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

BNB

all BNB markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%
Price spread now: Aevo against Orderly+0.032%7-day average −0.023% · you sell dearer than you buy
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+0.009%+$1 on $10k
Price spread, last 3 days (all we have)−0.038%−$4 · spread now +0.032%, 7d avg −0.023%
Together, before fees−0.029%−$3 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 0.054% dearer against Orderly than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.023%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOrderly PERP_BNB_USDC801.930.0100pay 0.0100% / 8h58m 04s$388K$489K50x
ShortAevo BNB-PERP802.180.0104get 0.0013% / 1h58m 04s$385K$40K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aevo against Orderly. 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
$0.84
Price spread: +0.032% → −0.023%
$5.42
Slippage, 4 orders
no order book: not counted
Fee Orderly: 3 bp × 2 orders
−$6
Fee Aevo: 8 bp × 2 orders
−$16
Net
−$15.74
Costs to cover
0.220%
Break-even
138.2 days
Slippage unknown: Orderly: no order-book sample; Aevo: live order book, 21 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 Orderly no order-book sample
Sell Aevo live order book, 21 min ago11.55 bp24.9 bp −$2526.8 bp −$26846.4 bp −$4,638doesn't fit
Orderly: 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 −0.0201% / S +0.0372%1h801.85−0.010%$48K200xas long as short
Hotstuff BNB-PERP−0.0080%1h802.08+0.019%$4K$1K25xas long as short
Kraken Futures PF_BNBUSD−0.0074%1h801.59−0.043%$2.6M$969K50xas long as short
GRVT BNB_USDT_Perp0.0000%8h800.99−0.117%$3.0M$28.4M10xas long as short
StandX BNB-USD0.0000%1h802.01+0.010%$867K$2.9M30xas long as short
gTrade (Gains Network) BNB/USDL +0.0008% / S −0.0007%1h801.90−0.003%$9.8M150xas long as short
Variational Omni BNB+0.0031%8h800.04−0.235%$4.2M$5.4Mas long as short
BingX BNB-USDC+0.0052%8h801.90−0.004%$13.3Mas long as short
Bybit BNBUSDT+0.0066%8h801.55−0.047%$139.3M$78.6M75xas long as short
Coinbase International BNB-PERP-INTX+0.0072%1h800.72−0.151%$607K$998K50xas long as short
Show all 46 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter BNB+0.0096%1h802.13+0.024%$2.8M$4.1M20xas long as short
Nado BNB-PERP+0.0100%1h801.96+0.004%$1.4M$2.7M20xas long as short
Pacifica BNB+0.0100%1h802.00+0.008%$1.2M$926K20xas long as short
OKX BNB-USDT-SWAP+0.0100%8h801.60−0.041%$54.8M$113.9M50xas long as short
Arcus BNB-USD+0.0100%1h802.50+0.071%$53K$134K10xas long as short
Gate BNB_USDT+0.0100%8h801.60−0.041%$35.8M$57.4M75xas long as short
KuCoin BNBUSDTM+0.0100%8h801.71−0.027%$28.0M$10.3M75xas long as short
Bitget BNBUSDT+0.0100%8h801.55−0.047%$79.7M$27.3M75xas long as short
edgeX BNBUSDC+0.0100%4h800.55−0.172%$4.2M$77.7M30xas long as short
ApeX Omni BNBUSDT+0.0100%1h800.56−0.171%$161K$442K50xas long as short
Polymarket Perps BNB-USD+0.0100%1h802.24+0.039%$119K$874K10xas long as short
Orderly PERP_BNB_USDClong+0.0100%8h801.93long leg$388K$489K50x
Derive BNB-PERP+0.0100%1h802.07+0.018%$32K$5K10xas long as short
SunX BNB-USDT+0.0100%8h802.22+0.036%$13K$1.7M50xas long as short
HTX BNB-USDT+0.0100%8h801.95+0.002%$8.2M$7.9M75xas long as short
Paradex BNB-USD-PERP+0.0100%8h802.56+0.079%$78K$19K50xas long as short
Aster BNBUSDT+0.0100%8h802.43+0.062%$6.4M$19.0M200xas long as short
Extended BNB-USD+0.0104%1h801.44−0.061%$1.9M$6.3M50xas long as short
Aevo BNB-PERPshort+0.0104%1h802.18+0.032%$385K$40K10x
Phemex BNBUSDT+0.0114%8h802.39+0.057%$70.2M$51.1M50xas long as short
Kalshi KXBNBPERP+0.0117%8h802.40+0.059%$109K$2.9M4.8xas long as short
MEXC BNB_USDT+0.0120%8h802.90+0.121%$83.4M$13.5M200xas long as short
Binance BNBUSDT+0.0121%8h802.50+0.071%$502.2M$819.4M75xas long as short
Phoenix BNB+0.0155%1h800.77−0.145%$172K$34K10xas long as short
BloFin BNB-USDT+0.0241%8h801.83−0.012%$18.2M$2.5M75xas long as short
Hibachi BNB/USDT-P+0.0248%1h801.14−0.099%$71K$48K12xas long as short
RISEx BNB/USDC+0.0258%1h802.33+0.050%$1.1M$1.4M20xas long as short
SoDEX BNB-USD+0.0287%1h801.90−0.004%$394K$1.0M10xas long as short
Bulk BNB-USD+0.0289%1h801.15−0.097%$651K$20K10xas long as short
Deribit BNB_USDC-PERPETUAL+0.0300%1h802.36+0.053%$1.6M$165K25xas long as short
Injective BNB/USDC PERP+0.0306%1h805.09+0.394%$19K$789K30xas long as short
Reya BNBRUSDPERP+0.0332%1h801.83−0.013%$6K$3K40xas long as short
Hyperliquid BNB+0.0347%1h802.61+0.085%$51.9M$21.6M10xas long as short
Backpack BNB_USDC_PERP+0.0431%1h802.42+0.061%$2.7M$5.7M40xas long as short
01 Exchange BNBUSD+0.0432%1h803.13+0.150%$28K$1K10xas long as short
dYdX BNB-USD+0.0465%1h801.56−0.047%$162K$62K10xas long as short