Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%

Price spread now: edgeX against Aevo+0.103%72s7-day average +0.057% · 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—prices read too far apart to compare

costs, in and out, $10k−$440.442% of the position

Long on Aevo Short on edgeX

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)−0.046%−$5 · spread now +0.103%, 7d avg +0.057%

Together, before fees−0.054%+ Points / potential airdropedgeX: Active · farm board−$5 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: edgeX is 0.046% dearer against Aevo than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of +0.057%. The two prices were read 72 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo BNB-PERP	793.08	0.0104	pay 0.0013% / 1h	45m 46s	$381K	$110K	10x
Short	edgeX BNBUSDC	793.89	0.0100	get 0.0050% / 4h	2h 45m	$4.1M	$76.8M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now +0.103%Rate

Funding earned: −$0.84
Price spread: +0.103% → +0.057%: $4.61
Slippage, 4 orders: −$19.22
Fee Aevo: 8 bp × 2 orders: −$16
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$40.45
Costs to cover: 0.442%
Break-even: never at this rate

Slippage from Aevo: live order book, 23 min ago; edgeX: 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, 23 min ago	3.13 bp	15.7 bp −$16	19.7 bp −$197	23.2 bp −$2,321	doesn't fit
Sell edgeX live order book, 3 min ago	2.52 bp	7.0 bp −$7	7.0 bp −$70	10.5 bp −$1,051	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 −0.0161% / S +0.0334%	1h	792.73	−0.043%	$47K	—	200x	as long as short
Kraken Futures PF_BNBUSD	−0.0132%	1h	792.99	−0.012%	$2.5M	$1.0M	50x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	793.03	−0.006%	$4K	$239	25x	as long as short
Gate BNB_USDT	−0.0024%	8h	792.55	−0.067%	$35.4M	$55.4M	75x	as long as short
StandX BNB-USD	0.0000%	1h	793.57	+0.062%	$858K	$3.0M	30x	as long as short
GRVT BNB_USDT_Perp	+0.0002%	8h	793.91	+0.105%	$3.0M	$28.4M	10x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	792.91	−0.021%	$9.7M	—	150x	as long as short
Variational Omni BNB	+0.0010%	8h	792.53	−0.070%	$4.1M	$5.0M	—	as long as short
Aster BNBUSDT	+0.0033%	8h	793.40	+0.040%	$6.1M	$19.9M	200x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+1.514%	$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	+0.0033%	8h	793.54	+0.058%	$69.3M	$50.3M	50x	as long as short
dYdX BNB-USD	+0.0039%	1h	793.14	+0.008%	$160K	$63K	10x	as long as short
BingX BNB-USDT	+0.0050%	8h	792.91	−0.021%	—	$35.0M	—	as long as short
Coinbase International BNB-PERP-INTX	+0.0056%	1h	792.52	−0.071%	$608K	$1.1M	50x	as long as short
MEXC BNB_USDT	+0.0062%	8h	793.50	+0.053%	$82.3M	$12.7M	200x	as long as short
Binance BNBUSDT	+0.0062%	8h	793.27	+0.024%	$493.5M	$815.3M	75x	as long as short
Phoenix BNB	+0.0088%	1h	792.08	−0.126%	$170K	$36K	10x	as long as short
Bybit BNBUSDT	+0.0089%	8h	792.80	−0.035%	$138.1M	$77.0M	75x	as long as short
Lighter BNB	+0.0096%	1h	792.92	−0.020%	$2.8M	$3.9M	20x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	792.95	−0.016%	$383K	$409K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	792.75	−0.042%	$1.4M	$2.7M	20x	as long as short
Pacifica BNB	+0.0100%	1h	793.16	+0.010%	$1.2M	$932K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	792.60	−0.060%	$53.2M	$111.0M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	793.10	+0.003%	$52K	$134K	10x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	792.81	−0.034%	$27.7M	$10.0M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	792.84	−0.030%	$77.4M	$28.3M	75x	as long as short
edgeX BNBUSDCshort	+0.0100%	4h	793.89	+0.103%	$4.1M	$76.8M	30x
ApeX Omni BNBUSDT	+0.0100%	1h	793.99	+0.115%	$160K	$435K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	792.66	−0.053%	$112K	$887K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	793.19	+0.014%	$32K	$9K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	793.39	+0.039%	$13K	$1.6M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	793.10	+0.003%	$390K	$995K	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	792.75	−0.042%	$8.1M	$8.7M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	793.49	+0.052%	$77K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	792.50	−0.073%	$1.7M	$6.0M	50x	as long as short
Aevo BNB-PERPlong	+0.0104%	1h	793.08	long leg	$381K	$110K	10x
Hyperliquid BNB	+0.0124%	1h	793.42	+0.043%	$52.6M	$19.8M	10x	as long as short
RISEx BNB/USDC	+0.0131%	1h	793.05	−0.003%	$1.1M	$1.4M	20x	as long as short
Kalshi KXBNBPERP	+0.0160%	8h	793.40	+0.040%	$112K	$2.8M	4.8x	as long as short
Bulk BNB-USD	+0.0167%	1h	793.21	+0.016%	$644K	$10K	10x	as long as short
BloFin BNB-USDT	+0.0182%	8h	794.06	+0.124%	$18.1M	$2.5M	75x	as long as short
01 Exchange BNBUSD	+0.0240%	1h	793.55	+0.059%	$28K	$2K	10x	as long as short
Reya BNBRUSDPERP	+0.0329%	1h	792.51	−0.072%	$6K	$3K	40x	as long as short
Backpack BNB_USDC_PERP	+0.0371%	1h	793.78	+0.088%	$2.7M	$5.7M	40x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0400%	1h	793.57	+0.062%	$1.6M	$161K	25x	as long as short
Hibachi BNB/USDT-P	+0.0472%	1h	793.05	−0.003%	$68K	$38K	12x	as long as short