BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.00 per $10,000 · paid last 24h −0.031%

Price spread now: Aevo against Deribit−0.061%7-day average −0.036% · you buy dearer than you sell

Net, funding: paid 7d − costs−$56as in the Funding arb table

Net, price: spread back to 7d avg − costs−$49as in the Price arb table

costs, in and out, $10k−$460.463% of the position

Long on Deribit Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 7 days−0.094%−$9 on $10k

Price spread, last 4 days (all we have)+0.033%+$3 · spread now −0.061%, 7d avg −0.036%

Together, before fees−0.061%−$6 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: Aevo is 0.025% cheaper against Deribit than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.036%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit BNB_USDC-PERPETUAL	787.64	0.0100	pay 0.0013% / 1h	52m 36s	$1.5M	$157K	25x
Short	Aevo BNB-PERP	787.16	0.0104	get 0.0013% / 1h	52m 36s	$378K	$110K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Deribit. 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 DeribitbpFee AevobpOrdersPrice spread, now −0.061%Rate

Funding earned: $0.84
Price spread: −0.061% → −0.036%: −$2.52
Slippage, 4 orders: −$23.27
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$47.95
Costs to cover: 0.463%
Break-even: 406.6 days

Slippage from Deribit: live order book, 4 min ago; Aevo: live order book, 59 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 Deribit live order book, 4 min ago	3.11 bp	8.5 bp −$8	13.6 bp −$136	doesn't fit	doesn't fit
Sell Aevo live order book, 59 min ago	5.73 bp	16.5 bp −$17	24.0 bp −$240	27.8 bp −$2,780	doesn't fit

BNB on 45 exchanges

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 −0.0166% / S +0.0336%	1h	787.13	−0.065%	$43K	—	200x	as long as short
Kraken Futures PF_BNBUSD	−0.0085%	1h	787.20	−0.057%	$2.5M	$1.2M	50x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	788.09	+0.057%	$4K	—	25x	as long as short
Aster BNBUSDT	0.0000%	8h	787.65	+0.001%	$5.9M	$17.0M	200x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	787.82	+0.023%	$3.0M	$26.5M	10x	as long as short
Kalshi KXBNBPERP	0.0000%	8h	787.80	+0.020%	$139K	$2.5M	4.8x	as long as short
StandX BNB-USD	0.0000%	1h	788.22	+0.073%	$850K	$2.9M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	787.21	−0.055%	$9.5M	—	150x	as long as short
MEXC BNB_USDT	+0.0015%	8h	788.70	+0.134%	$83.3M	$11.7M	200x	as long as short
Binance BNBUSDT	+0.0015%	8h	787.64	0.000%	$481.4M	$765.6M	75x	as long as short

Show all 45 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.215%	$19K	$789K	30x	as long as short
Bybit BNBUSDT	+0.0043%	8h	786.77	−0.111%	$138.5M	$67.0M	75x	as long as short
BloFin BNB-USDT	+0.0063%	8h	787.99	+0.044%	$18.4M	$2.2M	75x	as long as short
Phemex BNBUSDT	+0.0089%	8h	787.89	+0.031%	$68.5M	$51.1M	50x	as long as short
Lighter BNB	+0.0096%	1h	787.23	−0.053%	$2.7M	$3.3M	20x	as long as short
Nado BNB-PERP	+0.0100%	1h	787.02	−0.080%	$1.4M	$2.4M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	787.69	+0.006%	$51.9M	$16.8M	10x	as long as short
Pacifica BNB	+0.0100%	1h	787.29	−0.045%	$1.2M	$932K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	786.90	−0.094%	$53.3M	$102.1M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	787.40	−0.031%	$57K	$122K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	787.10	−0.069%	$41.2M	$53.8M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	786.87	−0.098%	$28.2M	$9.6M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	786.86	−0.099%	$75.6M	$30.7M	75x	as long as short
BingX BNB-USDC	+0.0100%	8h	787.12	−0.066%	—	$13.4M	—	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	787.70	+0.007%	$2.2M	$6.0M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	786.85	−0.101%	$4.3M	$4.5M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	787.81	+0.021%	$4.1M	$74.6M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	787.94	+0.038%	$159K	$444K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	787.11	−0.068%	$130K	$905K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	787.34	−0.039%	$264K	$297K	50x	as long as short
SunX BNB-USDT	+0.0100%	8h	787.76	+0.015%	$12K	$1.3M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	787.50	−0.018%	$387K	$926K	10x	as long as short
Deribit BNB_USDC-PERPETUALlong	+0.0100%	1h	787.64	long leg	$1.5M	$157K	25x
HTX BNB-USDT	+0.0100%	8h	787.57	−0.009%	$8.0M	$10.0M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	787.60	−0.006%	$78K	$386K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	786.63	−0.129%	$1.8M	$5.6M	50x	as long as short
Aevo BNB-PERPshort	+0.0104%	1h	787.16	−0.061%	$378K	$110K	10x
Phoenix BNB	+0.0120%	1h	787.92	+0.035%	$158K	$45K	10x	as long as short
Coinbase International BNB-PERP-INTX	+0.0120%	1h	787.48	−0.021%	$545K	$1.9M	50x	as long as short
01 Exchange BNBUSD	+0.0240%	1h	787.65	+0.001%	$28K	$3K	10x	as long as short
Bulk BNB-USD	+0.0282%	1h	788.09	+0.057%	$639K	$0	10x	as long as short
Reya BNBRUSDPERP	+0.0317%	1h	786.81	−0.105%	$6K	$3K	40x	as long as short
Hibachi BNB/USDT-P	+0.0320%	1h	787.45	−0.025%	$67K	$37K	12x	as long as short
RISEx BNB/USDC	+0.0393%	1h	787.41	−0.029%	$1.1M	$901K	20x	as long as short
dYdX BNB-USD	+0.1054%	1h	787.47	−0.022%	$158K	$34K	10x	as long as short