Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%

Price spread now: Aevo against SunX−0.115%7-day average −0.065% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$78as in the Price arb table

costs, in and out, $10k−$730.731% of the position

Long on SunX Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 7 days+0.008%+$1 on $10k

Price spread, last 3 days (all we have)+0.078%+$8 · spread now −0.115%, 7d avg −0.065%

Together, before fees+0.086%+$9 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 0.049% cheaper against SunX than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of −0.065%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX BNB-USDT	803.97	0.0100	pay 0.0100% / 8h	2h 52m	$13K	$1.7M	50x
Short	Aevo BNB-PERP	803.04	0.0104	get 0.0013% / 1h	52m 55s	$386K	$40K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against SunX. 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 SunXbpFee AevobpOrdersPrice spread, now −0.115%Rate

Funding earned: $0.84
Price spread: −0.115% → −0.065%: −$4.95
Slippage, 4 orders: −$49.13
Fee SunX: 4 bp × 2 orders: −$8
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$77.23
Costs to cover: 0.731%
Break-even: 650.6 days

Slippage from SunX: live order book, 12 min ago; Aevo: live order book, 36 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 SunX live order book, 12 min ago	15.07 bp	21.5 bp −$21	29.4 bp −$294	doesn't fit	doesn't fit
Sell Aevo live order book, 36 min ago	3.11 bp	13.3 bp −$13	18.2 bp −$182	22.6 bp −$2,265	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 −0.0195% / S +0.0371%	1h	803.20	−0.096%	$48K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	803.07	−0.111%	$4K	$1K	25x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	804.43	+0.057%	$3.0M	$30.3M	10x	as long as short
Kalshi KXBNBPERP	0.0000%	8h	803.80	−0.021%	$110K	$2.5M	4.8x	as long as short
StandX BNB-USD	0.0000%	1h	803.20	−0.095%	$868K	$3.0M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	803.27	−0.086%	$9.8M	—	150x	as long as short
Kraken Futures PF_BNBUSD	+0.0038%	1h	803.07	−0.111%	$2.5M	$919K	50x	as long as short
Variational Omni BNB	+0.0068%	8h	803.35	−0.077%	$4.1M	$5.3M	—	as long as short
BingX BNB-USDT	+0.0070%	8h	802.83	−0.141%	—	$34.5M	—	as long as short
Aster BNBUSDT	+0.0087%	8h	803.65	−0.039%	$6.3M	$18.9M	200x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International BNB-PERP-INTX	+0.0088%	1h	803.99	+0.003%	$608K	$899K	50x	as long as short
Lighter BNB	+0.0096%	1h	803.28	−0.085%	$2.8M	$4.2M	20x	as long as short
Nado BNB-PERP	+0.0100%	1h	802.76	−0.150%	$1.4M	$2.8M	20x	as long as short
Pacifica BNB	+0.0100%	1h	803.10	−0.108%	$1.2M	$923K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	802.30	−0.207%	$138.9M	$83.5M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	803.00	−0.120%	$55.0M	$115.5M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	803.50	−0.058%	$52K	$191K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	802.80	−0.145%	$35.9M	$58.1M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	802.92	−0.130%	$28.1M	$10.5M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	802.72	−0.155%	$79.0M	$24.6M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	804.47	+0.063%	$4.2M	$76.8M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	803.95	−0.002%	$159K	$437K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	803.20	−0.095%	$118K	$869K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	803.05	−0.114%	$388K	$595K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	803.26	−0.088%	$32K	$5K	10x	as long as short
SunX BNB-USDTlong	+0.0100%	8h	803.97	long leg	$13K	$1.7M	50x
SoDEX BNB-USD	+0.0100%	1h	803.10	−0.108%	$395K	$1.0M	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0100%	1h	803.57	−0.049%	$1.6M	$162K	25x	as long as short
HTX BNB-USDT	+0.0100%	8h	803.03	−0.117%	$8.2M	$7.4M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	803.76	−0.026%	$78K	$19K	50x	as long as short
MEXC BNB_USDT	+0.0102%	8h	803.80	−0.021%	$84.3M	$13.5M	200x	as long as short
Binance BNBUSDT	+0.0102%	8h	803.37	−0.075%	$518.2M	$807.5M	75x	as long as short
Extended BNB-USD	+0.0104%	1h	802.70	−0.158%	$1.9M	$6.1M	50x	as long as short
Aevo BNB-PERPshort	+0.0104%	1h	803.04	−0.115%	$386K	$40K	10x
Phemex BNBUSDT	+0.0121%	8h	803.66	−0.038%	$70.1M	$51.9M	50x	as long as short
Phoenix BNB	+0.0125%	1h	805.11	+0.142%	$173K	$35K	10x	as long as short
Bulk BNB-USD	+0.0140%	1h	805.09	+0.139%	$650K	$11K	10x	as long as short
dYdX BNB-USD	+0.0172%	1h	803.01	−0.119%	$170K	$55K	10x	as long as short
Hyperliquid BNB	+0.0189%	1h	803.72	−0.031%	$51.6M	$21.3M	10x	as long as short
RISEx BNB/USDC	+0.0209%	1h	803.67	−0.037%	$1.1M	$1.4M	20x	as long as short
BloFin BNB-USDT	+0.0222%	8h	803.74	−0.028%	$18.8M	$3.1M	75x	as long as short
Hibachi BNB/USDT-P	+0.0248%	1h	803.12	−0.106%	$71K	$48K	12x	as long as short
01 Exchange BNBUSD	+0.0328%	1h	804.35	+0.048%	$28K	$1K	10x	as long as short
Reya BNBRUSDPERP	+0.0335%	1h	803.06	−0.113%	$6K	$3K	40x	as long as short
Injective BNB/USDC PERP	+0.0353%	1h	804.92	+0.119%	$19K	$526K	30x	as long as short
Backpack BNB_USDC_PERP	+0.0666%	1h	804.22	+0.032%	$3.0M	$5.3M	40x	as long as short