BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0184%/8h= −20.1% APRnext payment −$0.23 per $10,000 · paid last 24h −0.083%

Price spread now: gTrade (Gains Network) against Bulk−0.058%7-day average −0.102% · 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−$273as in the Price arb table

costs, in and out, $10k−$2772.771% of the position

Long on Bulk Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.291%−$29 on $10k

Price spread, last 3 days (all we have)+0.001%$0 · spread now −0.058%, 7d avg −0.102%

Together, before fees−0.290%−$29 on $10k · with fees, hour by hour

The price spread pays, funding is against you. gTrade (Gains Network) is 0.044% dearer against Bulk than usual: you sell high and buy low (spread −0.058% now, against its 7-day average of −0.102%): +$4 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 19 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bulk BNB-USD	798.83	0.0191	pay 0.0024% / 1h	5m 13s	$649K	$17K	10x
Short	gTrade (Gains Network) BNB/USD	798.36	L +0.0008% / S −0.0007%	get 0.0001% / 1h	5m 13s	$9.7M	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against Bulk. 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 BulkbpFee gTrade (Gains Network)bpOrdersPrice spread, now −0.058%Rate

Funding earned: −$38.59
Price spread: −0.058% → −0.102%: $4.42
Slippage, 4 orders: −$260.13
Fee Bulk: 3.5 bp × 2 orders: −$7
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$311.29
Costs to cover: 2.771%
Break-even: never at this rate

Slippage from Bulk: 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 Bulk live order book, 9 min ago	0.06 bp	3.6 bp −$4	3.6 bp −$36	4.9 bp −$488	11.1 bp −$5,571
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	798.33	−0.062%	$47K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	798.55	−0.034%	$4K	$1K	25x	as long as short
Kraken Futures PF_BNBUSD	−0.0074%	1h	798.21	−0.077%	$2.5M	$975K	50x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	798.60	−0.028%	$3.0M	$27.9M	10x	as long as short
StandX BNB-USD	0.0000%	1h	798.91	+0.011%	$863K	$2.9M	30x	as long as short
Variational Omni BNB	+0.0007%	8h	797.54	−0.161%	$4.1M	$5.4M	—	as long as short
gTrade (Gains Network) BNB/USDshort	L +0.0008% / S −0.0007%	1h	798.36	−0.058%	$9.7M	—	150x
BingX BNB-USDT	+0.0030%	8h	798.27	−0.069%	—	$34.7M	—	as long as short
Bybit BNBUSDT	+0.0037%	8h	798.00	−0.103%	$138.5M	$76.9M	75x	as long as short
Coinbase International BNB-PERP-INTX	+0.0072%	1h	798.14	−0.086%	$601K	$984K	50x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster BNBUSDT	+0.0078%	8h	798.76	−0.008%	$6.2M	$19.2M	200x	as long as short
Lighter BNB	+0.0096%	1h	798.60	−0.028%	$2.8M	$4.1M	20x	as long as short
Phemex BNBUSDT	+0.0098%	8h	798.84	+0.002%	$69.9M	$50.6M	50x	as long as short
Binance BNBUSDT	+0.0099%	8h	798.87	+0.006%	$497.6M	$817.9M	75x	as long as short
Nado BNB-PERP	+0.0100%	1h	798.07	−0.095%	$1.4M	$2.7M	20x	as long as short
Pacifica BNB	+0.0100%	1h	798.19	−0.080%	$1.2M	$925K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	798.20	−0.078%	$54.3M	$112.6M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	798.50	−0.041%	$53K	$133K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	798.00	−0.103%	$35.7M	$58.7M	75x	as long as short
MEXC BNB_USDT	+0.0100%	8h	799.20	+0.047%	$83.0M	$13.6M	200x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	798.16	−0.083%	$28.0M	$10.2M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	798.05	−0.097%	$79.0M	$27.5M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	798.64	−0.023%	$4.1M	$76.3M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	799.12	+0.037%	$161K	$437K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	798.25	−0.072%	$116K	$872K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	798.23	−0.075%	$386K	$494K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	798.44	−0.048%	$32K	$5K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	798.79	−0.005%	$13K	$1.7M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	798.50	−0.041%	$393K	$1.0M	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0100%	1h	798.74	−0.011%	$1.6M	$165K	25x	as long as short
HTX BNB-USDT	+0.0100%	8h	798.08	−0.093%	$8.2M	$8.1M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	798.79	−0.005%	$78K	$19K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	797.97	−0.107%	$1.8M	$6.6M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	798.45	−0.047%	$384K	$40K	10x	as long as short
Phoenix BNB	+0.0127%	1h	798.37	−0.057%	$172K	$36K	10x	as long as short
Kalshi KXBNBPERP	+0.0149%	8h	798.80	−0.003%	$90K	$2.9M	4.8x	as long as short
Hibachi BNB/USDT-P	+0.0152%	1h	798.02	−0.101%	$70K	$43K	12x	as long as short
Bulk BNB-USDlong	+0.0191%	1h	798.83	long leg	$649K	$17K	10x
BloFin BNB-USDT	+0.0219%	8h	798.91	+0.011%	$18.1M	$2.5M	75x	as long as short
Hyperliquid BNB	+0.0242%	1h	799.22	+0.049%	$52.5M	$20.8M	10x	as long as short
RISEx BNB/USDC	+0.0258%	1h	798.32	−0.063%	$1.1M	$1.4M	20x	as long as short
01 Exchange BNBUSD	+0.0264%	1h	798.79	−0.004%	$28K	$1K	10x	as long as short
Injective BNB/USDC PERP	+0.0306%	1h	805.09	+0.784%	$19K	$789K	30x	as long as short
Reya BNBRUSDPERP	+0.0331%	1h	797.91	−0.115%	$6K	$3K	40x	as long as short
dYdX BNB-USD	+0.0333%	1h	798.04	−0.099%	$161K	$63K	10x	as long as short
Backpack BNB_USDC_PERP	+0.0343%	1h	798.86	+0.004%	$2.7M	$5.7M	40x	as long as short