Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%

Price spread now: SunX against Aevo+0.104%7-day average +0.067% · you sell dearer than you buy

Net, funding: paid 7d − costs−$110as in the Funding arb table

Net, price: spread back to 7d avg − costs−$105as in the Price arb table

costs, in and out, $10k−$1091.087% of the position

Long on Aevo Short on SunX

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)−0.093%−$9 · spread now +0.104%, 7d avg +0.067%

Together, before fees−0.102%−$10 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: SunX is 0.037% dearer against Aevo than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.067%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo BNB-PERP	783.73	0.0104	pay 0.0013% / 1h	27m 09s	$376K	$110K	10x
Short	SunX BNB-USDT	784.54	0.0100	get 0.0100% / 8h	2h 27m	$12K	$1.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.104%Rate

Funding earned: −$0.84
Price spread: +0.104% → +0.067%: $3.71
Slippage, 4 orders: −$84.68
Fee Aevo: 8 bp × 2 orders: −$16
Fee SunX: 4 bp × 2 orders: −$8
Net: −$105.81
Costs to cover: 1.087%
Break-even: never at this rate

Slippage from Aevo: live order book, 22 min ago; SunX: live order book, 8 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, 22 min ago	8.25 bp	29.8 bp −$30	34.7 bp −$347	56.6 bp −$5,663	doesn't fit
Sell SunX live order book, 8 min ago	17.12 bp	23.0 bp −$23	38.9 bp −$389	doesn't fit	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 −0.0192% / S +0.0356%	1h	783.15	−0.073%	$46K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	784.20	+0.060%	$4K	$42	25x	as long as short
StandX BNB-USD	0.0000%	1h	784.86	+0.145%	$846K	$3.0M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	783.37	−0.046%	$9.4M	—	150x	as long as short
Aster BNBUSDT	+0.0031%	8h	784.16	+0.055%	$6.0M	$18.9M	200x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.726%	$19K	$789K	30x	as long as short
BingX BNB-USDT	+0.0042%	8h	783.51	−0.028%	—	$22.1M	—	as long as short
Phemex BNBUSDT	+0.0054%	8h	784.04	+0.040%	$68.6M	$50.5M	50x	as long as short
MEXC BNB_USDT	+0.0054%	8h	784.50	+0.099%	$79.5M	$11.9M	200x	as long as short
Binance BNBUSDT	+0.0054%	8h	784.18	+0.058%	$488.5M	$810.1M	75x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_BNBUSD	+0.0069%	1h	783.56	−0.021%	$2.5M	$1.2M	50x	as long as short
Coinbase International BNB-PERP-INTX	+0.0080%	1h	783.79	+0.008%	$567K	$1.9M	50x	as long as short
Lighter BNB	+0.0096%	1h	783.69	−0.004%	$2.7M	$3.8M	20x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	783.43	−0.038%	$264K	$489K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	783.75	+0.003%	$1.4M	$2.7M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	784.38	+0.083%	$51.3M	$17.6M	10x	as long as short
Pacifica BNB	+0.0100%	1h	784.19	+0.059%	$1.2M	$933K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	783.50	−0.029%	$137.7M	$74.5M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	783.40	−0.042%	$53.3M	$112.1M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	784.10	+0.048%	$52K	$129K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	783.40	−0.042%	$36.3M	$58.8M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	783.32	−0.052%	$27.6M	$10.3M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	783.06	−0.085%	$75.8M	$30.8M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	784.46	+0.093%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	784.13	+0.051%	$4.0M	$4.8M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	785.32	+0.203%	$4.1M	$75.1M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	785.72	+0.254%	$158K	$439K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	783.67	−0.007%	$131K	$954K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	783.49	−0.030%	$31K	$12K	10x	as long as short
SunX BNB-USDTshort	+0.0100%	8h	784.54	+0.104%	$12K	$1.5M	50x
SoDEX BNB-USD	+0.0100%	1h	783.60	−0.016%	$385K	$994K	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	783.45	−0.036%	$8.0M	$10.0M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	784.22	+0.063%	$76K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	783.03	−0.089%	$1.8M	$6.2M	50x	as long as short
Aevo BNB-PERPlong	+0.0104%	1h	783.73	long leg	$376K	$110K	10x
Phoenix BNB	+0.0107%	1h	785.13	+0.179%	$169K	$35K	10x	as long as short
Kalshi KXBNBPERP	+0.0146%	8h	784.20	+0.060%	$154K	$2.7M	4.8x	as long as short
dYdX BNB-USD	+0.0162%	1h	784.37	+0.082%	$159K	$61K	10x	as long as short
BloFin BNB-USDT	+0.0174%	8h	784.07	+0.044%	$17.6M	$2.2M	75x	as long as short
GRVT BNB_USDT_Perp	+0.0208%	8h	785.52	+0.229%	$2.9M	$29.3M	10x	as long as short
01 Exchange BNBUSD	+0.0296%	1h	784.54	+0.104%	$28K	$4K	10x	as long as short
Bulk BNB-USD	+0.0298%	1h	785.69	+0.250%	$637K	$4K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	783.88	+0.019%	$1.5M	$143K	25x	as long as short
Reya BNBRUSDPERP	+0.0323%	1h	783.31	−0.053%	$6K	$3K	40x	as long as short
RISEx BNB/USDC	+0.0432%	1h	784.18	+0.058%	$1.1M	$909K	20x	as long as short
Hibachi BNB/USDT-P	+0.0504%	1h	784.29	+0.072%	$67K	$39K	12x	as long as short