Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.014%

Price spread now: BingX against Aevo+0.003%7-day average +0.008% · you sell dearer than you buy

Net, funding: paid 7d − costs−$79as in the Funding arb table

Net, price: spread back to 7d avg − costs−$74as in the Price arb table

costs, in and out, $10k−$740.735% of the position

Long on Aevo Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.055%−$6 on $10k

Price spread, last 4 days (all we have)+0.064%+$6 · spread now +0.003%, 7d avg +0.008%

Together, before fees+0.009%+$1 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.008%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo BNB-PERP	786.68	0.0104	pay 0.0013% / 1h	55m 20s	$378K	$110K	10x
Short	BingX BNB-USDT	786.70	0.0054	get 0.0054% / 8h	1h 55m	—	$22.2M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now +0.003%Rate

Funding earned: −$10.5
Price spread: +0.003% → +0.008%: −$0.48
Slippage, 4 orders: −$47.53
Fee Aevo: 8 bp × 2 orders: −$16
Fee BingX: 5 bp × 2 orders: −$10
Net: −$84.51
Costs to cover: 0.735%
Break-even: never at this rate

Slippage from Aevo: live order book, 54 min ago; BingX: live order book, 13 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, 54 min ago	8.25 bp	29.8 bp −$30	34.7 bp −$347	56.6 bp −$5,663	doesn't fit
Sell BingX live order book, 13 min ago	0.82 bp	5.8 bp −$6	6.1 bp −$61	9.3 bp −$926	26.2 bp −$13.1K

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 −0.0192% / S +0.0356%	1h	786.51	−0.022%	$46K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	788.11	+0.182%	$4K	$42	25x	as long as short
StandX BNB-USD	0.0000%	1h	787.66	+0.125%	$849K	$2.9M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	786.56	−0.015%	$9.5M	—	150x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.341%	$19K	$789K	30x	as long as short
Aster BNBUSDT	+0.0046%	8h	787.21	+0.067%	$6.1M	$19.0M	200x	as long as short
BingX BNB-USDTshort	+0.0054%	8h	786.70	+0.003%	—	$22.2M	—
MEXC BNB_USDT	+0.0067%	8h	787.60	+0.117%	$80.9M	$11.9M	200x	as long as short
Binance BNBUSDT	+0.0067%	8h	787.20	+0.067%	$490.1M	$816.1M	75x	as long as short
Phemex BNBUSDT	+0.0069%	8h	787.24	+0.072%	$68.9M	$51.0M	50x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX BNB-USD	+0.0072%	1h	787.10	+0.054%	$159K	$62K	10x	as long as short
Coinbase International BNB-PERP-INTX	+0.0080%	1h	788.38	+0.217%	$569K	$1.9M	50x	as long as short
Lighter BNB	+0.0096%	1h	786.71	+0.004%	$2.7M	$3.8M	20x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	786.64	−0.005%	$265K	$471K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	786.65	−0.003%	$1.4M	$2.7M	20x	as long as short
Pacifica BNB	+0.0100%	1h	786.98	+0.039%	$1.2M	$933K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	786.60	−0.010%	$138.4M	$75.2M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	786.50	−0.022%	$53.5M	$113.1M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	786.90	+0.028%	$52K	$129K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	786.60	−0.010%	$37.0M	$58.6M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	786.33	−0.044%	$27.7M	$10.2M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	786.31	−0.047%	$76.1M	$31.1M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	787.27	+0.076%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	786.71	+0.005%	$4.0M	$4.8M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	787.78	+0.141%	$4.1M	$75.7M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	787.16	+0.062%	$158K	$436K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	786.50	−0.022%	$131K	$949K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	786.80	+0.016%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	787.14	+0.059%	$12K	$1.5M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	786.70	+0.003%	$387K	$986K	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	786.77	+0.013%	$8.0M	$10.1M	75x	as long as short
Paradex BNB-USD-PERP	+0.0101%	8h	787.15	+0.060%	$76K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	786.35	−0.042%	$1.8M	$6.2M	50x	as long as short
Aevo BNB-PERPlong	+0.0104%	1h	786.68	long leg	$378K	$110K	10x
Phoenix BNB	+0.0107%	1h	787.80	+0.143%	$169K	$35K	10x	as long as short
Kalshi KXBNBPERP	+0.0135%	8h	787.30	+0.079%	$169K	$2.7M	4.8x	as long as short
Hyperliquid BNB	+0.0151%	1h	787.35	+0.085%	$51.5M	$17.7M	10x	as long as short
BloFin BNB-USDT	+0.0187%	8h	787.35	+0.086%	$17.8M	$2.2M	75x	as long as short
Kraken Futures PF_BNBUSD	+0.0206%	1h	786.60	−0.009%	$2.5M	$1.2M	50x	as long as short
GRVT BNB_USDT_Perp	+0.0226%	8h	787.46	+0.100%	$2.9M	$29.6M	10x	as long as short
01 Exchange BNBUSD	+0.0280%	1h	787.12	+0.056%	$28K	$4K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	787.02	+0.043%	$1.5M	$143K	25x	as long as short
Reya BNBRUSDPERP	+0.0322%	1h	786.41	−0.034%	$6K	$3K	40x	as long as short
Bulk BNB-USD	+0.0339%	1h	788.57	+0.241%	$639K	$4K	10x	as long as short
RISEx BNB/USDC	+0.0438%	1h	786.98	+0.039%	$1.1M	$910K	20x	as long as short
Hibachi BNB/USDT-P	+0.0560%	1h	787.15	+0.060%	$67K	$39K	12x	as long as short