Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%

Price spread now: SunX against Aevo+0.096%7-day average +0.067% · you sell dearer than you buy

Net, funding: paid 7d − costs−$110as in the Funding arb table

Net, price: spread back to 7d avg − costs−$106as in the Price arb table

costs, in and out, $10k−$1091.088% of the position

Long on Aevo Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.008%−$1 on $10k

Price spread, last 4 days (all we have)−0.076%−$8 · spread now +0.096%, 7d avg +0.067%

Together, before fees−0.085%−$8 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: SunX is 0.030% dearer against Aevo than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.067%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo BNB-PERP	786.38	0.0104	pay 0.0013% / 1h	47m 13s	$378K	$110K	10x
Short	SunX BNB-USDT	787.14	0.0100	get 0.0100% / 8h	1h 47m	$12K	$1.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.096%Rate

Funding earned: −$0.84
Price spread: +0.096% → +0.067%: $2.97
Slippage, 4 orders: −$84.79
Fee Aevo: 8 bp × 2 orders: −$16
Fee SunX: 4 bp × 2 orders: −$8
Net: −$106.65
Costs to cover: 1.088%
Break-even: never at this rate

Slippage from Aevo: live order book, 62 min ago; SunX: live order book, 8 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, 62 min ago	8.25 bp	29.8 bp −$30	34.7 bp −$347	56.6 bp −$5,663	doesn't fit
Sell SunX live order book, 8 min ago	15.07 bp	23.7 bp −$24	39.0 bp −$390	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 −0.0170% / S +0.0337%	1h	786.28	−0.012%	$43K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	786.95	+0.072%	$4K	$42	25x	as long as short
StandX BNB-USD	0.0000%	1h	787.44	+0.135%	$849K	$2.9M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	786.29	−0.011%	$9.5M	—	150x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.379%	$19K	$789K	30x	as long as short
Aster BNBUSDT	+0.0048%	8h	787.01	+0.080%	$6.1M	$19.0M	200x	as long as short
BingX BNB-USDT	+0.0054%	8h	786.52	+0.018%	—	$22.2M	—	as long as short
dYdX BNB-USD	+0.0062%	1h	786.47	+0.011%	$159K	$62K	10x	as long as short
MEXC BNB_USDT	+0.0066%	8h	787.30	+0.117%	$81.0M	$12.0M	200x	as long as short
Binance BNBUSDT	+0.0067%	8h	786.86	+0.061%	$490.2M	$816.1M	75x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex BNBUSDT	+0.0075%	8h	786.93	+0.070%	$68.9M	$51.0M	50x	as long as short
Coinbase International BNB-PERP-INTX	+0.0080%	1h	786.56	+0.023%	$568K	$1.9M	50x	as long as short
Lighter BNB	+0.0096%	1h	786.49	+0.014%	$2.7M	$3.8M	20x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	786.40	+0.002%	$265K	$471K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	786.65	+0.034%	$1.4M	$2.7M	20x	as long as short
Pacifica BNB	+0.0100%	1h	786.84	+0.058%	$1.2M	$933K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	786.20	−0.023%	$138.4M	$75.2M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	786.10	−0.036%	$53.5M	$113.0M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	786.60	+0.028%	$52K	$129K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	786.40	+0.002%	$37.1M	$58.8M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	786.07	−0.040%	$27.6M	$10.2M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	786.16	−0.028%	$76.1M	$31.1M	75x	as long as short
Variational Omni BNB	+0.0100%	8h	786.52	+0.018%	$4.0M	$4.8M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	787.23	+0.108%	$4.1M	$75.9M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	787.07	+0.088%	$158K	$437K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	786.39	+0.001%	$131K	$949K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	786.51	+0.016%	$31K	$12K	10x	as long as short
SunX BNB-USDTshort	+0.0100%	8h	787.14	+0.096%	$12K	$1.5M	50x
SoDEX BNB-USD	+0.0100%	1h	786.50	+0.015%	$387K	$985K	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	786.78	+0.051%	$8.0M	$10.1M	75x	as long as short
Paradex BNB-USD-PERP	+0.0101%	8h	786.89	+0.065%	$76K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	786.03	−0.044%	$1.8M	$6.2M	50x	as long as short
Aevo BNB-PERPlong	+0.0104%	1h	786.38	long leg	$378K	$110K	10x
Hyperliquid BNB	+0.0126%	1h	787.04	+0.084%	$51.5M	$17.6M	10x	as long as short
Phoenix BNB	+0.0135%	1h	787.01	+0.080%	$169K	$35K	10x	as long as short
Kalshi KXBNBPERP	+0.0139%	8h	786.60	+0.028%	$170K	$2.7M	4.8x	as long as short
Backpack BNB_USDC_PERP	+0.0157%	1h	786.95	+0.072%	$2.2M	$6.1M	40x	as long as short
BloFin BNB-USDT	+0.0187%	8h	786.90	+0.066%	$17.7M	$2.2M	75x	as long as short
Kraken Futures PF_BNBUSD	+0.0206%	1h	786.31	−0.010%	$2.5M	$1.2M	50x	as long as short
GRVT BNB_USDT_Perp	+0.0226%	8h	787.27	+0.113%	$2.9M	$29.5M	10x	as long as short
01 Exchange BNBUSD	+0.0272%	1h	787.15	+0.098%	$28K	$4K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	786.78	+0.050%	$1.5M	$143K	25x	as long as short
Reya BNBRUSDPERP	+0.0322%	1h	786.11	−0.035%	$6K	$3K	40x	as long as short
Bulk BNB-USD	+0.0328%	1h	787.20	+0.104%	$638K	$4K	10x	as long as short
RISEx BNB/USDC	+0.0438%	1h	786.88	+0.063%	$1.1M	$909K	20x	as long as short
Hibachi BNB/USDT-P	+0.0552%	1h	786.90	+0.066%	$67K	$39K	12x	as long as short