Funding arb · Price arb /

BNB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0021%/8h= +2.3% APRpaid last 24h −0.010%

Price spread now: Extended against Aster−0.137%7-day average −0.139% · you buy dearer than you sell

Net, funding: paid 7d − costs−$10as in the Funding arb table

Net, price: spread back to 7d avg − costs−$16as in the Price arb table

costs, in and out, $10k−$160.164% of the position

Long on Aster Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.067%+$7 on $10k

Price spread, last 7 days+0.069%+$7 · spread now −0.137%, 7d avg −0.139%

Together, before fees+0.135%+ Points / potential airdropAster: Stage 5 · Extended: Active · farm board+$14 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.139%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster BNBUSDT	798.54	0.0083	pay 0.0083% / 8h	11m 16s	$6.2M	$19.1M	200x
Short	Extended BNB-USD	797.45	0.0104	get 0.0013% / 1h	11m 16s	$1.7M	$6.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against Aster. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee AsterbpFee ExtendedbpOrdersPrice spread, now −0.137%Rate

Funding earned: $4.44
Price spread: −0.137% → −0.139%: $0.16
Slippage, 4 orders: −$3.41
Fee Aster: 4 bp × 2 orders: −$8
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$11.81
Costs to cover: 0.164%
Break-even: 25.6 days

Slippage from Aster: live order book, 3 min ago; Extended: live order book, 3 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Aster live order book, 3 min ago	1.00 bp	5.0 bp −$5	5.4 bp −$54	17.8 bp −$1,782	doesn't fit
Sell Extended live order book, 3 min ago	0.06 bp	3.6 bp −$4	5.6 bp −$56	doesn't fit	doesn't fit

BNB on 46 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GMX BNB/USD [WBTC.b-USDC]	L −0.0201% / S +0.0372%	1h	797.88	−0.083%	$47K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	798.31	−0.029%	$4K	$1K	25x	as long as short
Kraken Futures PF_BNBUSD	−0.0074%	1h	797.85	−0.087%	$2.5M	$974K	50x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	798.80	+0.032%	$3.0M	$27.9M	10x	as long as short
StandX BNB-USD	0.0000%	1h	799.15	+0.076%	$864K	$2.9M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	797.94	−0.075%	$9.7M	—	150x	as long as short
Variational Omni BNB	+0.0008%	8h	797.53	−0.126%	$4.0M	$5.4M	—	as long as short
BingX BNB-USDC	+0.0033%	8h	798.13	−0.051%	—	$13.3M	—	as long as short
Bybit BNBUSDT	+0.0039%	8h	797.60	−0.118%	$138.4M	$76.8M	75x	as long as short
Coinbase International BNB-PERP-INTX	+0.0072%	1h	798.77	+0.029%	$604K	$983K	50x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster BNBUSDTlong	+0.0083%	8h	798.54	long leg	$6.2M	$19.1M	200x
Lighter BNB	+0.0096%	1h	798.32	−0.027%	$2.8M	$4.1M	20x	as long as short
Nado BNB-PERP	+0.0100%	1h	797.70	−0.105%	$1.4M	$2.7M	20x	as long as short
Pacifica BNB	+0.0100%	1h	798.27	−0.034%	$1.2M	$926K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	797.60	−0.118%	$54.3M	$112.6M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	798.30	−0.030%	$52K	$133K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	797.70	−0.105%	$35.7M	$58.5M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	797.86	−0.085%	$27.9M	$10.2M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	797.70	−0.105%	$79.0M	$27.5M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	798.97	+0.054%	$4.1M	$76.2M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	799.19	+0.081%	$161K	$438K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	797.88	−0.083%	$116K	$874K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	797.84	−0.088%	$386K	$494K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	797.95	−0.074%	$32K	$5K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	798.97	+0.053%	$13K	$1.7M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	798.10	−0.055%	$392K	$1.0M	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	798.64	+0.013%	$8.2M	$8.0M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	798.71	+0.021%	$78K	$19K	50x	as long as short
Phemex BNBUSDT	+0.0101%	8h	798.80	+0.033%	$69.9M	$50.7M	50x	as long as short
Binance BNBUSDT	+0.0104%	8h	798.37	−0.022%	$497.4M	$817.7M	75x	as long as short
Extended BNB-USDshort	+0.0104%	1h	797.45	−0.137%	$1.7M	$6.5M	50x
MEXC BNB_USDT	+0.0104%	8h	798.80	+0.033%	$83.0M	$13.6M	200x	as long as short
Aevo BNB-PERP	+0.0104%	1h	798.00	−0.068%	$383K	$40K	10x	as long as short
Phoenix BNB	+0.0127%	1h	799.20	+0.083%	$172K	$36K	10x	as long as short
Kalshi KXBNBPERP	+0.0141%	8h	799.30	+0.095%	$90K	$2.9M	4.8x	as long as short
Hibachi BNB/USDT-P	+0.0168%	1h	798.47	−0.008%	$70K	$43K	12x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0200%	1h	798.29	−0.031%	$1.6M	$165K	25x	as long as short
Bulk BNB-USD	+0.0214%	1h	799.38	+0.105%	$649K	$17K	10x	as long as short
Hyperliquid BNB	+0.0224%	1h	798.82	+0.035%	$52.4M	$21.3M	10x	as long as short
BloFin BNB-USDT	+0.0225%	8h	798.80	+0.033%	$18.1M	$2.5M	75x	as long as short
RISEx BNB/USDC	+0.0258%	1h	798.12	−0.053%	$1.1M	$1.4M	20x	as long as short
01 Exchange BNBUSD	+0.0272%	1h	798.54	0.000%	$28K	$1K	10x	as long as short
Injective BNB/USDC PERP	+0.0306%	1h	805.09	+0.820%	$19K	$789K	30x	as long as short
Reya BNBRUSDPERP	+0.0331%	1h	797.57	−0.122%	$6K	$3K	40x	as long as short
dYdX BNB-USD	+0.0342%	1h	798.70	+0.020%	$161K	$63K	10x	as long as short
Backpack BNB_USDC_PERP	+0.0344%	1h	799.05	+0.064%	$2.7M	$5.7M	40x	as long as short