Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0209%/8h= +22.9% APRpaid last 24h −0.022%

Price spread now: Injective against Aster+0.377%47s7-day average −0.434% · you sell dearer than you buy

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

Long on Aster Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days−0.203%−$20 on $10k

Price spread, last 3 days (all we have)−0.984%−$98 · spread now +0.377%, 7d avg −0.434%

Together, before fees−1.187%+ Points / potential airdropAster: Stage 5 · farm board−$119 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Injective is 0.810% dearer against Aster than usual: you sell high and buy low: +$81 more if the spread goes back to its 7-day average of −0.434%. Mind the row above: over the last 7 days funding on this pair cost −0.203%, so the current rate has only just turned in your favour. The two prices were read 47 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	802.07	0.0101	pay 0.0101% / 8h	1h 32m	$6.4M	$19.3M	200x
Short	Injective BNB/USDC PERP	805.09	0.0311	get 0.0039% / 1h	32m 28s	$19K	$789K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now +0.377%Rate

Funding earned: $43.98
Price spread: +0.377% → −0.434%: $81.01
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $116.96
Costs to cover: 0.080%
Break-even: from the start

Slippage unknown: Aster: live order book, 1 min ago; Injective: 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, 1 min ago	0.44 bp	4.6 bp −$5	5.1 bp −$51	20.7 bp −$2,072	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: 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 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 −0.0201% / S +0.0372%	1h	802.19	+0.015%	$48K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	802.04	−0.004%	$4K	$1K	25x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	805.39	+0.414%	$3.0M	$29.1M	10x	as long as short
Kalshi KXBNBPERP	0.0000%	8h	802.90	+0.103%	$158K	$2.8M	4.8x	as long as short
StandX BNB-USD	0.0000%	1h	802.96	+0.111%	$868K	$2.8M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	802.24	+0.021%	$9.7M	—	150x	as long as short
Variational Omni BNB	+0.0041%	8h	805.56	+0.435%	$4.1M	$5.3M	—	as long as short
BingX BNB-USDT	+0.0067%	8h	801.79	−0.035%	—	$35.0M	—	as long as short
Bybit BNBUSDT	+0.0081%	8h	800.90	−0.146%	$139.6M	$83.0M	75x	as long as short
Lighter BNB	+0.0096%	1h	801.99	−0.010%	$2.8M	$4.2M	20x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International BNB-PERP-INTX	+0.0096%	1h	799.92	−0.268%	$603K	$963K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	801.67	−0.050%	$1.4M	$2.8M	20x	as long as short
Pacifica BNB	+0.0100%	1h	801.96	−0.014%	$1.2M	$923K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	801.10	−0.121%	$55.0M	$117.2M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	802.00	−0.009%	$53K	$170K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	801.55	−0.065%	$35.8M	$58.0M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	801.50	−0.071%	$28.0M	$10.5M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	801.22	−0.106%	$81.0M	$26.8M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	805.46	+0.422%	$4.2M	$77.0M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	805.51	+0.429%	$162K	$440K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	801.36	−0.089%	$121K	$880K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	802.11	+0.005%	$388K	$592K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	802.36	+0.037%	$32K	$5K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	802.66	+0.074%	$11K	$1.7M	50x	as long as short
HTX BNB-USDT	+0.0100%	8h	802.44	+0.046%	$8.2M	$7.9M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	802.37	+0.037%	$78K	$19K	50x	as long as short
Aster BNBUSDTlong	+0.0101%	8h	802.07	long leg	$6.4M	$19.3M	200x
Extended BNB-USD	+0.0104%	1h	801.44	−0.079%	$1.8M	$6.1M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	803.03	+0.119%	$386K	$40K	10x	as long as short
MEXC BNB_USDT	+0.0120%	8h	802.80	+0.091%	$83.4M	$13.8M	200x	as long as short
Binance BNBUSDT	+0.0120%	8h	802.06	−0.001%	$517.3M	$828.3M	75x	as long as short
Phemex BNBUSDT	+0.0129%	8h	802.58	+0.064%	$70.1M	$51.7M	50x	as long as short
Hibachi BNB/USDT-P	+0.0144%	1h	802.60	+0.066%	$71K	$48K	12x	as long as short
Phoenix BNB	+0.0155%	1h	804.78	+0.338%	$173K	$35K	10x	as long as short
SoDEX BNB-USD	+0.0157%	1h	802.20	+0.016%	$395K	$1.0M	10x	as long as short
dYdX BNB-USD	+0.0179%	1h	802.20	+0.016%	$162K	$64K	10x	as long as short
Kraken Futures PF_BNBUSD	+0.0206%	1h	802.06	−0.002%	$2.6M	$983K	50x	as long as short
BloFin BNB-USDT	+0.0240%	8h	802.70	+0.079%	$18.8M	$2.6M	75x	as long as short
Hyperliquid BNB	+0.0250%	1h	802.73	+0.083%	$51.9M	$22.2M	10x	as long as short
Bulk BNB-USD	+0.0295%	1h	807.66	+0.697%	$652K	$14K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	802.66	+0.073%	$1.6M	$165K	25x	as long as short
Injective BNB/USDC PERPshort	+0.0311%	1h	805.09	+0.377%	$19K	$789K	30x
RISEx BNB/USDC	+0.0318%	1h	801.75	−0.040%	$1.1M	$1.4M	20x	as long as short
Reya BNBRUSDPERP	+0.0333%	1h	801.00	−0.133%	$6K	$3K	40x	as long as short
01 Exchange BNBUSD	+0.0344%	1h	802.24	+0.021%	$28K	$1K	10x	as long as short
Backpack BNB_USDC_PERP	+0.0677%	1h	803.05	+0.122%	$3.0M	$5.5M	40x	as long as short