Funding you earn now, next payment 01:00 UTC−0.0023%/8h= −2.5% APRnext payment −$0.03 per $10,000 · paid last 24h −0.051%
Price spread now: Aevo against Bulk−0.038%7-day average −0.085% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$29as in the Price arb table
costs, in and out, $10k−$340.338% of the position
Funding, last 3 days (all we have)−0.224%−$22 on $10k
+Price spread, last 3 days (all we have)−0.033%−$3 · spread now −0.038%, 7d avg −0.085%
=The price spread pays, funding is against you. Aevo is 0.047% dearer against Bulk than usual: you sell high and buy low (spread −0.038% now, against its 7-day average of −0.085%): +$5 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 6.9 days. At the pace of the last 3 days (−0.224% in total) that is about 17 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bulk BNB-USD | 799.69 | 0.0127 | pay 0.0016% / 1h | 36m 28s | $649K | $10K | 10x |
| Short | Aevo BNB-PERP | 799.38 | 0.0104 | get 0.0013% / 1h | 36m 28s | $384K | $108K | 10x |
Bulk BNB-USD
Aevo BNB-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Aevo against Bulk. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$4.76
- Price spread: −0.038% → −0.085%
- $4.71
- Slippage, 4 orders
- −$10.8
- Fee Bulk: 3.5 bp × 2 orders
- −$7
- Fee Aevo: 8 bp × 2 orders
- −$16
- Net
- −$33.85
- Costs to cover
- 0.338%
- Break-even
- never at this rate
Slippage from Bulk: live order book, 38 min ago; Aevo: live order book, 38 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 Bulk live order book, 38 min ago | 0.06 bp | 3.6 bp −$4 | 3.6 bp −$36 | 4.9 bp −$488 | 11.1 bp −$5,571 |
| Sell Aevo live order book, 38 min ago | 2.82 bp | 14.1 bp −$14 | 19.7 bp −$197 | 24.0 bp −$2,398 | 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 | 799.12 | −0.071% | $47K | — | 200x | as long as short |
| Kraken Futures PF_BNBUSD | −0.0121% | 1h | 799.20 | −0.061% | $2.5M | $974K | 50x | as long as short |
| Hotstuff BNB-PERP | −0.0080% | 1h | 799.66 | −0.003% | $4K | $239 | 25x | as long as short |
| BingX BNB-USDT | −0.0057% | 8h | 799.22 | −0.058% | — | $35.0M | — | as long as short |
| Bybit BNBUSDT | −0.0039% | 8h | 798.90 | −0.098% | $138.7M | $75.5M | 75x | as long as short |
| GRVT BNB_USDT_Perp | 0.0000% | 8h | 799.67 | −0.002% | $3.0M | $27.4M | 10x | as long as short |
| StandX BNB-USD | 0.0000% | 1h | 799.95 | +0.033% | $864K | $2.9M | 30x | as long as short |
| Phemex BNBUSDT | 0.0000% | 8h | 799.87 | +0.023% | $69.9M | $50.5M | 50x | as long as short |
| Variational Omni BNB | +0.0005% | 8h | 798.83 | −0.108% | $4.1M | $5.3M | — | as long as short |
| gTrade (Gains Network) BNB/USD | L +0.0008% / S −0.0007% | 1h | 799.14 | −0.069% | $9.7M | — | 150x | as long as short |
GMX BNB/USD [WBTC.b-USDC]
Kraken Futures PF_BNBUSD
Hotstuff BNB-PERP
BingX BNB-USDT
Bybit BNBUSDT
GRVT BNB_USDT_Perp
StandX BNB-USD
Phemex BNBUSDT
Variational Omni BNB
gTrade (Gains Network) BNB/USDShow all 46 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective BNB/USDC PERP | +0.0033% | 1h | 805.09 | +0.676% | $19K | $789K | 30x | as long as short |
| Coinbase International BNB-PERP-INTX | +0.0048% | 1h | 798.00 | −0.211% | $601K | $969K | 50x | as long as short |
| Aster BNBUSDT | +0.0065% | 8h | 799.76 | +0.009% | $6.2M | $19.1M | 200x | as long as short |
| MEXC BNB_USDT | +0.0086% | 8h | 800.00 | +0.039% | $83.2M | $13.5M | 200x | as long as short |
| Binance BNBUSDT | +0.0087% | 8h | 799.71 | +0.003% | $496.5M | $807.5M | 75x | as long as short |
| Lighter BNB | +0.0096% | 1h | 799.82 | +0.016% | $2.8M | $4.0M | 20x | as long as short |
| Phoenix BNB | +0.0099% | 1h | 799.23 | −0.057% | $172K | $36K | 10x | as long as short |
| Nado BNB-PERP | +0.0100% | 1h | 799.46 | −0.029% | $1.5M | $2.6M | 20x | as long as short |
| Pacifica BNB | +0.0100% | 1h | 799.76 | +0.009% | $1.2M | $924K | 20x | as long as short |
| OKX BNB-USDT-SWAP | +0.0100% | 8h | 798.90 | −0.098% | $54.2M | $110.3M | 50x | as long as short |
| Arcus BNB-USD | +0.0100% | 1h | 799.80 | +0.014% | $53K | $133K | 10x | as long as short |
| Gate BNB_USDT | +0.0100% | 8h | 799.00 | −0.086% | $35.7M | $56.1M | 75x | as long as short |
| KuCoin BNBUSDTM | +0.0100% | 8h | 799.59 | −0.012% | $28.0M | $10.0M | 75x | as long as short |
| Bitget BNBUSDT | +0.0100% | 8h | 799.00 | −0.086% | $78.8M | $27.3M | 75x | as long as short |
| edgeX BNBUSDC | +0.0100% | 4h | 799.78 | +0.011% | $4.2M | $76.3M | 30x | as long as short |
| ApeX Omni BNBUSDT | +0.0100% | 1h | 799.89 | +0.025% | $161K | $436K | 50x | as long as short |
| Polymarket Perps BNB-USD | +0.0100% | 1h | 799.07 | −0.077% | $118K | $871K | 10x | as long as short |
| Orderly PERP_BNB_USDC | +0.0100% | 8h | 799.09 | −0.075% | $386K | $459K | 50x | as long as short |
| Derive BNB-PERP | +0.0100% | 1h | 799.46 | −0.029% | $32K | $5K | 10x | as long as short |
| SunX BNB-USDT | +0.0100% | 8h | 799.84 | +0.019% | $13K | $1.7M | 50x | as long as short |
| SoDEX BNB-USD | +0.0100% | 1h | 799.60 | −0.011% | $393K | $1.0M | 10x | as long as short |
| HTX BNB-USDT | +0.0100% | 8h | 799.44 | −0.031% | $8.2M | $8.2M | 75x | as long as short |
| Paradex BNB-USD-PERP | +0.0100% | 8h | 800.31 | +0.077% | $78K | $18K | 50x | as long as short |
| Extended BNB-USD | +0.0104% | 1h | 799.03 | −0.082% | $1.8M | $6.3M | 50x | as long as short |
| Aevo BNB-PERPshort | +0.0104% | 1h | 799.38 | −0.038% | $384K | $108K | 10x | |
| Bulk BNB-USDlong | +0.0127% | 1h | 799.69 | long leg | $649K | $10K | 10x | |
| Hibachi BNB/USDT-P | +0.0144% | 1h | 798.96 | −0.091% | $69K | $37K | 12x | as long as short |
| RISEx BNB/USDC | +0.0155% | 1h | 799.63 | −0.008% | $1.1M | $1.4M | 20x | as long as short |
| Kalshi KXBNBPERP | +0.0155% | 8h | 799.60 | −0.011% | $90K | $2.8M | 4.8x | as long as short |
| Deribit BNB_USDC-PERPETUAL | +0.0200% | 1h | 799.80 | +0.014% | $1.6M | $160K | 25x | as long as short |
| BloFin BNB-USDT | +0.0207% | 8h | 799.67 | −0.002% | $18.1M | $2.5M | 75x | as long as short |
| 01 Exchange BNBUSD | +0.0216% | 1h | 799.84 | +0.019% | $28K | $1K | 10x | as long as short |
| dYdX BNB-USD | +0.0263% | 1h | 799.57 | −0.014% | $161K | $63K | 10x | as long as short |
| Hyperliquid BNB | +0.0315% | 1h | 799.92 | +0.029% | $53.2M | $20.6M | 10x | as long as short |
| Reya BNBRUSDPERP | +0.0330% | 1h | 798.71 | −0.122% | $6K | $3K | 40x | as long as short |
| Backpack BNB_USDC_PERP | +0.0398% | 1h | 800.43 | +0.093% | $2.7M | $5.6M | 40x | as long as short |
Injective BNB/USDC PERP
Coinbase International BNB-PERP-INTX
Aster BNBUSDT
MEXC BNB_USDT
Binance BNBUSDT
Lighter BNB
Phoenix BNB
Nado BNB-PERP
Pacifica BNB
OKX BNB-USDT-SWAP
Arcus BNB-USD
Gate BNB_USDT
KuCoin BNBUSDTM
Bitget BNBUSDT
edgeX BNBUSDC
ApeX Omni BNBUSDT
Polymarket Perps BNB-USD
Orderly PERP_BNB_USDC
Derive BNB-PERP
SunX BNB-USDT
SoDEX BNB-USD
HTX BNB-USDT
Paradex BNB-USD-PERP
Extended BNB-USD
Hibachi BNB/USDT-P
RISEx BNB/USDC
Kalshi KXBNBPERP
Deribit BNB_USDC-PERPETUAL
BloFin BNB-USDT
01 Exchange BNBUSD
dYdX BNB-USD
Hyperliquid BNB
Reya BNBRUSDPERP
Backpack BNB_USDC_PERP