Settings8H · net · $10k
Funding arb · Price arb /

BNB

all BNB markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 21:00 UTC+0.0039%/8h= +4.2% APRnext payment +$0.05 per $10,000 · paid last 24h +0.011%
Price spread now: RISEx against Aevo−0.049%7-day average +0.011% · you buy dearer than you sell
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$43as in the Price arb table
costs, in and out, $10k−$370.369% of the position
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.096%+$10 on $10k
Price spread, last 3 days (all we have)+0.367%+$37 · spread now −0.049%, 7d avg +0.011%
Together, before fees+0.463%+$46 on $10k · with fees, hour by hour
Funding pays, the price is against you. RISEx is 0.060% cheaper against Aevo than usual: you would sell low and buy high (spread −0.049% now, against its 7-day average of +0.011%). If the spread goes back, that is −$6 on $10k: about 5.2 days of funding at the current rate (+$1 a day). At the pace of the last 3 days (+0.096% in total) that is about 2.0 days.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAevo BNB-PERP806.490.0104pay 0.0013% / 1h32m 13s$387K$40K10x
ShortRISEx BNB/USDC806.090.0143get 0.0018% / 1h32m 13s$1.1M$1.4M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

RISEx 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

Funding earned
$8.11
Price spread: −0.049% → +0.011%
−$5.97
Slippage, 4 orders
−$14.93
Fee Aevo: 8 bp × 2 orders
−$16
Fee RISEx: 3 bp × 2 orders
−$6
Net
−$34.79
Costs to cover
0.369%
Break-even
37.0 days
Slippage from Aevo: live order book, 17 min ago; RISEx: live order book, 2 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Aevo live order book, 17 min ago1.87 bp13.6 bp −$1419.7 bp −$19722.6 bp −$2,264doesn't fit
Sell RISEx live order book, 2 min ago2.24 bp5.2 bp −$58.3 bp −$83doesn't fitdoesn't fit

BNB on 46 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GMX BNB/USD [WBTC.b-USDC]L −0.0195% / S +0.0371%1h805.69−0.099%$49K200xas long as short
Hotstuff BNB-PERP−0.0080%1h806.71+0.028%$4K$1K25xas long as short
GRVT BNB_USDT_Perp0.0000%8h805.16−0.164%$3.0M$29.8M10xas long as short
Kalshi KXBNBPERP0.0000%8h806.60+0.014%$115K$2.5M4.8xas long as short
StandX BNB-USD0.0000%1h804.73−0.218%$870K$3.0M30xas long as short
gTrade (Gains Network) BNB/USDL +0.0008% / S −0.0008%1h805.86−0.078%$9.8M150xas long as short
Coinbase International BNB-PERP-INTX+0.0064%1h805.24−0.154%$609K$903K50xas long as short
Variational Omni BNB+0.0069%8h804.46−0.251%$4.1M$5.5Mas long as short
BingX BNB-USDC+0.0074%8h805.86−0.078%$13.2Mas long as short
Phemex BNBUSDT+0.0089%8h806.75+0.033%$70.5M$51.4M50xas long as short
Show all 46 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster BNBUSDT+0.0093%8h806.42−0.008%$6.3M$18.9M200xas long as short
MEXC BNB_USDT+0.0094%8h807.00+0.064%$85.2M$14.9M200xas long as short
Binance BNBUSDT+0.0094%8h806.72+0.029%$519.9M$806.6M75xas long as short
Lighter BNB+0.0096%1h806.48−0.001%$2.8M$4.2M20xas long as short
Nado BNB-PERP+0.0100%1h806.00−0.060%$1.4M$2.8M20xas long as short
Pacifica BNB+0.0100%1h806.25−0.029%$1.2M$915K20xas long as short
Bybit BNBUSDT+0.0100%8h805.90−0.073%$139.3M$84.0M75xas long as short
OKX BNB-USDT-SWAP+0.0100%8h805.90−0.073%$55.2M$115.9M50xas long as short
Arcus BNB-USD+0.0100%1h806.10−0.048%$52K$222K10xas long as short
Bulk BNB-USD+0.0100%1h806.70+0.027%$652K$11K10xas long as short
Gate BNB_USDT+0.0100%8h805.90−0.073%$36.1M$58.6M75xas long as short
KuCoin BNBUSDTM+0.0100%8h805.65−0.104%$28.1M$10.5M75xas long as short
Bitget BNBUSDT+0.0100%8h805.96−0.065%$79.1M$24.5M75xas long as short
edgeX BNBUSDC+0.0100%4h805.45−0.129%$4.2M$76.7M30xas long as short
ApeX Omni BNBUSDT+0.0100%1h805.32−0.145%$159K$437K50xas long as short
Polymarket Perps BNB-USD+0.0100%1h805.72−0.095%$119K$876K10xas long as short
Orderly PERP_BNB_USDC+0.0100%8h806.27−0.027%$390K$596K50xas long as short
Derive BNB-PERP+0.0100%1h806.42−0.009%$32K$5K10xas long as short
SunX BNB-USDT+0.0100%8h806.26−0.028%$13K$1.7M50xas long as short
SoDEX BNB-USD+0.0100%1h806.40−0.011%$397K$1.0M10xas long as short
HTX BNB-USDT+0.0100%8h806.10−0.048%$8.2M$7.1M75xas long as short
Paradex BNB-USD-PERP+0.0100%8h807.17+0.085%$79K$19K50xas long as short
Extended BNB-USD+0.0104%1h806.04−0.055%$1.9M$6.3M50xas long as short
Aevo BNB-PERPlong+0.0104%1h806.49long leg$387K$40K10x
Phoenix BNB+0.0110%1h805.55−0.116%$173K$35K10xas long as short
Kraken Futures PF_BNBUSD+0.0131%1h806.19−0.036%$2.5M$915K50xas long as short
RISEx BNB/USDCshort+0.0143%1h806.09−0.049%$1.1M$1.4M20x
Injective BNB/USDC PERP+0.0157%1h800.33−0.763%$19K$423K30xas long as short
Deribit BNB_USDC-PERPETUAL+0.0200%1h806.73+0.030%$1.6M$160K25xas long as short
Hyperliquid BNB+0.0209%1h806.59+0.013%$51.8M$21.5M10xas long as short
BloFin BNB-USDT+0.0214%8h806.63+0.018%$18.8M$3.0M75xas long as short
Hibachi BNB/USDT-P+0.0224%1h805.20−0.159%$72K$48K12xas long as short
01 Exchange BNBUSD+0.0288%1h806.74+0.032%$29K$1K10xas long as short
Reya BNBRUSDPERP+0.0336%1h805.46−0.128%$6K$3K40xas long as short
dYdX BNB-USD+0.0389%1h805.88−0.075%$171K$55K10xas long as short
Backpack BNB_USDC_PERP+0.0618%1h807.05+0.070%$3.0M$5.3M40xas long as short