Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0041%/8h= −4.5% APRpaid last 24h +0.031%

Price spread now: Aevo against GRVT−0.075%7-day average −0.075% · you buy dearer than you sell

Net, funding: paid 7d − costs−$33as in the Funding arb table

Net, price: spread back to 7d avg − costs−$36as in the Price arb table

costs, in and out, $10k−$360.359% of the position

Long on GRVT Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 7 days+0.031%+$3 on $10k

Price spread, last 4 days (all we have)−0.079%−$8 · spread now −0.075%, 7d avg −0.075%

Together, before fees−0.048%+ Points / potential airdropGRVT: Active · farm board−$5 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.075%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT BNB_USDT_Perp	792.31	0.0145	pay 0.0145% / 8h	4h 28m	$3.0M	$28.5M	10x
Short	Aevo BNB-PERP	791.71	0.0104	get 0.0013% / 1h	28m 29s	$380K	$110K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against GRVT. 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 GRVTbpFee AevobpOrdersPrice spread, now −0.075%Rate

Funding earned: −$8.61
Price spread: −0.075% → −0.075%: −$0.05
Slippage, 4 orders: −$10.87
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$44.54
Costs to cover: 0.359%
Break-even: never at this rate

Slippage from GRVT: live order book, 6 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 GRVT live order book, 6 min ago	0.06 bp	4.6 bp −$5	5.6 bp −$56	21.2 bp −$2,119	doesn't fit
Sell Aevo live order book, 31 min ago	2.84 bp	13.1 bp −$13	19.1 bp −$191	23.6 bp −$2,357	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 −0.0186% / S +0.0351%	1h	791.60	−0.089%	$46K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	791.84	−0.059%	$4K	$42	25x	as long as short
StandX BNB-USD	0.0000%	1h	791.63	−0.085%	$854K	$3.2M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	791.62	−0.086%	$9.5M	—	150x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+1.614%	$19K	$789K	30x	as long as short
Aster BNBUSDT	+0.0044%	8h	791.53	−0.098%	$6.1M	$18.7M	200x	as long as short
BingX BNB-USDC	+0.0052%	8h	791.40	−0.114%	—	$13.3M	—	as long as short
Phemex BNBUSDT	+0.0063%	8h	792.05	−0.032%	$69.3M	$49.9M	50x	as long as short
Coinbase International BNB-PERP-INTX	+0.0064%	1h	789.45	−0.360%	$582K	$1.9M	50x	as long as short
MEXC BNB_USDT	+0.0066%	8h	791.80	−0.064%	$80.3M	$12.3M	200x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance BNBUSDT	+0.0067%	8h	791.62	−0.087%	$494.4M	$788.7M	75x	as long as short
Lighter BNB	+0.0096%	1h	791.19	−0.140%	$2.7M	$3.8M	20x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	791.68	−0.079%	$266K	$492K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	790.95	−0.171%	$1.5M	$2.6M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	791.58	−0.092%	$51.9M	$17.6M	10x	as long as short
Pacifica BNB	+0.0100%	1h	791.33	−0.123%	$1.2M	$931K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	791.00	−0.165%	$139.1M	$74.6M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	790.60	−0.215%	$53.5M	$111.4M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	791.30	−0.127%	$52K	$130K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	790.90	−0.177%	$35.4M	$56.9M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	791.03	−0.161%	$27.7M	$10.3M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	790.57	−0.219%	$76.5M	$30.1M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	791.63	−0.085%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	791.31	−0.125%	$4.1M	$4.6M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	791.99	−0.040%	$4.1M	$73.7M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	790.95	−0.171%	$159K	$440K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	790.92	−0.175%	$134K	$950K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	791.76	−0.068%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	792.04	−0.033%	$12K	$1.5M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	791.80	−0.064%	$389K	$1.0M	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	791.71	−0.075%	$8.1M	$9.4M	75x	as long as short
Paradex BNB-USD-PERP	+0.0101%	8h	791.89	−0.053%	$77K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	790.75	−0.197%	$1.8M	$5.9M	50x	as long as short
Aevo BNB-PERPshort	+0.0104%	1h	791.71	−0.075%	$380K	$110K	10x
Phoenix BNB	+0.0117%	1h	791.77	−0.068%	$170K	$35K	10x	as long as short
dYdX BNB-USD	+0.0138%	1h	790.94	−0.172%	$160K	$64K	10x	as long as short
GRVT BNB_USDT_Perplong	+0.0145%	8h	792.31	long leg	$3.0M	$28.5M	10x
Kalshi KXBNBPERP	+0.0180%	8h	792.00	−0.039%	$125K	$2.7M	4.8x	as long as short
BloFin BNB-USDT	+0.0187%	8h	792.22	−0.011%	$18.2M	$2.2M	75x	as long as short
01 Exchange BNBUSD	+0.0232%	1h	791.54	−0.097%	$28K	$4K	10x	as long as short
Bulk BNB-USD	+0.0245%	1h	789.82	−0.314%	$640K	$9K	10x	as long as short
Kraken Futures PF_BNBUSD	+0.0263%	1h	791.59	−0.090%	$2.5M	$1.2M	50x	as long as short
Reya BNBRUSDPERP	+0.0326%	1h	790.45	−0.234%	$6K	$3K	40x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0400%	1h	792.18	−0.016%	$1.5M	$143K	25x	as long as short
Hibachi BNB/USDT-P	+0.0424%	1h	791.66	−0.082%	$68K	$38K	12x	as long as short
RISEx BNB/USDC	+0.0461%	1h	791.43	−0.111%	$1.1M	$973K	20x	as long as short