Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%

Price spread now: Orderly against Aevo+0.009%7-day average +0.019% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Aevo Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 7 days−0.008%−$1 on $10k

Price spread, last 4 days (all we have)+0.002%$0 · spread now +0.009%, 7d avg +0.019%

Together, before fees−0.007%−$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	787.35	0.0104	pay 0.0013% / 1h	18m 17s	$378K	$110K	10x
Short	Orderly PERP_BNB_USDC	787.42	0.0100	get 0.0100% / 8h	6h 18m	$264K	$299K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now +0.009%Rate

Funding earned: −$0.84
Price spread: +0.009% → +0.019%: −$1.01
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$23.85
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: Aevo: live order book, 33 min ago; Orderly: no order-book sample. Net counts fees only.

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, 33 min ago	5.73 bp	14.6 bp −$15	17.5 bp −$175	25.4 bp −$2,544	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

BNB on 45 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	786.58	−0.097%	$43K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	787.06	−0.036%	$4K	—	25x	as long as short
Aster BNBUSDT	0.0000%	8h	787.91	+0.072%	$5.9M	$17.4M	200x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	787.34	−0.001%	$3.0M	$26.4M	10x	as long as short
Kalshi KXBNBPERP	0.0000%	8h	787.30	−0.006%	$149K	$2.5M	4.8x	as long as short
StandX BNB-USD	0.0000%	1h	786.95	−0.050%	$849K	$2.8M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	786.58	−0.097%	$9.5M	—	150x	as long as short
MEXC BNB_USDT	+0.0020%	8h	788.80	+0.185%	$83.4M	$12.2M	200x	as long as short
Binance BNBUSDT	+0.0020%	8h	787.96	+0.078%	$482.1M	$778.8M	75x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.254%	$19K	$789K	30x	as long as short

Show all 45 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_BNBUSD	+0.0035%	1h	787.43	+0.011%	$2.5M	$1.3M	50x	as long as short
Bybit BNBUSDT	+0.0073%	8h	787.10	−0.031%	$138.6M	$68.3M	75x	as long as short
BloFin BNB-USDT	+0.0080%	8h	787.36	+0.002%	$17.6M	$2.2M	75x	as long as short
Phemex BNBUSDT	+0.0090%	8h	787.97	+0.079%	$68.5M	$51.2M	50x	as long as short
Phoenix BNB	+0.0094%	1h	787.39	+0.006%	$158K	$45K	10x	as long as short
Lighter BNB	+0.0096%	1h	787.51	+0.021%	$2.7M	$3.4M	20x	as long as short
Nado BNB-PERP	+0.0100%	1h	787.10	−0.031%	$1.4M	$2.4M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	787.98	+0.081%	$51.8M	$17.0M	10x	as long as short
Pacifica BNB	+0.0100%	1h	787.17	−0.022%	$1.2M	$933K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	787.10	−0.031%	$53.3M	$104.3M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	787.50	+0.020%	$57K	$122K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	787.25	−0.012%	$40.7M	$55.3M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	787.16	−0.024%	$28.2M	$9.7M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	787.08	−0.034%	$75.6M	$32.2M	75x	as long as short
BingX BNB-USDT	+0.0100%	8h	787.34	−0.001%	—	$22.2M	—	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	787.10	−0.031%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	786.49	−0.109%	$4.3M	$4.5M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	787.61	+0.034%	$4.1M	$75.5M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	787.82	+0.060%	$159K	$445K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	787.50	+0.020%	$130K	$911K	10x	as long as short
Orderly PERP_BNB_USDCshort	+0.0100%	8h	787.42	+0.009%	$264K	$299K	50x
SunX BNB-USDT	+0.0100%	8h	787.98	+0.080%	$12K	$1.4M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	787.50	+0.020%	$387K	$927K	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	787.48	+0.017%	$8.0M	$10.2M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	787.46	+0.014%	$78K	$337K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	786.87	−0.061%	$1.8M	$5.6M	50x	as long as short
Aevo BNB-PERPlong	+0.0104%	1h	787.35	long leg	$378K	$110K	10x
Coinbase International BNB-PERP-INTX	+0.0136%	1h	786.42	−0.118%	$544K	$1.9M	50x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0200%	1h	787.78	+0.055%	$1.5M	$158K	25x	as long as short
Bulk BNB-USD	+0.0212%	1h	787.70	+0.046%	$638K	$0	10x	as long as short
01 Exchange BNBUSD	+0.0240%	1h	788.01	+0.084%	$28K	$3K	10x	as long as short
Reya BNBRUSDPERP	+0.0317%	1h	786.92	−0.054%	$6K	$3K	40x	as long as short
RISEx BNB/USDC	+0.0345%	1h	787.69	+0.043%	$1.1M	$910K	20x	as long as short
Hibachi BNB/USDT-P	+0.0352%	1h	786.84	−0.064%	$67K	$37K	12x	as long as short
dYdX BNB-USD	+0.0376%	1h	787.28	−0.008%	$158K	$36K	10x	as long as short