Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%

Price spread now: Gate against Aevo−0.036%7-day average −0.025% · you buy dearer than you sell

Net, funding: paid 7d − costs−$54as in the Funding arb table

Net, price: spread back to 7d avg − costs−$49as in the Price arb table

costs, in and out, $10k−$470.474% of the position

Long on Aevo Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.067%−$7 on $10k

Price spread, last 4 days (all we have)+0.078%+$8 · spread now −0.036%, 7d avg −0.025%

Together, before fees+0.011%+$1 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo BNB-PERP	787.28	0.0104	pay 0.0013% / 1h	1m 21s	$378K	$110K	10x
Short	Gate BNB_USDT	787.00	0.0100	get 0.0100% / 8h	3h 01m	$36.2M	$58.5M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.036%Rate

Funding earned: −$0.84
Price spread: −0.036% → −0.025%: −$1.08
Slippage, 4 orders: −$16.44
Fee Aevo: 8 bp × 2 orders: −$16
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$49.36
Costs to cover: 0.474%
Break-even: never at this rate

Slippage from Aevo: live order book, 53 min ago; Gate: 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, 53 min ago	2.85 bp	14.7 bp −$15	20.1 bp −$201	31.6 bp −$3,158	doesn't fit
Sell Gate live order book, 3 min ago	0.32 bp	8.7 bp −$9	10.9 bp −$109	25.1 bp −$2,514	54.5 bp −$27.3K

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	787.00	−0.036%	$46K	—	200x	as long as short
Kraken Futures PF_BNBUSD	−0.0124%	1h	786.71	−0.073%	$2.5M	$1.2M	50x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	787.31	+0.004%	$4K	$42	25x	as long as short
Kalshi KXBNBPERP	0.0000%	8h	787.20	−0.010%	$122K	$2.7M	4.8x	as long as short
StandX BNB-USD	0.0000%	1h	787.31	+0.004%	$849K	$3.1M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	787.00	−0.035%	$9.5M	—	150x	as long as short
Aster BNBUSDT	+0.0023%	8h	787.68	+0.050%	$6.1M	$19.1M	200x	as long as short
BingX BNB-USDT	+0.0033%	8h	787.21	−0.009%	—	$22.3M	—	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.262%	$19K	$789K	30x	as long as short
MEXC BNB_USDT	+0.0044%	8h	788.20	+0.117%	$79.9M	$12.1M	200x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance BNBUSDT	+0.0044%	8h	787.79	+0.065%	$490.3M	$804.4M	75x	as long as short
Phemex BNBUSDT	+0.0049%	8h	787.27	−0.001%	$68.9M	$50.7M	50x	as long as short
Coinbase International BNB-PERP-INTX	+0.0072%	1h	787.21	−0.009%	$579K	$1.9M	50x	as long as short
dYdX BNB-USD	+0.0077%	1h	786.57	−0.091%	$159K	$61K	10x	as long as short
Phoenix BNB	+0.0092%	1h	787.26	−0.003%	$169K	$35K	10x	as long as short
Lighter BNB	+0.0096%	1h	786.88	−0.050%	$2.7M	$3.9M	20x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	787.08	−0.026%	$265K	$491K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	786.55	−0.093%	$1.5M	$2.6M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	787.73	+0.057%	$51.7M	$17.5M	10x	as long as short
Pacifica BNB	+0.0100%	1h	787.11	−0.022%	$1.2M	$934K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	787.00	−0.036%	$138.3M	$74.1M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	786.90	−0.048%	$53.5M	$111.5M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	787.20	−0.010%	$52K	$133K	10x	as long as short
Gate BNB_USDTshort	+0.0100%	8h	787.00	−0.036%	$36.2M	$58.5M	75x
KuCoin BNBUSDTM	+0.0100%	8h	786.72	−0.071%	$27.6M	$10.3M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	786.73	−0.070%	$76.1M	$30.7M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	787.07	−0.027%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	787.11	−0.021%	$4.1M	$4.6M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	787.45	+0.022%	$4.1M	$74.5M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	787.41	+0.016%	$158K	$437K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	786.99	−0.037%	$132K	$956K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	787.14	−0.018%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	787.22	−0.008%	$12K	$1.5M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	786.90	−0.048%	$387K	$1.0M	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	786.75	−0.068%	$8.1M	$9.7M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	787.23	−0.006%	$76K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	786.74	−0.069%	$1.8M	$6.3M	50x	as long as short
Aevo BNB-PERPlong	+0.0104%	1h	787.28	long leg	$378K	$110K	10x
BloFin BNB-USDT	+0.0164%	8h	787.38	+0.013%	$17.7M	$2.2M	75x	as long as short
GRVT BNB_USDT_Perp	+0.0185%	8h	787.96	+0.087%	$2.9M	$28.9M	10x	as long as short
Bulk BNB-USD	+0.0223%	1h	788.23	+0.120%	$639K	$10K	10x	as long as short
01 Exchange BNBUSD	+0.0248%	1h	787.77	+0.062%	$28K	$4K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	787.17	−0.014%	$1.5M	$143K	25x	as long as short
Reya BNBRUSDPERP	+0.0324%	1h	786.80	−0.061%	$6K	$3K	40x	as long as short
RISEx BNB/USDC	+0.0431%	1h	787.31	+0.004%	$1.1M	$907K	20x	as long as short
Hibachi BNB/USDT-P	+0.0440%	1h	786.89	−0.050%	$67K	$39K	12x	as long as short