Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0055%/8h= +6.0% APRpaid last 24h 0.000%

Price spread now: Extended against Aster−0.120%7-day average −0.139% · you buy dearer than you sell

Net, funding: paid 7d − costs−$13as in the Funding arb table

Net, price: spread back to 7d avg − costs−$17as in the Price arb table

costs, in and out, $10k−$190.192% of the position

Long on Aster Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.059%+$6 on $10k

Price spread, last 7 days+0.050%+$5 · spread now −0.120%, 7d avg −0.139%

Together, before fees+0.109%+ Points / potential airdropAster: Stage 5 · Extended: Active · farm board+$11 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.139%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster BNBUSDT	798.73	0.0049	pay 0.0049% / 8h	7h 08m	$6.1M	$19.4M	200x
Short	Extended BNB-USD	797.77	0.0104	get 0.0013% / 1h	8m 52s	$1.8M	$6.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against Aster. 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 AsterbpFee ExtendedbpOrdersPrice spread, now −0.120%Rate

Funding earned: $11.49
Price spread: −0.120% → −0.139%: $1.92
Slippage, 4 orders: −$6.15
Fee Aster: 4 bp × 2 orders: −$8
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$5.74
Costs to cover: 0.192%
Break-even: 10.5 days

Slippage from Aster: live order book, 5 min ago; Extended: live order book, 5 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 Aster live order book, 5 min ago	0.38 bp	4.4 bp −$4	5.1 bp −$51	17.6 bp −$1,762	doesn't fit
Sell Extended live order book, 5 min ago	0.06 bp	2.6 bp −$3	4.0 bp −$40	19.4 bp −$1,940	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 −0.0159% / S +0.0335%	1h	798.34	−0.049%	$47K	—	200x	as long as short
Kraken Futures PF_BNBUSD	−0.0121%	1h	797.95	−0.097%	$2.5M	$1.0M	50x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	799.16	+0.054%	$4K	$239	25x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	799.74	+0.127%	$3.0M	$27.9M	10x	as long as short
StandX BNB-USD	0.0000%	1h	799.03	+0.038%	$863K	$2.9M	30x	as long as short
Phemex BNBUSDT	0.0000%	8h	798.88	+0.019%	$69.8M	$50.1M	50x	as long as short
Gate BNB_USDT	+0.0005%	8h	797.80	−0.116%	$35.9M	$57.0M	75x	as long as short
Variational Omni BNB	+0.0008%	8h	797.92	−0.101%	$4.1M	$5.1M	—	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	798.33	−0.049%	$9.7M	—	150x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+0.797%	$19K	$789K	30x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX BNB-USDC	+0.0035%	8h	798.32	−0.051%	—	$13.4M	—	as long as short
Coinbase International BNB-PERP-INTX	+0.0048%	1h	799.07	+0.043%	$615K	$1.1M	50x	as long as short
Aster BNBUSDTlong	+0.0049%	8h	798.73	long leg	$6.1M	$19.4M	200x
Bybit BNBUSDT	+0.0072%	8h	798.00	−0.091%	$138.6M	$76.0M	75x	as long as short
MEXC BNB_USDT	+0.0072%	8h	799.10	+0.047%	$83.1M	$13.7M	200x	as long as short
Binance BNBUSDT	+0.0072%	8h	798.65	−0.010%	$496.1M	$808.6M	75x	as long as short
Lighter BNB	+0.0096%	1h	798.29	−0.055%	$2.8M	$4.0M	20x	as long as short
Phoenix BNB	+0.0099%	1h	799.02	+0.037%	$172K	$36K	10x	as long as short
Nado BNB-PERP	+0.0100%	1h	798.40	−0.041%	$1.5M	$2.7M	20x	as long as short
Pacifica BNB	+0.0100%	1h	798.93	+0.025%	$1.2M	$930K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	798.00	−0.091%	$54.1M	$110.6M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	799.10	+0.047%	$53K	$127K	10x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	797.99	−0.092%	$27.9M	$10.0M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	797.70	−0.129%	$78.1M	$28.0M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	798.74	+0.002%	$4.1M	$75.9M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	798.57	−0.020%	$161K	$436K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	798.58	−0.018%	$113K	$884K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	798.33	−0.050%	$386K	$459K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	798.44	−0.036%	$32K	$5K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	799.09	+0.045%	$13K	$1.6M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	798.40	−0.041%	$393K	$996K	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	798.40	−0.041%	$8.2M	$8.3M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	799.45	+0.090%	$78K	$18K	50x	as long as short
Extended BNB-USDshort	+0.0104%	1h	797.77	−0.120%	$1.8M	$6.0M	50x
Aevo BNB-PERP	+0.0104%	1h	798.33	−0.050%	$383K	$110K	10x	as long as short
Bulk BNB-USD	+0.0138%	1h	797.80	−0.116%	$648K	$10K	10x	as long as short
RISEx BNB/USDC	+0.0155%	1h	798.93	+0.025%	$1.1M	$1.4M	20x	as long as short
Kalshi KXBNBPERP	+0.0161%	8h	799.10	+0.047%	$90K	$2.8M	4.8x	as long as short
dYdX BNB-USD	+0.0191%	1h	798.50	−0.028%	$161K	$63K	10x	as long as short
BloFin BNB-USDT	+0.0192%	8h	799.07	+0.043%	$18.1M	$2.5M	75x	as long as short
01 Exchange BNBUSD	+0.0200%	1h	798.99	+0.033%	$28K	$1K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0200%	1h	798.78	+0.006%	$1.6M	$161K	25x	as long as short
Hyperliquid BNB	+0.0286%	1h	798.97	+0.030%	$53.1M	$20.1M	10x	as long as short
Hibachi BNB/USDT-P	+0.0328%	1h	798.97	+0.030%	$68K	$38K	12x	as long as short
Reya BNBRUSDPERP	+0.0330%	1h	798.21	−0.065%	$6K	$3K	40x	as long as short
Backpack BNB_USDC_PERP	+0.0431%	1h	799.02	+0.037%	$2.7M	$5.7M	40x	as long as short