Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Gate against Bitget+0.040%7-day average +0.031% · you sell dearer than you buy

Net, funding: paid 7d − costs−$34as in the Funding arb table

Net, price: spread back to 7d avg − costs−$31as in the Price arb table

costs, in and out, $10k−$320.323% of the position

Long on Bitget Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.014%−$1 on $10k

Price spread, last 7 days−0.021%−$2 · spread now +0.040%, 7d avg +0.031%

Together, before fees−0.035%−$4 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget BNBUSDT	791.13	0.0100	pay 0.0100% / 8h	5h 18m	$77.0M	$29.9M	75x
Short	Gate BNB_USDT	791.45	0.0100	get 0.0100% / 8h	5h 18m	$35.4M	$57.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Bitget. 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 BitgetbpFee GatebpOrdersPrice spread, now +0.040%Rate

Funding earned: $0
Price spread: +0.040% → +0.031%: $0.96
Slippage, 4 orders: −$5.35
Fee Bitget: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$31.38
Costs to cover: 0.323%
Break-even: never at this rate

Slippage from Bitget: live order book, 5 min ago; Gate: live order book, 5 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 Bitget live order book, 5 min ago	0.06 bp	6.6 bp −$7	10.3 bp −$103	19.5 bp −$1,954	doesn't fit
Sell Gate live order book, 5 min ago	0.32 bp	9.1 bp −$9	11.6 bp −$116	24.6 bp −$2,456	52.9 bp −$26.5K

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 −0.0167% / S +0.0335%	1h	791.48	+0.044%	$46K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	791.73	+0.076%	$4K	$239	25x	as long as short
StandX BNB-USD	0.0000%	1h	792.75	+0.205%	$857K	$3.1M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	791.51	+0.048%	$9.7M	—	150x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+1.765%	$19K	$789K	30x	as long as short
Coinbase International BNB-PERP-INTX	+0.0048%	1h	792.03	+0.114%	$615K	$1.8M	50x	as long as short
Aster BNBUSDT	+0.0051%	8h	791.98	+0.107%	$6.2M	$18.7M	200x	as long as short
Phemex BNBUSDT	+0.0054%	8h	792.11	+0.124%	$69.4M	$50.6M	50x	as long as short
BingX BNB-USDT	+0.0061%	8h	791.65	+0.066%	—	$34.3M	—	as long as short
Binance BNBUSDT	+0.0076%	8h	791.97	+0.106%	$494.8M	$795.9M	75x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC BNB_USDT	+0.0076%	8h	792.40	+0.161%	$80.5M	$12.5M	200x	as long as short
Kraken Futures PF_BNBUSD	+0.0091%	1h	791.40	+0.034%	$2.5M	$1.2M	50x	as long as short
Lighter BNB	+0.0096%	1h	791.72	+0.075%	$2.8M	$3.9M	20x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	791.59	+0.058%	$266K	$498K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	791.25	+0.015%	$1.5M	$2.6M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	792.05	+0.116%	$52.0M	$17.6M	10x	as long as short
Pacifica BNB	+0.0100%	1h	791.64	+0.064%	$1.2M	$908K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	791.40	+0.034%	$139.3M	$77.1M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	791.30	+0.021%	$53.7M	$111.7M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	791.60	+0.059%	$52K	$130K	10x	as long as short
Gate BNB_USDTshort	+0.0100%	8h	791.45	+0.040%	$35.4M	$57.2M	75x
KuCoin BNBUSDTM	+0.0100%	8h	791.29	+0.020%	$27.8M	$10.3M	75x	as long as short
Bitget BNBUSDTlong	+0.0100%	8h	791.13	long leg	$77.0M	$29.9M	75x
Backpack BNB_USDC_PERP	+0.0100%	1h	791.82	+0.087%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	791.30	+0.022%	$4.1M	$4.6M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	792.18	+0.132%	$4.1M	$75.5M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	792.28	+0.145%	$159K	$440K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	791.36	+0.029%	$134K	$949K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	791.77	+0.081%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	792.01	+0.111%	$12K	$1.6M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	791.70	+0.072%	$389K	$1.0M	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	791.35	+0.027%	$8.1M	$9.2M	75x	as long as short
Paradex BNB-USD-PERP	+0.0102%	8h	792.15	+0.129%	$77K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	791.10	−0.004%	$1.8M	$5.9M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	791.52	+0.050%	$380K	$110K	10x	as long as short
Phoenix BNB	+0.0107%	1h	792.03	+0.114%	$170K	$35K	10x	as long as short
GRVT BNB_USDT_Perp	+0.0144%	8h	791.54	+0.052%	$3.0M	$28.0M	10x	as long as short
Kalshi KXBNBPERP	+0.0188%	8h	791.90	+0.097%	$83K	$2.8M	4.8x	as long as short
BloFin BNB-USDT	+0.0196%	8h	791.81	+0.086%	$18.1M	$2.2M	75x	as long as short
dYdX BNB-USD	+0.0216%	1h	791.12	−0.001%	$160K	$63K	10x	as long as short
01 Exchange BNBUSD	+0.0296%	1h	791.94	+0.102%	$28K	$4K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	792.02	+0.113%	$1.5M	$143K	25x	as long as short
Reya BNBRUSDPERP	+0.0327%	1h	791.18	+0.006%	$6K	$3K	40x	as long as short
RISEx BNB/USDC	+0.0361%	1h	791.75	+0.078%	$1.1M	$1.0M	20x	as long as short
Bulk BNB-USD	+0.0403%	1h	790.49	−0.081%	$640K	$6K	10x	as long as short
Hibachi BNB/USDT-P	+0.0600%	1h	791.67	+0.069%	$68K	$38K	12x	as long as short