Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%

Price spread now: Aevo against Bitget+0.053%7-day average +0.051% · you sell dearer than you buy

Net, funding: paid 7d − costs−$84as in the Funding arb table

Net, price: spread back to 7d avg − costs−$89as in the Price arb table

costs, in and out, $10k−$890.892% of the position

Long on Bitget Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 7 days+0.053%+$5 on $10k

Price spread, last 3 days (all we have)−0.088%−$9 · spread now +0.053%, 7d avg +0.051%

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

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget BNBUSDT	805.45	0.0100	pay 0.0100% / 8h	1h 55m	$79.1M	$24.8M	75x
Short	Aevo BNB-PERP	805.87	0.0104	get 0.0013% / 1h	55m 48s	$387K	$40K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Bitget. 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 BitgetbpFee AevobpOrdersPrice spread, now +0.053%Rate

Funding earned: $0.84
Price spread: +0.053% → +0.051%: $0.17
Slippage, 4 orders: −$61.17
Fee Bitget: 6 bp × 2 orders: −$12
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$88.15
Costs to cover: 0.892%
Break-even: 741.6 days

Slippage from Bitget: live order book, 3 min ago; Aevo: live order book, 28 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 Bitget live order book, 3 min ago	0.06 bp	7.1 bp −$7	11.1 bp −$111	20.7 bp −$2,071	doesn't fit
Sell Aevo live order book, 28 min ago	12.10 bp	31.6 bp −$32	35.8 bp −$358	62.9 bp −$6,292	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	805.56	+0.014%	$49K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	806.36	+0.113%	$4K	$1K	25x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	805.06	−0.048%	$3.0M	$29.5M	10x	as long as short
Kalshi KXBNBPERP	0.0000%	8h	805.60	+0.019%	$108K	$2.5M	4.8x	as long as short
StandX BNB-USD	0.0000%	1h	804.39	−0.132%	$869K	$2.8M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	805.66	+0.026%	$9.8M	—	150x	as long as short
Hibachi BNB/USDT-P	+0.0008%	1h	804.69	−0.094%	$71K	$48K	12x	as long as short
Variational Omni BNB	+0.0047%	8h	804.12	−0.165%	$4.1M	$5.3M	—	as long as short
BingX BNB-USDT	+0.0056%	8h	805.75	+0.037%	—	$34.5M	—	as long as short
Bybit BNBUSDT	+0.0080%	8h	805.50	+0.006%	$139.4M	$82.0M	75x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter BNB	+0.0096%	1h	805.81	+0.045%	$2.8M	$4.2M	20x	as long as short
Coinbase International BNB-PERP-INTX	+0.0096%	1h	805.76	+0.038%	$608K	$882K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	805.67	+0.027%	$1.5M	$2.8M	20x	as long as short
Pacifica BNB	+0.0100%	1h	805.95	+0.062%	$1.2M	$925K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	805.60	+0.019%	$55.2M	$116.2M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	806.20	+0.093%	$53K	$170K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	805.60	+0.019%	$36.2M	$57.0M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	805.60	+0.019%	$28.2M	$10.5M	75x	as long as short
Bitget BNBUSDTlong	+0.0100%	8h	805.45	long leg	$79.1M	$24.8M	75x
edgeX BNBUSDC	+0.0100%	4h	804.99	−0.057%	$4.2M	$76.2M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	805.23	−0.027%	$159K	$437K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	805.61	+0.020%	$116K	$870K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	805.67	+0.027%	$389K	$592K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	805.90	+0.056%	$32K	$5K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	804.87	−0.073%	$13K	$1.7M	50x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0100%	1h	806.11	+0.082%	$1.6M	$165K	25x	as long as short
HTX BNB-USDT	+0.0100%	8h	805.75	+0.037%	$8.2M	$7.6M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	806.29	+0.104%	$79K	$19K	50x	as long as short
Aster BNBUSDT	+0.0100%	8h	806.39	+0.117%	$6.4M	$18.8M	200x	as long as short
Extended BNB-USD	+0.0104%	1h	805.37	−0.010%	$1.9M	$5.9M	50x	as long as short
Aevo BNB-PERPshort	+0.0104%	1h	805.87	+0.053%	$387K	$40K	10x
Hyperliquid BNB	+0.0110%	1h	806.45	+0.124%	$51.9M	$22.0M	10x	as long as short
MEXC BNB_USDT	+0.0116%	8h	806.60	+0.143%	$84.6M	$13.3M	200x	as long as short
Binance BNBUSDT	+0.0116%	8h	806.32	+0.107%	$520.7M	$805.9M	75x	as long as short
Phoenix BNB	+0.0125%	1h	805.17	−0.035%	$173K	$35K	10x	as long as short
Phemex BNBUSDT	+0.0137%	8h	806.23	+0.097%	$70.4M	$51.9M	50x	as long as short
dYdX BNB-USD	+0.0140%	1h	805.79	+0.042%	$162K	$63K	10x	as long as short
SoDEX BNB-USD	+0.0158%	1h	805.70	+0.031%	$396K	$1.0M	10x	as long as short
Kraken Futures PF_BNBUSD	+0.0205%	1h	805.54	+0.011%	$2.5M	$932K	50x	as long as short
BloFin BNB-USDT	+0.0236%	8h	805.52	+0.009%	$18.9M	$3.1M	75x	as long as short
Bulk BNB-USD	+0.0273%	1h	805.26	−0.024%	$650K	$14K	10x	as long as short
Injective BNB/USDC PERP	+0.0311%	1h	805.09	−0.045%	$19K	$789K	30x	as long as short
RISEx BNB/USDC	+0.0318%	1h	806.04	+0.073%	$1.1M	$1.4M	20x	as long as short
Reya BNBRUSDPERP	+0.0333%	1h	805.33	−0.015%	$6K	$3K	40x	as long as short
01 Exchange BNBUSD	+0.0336%	1h	806.51	+0.132%	$29K	$1K	10x	as long as short
Backpack BNB_USDC_PERP	+0.0698%	1h	806.74	+0.160%	$3.0M	$5.5M	40x	as long as short