Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%

Price spread now: Aevo against OKX−0.023%7-day average +0.033% · you buy dearer than you sell

Net, funding: paid 7d − costs−$69as in the Funding arb table

Net, price: spread back to 7d avg − costs−$80as in the Price arb table

costs, in and out, $10k−$740.744% of the position

Long on OKX Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 7 days+0.058%+$6 on $10k

Price spread, last 4 days (all we have)+0.017%+$2 · spread now −0.023%, 7d avg +0.033%

Together, before fees+0.076%+$8 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 0.056% cheaper against OKX than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of +0.033%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX BNB-USDT-SWAP	785.30	0.0100	pay 0.0100% / 8h	2h 38m	$53.3M	$112.0M	50x
Short	Aevo BNB-PERP	785.12	0.0104	get 0.0013% / 1h	38m 00s	$377K	$110K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against OKX. 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 OKXbpFee AevobpOrdersPrice spread, now −0.023%Rate

Funding earned: $0.84
Price spread: −0.023% → +0.033%: −$5.55
Slippage, 4 orders: −$48.41
Fee OKX: 5 bp × 2 orders: −$10
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$79.13
Costs to cover: 0.744%
Break-even: 666.4 days

Slippage from OKX: live order book, 1 min ago; Aevo: live order book, 11 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 OKX live order book, 1 min ago	0.64 bp	6.9 bp −$7	9.0 bp −$90	24.0 bp −$2,402	doesn't fit
Sell Aevo live order book, 11 min ago	8.25 bp	32.1 bp −$32	37.8 bp −$378	58.2 bp −$5,821	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 −0.0192% / S +0.0356%	1h	784.85	−0.057%	$46K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	784.37	−0.118%	$4K	$42	25x	as long as short
StandX BNB-USD	0.0000%	1h	784.80	−0.064%	$846K	$3.0M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	784.93	−0.047%	$9.5M	—	150x	as long as short
Aster BNBUSDT	+0.0028%	8h	785.78	+0.061%	$6.1M	$19.0M	200x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.520%	$19K	$789K	30x	as long as short
BingX BNB-USDC	+0.0041%	8h	785.16	−0.018%	—	$13.4M	—	as long as short
Phemex BNBUSDT	+0.0049%	8h	785.90	+0.076%	$68.8M	$50.6M	50x	as long as short
MEXC BNB_USDT	+0.0051%	8h	786.00	+0.089%	$79.7M	$11.8M	200x	as long as short
Binance BNBUSDT	+0.0051%	8h	785.96	+0.084%	$489.3M	$808.7M	75x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_BNBUSD	+0.0069%	1h	785.17	−0.016%	$2.5M	$1.2M	50x	as long as short
Coinbase International BNB-PERP-INTX	+0.0080%	1h	784.52	−0.099%	$576K	$1.9M	50x	as long as short
dYdX BNB-USD	+0.0089%	1h	784.38	−0.117%	$159K	$61K	10x	as long as short
Lighter BNB	+0.0096%	1h	785.48	+0.023%	$2.7M	$3.8M	20x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	785.01	−0.037%	$264K	$490K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	784.95	−0.045%	$1.4M	$2.7M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	785.86	+0.071%	$51.6M	$17.5M	10x	as long as short
Pacifica BNB	+0.0100%	1h	785.02	−0.036%	$1.2M	$933K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	785.23	−0.009%	$137.9M	$74.5M	75x	as long as short
OKX BNB-USDT-SWAPlong	+0.0100%	8h	785.30	long leg	$53.3M	$112.0M	50x
Arcus BNB-USD	+0.0100%	1h	785.10	−0.025%	$52K	$129K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	785.25	−0.006%	$36.2M	$58.3M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	784.96	−0.043%	$27.5M	$10.2M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	785.07	−0.029%	$76.0M	$30.8M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	785.75	+0.057%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	784.43	−0.111%	$4.1M	$4.6M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	786.49	+0.152%	$4.1M	$74.5M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	785.35	+0.006%	$158K	$439K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	784.98	−0.041%	$131K	$952K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	785.13	−0.022%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	785.59	+0.037%	$12K	$1.5M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	785.20	−0.013%	$386K	$995K	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	784.73	−0.072%	$8.0M	$9.9M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	785.11	−0.025%	$76K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	784.74	−0.071%	$1.8M	$6.4M	50x	as long as short
Aevo BNB-PERPshort	+0.0104%	1h	785.12	−0.023%	$377K	$110K	10x
Phoenix BNB	+0.0107%	1h	785.21	−0.011%	$169K	$35K	10x	as long as short
Kalshi KXBNBPERP	+0.0135%	8h	785.40	+0.013%	$141K	$2.7M	4.8x	as long as short
BloFin BNB-USDT	+0.0171%	8h	784.84	−0.059%	$17.7M	$2.2M	75x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0200%	1h	785.48	+0.023%	$1.5M	$143K	25x	as long as short
GRVT BNB_USDT_Perp	+0.0202%	8h	785.56	+0.033%	$2.9M	$29.3M	10x	as long as short
Bulk BNB-USD	+0.0256%	1h	786.23	+0.118%	$637K	$10K	10x	as long as short
01 Exchange BNBUSD	+0.0288%	1h	785.64	+0.043%	$28K	$4K	10x	as long as short
Reya BNBRUSDPERP	+0.0323%	1h	784.92	−0.049%	$6K	$3K	40x	as long as short
RISEx BNB/USDC	+0.0432%	1h	785.25	−0.007%	$1.1M	$909K	20x	as long as short
Hibachi BNB/USDT-P	+0.0480%	1h	784.67	−0.081%	$67K	$39K	12x	as long as short