BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0096%/8h= −10.5% APRnext payment −$0.12 per $10,000 · paid last 24h −0.016%

Price spread now: Aevo against Deribit−0.027%7-day average −0.033% · you buy dearer than you sell

Net, funding: paid 7d − costs−$102as in the Funding arb table

Net, price: spread back to 7d avg − costs−$92as in the Price arb table

costs, in and out, $10k−$930.927% of the position

Long on Deribit Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 7 days−0.097%−$10 on $10k

Price spread, last 3 days (all we have)−0.001%$0 · spread now −0.027%, 7d avg −0.033%

Together, before fees−0.098%−$10 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.033%, 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	Deribit BNB_USDC-PERPETUAL	804.84	0.0200	pay 0.0025% / 1h	52m 45s	$1.6M	$165K	25x
Short	Aevo BNB-PERP	804.63	0.0104	get 0.0013% / 1h	52m 45s	$387K	$40K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Deribit. 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 DeribitbpFee AevobpOrdersPrice spread, now −0.027%Rate

Funding earned: −$20.16
Price spread: −0.027% → −0.033%: $0.57
Slippage, 4 orders: −$69.66
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$112.25
Costs to cover: 0.927%
Break-even: never at this rate

Slippage from Deribit: live order book, 1 min ago; Aevo: live order book, 31 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 Deribit live order book, 1 min ago	1.55 bp	7.3 bp −$7	13.5 bp −$135	doesn't fit	doesn't fit
Sell Aevo live order book, 31 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	804.57	−0.033%	$49K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	806.41	+0.195%	$4K	$1K	25x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	806.78	+0.241%	$3.0M	$29.4M	10x	as long as short
Kalshi KXBNBPERP	0.0000%	8h	805.60	+0.094%	$107K	$2.5M	4.8x	as long as short
StandX BNB-USD	0.0000%	1h	806.22	+0.171%	$871K	$2.8M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	804.68	−0.020%	$9.8M	—	150x	as long as short
Hibachi BNB/USDT-P	+0.0024%	1h	806.08	+0.153%	$71K	$48K	12x	as long as short
Variational Omni BNB	+0.0044%	8h	805.28	+0.055%	$4.1M	$5.3M	—	as long as short
BingX BNB-USDC	+0.0056%	8h	804.70	−0.018%	—	$13.3M	—	as long as short
Bybit BNBUSDT	+0.0083%	8h	804.70	−0.018%	$139.3M	$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	805.31	+0.058%	$2.8M	$4.2M	20x	as long as short
Coinbase International BNB-PERP-INTX	+0.0096%	1h	805.76	+0.114%	$608K	$882K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	805.15	+0.038%	$1.5M	$2.8M	20x	as long as short
Pacifica BNB	+0.0100%	1h	805.22	+0.046%	$1.2M	$925K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	804.90	+0.007%	$55.1M	$116.1M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	805.50	+0.082%	$53K	$170K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	804.35	−0.061%	$36.2M	$57.1M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	804.32	−0.065%	$28.1M	$10.5M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	804.46	−0.047%	$78.7M	$25.0M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	806.63	+0.222%	$4.2M	$76.4M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	806.32	+0.184%	$162K	$438K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	804.87	+0.003%	$116K	$870K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	804.40	−0.055%	$389K	$592K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	804.65	−0.023%	$32K	$5K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	805.09	+0.030%	$13K	$1.7M	50x	as long as short
HTX BNB-USDT	+0.0100%	8h	804.82	−0.003%	$8.2M	$7.6M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	806.07	+0.153%	$79K	$19K	50x	as long as short
Aster BNBUSDT	+0.0101%	8h	805.15	+0.038%	$6.4M	$18.8M	200x	as long as short
Extended BNB-USD	+0.0104%	1h	803.87	−0.121%	$1.9M	$6.0M	50x	as long as short
Aevo BNB-PERPshort	+0.0104%	1h	804.63	−0.027%	$387K	$40K	10x
MEXC BNB_USDT	+0.0117%	8h	805.40	+0.069%	$84.5M	$13.3M	200x	as long as short
Binance BNBUSDT	+0.0118%	8h	805.56	+0.089%	$520.2M	$805.9M	75x	as long as short
Hyperliquid BNB	+0.0136%	1h	805.55	+0.088%	$51.8M	$22.0M	10x	as long as short
Phemex BNBUSDT	+0.0140%	8h	805.02	+0.022%	$70.2M	$51.9M	50x	as long as short
SoDEX BNB-USD	+0.0145%	1h	804.50	−0.043%	$396K	$1.0M	10x	as long as short
dYdX BNB-USD	+0.0151%	1h	804.38	−0.057%	$162K	$63K	10x	as long as short
Phoenix BNB	+0.0155%	1h	805.95	+0.138%	$173K	$35K	10x	as long as short
Deribit BNB_USDC-PERPETUALlong	+0.0200%	1h	804.84	long leg	$1.6M	$165K	25x
Kraken Futures PF_BNBUSD	+0.0206%	1h	804.45	−0.049%	$2.5M	$933K	50x	as long as short
BloFin BNB-USDT	+0.0238%	8h	805.07	+0.028%	$18.8M	$3.1M	75x	as long as short
Bulk BNB-USD	+0.0273%	1h	805.26	+0.052%	$650K	$14K	10x	as long as short
Injective BNB/USDC PERP	+0.0311%	1h	805.09	+0.031%	$19K	$789K	30x	as long as short
RISEx BNB/USDC	+0.0318%	1h	805.18	+0.043%	$1.1M	$1.4M	20x	as long as short
Reya BNBRUSDPERP	+0.0333%	1h	804.39	−0.057%	$6K	$3K	40x	as long as short
01 Exchange BNBUSD	+0.0360%	1h	805.66	+0.102%	$28K	$1K	10x	as long as short
Backpack BNB_USDC_PERP	+0.0710%	1h	805.37	+0.066%	$3.0M	$5.5M	40x	as long as short