Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%

Price spread now: Aevo against edgeX−0.068%48s7-day average −0.055% · you buy dearer than you sell

Net, funding: paid 7d − costs−$87as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$880.882% of the position

Long on edgeX Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 7 days+0.008%+$1 on $10k

Price spread, last 3 days (all we have)−0.094%−$9 · spread now −0.068%, 7d avg −0.055%

Together, before fees−0.085%+ Points / potential airdropedgeX: Active · farm board−$9 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX BNBUSDC	805.38	0.0100	pay 0.0050% / 4h	2h 07m	$4.2M	$76.4M	30x
Short	Aevo BNB-PERP	804.83	0.0104	get 0.0013% / 1h	7m 35s	$387K	$40K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against edgeX. 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 edgeXbpFee AevobpOrdersPrice spread, now −0.068%Rate

Funding earned: $0.84
Price spread: −0.068% → −0.055%: −$1.28
Slippage, 4 orders: −$63.25
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$88.69
Costs to cover: 0.882%
Break-even: 746.1 days

Slippage from edgeX: live order book, 2 min ago; Aevo: live order book, 16 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 edgeX live order book, 2 min ago	1.86 bp	6.4 bp −$6	6.4 bp −$64	10.9 bp −$1,089	doesn't fit
Sell Aevo live order book, 16 min ago	12.10 bp	31.6 bp −$32	35.8 bp −$358	62.9 bp −$6,292	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 −0.0195% / S +0.0371%	1h	804.69	−0.085%	$49K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	805.11	−0.033%	$4K	$1K	25x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	805.17	−0.025%	$3.0M	$29.5M	10x	as long as short
Kalshi KXBNBPERP	0.0000%	8h	805.30	−0.009%	$114K	$2.5M	4.8x	as long as short
StandX BNB-USD	0.0000%	1h	804.76	−0.077%	$870K	$2.8M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	804.74	−0.079%	$9.8M	—	150x	as long as short
Kraken Futures PF_BNBUSD	+0.0038%	1h	804.87	−0.063%	$2.5M	$919K	50x	as long as short
Variational Omni BNB	+0.0049%	8h	804.63	−0.093%	$4.1M	$5.4M	—	as long as short
BingX BNB-USDC	+0.0055%	8h	804.84	−0.067%	—	$13.3M	—	as long as short
Bybit BNBUSDT	+0.0080%	8h	804.12	−0.156%	$139.5M	$81.7M	75x	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	+0.0088%	1h	805.15	−0.028%	$608K	$881K	50x	as long as short
Lighter BNB	+0.0096%	1h	804.83	−0.068%	$2.8M	$4.2M	20x	as long as short
Aster BNBUSDT	+0.0098%	8h	805.27	−0.013%	$6.4M	$18.8M	200x	as long as short
Nado BNB-PERP	+0.0100%	1h	804.23	−0.143%	$1.5M	$2.8M	20x	as long as short
Pacifica BNB	+0.0100%	1h	804.82	−0.069%	$1.2M	$924K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	804.30	−0.134%	$55.2M	$116.0M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	805.00	−0.047%	$53K	$170K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	804.45	−0.115%	$36.1M	$59.2M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	804.57	−0.100%	$28.2M	$10.5M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	804.06	−0.163%	$78.9M	$24.8M	75x	as long as short
edgeX BNBUSDClong	+0.0100%	4h	805.38	long leg	$4.2M	$76.4M	30x
ApeX Omni BNBUSDT	+0.0100%	1h	804.81	−0.070%	$159K	$436K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	804.38	−0.124%	$116K	$873K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	804.72	−0.082%	$389K	$592K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	804.96	−0.052%	$32K	$5K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	805.41	+0.005%	$13K	$1.7M	50x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0100%	1h	805.25	−0.015%	$1.6M	$165K	25x	as long as short
HTX BNB-USDT	+0.0100%	8h	804.90	−0.059%	$8.2M	$7.5M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	805.30	−0.009%	$79K	$19K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	804.12	−0.156%	$1.9M	$5.9M	50x	as long as short
Aevo BNB-PERPshort	+0.0104%	1h	804.83	−0.068%	$387K	$40K	10x
MEXC BNB_USDT	+0.0115%	8h	805.40	+0.003%	$84.5M	$13.7M	200x	as long as short
Binance BNBUSDT	+0.0115%	8h	805.17	−0.026%	$520.2M	$805.8M	75x	as long as short
Phoenix BNB	+0.0125%	1h	805.62	+0.030%	$173K	$35K	10x	as long as short
Phemex BNBUSDT	+0.0137%	8h	805.38	0.000%	$70.3M	$51.8M	50x	as long as short
SoDEX BNB-USD	+0.0194%	1h	804.80	−0.072%	$396K	$1.0M	10x	as long as short
Hyperliquid BNB	+0.0204%	1h	805.06	−0.039%	$51.8M	$22.0M	10x	as long as short
RISEx BNB/USDC	+0.0209%	1h	804.86	−0.065%	$1.1M	$1.4M	20x	as long as short
BloFin BNB-USDT	+0.0235%	8h	805.33	−0.006%	$18.9M	$3.1M	75x	as long as short
dYdX BNB-USD	+0.0237%	1h	804.86	−0.064%	$170K	$55K	10x	as long as short
Hibachi BNB/USDT-P	+0.0256%	1h	804.99	−0.048%	$71K	$48K	12x	as long as short
Bulk BNB-USD	+0.0258%	1h	805.37	−0.001%	$651K	$14K	10x	as long as short
Reya BNBRUSDPERP	+0.0334%	1h	804.08	−0.161%	$6K	$3K	40x	as long as short
01 Exchange BNBUSD	+0.0344%	1h	805.39	+0.002%	$28K	$1K	10x	as long as short
Injective BNB/USDC PERP	+0.0353%	1h	804.89	−0.060%	$19K	$627K	30x	as long as short
Backpack BNB_USDC_PERP	+0.0649%	1h	805.76	+0.048%	$3.0M	$5.5M	40x	as long as short