Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0509%/8h= +55.7% APRpaid last 24h +0.072%

Price spread now: Hibachi against Aster+0.068%55s7-day average — · you sell dearer than you buy

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

Long on Aster Short on Hibachi

What this pair did over the last

the charts below follow

Funding, last 7 days+0.517%+$52 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · Hibachi: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$15 a day on $10k at the current rate, and Hibachi is 0.068% dearer against Aster than usual: you sell high and buy low: +$7 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 55 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster BNBUSDT	788.87	0.0035	pay 0.0035% / 8h	5h 54m	$6.2M	$18.7M	200x
Short	Hibachi BNB/USDT-P	789.41	0.0544	get 0.0068% / 1h	54m 37s	$67K	$39K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hibachi 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 HibachibpOrdersPrice spread, now +0.068%Rate

Funding earned: $106.87
Price spread: +0.068% → 0.000%: $6.84
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Hibachi: 4.5 bp × 2 orders: −$9
Net: $96.71
Costs to cover: 0.170%
Break-even: 0.7 days

Slippage unknown: Aster: live order book, 4 min ago; Hibachi: 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 Aster live order book, 4 min ago	0.25 bp	4.3 bp −$4	5.1 bp −$51	18.6 bp −$1,863	doesn't fit
Sell Hibachi no order-book sample	—	—	—	—	—

Hibachi: 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 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 −0.0167% / S +0.0335%	1h	788.05	−0.104%	$46K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	788.63	−0.030%	$4K	$239	25x	as long as short
StandX BNB-USD	0.0000%	1h	790.38	+0.191%	$854K	$3.2M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	788.03	−0.107%	$9.6M	—	150x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.056%	$19K	$789K	30x	as long as short
Aster BNBUSDTlong	+0.0035%	8h	788.87	long leg	$6.2M	$18.7M	200x
Coinbase International BNB-PERP-INTX	+0.0048%	1h	789.66	+0.100%	$619K	$1.8M	50x	as long as short
BingX BNB-USDC	+0.0053%	8h	788.51	−0.046%	—	$13.4M	—	as long as short
Phemex BNBUSDT	+0.0060%	8h	788.69	−0.023%	$69.0M	$50.8M	50x	as long as short
Variational Omni BNB	+0.0066%	8h	789.32	+0.057%	$4.1M	$4.8M	—	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC BNB_USDT	+0.0069%	8h	789.00	+0.016%	$80.4M	$12.4M	200x	as long as short
Binance BNBUSDT	+0.0070%	8h	788.97	+0.012%	$494.0M	$808.2M	75x	as long as short
Gate BNB_USDT	+0.0078%	8h	788.15	−0.091%	$35.4M	$56.3M	75x	as long as short
Phoenix BNB	+0.0088%	1h	789.07	+0.025%	$170K	$35K	10x	as long as short
Kraken Futures PF_BNBUSD	+0.0091%	1h	788.10	−0.098%	$2.5M	$1.2M	50x	as long as short
Lighter BNB	+0.0096%	1h	788.48	−0.050%	$2.8M	$3.9M	20x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	788.07	−0.101%	$381K	$380K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	788.15	−0.091%	$1.5M	$2.6M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	788.83	−0.005%	$51.7M	$18.4M	10x	as long as short
Pacifica BNB	+0.0100%	1h	788.46	−0.052%	$1.2M	$909K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	788.44	−0.055%	$138.7M	$78.1M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	788.50	−0.047%	$53.3M	$112.6M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	788.60	−0.034%	$52K	$130K	10x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	788.05	−0.104%	$27.8M	$10.3M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	788.49	−0.048%	$76.9M	$30.0M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	788.79	−0.010%	$2.2M	$6.1M	40x	as long as short
edgeX BNBUSDC	+0.0100%	4h	788.30	−0.072%	$4.1M	$76.4M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	788.22	−0.082%	$158K	$439K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	788.60	−0.034%	$137K	$945K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	788.19	−0.086%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	788.92	+0.006%	$12K	$1.6M	50x	as long as short
HTX BNB-USDT	+0.0100%	8h	788.58	−0.037%	$8.1M	$9.0M	75x	as long as short
Paradex BNB-USD-PERP	+0.0102%	8h	788.99	+0.015%	$77K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	787.96	−0.115%	$1.8M	$5.9M	50x	as long as short
GRVT BNB_USDT_Perp	+0.0104%	8h	788.27	−0.075%	$2.9M	$27.9M	10x	as long as short
Aevo BNB-PERP	+0.0104%	1h	788.26	−0.078%	$379K	$110K	10x	as long as short
SoDEX BNB-USD	+0.0115%	1h	788.30	−0.072%	$388K	$1.0M	10x	as long as short
Kalshi KXBNBPERP	+0.0175%	8h	788.70	−0.022%	$91K	$2.8M	4.8x	as long as short
dYdX BNB-USD	+0.0222%	1h	788.30	−0.073%	$159K	$64K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	788.54	−0.041%	$1.5M	$160K	25x	as long as short
01 Exchange BNBUSD	+0.0320%	1h	789.00	+0.016%	$28K	$4K	10x	as long as short
Reya BNBRUSDPERP	+0.0328%	1h	788.60	−0.035%	$6K	$3K	40x	as long as short
Bulk BNB-USD	+0.0340%	1h	789.39	+0.066%	$639K	$13K	10x	as long as short
RISEx BNB/USDC	+0.0361%	1h	788.71	−0.021%	$1.1M	$1.1M	20x	as long as short
Hibachi BNB/USDT-Pshort	+0.0544%	1h	789.41	+0.068%	$67K	$39K	12x