Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0046%/8h= −5.0% APRpaid last 24h −0.029%

Price spread now: gTrade (Gains Network) against BingX−0.026%7-day average −0.022% · 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−$281as in the Price arb table

costs, in and out, $10k−$2802.803% of the position

Long on BingX Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.064%−$6 on $10k

Price spread, last 3 days (all we have)−0.077%−$8 · spread now −0.026%, 7d avg −0.022%

Together, before fees−0.142%−$14 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.022%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX BNB-USDT	802.67	0.0053	pay 0.0053% / 8h	54m 56s	—	$34.8M	—
Short	gTrade (Gains Network) BNB/USD	802.46	L +0.0008% / S −0.0007%	get 0.0001% / 1h	54m 56s	$9.8M	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against BingX. 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 BingXbpFee gTrade (Gains Network)bpOrdersPrice spread, now −0.026%Rate

Funding earned: −$9.59
Price spread: −0.026% → −0.022%: −$0.39
Slippage, 4 orders: −$260.25
Fee BingX: 5 bp × 2 orders: −$10
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$290.23
Costs to cover: 2.803%
Break-even: never at this rate

Slippage from BingX: live order book, 9 min ago; gTrade (Gains Network): virtual book (oracle venue), 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 BingX live order book, 9 min ago	0.13 bp	5.1 bp −$5	5.7 bp −$57	10.3 bp −$1,032	22.3 bp −$11.1K
Sell gTrade (Gains Network) virtual book (oracle venue), 4 min ago	130.00 bp	135.0 bp −$135	135.0 bp −$1,350	484.2 bp −$48.4K	3301.4 bp −$1.65M

BNB on 46 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

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	802.44	−0.029%	$48K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	802.80	+0.016%	$4K	$1K	25x	as long as short
Kraken Futures PF_BNBUSD	−0.0074%	1h	802.45	−0.028%	$2.6M	$969K	50x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	802.50	−0.022%	$3.0M	$28.2M	10x	as long as short
StandX BNB-USD	0.0000%	1h	803.15	+0.060%	$868K	$2.9M	30x	as long as short
gTrade (Gains Network) BNB/USDshort	L +0.0008% / S −0.0007%	1h	802.46	−0.026%	$9.8M	—	150x
Variational Omni BNB	+0.0031%	8h	801.64	−0.128%	$4.2M	$5.4M	—	as long as short
BingX BNB-USDTlong	+0.0053%	8h	802.67	long leg	—	$34.8M	—
Bybit BNBUSDT	+0.0066%	8h	802.28	−0.049%	$139.4M	$78.6M	75x	as long as short
Coinbase International BNB-PERP-INTX	+0.0072%	1h	800.72	−0.243%	$607K	$998K	50x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter BNB	+0.0096%	1h	802.82	+0.018%	$2.8M	$4.1M	20x	as long as short
Nado BNB-PERP	+0.0100%	1h	802.10	−0.071%	$1.4M	$2.7M	20x	as long as short
Pacifica BNB	+0.0100%	1h	802.62	−0.007%	$1.2M	$926K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	802.50	−0.021%	$54.8M	$113.6M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	802.80	+0.016%	$53K	$133K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	802.40	−0.034%	$35.8M	$57.5M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	802.36	−0.039%	$28.1M	$10.3M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	802.34	−0.041%	$79.6M	$27.4M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	802.60	−0.009%	$4.2M	$77.6M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	802.61	−0.007%	$162K	$442K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	802.39	−0.035%	$119K	$874K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	802.52	−0.019%	$388K	$497K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	802.72	+0.006%	$32K	$5K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	802.97	+0.037%	$13K	$1.7M	50x	as long as short
HTX BNB-USDT	+0.0100%	8h	802.22	−0.057%	$8.2M	$7.9M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	802.98	+0.038%	$78K	$19K	50x	as long as short
Aster BNBUSDT	+0.0103%	8h	803.31	+0.080%	$6.4M	$19.0M	200x	as long as short
Extended BNB-USD	+0.0104%	1h	802.19	−0.060%	$1.9M	$6.4M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	802.87	+0.025%	$386K	$40K	10x	as long as short
Phemex BNBUSDT	+0.0115%	8h	803.02	+0.044%	$70.2M	$51.1M	50x	as long as short
Kalshi KXBNBPERP	+0.0117%	8h	802.60	−0.009%	$109K	$2.9M	4.8x	as long as short
MEXC BNB_USDT	+0.0122%	8h	803.60	+0.116%	$83.6M	$13.5M	200x	as long as short
Binance BNBUSDT	+0.0123%	8h	803.39	+0.090%	$502.5M	$818.7M	75x	as long as short
Phoenix BNB	+0.0155%	1h	802.36	−0.039%	$172K	$36K	10x	as long as short
SoDEX BNB-USD	+0.0223%	1h	802.60	−0.009%	$395K	$1.0M	10x	as long as short
BloFin BNB-USDT	+0.0243%	8h	803.22	+0.069%	$18.2M	$2.6M	75x	as long as short
Hibachi BNB/USDT-P	+0.0248%	1h	802.25	−0.052%	$71K	$48K	12x	as long as short
RISEx BNB/USDC	+0.0258%	1h	802.58	−0.011%	$1.1M	$1.4M	20x	as long as short
Backpack BNB_USDC_PERP	+0.0272%	1h	803.33	+0.082%	$2.7M	$5.7M	40x	as long as short
Bulk BNB-USD	+0.0289%	1h	801.15	−0.189%	$651K	$20K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	803.01	+0.042%	$1.6M	$165K	25x	as long as short
Injective BNB/USDC PERP	+0.0306%	1h	805.09	+0.301%	$19K	$789K	30x	as long as short
Hyperliquid BNB	+0.0328%	1h	803.32	+0.081%	$52.0M	$21.7M	10x	as long as short
Reya BNBRUSDPERP	+0.0332%	1h	802.03	−0.080%	$6K	$3K	40x	as long as short
01 Exchange BNBUSD	+0.0432%	1h	803.41	+0.092%	$28K	$1K	10x	as long as short
dYdX BNB-USD	+0.0504%	1h	802.23	−0.055%	$162K	$62K	10x	as long as short