Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0082%/8h= +9.0% APRpaid last 24h +0.038%

Price spread now: Aster against gTrade (Gains Network)+0.020%7-day average +0.086% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$286as in the Price arb table

costs, in and out, $10k−$2802.797% of the position

Long on gTrade (Gains Network)Short on Aster

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.069%+$7 on $10k

Price spread, last 3 days (all we have)+0.071%+$7 · spread now +0.020%, 7d avg +0.086%

Together, before fees+0.140%+ Points / potential airdropAster: Stage 5 · farm board+$14 on $10k · with fees, hour by hour

Funding pays, the price is against you. Aster is 0.067% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread +0.020% now, against its 7-day average of +0.086%). If the spread goes back, that is −$7 on $10k: about 2.7 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) BNB/USD	798.36	L +0.0008% / S −0.0007%	pay 0.0001% / 1h	25m 49s	$9.7M	—	150x
Short	Aster BNBUSDT	798.52	0.0090	get 0.0090% / 8h	25m 49s	$6.3M	$18.9M	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee AsterbpOrdersPrice spread, now +0.020%Rate

Funding earned: $17.32
Price spread: +0.020% → +0.086%: −$6.67
Slippage, 4 orders: −$261.69
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$269.05
Costs to cover: 2.797%
Break-even: 115.8 days

Slippage from gTrade (Gains Network): virtual book (oracle venue), 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy gTrade (Gains Network) virtual book (oracle venue), 3 min ago	130.01 bp	135.0 bp −$135	135.0 bp −$1,350	416.8 bp −$41.7K	2253.7 bp −$1.13M
Sell Aster live order book, 3 min ago	0.81 bp	4.9 bp −$5	6.3 bp −$63	20.0 bp −$2,000	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 −0.0201% / S +0.0372%	1h	798.27	−0.012%	$47K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	798.81	+0.056%	$4K	$1K	25x	as long as short
Kraken Futures PF_BNBUSD	−0.0074%	1h	797.76	−0.075%	$2.5M	$972K	50x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	800.28	+0.240%	$3.0M	$28.0M	10x	as long as short
StandX BNB-USD	0.0000%	1h	799.62	+0.157%	$864K	$2.9M	30x	as long as short
gTrade (Gains Network) BNB/USDlong	L +0.0008% / S −0.0007%	1h	798.36	long leg	$9.7M	—	150x
Variational Omni BNB	+0.0013%	8h	798.06	−0.038%	$4.1M	$5.4M	—	as long as short
BingX BNB-USDC	+0.0038%	8h	798.18	−0.023%	—	$13.3M	—	as long as short
Bybit BNBUSDT	+0.0044%	8h	797.70	−0.083%	$138.4M	$77.0M	75x	as long as short
Coinbase International BNB-PERP-INTX	+0.0072%	1h	799.89	+0.191%	$606K	$986K	50x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster BNBUSDTshort	+0.0090%	8h	798.52	+0.020%	$6.3M	$18.9M	200x
Lighter BNB	+0.0096%	1h	798.35	−0.002%	$2.8M	$4.1M	20x	as long as short
Nado BNB-PERP	+0.0100%	1h	798.04	−0.041%	$1.4M	$2.7M	20x	as long as short
Pacifica BNB	+0.0100%	1h	798.28	−0.011%	$1.2M	$926K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	797.70	−0.083%	$54.3M	$112.7M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	798.80	+0.055%	$53K	$133K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	797.95	−0.052%	$35.7M	$58.1M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	797.96	−0.051%	$27.9M	$10.3M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	797.73	−0.079%	$79.0M	$27.5M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	799.89	+0.191%	$4.2M	$76.1M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	800.17	+0.226%	$161K	$441K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	798.27	−0.012%	$116K	$875K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	797.91	−0.057%	$386K	$497K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	798.01	−0.044%	$32K	$5K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	798.92	+0.069%	$13K	$1.7M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	798.10	−0.033%	$392K	$1.0M	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0100%	1h	798.32	−0.006%	$1.6M	$165K	25x	as long as short
HTX BNB-USDT	+0.0100%	8h	798.52	+0.019%	$8.2M	$8.0M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	799.00	+0.080%	$78K	$19K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	797.62	−0.093%	$1.8M	$6.5M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	798.14	−0.027%	$383K	$40K	10x	as long as short
Binance BNBUSDT	+0.0112%	8h	798.59	+0.028%	$498.7M	$817.2M	75x	as long as short
Phemex BNBUSDT	+0.0112%	8h	798.48	+0.015%	$69.8M	$50.5M	50x	as long as short
MEXC BNB_USDT	+0.0113%	8h	799.10	+0.092%	$82.9M	$13.5M	200x	as long as short
Kalshi KXBNBPERP	+0.0122%	8h	799.70	+0.167%	$110K	$2.9M	4.8x	as long as short
Phoenix BNB	+0.0127%	1h	800.12	+0.220%	$172K	$36K	10x	as long as short
Hibachi BNB/USDT-P	+0.0176%	1h	798.93	+0.071%	$70K	$43K	12x	as long as short
Hyperliquid BNB	+0.0182%	1h	799.00	+0.080%	$52.1M	$21.3M	10x	as long as short
BloFin BNB-USDT	+0.0233%	8h	799.57	+0.151%	$18.3M	$2.5M	75x	as long as short
Bulk BNB-USD	+0.0239%	1h	800.03	+0.209%	$650K	$19K	10x	as long as short
RISEx BNB/USDC	+0.0258%	1h	798.57	+0.025%	$1.1M	$1.4M	20x	as long as short
01 Exchange BNBUSD	+0.0296%	1h	799.02	+0.082%	$28K	$1K	10x	as long as short
Injective BNB/USDC PERP	+0.0306%	1h	805.09	+0.842%	$19K	$789K	30x	as long as short
Reya BNBRUSDPERP	+0.0331%	1h	797.89	−0.060%	$6K	$3K	40x	as long as short
dYdX BNB-USD	+0.0381%	1h	798.50	+0.018%	$161K	$62K	10x	as long as short
Backpack BNB_USDC_PERP	+0.0402%	1h	798.75	+0.048%	$2.7M	$5.7M	40x	as long as short