Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0002%/8h= +0.2% APRpaid last 24h −0.010%

Price spread now: Aevo against Binance−0.076%48s7-day average −0.072% · 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—prices read too far apart to compare

costs, in and out, $10k−$390.385% of the position

Long on Binance Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 7 days+0.077%+$8 on $10k

Price spread, last 3 days (all we have)−0.211%−$21 · spread now −0.076%, 7d avg −0.072%

Together, before fees−0.134%−$13 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance BNBUSDT	803.28	0.0102	pay 0.0102% / 8h	2h 51m	$518.1M	$807.4M	75x
Short	Aevo BNB-PERP	802.68	0.0104	get 0.0013% / 1h	51m 29s	$386K	$40K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Binance. 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 BinancebpFee AevobpOrdersPrice spread, now −0.076%Rate

Funding earned: $0.34
Price spread: −0.076% → −0.072%: −$0.38
Slippage, 4 orders: −$12.52
Fee Binance: 5 bp × 2 orders: −$10
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$38.57
Costs to cover: 0.385%
Break-even: 800.5 days

Slippage from Binance: live order book, 7 min ago; Aevo: live order book, 37 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 Binance live order book, 7 min ago	0.06 bp	5.1 bp −$5	5.4 bp −$54	14.6 bp −$1,460	42.2 bp −$21.1K
Sell Aevo live order book, 37 min ago	3.11 bp	13.3 bp −$13	18.2 bp −$182	22.6 bp −$2,265	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 −0.0195% / S +0.0371%	1h	802.72	−0.071%	$48K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	803.20	−0.011%	$4K	$1K	25x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	804.43	+0.142%	$3.0M	$30.3M	10x	as long as short
Kalshi KXBNBPERP	0.0000%	8h	803.40	+0.014%	$110K	$2.5M	4.8x	as long as short
StandX BNB-USD	0.0000%	1h	803.50	+0.027%	$868K	$3.0M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	802.73	−0.069%	$9.8M	—	150x	as long as short
Kraken Futures PF_BNBUSD	+0.0038%	1h	802.81	−0.059%	$2.5M	$919K	50x	as long as short
Variational Omni BNB	+0.0068%	8h	803.35	+0.008%	$4.1M	$5.3M	—	as long as short
BingX BNB-USDT	+0.0070%	8h	802.73	−0.069%	—	$34.5M	—	as long as short
Aster BNBUSDT	+0.0087%	8h	802.99	−0.037%	$6.4M	$18.9M	200x	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	+0.0088%	1h	803.99	+0.088%	$608K	$899K	50x	as long as short
Lighter BNB	+0.0096%	1h	802.54	−0.093%	$2.8M	$4.2M	20x	as long as short
Nado BNB-PERP	+0.0100%	1h	802.02	−0.157%	$1.4M	$2.8M	20x	as long as short
Pacifica BNB	+0.0100%	1h	802.57	−0.089%	$1.2M	$923K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	802.30	−0.123%	$138.9M	$83.5M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	802.60	−0.085%	$54.9M	$115.4M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	802.60	−0.085%	$52K	$191K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	802.10	−0.147%	$35.9M	$58.2M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	802.53	−0.094%	$28.1M	$10.5M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	802.24	−0.130%	$78.9M	$24.6M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	803.76	+0.059%	$4.2M	$76.8M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	803.49	+0.026%	$158K	$437K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	802.66	−0.078%	$118K	$869K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	802.74	−0.068%	$388K	$595K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	802.95	−0.042%	$32K	$5K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	803.38	+0.011%	$13K	$1.7M	50x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0100%	1h	803.30	+0.002%	$1.6M	$162K	25x	as long as short
HTX BNB-USDT	+0.0100%	8h	802.92	−0.046%	$8.2M	$7.4M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	803.08	−0.026%	$78K	$19K	50x	as long as short
MEXC BNB_USDT	+0.0102%	8h	803.70	+0.052%	$84.3M	$13.5M	200x	as long as short
Binance BNBUSDTlong	+0.0102%	8h	803.28	long leg	$518.1M	$807.4M	75x
Extended BNB-USD	+0.0104%	1h	801.95	−0.166%	$1.9M	$6.1M	50x	as long as short
Aevo BNB-PERPshort	+0.0104%	1h	802.68	−0.076%	$386K	$40K	10x
SoDEX BNB-USD	+0.0106%	1h	802.80	−0.060%	$395K	$1.0M	10x	as long as short
Phemex BNBUSDT	+0.0123%	8h	803.35	+0.008%	$70.1M	$51.7M	50x	as long as short
Phoenix BNB	+0.0125%	1h	803.11	−0.022%	$173K	$35K	10x	as long as short
Bulk BNB-USD	+0.0161%	1h	803.45	+0.021%	$649K	$11K	10x	as long as short
Hyperliquid BNB	+0.0171%	1h	803.25	−0.004%	$51.6M	$21.3M	10x	as long as short
RISEx BNB/USDC	+0.0209%	1h	802.71	−0.072%	$1.1M	$1.4M	20x	as long as short
dYdX BNB-USD	+0.0210%	1h	803.01	−0.034%	$170K	$55K	10x	as long as short
BloFin BNB-USDT	+0.0222%	8h	803.74	+0.057%	$18.8M	$3.1M	75x	as long as short
Hibachi BNB/USDT-P	+0.0248%	1h	803.57	+0.036%	$71K	$48K	12x	as long as short
Reya BNBRUSDPERP	+0.0335%	1h	802.40	−0.110%	$6K	$3K	40x	as long as short
01 Exchange BNBUSD	+0.0336%	1h	803.01	−0.034%	$28K	$1K	10x	as long as short
Injective BNB/USDC PERP	+0.0353%	1h	804.92	+0.204%	$19K	$526K	30x	as long as short
Backpack BNB_USDC_PERP	+0.0666%	1h	803.66	+0.047%	$3.0M	$5.3M	40x	as long as short