Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%

Price spread now: KuCoin against Aevo−0.008%7-day average −0.023% · you buy dearer than you sell

Net, funding: paid 7d − costs−$87as in the Funding arb table

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

costs, in and out, $10k−$830.831% of the position

Long on Aevo Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.041%−$4 on $10k

Price spread, last 3 days (all we have)+0.028%+$3 · spread now −0.008%, 7d avg −0.023%

Together, before fees−0.013%−$1 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	801.90	0.0104	pay 0.0013% / 1h	41m 11s	$385K	$40K	10x
Short	KuCoin BNBUSDTM	801.84	0.0100	get 0.0100% / 8h	41m 11s	$28.0M	$10.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.008%Rate

Funding earned: −$0.84
Price spread: −0.008% → −0.023%: $1.53
Slippage, 4 orders: −$55.08
Fee Aevo: 8 bp × 2 orders: −$16
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$82.39
Costs to cover: 0.831%
Break-even: never at this rate

Slippage from Aevo: live order book, 38 min ago; KuCoin: 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, 38 min ago	11.55 bp	37.7 bp −$38	44.4 bp −$444	65.8 bp −$6,583	doesn't fit
Sell KuCoin live order book, 3 min ago	0.87 bp	10.1 bp −$10	16.8 bp −$168	44.8 bp −$4,484	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 −0.0201% / S +0.0372%	1h	802.02	+0.015%	$48K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	802.26	+0.045%	$4K	$1K	25x	as long as short
Kraken Futures PF_BNBUSD	−0.0074%	1h	801.61	−0.037%	$2.6M	$970K	50x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	802.87	+0.121%	$3.0M	$28.0M	10x	as long as short
StandX BNB-USD	0.0000%	1h	803.34	+0.179%	$868K	$2.9M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	801.96	+0.008%	$9.8M	—	150x	as long as short
Variational Omni BNB	+0.0027%	8h	802.45	+0.068%	$4.2M	$5.4M	—	as long as short
BingX BNB-USDT	+0.0048%	8h	801.88	−0.003%	—	$34.8M	—	as long as short
Bybit BNBUSDT	+0.0058%	8h	801.30	−0.075%	$139.1M	$78.6M	75x	as long as short
Coinbase International BNB-PERP-INTX	+0.0072%	1h	800.72	−0.147%	$607K	$995K	50x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter BNB	+0.0096%	1h	801.94	+0.005%	$2.8M	$4.1M	20x	as long as short
Nado BNB-PERP	+0.0100%	1h	801.68	−0.028%	$1.4M	$2.7M	20x	as long as short
Pacifica BNB	+0.0100%	1h	801.84	−0.008%	$1.2M	$926K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	801.40	−0.062%	$54.6M	$113.4M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	802.20	+0.037%	$53K	$133K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	801.80	−0.013%	$35.9M	$57.8M	75x	as long as short
KuCoin BNBUSDTMshort	+0.0100%	8h	801.84	−0.008%	$28.0M	$10.3M	75x
Bitget BNBUSDT	+0.0100%	8h	801.48	−0.053%	$79.5M	$27.4M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	803.59	+0.211%	$4.2M	$77.8M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	803.34	+0.179%	$162K	$442K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	801.84	−0.008%	$117K	$875K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	801.89	−0.001%	$387K	$497K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	802.07	+0.021%	$32K	$5K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	802.20	+0.038%	$13K	$1.7M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	801.90	0.000%	$394K	$1.0M	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	801.87	−0.004%	$8.2M	$8.0M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	802.23	+0.041%	$78K	$19K	50x	as long as short
Aster BNBUSDT	+0.0100%	8h	802.52	+0.077%	$6.4M	$19.0M	200x	as long as short
Extended BNB-USD	+0.0104%	1h	801.21	−0.087%	$1.8M	$6.4M	50x	as long as short
Aevo BNB-PERPlong	+0.0104%	1h	801.90	long leg	$385K	$40K	10x
Phemex BNBUSDT	+0.0112%	8h	802.42	+0.065%	$70.1M	$50.9M	50x	as long as short
Kalshi KXBNBPERP	+0.0114%	8h	802.40	+0.062%	$110K	$2.9M	4.8x	as long as short
MEXC BNB_USDT	+0.0123%	8h	802.60	+0.087%	$83.4M	$13.5M	200x	as long as short
Binance BNBUSDT	+0.0123%	8h	802.24	+0.042%	$501.7M	$817.2M	75x	as long as short
Phoenix BNB	+0.0127%	1h	802.03	+0.016%	$172K	$36K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0200%	1h	802.17	+0.034%	$1.6M	$165K	25x	as long as short
Hyperliquid BNB	+0.0218%	1h	802.70	+0.100%	$52.0M	$21.4M	10x	as long as short
Hibachi BNB/USDT-P	+0.0224%	1h	801.92	+0.002%	$70K	$44K	12x	as long as short
BloFin BNB-USDT	+0.0243%	8h	802.44	+0.067%	$18.3M	$2.5M	75x	as long as short
RISEx BNB/USDC	+0.0258%	1h	801.96	+0.007%	$1.1M	$1.4M	20x	as long as short
Injective BNB/USDC PERP	+0.0306%	1h	805.09	+0.398%	$19K	$789K	30x	as long as short
Bulk BNB-USD	+0.0309%	1h	803.58	+0.209%	$653K	$20K	10x	as long as short
Reya BNBRUSDPERP	+0.0332%	1h	801.53	−0.046%	$6K	$3K	40x	as long as short
01 Exchange BNBUSD	+0.0344%	1h	802.51	+0.076%	$28K	$1K	10x	as long as short
Backpack BNB_USDC_PERP	+0.0364%	1h	802.48	+0.072%	$2.7M	$5.7M	40x	as long as short
dYdX BNB-USD	+0.0432%	1h	802.20	+0.037%	$162K	$62K	10x	as long as short