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Funding arb · Price arb /

BNB

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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 22:00 UTC−0.0093%/8h= −10.1% APRnext payment −$0.12 per $10,000 · paid last 24h −0.036%
Price spread now: gTrade (Gains Network) against Arcus−0.036%46s7-day average −0.105% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$2882.883% of the position
Long on ArcusShort on gTrade (Gains Network)
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.134%−$13 on $10k
Price spread, last 3 days (all we have)−0.166%−$17 · spread now −0.036%, 7d avg −0.105%
Together, before fees−0.300%−$30 on $10k · with fees, hour by hour
The price spread pays, funding is against you. gTrade (Gains Network) is 0.069% dearer against Arcus than usual: you sell high and buy low (spread −0.036% now, against its 7-day average of −0.105%): +$7 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 2.5 days. The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongArcus BNB-USD804.100.0100pay 0.0013% / 1h31m 31s$53K$165K10x
ShortgTrade (Gains Network) BNB/USD803.81L +0.0008% / S −0.0007%get 0.0001% / 1h31m 31s$9.8M—150x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against Arcus. 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

Funding earned
−$19.43
Price spread: −0.036% → −0.105%
$6.87
Slippage, 4 orders
−$273.75
Fee Arcus: 2.25 bp × 2 orders
−$4.5
Fee gTrade (Gains Network): 5 bp × 2 orders
−$10
Net
−$300.81
Costs to cover
2.883%
Break-even
never at this rate
Slippage from Arcus: live order book, 56 min ago; gTrade (Gains Network): virtual book (oracle venue), 3 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Arcus live order book, 56 min ago5.59 bp8.8 bp −$926.5 bp −$265doesn't fitdoesn't fit
Sell gTrade (Gains Network) virtual book (oracle venue), 3 min ago130.00 bp135.0 bp −$135135.0 bp −$1,350484.2 bp −$48.4K3301.4 bp −$1.65M

BNB on 46 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GMX BNB/USD [WBTC.b-USDC]L −0.0195% / S +0.0371%1h803.75−0.043%$48K—200xas long as short
Hotstuff BNB-PERP−0.0080%1h804.19+0.011%$4K$1K25xas long as short
GRVT BNB_USDT_Perp0.0000%8h803.90−0.025%$3.0M$29.3M10xas long as short
Kalshi KXBNBPERP0.0000%8h804.50+0.050%$112K$2.5M4.8xas long as short
StandX BNB-USD0.0000%1h803.92−0.022%$869K$2.9M30xas long as short
gTrade (Gains Network) BNB/USDshortL +0.0008% / S −0.0007%1h803.81−0.036%$9.8M—150x
Kraken Futures PF_BNBUSD+0.0038%1h803.94−0.019%$2.5M$908K50xas long as short
Variational Omni BNB+0.0051%8h802.62−0.184%$4.0M$5.3M—as long as short
BingX BNB-USDT+0.0054%8h803.80−0.037%—$34.5M—as long as short
Bybit BNBUSDT+0.0075%8h803.72−0.047%$139.4M$82.9M75xas long as short
Show all 46 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Coinbase International BNB-PERP-INTX+0.0088%1h804.19+0.011%$609K$878K50xas long as short
Aster BNBUSDT+0.0089%8h804.44+0.042%$6.4M$18.8M200xas long as short
Lighter BNB+0.0096%1h803.99−0.013%$2.8M$4.2M20xas long as short
Nado BNB-PERP+0.0100%1h803.49−0.076%$1.4M$2.8M20xas long as short
Pacifica BNB+0.0100%1h804.04−0.008%$1.2M$923K20xas long as short
OKX BNB-USDT-SWAP+0.0100%8h804.00−0.012%$55.1M$115.5M50xas long as short
Arcus BNB-USDlong+0.0100%1h804.10long leg$53K$165K10x
Gate BNB_USDT+0.0100%8h803.65−0.056%$35.9M$58.5M75xas long as short
KuCoin BNBUSDTM+0.0100%8h803.59−0.063%$28.1M$10.5M75xas long as short
Bitget BNBUSDT+0.0100%8h803.85−0.031%$79.1M$24.5M75xas long as short
edgeX BNBUSDC+0.0100%4h804.49+0.049%$4.2M$76.9M30xas long as short
ApeX Omni BNBUSDT+0.0100%1h804.32+0.027%$159K$439K50xas long as short
Polymarket Perps BNB-USD+0.0100%1h804.09−0.001%$118K$868K10xas long as short
Orderly PERP_BNB_USDC+0.0100%8h803.85−0.031%$388K$593K50xas long as short
Derive BNB-PERP+0.0100%1h803.97−0.016%$32K$5K10xas long as short
SunX BNB-USDT+0.0100%8h804.51+0.051%$13K$1.7M50xas long as short
HTX BNB-USDT+0.0100%8h803.84−0.032%$8.2M$7.4M75xas long as short
Paradex BNB-USD-PERP+0.0100%8h804.48+0.047%$79K$19K50xas long as short
Extended BNB-USD+0.0104%1h803.40−0.087%$1.9M$6.1M50xas long as short
Aevo BNB-PERP+0.0104%1h804.01−0.011%$386K$40K10xas long as short
MEXC BNB_USDT+0.0105%8h804.80+0.087%$84.4M$13.6M200xas long as short
Binance BNBUSDT+0.0106%8h804.89+0.098%$519.3M$803.0M75xas long as short
Phemex BNBUSDT+0.0124%8h804.34+0.030%$70.2M$51.7M50xas long as short
Phoenix BNB+0.0125%1h803.93−0.021%$173K$35K10xas long as short
Hyperliquid BNB+0.0156%1h804.41+0.039%$51.7M$21.3M10xas long as short
SoDEX BNB-USD+0.0160%1h803.80−0.037%$395K$1.0M10xas long as short
Bulk BNB-USD+0.0197%1h804.34+0.030%$650K$11K10xas long as short
Deribit BNB_USDC-PERPETUAL+0.0200%1h804.31+0.026%$1.6M$165K25xas long as short
RISEx BNB/USDC+0.0209%1h804.100.000%$1.1M$1.4M20xas long as short
BloFin BNB-USDT+0.0225%8h804.46+0.045%$18.8M$3.1M75xas long as short
Hibachi BNB/USDT-P+0.0248%1h804.02−0.009%$71K$48K12xas long as short
dYdX BNB-USD+0.0276%1h804.28+0.022%$170K$55K10xas long as short
01 Exchange BNBUSD+0.0328%1h804.69+0.073%$28K$1K10xas long as short
Reya BNBRUSDPERP+0.0334%1h803.83−0.033%$6K$3K40xas long as short
Injective BNB/USDC PERP+0.0353%1h804.92+0.102%$19K$526K30xas long as short
Backpack BNB_USDC_PERP+0.0663%1h804.69+0.073%$3.0M$5.4M40xas long as short