Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%

Price spread now: Aevo against Gate−0.027%7-day average +0.026% · you buy dearer than you sell

Net, funding: paid 7d − costs−$89as in the Funding arb table

Net, price: spread back to 7d avg − costs−$101as in the Price arb table

costs, in and out, $10k−$960.960% of the position

Long on Gate Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 7 days+0.067%+$7 on $10k

Price spread, last 4 days (all we have)−0.179%−$18 · spread now −0.027%, 7d avg +0.026%

Together, before fees−0.112%−$11 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 0.053% cheaper against Gate than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of +0.026%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate BNB_USDT	792.10	0.0100	pay 0.0100% / 8h	5h 10m	$35.5M	$57.3M	75x
Short	Aevo BNB-PERP	791.89	0.0104	get 0.0013% / 1h	10m 48s	$380K	$110K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Gate. 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 GatebpFee AevobpOrdersPrice spread, now −0.027%Rate

Funding earned: $0.84
Price spread: −0.027% → +0.026%: −$5.28
Slippage, 4 orders: −$64.98
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$100.42
Costs to cover: 0.960%
Break-even: 843.8 days

Slippage from Gate: live order book, 3 min ago; Aevo: live order book, 53 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 Gate live order book, 3 min ago	0.32 bp	9.4 bp −$9	13.9 bp −$139	28.3 bp −$2,829	56.1 bp −$28.1K
Sell Aevo live order book, 53 min ago	8.23 bp	42.8 bp −$43	52.5 bp −$525	74.7 bp −$7,467	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 −0.0167% / S +0.0335%	1h	791.63	−0.059%	$46K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	791.68	−0.053%	$4K	$239	25x	as long as short
StandX BNB-USD	0.0000%	1h	791.83	−0.034%	$856K	$3.1M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	791.70	−0.050%	$9.7M	—	150x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+1.640%	$19K	$789K	30x	as long as short
Coinbase International BNB-PERP-INTX	+0.0048%	1h	792.03	−0.009%	$615K	$1.8M	50x	as long as short
Phemex BNBUSDT	+0.0048%	8h	792.43	+0.042%	$69.4M	$50.5M	50x	as long as short
Aster BNBUSDT	+0.0051%	8h	792.69	+0.075%	$6.2M	$18.6M	200x	as long as short
BingX BNB-USDC	+0.0060%	8h	791.70	−0.050%	—	$13.4M	—	as long as short
MEXC BNB_USDT	+0.0072%	8h	793.00	+0.114%	$80.6M	$12.5M	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	+0.0072%	8h	792.68	+0.073%	$495.2M	$790.3M	75x	as long as short
Kraken Futures PF_BNBUSD	+0.0091%	1h	791.71	−0.049%	$2.5M	$1.2M	50x	as long as short
Lighter BNB	+0.0096%	1h	792.33	+0.029%	$2.8M	$3.9M	20x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	791.90	−0.025%	$266K	$498K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	791.25	−0.107%	$1.4M	$2.6M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	792.65	+0.069%	$52.0M	$17.7M	10x	as long as short
Pacifica BNB	+0.0100%	1h	792.36	+0.033%	$1.2M	$908K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	791.99	−0.014%	$139.4M	$76.5M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	791.90	−0.025%	$53.8M	$111.6M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	792.20	+0.013%	$52K	$130K	10x	as long as short
Gate BNB_USDTlong	+0.0100%	8h	792.10	long leg	$35.5M	$57.3M	75x
KuCoin BNBUSDTM	+0.0100%	8h	791.96	−0.018%	$27.8M	$10.3M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	791.79	−0.039%	$77.1M	$29.8M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	792.32	+0.028%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	791.10	−0.127%	$4.1M	$4.6M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	791.77	−0.041%	$4.1M	$74.5M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	791.88	−0.028%	$159K	$441K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	791.44	−0.083%	$134K	$949K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	792.07	−0.003%	$32K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	792.20	+0.013%	$12K	$1.5M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	792.00	−0.013%	$389K	$1.0M	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	791.78	−0.040%	$8.1M	$9.2M	75x	as long as short
Paradex BNB-USD-PERP	+0.0102%	8h	792.70	+0.076%	$77K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	791.75	−0.044%	$1.8M	$5.9M	50x	as long as short
Aevo BNB-PERPshort	+0.0104%	1h	791.89	−0.027%	$380K	$110K	10x
Phoenix BNB	+0.0107%	1h	791.53	−0.072%	$170K	$35K	10x	as long as short
GRVT BNB_USDT_Perp	+0.0143%	8h	791.96	−0.018%	$2.9M	$28.0M	10x	as long as short
Kalshi KXBNBPERP	+0.0186%	8h	792.20	+0.013%	$82K	$2.7M	4.8x	as long as short
BloFin BNB-USDT	+0.0192%	8h	792.33	+0.029%	$18.2M	$2.2M	75x	as long as short
dYdX BNB-USD	+0.0195%	1h	791.84	−0.033%	$160K	$63K	10x	as long as short
01 Exchange BNBUSD	+0.0288%	1h	792.14	+0.005%	$28K	$4K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	792.38	+0.036%	$1.5M	$143K	25x	as long as short
Reya BNBRUSDPERP	+0.0327%	1h	791.29	−0.102%	$6K	$3K	40x	as long as short
RISEx BNB/USDC	+0.0361%	1h	791.89	−0.026%	$1.1M	$982K	20x	as long as short
Bulk BNB-USD	+0.0366%	1h	792.18	+0.011%	$641K	$9K	10x	as long as short
Hibachi BNB/USDT-P	+0.0584%	1h	791.61	−0.062%	$68K	$38K	12x	as long as short