Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0042%/8h= −4.6% APRpaid last 24h +0.001%

Price spread now: Binance against Aevo+0.157%7-day average +0.071% · you sell dearer than you buy

Net, funding: paid 7d − costs−$47as in the Funding arb table

Net, price: spread back to 7d avg − costs−$32as in the Price arb table

costs, in and out, $10k−$400.404% of the position

Long on Aevo Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.069%−$7 on $10k

Price spread, last 3 days (all we have)−0.070%−$7 · spread now +0.157%, 7d avg +0.071%

Together, before fees−0.139%−$14 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Binance is 0.086% dearer against Aevo than usual: you sell high and buy low (spread +0.157% now, against its 7-day average of +0.071%): +$9 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 6.8 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo BNB-PERP	792.49	0.0104	pay 0.0013% / 1h	46m 52s	$381K	$110K	10x
Short	Binance BNBUSDT	793.73	0.0062	get 0.0062% / 8h	6h 46m	$493.8M	$815.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Aevo. 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 AevobpFee BinancebpOrdersPrice spread, now +0.157%Rate

Funding earned: −$8.8
Price spread: +0.157% → +0.071%: $8.6
Slippage, 4 orders: −$14.45
Fee Aevo: 8 bp × 2 orders: −$16
Fee Binance: 5 bp × 2 orders: −$10
Net: −$40.66
Costs to cover: 0.404%
Break-even: never at this rate

Slippage from Aevo: live order book, 22 min ago; Binance: live order book, 12 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 Aevo live order book, 22 min ago	3.13 bp	15.7 bp −$16	19.7 bp −$197	23.2 bp −$2,321	doesn't fit
Sell Binance live order book, 12 min ago	0.06 bp	5.1 bp −$5	6.3 bp −$63	14.6 bp −$1,455	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 −0.0161% / S +0.0334%	1h	792.68	+0.024%	$47K	—	200x	as long as short
Kraken Futures PF_BNBUSD	−0.0132%	1h	792.59	+0.013%	$2.5M	$1.0M	50x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	793.29	+0.101%	$4K	$239	25x	as long as short
Gate BNB_USDT	−0.0029%	8h	793.05	+0.071%	$35.4M	$55.3M	75x	as long as short
StandX BNB-USD	0.0000%	1h	794.21	+0.217%	$858K	$3.0M	30x	as long as short
GRVT BNB_USDT_Perp	+0.0002%	8h	793.91	+0.179%	$3.0M	$28.4M	10x	as long as short
Variational Omni BNB	+0.0006%	8h	792.93	+0.055%	$4.1M	$5.1M	—	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	792.71	+0.028%	$9.7M	—	150x	as long as short
Aster BNBUSDT	+0.0033%	8h	793.34	+0.107%	$6.1M	$19.9M	200x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+1.590%	$19K	$789K	30x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX BNB-USDC	+0.0036%	8h	793.39	+0.114%	—	$13.3M	—	as long as short
dYdX BNB-USD	+0.0038%	1h	792.47	−0.002%	$160K	$63K	10x	as long as short
Phemex BNBUSDT	+0.0046%	8h	793.29	+0.101%	$69.3M	$50.3M	50x	as long as short
Coinbase International BNB-PERP-INTX	+0.0056%	1h	792.52	+0.004%	$608K	$1.1M	50x	as long as short
MEXC BNB_USDT	+0.0062%	8h	793.70	+0.153%	$82.3M	$12.7M	200x	as long as short
Binance BNBUSDTshort	+0.0062%	8h	793.73	+0.157%	$493.8M	$815.2M	75x
Bybit BNBUSDT	+0.0080%	8h	793.00	+0.064%	$138.2M	$77.0M	75x	as long as short
Phoenix BNB	+0.0088%	1h	792.08	−0.052%	$170K	$36K	10x	as long as short
Lighter BNB	+0.0096%	1h	792.74	+0.032%	$2.8M	$3.9M	20x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	792.39	−0.012%	$383K	$409K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	792.75	+0.033%	$1.4M	$2.7M	20x	as long as short
Pacifica BNB	+0.0100%	1h	792.65	+0.021%	$1.2M	$932K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	793.00	+0.064%	$53.3M	$111.1M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	793.00	+0.064%	$52K	$134K	10x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	792.60	+0.014%	$27.7M	$10.0M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	792.89	+0.051%	$77.4M	$28.3M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	793.89	+0.177%	$4.1M	$76.8M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	793.99	+0.189%	$160K	$435K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	792.68	+0.024%	$112K	$887K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	792.60	+0.014%	$32K	$9K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	793.17	+0.086%	$13K	$1.6M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	792.70	+0.027%	$390K	$995K	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	792.29	−0.024%	$8.1M	$8.7M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	793.05	+0.070%	$77K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	792.45	−0.005%	$1.7M	$6.0M	50x	as long as short
Aevo BNB-PERPlong	+0.0104%	1h	792.49	long leg	$381K	$110K	10x
Hyperliquid BNB	+0.0122%	1h	793.43	+0.119%	$52.6M	$19.8M	10x	as long as short
RISEx BNB/USDC	+0.0131%	1h	793.06	+0.072%	$1.1M	$1.4M	20x	as long as short
Kalshi KXBNBPERP	+0.0159%	8h	793.30	+0.102%	$106K	$2.8M	4.8x	as long as short
Bulk BNB-USD	+0.0167%	1h	793.21	+0.091%	$644K	$10K	10x	as long as short
BloFin BNB-USDT	+0.0182%	8h	794.06	+0.198%	$18.1M	$2.5M	75x	as long as short
01 Exchange BNBUSD	+0.0232%	1h	793.49	+0.126%	$28K	$1K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	792.93	+0.056%	$1.6M	$161K	25x	as long as short
Reya BNBRUSDPERP	+0.0329%	1h	792.51	+0.002%	$6K	$3K	40x	as long as short
Backpack BNB_USDC_PERP	+0.0366%	1h	793.53	+0.131%	$2.7M	$5.7M	40x	as long as short
Hibachi BNB/USDT-P	+0.0456%	1h	793.77	+0.161%	$68K	$38K	12x	as long as short