Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%

Price spread now: Aevo against Paradex−0.043%7-day average −0.059% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$88as in the Price arb table

costs, in and out, $10k−$900.897% of the position

Long on Paradex Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.007%+$1 on $10k

Price spread, last 4 days (all we have)−0.119%−$12 · spread now −0.043%, 7d avg −0.059%

Together, before fees−0.111%+ Points / potential airdropParadex: Active · farm board−$11 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex BNB-USD-PERP	787.69	0.0100	pay 0.0100% / 8h	5h 05m	$78K	$1.3M	50x
Short	Aevo BNB-PERP	787.35	0.0104	get 0.0013% / 1h	5m 37s	$378K	$110K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Paradex. 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 ParadexbpFee AevobpOrdersPrice spread, now −0.043%Rate

Funding earned: $0.84
Price spread: −0.043% → −0.059%: $1.62
Slippage, 4 orders: −$69.73
Fee Paradex: 2 bp × 2 orders: −$4
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$87.27
Costs to cover: 0.897%
Break-even: 734.3 days

Slippage from Paradex: live order book, 2 min ago; Aevo: live order book, 41 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 Paradex live order book, 2 min ago	4.76 bp	6.8 bp −$7	132.3 bp −$1,323	doesn't fit	doesn't fit
Sell Aevo live order book, 41 min ago	19.71 bp	29.5 bp −$30	30.2 bp −$302	60.9 bp −$6,088	doesn't fit

BNB on 46 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	787.43	−0.033%	$43K	—	200x	as long as short
Kraken Futures PF_BNBUSD	−0.0085%	1h	787.36	−0.042%	$2.7M	$1.4M	50x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	787.94	+0.031%	$4K	—	25x	as long as short
Bybit BNBUSDT	−0.0036%	8h	786.90	−0.101%	$138.6M	$65.5M	75x	as long as short
BingX BNB-USDT	−0.0030%	8h	787.30	−0.050%	—	$50.3M	—	as long as short
Aster BNBUSDT	0.0000%	8h	787.83	+0.017%	$6.0M	$16.8M	200x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	787.51	−0.023%	$2.9M	$26.4M	10x	as long as short
Kalshi KXBNBPERP	0.0000%	8h	787.90	+0.026%	$155K	$2.5M	4.8x	as long as short
StandX BNB-USD	0.0000%	1h	787.99	+0.038%	$850K	$3.0M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	787.25	−0.056%	$9.5M	—	150x	as long as short

Show all 46 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC BNB_USDT	+0.0011%	8h	788.60	+0.115%	$83.5M	$11.9M	200x	as long as short
Binance BNBUSDT	+0.0011%	8h	787.75	+0.007%	$480.9M	$756.0M	75x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.209%	$19K	$789K	30x	as long as short
BloFin BNB-USDT	+0.0044%	8h	787.75	+0.007%	$18.5M	$2.2M	75x	as long as short
Phemex BNBUSDT	+0.0086%	8h	787.99	+0.038%	$68.4M	$50.5M	50x	as long as short
Lighter BNB	+0.0096%	1h	787.29	−0.051%	$2.7M	$3.4M	20x	as long as short
Nado BNB-PERP	+0.0100%	1h	787.06	−0.081%	$1.4M	$2.3M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	787.79	+0.012%	$51.9M	$16.8M	10x	as long as short
Pacifica BNB	+0.0100%	1h	787.45	−0.030%	$1.2M	$930K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	787.00	−0.088%	$53.4M	$101.1M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	787.50	−0.024%	$57K	$124K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	787.20	−0.063%	$42.1M	$54.4M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	787.04	−0.083%	$28.1M	$9.6M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	786.84	−0.108%	$75.8M	$30.7M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	787.79	+0.012%	$2.2M	$6.0M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	786.74	−0.121%	$4.3M	$4.4M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	787.37	−0.041%	$4.1M	$71.2M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	787.35	−0.043%	$158K	$459K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	787.40	−0.037%	$128K	$905K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	787.48	−0.027%	$264K	$297K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	787.20	−0.062%	$31K	$10K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	788.04	+0.044%	$12K	$1.3M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	787.60	−0.012%	$387K	$926K	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	787.70	0.000%	$8.0M	$9.9M	75x	as long as short
Paradex BNB-USD-PERPlong	+0.0100%	8h	787.69	long leg	$78K	$1.3M	50x
Extended BNB-USD	+0.0104%	1h	786.73	−0.123%	$1.8M	$5.5M	50x	as long as short
Aevo BNB-PERPshort	+0.0104%	1h	787.35	−0.043%	$378K	$110K	10x
Phoenix BNB	+0.0120%	1h	787.71	+0.002%	$158K	$45K	10x	as long as short
Coinbase International BNB-PERP-INTX	+0.0120%	1h	787.64	−0.007%	$545K	$1.9M	50x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0200%	1h	787.81	+0.015%	$1.5M	$126K	25x	as long as short
01 Exchange BNBUSD	+0.0224%	1h	787.79	+0.012%	$28K	$3K	10x	as long as short
Bulk BNB-USD	+0.0291%	1h	788.00	+0.040%	$638K	$10K	10x	as long as short
Hibachi BNB/USDT-P	+0.0296%	1h	787.20	−0.062%	$67K	$37K	12x	as long as short
Reya BNBRUSDPERP	+0.0316%	1h	787.01	−0.087%	$6K	$3K	40x	as long as short
RISEx BNB/USDC	+0.0393%	1h	787.38	−0.040%	$1.1M	$888K	20x	as long as short
dYdX BNB-USD	+0.0892%	1h	786.85	−0.107%	$158K	$34K	10x	as long as short