Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%

Price spread now: OKX against Aevo−0.040%50s7-day average −0.036% · you buy dearer than you sell

Net, funding: paid 7d − costs−$94as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$870.875% of the position

Long on Aevo Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.062%−$6 on $10k

Price spread, last 3 days (all we have)+0.066%+$7 · spread now −0.040%, 7d avg −0.036%

Together, before fees+0.003%$0 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	805.22	0.0104	pay 0.0013% / 1h	49m 29s	$387K	$40K	10x
Short	OKX BNB-USDT-SWAP	804.90	0.0100	get 0.0100% / 8h	1h 49m	$55.1M	$116.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.040%Rate

Funding earned: −$0.84
Price spread: −0.040% → −0.036%: −$0.43
Slippage, 4 orders: −$61.46
Fee Aevo: 8 bp × 2 orders: −$16
Fee OKX: 5 bp × 2 orders: −$10
Net: −$88.73
Costs to cover: 0.875%
Break-even: never at this rate

Slippage from Aevo: live order book, 35 min ago; OKX: live order book, 5 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, 35 min ago	12.10 bp	43.9 bp −$44	52.6 bp −$526	79.9 bp −$7,995	doesn't fit
Sell OKX live order book, 5 min ago	0.62 bp	6.3 bp −$6	8.1 bp −$81	17.7 bp −$1,768	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 −0.0195% / S +0.0371%	1h	805.06	−0.020%	$49K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	805.58	+0.044%	$4K	$1K	25x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	805.16	−0.009%	$3.0M	$29.3M	10x	as long as short
Kalshi KXBNBPERP	0.0000%	8h	805.80	+0.071%	$108K	$2.5M	4.8x	as long as short
StandX BNB-USD	0.0000%	1h	805.40	+0.022%	$870K	$2.8M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	805.11	−0.014%	$9.8M	—	150x	as long as short
Variational Omni BNB	+0.0047%	8h	804.38	−0.105%	$4.1M	$5.3M	—	as long as short
Hibachi BNB/USDT-P	+0.0056%	1h	805.18	−0.006%	$71K	$48K	12x	as long as short
BingX BNB-USDC	+0.0057%	8h	805.29	+0.008%	—	$13.3M	—	as long as short
Bybit BNBUSDT	+0.0084%	8h	804.80	−0.053%	$139.5M	$82.0M	75x	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	805.44	+0.027%	$2.8M	$4.2M	20x	as long as short
Coinbase International BNB-PERP-INTX	+0.0096%	1h	805.76	+0.066%	$608K	$882K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	804.80	−0.053%	$1.5M	$2.8M	20x	as long as short
Pacifica BNB	+0.0100%	1h	805.33	+0.013%	$1.2M	$924K	20x	as long as short
OKX BNB-USDT-SWAPshort	+0.0100%	8h	804.90	−0.040%	$55.1M	$116.1M	50x
Arcus BNB-USD	+0.0100%	1h	805.50	+0.034%	$53K	$170K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	805.00	−0.028%	$36.2M	$57.2M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	804.96	−0.033%	$28.2M	$10.5M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	804.77	−0.057%	$78.7M	$25.0M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	805.44	+0.027%	$4.2M	$76.5M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	805.60	+0.047%	$162K	$439K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	805.00	−0.028%	$116K	$870K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	805.05	−0.022%	$389K	$592K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	805.30	+0.010%	$32K	$5K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	805.23	0.000%	$13K	$1.7M	50x	as long as short
HTX BNB-USDT	+0.0100%	8h	805.15	−0.010%	$8.2M	$7.6M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	805.97	+0.092%	$79K	$19K	50x	as long as short
Aster BNBUSDT	+0.0103%	8h	805.73	+0.063%	$6.4M	$18.8M	200x	as long as short
Extended BNB-USD	+0.0104%	1h	804.68	−0.068%	$1.9M	$6.0M	50x	as long as short
Aevo BNB-PERPlong	+0.0104%	1h	805.22	long leg	$387K	$40K	10x
MEXC BNB_USDT	+0.0117%	8h	806.00	+0.096%	$84.6M	$13.3M	200x	as long as short
Binance BNBUSDT	+0.0118%	8h	805.77	+0.067%	$520.6M	$805.1M	75x	as long as short
Phemex BNBUSDT	+0.0134%	8h	805.64	+0.052%	$70.3M	$51.9M	50x	as long as short
Hyperliquid BNB	+0.0151%	1h	805.76	+0.066%	$51.8M	$22.0M	10x	as long as short
SoDEX BNB-USD	+0.0154%	1h	805.20	−0.003%	$396K	$1.0M	10x	as long as short
Phoenix BNB	+0.0155%	1h	805.39	+0.020%	$173K	$35K	10x	as long as short
dYdX BNB-USD	+0.0185%	1h	805.13	−0.012%	$162K	$63K	10x	as long as short
Kraken Futures PF_BNBUSD	+0.0205%	1h	805.03	−0.025%	$2.5M	$932K	50x	as long as short
BloFin BNB-USDT	+0.0238%	8h	805.41	+0.023%	$18.8M	$3.1M	75x	as long as short
Bulk BNB-USD	+0.0274%	1h	805.55	+0.040%	$651K	$14K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	805.54	+0.040%	$1.6M	$165K	25x	as long as short
Injective BNB/USDC PERP	+0.0311%	1h	805.09	−0.017%	$19K	$789K	30x	as long as short
RISEx BNB/USDC	+0.0318%	1h	805.37	+0.018%	$1.1M	$1.4M	20x	as long as short
Reya BNBRUSDPERP	+0.0333%	1h	804.73	−0.062%	$6K	$3K	40x	as long as short
01 Exchange BNBUSD	+0.0344%	1h	805.89	+0.083%	$29K	$1K	10x	as long as short
Backpack BNB_USDC_PERP	+0.0716%	1h	806.19	+0.120%	$3.0M	$5.5M	40x	as long as short