Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%

Price spread now: Aevo against Gate+0.015%7-day average +0.025% · you sell dearer than you buy

Net, funding: paid 7d − costs−$42as in the Funding arb table

Net, price: spread back to 7d avg − costs−$50as in the Price arb table

costs, in and out, $10k−$490.487% of the position

Long on Gate Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 7 days+0.067%+$7 on $10k

Price spread, last 4 days (all we have)−0.099%−$10 · spread now +0.015%, 7d avg +0.025%

Together, before fees−0.032%−$3 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate BNB_USDT	789.35	0.0100	pay 0.0100% / 8h	3h 51m	$35.8M	$56.6M	75x
Short	Aevo BNB-PERP	789.47	0.0104	get 0.0013% / 1h	51m 46s	$379K	$110K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Gate. 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 GatebpFee AevobpOrdersPrice spread, now +0.015%Rate

Funding earned: $0.84
Price spread: +0.015% → +0.025%: −$1.05
Slippage, 4 orders: −$17.67
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$48.88
Costs to cover: 0.487%
Break-even: 414.4 days

Slippage from Gate: live order book, 2 min ago; Aevo: live order book, 2 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 Gate live order book, 2 min ago	0.32 bp	10.7 bp −$11	12.7 bp −$127	28.1 bp −$2,808	56.8 bp −$28.4K
Sell Aevo live order book, 2 min ago	2.85 bp	14.4 bp −$14	19.3 bp −$193	24.6 bp −$2,463	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 −0.0191% / S +0.0355%	1h	789.65	+0.038%	$46K	—	200x	as long as short
Kraken Futures PF_BNBUSD	−0.0124%	1h	789.36	+0.001%	$2.5M	$1.2M	50x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	790.37	+0.129%	$4K	$42	25x	as long as short
StandX BNB-USD	0.0000%	1h	790.06	+0.090%	$852K	$3.2M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	789.80	+0.057%	$9.5M	—	150x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+1.994%	$19K	$789K	30x	as long as short
Aster BNBUSDT	+0.0037%	8h	789.86	+0.065%	$6.1M	$18.8M	200x	as long as short
BingX BNB-USDT	+0.0046%	8h	789.54	+0.024%	—	$34.4M	—	as long as short
Binance BNBUSDT	+0.0057%	8h	789.77	+0.053%	$493.3M	$795.2M	75x	as long as short
MEXC BNB_USDT	+0.0057%	8h	790.30	+0.120%	$80.1M	$12.0M	200x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex BNBUSDT	+0.0060%	8h	790.19	+0.106%	$69.1M	$50.3M	50x	as long as short
Coinbase International BNB-PERP-INTX	+0.0072%	1h	790.26	+0.115%	$580K	$1.9M	50x	as long as short
Phoenix BNB	+0.0092%	1h	790.40	+0.133%	$170K	$35K	10x	as long as short
Lighter BNB	+0.0096%	1h	789.51	+0.020%	$2.8M	$3.8M	20x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	789.54	+0.024%	$266K	$492K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	790.10	+0.095%	$1.5M	$2.6M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	789.87	+0.066%	$51.8M	$17.5M	10x	as long as short
Pacifica BNB	+0.0100%	1h	789.48	+0.016%	$1.2M	$931K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	789.20	−0.019%	$138.9M	$74.1M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	789.20	−0.019%	$53.4M	$111.9M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	790.40	+0.133%	$52K	$133K	10x	as long as short
Gate BNB_USDTlong	+0.0100%	8h	789.35	long leg	$35.8M	$56.6M	75x
KuCoin BNBUSDTM	+0.0100%	8h	789.39	+0.005%	$28.1M	$10.2M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	789.23	−0.015%	$76.4M	$30.4M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	789.86	+0.065%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	789.31	−0.005%	$4.1M	$4.8M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	790.17	+0.104%	$4.1M	$73.3M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	790.54	+0.151%	$159K	$440K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	790.10	+0.095%	$130K	$954K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	789.66	+0.039%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	790.86	+0.192%	$12K	$1.5M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	789.70	+0.044%	$388K	$1.0M	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	790.04	+0.087%	$8.1M	$9.6M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	789.64	+0.036%	$77K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	789.08	−0.034%	$1.9M	$6.2M	50x	as long as short
Aevo BNB-PERPshort	+0.0104%	1h	789.47	+0.015%	$379K	$110K	10x
Kalshi KXBNBPERP	+0.0104%	8h	790.30	+0.120%	$135K	$2.7M	4.8x	as long as short
dYdX BNB-USD	+0.0125%	1h	789.96	+0.077%	$160K	$64K	10x	as long as short
GRVT BNB_USDT_Perp	+0.0163%	8h	789.64	+0.036%	$2.9M	$28.5M	10x	as long as short
BloFin BNB-USDT	+0.0177%	8h	790.49	+0.144%	$18.1M	$2.2M	75x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0200%	1h	789.96	+0.077%	$1.5M	$143K	25x	as long as short
Bulk BNB-USD	+0.0234%	1h	790.66	+0.166%	$640K	$9K	10x	as long as short
01 Exchange BNBUSD	+0.0264%	1h	790.89	+0.195%	$28K	$4K	10x	as long as short
Reya BNBRUSDPERP	+0.0325%	1h	789.65	+0.038%	$6K	$3K	40x	as long as short
Hibachi BNB/USDT-P	+0.0376%	1h	790.08	+0.092%	$67K	$39K	12x	as long as short
RISEx BNB/USDC	+0.0431%	1h	790.63	+0.163%	$1.1M	$892K	20x	as long as short