Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0172%/8h= +18.8% APRpaid last 24h −0.014%

Price spread now: Aster against Kraken Futures+0.073%7-day average +0.090% · you sell dearer than you buy

Net, funding: paid 7d − costs−$27as in the Funding arb table

Net, price: spread back to 7d avg − costs−$29as in the Price arb table

costs, in and out, $10k−$280.276% of the position

Long on Kraken Futures Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days+0.010%+$1 on $10k

Price spread, last 3 days (all we have)+0.046%+$5 · spread now +0.073%, 7d avg +0.090%

Together, before fees+0.056%+ Points / potential airdropAster: Stage 5 · farm board+$6 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.090%, so right now this pair is about funding alone: +$5 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_BNBUSD	798.89	−0.0121	get 0.0015% / 1h	15m 56s	$2.5M	$1.0M	50x
Short	Aster BNBUSDT	799.48	0.0052	get 0.0052% / 8h	7h 15m	$6.1M	$19.4M	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Kraken Futures. 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 Kraken FuturesbpFee AsterbpOrdersPrice spread, now +0.073%Rate

Funding earned: $36.15
Price spread: +0.073% → +0.090%: −$1.63
Slippage, 4 orders: −$9.6
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: $6.91
Costs to cover: 0.276%
Break-even: 5.7 days

Slippage from Kraken Futures: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Kraken Futures live order book, 3 min ago	3.20 bp	8.2 bp −$8	11.3 bp −$113	32.7 bp −$3,272	103.2 bp −$51.6K
Sell Aster live order book, 3 min ago	0.50 bp	5.4 bp −$5	7.1 bp −$71	20.0 bp −$1,998	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 −0.0159% / S +0.0335%	1h	798.65	−0.031%	$47K	—	200x	as long as short
Kraken Futures PF_BNBUSDlong	−0.0121%	1h	798.89	long leg	$2.5M	$1.0M	50x
Hotstuff BNB-PERP	−0.0080%	1h	798.43	−0.058%	$4K	$239	25x	as long as short
Gate BNB_USDT	0.0000%	8h	798.55	−0.043%	$35.9M	$56.9M	75x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	798.85	−0.005%	$3.0M	$27.9M	10x	as long as short
StandX BNB-USD	0.0000%	1h	798.98	+0.011%	$863K	$2.9M	30x	as long as short
Variational Omni BNB	+0.0005%	8h	798.43	−0.059%	$4.1M	$5.0M	—	as long as short
BingX BNB-USDT	+0.0007%	8h	798.97	+0.009%	—	$35.0M	—	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	798.65	−0.031%	$9.7M	—	150x	as long as short
Phemex BNBUSDT	+0.0023%	8h	799.53	+0.080%	$69.8M	$50.2M	50x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit BNBUSDT	+0.0030%	8h	798.60	−0.037%	$138.7M	$76.3M	75x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+0.775%	$19K	$789K	30x	as long as short
Coinbase International BNB-PERP-INTX	+0.0048%	1h	799.07	+0.022%	$615K	$1.1M	50x	as long as short
Aster BNBUSDTshort	+0.0052%	8h	799.48	+0.073%	$6.1M	$19.4M	200x
MEXC BNB_USDT	+0.0074%	8h	799.70	+0.101%	$83.2M	$13.7M	200x	as long as short
Binance BNBUSDT	+0.0075%	8h	799.39	+0.061%	$496.3M	$811.1M	75x	as long as short
Lighter BNB	+0.0096%	1h	799.12	+0.028%	$2.8M	$4.0M	20x	as long as short
Phoenix BNB	+0.0099%	1h	799.13	+0.029%	$172K	$36K	10x	as long as short
Nado BNB-PERP	+0.0100%	1h	798.45	−0.056%	$1.5M	$2.7M	20x	as long as short
Pacifica BNB	+0.0100%	1h	798.98	+0.011%	$1.2M	$937K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	798.50	−0.049%	$54.2M	$111.0M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	799.10	+0.026%	$53K	$133K	10x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	798.75	−0.018%	$27.9M	$10.0M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	798.39	−0.063%	$78.2M	$28.1M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	798.91	+0.001%	$4.2M	$76.7M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	798.95	+0.007%	$161K	$435K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	798.67	−0.028%	$113K	$884K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	798.73	−0.021%	$386K	$459K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	798.86	−0.005%	$32K	$5K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	799.43	+0.067%	$13K	$1.6M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	798.90	+0.001%	$393K	$997K	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	798.45	−0.056%	$8.2M	$8.3M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	799.39	+0.061%	$78K	$18K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	798.58	−0.040%	$1.8M	$6.0M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	798.82	−0.009%	$384K	$110K	10x	as long as short
Bulk BNB-USD	+0.0138%	1h	797.80	−0.137%	$648K	$10K	10x	as long as short
RISEx BNB/USDC	+0.0155%	1h	798.90	+0.001%	$1.1M	$1.4M	20x	as long as short
Kalshi KXBNBPERP	+0.0159%	8h	799.30	+0.051%	$90K	$2.8M	4.8x	as long as short
BloFin BNB-USDT	+0.0195%	8h	798.84	−0.007%	$18.1M	$2.6M	75x	as long as short
dYdX BNB-USD	+0.0198%	1h	798.51	−0.048%	$161K	$63K	10x	as long as short
01 Exchange BNBUSD	+0.0200%	1h	799.33	+0.054%	$28K	$1K	10x	as long as short
Hibachi BNB/USDT-P	+0.0280%	1h	797.79	−0.139%	$68K	$38K	12x	as long as short
Hyperliquid BNB	+0.0293%	1h	799.60	+0.088%	$53.1M	$20.3M	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	799.24	+0.044%	$1.6M	$161K	25x	as long as short
Reya BNBRUSDPERP	+0.0330%	1h	798.46	−0.055%	$6K	$3K	40x	as long as short
Backpack BNB_USDC_PERP	+0.0427%	1h	799.61	+0.090%	$2.7M	$5.7M	40x	as long as short