Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0148%/8h= −16.2% APRpaid last 24h −0.062%

Price spread now: Aster against 01 Exchange+0.024%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on 01 Exchange Short on Aster

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

The price spread pays, funding is against you. Aster is 0.024% dearer against 01 Exchange than usual: you sell high and buy low (spread +0.024% now, against zero (this spread has no 7-day history yet)): +$2 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 13 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	01 Exchange BNBUSD	799.57	0.0216	pay 0.0027% / 1h	44m 36s	$28K	$1K	10x
Short	Aster BNBUSDT	799.76	0.0068	get 0.0068% / 8h	7h 44m	$6.2M	$19.3M	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against 01 Exchange. 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 01 ExchangebpFee AsterbpOrdersPrice spread, now +0.024%Rate

Funding earned: −$31.05
Price spread: +0.024% → 0.000%: $2.38
Slippage, 4 orders: no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee Aster: 4 bp × 2 orders: −$8
Net: −$43.67
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: 01 Exchange: no order-book sample; Aster: live order book, 4 min ago. Net counts fees only.

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 01 Exchange no order-book sample	—	—	—	—	—
Sell Aster live order book, 4 min ago	0.75 bp	4.9 bp −$5	5.7 bp −$57	18.8 bp −$1,885	doesn't fit

01 Exchange: 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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GMX BNB/USD [WBTC.b-USDC]	L −0.0201% / S +0.0372%	1h	798.83	−0.093%	$47K	—	200x	as long as short
Kraken Futures PF_BNBUSD	−0.0121%	1h	798.72	−0.107%	$2.5M	$982K	50x	as long as short
Bybit BNBUSDT	−0.0094%	8h	798.70	−0.109%	$138.7M	$76.9M	75x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	799.55	−0.003%	$4K	$239	25x	as long as short
BingX BNB-USDT	−0.0049%	8h	799.19	−0.048%	—	$35.2M	—	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	798.33	−0.155%	$3.0M	$27.9M	10x	as long as short
StandX BNB-USD	0.0000%	1h	799.25	−0.040%	$864K	$2.9M	30x	as long as short
Phemex BNBUSDT	0.0000%	8h	799.46	−0.014%	$69.8M	$50.5M	50x	as long as short
Variational Omni BNB	+0.0006%	8h	797.73	−0.231%	$4.1M	$5.4M	—	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	798.86	−0.089%	$9.7M	—	150x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+0.690%	$19K	$789K	30x	as long as short
Gate BNB_USDT	+0.0039%	8h	798.90	−0.084%	$35.8M	$55.9M	75x	as long as short
Coinbase International BNB-PERP-INTX	+0.0048%	1h	798.00	−0.196%	$601K	$986K	50x	as long as short
Aster BNBUSDTshort	+0.0068%	8h	799.76	+0.024%	$6.2M	$19.3M	200x
Binance BNBUSDT	+0.0090%	8h	799.59	+0.003%	$496.7M	$814.6M	75x	as long as short
MEXC BNB_USDT	+0.0090%	8h	799.90	+0.041%	$83.2M	$13.5M	200x	as long as short
Lighter BNB	+0.0096%	1h	799.40	−0.021%	$2.8M	$4.0M	20x	as long as short
Phoenix BNB	+0.0099%	1h	798.69	−0.110%	$172K	$36K	10x	as long as short
Nado BNB-PERP	+0.0100%	1h	798.08	−0.187%	$1.5M	$2.7M	20x	as long as short
Pacifica BNB	+0.0100%	1h	799.32	−0.032%	$1.2M	$925K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	798.90	−0.084%	$54.1M	$111.4M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	799.30	−0.034%	$53K	$133K	10x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	799.09	−0.060%	$28.0M	$10.1M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	798.75	−0.103%	$78.8M	$27.5M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	798.20	−0.172%	$4.1M	$76.3M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	798.37	−0.150%	$161K	$436K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	798.59	−0.123%	$118K	$874K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	798.91	−0.083%	$386K	$471K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	799.03	−0.068%	$32K	$5K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	799.43	−0.018%	$13K	$1.7M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	799.00	−0.071%	$393K	$1.0M	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	799.08	−0.062%	$8.2M	$8.1M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	799.93	+0.045%	$78K	$19K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	798.58	−0.124%	$1.8M	$6.5M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	798.91	−0.083%	$384K	$108K	10x	as long as short
Bulk BNB-USD	+0.0118%	1h	798.39	−0.147%	$648K	$11K	10x	as long as short
Hibachi BNB/USDT-P	+0.0136%	1h	798.23	−0.168%	$70K	$34K	12x	as long as short
RISEx BNB/USDC	+0.0155%	1h	799.18	−0.048%	$1.1M	$1.4M	20x	as long as short
Kalshi KXBNBPERP	+0.0156%	8h	799.10	−0.059%	$90K	$2.9M	4.8x	as long as short
BloFin BNB-USDT	+0.0210%	8h	799.34	−0.029%	$18.1M	$2.5M	75x	as long as short
01 Exchange BNBUSDlong	+0.0216%	1h	799.57	long leg	$28K	$1K	10x
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	799.36	−0.026%	$1.6M	$160K	25x	as long as short
dYdX BNB-USD	+0.0316%	1h	798.68	−0.111%	$161K	$63K	10x	as long as short
Reya BNBRUSDPERP	+0.0330%	1h	798.28	−0.161%	$6K	$3K	40x	as long as short
Hyperliquid BNB	+0.0339%	1h	799.91	+0.043%	$53.1M	$20.9M	10x	as long as short
Backpack BNB_USDC_PERP	+0.0396%	1h	799.93	+0.045%	$2.7M	$5.7M	40x	as long as short