Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%

Price spread now: Aevo against OKX+0.029%7-day average +0.035% · you sell dearer than you buy

Net, funding: paid 7d − costs−$33as in the Funding arb table

Net, price: spread back to 7d avg − costs−$39as in the Price arb table

costs, in and out, $10k−$390.388% of the position

Long on OKX Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 7 days+0.058%+$6 on $10k

Price spread, last 4 days (all we have)−0.091%−$9 · spread now +0.029%, 7d avg +0.035%

Together, before fees−0.033%−$3 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX BNB-USDT-SWAP	789.10	0.0100	pay 0.0100% / 8h	4h 19m	$53.4M	$111.2M	50x
Short	Aevo BNB-PERP	789.33	0.0104	get 0.0013% / 1h	19m 16s	$379K	$110K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against OKX. 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 OKXbpFee AevobpOrdersPrice spread, now +0.029%Rate

Funding earned: $0.84
Price spread: +0.029% → +0.035%: −$0.64
Slippage, 4 orders: −$12.8
Fee OKX: 5 bp × 2 orders: −$10
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$38.6
Costs to cover: 0.388%
Break-even: 328.7 days

Slippage from OKX: live order book, 5 min ago; Aevo: live order book, 40 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 OKX live order book, 5 min ago	0.63 bp	5.6 bp −$6	7.4 bp −$74	20.6 bp −$2,060	doesn't fit
Sell Aevo live order book, 40 min ago	2.84 bp	13.1 bp −$13	19.1 bp −$191	23.6 bp −$2,357	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 −0.0187% / S +0.0352%	1h	789.21	+0.014%	$46K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	789.60	+0.063%	$4K	$42	25x	as long as short
StandX BNB-USD	0.0000%	1h	789.38	+0.035%	$851K	$3.2M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	789.23	+0.016%	$9.5M	—	150x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.026%	$19K	$789K	30x	as long as short
Aster BNBUSDT	+0.0038%	8h	789.77	+0.084%	$6.1M	$18.7M	200x	as long as short
BingX BNB-USDC	+0.0051%	8h	789.29	+0.024%	—	$13.4M	—	as long as short
Phemex BNBUSDT	+0.0058%	8h	789.76	+0.084%	$69.1M	$50.0M	50x	as long as short
MEXC BNB_USDT	+0.0062%	8h	790.10	+0.127%	$80.2M	$12.4M	200x	as long as short
Binance BNBUSDT	+0.0063%	8h	789.69	+0.075%	$492.8M	$789.7M	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	+0.0064%	1h	789.45	+0.044%	$582K	$1.9M	50x	as long as short
Lighter BNB	+0.0096%	1h	789.25	+0.019%	$2.7M	$3.8M	20x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	789.20	+0.013%	$265K	$492K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	789.10	0.000%	$1.5M	$2.6M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	789.82	+0.091%	$51.8M	$17.5M	10x	as long as short
Pacifica BNB	+0.0100%	1h	789.40	+0.038%	$1.2M	$931K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	789.10	0.000%	$138.8M	$74.6M	75x	as long as short
OKX BNB-USDT-SWAPlong	+0.0100%	8h	789.10	long leg	$53.4M	$111.2M	50x
Arcus BNB-USD	+0.0100%	1h	789.40	+0.038%	$52K	$130K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	789.20	+0.013%	$35.5M	$57.4M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	789.19	+0.011%	$28.1M	$10.4M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	788.84	−0.033%	$76.3M	$30.1M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	789.55	+0.057%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	788.80	−0.038%	$4.1M	$4.6M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	789.71	+0.077%	$4.1M	$73.3M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	789.71	+0.077%	$159K	$440K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	789.05	−0.006%	$133K	$950K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	789.31	+0.027%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	789.82	+0.091%	$12K	$1.5M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	789.40	+0.038%	$388K	$1.0M	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	789.11	+0.002%	$8.1M	$9.5M	75x	as long as short
Paradex BNB-USD-PERP	+0.0101%	8h	789.78	+0.086%	$77K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	788.84	−0.033%	$1.8M	$5.9M	50x	as long as short
Aevo BNB-PERPshort	+0.0104%	1h	789.33	+0.029%	$379K	$110K	10x
Phoenix BNB	+0.0117%	1h	789.49	+0.049%	$170K	$35K	10x	as long as short
dYdX BNB-USD	+0.0124%	1h	789.35	+0.032%	$160K	$64K	10x	as long as short
GRVT BNB_USDT_Perp	+0.0148%	8h	789.97	+0.110%	$2.9M	$28.6M	10x	as long as short
Kalshi KXBNBPERP	+0.0176%	8h	790.00	+0.114%	$125K	$2.7M	4.8x	as long as short
BloFin BNB-USDT	+0.0183%	8h	789.68	+0.074%	$18.1M	$2.2M	75x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0200%	1h	789.61	+0.064%	$1.5M	$143K	25x	as long as short
Bulk BNB-USD	+0.0222%	1h	790.13	+0.130%	$640K	$9K	10x	as long as short
01 Exchange BNBUSD	+0.0232%	1h	789.76	+0.084%	$28K	$4K	10x	as long as short
Kraken Futures PF_BNBUSD	+0.0263%	1h	789.01	−0.011%	$2.5M	$1.2M	50x	as long as short
Reya BNBRUSDPERP	+0.0326%	1h	788.89	−0.026%	$6K	$3K	40x	as long as short
Hibachi BNB/USDT-P	+0.0400%	1h	789.48	+0.048%	$67K	$38K	12x	as long as short
RISEx BNB/USDC	+0.0461%	1h	789.50	+0.050%	$1.1M	$967K	20x	as long as short