Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0064%/8h= +7.0% APRpaid last 24h +0.014%

Price spread now: Aevo against BingX−0.008%7-day average −0.004% · you buy dearer than you sell

Net, funding: paid 7d − costs−$51as in the Funding arb table

Net, price: spread back to 7d avg − costs−$57as in the Price arb table

costs, in and out, $10k−$570.568% of the position

Long on BingX Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 7 days+0.055%+$6 on $10k

Price spread, last 4 days (all we have)−0.020%−$2 · spread now −0.008%, 7d avg −0.004%

Together, before fees+0.035%+$4 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.004%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX BNB-USDC	783.35	0.0040	pay 0.0040% / 8h	24m 03s	—	$13.4M	—
Short	Aevo BNB-PERP	783.29	0.0104	get 0.0013% / 1h	24m 03s	$376K	$110K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against BingX. 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 BingXbpFee AevobpOrdersPrice spread, now −0.008%Rate

Funding earned: $13.44
Price spread: −0.008% → −0.004%: −$0.41
Slippage, 4 orders: −$30.81
Fee BingX: 5 bp × 2 orders: −$10
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$43.78
Costs to cover: 0.568%
Break-even: 29.8 days

Slippage from BingX: live order book, 4 min ago; Aevo: live order book, 15 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 BingX live order book, 4 min ago	0.32 bp	7.0 bp −$7	10.0 bp −$100	21.9 bp −$2,191	68.3 bp −$34.2K
Sell Aevo live order book, 15 min ago	5.09 bp	24.0 bp −$24	34.2 bp −$342	53.7 bp −$5,371	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 −0.0168% / S +0.0337%	1h	783.47	+0.016%	$43K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	784.36	+0.129%	$4K	$42	25x	as long as short
Kraken Futures PF_BNBUSD	−0.0050%	1h	783.28	−0.008%	$2.5M	$1.2M	50x	as long as short
Variational Omni BNB	0.0000%	8h	783.51	+0.020%	$4.0M	$4.7M	—	as long as short
StandX BNB-USD	0.0000%	1h	784.90	+0.198%	$846K	$2.7M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	783.50	+0.019%	$9.4M	—	150x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.775%	$19K	$789K	30x	as long as short
Aster BNBUSDT	+0.0035%	8h	783.78	+0.055%	$6.0M	$18.7M	200x	as long as short
BingX BNB-USDClong	+0.0040%	8h	783.35	long leg	—	$13.4M	—
Binance BNBUSDT	+0.0049%	8h	783.77	+0.054%	$486.8M	$817.7M	75x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC BNB_USDT	+0.0049%	8h	784.30	+0.121%	$80.7M	$12.0M	200x	as long as short
Phemex BNBUSDT	+0.0076%	8h	783.79	+0.056%	$68.4M	$51.3M	50x	as long as short
dYdX BNB-USD	+0.0092%	1h	784.24	+0.114%	$159K	$62K	10x	as long as short
Lighter BNB	+0.0096%	1h	783.36	+0.001%	$2.7M	$3.8M	20x	as long as short
Phoenix BNB	+0.0100%	1h	785.24	+0.241%	$163K	$35K	10x	as long as short
Nado BNB-PERP	+0.0100%	1h	783.50	+0.019%	$1.3M	$2.7M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	783.84	+0.063%	$51.3M	$17.5M	10x	as long as short
Pacifica BNB	+0.0100%	1h	784.05	+0.089%	$1.2M	$937K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	783.00	−0.045%	$137.8M	$74.2M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	783.00	−0.045%	$53.3M	$112.2M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	783.90	+0.070%	$52K	$125K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	783.25	−0.013%	$38.4M	$58.0M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	782.90	−0.057%	$27.6M	$10.2M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	782.87	−0.061%	$75.3M	$32.5M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	783.63	+0.036%	$2.2M	$6.1M	40x	as long as short
edgeX BNBUSDC	+0.0100%	4h	785.11	+0.224%	$4.1M	$76.2M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	785.72	+0.303%	$158K	$436K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	783.47	+0.015%	$131K	$944K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	783.36	+0.001%	$263K	$405K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	783.41	+0.008%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	784.29	+0.120%	$12K	$1.5M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	783.40	+0.006%	$385K	$969K	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	783.85	+0.064%	$8.0M	$10.4M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	784.23	+0.113%	$78K	$17K	50x	as long as short
Kalshi KXBNBPERP	+0.0103%	8h	784.30	+0.121%	$171K	$2.7M	4.8x	as long as short
Extended BNB-USD	+0.0104%	1h	782.74	−0.078%	$1.8M	$5.8M	50x	as long as short
Aevo BNB-PERPshort	+0.0104%	1h	783.29	−0.008%	$376K	$110K	10x
Coinbase International BNB-PERP-INTX	+0.0104%	1h	783.56	+0.027%	$546K	$1.9M	50x	as long as short
BloFin BNB-USDT	+0.0169%	8h	784.58	+0.157%	$17.7M	$2.2M	75x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0200%	1h	783.75	+0.051%	$1.5M	$141K	25x	as long as short
Bulk BNB-USD	+0.0208%	1h	785.53	+0.278%	$637K	$831	10x	as long as short
GRVT BNB_USDT_Perp	+0.0219%	8h	785.10	+0.223%	$2.9M	$28.6M	10x	as long as short
01 Exchange BNBUSD	+0.0248%	1h	784.23	+0.112%	$28K	$4K	10x	as long as short
Reya BNBRUSDPERP	+0.0320%	1h	782.78	−0.072%	$6K	$3K	40x	as long as short
RISEx BNB/USDC	+0.0350%	1h	783.94	+0.075%	$1.1M	$906K	20x	as long as short
Hibachi BNB/USDT-P	+0.0464%	1h	784.26	+0.117%	$67K	$39K	12x	as long as short