Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0064%/8h= −7.1% APRpaid last 24h −0.005%

Price spread now: Aster against SoDEX+0.096%7-day average +0.061% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$15as in the Price arb table

costs, in and out, $10k−$190.187% of the position

Long on SoDEX Short on Aster

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.023%−$2 on $10k

Price spread, last 3 days (all we have)+0.008%+$1 · spread now +0.096%, 7d avg +0.061%

Together, before fees−0.015%+ Points / potential airdropAster: Stage 5 · farm board−$1 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Aster is 0.035% dearer against SoDEX than usual: you sell high and buy low (spread +0.096% now, against its 7-day average of +0.061%): +$4 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 44 hours. At the pace of the last 3 days (−0.023% in total) that is about 5.0 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX BNB-USD	794.20	0.0100	pay 0.0013% / 1h	29m 03s	$390K	$996K	10x
Short	Aster BNBUSDT	794.96	0.0036	get 0.0036% / 8h	6h 29m	$6.1M	$19.7M	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against SoDEX. 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 SoDEXbpFee AsterbpOrdersPrice spread, now +0.096%Rate

Funding earned: −$13.54
Price spread: +0.096% → +0.061%: $3.52
Slippage, 4 orders: −$2.68
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Aster: 4 bp × 2 orders: −$8
Net: −$28.69
Costs to cover: 0.187%
Break-even: never at this rate

Slippage from SoDEX: live order book, 55 min ago; Aster: live order book, 5 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 SoDEX live order book, 55 min ago	0.63 bp	5.1 bp −$5	9.7 bp −$97	77.6 bp −$7,761	doesn't fit
Sell Aster live order book, 5 min ago	0.38 bp	4.4 bp −$4	5.3 bp −$53	19.7 bp −$1,973	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	794.31	+0.014%	$46K	—	200x	as long as short
Kraken Futures PF_BNBUSD	−0.0132%	1h	794.04	−0.020%	$2.5M	$1.0M	50x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	794.51	+0.039%	$4K	$239	25x	as long as short
StandX BNB-USD	0.0000%	1h	795.20	+0.126%	$859K	$3.1M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	794.26	+0.008%	$9.7M	—	150x	as long as short
Variational Omni BNB	+0.0025%	8h	793.33	−0.110%	$4.1M	$4.9M	—	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+1.371%	$19K	$789K	30x	as long as short
Aster BNBUSDTshort	+0.0036%	8h	794.96	+0.096%	$6.1M	$19.7M	200x
Gate BNB_USDT	+0.0040%	8h	794.25	+0.006%	$35.4M	$55.9M	75x	as long as short
GRVT BNB_USDT_Perp	+0.0044%	8h	793.45	−0.094%	$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
Phemex BNBUSDT	+0.0048%	8h	794.73	+0.067%	$69.5M	$50.7M	50x	as long as short
BingX BNB-USDT	+0.0050%	8h	794.45	+0.031%	—	$35.0M	—	as long as short
Coinbase International BNB-PERP-INTX	+0.0056%	1h	791.17	−0.382%	$607K	$1.1M	50x	as long as short
MEXC BNB_USDT	+0.0063%	8h	795.10	+0.113%	$82.4M	$12.8M	200x	as long as short
Binance BNBUSDT	+0.0063%	8h	794.94	+0.093%	$494.6M	$811.5M	75x	as long as short
dYdX BNB-USD	+0.0064%	1h	794.66	+0.059%	$161K	$63K	10x	as long as short
Phoenix BNB	+0.0088%	1h	793.37	−0.105%	$170K	$36K	10x	as long as short
Lighter BNB	+0.0096%	1h	794.41	+0.026%	$2.8M	$4.0M	20x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	794.13	−0.009%	$384K	$409K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	794.80	+0.076%	$1.4M	$2.7M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	794.90	+0.088%	$52.1M	$19.8M	10x	as long as short
Pacifica BNB	+0.0100%	1h	795.12	+0.115%	$1.2M	$925K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	794.44	+0.030%	$138.8M	$75.8M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	794.30	+0.013%	$53.2M	$110.5M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	794.90	+0.088%	$52K	$134K	10x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	794.20	0.000%	$27.7M	$10.1M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	794.39	+0.024%	$77.4M	$28.3M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	794.24	+0.005%	$4.1M	$77.3M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	794.07	−0.016%	$160K	$436K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	794.59	+0.049%	$111K	$886K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	794.41	+0.026%	$32K	$9K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	794.00	−0.025%	$13K	$1.6M	50x	as long as short
SoDEX BNB-USDlong	+0.0100%	1h	794.20	long leg	$390K	$996K	10x
HTX BNB-USDT	+0.0100%	8h	793.99	−0.026%	$8.1M	$8.8M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	795.18	+0.123%	$77K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	793.94	−0.033%	$1.7M	$5.8M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	794.17	−0.004%	$381K	$110K	10x	as long as short
RISEx BNB/USDC	+0.0131%	1h	794.90	+0.089%	$1.1M	$1.4M	20x	as long as short
Kalshi KXBNBPERP	+0.0159%	8h	795.10	+0.113%	$112K	$2.7M	4.8x	as long as short
Bulk BNB-USD	+0.0175%	1h	792.60	−0.201%	$642K	$16K	10x	as long as short
01 Exchange BNBUSD	+0.0256%	1h	795.32	+0.141%	$28K	$2K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	794.73	+0.066%	$1.6M	$160K	25x	as long as short
Reya BNBRUSDPERP	+0.0329%	1h	794.26	+0.007%	$6K	$3K	40x	as long as short
Backpack BNB_USDC_PERP	+0.0392%	1h	795.03	+0.105%	$2.7M	$5.7M	40x	as long as short
Hibachi BNB/USDT-P	+0.0536%	1h	794.30	+0.013%	$68K	$38K	12x	as long as short