Settings8H · net · $10k
Funding arb · Price arb /

BNB

all BNB markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC−0.0242%/8h= −26.5% APRpaid last 24h −0.104%
Price spread now: Gate against dYdX+0.008%7-day average −0.015% · you sell dearer than you buy
Net, funding: paid 7d − costs−$105as in the Funding arb table
Net, price: spread back to 7d avg − costs−$55as in the Price arb table
costs, in and out, $10k−$570.571% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.477%−$48 on $10k
Price spread, last 4 days (all we have)−0.022%−$2 · spread now +0.008%, 7d avg −0.015%
Together, before fees−0.500%−$50 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Gate is 0.023% dearer against dYdX than usual: you sell high and buy low (spread +0.008% now, against its 7-day average of −0.015%): +$2 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 8 hours.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongdYdX BNB-USD798.040.0342pay 0.0043% / 1h9m 09s$161K$63K10x
ShortGate BNB_USDT798.100.0100get 0.0100% / 8h9m 09s$35.7M$58.5M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Gate against dYdX. 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
−$50.85
Price spread: +0.008% → −0.015%
$2.3
Slippage, 4 orders
−$32.14
Fee dYdX: 5 bp × 2 orders
−$10
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$105.68
Costs to cover
0.571%
Break-even
never at this rate
Slippage from dYdX: 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
LegHalf-spread$10k$100k$1M$5M
Buy dYdX live order book, 5 min ago9.69 bp16.2 bp −$1622.8 bp −$22830.3 bp −$3,03197.5 bp −$48.7K
Sell Gate live order book, 5 min ago0.31 bp8.7 bp −$910.8 bp −$10826.9 bp −$2,69158.1 bp −$29.1K

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 −0.0201% / S +0.0372%1h798.38+0.044%$47K200xas long as short
Hotstuff BNB-PERP−0.0080%1h798.89+0.107%$4K$1K25xas long as short
Kraken Futures PF_BNBUSD−0.0074%1h798.07+0.004%$2.5M$974K50xas long as short
GRVT BNB_USDT_Perp0.0000%8h798.45+0.052%$3.0M$27.9M10xas long as short
StandX BNB-USD0.0000%1h798.86+0.103%$863K$2.9M30xas long as short
gTrade (Gains Network) BNB/USDL +0.0008% / S −0.0007%1h798.41+0.047%$9.7M150xas long as short
Variational Omni BNB+0.0008%8h797.53−0.063%$4.0M$5.4Mas long as short
BingX BNB-USDC+0.0033%8h798.34+0.038%$13.4Mas long as short
Bybit BNBUSDT+0.0037%8h797.90−0.017%$138.5M$76.8M75xas long as short
Coinbase International BNB-PERP-INTX+0.0072%1h798.14+0.013%$601K$984K50xas long as short
Show all 46 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster BNBUSDT+0.0082%8h798.80+0.096%$6.2M$19.1M200xas long as short
Lighter BNB+0.0096%1h798.38+0.043%$2.8M$4.1M20xas long as short
Phemex BNBUSDT+0.0098%8h798.74+0.088%$69.9M$50.6M50xas long as short
Nado BNB-PERP+0.0100%1h797.87−0.020%$1.4M$2.7M20xas long as short
Pacifica BNB+0.0100%1h798.36+0.040%$1.2M$925K20xas long as short
OKX BNB-USDT-SWAP+0.0100%8h797.90−0.017%$54.3M$112.6M50xas long as short
Arcus BNB-USD+0.0100%1h798.40+0.046%$52K$133K10xas long as short
Gate BNB_USDTshort+0.0100%8h798.10+0.008%$35.7M$58.5M75x
KuCoin BNBUSDTM+0.0100%8h798.12+0.011%$28.0M$10.2M75xas long as short
Bitget BNBUSDT+0.0100%8h797.97−0.008%$79.0M$27.5M75xas long as short
edgeX BNBUSDC+0.0100%4h798.97+0.117%$4.1M$76.2M30xas long as short
ApeX Omni BNBUSDT+0.0100%1h799.19+0.145%$161K$438K50xas long as short
Polymarket Perps BNB-USD+0.0100%1h798.20+0.021%$116K$874K10xas long as short
Orderly PERP_BNB_USDC+0.0100%8h798.24+0.026%$386K$494K50xas long as short
Derive BNB-PERP+0.0100%1h798.45+0.052%$32K$5K10xas long as short
SunX BNB-USDT+0.0100%8h798.72+0.085%$13K$1.7M50xas long as short
SoDEX BNB-USD+0.0100%1h798.40+0.046%$393K$1.0M10xas long as short
Deribit BNB_USDC-PERPETUAL+0.0100%1h798.76+0.091%$1.6M$165K25xas long as short
HTX BNB-USDT+0.0100%8h798.55+0.065%$8.2M$8.0M75xas long as short
Paradex BNB-USD-PERP+0.0100%8h798.68+0.081%$78K$19K50xas long as short
Binance BNBUSDT+0.0103%8h798.67+0.080%$497.5M$817.9M75xas long as short
MEXC BNB_USDT+0.0103%8h799.10+0.133%$83.0M$13.6M200xas long as short
Extended BNB-USD+0.0104%1h797.94−0.011%$1.7M$6.5M50xas long as short
Aevo BNB-PERP+0.0104%1h798.44+0.051%$384K$40K10xas long as short
Phoenix BNB+0.0127%1h799.20+0.146%$172K$36K10xas long as short
Kalshi KXBNBPERP+0.0145%8h798.90+0.108%$90K$2.9M4.8xas long as short
Hibachi BNB/USDT-P+0.0160%1h798.59+0.069%$70K$43K12xas long as short
Bulk BNB-USD+0.0191%1h798.83+0.099%$649K$17K10xas long as short
BloFin BNB-USDT+0.0223%8h798.84+0.101%$18.1M$2.5M75xas long as short
Hyperliquid BNB+0.0232%1h799.08+0.131%$52.4M$20.8M10xas long as short
RISEx BNB/USDC+0.0258%1h798.15+0.015%$1.1M$1.4M20xas long as short
01 Exchange BNBUSD+0.0272%1h798.61+0.072%$28K$1K10xas long as short
Injective BNB/USDC PERP+0.0306%1h805.09+0.884%$19K$789K30xas long as short
Reya BNBRUSDPERP+0.0331%1h797.79−0.031%$6K$3K40xas long as short
dYdX BNB-USDlong+0.0342%1h798.04long leg$161K$63K10x
Backpack BNB_USDC_PERP+0.0343%1h798.98+0.118%$2.7M$5.7M40xas long as short