Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0060%/8h= −6.5% APRpaid last 24h +0.001%

Price spread now: Aster against edgeX−0.054%7-day average +0.035% · you buy dearer than you sell

Net, funding: paid 7d − costs−$31as in the Funding arb table

Net, price: spread back to 7d avg − costs−$32as in the Price arb table

costs, in and out, $10k−$230.231% of the position

Long on edgeX Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days−0.079%−$8 on $10k

Price spread, last 7 days+0.075%+$7 · spread now −0.054%, 7d avg +0.035%

Together, before fees−0.004%+ Points / potential airdropedgeX: Active · Aster: Stage 5 · farm board$0 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Aster is 0.089% cheaper against edgeX than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of +0.035%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX BNBUSDC	790.18	0.0100	pay 0.0050% / 4h	41m 27s	$4.1M	$73.5M	30x
Short	Aster BNBUSDT	789.75	0.0040	get 0.0040% / 8h	4h 41m	$6.1M	$18.7M	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against edgeX. 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 edgeXbpFee AsterbpOrdersPrice spread, now −0.054%Rate

Funding earned: −$12.52
Price spread: −0.054% → +0.035%: −$8.94
Slippage, 4 orders: −$6.13
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Aster: 4 bp × 2 orders: −$8
Net: −$44.6
Costs to cover: 0.231%
Break-even: never at this rate

Slippage from edgeX: live order book, 3 min ago; Aster: live order book, 2 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 edgeX live order book, 3 min ago	2.53 bp	7.0 bp −$7	7.0 bp −$70	10.7 bp −$1,070	doesn't fit
Sell Aster live order book, 2 min ago	0.44 bp	4.6 bp −$5	5.2 bp −$52	17.0 bp −$1,699	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 −0.0184% / S +0.0349%	1h	788.99	−0.150%	$46K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	789.71	−0.059%	$4K	$42	25x	as long as short
StandX BNB-USD	0.0000%	1h	790.66	+0.061%	$855K	$3.2M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	789.01	−0.148%	$9.5M	—	150x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+1.887%	$19K	$789K	30x	as long as short
Aster BNBUSDTshort	+0.0040%	8h	789.75	−0.054%	$6.1M	$18.7M	200x
BingX BNB-USDC	+0.0054%	8h	789.51	−0.085%	—	$13.4M	—	as long as short
Coinbase International BNB-PERP-INTX	+0.0064%	1h	789.45	−0.092%	$582K	$1.9M	50x	as long as short
MEXC BNB_USDT	+0.0066%	8h	790.10	−0.010%	$80.2M	$12.3M	200x	as long as short
Binance BNBUSDT	+0.0066%	8h	789.94	−0.030%	$492.9M	$789.2M	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	789.64	−0.068%	$69.1M	$50.1M	50x	as long as short
Lighter BNB	+0.0096%	1h	789.41	−0.097%	$2.7M	$3.8M	20x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	789.14	−0.132%	$265K	$492K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	788.95	−0.156%	$1.5M	$2.6M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	789.73	−0.057%	$51.8M	$17.5M	10x	as long as short
Pacifica BNB	+0.0100%	1h	789.51	−0.085%	$1.2M	$931K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	789.07	−0.140%	$138.8M	$74.7M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	789.10	−0.137%	$53.4M	$111.1M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	789.60	−0.073%	$52K	$130K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	789.20	−0.124%	$35.4M	$56.7M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	789.00	−0.149%	$27.6M	$10.3M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	788.97	−0.153%	$76.4M	$30.2M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	789.47	−0.090%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	788.50	−0.212%	$4.1M	$4.6M	—	as long as short
edgeX BNBUSDClong	+0.0100%	4h	790.18	long leg	$4.1M	$73.5M	30x
ApeX Omni BNBUSDT	+0.0100%	1h	789.85	−0.042%	$159K	$440K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	789.23	−0.120%	$133K	$950K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	789.19	−0.125%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	789.60	−0.074%	$12K	$1.5M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	789.20	−0.124%	$388K	$1.0M	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	789.20	−0.124%	$8.1M	$9.3M	75x	as long as short
Paradex BNB-USD-PERP	+0.0101%	8h	789.98	−0.025%	$77K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	788.84	−0.169%	$1.8M	$5.9M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	789.12	−0.134%	$379K	$110K	10x	as long as short
Phoenix BNB	+0.0117%	1h	790.10	−0.010%	$170K	$35K	10x	as long as short
dYdX BNB-USD	+0.0122%	1h	788.95	−0.156%	$160K	$64K	10x	as long as short
GRVT BNB_USDT_Perp	+0.0136%	8h	789.89	−0.036%	$2.9M	$28.0M	10x	as long as short
Kalshi KXBNBPERP	+0.0182%	8h	789.60	−0.073%	$124K	$2.7M	4.8x	as long as short
BloFin BNB-USDT	+0.0187%	8h	790.74	+0.071%	$18.1M	$2.2M	75x	as long as short
01 Exchange BNBUSD	+0.0224%	1h	789.89	−0.037%	$28K	$4K	10x	as long as short
Kraken Futures PF_BNBUSD	+0.0263%	1h	788.83	−0.171%	$2.5M	$1.2M	50x	as long as short
Bulk BNB-USD	+0.0272%	1h	789.78	−0.051%	$640K	$9K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	789.52	−0.084%	$1.5M	$143K	25x	as long as short
Reya BNBRUSDPERP	+0.0326%	1h	788.90	−0.163%	$6K	$3K	40x	as long as short
RISEx BNB/USDC	+0.0461%	1h	789.58	−0.076%	$1.1M	$975K	20x	as long as short
Hibachi BNB/USDT-P	+0.0496%	1h	789.46	−0.091%	$67K	$38K	12x	as long as short