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

BNC

RWAall BNC markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC−0.0043%/8h= −4.7% APRnext payment $0.43 per $10,000 · paid last 24h −0.562%
Price spread now: Bitget against Aster+0.275%7-day average +0.003% · 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 4 days (all we have)−0.680%−$68 on $10k
Price spread, last 4 days (all we have)−0.532%−$53 · spread now +0.275%, 7d avg +0.003%
Together, before fees−1.212%+ Points / potential airdropAster: Stage 5 · farm board−$121 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Bitget is 0.272% dearer against Aster than usual: you sell high and buy low (spread +0.275% now, against its 7-day average of +0.003%): +$27 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 21 days. At the pace of the last 4 days (−0.680% in total) that is about 35 hours.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster BNCUSD16.57710.0043pay 0.0043% / 8h1h 43m$189K$23K10x
ShortBitget BNCUSDT6.59520get 0.0000% / 8h1h 43m$1.2M$3.8M5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget against Aster. 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
−$9.08
Price spread: +0.275% → +0.003%
$27.24
Slippage, 4 orders
no order book: not counted
Fee Aster: 4 bp × 2 orders
−$8
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$1.84
Costs to cover
0.200%
Break-even
from the start
Slippage unknown: Aster: live order book, 38 min ago; Bitget: 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
LegHalf-spread$10k$100k$1M$5M
Buy Aster live order book, 38 min ago12.12 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit
Sell Bitget live order book, 4 min ago4.93 bp27.6 bp −$2866.8 bp −$668134.4 bp −$13.4Kdoesn't fit

BNC on 9 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
QFEX BNC-USD−0.0018%1h6.5900+0.196%$53K$40K10xas long as short
Bybit BNCUSDT0.0000%8h6.5900+0.196%$596K$2.4M25xas long as short
Bitget BNCUSDTshort0.0000%8h6.5952+0.275%$1.2M$3.8M5x
Bullet BNC-USD0.0000%1h6.5858+0.132%$10K$74K10xas long as short
Aster BNCUSD1long+0.0043%8h6.5771long leg$189K$23K10x
HTX BNC-USDT+0.0055%8h6.5870+0.150%$14K$32K10xas long as short
KuCoin BNCUSDTM+0.0100%8h6.5960+0.287%$57K$3.0M20xas long as short
Variational Omni BNC+0.0314%8h6.5884+0.171%$86K$74Kas long as short
Binance BNCUSDT+0.0451%8h6.5860+0.135%$15.4M$36.5M10xas long as short