Funding arb · Price arb /

BNB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.002%

Price spread now: Injective against Aster+2.112%7-day average −0.330% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Aster Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days−0.105%−$11 on $10k

Price spread, last 4 days (all we have)−2.760%−$276 · spread now +2.112%, 7d avg −0.330%

Together, before fees−2.865%+ Points / potential airdropAster: Stage 5 · farm board−$287 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Injective is 2.442% dearer against Aster than usual: you sell high and buy low, +$244 on $10k if it goes back to its 7-day average of −0.330%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster BNBUSDT	788.44	0.0033	pay 0.0033% / 8h	4h 04m	$6.1M	$18.7M	200x
Short	Injective BNB/USDC PERP	805.09	0.0033	get 0.0004% / 1h	4m 49s	$19K	$789K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now +2.112%Rate

Funding earned: $0.02
Price spread: +2.112% → −0.330%: $244.24
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $236.24
Costs to cover: 0.080%
Break-even: from the start

Slippage unknown: Aster: live order book, 4 min ago; Injective: no order-book sample. Net counts fees only.

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, 4 min ago	0.70 bp	4.9 bp −$5	6.4 bp −$64	18.7 bp −$1,870	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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 −0.0189% / S +0.0354%	1h	787.87	−0.071%	$46K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	788.33	−0.013%	$4K	$42	25x	as long as short
StandX BNB-USD	0.0000%	1h	788.68	+0.031%	$851K	$3.2M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	787.89	−0.070%	$9.5M	—	150x	as long as short
Aster BNBUSDTlong	+0.0033%	8h	788.44	long leg	$6.1M	$18.7M	200x
Injective BNB/USDC PERPshort	+0.0033%	1h	805.09	+2.112%	$19K	$789K	30x
BingX BNB-USDT	+0.0046%	8h	788.06	−0.048%	—	$34.4M	—	as long as short
MEXC BNB_USDT	+0.0057%	8h	788.80	+0.046%	$80.0M	$12.4M	200x	as long as short
Phemex BNBUSDT	+0.0057%	8h	788.52	+0.011%	$69.0M	$50.2M	50x	as long as short
Binance BNBUSDT	+0.0057%	8h	788.58	+0.018%	$492.2M	$790.6M	75x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International BNB-PERP-INTX	+0.0064%	1h	789.45	+0.129%	$582K	$1.9M	50x	as long as short
Lighter BNB	+0.0096%	1h	788.14	−0.038%	$2.7M	$3.9M	20x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	787.99	−0.057%	$265K	$492K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	787.75	−0.087%	$1.5M	$2.5M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	788.52	+0.011%	$51.7M	$17.5M	10x	as long as short
Pacifica BNB	+0.0100%	1h	788.15	−0.036%	$1.2M	$931K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	787.72	−0.091%	$138.6M	$74.0M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	787.90	−0.068%	$53.3M	$111.1M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	788.20	−0.030%	$52K	$130K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	787.95	−0.062%	$35.5M	$57.6M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	787.82	−0.078%	$28.0M	$10.4M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	787.62	−0.104%	$76.3M	$30.2M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	788.45	+0.002%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	787.71	−0.092%	$4.1M	$4.7M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	788.58	+0.019%	$4.1M	$73.2M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	788.72	+0.036%	$159K	$441K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	787.73	−0.090%	$133K	$950K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	788.03	−0.052%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	788.36	−0.009%	$12K	$1.5M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	788.00	−0.055%	$387K	$1.0M	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	787.74	−0.089%	$8.1M	$9.5M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	788.37	−0.008%	$77K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	787.49	−0.120%	$1.8M	$6.1M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	788.02	−0.052%	$379K	$110K	10x	as long as short
Phoenix BNB	+0.0117%	1h	788.48	+0.006%	$169K	$35K	10x	as long as short
dYdX BNB-USD	+0.0119%	1h	787.86	−0.073%	$159K	$64K	10x	as long as short
GRVT BNB_USDT_Perp	+0.0154%	8h	788.72	+0.036%	$2.9M	$28.6M	10x	as long as short
Kalshi KXBNBPERP	+0.0177%	8h	788.50	+0.008%	$132K	$2.7M	4.8x	as long as short
BloFin BNB-USDT	+0.0177%	8h	788.55	+0.014%	$18.1M	$2.2M	75x	as long as short
Bulk BNB-USD	+0.0216%	1h	789.05	+0.078%	$639K	$9K	10x	as long as short
01 Exchange BNBUSD	+0.0232%	1h	788.44	+0.001%	$28K	$4K	10x	as long as short
Kraken Futures PF_BNBUSD	+0.0264%	1h	787.85	−0.074%	$2.5M	$1.2M	50x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	788.37	−0.009%	$1.5M	$143K	25x	as long as short
Reya BNBRUSDPERP	+0.0325%	1h	787.60	−0.106%	$6K	$3K	40x	as long as short
Hibachi BNB/USDT-P	+0.0368%	1h	788.20	−0.030%	$67K	$38K	12x	as long as short
RISEx BNB/USDC	+0.0461%	1h	788.30	−0.017%	$1.1M	$967K	20x	as long as short