Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0097%/8h= −10.6% APRpaid last 24h 0.000%

Price spread now: Kraken Futures against Aster−0.074%7-day average −0.090% · you buy dearer than you sell

Net, funding: paid 7d − costs−$31as in the Funding arb table

Net, price: spread back to 7d avg − costs−$28as in the Price arb table

costs, in and out, $10k−$300.296% of the position

Long on Aster Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days−0.016%−$2 on $10k

Price spread, last 4 days (all we have)−0.054%−$5 · spread now −0.074%, 7d avg −0.090%

Together, before fees−0.070%+ Points / potential airdropAster: Stage 5 · farm board−$7 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.090%, so right now this pair is about funding alone: −$3 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	787.47	0.0047	pay 0.0047% / 8h	45m 13s	$6.1M	$18.9M	200x
Short	Kraken Futures PF_BNBUSD	786.89	−0.0050	pay 0.0006% / 1h	45m 13s	$2.5M	$1.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now −0.074%Rate

Funding earned: −$20.35
Price spread: −0.074% → −0.090%: $1.54
Slippage, 4 orders: −$11.59
Fee Aster: 4 bp × 2 orders: −$8
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$48.4
Costs to cover: 0.296%
Break-even: never at this rate

Slippage from Aster: live order book, 4 min ago; Kraken Futures: 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, 4 min ago	0.06 bp	5.3 bp −$5	6.4 bp −$64	20.0 bp −$2,003	doesn't fit
Sell Kraken Futures live order book, 3 min ago	3.30 bp	10.3 bp −$10	16.0 bp −$160	36.4 bp −$3,637	101.3 bp −$50.7K

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 −0.0168% / S +0.0337%	1h	786.86	−0.077%	$43K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	787.30	−0.022%	$4K	$42	25x	as long as short
Kraken Futures PF_BNBUSDshort	−0.0050%	1h	786.89	−0.074%	$2.5M	$1.2M	50x
StandX BNB-USD	0.0000%	1h	788.07	+0.076%	$850K	$2.7M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	786.88	−0.075%	$9.5M	—	150x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.238%	$19K	$789K	30x	as long as short
BingX BNB-USDC	+0.0045%	8h	787.21	−0.033%	—	$13.4M	—	as long as short
dYdX BNB-USD	+0.0046%	1h	787.24	−0.029%	$160K	$62K	10x	as long as short
Aster BNBUSDTlong	+0.0047%	8h	787.47	long leg	$6.1M	$18.9M	200x
MEXC BNB_USDT	+0.0055%	8h	788.20	+0.093%	$81.2M	$11.9M	200x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance BNBUSDT	+0.0056%	8h	787.56	+0.012%	$489.4M	$821.0M	75x	as long as short
Phemex BNBUSDT	+0.0076%	8h	787.56	+0.011%	$68.8M	$51.3M	50x	as long as short
Lighter BNB	+0.0096%	1h	787.10	−0.046%	$2.7M	$3.8M	20x	as long as short
Phoenix BNB	+0.0100%	1h	787.73	+0.033%	$169K	$35K	10x	as long as short
Nado BNB-PERP	+0.0100%	1h	786.75	−0.091%	$1.4M	$2.7M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	787.60	+0.017%	$51.5M	$17.7M	10x	as long as short
Pacifica BNB	+0.0100%	1h	787.18	−0.036%	$1.2M	$934K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	786.94	−0.067%	$138.4M	$74.7M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	786.80	−0.085%	$53.6M	$113.1M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	787.20	−0.034%	$52K	$129K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	786.90	−0.072%	$38.2M	$57.5M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	786.65	−0.104%	$27.7M	$10.2M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	786.80	−0.085%	$76.4M	$31.8M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	787.49	+0.003%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	787.00	−0.060%	$4.0M	$4.7M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	787.76	+0.036%	$4.1M	$76.2M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	787.79	+0.041%	$159K	$438K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	786.78	−0.088%	$131K	$953K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	786.97	−0.063%	$265K	$430K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	787.48	+0.001%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	787.78	+0.039%	$12K	$1.5M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	787.10	−0.047%	$387K	$974K	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	787.09	−0.048%	$8.0M	$10.3M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	787.48	+0.001%	$78K	$18K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	786.53	−0.119%	$1.8M	$5.9M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	787.00	−0.060%	$378K	$110K	10x	as long as short
Coinbase International BNB-PERP-INTX	+0.0104%	1h	787.56	+0.011%	$559K	$1.9M	50x	as long as short
Kalshi KXBNBPERP	+0.0114%	8h	787.30	−0.022%	$170K	$2.7M	4.8x	as long as short
BloFin BNB-USDT	+0.0176%	8h	787.52	+0.006%	$17.8M	$2.2M	75x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0200%	1h	787.35	−0.015%	$1.5M	$145K	25x	as long as short
Bulk BNB-USD	+0.0210%	1h	786.98	−0.062%	$638K	$831	10x	as long as short
GRVT BNB_USDT_Perp	+0.0226%	8h	788.02	+0.070%	$2.9M	$28.8M	10x	as long as short
01 Exchange BNBUSD	+0.0264%	1h	787.51	+0.005%	$28K	$4K	10x	as long as short
Reya BNBRUSDPERP	+0.0321%	1h	786.60	−0.111%	$6K	$3K	40x	as long as short
RISEx BNB/USDC	+0.0350%	1h	787.21	−0.033%	$1.1M	$907K	20x	as long as short
Hibachi BNB/USDT-P	+0.0456%	1h	787.53	+0.007%	$67K	$39K	12x	as long as short