Funding you earn now, next payment 00:00 UTC−0.0036%/8h= −3.9% APRnext payment −$0.36 per $10,000 · paid last 24h +0.008%
Price spread now: Aster against Phemex−0.012%7-day average +0.013% · you buy dearer than you sell
Net, funding: paid 7d − costs−$20as in the Funding arb table
Net, price: spread back to 7d avg − costs−$25as in the Price arb table
costs, in and out, $10k−$220.224% of the position
Funding, last 7 days+0.023%+$2 on $10k
+Price spread, last 3 days (all we have)+0.162%+$16 · spread now −0.012%, 7d avg +0.013%
=Together, before fees+0.185%+ Points / potential airdropAster: Stage 5 · farm board+$19 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Aster is 0.026% cheaper against Phemex than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.013%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex BNBUSDT | 805.52 | 0.0134 | pay 0.0134% / 8h | 2h 09m | $70.3M | $51.8M | 50x |
| Short | Aster BNBUSDT | 805.42 | 0.0098 | get 0.0098% / 8h | 2h 09m | $6.4M | $18.9M | 200x |
Phemex BNBUSDT
Aster BNBUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Aster against Phemex. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$7.5
- Price spread: −0.012% → +0.013%
- −$2.57
- Slippage, 4 orders
- −$2.42
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Aster: 4 bp × 2 orders
- −$8
- Net
- −$32.49
- Costs to cover
- 0.224%
- Break-even
- never at this rate
Slippage from Phemex: live order book, 5 min ago; Aster: live order book, 4 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 Phemex live order book, 5 min ago | 0.06 bp | 6.2 bp −$6 | 6.5 bp −$65 | 11.8 bp −$1,182 | doesn't fit |
| Sell Aster live order book, 4 min ago | 0.56 bp | 4.9 bp −$5 | 5.7 bp −$57 | 20.5 bp −$2,055 | 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 | 804.88 | −0.079% | $49K | — | 200x | as long as short |
| Hotstuff BNB-PERP | −0.0080% | 1h | 805.14 | −0.047% | $4K | $1K | 25x | as long as short |
| GRVT BNB_USDT_Perp | 0.0000% | 8h | 805.48 | −0.005% | $3.0M | $29.5M | 10x | as long as short |
| Kalshi KXBNBPERP | 0.0000% | 8h | 805.90 | +0.047% | $114K | $2.5M | 4.8x | as long as short |
| StandX BNB-USD | 0.0000% | 1h | 804.97 | −0.068% | $870K | $2.8M | 30x | as long as short |
| gTrade (Gains Network) BNB/USD | L +0.0008% / S −0.0007% | 1h | 805.00 | −0.064% | $9.8M | — | 150x | as long as short |
| Kraken Futures PF_BNBUSD | +0.0038% | 1h | 804.99 | −0.065% | $2.5M | $919K | 50x | as long as short |
| Variational Omni BNB | +0.0049% | 8h | 804.63 | −0.111% | $4.1M | $5.4M | — | as long as short |
| BingX BNB-USDC | +0.0055% | 8h | 804.81 | −0.088% | — | $13.3M | — | as long as short |
| Bybit BNBUSDT | +0.0080% | 8h | 804.50 | −0.127% | $139.6M | $81.7M | 75x | as long as short |
GMX BNB/USD [WBTC.b-USDC]
Hotstuff BNB-PERP
GRVT BNB_USDT_Perp
Kalshi KXBNBPERP
StandX BNB-USD
gTrade (Gains Network) BNB/USD
Kraken Futures PF_BNBUSD
Variational Omni BNB
BingX BNB-USDC
Bybit BNBUSDTShow 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 | −0.046% | $608K | $881K | 50x | as long as short |
| Lighter BNB | +0.0096% | 1h | 804.90 | −0.077% | $2.8M | $4.2M | 20x | as long as short |
| Aster BNBUSDTshort | +0.0098% | 8h | 805.42 | −0.012% | $6.4M | $18.9M | 200x | |
| Nado BNB-PERP | +0.0100% | 1h | 804.90 | −0.077% | $1.5M | $2.8M | 20x | as long as short |
| Pacifica BNB | +0.0100% | 1h | 804.95 | −0.071% | $1.2M | $924K | 20x | as long as short |
| OKX BNB-USDT-SWAP | +0.0100% | 8h | 804.50 | −0.127% | $55.2M | $116.1M | 50x | as long as short |
| Arcus BNB-USD | +0.0100% | 1h | 805.10 | −0.052% | $53K | $170K | 10x | as long as short |
| Gate BNB_USDT | +0.0100% | 8h | 804.55 | −0.120% | $36.1M | $59.2M | 75x | as long as short |
| KuCoin BNBUSDTM | +0.0100% | 8h | 804.65 | −0.108% | $28.2M | $10.5M | 75x | as long as short |
| Bitget BNBUSDT | +0.0100% | 8h | 804.33 | −0.148% | $79.0M | $24.8M | 75x | as long as short |
| edgeX BNBUSDC | +0.0100% | 4h | 806.79 | +0.158% | $4.2M | $77.2M | 30x | as long as short |
| ApeX Omni BNBUSDT | +0.0100% | 1h | 806.36 | +0.104% | $159K | $437K | 50x | as long as short |
| Polymarket Perps BNB-USD | +0.0100% | 1h | 804.96 | −0.070% | $116K | $873K | 10x | as long as short |
| Orderly PERP_BNB_USDC | +0.0100% | 8h | 805.00 | −0.065% | $389K | $592K | 50x | as long as short |
| Derive BNB-PERP | +0.0100% | 1h | 804.99 | −0.066% | $32K | $5K | 10x | as long as short |
| SunX BNB-USDT | +0.0100% | 8h | 805.63 | +0.014% | $13K | $1.7M | 50x | as long as short |
| Deribit BNB_USDC-PERPETUAL | +0.0100% | 1h | 805.38 | −0.017% | $1.6M | $165K | 25x | as long as short |
| HTX BNB-USDT | +0.0100% | 8h | 805.30 | −0.027% | $8.2M | $7.5M | 75x | as long as short |
| Paradex BNB-USD-PERP | +0.0100% | 8h | 805.70 | +0.022% | $79K | $19K | 50x | as long as short |
| Extended BNB-USD | +0.0104% | 1h | 804.38 | −0.141% | $1.9M | $6.1M | 50x | as long as short |
| Aevo BNB-PERP | +0.0104% | 1h | 805.12 | −0.050% | $387K | $40K | 10x | as long as short |
| MEXC BNB_USDT | +0.0115% | 8h | 805.60 | +0.010% | $84.6M | $13.7M | 200x | as long as short |
| Binance BNBUSDT | +0.0115% | 8h | 805.32 | −0.025% | $520.5M | $806.2M | 75x | as long as short |
| Phoenix BNB | +0.0125% | 1h | 805.62 | +0.012% | $173K | $35K | 10x | as long as short |
| Phemex BNBUSDTlong | +0.0134% | 8h | 805.52 | long leg | $70.3M | $51.8M | 50x | |
| SoDEX BNB-USD | +0.0196% | 1h | 804.90 | −0.077% | $396K | $1.0M | 10x | as long as short |
| RISEx BNB/USDC | +0.0209% | 1h | 805.01 | −0.063% | $1.1M | $1.4M | 20x | as long as short |
| Hyperliquid BNB | +0.0210% | 1h | 805.43 | −0.011% | $51.9M | $22.0M | 10x | as long as short |
| BloFin BNB-USDT | +0.0234% | 8h | 805.45 | −0.009% | $18.9M | $3.1M | 75x | as long as short |
| dYdX BNB-USD | +0.0243% | 1h | 804.86 | −0.082% | $170K | $55K | 10x | as long as short |
| Hibachi BNB/USDT-P | +0.0256% | 1h | 805.00 | −0.064% | $71K | $48K | 12x | as long as short |
| Bulk BNB-USD | +0.0258% | 1h | 805.37 | −0.019% | $651K | $14K | 10x | as long as short |
| Reya BNBRUSDPERP | +0.0334% | 1h | 804.70 | −0.102% | $6K | $3K | 40x | as long as short |
| 01 Exchange BNBUSD | +0.0344% | 1h | 805.87 | +0.043% | $29K | $1K | 10x | as long as short |
| Injective BNB/USDC PERP | +0.0353% | 1h | 804.89 | −0.078% | $19K | $627K | 30x | as long as short |
| Backpack BNB_USDC_PERP | +0.0651% | 1h | 805.87 | +0.043% | $3.0M | $5.5M | 40x | as long as short |
Coinbase International BNB-PERP-INTX
Lighter BNB
Nado BNB-PERP
Pacifica BNB
OKX BNB-USDT-SWAP
Arcus BNB-USD
Gate BNB_USDT
KuCoin BNBUSDTM
Bitget BNBUSDT
edgeX BNBUSDC
ApeX Omni BNBUSDT
Polymarket Perps BNB-USD
Orderly PERP_BNB_USDC
Derive BNB-PERP
SunX BNB-USDT
Deribit BNB_USDC-PERPETUAL
HTX BNB-USDT
Paradex BNB-USD-PERP
Extended BNB-USD
Aevo BNB-PERP
MEXC BNB_USDT
Binance BNBUSDT
Phoenix BNB
SoDEX BNB-USD
RISEx BNB/USDC
Hyperliquid BNB
BloFin BNB-USDT
dYdX BNB-USD
Hibachi BNB/USDT-P
Bulk BNB-USD
Reya BNBRUSDPERP
01 Exchange BNBUSD
Injective BNB/USDC PERP
Backpack BNB_USDC_PERP