Funding you earn now, next payment 01:00 UTC−0.0033%/8h= −3.6% APRpaid last 24h −0.010%
Price spread now: Bybit against Aevo−0.066%7-day average −0.041% · you buy dearer than you sell
Net, funding: paid 7d − costs−$55as in the Funding arb table
Net, price: spread back to 7d avg − costs−$45as in the Price arb table
costs, in and out, $10k−$430.430% of the position
Funding, last 7 days−0.122%−$12 on $10k
+Price spread, last 3 days (all we have)+0.051%+$5 · spread now −0.066%, 7d avg −0.041%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Bybit is 0.025% cheaper against Aevo than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of −0.041%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Aevo BNB-PERP | 797.23 | 0.0104 | pay 0.0013% / 1h | 6m 47s | $383K | $110K | 10x |
| Short | Bybit BNBUSDT | 796.71 | 0.0071 | get 0.0071% / 8h | 7h 06m | $138.4M | $76.2M | 75x |
Aevo BNB-PERP
Bybit BNBUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Aevo. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$6.85
- Price spread: −0.066% → −0.041%
- −$2.46
- Slippage, 4 orders
- −$16.03
- Fee Aevo: 8 bp × 2 orders
- −$16
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$52.35
- Costs to cover
- 0.430%
- Break-even
- never at this rate
Slippage from Aevo: live order book, 2 min ago; Bybit: live order book, 2 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, 2 min ago | 3.13 bp | 15.7 bp −$16 | 19.7 bp −$197 | 23.2 bp −$2,321 | doesn't fit |
| Sell Bybit live order book, 2 min ago | 0.63 bp | 6.7 bp −$7 | 9.6 bp −$96 | 25.4 bp −$2,535 | 120.5 bp −$60.2K |
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 −0.0159% / S +0.0335% | 1h | 797.07 | −0.020% | $47K | — | 200x | as long as short |
| Kraken Futures PF_BNBUSD | −0.0121% | 1h | 797.00 | −0.029% | $2.5M | $1.0M | 50x | as long as short |
| Hotstuff BNB-PERP | −0.0080% | 1h | 797.49 | +0.032% | $4K | $239 | 25x | as long as short |
| Gate BNB_USDT | −0.0004% | 8h | 796.90 | −0.042% | $35.8M | $57.1M | 75x | as long as short |
| GRVT BNB_USDT_Perp | 0.0000% | 8h | 799.15 | +0.240% | $3.0M | $27.9M | 10x | as long as short |
| StandX BNB-USD | 0.0000% | 1h | 798.87 | +0.205% | $863K | $3.0M | 30x | as long as short |
| Variational Omni BNB | +0.0008% | 8h | 797.92 | +0.086% | $4.1M | $5.1M | — | as long as short |
| gTrade (Gains Network) BNB/USD | L +0.0008% / S −0.0007% | 1h | 797.12 | −0.014% | $9.7M | — | 150x | as long as short |
| Phemex BNBUSDT | +0.0020% | 8h | 797.76 | +0.066% | $69.7M | $50.2M | 50x | as long as short |
| Injective BNB/USDC PERP | +0.0033% | 1h | 805.09 | +0.986% | $19K | $789K | 30x | as long as short |
GMX BNB/USD [WBTC.b-USDC]
Kraken Futures PF_BNBUSD
Hotstuff BNB-PERP
Gate BNB_USDT
GRVT BNB_USDT_Perp
StandX BNB-USD
Variational Omni BNB
gTrade (Gains Network) BNB/USD
Phemex BNBUSDT
Injective BNB/USDC PERPShow all 46 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX BNB-USDC | +0.0035% | 8h | 797.26 | +0.003% | — | $13.3M | — | as long as short |
| Aster BNBUSDT | +0.0046% | 8h | 797.68 | +0.057% | $6.1M | $19.5M | 200x | as long as short |
| Coinbase International BNB-PERP-INTX | +0.0048% | 1h | 797.60 | +0.046% | $610K | $1.1M | 50x | as long as short |
| MEXC BNB_USDT | +0.0071% | 8h | 797.80 | +0.071% | $83.0M | $13.7M | 200x | as long as short |
| Binance BNBUSDT | +0.0071% | 8h | 797.55 | +0.040% | $496.4M | $810.8M | 75x | as long as short |
| Bybit BNBUSDTshort | +0.0071% | 8h | 796.71 | −0.066% | $138.4M | $76.2M | 75x | |
| Lighter BNB | +0.0096% | 1h | 797.36 | +0.016% | $2.8M | $4.0M | 20x | as long as short |
| Phoenix BNB | +0.0099% | 1h | 799.02 | +0.224% | $172K | $36K | 10x | as long as short |
| Nado BNB-PERP | +0.0100% | 1h | 797.10 | −0.017% | $1.5M | $2.7M | 20x | as long as short |
| Pacifica BNB | +0.0100% | 1h | 797.24 | +0.001% | $1.2M | $930K | 20x | as long as short |
| OKX BNB-USDT-SWAP | +0.0100% | 8h | 796.60 | −0.079% | $54.2M | $110.7M | 50x | as long as short |
| Arcus BNB-USD | +0.0100% | 1h | 797.30 | +0.008% | $52K | $127K | 10x | as long as short |
| KuCoin BNBUSDTM | +0.0100% | 8h | 796.95 | −0.035% | $27.9M | $10.0M | 75x | as long as short |
| Bitget BNBUSDT | +0.0100% | 8h | 796.90 | −0.042% | $78.1M | $28.0M | 75x | as long as short |
| edgeX BNBUSDC | +0.0100% | 4h | 799.04 | +0.227% | $4.2M | $76.0M | 30x | as long as short |
| ApeX Omni BNBUSDT | +0.0100% | 1h | 799.32 | +0.262% | $161K | $436K | 50x | as long as short |
| Polymarket Perps BNB-USD | +0.0100% | 1h | 797.15 | −0.010% | $113K | $885K | 10x | as long as short |
| Orderly PERP_BNB_USDC | +0.0100% | 8h | 797.11 | −0.015% | $385K | $459K | 50x | as long as short |
| Derive BNB-PERP | +0.0100% | 1h | 797.30 | +0.008% | $32K | $9K | 10x | as long as short |
| SunX BNB-USDT | +0.0100% | 8h | 797.64 | +0.051% | $13K | $1.6M | 50x | as long as short |
| SoDEX BNB-USD | +0.0100% | 1h | 797.30 | +0.008% | $392K | $995K | 10x | as long as short |
| HTX BNB-USDT | +0.0100% | 8h | 797.35 | +0.015% | $8.2M | $8.4M | 75x | as long as short |
| Paradex BNB-USD-PERP | +0.0100% | 8h | 797.68 | +0.056% | $78K | $18K | 50x | as long as short |
| Extended BNB-USD | +0.0104% | 1h | 796.75 | −0.060% | $1.8M | $6.0M | 50x | as long as short |
| Aevo BNB-PERPlong | +0.0104% | 1h | 797.23 | long leg | $383K | $110K | 10x | |
| Bulk BNB-USD | +0.0133% | 1h | 798.69 | +0.183% | $649K | $10K | 10x | as long as short |
| RISEx BNB/USDC | +0.0155% | 1h | 797.08 | −0.019% | $1.1M | $1.4M | 20x | as long as short |
| Kalshi KXBNBPERP | +0.0160% | 8h | 797.90 | +0.084% | $88K | $2.8M | 4.8x | as long as short |
| dYdX BNB-USD | +0.0187% | 1h | 797.59 | +0.045% | $161K | $63K | 10x | as long as short |
| BloFin BNB-USDT | +0.0191% | 8h | 797.85 | +0.077% | $18.1M | $2.5M | 75x | as long as short |
| 01 Exchange BNBUSD | +0.0200% | 1h | 797.25 | +0.002% | $28K | $1K | 10x | as long as short |
| Deribit BNB_USDC-PERPETUAL | +0.0200% | 1h | 797.61 | +0.047% | $1.6M | $161K | 25x | as long as short |
| Hyperliquid BNB | +0.0284% | 1h | 797.89 | +0.083% | $53.0M | $20.1M | 10x | as long as short |
| Reya BNBRUSDPERP | +0.0330% | 1h | 796.70 | −0.066% | $6K | $3K | 40x | as long as short |
| Hibachi BNB/USDT-P | +0.0344% | 1h | 798.94 | +0.214% | $68K | $39K | 12x | as long as short |
| Backpack BNB_USDC_PERP | +0.0429% | 1h | 797.97 | +0.092% | $2.7M | $5.7M | 40x | as long as short |
BingX BNB-USDC
Aster BNBUSDT
Coinbase International BNB-PERP-INTX
MEXC BNB_USDT
Binance BNBUSDT
Lighter BNB
Phoenix BNB
Nado BNB-PERP
Pacifica BNB
OKX BNB-USDT-SWAP
Arcus BNB-USD
KuCoin BNBUSDTM
Bitget BNBUSDT
edgeX BNBUSDC
ApeX Omni BNBUSDT
Polymarket Perps BNB-USD
Orderly PERP_BNB_USDC
Derive BNB-PERP
SunX BNB-USDT
SoDEX BNB-USD
HTX BNB-USDT
Paradex BNB-USD-PERP
Extended BNB-USD
Bulk BNB-USD
RISEx BNB/USDC
Kalshi KXBNBPERP
dYdX BNB-USD
BloFin BNB-USDT
01 Exchange BNBUSD
Deribit BNB_USDC-PERPETUAL
Hyperliquid BNB
Reya BNBRUSDPERP
Hibachi BNB/USDT-P
Backpack BNB_USDC_PERP