Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Extended against Aevo−0.050%7-day average −0.062% · you buy dearer than you sell

Net, funding: paid 7d − costs−$40as in the Funding arb table

Net, price: spread back to 7d avg − costs−$36as in the Price arb table

costs, in and out, $10k−$370.372% of the position

Long on Aevo Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.028%−$3 on $10k

Price spread, last 4 days (all we have)+0.294%+$29 · spread now −0.050%, 7d avg −0.062%

Together, before fees+0.266%+ Points / potential airdropExtended: Active · farm board+$27 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo BNB-PERP	784.28	0.0104	pay 0.0013% / 1h	31m 22s	$377K	$110K	10x
Short	Extended BNB-USD	783.89	0.0104	get 0.0013% / 1h	31m 22s	$1.8M	$5.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.050%Rate

Funding earned: $0
Price spread: −0.050% → −0.062%: $1.2
Slippage, 4 orders: −$16.24
Fee Aevo: 8 bp × 2 orders: −$16
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$36.04
Costs to cover: 0.372%
Break-even: never at this rate

Slippage from Aevo: live order book, 3 min ago; Extended: live order book, 3 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, 3 min ago	5.10 bp	14.9 bp −$15	21.3 bp −$213	35.4 bp −$3,541	doesn't fit
Sell Extended live order book, 3 min ago	0.06 bp	3.2 bp −$3	4.9 bp −$49	doesn't fit	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 −0.0166% / S +0.0337%	1h	784.42	+0.017%	$43K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	784.66	+0.048%	$4K	—	25x	as long as short
Kraken Futures PF_BNBUSD	−0.0021%	1h	784.26	−0.002%	$2.5M	$1.2M	50x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	786.06	+0.226%	$3.0M	$27.5M	10x	as long as short
StandX BNB-USD	0.0000%	1h	785.22	+0.119%	$847K	$2.7M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	784.17	−0.014%	$9.5M	—	150x	as long as short
Aster BNBUSDT	+0.0020%	8h	784.80	+0.066%	$5.9M	$18.4M	200x	as long as short
BingX BNB-USDC	+0.0032%	8h	784.87	+0.075%	—	$13.4M	—	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.653%	$19K	$789K	30x	as long as short
Binance BNBUSDT	+0.0037%	8h	784.79	+0.065%	$487.8M	$809.6M	75x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC BNB_USDT	+0.0037%	8h	785.90	+0.206%	$82.3M	$12.2M	200x	as long as short
Lighter BNB	+0.0096%	1h	784.50	+0.028%	$2.7M	$3.6M	20x	as long as short
Nado BNB-PERP	+0.0100%	1h	784.15	−0.017%	$1.4M	$2.6M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	784.94	+0.084%	$51.5M	$17.6M	10x	as long as short
Pacifica BNB	+0.0100%	1h	784.62	+0.043%	$1.2M	$937K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	784.03	−0.032%	$138.1M	$73.1M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	784.00	−0.036%	$53.3M	$110.1M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	784.60	+0.040%	$52K	$125K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	784.30	+0.002%	$39.3M	$55.8M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	784.04	−0.031%	$27.6M	$10.2M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	783.82	−0.059%	$75.2M	$32.4M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	784.84	+0.071%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	785.32	+0.132%	$4.3M	$4.9M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	785.26	+0.125%	$4.1M	$76.2M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	785.29	+0.128%	$158K	$440K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	784.45	+0.021%	$131K	$924K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	784.28	0.000%	$264K	$358K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	785.63	+0.172%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	784.88	+0.076%	$12K	$1.5M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	784.40	+0.015%	$386K	$942K	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	784.66	+0.048%	$8.0M	$10.3M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	784.92	+0.081%	$78K	$37K	50x	as long as short
Extended BNB-USDshort	+0.0104%	1h	783.89	−0.050%	$1.8M	$5.8M	50x
Aevo BNB-PERPlong	+0.0104%	1h	784.28	long leg	$377K	$110K	10x
Kalshi KXBNBPERP	+0.0110%	8h	785.10	+0.104%	$159K	$2.6M	4.8x	as long as short
Coinbase International BNB-PERP-INTX	+0.0120%	1h	785.76	+0.188%	$547K	$1.9M	50x	as long as short
Phoenix BNB	+0.0120%	1h	785.84	+0.199%	$158K	$38K	10x	as long as short
dYdX BNB-USD	+0.0150%	1h	784.84	+0.072%	$157K	$65K	10x	as long as short
BloFin BNB-USDT	+0.0153%	8h	785.36	+0.137%	$17.8M	$2.2M	75x	as long as short
Bulk BNB-USD	+0.0212%	1h	785.97	+0.215%	$637K	$831	10x	as long as short
Phemex BNBUSDT	+0.0220%	8h	784.99	+0.090%	$68.4M	$50.9M	50x	as long as short
01 Exchange BNBUSD	+0.0232%	1h	784.92	+0.081%	$28K	$3K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	784.67	+0.049%	$1.5M	$141K	25x	as long as short
Reya BNBRUSDPERP	+0.0319%	1h	783.96	−0.041%	$6K	$3K	40x	as long as short
RISEx BNB/USDC	+0.0355%	1h	784.60	+0.040%	$1.1M	$911K	20x	as long as short
Hibachi BNB/USDT-P	+0.0416%	1h	784.84	+0.071%	$67K	$39K	12x	as long as short