Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%

Price spread now: Aevo against SunX+0.006%7-day average −0.065% · you sell dearer than you buy

Net, funding: paid 7d − costs−$143as in the Funding arb table

Net, price: spread back to 7d avg − costs−$136as in the Price arb table

costs, in and out, $10k−$1431.435% of the position

Long on SunX Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 7 days+0.008%+$1 on $10k

Price spread, last 3 days (all we have)−0.016%−$2 · spread now +0.006%, 7d avg −0.065%

Together, before fees−0.008%−$1 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 0.070% dearer against SunX than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of −0.065%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX BNB-USDT	798.18	0.0100	pay 0.0100% / 8h	7h 55m	$12K	$1.7M	50x
Short	Aevo BNB-PERP	798.22	0.0104	get 0.0013% / 1h	55m 15s	$383K	$129K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against SunX. 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 SunXbpFee AevobpOrdersPrice spread, now +0.006%Rate

Funding earned: $0.84
Price spread: +0.006% → −0.065%: $7.04
Slippage, 4 orders: −$119.48
Fee SunX: 4 bp × 2 orders: −$8
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$135.6
Costs to cover: 1.435%
Break-even: 1137.0 days

Slippage from SunX: live order book, 10 min ago; Aevo: live order book, 19 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 SunX live order book, 10 min ago	52.79 bp	60.0 bp −$60	75.7 bp −$757	doesn't fit	doesn't fit
Sell Aevo live order book, 19 min ago	2.82 bp	14.1 bp −$14	19.7 bp −$197	24.0 bp −$2,398	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	797.64	−0.067%	$47K	—	200x	as long as short
Kraken Futures PF_BNBUSD	−0.0121%	1h	797.62	−0.070%	$2.5M	$974K	50x	as long as short
Gate BNB_USDT	−0.0108%	8h	797.90	−0.035%	$35.7M	$55.6M	75x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	798.40	+0.028%	$4K	$239	25x	as long as short
Bybit BNBUSDT	−0.0009%	8h	797.72	−0.058%	$138.5M	$76.9M	75x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	799.17	+0.124%	$3.0M	$27.9M	10x	as long as short
StandX BNB-USD	0.0000%	1h	799.18	+0.125%	$864K	$2.9M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	797.70	−0.060%	$9.7M	—	150x	as long as short
Variational Omni BNB	+0.0010%	8h	798.14	−0.005%	$4.1M	$5.4M	—	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+0.866%	$19K	$789K	30x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex BNBUSDT	+0.0046%	8h	798.19	+0.001%	$69.8M	$50.8M	50x	as long as short
Coinbase International BNB-PERP-INTX	+0.0048%	1h	798.68	+0.063%	$602K	$985K	50x	as long as short
Aster BNBUSDT	+0.0073%	8h	798.14	−0.005%	$6.2M	$19.3M	200x	as long as short
BingX BNB-USDT	+0.0077%	8h	798.02	−0.020%	—	$35.2M	—	as long as short
Binance BNBUSDT	+0.0094%	8h	798.26	+0.010%	$496.6M	$818.2M	75x	as long as short
MEXC BNB_USDT	+0.0094%	8h	798.50	+0.040%	$83.0M	$13.5M	200x	as long as short
Lighter BNB	+0.0096%	1h	797.93	−0.031%	$2.8M	$4.0M	20x	as long as short
Nado BNB-PERP	+0.0100%	1h	797.45	−0.091%	$1.4M	$2.7M	20x	as long as short
Pacifica BNB	+0.0100%	1h	798.23	+0.006%	$1.2M	$925K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	797.80	−0.047%	$54.2M	$112.3M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	798.20	+0.003%	$52K	$133K	10x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	797.56	−0.078%	$27.9M	$10.2M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	797.71	−0.059%	$78.7M	$27.6M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	799.16	+0.123%	$4.2M	$76.1M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	799.32	+0.143%	$161K	$436K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	797.60	−0.073%	$116K	$872K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	797.67	−0.064%	$385K	$481K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	797.74	−0.055%	$32K	$5K	10x	as long as short
SunX BNB-USDTlong	+0.0100%	8h	798.18	long leg	$12K	$1.7M	50x
SoDEX BNB-USD	+0.0100%	1h	797.90	−0.035%	$392K	$1.0M	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0100%	1h	797.98	−0.025%	$1.6M	$160K	25x	as long as short
HTX BNB-USDT	+0.0100%	8h	797.84	−0.042%	$8.2M	$8.1M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	798.74	+0.070%	$78K	$19K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	797.25	−0.117%	$1.8M	$6.6M	50x	as long as short
Aevo BNB-PERPshort	+0.0104%	1h	798.22	+0.006%	$383K	$129K	10x
Phoenix BNB	+0.0127%	1h	799.10	+0.115%	$172K	$36K	10x	as long as short
Hibachi BNB/USDT-P	+0.0144%	1h	798.30	+0.015%	$70K	$43K	12x	as long as short
Kalshi KXBNBPERP	+0.0153%	8h	798.60	+0.053%	$90K	$2.9M	4.8x	as long as short
RISEx BNB/USDC	+0.0155%	1h	797.87	−0.039%	$1.1M	$1.4M	20x	as long as short
Bulk BNB-USD	+0.0158%	1h	799.24	+0.133%	$649K	$14K	10x	as long as short
01 Exchange BNBUSD	+0.0208%	1h	797.99	−0.024%	$28K	$1K	10x	as long as short
BloFin BNB-USDT	+0.0214%	8h	798.20	+0.003%	$18.1M	$2.5M	75x	as long as short
dYdX BNB-USD	+0.0275%	1h	798.21	+0.004%	$161K	$63K	10x	as long as short
Backpack BNB_USDC_PERP	+0.0302%	1h	798.87	+0.087%	$2.7M	$5.7M	40x	as long as short
Reya BNBRUSDPERP	+0.0331%	1h	797.23	−0.119%	$6K	$3K	40x	as long as short
Hyperliquid BNB	+0.0353%	1h	799.00	+0.103%	$52.9M	$21.1M	10x	as long as short