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

BNB

all BNB markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC+0.0022%/8h= +2.4% APRpaid last 24h +0.005%
Price spread now: Aster against Injective−0.784%7-day average +0.408% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days+0.154%+$15 on $10k
Price spread, last 3 days (all we have)+1.297%+$130 · spread now −0.784%, 7d avg +0.408%
Together, before fees+1.451%+ Points / potential airdropAster: Stage 5 · farm board+$145 on $10k · with fees, hour by hour
Funding pays, the price is against you. Aster is 1.193% cheaper against Injective than usual: you would sell low and buy high (spread −0.784% now, against its 7-day average of +0.408%). If the spread goes back, that is −$119 on $10k: about 6 months of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.154% in total) that is about 54 days.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongInjective BNB/USDC PERP805.090.0033pay 0.0004% / 1h21m 04s$19K$789K30x
ShortAster BNBUSDT798.780.0055get 0.0055% / 8h7h 21m$6.2M$19.4M200x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aster against Injective. 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
$4.64
Price spread: −0.784% → +0.408%
−$119.25
Slippage, 4 orders
no order book: not counted
Fee Injective: 0.01 bp × 2 orders
−$0.02
Fee Aster: 4 bp × 2 orders
−$8
Net
−$122.63
Costs to cover
0.080%
Break-even
192.0 days
Slippage unknown: Injective: no order-book sample; Aster: live order book, 3 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Injective no order-book sample
Sell Aster live order book, 3 min ago0.69 bp4.9 bp −$56.0 bp −$6018.5 bp −$1,847doesn't fit
Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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 −0.0159% / S +0.0335%1h798.30−0.844%$47K200xas long as short
Kraken Futures PF_BNBUSD−0.0121%1h798.41−0.830%$2.5M$1.0M50xas long as short
Hotstuff BNB-PERP−0.0080%1h798.95−0.763%$4K$23925xas long as short
BingX BNB-USDC−0.0024%8h798.59−0.807%$13.4Mas long as short
GRVT BNB_USDT_Perp0.0000%8h800.63−0.554%$3.0M$27.7M10xas long as short
StandX BNB-USD0.0000%1h799.35−0.713%$864K$2.9M30xas long as short
Variational Omni BNB+0.0004%8h797.72−0.916%$4.1M$5.0Mas long as short
gTrade (Gains Network) BNB/USDL +0.0008% / S −0.0007%1h798.24−0.851%$9.7M150xas long as short
Phemex BNBUSDT+0.0009%8h798.92−0.766%$69.8M$50.0M50xas long as short
Gate BNB_USDT+0.0010%8h798.00−0.881%$35.7M$56.7M75xas long as short
Show all 46 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit BNBUSDT+0.0014%8h798.20−0.856%$138.7M$76.3M75xas long as short
Injective BNB/USDC PERPlong+0.0033%1h805.09long leg$19K$789K30x
Coinbase International BNB-PERP-INTX+0.0048%1h799.07−0.748%$615K$1.1M50xas long as short
Aster BNBUSDTshort+0.0055%8h798.78−0.784%$6.2M$19.4M200x
Binance BNBUSDT+0.0077%8h798.79−0.782%$495.9M$811.4M75xas long as short
MEXC BNB_USDT+0.0078%8h799.20−0.732%$83.1M$13.7M200xas long as short
Lighter BNB+0.0096%1h798.55−0.813%$2.8M$4.0M20xas long as short
Phoenix BNB+0.0099%1h799.13−0.740%$172K$36K10xas long as short
Nado BNB-PERP+0.0100%1h798.25−0.850%$1.5M$2.7M20xas long as short
Pacifica BNB+0.0100%1h798.83−0.778%$1.2M$924K20xas long as short
OKX BNB-USDT-SWAP+0.0100%8h798.20−0.856%$54.2M$111.0M50xas long as short
Arcus BNB-USD+0.0100%1h798.90−0.769%$53K$133K10xas long as short
KuCoin BNBUSDTM+0.0100%8h798.23−0.852%$27.9M$10.1M75xas long as short
Bitget BNBUSDT+0.0100%8h798.05−0.874%$78.2M$28.1M75xas long as short
edgeX BNBUSDC+0.0100%4h800.04−0.627%$4.2M$76.7M30xas long as short
ApeX Omni BNBUSDT+0.0100%1h799.98−0.635%$161K$436K50xas long as short
Polymarket Perps BNB-USD+0.0100%1h798.35−0.837%$113K$884K10xas long as short
Orderly PERP_BNB_USDC+0.0100%8h798.26−0.848%$386K$459K50xas long as short
Derive BNB-PERP+0.0100%1h798.39−0.832%$32K$5K10xas long as short
SunX BNB-USDT+0.0100%8h798.94−0.764%$13K$1.6M50xas long as short
SoDEX BNB-USD+0.0100%1h798.50−0.819%$393K$998K10xas long as short
HTX BNB-USDT+0.0100%8h798.09−0.869%$8.2M$8.3M75xas long as short
Paradex BNB-USD-PERP+0.0100%8h799.17−0.735%$78K$18K50xas long as short
Extended BNB-USD+0.0104%1h798.12−0.866%$1.8M$6.0M50xas long as short
Aevo BNB-PERP+0.0104%1h798.42−0.828%$384K$110K10xas long as short
Bulk BNB-USD+0.0127%1h799.28−0.722%$649K$10K10xas long as short
RISEx BNB/USDC+0.0155%1h798.55−0.812%$1.1M$1.4M20xas long as short
Kalshi KXBNBPERP+0.0156%8h799.20−0.732%$90K$2.8M4.8xas long as short
BloFin BNB-USDT+0.0197%8h798.81−0.780%$18.0M$2.6M75xas long as short
01 Exchange BNBUSD+0.0200%1h798.75−0.787%$28K$1K10xas long as short
Deribit BNB_USDC-PERPETUAL+0.0200%1h798.74−0.789%$1.6M$161K25xas long as short
dYdX BNB-USD+0.0202%1h799.08−0.746%$161K$63K10xas long as short
Hibachi BNB/USDT-P+0.0256%1h799.00−0.756%$68K$38K12xas long as short
Hyperliquid BNB+0.0300%1h799.06−0.749%$53.1M$20.3M10xas long as short
Reya BNBRUSDPERP+0.0330%1h797.81−0.904%$6K$3K40xas long as short
Backpack BNB_USDC_PERP+0.0400%1h799.37−0.710%$2.7M$5.7M40xas long as short