BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0003%/8h= −0.3% APRnext payment −$0.00 per $10,000 · paid last 24h −0.056%

Price spread now: Aevo against Hyperliquid−0.058%7-day average −0.031% · you buy dearer than you sell

Net, funding: paid 7d − costs−$86as in the Funding arb table

Net, price: spread back to 7d avg − costs−$89as in the Price arb table

costs, in and out, $10k−$860.860% of the position

Long on Hyperliquid Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 7 days+0.005%$0 on $10k

Price spread, last 3 days (all we have)−0.113%−$11 · spread now −0.058%, 7d avg −0.031%

Together, before fees−0.109%+ Points / potential airdropHyperliquid: Season 2 · farm board−$11 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Aevo is 0.026% cheaper against Hyperliquid than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.031%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid BNB	806.34	0.0107	pay 0.0013% / 1h	56m 01s	$51.9M	$22.0M	10x
Short	Aevo BNB-PERP	805.87	0.0104	get 0.0013% / 1h	56m 01s	$387K	$40K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Hyperliquid. 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 HyperliquidbpFee AevobpOrdersPrice spread, now −0.058%Rate

Funding earned: −$0.64
Price spread: −0.058% → −0.031%: −$2.64
Slippage, 4 orders: −$60.98
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$89.27
Costs to cover: 0.860%
Break-even: never at this rate

Slippage from Hyperliquid: live order book, 7 min ago; Aevo: live order book, 28 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 Hyperliquid live order book, 7 min ago	0.06 bp	5.9 bp −$6	doesn't fit	doesn't fit	doesn't fit
Sell Aevo live order book, 28 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	805.56	−0.096%	$49K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	806.36	+0.002%	$4K	$1K	25x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	805.06	−0.158%	$3.0M	$29.5M	10x	as long as short
Kalshi KXBNBPERP	0.0000%	8h	805.60	−0.092%	$108K	$2.5M	4.8x	as long as short
StandX BNB-USD	0.0000%	1h	804.39	−0.242%	$869K	$2.8M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	805.66	−0.084%	$9.8M	—	150x	as long as short
Hibachi BNB/USDT-P	+0.0008%	1h	804.69	−0.204%	$71K	$48K	12x	as long as short
Variational Omni BNB	+0.0047%	8h	804.12	−0.275%	$4.1M	$5.3M	—	as long as short
BingX BNB-USDC	+0.0056%	8h	805.33	−0.125%	—	$13.3M	—	as long as short
Bybit BNBUSDT	+0.0080%	8h	805.50	−0.104%	$139.4M	$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	805.81	−0.066%	$2.8M	$4.2M	20x	as long as short
Coinbase International BNB-PERP-INTX	+0.0096%	1h	805.76	−0.072%	$608K	$882K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	805.67	−0.083%	$1.5M	$2.8M	20x	as long as short
Pacifica BNB	+0.0100%	1h	805.95	−0.048%	$1.2M	$925K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	805.70	−0.079%	$55.2M	$116.2M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	806.20	−0.017%	$53K	$170K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	805.65	−0.086%	$36.2M	$57.0M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	805.53	−0.100%	$28.2M	$10.5M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	805.40	−0.117%	$79.0M	$24.8M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	804.99	−0.168%	$4.2M	$76.2M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	805.23	−0.138%	$159K	$437K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	805.61	−0.091%	$116K	$870K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	805.67	−0.083%	$389K	$592K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	805.90	−0.055%	$32K	$5K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	804.87	−0.183%	$13K	$1.7M	50x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0100%	1h	806.11	−0.029%	$1.6M	$165K	25x	as long as short
HTX BNB-USDT	+0.0100%	8h	805.75	−0.074%	$8.2M	$7.6M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	806.29	−0.006%	$79K	$19K	50x	as long as short
Aster BNBUSDT	+0.0100%	8h	806.29	−0.007%	$6.4M	$18.8M	200x	as long as short
Extended BNB-USD	+0.0104%	1h	805.37	−0.120%	$1.9M	$5.9M	50x	as long as short
Aevo BNB-PERPshort	+0.0104%	1h	805.87	−0.058%	$387K	$40K	10x
Hyperliquid BNBlong	+0.0107%	1h	806.34	long leg	$51.9M	$22.0M	10x
MEXC BNB_USDT	+0.0116%	8h	806.60	+0.032%	$84.6M	$13.3M	200x	as long as short
Binance BNBUSDT	+0.0116%	8h	806.47	+0.016%	$520.8M	$805.7M	75x	as long as short
Phoenix BNB	+0.0125%	1h	805.17	−0.145%	$173K	$35K	10x	as long as short
Phemex BNBUSDT	+0.0137%	8h	806.23	−0.014%	$70.4M	$51.9M	50x	as long as short
dYdX BNB-USD	+0.0140%	1h	805.79	−0.069%	$162K	$63K	10x	as long as short
SoDEX BNB-USD	+0.0158%	1h	805.70	−0.079%	$396K	$1.0M	10x	as long as short
Kraken Futures PF_BNBUSD	+0.0205%	1h	805.54	−0.099%	$2.5M	$932K	50x	as long as short
BloFin BNB-USDT	+0.0236%	8h	805.52	−0.102%	$18.9M	$3.1M	75x	as long as short
Bulk BNB-USD	+0.0273%	1h	805.26	−0.134%	$650K	$14K	10x	as long as short
Injective BNB/USDC PERP	+0.0311%	1h	805.09	−0.155%	$19K	$789K	30x	as long as short
RISEx BNB/USDC	+0.0318%	1h	806.04	−0.037%	$1.1M	$1.4M	20x	as long as short
Reya BNBRUSDPERP	+0.0333%	1h	805.33	−0.126%	$6K	$3K	40x	as long as short
01 Exchange BNBUSD	+0.0336%	1h	806.51	+0.021%	$29K	$1K	10x	as long as short
Backpack BNB_USDC_PERP	+0.0698%	1h	806.74	+0.050%	$3.0M	$5.5M	40x	as long as short