BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0016%/8h= +1.8% APRnext payment +$0.02 per $10,000 · paid last 24h −0.008%

Price spread now: Aevo against Phoenix+0.152%66s7-day average −0.071% · you sell dearer than you buy

Net, funding: paid 7d − costs−$72as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$550.549% of the position

Long on Phoenix Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 7 days−0.172%−$17 on $10k

Price spread, last 3 days (all we have)−0.237%−$24 · spread now +0.152%, 7d avg −0.071%

Together, before fees−0.408%−$41 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and Aevo is 0.223% dearer against Phoenix than usual: you sell high and buy low: +$22 more if the spread goes back to its 7-day average of −0.071%. Mind the row above: over the last 7 days funding on this pair cost −0.172%, so the current rate has only just turned in your favour. The two prices were read 66 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix BNB	793.37	0.0088	pay 0.0011% / 1h	30m 05s	$170K	$36K	10x
Short	Aevo BNB-PERP	794.58	0.0104	get 0.0013% / 1h	30m 05s	$382K	$110K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Phoenix. 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 PhoenixbpFee AevobpOrdersPrice spread, now +0.152%Rate

Funding earned: $3.44
Price spread: +0.152% → −0.071%: $22.26
Slippage, 4 orders: −$31.94
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$29.24
Costs to cover: 0.549%
Break-even: 66.4 days

Slippage from Phoenix: live order book, 31 min ago; Aevo: live order book, 39 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 Phoenix live order book, 31 min ago	1.01 bp	12.4 bp −$12	50.9 bp −$509	doesn't fit	doesn't fit
Sell Aevo live order book, 39 min ago	3.13 bp	14.5 bp −$15	21.0 bp −$210	25.4 bp −$2,536	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 −0.0167% / S +0.0335%	1h	794.30	+0.117%	$46K	—	200x	as long as short
Kraken Futures PF_BNBUSD	−0.0131%	1h	794.59	+0.153%	$2.5M	$1.0M	50x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	794.51	+0.144%	$4K	$239	25x	as long as short
StandX BNB-USD	0.0000%	1h	794.76	+0.175%	$859K	$3.1M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	794.33	+0.121%	$9.7M	—	150x	as long as short
Variational Omni BNB	+0.0025%	8h	793.33	−0.005%	$4.1M	$4.9M	—	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+1.477%	$19K	$789K	30x	as long as short
Aster BNBUSDT	+0.0035%	8h	795.05	+0.211%	$6.1M	$19.7M	200x	as long as short
Gate BNB_USDT	+0.0036%	8h	794.65	+0.161%	$35.4M	$55.9M	75x	as long as short
GRVT BNB_USDT_Perp	+0.0044%	8h	793.45	+0.010%	$3.0M	$28.8M	10x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX BNB-USDT	+0.0050%	8h	794.79	+0.179%	—	$35.0M	—	as long as short
Phemex BNBUSDT	+0.0052%	8h	794.89	+0.192%	$69.5M	$50.6M	50x	as long as short
Coinbase International BNB-PERP-INTX	+0.0056%	1h	791.17	−0.277%	$607K	$1.1M	50x	as long as short
MEXC BNB_USDT	+0.0063%	8h	795.50	+0.268%	$82.5M	$12.8M	200x	as long as short
Binance BNBUSDT	+0.0063%	8h	795.39	+0.255%	$494.8M	$811.3M	75x	as long as short
dYdX BNB-USD	+0.0066%	1h	793.98	+0.077%	$161K	$63K	10x	as long as short
Phoenix BNBlong	+0.0088%	1h	793.37	long leg	$170K	$36K	10x
Lighter BNB	+0.0096%	1h	794.71	+0.169%	$2.8M	$4.0M	20x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	794.44	+0.135%	$384K	$409K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	793.75	+0.048%	$1.4M	$2.7M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	795.20	+0.231%	$52.1M	$19.8M	10x	as long as short
Pacifica BNB	+0.0100%	1h	794.18	+0.102%	$1.2M	$926K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	794.60	+0.155%	$138.6M	$75.6M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	794.50	+0.142%	$53.2M	$110.6M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	794.30	+0.117%	$52K	$134K	10x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	794.48	+0.140%	$27.7M	$10.1M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	794.49	+0.141%	$77.4M	$28.3M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	793.22	−0.020%	$4.1M	$77.1M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	793.21	−0.020%	$159K	$436K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	794.34	+0.122%	$111K	$886K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	794.58	+0.152%	$32K	$9K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	794.00	+0.079%	$13K	$1.6M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	794.70	+0.168%	$391K	$995K	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	794.16	+0.100%	$8.1M	$8.8M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	794.16	+0.099%	$77K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	794.15	+0.098%	$1.7M	$5.8M	50x	as long as short
Aevo BNB-PERPshort	+0.0104%	1h	794.58	+0.152%	$382K	$110K	10x
RISEx BNB/USDC	+0.0131%	1h	794.40	+0.130%	$1.1M	$1.3M	20x	as long as short
Kalshi KXBNBPERP	+0.0160%	8h	795.20	+0.231%	$112K	$2.7M	4.8x	as long as short
Bulk BNB-USD	+0.0175%	1h	792.60	−0.097%	$642K	$16K	10x	as long as short
01 Exchange BNBUSD	+0.0256%	1h	794.90	+0.193%	$28K	$2K	10x	as long as short
Reya BNBRUSDPERP	+0.0329%	1h	794.11	+0.093%	$6K	$3K	40x	as long as short
Backpack BNB_USDC_PERP	+0.0392%	1h	795.45	+0.262%	$2.7M	$5.7M	40x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0400%	1h	795.00	+0.206%	$1.6M	$160K	25x	as long as short
Hibachi BNB/USDT-P	+0.0536%	1h	794.41	+0.131%	$68K	$38K	12x	as long as short