BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0032%/8h= +3.5% APRnext payment +$0.04 per $10,000 · paid last 24h −0.007%

Price spread now: Coinbase International against Aevo+0.046%7-day average −0.015% · you sell dearer than you buy

Net, funding: paid 7d − costs−$103as in the Funding arb table

Net, price: spread back to 7d avg − costs−$86as in the Price arb table

costs, in and out, $10k−$920.920% of the position

Long on Aevo Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−0.109%−$11 on $10k

Price spread, last 4 days (all we have)−0.159%−$16 · spread now +0.046%, 7d avg −0.015%

Together, before fees−0.268%−$27 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Coinbase International is 0.061% dearer against Aevo than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of −0.015%. Mind the row above: over the last 7 days funding on this pair cost −0.109%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo BNB-PERP	785.57	0.0104	pay 0.0013% / 1h	48m 22s	$377K	$110K	10x
Short	Coinbase International BNB-PERP-INTX	785.93	0.0136	get 0.0017% / 1h	48m 22s	$537K	$1.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now +0.046%Rate

Funding earned: $6.72
Price spread: +0.046% → −0.015%: $6.07
Slippage, 4 orders: −$65.97
Fee Aevo: 8 bp × 2 orders: −$16
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$79.19
Costs to cover: 0.920%
Break-even: 89.5 days

Slippage from Aevo: live order book, 59 min ago; Coinbase International: live order book, 3 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, 59 min ago	19.71 bp	46.7 bp −$47	53.6 bp −$536	81.7 bp −$8,168	doesn't fit
Sell Coinbase International live order book, 3 min ago	2.67 bp	7.7 bp −$8	13.2 bp −$132	doesn't fit	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	785.37	−0.025%	$43K	—	200x	as long as short
Kraken Futures PF_BNBUSD	−0.0138%	1h	785.66	+0.012%	$2.6M	$1.4M	50x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	786.45	+0.112%	$4K	—	25x	as long as short
Bybit BNBUSDT	−0.0062%	8h	785.15	−0.053%	$138.5M	$66.0M	75x	as long as short
BingX BNB-USDT	−0.0050%	8h	785.65	+0.010%	—	$50.3M	—	as long as short
Aster BNBUSDT	0.0000%	8h	785.85	+0.036%	$5.9M	$16.8M	200x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	786.52	+0.121%	$2.9M	$26.8M	10x	as long as short
Kalshi KXBNBPERP	0.0000%	8h	785.30	−0.034%	$153K	$2.5M	4.8x	as long as short
StandX BNB-USD	0.0000%	1h	787.24	+0.213%	$849K	$3.0M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	785.46	−0.014%	$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	+0.0008%	8h	786.90	+0.169%	$83.3M	$11.5M	200x	as long as short
Binance BNBUSDT	+0.0008%	8h	785.97	+0.051%	$479.9M	$752.6M	75x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.485%	$19K	$789K	30x	as long as short
BloFin BNB-USDT	+0.0034%	8h	785.28	−0.037%	$18.5M	$2.3M	75x	as long as short
Phemex BNBUSDT	+0.0084%	8h	785.48	−0.011%	$68.2M	$50.1M	50x	as long as short
Variational Omni BNB	+0.0087%	8h	785.24	−0.042%	$4.3M	$4.3M	—	as long as short
Lighter BNB	+0.0096%	1h	785.97	+0.050%	$2.7M	$2.9M	20x	as long as short
Nado BNB-PERP	+0.0100%	1h	785.34	−0.029%	$1.3M	$2.3M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	785.99	+0.053%	$52.0M	$16.4M	10x	as long as short
Pacifica BNB	+0.0100%	1h	786.11	+0.069%	$1.2M	$927K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	785.30	−0.034%	$53.3M	$99.8M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	785.80	+0.029%	$57K	$124K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	785.35	−0.028%	$42.1M	$51.8M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	785.22	−0.044%	$28.2M	$9.6M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	785.24	−0.042%	$75.5M	$30.7M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	785.60	+0.004%	$2.2M	$6.0M	40x	as long as short
edgeX BNBUSDC	+0.0100%	4h	786.40	+0.106%	$4.1M	$71.5M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	786.54	+0.124%	$158K	$459K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	785.18	−0.050%	$126K	$911K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	785.69	+0.015%	$264K	$258K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	785.80	+0.030%	$31K	$10K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	786.21	+0.081%	$12K	$1.3M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	785.90	+0.042%	$386K	$922K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0100%	1h	785.92	+0.044%	$1.5M	$126K	25x	as long as short
HTX BNB-USDT	+0.0100%	8h	785.00	−0.072%	$8.0M	$9.9M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	786.25	+0.087%	$78K	$1.3M	50x	as long as short
Extended BNB-USD	+0.0104%	1h	785.06	−0.065%	$1.8M	$5.5M	50x	as long as short
Aevo BNB-PERPlong	+0.0104%	1h	785.57	long leg	$377K	$110K	10x
Phoenix BNB	+0.0116%	1h	786.56	+0.126%	$158K	$45K	10x	as long as short
Coinbase International BNB-PERP-INTXshort	+0.0136%	1h	785.93	+0.046%	$537K	$1.9M	50x
01 Exchange BNBUSD	+0.0256%	1h	785.98	+0.052%	$28K	$3K	10x	as long as short
Hibachi BNB/USDT-P	+0.0272%	1h	786.31	+0.095%	$67K	$34K	12x	as long as short
Bulk BNB-USD	+0.0274%	1h	787.88	+0.294%	$638K	$10K	10x	as long as short
dYdX BNB-USD	+0.0315%	1h	785.84	+0.035%	$158K	$34K	10x	as long as short
Reya BNBRUSDPERP	+0.0315%	1h	784.74	−0.105%	$6K	$3K	40x	as long as short
RISEx BNB/USDC	+0.0391%	1h	785.75	+0.022%	$1.1M	$939K	20x	as long as short