Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%

Price spread now: Aevo against KuCoin+0.048%7-day average +0.020% · you sell dearer than you buy

Net, funding: paid 7d − costs−$42as in the Funding arb table

Net, price: spread back to 7d avg − costs−$44as in the Price arb table

costs, in and out, $10k−$460.464% of the position

Long on KuCoin Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 7 days+0.041%+$4 on $10k

Price spread, last 4 days (all we have)−0.059%−$6 · spread now +0.048%, 7d avg +0.020%

Together, before fees−0.018%−$2 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 0.028% dearer against KuCoin than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.020%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin BNBUSDTM	787.39	0.0100	pay 0.0100% / 8h	1h 07m	$27.7M	$10.2M	75x
Short	Aevo BNB-PERP	787.77	0.0104	get 0.0013% / 1h	7m 08s	$378K	$110K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against KuCoin. 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 KuCoinbpFee AevobpOrdersPrice spread, now +0.048%Rate

Funding earned: $0.84
Price spread: +0.048% → +0.020%: $2.8
Slippage, 4 orders: −$18.38
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$42.74
Costs to cover: 0.464%
Break-even: 363.1 days

Slippage from KuCoin: live order book, 2 min ago; Aevo: live order book, 37 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 KuCoin live order book, 2 min ago	0.44 bp	10.7 bp −$11	19.6 bp −$196	doesn't fit	doesn't fit
Sell Aevo live order book, 37 min ago	3.18 bp	12.4 bp −$12	18.0 bp −$180	22.1 bp −$2,214	doesn't fit

BNB on 45 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 −0.0170% / S +0.0337%	1h	787.65	+0.033%	$43K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	787.81	+0.053%	$4K	$42	25x	as long as short
StandX BNB-USD	0.0000%	1h	788.10	+0.090%	$850K	$2.7M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	787.69	+0.038%	$9.5M	—	150x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.248%	$19K	$789K	30x	as long as short
BingX BNB-USDC	+0.0049%	8h	787.63	+0.030%	—	$13.4M	—	as long as short
Aster BNBUSDT	+0.0050%	8h	788.31	+0.117%	$6.1M	$18.8M	200x	as long as short
MEXC BNB_USDT	+0.0059%	8h	788.90	+0.192%	$81.1M	$12.1M	200x	as long as short
Binance BNBUSDT	+0.0060%	8h	788.26	+0.110%	$490.6M	$820.0M	75x	as long as short
dYdX BNB-USD	+0.0063%	1h	787.28	−0.014%	$160K	$62K	10x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex BNBUSDT	+0.0074%	8h	788.33	+0.119%	$68.9M	$51.1M	50x	as long as short
Coinbase International BNB-PERP-INTX	+0.0080%	1h	787.46	+0.009%	$568K	$1.9M	50x	as long as short
Lighter BNB	+0.0096%	1h	787.98	+0.075%	$2.7M	$3.9M	20x	as long as short
Nado BNB-PERP	+0.0100%	1h	787.20	−0.024%	$1.4M	$2.7M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	788.38	+0.126%	$51.6M	$17.7M	10x	as long as short
Pacifica BNB	+0.0100%	1h	787.62	+0.029%	$1.2M	$933K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	787.60	+0.027%	$138.6M	$74.9M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	787.50	+0.014%	$53.7M	$113.2M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	787.70	+0.039%	$52K	$129K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	787.75	+0.046%	$37.9M	$59.5M	75x	as long as short
KuCoin BNBUSDTMlong	+0.0100%	8h	787.39	long leg	$27.7M	$10.2M	75x
Bitget BNBUSDT	+0.0100%	8h	787.64	+0.032%	$76.3M	$31.2M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	788.18	+0.100%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	787.00	−0.049%	$4.0M	$4.8M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	787.68	+0.036%	$4.1M	$76.4M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	787.74	+0.044%	$159K	$438K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	787.54	+0.019%	$132K	$951K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	787.74	+0.044%	$265K	$470K	50x	as long as short
SunX BNB-USDT	+0.0100%	8h	787.90	+0.065%	$12K	$1.5M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	788.00	+0.077%	$387K	$978K	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	787.77	+0.049%	$8.0M	$10.2M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	788.00	+0.077%	$78K	$18K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	787.38	−0.001%	$1.8M	$5.9M	50x	as long as short
Aevo BNB-PERPshort	+0.0104%	1h	787.77	+0.048%	$378K	$110K	10x
Kalshi KXBNBPERP	+0.0116%	8h	787.90	+0.065%	$170K	$2.7M	4.8x	as long as short
Phoenix BNB	+0.0135%	1h	787.68	+0.037%	$169K	$35K	10x	as long as short
BloFin BNB-USDT	+0.0180%	8h	788.23	+0.107%	$17.7M	$2.2M	75x	as long as short
Kraken Futures PF_BNBUSD	+0.0205%	1h	787.70	+0.040%	$2.5M	$1.2M	50x	as long as short
Bulk BNB-USD	+0.0222%	1h	787.85	+0.058%	$639K	$831	10x	as long as short
GRVT BNB_USDT_Perp	+0.0228%	8h	787.96	+0.072%	$2.9M	$29.3M	10x	as long as short
01 Exchange BNBUSD	+0.0248%	1h	788.08	+0.088%	$28K	$4K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	788.16	+0.098%	$1.5M	$145K	25x	as long as short
Reya BNBRUSDPERP	+0.0321%	1h	787.41	+0.002%	$6K	$3K	40x	as long as short
RISEx BNB/USDC	+0.0438%	1h	787.69	+0.038%	$1.1M	$915K	20x	as long as short
Hibachi BNB/USDT-P	+0.0480%	1h	787.72	+0.042%	$67K	$39K	12x	as long as short