Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: Aevo against Gate+0.036%7-day average +0.026% · you sell dearer than you buy

Net, funding: paid 7d − costs−$39as in the Funding arb table

Net, price: spread back to 7d avg − costs−$45as in the Price arb table

costs, in and out, $10k−$460.461% of the position

Long on Gate Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 7 days+0.073%+$7 on $10k

Price spread, last 3 days (all we have)−0.061%−$6 · spread now +0.036%, 7d avg +0.026%

Together, before fees+0.012%+$1 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate BNB_USDT	798.20	0.0100	pay 0.0100% / 8h	10m 16s	$35.8M	$58.5M	75x
Short	Aevo BNB-PERP	798.49	0.0104	get 0.0013% / 1h	10m 16s	$384K	$40K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Gate. 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 GatebpFee AevobpOrdersPrice spread, now +0.036%Rate

Funding earned: $0.84
Price spread: +0.036% → +0.026%: $0.98
Slippage, 4 orders: −$15.07
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$44.24
Costs to cover: 0.461%
Break-even: 375.7 days

Slippage from Gate: live order book, 4 min ago; Aevo: live order book, 4 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 Gate live order book, 4 min ago	0.31 bp	10.7 bp −$11	13.4 bp −$134	28.9 bp −$2,893	56.5 bp −$28.3K
Sell Aevo live order book, 4 min ago	2.82 bp	14.1 bp −$14	19.7 bp −$197	24.0 bp −$2,398	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 −0.0201% / S +0.0372%	1h	798.27	+0.009%	$47K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	798.31	+0.014%	$4K	$1K	25x	as long as short
Kraken Futures PF_BNBUSD	−0.0074%	1h	798.18	−0.002%	$2.5M	$974K	50x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	798.80	+0.075%	$3.0M	$27.9M	10x	as long as short
StandX BNB-USD	0.0000%	1h	798.86	+0.083%	$863K	$2.9M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	798.36	+0.021%	$9.7M	—	150x	as long as short
Variational Omni BNB	+0.0008%	8h	797.53	−0.083%	$4.0M	$5.4M	—	as long as short
BingX BNB-USDC	+0.0033%	8h	798.41	+0.026%	—	$13.3M	—	as long as short
Bybit BNBUSDT	+0.0039%	8h	797.93	−0.034%	$138.5M	$76.9M	75x	as long as short
Coinbase International BNB-PERP-INTX	+0.0072%	1h	798.14	−0.008%	$601K	$984K	50x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster BNBUSDT	+0.0082%	8h	798.87	+0.084%	$6.2M	$19.1M	200x	as long as short
Lighter BNB	+0.0096%	1h	798.57	+0.046%	$2.8M	$4.1M	20x	as long as short
Phemex BNBUSDT	+0.0099%	8h	798.81	+0.076%	$69.9M	$50.6M	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	798.33	+0.017%	$1.4M	$2.7M	20x	as long as short
Pacifica BNB	+0.0100%	1h	798.56	+0.045%	$1.2M	$926K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	798.10	−0.013%	$54.3M	$112.7M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	798.80	+0.075%	$53K	$133K	10x	as long as short
Gate BNB_USDTlong	+0.0100%	8h	798.20	long leg	$35.8M	$58.5M	75x
KuCoin BNBUSDTM	+0.0100%	8h	798.47	+0.034%	$28.0M	$10.2M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	798.10	−0.013%	$79.0M	$27.5M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	798.97	+0.096%	$4.1M	$76.2M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	799.19	+0.124%	$161K	$438K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	798.51	+0.039%	$116K	$874K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	798.28	+0.010%	$386K	$494K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	798.48	+0.035%	$32K	$5K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	798.85	+0.081%	$13K	$1.7M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	798.50	+0.038%	$393K	$1.0M	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	798.42	+0.027%	$8.2M	$8.0M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	799.20	+0.125%	$78K	$19K	50x	as long as short
MEXC BNB_USDT	+0.0103%	8h	799.30	+0.138%	$83.0M	$13.6M	200x	as long as short
Binance BNBUSDT	+0.0104%	8h	798.80	+0.075%	$497.6M	$817.9M	75x	as long as short
Extended BNB-USD	+0.0104%	1h	797.97	−0.029%	$1.7M	$6.5M	50x	as long as short
Aevo BNB-PERPshort	+0.0104%	1h	798.49	+0.036%	$384K	$40K	10x
Phoenix BNB	+0.0127%	1h	799.20	+0.125%	$172K	$36K	10x	as long as short
Kalshi KXBNBPERP	+0.0143%	8h	798.90	+0.088%	$90K	$2.9M	4.8x	as long as short
Hibachi BNB/USDT-P	+0.0168%	1h	798.13	−0.009%	$70K	$43K	12x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0200%	1h	798.80	+0.075%	$1.6M	$165K	25x	as long as short
Bulk BNB-USD	+0.0214%	1h	799.38	+0.148%	$649K	$17K	10x	as long as short
BloFin BNB-USDT	+0.0224%	8h	798.50	+0.038%	$18.1M	$2.5M	75x	as long as short
Hyperliquid BNB	+0.0229%	1h	799.18	+0.123%	$52.4M	$21.3M	10x	as long as short
RISEx BNB/USDC	+0.0258%	1h	798.60	+0.049%	$1.1M	$1.4M	20x	as long as short
01 Exchange BNBUSD	+0.0272%	1h	799.16	+0.120%	$28K	$1K	10x	as long as short
Injective BNB/USDC PERP	+0.0306%	1h	805.09	+0.863%	$19K	$789K	30x	as long as short
Reya BNBRUSDPERP	+0.0331%	1h	797.97	−0.029%	$6K	$3K	40x	as long as short
dYdX BNB-USD	+0.0342%	1h	798.04	−0.021%	$161K	$63K	10x	as long as short
Backpack BNB_USDC_PERP	+0.0343%	1h	798.63	+0.054%	$2.7M	$5.7M	40x	as long as short