Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%

Price spread now: Aevo against HTX−0.022%7-day average +0.024% · you buy dearer than you sell

Net, funding: paid 7d − costs−$80as in the Funding arb table

Net, price: spread back to 7d avg − costs−$86as in the Price arb table

costs, in and out, $10k−$810.814% of the position

Long on HTX Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 7 days+0.011%+$1 on $10k

Price spread, last 3 days (all we have)+0.101%+$10 · spread now −0.022%, 7d avg +0.024%

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 0.046% cheaper against HTX than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of +0.024%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX BNB-USDT	801.37	0.0100	pay 0.0100% / 8h	1h 17m	$8.2M	$7.9M	75x
Short	Aevo BNB-PERP	801.20	0.0104	get 0.0013% / 1h	17m 49s	$385K	$40K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against HTX. 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 HTXbpFee AevobpOrdersPrice spread, now −0.022%Rate

Funding earned: $0.84
Price spread: −0.022% → +0.024%: −$4.6
Slippage, 4 orders: −$53.37
Fee HTX: 6 bp × 2 orders: −$12
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$85.13
Costs to cover: 0.814%
Break-even: 716.4 days

Slippage from HTX: live order book, 6 min ago; Aevo: live order book, 1 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 HTX live order book, 6 min ago	0.97 bp	8.3 bp −$8	10.3 bp −$103	37.6 bp −$3,764	doesn't fit
Sell Aevo live order book, 1 min ago	11.55 bp	24.9 bp −$25	26.8 bp −$268	46.4 bp −$4,638	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 −0.0201% / S +0.0372%	1h	801.16	−0.027%	$48K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	801.60	+0.028%	$4K	$1K	25x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	802.84	+0.183%	$3.0M	$29.6M	10x	as long as short
Kalshi KXBNBPERP	0.0000%	8h	801.90	+0.066%	$158K	$2.9M	4.8x	as long as short
StandX BNB-USD	0.0000%	1h	802.75	+0.172%	$868K	$2.9M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	801.17	−0.025%	$9.7M	—	150x	as long as short
Variational Omni BNB	+0.0038%	8h	801.85	+0.059%	$4.1M	$5.3M	—	as long as short
BingX BNB-USDT	+0.0060%	8h	800.84	−0.067%	—	$34.8M	—	as long as short
Bybit BNBUSDT	+0.0073%	8h	800.30	−0.134%	$139.3M	$81.1M	75x	as long as short
Lighter BNB	+0.0096%	1h	800.96	−0.052%	$2.8M	$4.2M	20x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International BNB-PERP-INTX	+0.0096%	1h	801.17	−0.025%	$610K	$997K	50x	as long as short
Aster BNBUSDT	+0.0098%	8h	801.41	+0.004%	$6.3M	$19.0M	200x	as long as short
Nado BNB-PERP	+0.0100%	1h	800.84	−0.067%	$1.4M	$2.8M	20x	as long as short
Pacifica BNB	+0.0100%	1h	800.88	−0.062%	$1.2M	$926K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	800.40	−0.122%	$54.7M	$115.7M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	801.40	+0.003%	$53K	$151K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	800.60	−0.097%	$35.8M	$58.5M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	800.65	−0.090%	$28.0M	$10.6M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	800.51	−0.108%	$80.9M	$26.7M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	803.01	+0.205%	$4.2M	$77.6M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	802.69	+0.164%	$162K	$443K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	801.01	−0.045%	$121K	$877K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	801.11	−0.033%	$387K	$528K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	801.32	−0.006%	$32K	$5K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	801.89	+0.065%	$13K	$1.7M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	801.30	−0.009%	$394K	$1.0M	10x	as long as short
HTX BNB-USDTlong	+0.0100%	8h	801.37	long leg	$8.2M	$7.9M	75x
Paradex BNB-USD-PERP	+0.0100%	8h	801.30	−0.009%	$78K	$19K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	800.38	−0.124%	$1.8M	$6.1M	50x	as long as short
Aevo BNB-PERPshort	+0.0104%	1h	801.20	−0.022%	$385K	$40K	10x
Binance BNBUSDT	+0.0118%	8h	801.30	−0.010%	$503.3M	$819.9M	75x	as long as short
MEXC BNB_USDT	+0.0118%	8h	801.70	+0.041%	$83.4M	$13.8M	200x	as long as short
Phemex BNBUSDT	+0.0120%	8h	801.59	+0.027%	$70.0M	$51.8M	50x	as long as short
Phoenix BNB	+0.0155%	1h	802.83	+0.182%	$173K	$35K	10x	as long as short
Hibachi BNB/USDT-P	+0.0184%	1h	801.62	+0.031%	$71K	$48K	12x	as long as short
Kraken Futures PF_BNBUSD	+0.0206%	1h	801.10	−0.034%	$2.6M	$975K	50x	as long as short
BloFin BNB-USDT	+0.0238%	8h	802.00	+0.078%	$18.3M	$2.5M	75x	as long as short
dYdX BNB-USD	+0.0291%	1h	801.29	−0.010%	$162K	$62K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	801.61	+0.030%	$1.6M	$165K	25x	as long as short
Injective BNB/USDC PERP	+0.0311%	1h	805.09	+0.464%	$19K	$789K	30x	as long as short
Hyperliquid BNB	+0.0311%	1h	801.70	+0.041%	$51.9M	$21.9M	10x	as long as short
Bulk BNB-USD	+0.0314%	1h	802.70	+0.165%	$652K	$21K	10x	as long as short
RISEx BNB/USDC	+0.0318%	1h	801.23	−0.018%	$1.1M	$1.4M	20x	as long as short
01 Exchange BNBUSD	+0.0320%	1h	801.43	+0.007%	$28K	$1K	10x	as long as short
Reya BNBRUSDPERP	+0.0333%	1h	800.70	−0.085%	$6K	$3K	40x	as long as short
Backpack BNB_USDC_PERP	+0.0597%	1h	801.69	+0.039%	$2.7M	$5.7M	40x	as long as short