Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0011%/8h= −1.2% APRpaid last 24h +0.004%

Price spread now: Aster against SoDEX+0.088%7-day average +0.062% · 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−$16as in the Price arb table

costs, in and out, $10k−$190.188% of the position

Long on SoDEX Short on Aster

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.028%−$3 on $10k

Price spread, last 3 days (all we have)+0.017%+$2 · spread now +0.088%, 7d avg +0.062%

Together, before fees−0.011%+ Points / potential airdropAster: Stage 5 · farm board−$1 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Aster is 0.026% dearer against SoDEX than usual: you sell high and buy low (spread +0.088% now, against its 7-day average of +0.062%): +$3 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 8.1 days. At the pace of the last 3 days (−0.028% in total) that is about 2.9 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX BNB-USD	798.40	0.0100	pay 0.0013% / 1h	21m 18s	$393K	$1.0M	10x
Short	Aster BNBUSDT	799.10	0.0089	get 0.0089% / 8h	21m 18s	$6.3M	$19.1M	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against SoDEX. 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 SoDEXbpFee AsterbpOrdersPrice spread, now +0.088%Rate

Funding earned: −$2.21
Price spread: +0.088% → +0.062%: $2.56
Slippage, 4 orders: −$2.76
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Aster: 4 bp × 2 orders: −$8
Net: −$18.41
Costs to cover: 0.188%
Break-even: never at this rate

Slippage from SoDEX: live order book, 2 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 SoDEX live order book, 2 min ago	0.63 bp	4.9 bp −$5	8.7 bp −$87	78.5 bp −$7,854	doesn't fit
Sell Aster live order book, 3 min ago	0.50 bp	4.6 bp −$5	4.9 bp −$49	16.6 bp −$1,657	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	798.40	+0.001%	$47K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	798.76	+0.045%	$4K	$1K	25x	as long as short
Kraken Futures PF_BNBUSD	−0.0074%	1h	798.12	−0.035%	$2.5M	$972K	50x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	798.68	+0.035%	$3.0M	$27.9M	10x	as long as short
StandX BNB-USD	0.0000%	1h	798.96	+0.070%	$863K	$2.9M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	798.41	+0.001%	$9.7M	—	150x	as long as short
Variational Omni BNB	+0.0012%	8h	798.04	−0.045%	$4.1M	$5.4M	—	as long as short
BingX BNB-USDT	+0.0035%	8h	798.56	+0.020%	—	$34.8M	—	as long as short
Bybit BNBUSDT	+0.0042%	8h	797.94	−0.058%	$138.5M	$77.0M	75x	as long as short
Coinbase International BNB-PERP-INTX	+0.0072%	1h	799.89	+0.187%	$606K	$985K	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	+0.0089%	8h	799.10	+0.088%	$6.3M	$19.1M	200x
Lighter BNB	+0.0096%	1h	798.76	+0.045%	$2.8M	$4.1M	20x	as long as short
Nado BNB-PERP	+0.0100%	1h	798.25	−0.019%	$1.4M	$2.7M	20x	as long as short
Pacifica BNB	+0.0100%	1h	798.75	+0.044%	$1.2M	$926K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	798.00	−0.050%	$54.3M	$112.8M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	798.90	+0.063%	$53K	$133K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	798.25	−0.019%	$35.8M	$58.3M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	798.44	+0.005%	$28.0M	$10.3M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	798.24	−0.020%	$79.1M	$27.5M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	798.50	+0.013%	$4.1M	$76.5M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	799.21	+0.101%	$161K	$439K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	798.40	0.000%	$116K	$875K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	798.26	−0.018%	$386K	$497K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	798.37	−0.004%	$32K	$5K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	799.16	+0.095%	$13K	$1.7M	50x	as long as short
SoDEX BNB-USDlong	+0.0100%	1h	798.40	long leg	$393K	$1.0M	10x
Deribit BNB_USDC-PERPETUAL	+0.0100%	1h	798.63	+0.028%	$1.6M	$165K	25x	as long as short
HTX BNB-USDT	+0.0100%	8h	798.55	+0.019%	$8.2M	$8.0M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	798.96	+0.070%	$78K	$19K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	797.79	−0.077%	$1.8M	$6.5M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	798.26	−0.018%	$383K	$40K	10x	as long as short
Binance BNBUSDT	+0.0109%	8h	798.96	+0.070%	$497.9M	$818.3M	75x	as long as short
Phemex BNBUSDT	+0.0109%	8h	798.92	+0.065%	$69.8M	$50.6M	50x	as long as short
MEXC BNB_USDT	+0.0110%	8h	799.40	+0.125%	$83.0M	$13.6M	200x	as long as short
Kalshi KXBNBPERP	+0.0126%	8h	799.30	+0.113%	$89K	$2.9M	4.8x	as long as short
Phoenix BNB	+0.0127%	1h	798.57	+0.021%	$172K	$36K	10x	as long as short
Hibachi BNB/USDT-P	+0.0176%	1h	799.08	+0.085%	$70K	$43K	12x	as long as short
Hyperliquid BNB	+0.0212%	1h	799.41	+0.127%	$52.5M	$21.2M	10x	as long as short
BloFin BNB-USDT	+0.0229%	8h	798.85	+0.056%	$18.2M	$2.5M	75x	as long as short
Bulk BNB-USD	+0.0239%	1h	800.03	+0.205%	$650K	$19K	10x	as long as short
RISEx BNB/USDC	+0.0258%	1h	798.65	+0.031%	$1.1M	$1.4M	20x	as long as short
01 Exchange BNBUSD	+0.0288%	1h	799.21	+0.101%	$28K	$1K	10x	as long as short
Injective BNB/USDC PERP	+0.0306%	1h	805.09	+0.838%	$19K	$789K	30x	as long as short
Reya BNBRUSDPERP	+0.0331%	1h	798.12	−0.034%	$6K	$3K	40x	as long as short
dYdX BNB-USD	+0.0367%	1h	798.70	+0.037%	$161K	$62K	10x	as long as short
Backpack BNB_USDC_PERP	+0.0394%	1h	799.35	+0.119%	$2.7M	$5.7M	40x	as long as short