Settings8H · net · $10k
Funding arb · Price arb /

BNB

all BNB markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC−0.0551%/8h= −60.3% APRpaid last 24h −0.072%
Price spread now: Aster against Hibachi−0.029%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days−0.527%−$53 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropHibachi: Active · Aster: Stage 5 · farm boardneeds both histories
Both sides work against this trade now: funding costs −$17 a day on $10k at the current rate, and Aster is 0.029% cheaper against Hibachi than usual: you would sell low and buy high (−$3 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHibachi BNB/USDT-P791.070.0600pay 0.0075% / 1h29m 00s$68K$38K12x
ShortAster BNBUSDT790.840.0049get 0.0049% / 8h5h 29m$6.3M$18.7M200x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aster against Hibachi. 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

Funding earned
−$115.63
Price spread: −0.029% → 0.000%
−$2.86
Slippage, 4 orders
no order book: not counted
Fee Hibachi: 4.5 bp × 2 orders
−$9
Fee Aster: 4 bp × 2 orders
−$8
Net
−$135.49
Costs to cover
0.170%
Break-even
never at this rate
Slippage unknown: Hibachi: no order-book sample; Aster: live order book, 5 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Hibachi no order-book sample
Sell Aster live order book, 5 min ago0.13 bp4.1 bp −$45.0 bp −$5015.1 bp −$1,510doesn't fit
Hibachi: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

BNB on 46 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GMX BNB/USD [WBTC.b-USDC]L −0.0167% / S +0.0335%1h790.36−0.089%$46K200xas long as short
Hotstuff BNB-PERP−0.0080%1h790.88−0.024%$4K$23925xas long as short
StandX BNB-USD0.0000%1h791.68+0.078%$856K$3.2M30xas long as short
gTrade (Gains Network) BNB/USDL +0.0008% / S −0.0007%1h790.41−0.083%$9.6M150xas long as short
Injective BNB/USDC PERP+0.0033%1h805.09+1.773%$19K$789K30xas long as short
Coinbase International BNB-PERP-INTX+0.0048%1h789.79−0.161%$617K$1.8M50xas long as short
Aster BNBUSDTshort+0.0049%8h790.84−0.029%$6.3M$18.7M200x
BingX BNB-USDT+0.0059%8h790.44−0.079%$34.4Mas long as short
Phemex BNBUSDT+0.0072%8h790.72−0.044%$69.2M$51.1M50xas long as short
MEXC BNB_USDT+0.0076%8h791.10+0.004%$80.4M$12.4M200xas long as short
Show all 46 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance BNBUSDT+0.0076%8h790.80−0.034%$494.4M$803.6M75xas long as short
Kraken Futures PF_BNBUSD+0.0091%1h790.17−0.114%$2.5M$1.2M50xas long as short
Variational Omni BNB+0.0096%8h790.49−0.073%$4.1M$4.6Mas long as short
Lighter BNB+0.0096%1h790.39−0.085%$2.8M$3.9M20xas long as short
Orderly PERP_BNB_USDC+0.0100%8h790.41−0.083%$266K$498K50xas long as short
Nado BNB-PERP+0.0100%1h790.40−0.084%$1.5M$2.6M20xas long as short
Hyperliquid BNB+0.0100%1h790.78−0.036%$51.8M$18.1M10xas long as short
Pacifica BNB+0.0100%1h790.70−0.046%$1.2M$908K20xas long as short
Bybit BNBUSDT+0.0100%8h790.10−0.122%$139.0M$77.2M75xas long as short
OKX BNB-USDT-SWAP+0.0100%8h790.10−0.122%$53.6M$112.2M50xas long as short
Arcus BNB-USD+0.0100%1h790.80−0.034%$52K$130K10xas long as short
Gate BNB_USDT+0.0100%8h790.10−0.122%$35.3M$57.0M75xas long as short
KuCoin BNBUSDTM+0.0100%8h790.36−0.089%$27.8M$10.3M75xas long as short
Bitget BNBUSDT+0.0100%8h789.90−0.147%$76.9M$30.1M75xas long as short
Backpack BNB_USDC_PERP+0.0100%1h790.40−0.084%$2.2M$6.1M40xas long as short
edgeX BNBUSDC+0.0100%4h790.40−0.085%$4.1M$76.7M30xas long as short
ApeX Omni BNBUSDT+0.0100%1h791.27+0.026%$159K$440K50xas long as short
Polymarket Perps BNB-USD+0.0100%1h790.41−0.083%$135K$948K10xas long as short
Derive BNB-PERP+0.0100%1h790.61−0.058%$31K$12K10xas long as short
SunX BNB-USDT+0.0100%8h791.04−0.003%$12K$1.6M50xas long as short
HTX BNB-USDT+0.0100%8h790.24−0.105%$8.1M$9.1M75xas long as short
Paradex BNB-USD-PERP+0.0103%8h791.20+0.017%$77K$17K50xas long as short
Extended BNB-USD+0.0104%1h789.93−0.144%$1.8M$5.9M50xas long as short
Aevo BNB-PERP+0.0104%1h790.31−0.096%$380K$110K10xas long as short
Phoenix BNB+0.0107%1h791.21+0.018%$170K$35K10xas long as short
SoDEX BNB-USD+0.0135%1h790.30−0.097%$389K$1.0M10xas long as short
GRVT BNB_USDT_Perp+0.0142%8h791.40+0.042%$2.9M$28.2M10xas long as short
Kalshi KXBNBPERP+0.0191%8h790.80−0.034%$91K$2.8M4.8xas long as short
BloFin BNB-USDT+0.0196%8h791.070.000%$18.1M$2.3M75xas long as short
dYdX BNB-USD+0.0234%1h790.32−0.094%$160K$63K10xas long as short
01 Exchange BNBUSD+0.0296%1h791.13+0.008%$28K$4K10xas long as short
Reya BNBRUSDPERP+0.0327%1h790.29−0.098%$6K$3K40xas long as short
RISEx BNB/USDC+0.0361%1h790.80−0.034%$1.1M$1.0M20xas long as short
Bulk BNB-USD+0.0383%1h789.79−0.161%$640K$6K10xas long as short
Deribit BNB_USDC-PERPETUAL+0.0400%1h790.74−0.041%$1.5M$147K25xas long as short
Hibachi BNB/USDT-Plong+0.0600%1h791.07long leg$68K$38K12x