Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0064%/8h= −7.0% APRpaid last 24h −0.014%

Price spread now: BingX against Aevo+0.019%7-day average +0.008% · you sell dearer than you buy

Net, funding: paid 7d − costs−$45as in the Funding arb table

Net, price: spread back to 7d avg − costs−$39as in the Price arb table

costs, in and out, $10k−$400.398% of the position

Long on Aevo Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.055%−$6 on $10k

Price spread, last 4 days (all we have)+0.049%+$5 · spread now +0.019%, 7d avg +0.008%

Together, before fees−0.006%−$1 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.008%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo BNB-PERP	787.96	0.0104	pay 0.0013% / 1h	28m 37s	$379K	$110K	10x
Short	BingX BNB-USDT	788.11	0.0040	get 0.0040% / 8h	3h 28m	—	$22.3M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Aevo. 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 AevobpFee BingXbpOrdersPrice spread, now +0.019%Rate

Funding earned: −$13.44
Price spread: +0.019% → +0.008%: $1.08
Slippage, 4 orders: −$13.84
Fee Aevo: 8 bp × 2 orders: −$16
Fee BingX: 5 bp × 2 orders: −$10
Net: −$52.2
Costs to cover: 0.398%
Break-even: never at this rate

Slippage from Aevo: live order book, 25 min ago; BingX: live order book, 10 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 Aevo live order book, 25 min ago	2.85 bp	14.7 bp −$15	20.1 bp −$201	31.6 bp −$3,158	doesn't fit
Sell BingX live order book, 10 min ago	0.19 bp	5.2 bp −$5	5.2 bp −$52	9.9 bp −$993	16.3 bp −$8,140

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	787.94	−0.002%	$46K	—	200x	as long as short
Kraken Futures PF_BNBUSD	−0.0124%	1h	787.94	−0.003%	$2.5M	$1.2M	50x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	788.73	+0.097%	$4K	$42	25x	as long as short
StandX BNB-USD	0.0000%	1h	789.01	+0.133%	$851K	$3.1M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	787.96	0.000%	$9.5M	—	150x	as long as short
Aster BNBUSDT	+0.0027%	8h	788.54	+0.073%	$6.1M	$18.8M	200x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.174%	$19K	$789K	30x	as long as short
BingX BNB-USDTshort	+0.0040%	8h	788.11	+0.019%	—	$22.3M	—
MEXC BNB_USDT	+0.0046%	8h	789.00	+0.132%	$80.0M	$12.0M	200x	as long as short
Binance BNBUSDT	+0.0047%	8h	788.55	+0.074%	$491.8M	$798.3M	75x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex BNBUSDT	+0.0051%	8h	788.51	+0.069%	$69.0M	$50.6M	50x	as long as short
Coinbase International BNB-PERP-INTX	+0.0072%	1h	790.26	+0.291%	$580K	$1.9M	50x	as long as short
Phoenix BNB	+0.0092%	1h	788.66	+0.088%	$169K	$35K	10x	as long as short
dYdX BNB-USD	+0.0096%	1h	788.56	+0.075%	$160K	$64K	10x	as long as short
Lighter BNB	+0.0096%	1h	788.22	+0.032%	$2.7M	$3.8M	20x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	788.01	+0.006%	$265K	$492K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	787.95	−0.002%	$1.5M	$2.6M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	788.64	+0.086%	$51.7M	$17.5M	10x	as long as short
Pacifica BNB	+0.0100%	1h	788.28	+0.040%	$1.2M	$933K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	788.00	+0.005%	$138.6M	$73.8M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	787.90	−0.008%	$53.5M	$111.6M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	788.30	+0.043%	$52K	$133K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	788.05	+0.011%	$35.9M	$57.6M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	787.72	−0.031%	$27.6M	$10.3M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	787.71	−0.032%	$76.3M	$30.5M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	788.39	+0.054%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	788.21	+0.032%	$4.1M	$4.8M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	788.67	+0.090%	$4.1M	$73.9M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	788.63	+0.085%	$159K	$442K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	787.88	−0.011%	$130K	$953K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	788.09	+0.017%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	788.63	+0.085%	$12K	$1.5M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	788.20	+0.030%	$387K	$1.0M	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	788.16	+0.025%	$8.1M	$9.6M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	788.34	+0.048%	$77K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	787.67	−0.038%	$1.9M	$6.3M	50x	as long as short
Aevo BNB-PERPlong	+0.0104%	1h	787.96	long leg	$379K	$110K	10x
Kalshi KXBNBPERP	+0.0124%	8h	788.90	+0.119%	$126K	$2.7M	4.8x	as long as short
BloFin BNB-USDT	+0.0167%	8h	788.56	+0.076%	$18.1M	$2.2M	75x	as long as short
GRVT BNB_USDT_Perp	+0.0174%	8h	789.03	+0.136%	$2.9M	$28.7M	10x	as long as short
Bulk BNB-USD	+0.0219%	1h	788.52	+0.071%	$639K	$9K	10x	as long as short
01 Exchange BNBUSD	+0.0240%	1h	788.51	+0.069%	$28K	$4K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	788.46	+0.063%	$1.5M	$143K	25x	as long as short
Reya BNBRUSDPERP	+0.0325%	1h	787.74	−0.029%	$6K	$3K	40x	as long as short
Hibachi BNB/USDT-P	+0.0416%	1h	788.50	+0.068%	$67K	$39K	12x	as long as short
RISEx BNB/USDC	+0.0431%	1h	788.38	+0.052%	$1.1M	$893K	20x	as long as short