Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.001%

Price spread now: Gate against Derive−0.006%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Derive Short on Gate

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Derive BNB-PERP	785.10	0.0100	pay 0.0013% / 1h	32m 17s	$31K	$12K	10x
Short	Gate BNB_USDT	785.05	0.0100	get 0.0100% / 8h	2h 32m	$36.3M	$58.5M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Derive. 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 DerivebpFee GatebpOrdersPrice spread, now −0.006%Rate

Funding earned: $0
Price spread: −0.006% → 0.000%: −$0.57
Slippage, 4 orders: no order book: not counted
Fee Derive: 3 bp × 2 orders: −$6
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$21.57
Costs to cover: 0.210%
Break-even: never at this rate

Slippage unknown: Derive: no order-book sample; Gate: live order book, 2 min ago. Net counts fees only.

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 Derive no order-book sample	—	—	—	—	—
Sell Gate live order book, 2 min ago	0.32 bp	8.4 bp −$8	10.3 bp −$103	27.2 bp −$2,716	55.9 bp −$27.9K

Derive: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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 −0.0192% / S +0.0356%	1h	784.91	−0.024%	$46K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	785.20	+0.013%	$4K	$42	25x	as long as short
StandX BNB-USD	0.0000%	1h	785.53	+0.055%	$847K	$3.0M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	784.92	−0.022%	$9.5M	—	150x	as long as short
Aster BNBUSDT	+0.0029%	8h	785.41	+0.040%	$6.1M	$19.0M	200x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.547%	$19K	$789K	30x	as long as short
BingX BNB-USDC	+0.0041%	8h	785.44	+0.044%	—	$13.4M	—	as long as short
Phemex BNBUSDT	+0.0049%	8h	785.30	+0.026%	$68.7M	$50.7M	50x	as long as short
MEXC BNB_USDT	+0.0052%	8h	785.40	+0.039%	$79.6M	$11.9M	200x	as long as short
Binance BNBUSDT	+0.0053%	8h	785.31	+0.028%	$488.8M	$808.4M	75x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_BNBUSD	+0.0069%	1h	784.65	−0.056%	$2.5M	$1.2M	50x	as long as short
Coinbase International BNB-PERP-INTX	+0.0080%	1h	786.23	+0.145%	$576K	$1.9M	50x	as long as short
Lighter BNB	+0.0096%	1h	784.94	−0.020%	$2.7M	$3.8M	20x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	785.01	−0.011%	$264K	$490K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	785.15	+0.007%	$1.4M	$2.7M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	785.58	+0.062%	$51.6M	$17.5M	10x	as long as short
Pacifica BNB	+0.0100%	1h	785.34	+0.031%	$1.2M	$933K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	784.67	−0.054%	$137.8M	$74.5M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	784.30	−0.101%	$53.2M	$112.1M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	785.40	+0.039%	$52K	$129K	10x	as long as short
Gate BNB_USDTshort	+0.0100%	8h	785.05	−0.006%	$36.3M	$58.5M	75x
KuCoin BNBUSDTM	+0.0100%	8h	784.44	−0.083%	$27.5M	$10.2M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	784.39	−0.090%	$75.9M	$30.7M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	785.61	+0.066%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	786.03	+0.119%	$4.0M	$4.9M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	787.21	+0.269%	$4.1M	$75.0M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	786.79	+0.216%	$158K	$438K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	785.05	−0.006%	$131K	$952K	10x	as long as short
Derive BNB-PERPlong	+0.0100%	1h	785.10	long leg	$31K	$12K	10x
SunX BNB-USDT	+0.0100%	8h	785.88	+0.100%	$12K	$1.5M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	784.90	−0.025%	$386K	$994K	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	784.86	−0.030%	$8.0M	$10.0M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	785.60	+0.065%	$76K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	784.59	−0.065%	$1.8M	$6.3M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	785.13	+0.004%	$377K	$110K	10x	as long as short
Phoenix BNB	+0.0107%	1h	785.73	+0.081%	$169K	$35K	10x	as long as short
dYdX BNB-USD	+0.0116%	1h	784.98	−0.014%	$159K	$61K	10x	as long as short
Kalshi KXBNBPERP	+0.0139%	8h	785.10	+0.001%	$141K	$2.7M	4.8x	as long as short
BloFin BNB-USDT	+0.0173%	8h	785.44	+0.044%	$17.7M	$2.2M	75x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0200%	1h	785.32	+0.028%	$1.5M	$143K	25x	as long as short
GRVT BNB_USDT_Perp	+0.0205%	8h	786.66	+0.199%	$2.9M	$29.3M	10x	as long as short
01 Exchange BNBUSD	+0.0288%	1h	785.77	+0.086%	$28K	$4K	10x	as long as short
Bulk BNB-USD	+0.0298%	1h	785.69	+0.076%	$637K	$4K	10x	as long as short
Reya BNBRUSDPERP	+0.0323%	1h	784.81	−0.036%	$6K	$3K	40x	as long as short
RISEx BNB/USDC	+0.0432%	1h	785.54	+0.057%	$1.1M	$909K	20x	as long as short
Hibachi BNB/USDT-P	+0.0488%	1h	785.56	+0.059%	$67K	$39K	12x	as long as short