Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0030%/8h= −3.3% APRpaid last 24h +0.008%

Price spread now: Aster against Coinbase International+0.061%7-day average +0.092% · you sell dearer than you buy

Net, funding: paid 7d − costs−$20as in the Funding arb table

Net, price: spread back to 7d avg − costs−$26as in the Price arb table

costs, in and out, $10k−$230.232% of the position

Long on Coinbase International Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days+0.030%+$3 on $10k

Price spread, last 4 days (all we have)+0.133%+$13 · spread now +0.061%, 7d avg +0.092%

Together, before fees+0.163%+ Points / potential airdropAster: Stage 5 · farm board+$16 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Aster is 0.031% cheaper against Coinbase International than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.092%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International BNB-PERP-INTX	787.46	0.0080	pay 0.0010% / 1h	8m 06s	$568K	$1.9M	50x
Short	Aster BNBUSDT	787.94	0.0050	get 0.0050% / 8h	1h 08m	$6.1M	$18.8M	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Coinbase International. 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 Coinbase InternationalbpFee AsterbpOrdersPrice spread, now +0.061%Rate

Funding earned: −$6.34
Price spread: +0.061% → +0.092%: −$3.15
Slippage, 4 orders: −$5.21
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$32.69
Costs to cover: 0.232%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 1 min ago; Aster: live order book, 6 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 Coinbase International live order book, 1 min ago	1.84 bp	7.9 bp −$8	14.2 bp −$142	doesn't fit	doesn't fit
Sell Aster live order book, 6 min ago	0.13 bp	4.2 bp −$4	5.4 bp −$54	18.2 bp −$1,818	doesn't fit

BNB on 45 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 −0.0170% / S +0.0337%	1h	787.37	−0.012%	$43K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	787.67	+0.027%	$4K	$42	25x	as long as short
StandX BNB-USD	0.0000%	1h	788.08	+0.079%	$850K	$2.7M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	787.37	−0.012%	$9.5M	—	150x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.239%	$19K	$789K	30x	as long as short
BingX BNB-USDT	+0.0048%	8h	787.59	+0.017%	—	$22.3M	—	as long as short
Aster BNBUSDTshort	+0.0050%	8h	787.94	+0.061%	$6.1M	$18.8M	200x
Binance BNBUSDT	+0.0060%	8h	788.01	+0.070%	$490.5M	$819.5M	75x	as long as short
MEXC BNB_USDT	+0.0060%	8h	788.70	+0.157%	$81.1M	$12.1M	200x	as long as short
dYdX BNB-USD	+0.0064%	1h	787.28	−0.023%	$160K	$62K	10x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex BNBUSDT	+0.0074%	8h	788.01	+0.070%	$68.9M	$51.1M	50x	as long as short
Coinbase International BNB-PERP-INTXlong	+0.0080%	1h	787.46	long leg	$568K	$1.9M	50x
Lighter BNB	+0.0096%	1h	787.60	+0.017%	$2.7M	$3.9M	20x	as long as short
Nado BNB-PERP	+0.0100%	1h	787.25	−0.027%	$1.4M	$2.7M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	788.09	+0.080%	$51.6M	$17.7M	10x	as long as short
Pacifica BNB	+0.0100%	1h	787.60	+0.018%	$1.2M	$933K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	787.29	−0.022%	$138.6M	$74.9M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	787.20	−0.033%	$53.6M	$113.1M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	787.60	+0.018%	$52K	$129K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	787.50	+0.005%	$37.9M	$59.5M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	787.08	−0.048%	$27.7M	$10.2M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	787.25	−0.027%	$76.2M	$31.2M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	787.84	+0.048%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	787.00	−0.058%	$4.0M	$4.8M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	787.81	+0.045%	$4.1M	$76.3M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	787.40	−0.008%	$158K	$439K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	787.28	−0.023%	$132K	$951K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	787.44	−0.003%	$265K	$470K	50x	as long as short
SunX BNB-USDT	+0.0100%	8h	787.90	+0.056%	$12K	$1.5M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	787.60	+0.018%	$387K	$978K	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	787.74	+0.035%	$8.0M	$10.2M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	788.04	+0.074%	$78K	$18K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	787.03	−0.055%	$1.8M	$5.9M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	787.45	−0.001%	$378K	$110K	10x	as long as short
Kalshi KXBNBPERP	+0.0116%	8h	787.80	+0.043%	$170K	$2.7M	4.8x	as long as short
Phoenix BNB	+0.0135%	1h	787.80	+0.043%	$169K	$35K	10x	as long as short
BloFin BNB-USDT	+0.0180%	8h	787.81	+0.044%	$17.7M	$2.2M	75x	as long as short
Kraken Futures PF_BNBUSD	+0.0205%	1h	787.35	−0.014%	$2.5M	$1.2M	50x	as long as short
Bulk BNB-USD	+0.0222%	1h	787.85	+0.049%	$639K	$831	10x	as long as short
GRVT BNB_USDT_Perp	+0.0228%	8h	788.01	+0.070%	$2.9M	$29.3M	10x	as long as short
01 Exchange BNBUSD	+0.0248%	1h	787.89	+0.055%	$28K	$4K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	787.93	+0.059%	$1.5M	$145K	25x	as long as short
Reya BNBRUSDPERP	+0.0321%	1h	787.10	−0.045%	$6K	$3K	40x	as long as short
RISEx BNB/USDC	+0.0438%	1h	787.57	+0.014%	$1.1M	$915K	20x	as long as short
Hibachi BNB/USDT-P	+0.0480%	1h	787.60	+0.018%	$67K	$39K	12x	as long as short