Settings8H · net · $10k
Funding arb · Price arb /

BNB

all BNB markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC−0.0080%/8h= −8.8% APRpaid last 24h −0.092%
Price spread now: Aster against dYdX+0.058%7-day average +0.082% · you sell dearer than you buy
Net, funding: paid 7d − costs−$94as in the Funding arb table
Net, price: spread back to 7d avg − costs−$47as in the Price arb table
costs, in and out, $10k−$440.443% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.495%−$50 on $10k
Price spread, last 4 days (all we have)+0.056%+$6 · spread now +0.058%, 7d avg +0.082%
Together, before fees−0.440%+ Points / potential airdropAster: Stage 5 · farm board−$44 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Aster is 0.024% cheaper against dYdX than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of +0.082%). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongdYdX BNB-USD789.270.0116pay 0.0015% / 1h50m 46s$160K$64K10x
ShortAster BNBUSDT789.720.0036get 0.0036% / 8h3h 50m$6.1M$18.8M200x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aster against dYdX. 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

Funding earned
−$16.87
Price spread: +0.058% → +0.082%
−$2.43
Slippage, 4 orders
−$26.25
Fee dYdX: 5 bp × 2 orders
−$10
Fee Aster: 4 bp × 2 orders
−$8
Net
−$63.55
Costs to cover
0.443%
Break-even
never at this rate
Slippage from dYdX: live order book, 3 min ago; Aster: live order book, 3 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy dYdX live order book, 3 min ago9.99 bp17.2 bp −$1735.2 bp −$35284.3 bp −$8,432139.0 bp −$69.5K
Sell Aster live order book, 3 min ago0.70 bp5.2 bp −$56.4 bp −$6419.7 bp −$1,971doesn't fit

BNB on 46 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GMX BNB/USD [WBTC.b-USDC]L −0.0191% / S +0.0355%1h789.42+0.019%$46K200xas long as short
Kraken Futures PF_BNBUSD−0.0124%1h788.98−0.036%$2.5M$1.2M50xas long as short
Hotstuff BNB-PERP−0.0080%1h789.66+0.050%$4K$4225xas long as short
Kalshi KXBNBPERP0.0000%8h789.80+0.068%$135K$2.7M4.8xas long as short
StandX BNB-USD0.0000%1h790.39+0.142%$852K$3.2M30xas long as short
gTrade (Gains Network) BNB/USDL +0.0007% / S −0.0007%1h789.43+0.021%$9.5M150xas long as short
Injective BNB/USDC PERP+0.0033%1h805.09+2.005%$19K$789K30xas long as short
Aster BNBUSDTshort+0.0036%8h789.72+0.058%$6.1M$18.8M200x
BingX BNB-USDC+0.0046%8h789.62+0.045%$13.4Mas long as short
Binance BNBUSDT+0.0056%8h789.52+0.032%$493.1M$795.2M75xas long as short
Show all 46 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC BNB_USDT+0.0056%8h789.90+0.080%$80.1M$12.0M200xas long as short
Phemex BNBUSDT+0.0062%8h789.84+0.073%$69.1M$50.3M50xas long as short
Coinbase International BNB-PERP-INTX+0.0072%1h790.26+0.126%$580K$1.9M50xas long as short
Phoenix BNB+0.0092%1h790.40+0.144%$170K$35K10xas long as short
Lighter BNB+0.0096%1h789.22−0.006%$2.8M$3.8M20xas long as short
Orderly PERP_BNB_USDC+0.0100%8h789.42+0.020%$266K$492K50xas long as short
Nado BNB-PERP+0.0100%1h789.15−0.015%$1.5M$2.6M20xas long as short
Hyperliquid BNB+0.0100%1h789.67+0.051%$51.8M$17.5M10xas long as short
Pacifica BNB+0.0100%1h789.22−0.006%$1.2M$931K20xas long as short
Bybit BNBUSDT+0.0100%8h788.90−0.046%$138.8M$74.1M75xas long as short
OKX BNB-USDT-SWAP+0.0100%8h788.80−0.059%$53.4M$111.9M50xas long as short
Arcus BNB-USD+0.0100%1h789.10−0.021%$52K$133K10xas long as short
Gate BNB_USDT+0.0100%8h789.00−0.034%$35.8M$56.7M75xas long as short
KuCoin BNBUSDTM+0.0100%8h788.96−0.039%$28.1M$10.2M75xas long as short
Bitget BNBUSDT+0.0100%8h788.66−0.077%$76.3M$30.4M75xas long as short
Backpack BNB_USDC_PERP+0.0100%1h789.55+0.036%$2.2M$6.1M40xas long as short
Variational Omni BNB+0.0100%8h789.31+0.006%$4.1M$4.8Mas long as short
edgeX BNBUSDC+0.0100%4h790.26+0.126%$4.1M$73.5M30xas long as short
ApeX Omni BNBUSDT+0.0100%1h790.15+0.112%$159K$440K50xas long as short
Polymarket Perps BNB-USD+0.0100%1h789.19−0.010%$130K$956K10xas long as short
Derive BNB-PERP+0.0100%1h789.48+0.028%$31K$12K10xas long as short
SunX BNB-USDT+0.0100%8h790.04+0.099%$12K$1.5M50xas long as short
SoDEX BNB-USD+0.0100%1h789.50+0.030%$388K$1.0M10xas long as short
HTX BNB-USDT+0.0100%8h789.05−0.027%$8.1M$9.6M75xas long as short
Paradex BNB-USD-PERP+0.0100%8h789.27+0.001%$77K$17K50xas long as short
Extended BNB-USD+0.0104%1h788.63−0.080%$1.9M$6.2M50xas long as short
Aevo BNB-PERP+0.0104%1h789.39+0.016%$379K$110K10xas long as short
dYdX BNB-USDlong+0.0116%1h789.27long leg$160K$64K10x
GRVT BNB_USDT_Perp+0.0169%8h790.73+0.185%$3.0M$28.6M10xas long as short
BloFin BNB-USDT+0.0177%8h789.73+0.059%$18.1M$2.2M75xas long as short
Bulk BNB-USD+0.0234%1h790.66+0.177%$640K$9K10xas long as short
01 Exchange BNBUSD+0.0264%1h789.87+0.077%$28K$4K10xas long as short
Deribit BNB_USDC-PERPETUAL+0.0300%1h789.81+0.069%$1.5M$143K25xas long as short
Reya BNBRUSDPERP+0.0325%1h789.25−0.002%$6K$3K40xas long as short
Hibachi BNB/USDT-P+0.0376%1h790.16+0.113%$67K$39K12xas long as short
RISEx BNB/USDC+0.0431%1h789.37+0.013%$1.1M$892K20xas long as short