BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.00 per $10,000 · paid last 24h −0.046%

Price spread now: Aevo against Backpack−0.052%7-day average −0.046% · you buy dearer than you sell

Net, funding: paid 7d − costs−$62as in the Funding arb table

Net, price: spread back to 7d avg − costs−$52as in the Price arb table

costs, in and out, $10k−$520.515% of the position

Long on Backpack Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 7 days−0.105%−$11 on $10k

Price spread, last 4 days (all we have)−0.010%−$1 · spread now −0.052%, 7d avg −0.046%

Together, before fees−0.116%−$12 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack BNB_USDC_PERP	786.31	0.0100	pay 0.0013% / 1h	53m 36s	$2.2M	$6.1M	40x
Short	Aevo BNB-PERP	785.90	0.0104	get 0.0013% / 1h	53m 36s	$378K	$110K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Backpack. 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 BackpackbpFee AevobpOrdersPrice spread, now −0.052%Rate

Funding earned: $0.84
Price spread: −0.052% → −0.046%: −$0.55
Slippage, 4 orders: −$25.54
Fee Backpack: 5 bp × 2 orders: −$10
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$51.25
Costs to cover: 0.515%
Break-even: 434.1 days

Slippage from Backpack: live order book, 1 min ago; Aevo: live order book, 45 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 Backpack live order book, 1 min ago	0.06 bp	5.8 bp −$6	8.0 bp −$80	doesn't fit	doesn't fit
Sell Aevo live order book, 45 min ago	5.09 bp	24.0 bp −$24	34.2 bp −$342	53.7 bp −$5,371	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 −0.0168% / S +0.0337%	1h	785.90	−0.052%	$43K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	786.16	−0.019%	$4K	—	25x	as long as short
Kraken Futures PF_BNBUSD	−0.0021%	1h	785.83	−0.061%	$2.5M	$1.2M	50x	as long as short
StandX BNB-USD	0.0000%	1h	787.07	+0.097%	$849K	$2.7M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	785.79	−0.067%	$9.5M	—	150x	as long as short
Aster BNBUSDT	+0.0029%	8h	786.52	+0.027%	$6.0M	$18.6M	200x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.388%	$19K	$789K	30x	as long as short
dYdX BNB-USD	+0.0036%	1h	785.65	−0.083%	$159K	$62K	10x	as long as short
BingX BNB-USDT	+0.0036%	8h	786.13	−0.023%	—	$22.1M	—	as long as short
MEXC BNB_USDT	+0.0045%	8h	787.40	+0.139%	$81.8M	$12.1M	200x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance BNBUSDT	+0.0045%	8h	786.48	+0.022%	$489.2M	$812.6M	75x	as long as short
Lighter BNB	+0.0096%	1h	786.06	−0.032%	$2.7M	$3.6M	20x	as long as short
Phoenix BNB	+0.0100%	1h	785.66	−0.083%	$158K	$38K	10x	as long as short
Nado BNB-PERP	+0.0100%	1h	785.95	−0.046%	$1.4M	$2.6M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	786.59	+0.036%	$51.6M	$17.5M	10x	as long as short
Pacifica BNB	+0.0100%	1h	786.22	−0.011%	$1.2M	$937K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	785.80	−0.065%	$138.4M	$73.4M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	785.80	−0.065%	$53.5M	$111.5M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	786.30	−0.001%	$52K	$125K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	786.00	−0.039%	$39.0M	$55.4M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	785.79	−0.066%	$27.7M	$10.2M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	785.60	−0.090%	$75.4M	$32.6M	75x	as long as short
Backpack BNB_USDC_PERPlong	+0.0100%	1h	786.31	long leg	$2.2M	$6.1M	40x
Variational Omni BNB	+0.0100%	8h	785.82	−0.062%	$4.1M	$4.7M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	786.27	−0.005%	$4.1M	$76.6M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	785.42	−0.113%	$158K	$439K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	786.18	−0.017%	$131K	$942K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	785.96	−0.045%	$264K	$358K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	786.49	+0.023%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	786.57	+0.033%	$12K	$1.5M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	786.00	−0.039%	$386K	$952K	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	786.19	−0.016%	$8.0M	$10.3M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	786.51	+0.026%	$78K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	785.63	−0.086%	$1.8M	$5.8M	50x	as long as short
Aevo BNB-PERPshort	+0.0104%	1h	785.90	−0.052%	$378K	$110K	10x
Kalshi KXBNBPERP	+0.0110%	8h	786.50	+0.024%	$171K	$2.6M	4.8x	as long as short
Coinbase International BNB-PERP-INTX	+0.0120%	1h	786.59	+0.036%	$548K	$1.9M	50x	as long as short
Phemex BNBUSDT	+0.0153%	8h	786.59	+0.036%	$68.6M	$51.1M	50x	as long as short
BloFin BNB-USDT	+0.0166%	8h	786.02	−0.037%	$17.8M	$2.2M	75x	as long as short
GRVT BNB_USDT_Perp	+0.0185%	8h	785.57	−0.094%	$2.9M	$27.5M	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0200%	1h	786.32	+0.001%	$1.5M	$141K	25x	as long as short
Bulk BNB-USD	+0.0208%	1h	785.85	−0.058%	$637K	$831	10x	as long as short
01 Exchange BNBUSD	+0.0240%	1h	786.64	+0.042%	$28K	$3K	10x	as long as short
Reya BNBRUSDPERP	+0.0320%	1h	785.71	−0.077%	$6K	$3K	40x	as long as short
RISEx BNB/USDC	+0.0355%	1h	786.37	+0.008%	$1.1M	$911K	20x	as long as short
Hibachi BNB/USDT-P	+0.0432%	1h	785.96	−0.045%	$67K	$39K	12x	as long as short