BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0194%/8h= +21.2% APRnext payment +$0.24 per $10,000 · paid last 24h +0.048%

Price spread now: Bulk against Aevo+0.124%7-day average +0.091% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$82as in the Price arb table

costs, in and out, $10k−$850.851% of the position

Long on Aevo Short on Bulk

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.224%+$22 on $10k

Price spread, last 3 days (all we have)−0.050%−$5 · spread now +0.124%, 7d avg +0.091%

Together, before fees+0.174%+$17 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Bulk is 0.033% dearer against Aevo than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.091%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo BNB-PERP	788.82	0.0104	pay 0.0013% / 1h	59m 50s	$379K	$110K	10x
Short	Bulk BNB-USD	789.80	0.0298	get 0.0037% / 1h	59m 50s	$640K	$13K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bulk 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 BulkbpOrdersPrice spread, now +0.124%Rate

Funding earned: $40.66
Price spread: +0.124% → +0.091%: $3.27
Slippage, 4 orders: −$62.06
Fee Aevo: 8 bp × 2 orders: −$16
Fee Bulk: 3.5 bp × 2 orders: −$7
Net: −$41.13
Costs to cover: 0.851%
Break-even: 14.1 days

Slippage from Aevo: live order book, 4 min ago; Bulk: live order book, 4 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, 4 min ago	8.23 bp	35.1 bp −$35	42.0 bp −$420	68.1 bp −$6,810	doesn't fit
Sell Bulk live order book, 4 min ago	0.06 bp	3.6 bp −$4	3.6 bp −$36	6.6 bp −$661	17.8 bp −$8,922

BNB on 45 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 −0.0167% / S +0.0335%	1h	788.73	−0.011%	$46K	—	200x	as long as short
Kraken Futures PF_BNBUSD	−0.0132%	1h	788.76	−0.008%	$2.5M	$1.2M	50x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	789.47	+0.082%	$4K	$239	25x	as long as short
StandX BNB-USD	0.0000%	1h	790.38	+0.197%	$854K	$3.2M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	788.86	+0.005%	$9.6M	—	150x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.062%	$19K	$789K	30x	as long as short
Aster BNBUSDT	+0.0034%	8h	789.52	+0.088%	$6.2M	$18.9M	200x	as long as short
BingX BNB-USDT	+0.0053%	8h	789.39	+0.072%	—	$34.6M	—	as long as short
Coinbase International BNB-PERP-INTX	+0.0056%	1h	789.66	+0.106%	$619K	$1.8M	50x	as long as short
Variational Omni BNB	+0.0062%	8h	789.21	+0.049%	$4.1M	$4.8M	—	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex BNBUSDT	+0.0065%	8h	789.44	+0.078%	$69.1M	$50.8M	50x	as long as short
MEXC BNB_USDT	+0.0067%	8h	789.80	+0.124%	$80.5M	$13.2M	200x	as long as short
Binance BNBUSDT	+0.0068%	8h	789.96	+0.145%	$494.5M	$812.2M	75x	as long as short
Gate BNB_USDT	+0.0069%	8h	789.30	+0.060%	$35.4M	$58.3M	75x	as long as short
Phoenix BNB	+0.0088%	1h	789.43	+0.077%	$170K	$36K	10x	as long as short
Lighter BNB	+0.0096%	1h	789.11	+0.037%	$2.8M	$4.1M	20x	as long as short
GRVT BNB_USDT_Perp	+0.0098%	8h	790.16	+0.169%	$2.9M	$28.4M	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	788.86	+0.005%	$381K	$386K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	789.10	+0.035%	$1.5M	$2.7M	20x	as long as short
Pacifica BNB	+0.0100%	1h	789.37	+0.070%	$1.2M	$920K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	789.30	+0.060%	$138.9M	$79.2M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	789.30	+0.060%	$53.3M	$112.8M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	789.30	+0.060%	$52K	$135K	10x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	788.85	+0.003%	$27.8M	$10.4M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	789.13	+0.039%	$77.1M	$30.0M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	790.23	+0.179%	$4.1M	$77.3M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	790.07	+0.158%	$159K	$438K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	788.86	+0.005%	$137K	$946K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	788.98	+0.020%	$31K	$9K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	789.61	+0.099%	$12K	$1.6M	50x	as long as short
HTX BNB-USDT	+0.0100%	8h	789.25	+0.054%	$8.1M	$9.0M	75x	as long as short
Paradex BNB-USD-PERP	+0.0101%	8h	789.75	+0.118%	$77K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	788.66	−0.020%	$1.8M	$5.9M	50x	as long as short
Aevo BNB-PERPlong	+0.0104%	1h	788.82	long leg	$379K	$110K	10x
SoDEX BNB-USD	+0.0118%	1h	789.00	+0.022%	$388K	$1.0M	10x	as long as short
dYdX BNB-USD	+0.0121%	1h	788.88	+0.007%	$160K	$64K	10x	as long as short
RISEx BNB/USDC	+0.0131%	1h	789.33	+0.064%	$1.1M	$1.1M	20x	as long as short
Hyperliquid BNB	+0.0143%	1h	790.05	+0.155%	$51.8M	$18.7M	10x	as long as short
Kalshi KXBNBPERP	+0.0178%	8h	789.30	+0.060%	$92K	$2.9M	4.8x	as long as short
01 Exchange BNBUSD	+0.0280%	1h	789.69	+0.110%	$28K	$3K	10x	as long as short
Bulk BNB-USDshort	+0.0298%	1h	789.80	+0.124%	$640K	$13K	10x
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	789.32	+0.063%	$1.5M	$160K	25x	as long as short
Reya BNBRUSDPERP	+0.0328%	1h	788.70	−0.016%	$6K	$3K	40x	as long as short
Backpack BNB_USDC_PERP	+0.0377%	1h	789.24	+0.053%	$2.2M	$6.1M	40x	as long as short
Hibachi BNB/USDT-P	+0.0520%	1h	789.88	+0.134%	$67K	$39K	12x	as long as short