Settings8H · net · $10k
Funding arb · Price arb /

BNB

all BNB markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC−0.0017%/8h= −1.9% APRpaid last 24h +0.010%
Price spread now: Aster against Extended+0.116%7-day average +0.138% · you sell dearer than you buy
Net, funding: paid 7d − costs−$23as in the Funding arb table
Net, price: spread back to 7d avg − costs−$18as in the Price arb table
costs, in and out, $10k−$160.160% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.067%−$7 on $10k
Price spread, last 7 days−0.031%−$3 · spread now +0.116%, 7d avg +0.138%
Together, before fees−0.098%+ Points / potential airdropExtended: Active · Aster: Stage 5 · farm board−$10 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 0.022% cheaper against Extended than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of +0.138%). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended BNB-USD802.560.0104pay 0.0013% / 1h41m 01s$1.9M$6.1M50x
ShortAster BNBUSDT803.490.0087get 0.0087% / 8h2h 41m$6.4M$18.8M200x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aster against Extended. 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

Funding earned
−$3.6
Price spread: +0.116% → +0.138%
−$2.22
Slippage, 4 orders
−$2.96
Fee Extended: 2.5 bp × 2 orders
−$5
Fee Aster: 4 bp × 2 orders
−$8
Net
−$21.78
Costs to cover
0.160%
Break-even
never at this rate
Slippage from Extended: live order book, 3 min ago; Aster: live order book, 3 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Extended live order book, 3 min ago0.06 bp3.2 bp −$34.6 bp −$46doesn't fitdoesn't fit
Sell Aster live order book, 3 min ago0.68 bp4.8 bp −$55.8 bp −$5818.7 bp −$1,875doesn't fit

BNB on 46 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GMX BNB/USD [WBTC.b-USDC]L −0.0195% / S +0.0371%1h802.87+0.038%$48K200xas long as short
Hotstuff BNB-PERP−0.0080%1h803.57+0.126%$4K$1K25xas long as short
GRVT BNB_USDT_Perp0.0000%8h803.09+0.066%$3.0M$30.0M10xas long as short
Kalshi KXBNBPERP0.0000%8h803.20+0.080%$122K$2.5M4.8xas long as short
StandX BNB-USD0.0000%1h803.92+0.169%$869K$3.0M30xas long as short
gTrade (Gains Network) BNB/USDL +0.0008% / S −0.0007%1h802.88+0.039%$9.8M150xas long as short
Kraken Futures PF_BNBUSD+0.0038%1h803.05+0.061%$2.5M$910K50xas long as short
Variational Omni BNB+0.0059%8h802.25−0.038%$4.1M$5.3Mas long as short
BingX BNB-USDT+0.0062%8h802.85+0.036%$34.5Mas long as short
Bybit BNBUSDT+0.0083%8h802.40−0.020%$138.7M$82.5M75xas long as short
Show all 46 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster BNBUSDTshort+0.0087%8h803.49+0.116%$6.4M$18.8M200x
Coinbase International BNB-PERP-INTX+0.0088%1h803.99+0.178%$608K$880K50xas long as short
Lighter BNB+0.0096%1h803.06+0.062%$2.8M$4.2M20xas long as short
Nado BNB-PERP+0.0100%1h802.560.000%$1.4M$2.8M20xas long as short
Pacifica BNB+0.0100%1h802.95+0.048%$1.2M$923K20xas long as short
OKX BNB-USDT-SWAP+0.0100%8h802.70+0.017%$55.1M$115.4M50xas long as short
Arcus BNB-USD+0.0100%1h803.20+0.080%$52K$161K10xas long as short
Gate BNB_USDT+0.0100%8h802.65+0.011%$35.9M$58.4M75xas long as short
KuCoin BNBUSDTM+0.0100%8h802.66+0.012%$28.1M$10.5M75xas long as short
Bitget BNBUSDT+0.0100%8h802.50−0.008%$79.0M$24.5M75xas long as short
edgeX BNBUSDC+0.0100%4h803.30+0.092%$4.2M$77.0M30xas long as short
ApeX Omni BNBUSDT+0.0100%1h803.22+0.082%$158K$437K50xas long as short
Polymarket Perps BNB-USD+0.0100%1h802.74+0.022%$118K$868K10xas long as short
Orderly PERP_BNB_USDC+0.0100%8h802.95+0.048%$388K$593K50xas long as short
Derive BNB-PERP+0.0100%1h803.04+0.059%$32K$5K10xas long as short
SunX BNB-USDT+0.0100%8h803.49+0.116%$13K$1.7M50xas long as short
Deribit BNB_USDC-PERPETUAL+0.0100%1h803.42+0.107%$1.6M$165K25xas long as short
HTX BNB-USDT+0.0100%8h802.91+0.044%$8.2M$7.4M75xas long as short
Paradex BNB-USD-PERP+0.0100%8h803.54+0.122%$78K$19K50xas long as short
MEXC BNB_USDT+0.0103%8h803.90+0.167%$84.5M$13.5M200xas long as short
Binance BNBUSDT+0.0104%8h803.49+0.116%$518.2M$803.6M75xas long as short
Extended BNB-USDlong+0.0104%1h802.56long leg$1.9M$6.1M50x
Aevo BNB-PERP+0.0104%1h803.17+0.075%$386K$40K10xas long as short
SoDEX BNB-USD+0.0114%1h802.90+0.042%$395K$1.0M10xas long as short
Phemex BNBUSDT+0.0119%8h803.49+0.116%$70.1M$51.7M50xas long as short
Phoenix BNB+0.0125%1h803.50+0.117%$173K$35K10xas long as short
Hyperliquid BNB+0.0153%1h803.47+0.113%$51.6M$21.3M10xas long as short
Bulk BNB-USD+0.0194%1h803.61+0.131%$649K$11K10xas long as short
RISEx BNB/USDC+0.0209%1h803.27+0.089%$1.1M$1.4M20xas long as short
BloFin BNB-USDT+0.0224%8h803.58+0.127%$18.8M$3.0M75xas long as short
Hibachi BNB/USDT-P+0.0248%1h803.38+0.102%$71K$49K12xas long as short
dYdX BNB-USD+0.0249%1h803.00+0.055%$170K$55K10xas long as short
01 Exchange BNBUSD+0.0320%1h803.55+0.123%$28K$1K10xas long as short
Reya BNBRUSDPERP+0.0334%1h802.63+0.009%$6K$3K40xas long as short
Injective BNB/USDC PERP+0.0353%1h804.92+0.294%$19K$526K30xas long as short
Backpack BNB_USDC_PERP+0.0687%1h803.82+0.157%$3.0M$5.3M40xas long as short