Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Aevo against Extended+0.065%7-day average +0.062% · you sell dearer than you buy

Net, funding: paid 7d − costs−$34as in the Funding arb table

Net, price: spread back to 7d avg − costs−$37as in the Price arb table

costs, in and out, $10k−$370.373% of the position

Long on Extended Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 7 days+0.028%+$3 on $10k

Price spread, last 4 days (all we have)−0.120%−$12 · spread now +0.065%, 7d avg +0.062%

Together, before fees−0.092%+ Points / potential airdropExtended: Active · farm board−$9 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended BNB-USD	786.70	0.0104	pay 0.0013% / 1h	54m 41s	$1.8M	$5.6M	50x
Short	Aevo BNB-PERP	787.21	0.0104	get 0.0013% / 1h	54m 41s	$378K	$110K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Extended. 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 ExtendedbpFee AevobpOrdersPrice spread, now +0.065%Rate

Funding earned: $0
Price spread: +0.065% → +0.062%: $0.31
Slippage, 4 orders: −$16.26
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$36.95
Costs to cover: 0.373%
Break-even: never at this rate

Slippage from Extended: live order book, 2 min ago; Aevo: live order book, 57 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 Extended live order book, 2 min ago	0.06 bp	2.8 bp −$3	4.7 bp −$47	doesn't fit	doesn't fit
Sell Aevo live order book, 57 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	787.23	+0.068%	$43K	—	200x	as long as short
Kraken Futures PF_BNBUSD	−0.0085%	1h	787.20	+0.064%	$2.5M	$1.2M	50x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	788.09	+0.177%	$4K	—	25x	as long as short
Aster BNBUSDT	0.0000%	8h	787.84	+0.145%	$5.9M	$17.1M	200x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	787.88	+0.151%	$2.9M	$26.4M	10x	as long as short
Kalshi KXBNBPERP	0.0000%	8h	787.70	+0.127%	$139K	$2.5M	4.8x	as long as short
StandX BNB-USD	0.0000%	1h	788.25	+0.197%	$850K	$2.9M	30x	as long as short
Deribit BNB_USDC-PERPETUAL	0.0000%	1h	787.62	+0.117%	$1.5M	$157K	25x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	787.45	+0.096%	$9.5M	—	150x	as long as short
MEXC BNB_USDT	+0.0015%	8h	788.90	+0.280%	$83.4M	$11.7M	200x	as long as short

Show all 45 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance BNBUSDT	+0.0016%	8h	787.82	+0.143%	$481.5M	$765.9M	75x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.338%	$19K	$789K	30x	as long as short
Bybit BNBUSDT	+0.0046%	8h	787.10	+0.051%	$138.6M	$67.2M	75x	as long as short
BloFin BNB-USDT	+0.0065%	8h	788.01	+0.167%	$18.4M	$2.2M	75x	as long as short
Phemex BNBUSDT	+0.0089%	8h	787.98	+0.163%	$68.5M	$51.1M	50x	as long as short
Phoenix BNB	+0.0094%	1h	787.95	+0.159%	$158K	$45K	10x	as long as short
Lighter BNB	+0.0096%	1h	787.38	+0.087%	$2.7M	$3.3M	20x	as long as short
Nado BNB-PERP	+0.0100%	1h	787.09	+0.050%	$1.4M	$2.4M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	787.86	+0.148%	$51.8M	$16.7M	10x	as long as short
Pacifica BNB	+0.0100%	1h	787.54	+0.107%	$1.2M	$932K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	787.10	+0.051%	$53.3M	$102.1M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	787.40	+0.089%	$57K	$122K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	787.15	+0.057%	$41.1M	$53.8M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	787.03	+0.042%	$28.2M	$9.6M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	786.93	+0.030%	$75.6M	$30.7M	75x	as long as short
BingX BNB-USDT	+0.0100%	8h	787.44	+0.094%	—	$50.2M	—	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	787.75	+0.134%	$2.2M	$6.0M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	786.85	+0.019%	$4.3M	$4.5M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	787.81	+0.142%	$4.1M	$74.6M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	787.98	+0.163%	$159K	$444K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	787.35	+0.083%	$130K	$905K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	787.34	+0.082%	$264K	$297K	50x	as long as short
SunX BNB-USDT	+0.0100%	8h	787.90	+0.153%	$12K	$1.3M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	787.50	+0.102%	$387K	$926K	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	787.60	+0.114%	$8.0M	$10.0M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	787.74	+0.132%	$78K	$356K	50x	as long as short
Extended BNB-USDlong	+0.0104%	1h	786.70	long leg	$1.8M	$5.6M	50x
Aevo BNB-PERPshort	+0.0104%	1h	787.21	+0.065%	$378K	$110K	10x
Coinbase International BNB-PERP-INTX	+0.0120%	1h	788.03	+0.169%	$545K	$1.9M	50x	as long as short
01 Exchange BNBUSD	+0.0240%	1h	787.87	+0.149%	$28K	$3K	10x	as long as short
Bulk BNB-USD	+0.0282%	1h	788.09	+0.177%	$639K	$0	10x	as long as short
Reya BNBRUSDPERP	+0.0317%	1h	786.86	+0.020%	$6K	$3K	40x	as long as short
Hibachi BNB/USDT-P	+0.0320%	1h	787.54	+0.107%	$67K	$37K	12x	as long as short
RISEx BNB/USDC	+0.0393%	1h	787.49	+0.100%	$1.1M	$901K	20x	as long as short
dYdX BNB-USD	+0.1056%	1h	787.47	+0.099%	$158K	$34K	10x	as long as short