Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%

Price spread now: Aevo against SunX−0.067%7-day average −0.067% · you buy dearer than you sell

Net, funding: paid 7d − costs−$107as in the Funding arb table

Net, price: spread back to 7d avg − costs−$108as in the Price arb table

costs, in and out, $10k−$1071.074% 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 4 days (all we have)+0.057%+$6 · spread now −0.067%, 7d avg −0.067%

Together, before fees+0.065%+$7 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX BNB-USDT	787.44	0.0100	pay 0.0100% / 8h	1h 55m	$12K	$1.5M	50x
Short	Aevo BNB-PERP	786.91	0.0104	get 0.0013% / 1h	55m 36s	$378K	$110K	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 −0.067%Rate

Funding earned: $0.84
Price spread: −0.067% → −0.067%: −$0.09
Slippage, 4 orders: −$83.44
Fee SunX: 4 bp × 2 orders: −$8
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$106.68
Costs to cover: 1.074%
Break-even: 896.0 days

Slippage from SunX: live order book, 9 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 SunX live order book, 9 min ago	15.07 bp	22.0 bp −$22	30.0 bp −$300	doesn't fit	doesn't fit
Sell Aevo live order book, 53 min ago	8.25 bp	32.1 bp −$32	37.8 bp −$378	58.2 bp −$5,821	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 −0.0192% / S +0.0356%	1h	786.74	−0.089%	$46K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	788.11	+0.085%	$4K	$42	25x	as long as short
StandX BNB-USD	0.0000%	1h	788.58	+0.145%	$850K	$2.9M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	786.77	−0.085%	$9.5M	—	150x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.242%	$19K	$789K	30x	as long as short
Aster BNBUSDT	+0.0046%	8h	787.26	−0.023%	$6.1M	$19.0M	200x	as long as short
BingX BNB-USDC	+0.0054%	8h	787.00	−0.056%	—	$13.4M	—	as long as short
MEXC BNB_USDT	+0.0067%	8h	787.70	+0.033%	$80.9M	$11.9M	200x	as long as short
Binance BNBUSDT	+0.0067%	8h	787.16	−0.035%	$490.1M	$815.8M	75x	as long as short
Phemex BNBUSDT	+0.0070%	8h	787.22	−0.028%	$68.9M	$51.0M	50x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX BNB-USD	+0.0072%	1h	787.10	−0.043%	$159K	$62K	10x	as long as short
Coinbase International BNB-PERP-INTX	+0.0080%	1h	788.38	+0.120%	$569K	$1.9M	50x	as long as short
Lighter BNB	+0.0096%	1h	786.91	−0.067%	$2.7M	$3.8M	20x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	786.87	−0.072%	$265K	$471K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	786.90	−0.068%	$1.4M	$2.7M	20x	as long as short
Pacifica BNB	+0.0100%	1h	786.98	−0.058%	$1.2M	$933K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	786.60	−0.107%	$138.4M	$75.2M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	786.70	−0.094%	$53.5M	$113.1M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	786.90	−0.068%	$52K	$129K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	786.70	−0.094%	$37.0M	$58.6M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	786.46	−0.124%	$27.7M	$10.2M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	786.52	−0.117%	$76.1M	$31.1M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	787.27	−0.021%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	786.71	−0.092%	$4.0M	$4.8M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	787.78	+0.044%	$4.1M	$75.7M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	787.16	−0.035%	$158K	$436K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	786.82	−0.079%	$131K	$949K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	786.91	−0.067%	$31K	$12K	10x	as long as short
SunX BNB-USDTlong	+0.0100%	8h	787.44	long leg	$12K	$1.5M	50x
SoDEX BNB-USD	+0.0100%	1h	786.90	−0.068%	$387K	$986K	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	786.77	−0.084%	$8.0M	$10.1M	75x	as long as short
Paradex BNB-USD-PERP	+0.0101%	8h	787.15	−0.037%	$76K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	786.45	−0.126%	$1.8M	$6.2M	50x	as long as short
Aevo BNB-PERPshort	+0.0104%	1h	786.91	−0.067%	$378K	$110K	10x
Phoenix BNB	+0.0107%	1h	787.80	+0.046%	$169K	$35K	10x	as long as short
Kalshi KXBNBPERP	+0.0137%	8h	787.40	−0.005%	$169K	$2.7M	4.8x	as long as short
Hyperliquid BNB	+0.0158%	1h	787.46	+0.003%	$51.5M	$17.7M	10x	as long as short
BloFin BNB-USDT	+0.0187%	8h	787.44	0.000%	$17.7M	$2.2M	75x	as long as short
Kraken Futures PF_BNBUSD	+0.0206%	1h	786.67	−0.098%	$2.5M	$1.2M	50x	as long as short
GRVT BNB_USDT_Perp	+0.0226%	8h	787.46	+0.003%	$2.9M	$29.6M	10x	as long as short
01 Exchange BNBUSD	+0.0280%	1h	787.12	−0.041%	$28K	$4K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	787.28	−0.021%	$1.5M	$143K	25x	as long as short
Reya BNBRUSDPERP	+0.0322%	1h	786.70	−0.093%	$6K	$3K	40x	as long as short
Bulk BNB-USD	+0.0339%	1h	788.57	+0.144%	$639K	$4K	10x	as long as short
RISEx BNB/USDC	+0.0438%	1h	786.98	−0.058%	$1.1M	$910K	20x	as long as short
Hibachi BNB/USDT-P	+0.0560%	1h	787.15	−0.037%	$67K	$39K	12x	as long as short