Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%

Price spread now: KuCoin against Aevo−0.084%7-day average −0.020% · you buy dearer than you sell

Net, funding: paid 7d − costs−$52as in the Funding arb table

Net, price: spread back to 7d avg − costs−$54as in the Price arb table

costs, in and out, $10k−$480.479% of the position

Long on Aevo Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.041%−$4 on $10k

Price spread, last 4 days (all we have)+0.095%+$9 · spread now −0.084%, 7d avg −0.020%

Together, before fees+0.054%+$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: KuCoin is 0.063% cheaper against Aevo than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of −0.020%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo BNB-PERP	787.52	0.0104	pay 0.0013% / 1h	10m 00s	$378K	$110K	10x
Short	KuCoin BNBUSDTM	786.86	0.0100	get 0.0100% / 8h	1h 10m	$27.7M	$10.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.084%Rate

Funding earned: −$0.84
Price spread: −0.084% → −0.020%: −$6.34
Slippage, 4 orders: −$19.9
Fee Aevo: 8 bp × 2 orders: −$16
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$55.08
Costs to cover: 0.479%
Break-even: never at this rate

Slippage from Aevo: live order book, 34 min ago; KuCoin: live order book, 4 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, 34 min ago	3.18 bp	13.9 bp −$14	20.0 bp −$200	23.4 bp −$2,339	doesn't fit
Sell KuCoin live order book, 4 min ago	0.44 bp	10.5 bp −$11	17.5 bp −$175	44.8 bp −$4,476	doesn't fit

BNB on 45 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 −0.0170% / S +0.0337%	1h	787.20	−0.040%	$43K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	787.66	+0.018%	$4K	$42	25x	as long as short
StandX BNB-USD	0.0000%	1h	788.06	+0.069%	$850K	$2.8M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	787.27	−0.032%	$9.5M	—	150x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.231%	$19K	$789K	30x	as long as short
BingX BNB-USDC	+0.0049%	8h	787.46	−0.007%	—	$13.4M	—	as long as short
Aster BNBUSDT	+0.0050%	8h	787.69	+0.022%	$6.1M	$18.8M	200x	as long as short
MEXC BNB_USDT	+0.0060%	8h	788.40	+0.112%	$81.1M	$12.1M	200x	as long as short
Binance BNBUSDT	+0.0060%	8h	787.73	+0.027%	$490.3M	$819.4M	75x	as long as short
dYdX BNB-USD	+0.0066%	1h	787.28	−0.030%	$160K	$62K	10x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex BNBUSDT	+0.0074%	8h	788.02	+0.064%	$68.9M	$51.2M	50x	as long as short
Coinbase International BNB-PERP-INTX	+0.0080%	1h	787.30	−0.028%	$568K	$1.9M	50x	as long as short
Lighter BNB	+0.0096%	1h	787.61	+0.011%	$2.7M	$3.9M	20x	as long as short
Nado BNB-PERP	+0.0100%	1h	787.35	−0.021%	$1.4M	$2.7M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	787.99	+0.060%	$51.6M	$17.7M	10x	as long as short
Pacifica BNB	+0.0100%	1h	787.78	+0.033%	$1.2M	$933K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	787.10	−0.053%	$138.5M	$74.9M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	787.10	−0.053%	$53.6M	$113.1M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	787.60	+0.010%	$52K	$129K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	787.20	−0.040%	$37.8M	$59.5M	75x	as long as short
KuCoin BNBUSDTMshort	+0.0100%	8h	786.86	−0.084%	$27.7M	$10.2M	75x
Bitget BNBUSDT	+0.0100%	8h	787.19	−0.042%	$76.2M	$31.2M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	787.78	+0.033%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	787.00	−0.065%	$4.0M	$4.8M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	787.81	+0.038%	$4.1M	$76.3M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	787.50	−0.002%	$159K	$438K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	787.16	−0.045%	$132K	$951K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	787.48	−0.005%	$265K	$470K	50x	as long as short
SunX BNB-USDT	+0.0100%	8h	787.92	+0.051%	$12K	$1.5M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	787.60	+0.010%	$387K	$979K	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	787.54	+0.003%	$8.0M	$10.2M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	788.08	+0.072%	$78K	$18K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	786.87	−0.082%	$1.8M	$5.9M	50x	as long as short
Aevo BNB-PERPlong	+0.0104%	1h	787.52	long leg	$378K	$110K	10x
Kalshi KXBNBPERP	+0.0117%	8h	787.80	+0.036%	$170K	$2.7M	4.8x	as long as short
Phoenix BNB	+0.0135%	1h	787.80	+0.036%	$169K	$35K	10x	as long as short
BloFin BNB-USDT	+0.0180%	8h	787.92	+0.051%	$17.7M	$2.2M	75x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0200%	1h	787.88	+0.046%	$1.5M	$145K	25x	as long as short
Kraken Futures PF_BNBUSD	+0.0205%	1h	787.28	−0.030%	$2.5M	$1.2M	50x	as long as short
Bulk BNB-USD	+0.0222%	1h	787.85	+0.042%	$639K	$831	10x	as long as short
GRVT BNB_USDT_Perp	+0.0228%	8h	788.10	+0.074%	$2.9M	$29.3M	10x	as long as short
01 Exchange BNBUSD	+0.0248%	1h	787.90	+0.048%	$28K	$4K	10x	as long as short
Reya BNBRUSDPERP	+0.0321%	1h	787.00	−0.066%	$6K	$3K	40x	as long as short
RISEx BNB/USDC	+0.0438%	1h	787.67	+0.019%	$1.1M	$915K	20x	as long as short
Hibachi BNB/USDT-P	+0.0488%	1h	787.47	−0.006%	$67K	$39K	12x	as long as short