Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0110%/8h= +12.0% APRpaid last 24h +0.006%

Price spread now: Kraken Futures against Aster−0.075%7-day average −0.090% · you buy dearer than you sell

Net, funding: paid 7d − costs−$29as in the Funding arb table

Net, price: spread back to 7d avg − costs−$28as in the Price arb table

costs, in and out, $10k−$300.295% of the position

Long on Aster Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.002%$0 on $10k

Price spread, last 3 days (all we have)−0.076%−$8 · spread now −0.075%, 7d avg −0.090%

Together, before fees−0.074%+ Points / potential airdropAster: Stage 5 · farm board−$7 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.090%, so right now this pair is about funding alone: +$3 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	800.65	0.0097	pay 0.0097% / 8h	1h 15m	$6.3M	$19.0M	200x
Short	Kraken Futures PF_BNBUSD	800.05	0.0207	get 0.0026% / 1h	15m 02s	$2.6M	$974K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now −0.075%Rate

Funding earned: $23
Price spread: −0.075% → −0.090%: $1.42
Slippage, 4 orders: −$11.55
Fee Aster: 4 bp × 2 orders: −$8
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$5.13
Costs to cover: 0.295%
Break-even: 8.6 days

Slippage from Aster: live order book, 4 min ago; Kraken Futures: live order book, 4 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, 4 min ago	0.37 bp	4.6 bp −$5	5.2 bp −$52	17.0 bp −$1,702	doesn't fit
Sell Kraken Futures live order book, 4 min ago	4.06 bp	9.6 bp −$10	11.4 bp −$114	27.7 bp −$2,771	98.1 bp −$49.0K

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	799.98	−0.083%	$48K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	800.48	−0.021%	$4K	$1K	25x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	800.94	+0.036%	$3.0M	$29.4M	10x	as long as short
Kalshi KXBNBPERP	0.0000%	8h	800.70	+0.006%	$147K	$2.8M	4.8x	as long as short
StandX BNB-USD	0.0000%	1h	801.49	+0.105%	$866K	$2.9M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	799.98	−0.084%	$9.7M	—	150x	as long as short
Variational Omni BNB	+0.0035%	8h	799.95	−0.087%	$4.1M	$5.3M	—	as long as short
BingX BNB-USDC	+0.0059%	8h	800.15	−0.062%	—	$13.3M	—	as long as short
Bybit BNBUSDT	+0.0070%	8h	799.73	−0.115%	$139.2M	$80.0M	75x	as long as short
Lighter BNB	+0.0096%	1h	800.39	−0.032%	$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	801.17	+0.065%	$610K	$995K	50x	as long as short
Aster BNBUSDTlong	+0.0097%	8h	800.65	long leg	$6.3M	$19.0M	200x
Nado BNB-PERP	+0.0100%	1h	800.00	−0.081%	$1.4M	$2.8M	20x	as long as short
Pacifica BNB	+0.0100%	1h	800.36	−0.036%	$1.2M	$926K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	799.90	−0.094%	$54.6M	$115.5M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	800.40	−0.031%	$53K	$151K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	799.85	−0.100%	$35.7M	$58.6M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	799.97	−0.085%	$28.0M	$10.5M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	799.83	−0.102%	$80.9M	$26.6M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	801.22	+0.071%	$4.2M	$77.6M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	800.94	+0.036%	$161K	$443K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	799.93	−0.090%	$121K	$877K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	799.93	−0.090%	$387K	$527K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	800.11	−0.067%	$32K	$5K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	800.97	+0.040%	$13K	$1.7M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	800.30	−0.044%	$393K	$1.0M	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	800.00	−0.081%	$8.2M	$7.9M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	800.64	−0.001%	$78K	$19K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	799.50	−0.144%	$1.8M	$6.1M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	800.13	−0.065%	$384K	$40K	10x	as long as short
MEXC BNB_USDT	+0.0117%	8h	801.10	+0.056%	$83.3M	$13.8M	200x	as long as short
Binance BNBUSDT	+0.0117%	8h	800.78	+0.017%	$503.0M	$818.2M	75x	as long as short
Phemex BNBUSDT	+0.0120%	8h	800.61	−0.005%	$70.0M	$51.8M	50x	as long as short
Phoenix BNB	+0.0155%	1h	801.63	+0.122%	$172K	$35K	10x	as long as short
Hibachi BNB/USDT-P	+0.0192%	1h	800.78	+0.016%	$71K	$48K	12x	as long as short
Kraken Futures PF_BNBUSDshort	+0.0207%	1h	800.05	−0.075%	$2.6M	$974K	50x
BloFin BNB-USDT	+0.0237%	8h	800.50	−0.019%	$18.3M	$2.5M	75x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	800.41	−0.031%	$1.6M	$165K	25x	as long as short
dYdX BNB-USD	+0.0306%	1h	800.60	−0.006%	$161K	$62K	10x	as long as short
Injective BNB/USDC PERP	+0.0311%	1h	805.09	+0.555%	$19K	$789K	30x	as long as short
Bulk BNB-USD	+0.0314%	1h	802.70	+0.256%	$652K	$21K	10x	as long as short
Hyperliquid BNB	+0.0315%	1h	801.07	+0.052%	$51.8M	$21.9M	10x	as long as short
RISEx BNB/USDC	+0.0318%	1h	800.26	−0.048%	$1.1M	$1.4M	20x	as long as short
01 Exchange BNBUSD	+0.0320%	1h	800.64	−0.001%	$28K	$1K	10x	as long as short
Reya BNBRUSDPERP	+0.0333%	1h	799.64	−0.126%	$6K	$3K	40x	as long as short
Backpack BNB_USDC_PERP	+0.0590%	1h	801.05	+0.050%	$2.7M	$5.7M	40x	as long as short