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

BNB

all BNB markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0093%/8h= +10.1% APRpaid last 24h +0.028%
Price spread now: KuCoin against gTrade (Gains Network)−0.002%60s7-day average +0.004% · you buy dearer than you sell
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$2922.924% of the position
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.085%+$8 on $10k
Price spread, last 7 days−0.006%−$1 · spread now −0.002%, 7d avg +0.004%
Together, before fees+0.078%+$8 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.004%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate. The two prices were read 60 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LonggTrade (Gains Network) BNB/USD783.78L +0.0007% / S −0.0007%pay 0.0001% / 1h20m 25s$9.4M150x
ShortKuCoin BNBUSDTM783.760.0100get 0.0100% / 8h20m 25s$27.6M$10.2M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin against gTrade (Gains Network). 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
$19.43
Price spread: −0.002% → +0.004%
−$0.59
Slippage, 4 orders
−$270.39
Fee gTrade (Gains Network): 5 bp × 2 orders
−$10
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$273.56
Costs to cover
2.924%
Break-even
105.6 days
Slippage from gTrade (Gains Network): virtual book (oracle venue), 4 min ago; KuCoin: live order book, 8 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 gTrade (Gains Network) virtual book (oracle venue), 4 min ago130.01 bp135.0 bp −$135135.0 bp −$1,350416.8 bp −$41.7K2253.7 bp −$1.13M
Sell KuCoin live order book, 8 min ago0.64 bp10.1 bp −$1016.6 bp −$16642.3 bp −$4,230doesn't fit

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 −0.0168% / S +0.0337%1h783.780.000%$43K200xas long as short
Hotstuff BNB-PERP−0.0080%1h784.42+0.082%$4K$4225xas long as short
Kraken Futures PF_BNBUSD−0.0050%1h783.73−0.007%$2.5M$1.2M50xas long as short
Kalshi KXBNBPERP0.0000%8h784.50+0.092%$171K$2.7M4.8xas long as short
StandX BNB-USD0.0000%1h784.69+0.116%$846K$2.7M30xas long as short
gTrade (Gains Network) BNB/USDlongL +0.0007% / S −0.0007%1h783.78long leg$9.4M150x
Injective BNB/USDC PERP+0.0033%1h805.09+2.719%$19K$789K30xas long as short
Aster BNBUSDT+0.0034%8h784.43+0.083%$6.0M$18.8M200xas long as short
BingX BNB-USDC+0.0039%8h784.04+0.033%$13.4Mas long as short
MEXC BNB_USDT+0.0048%8h785.10+0.169%$80.8M$12.0M200xas long as short
Show all 46 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance BNBUSDT+0.0049%8h784.67+0.114%$487.3M$819.7M75xas long as short
Phemex BNBUSDT+0.0074%8h784.28+0.064%$68.5M$51.2M50xas long as short
Lighter BNB+0.0096%1h783.99+0.027%$2.7M$3.8M20xas long as short
Phoenix BNB+0.0100%1h784.53+0.096%$161K$35K10xas long as short
Nado BNB-PERP+0.0100%1h783.60−0.023%$1.3M$2.7M20xas long as short
Hyperliquid BNB+0.0100%1h784.79+0.129%$51.4M$17.6M10xas long as short
Pacifica BNB+0.0100%1h784.08+0.038%$1.2M$937K20xas long as short
Bybit BNBUSDT+0.0100%8h783.90+0.015%$137.9M$74.4M75xas long as short
OKX BNB-USDT-SWAP+0.0100%8h783.90+0.015%$53.3M$112.3M50xas long as short
Arcus BNB-USD+0.0100%1h784.20+0.054%$52K$125K10xas long as short
Gate BNB_USDT+0.0100%8h784.00+0.028%$38.2M$58.4M75xas long as short
KuCoin BNBUSDTMshort+0.0100%8h783.76−0.002%$27.6M$10.2M75x
Bitget BNBUSDT+0.0100%8h783.77−0.001%$75.2M$32.6M75xas long as short
Backpack BNB_USDC_PERP+0.0100%1h784.15+0.047%$2.2M$6.1M40xas long as short
Variational Omni BNB+0.0100%8h783.41−0.047%$4.0M$4.7Mas long as short
edgeX BNBUSDC+0.0100%4h783.84+0.008%$4.1M$76.5M30xas long as short
ApeX Omni BNBUSDT+0.0100%1h784.61+0.106%$158K$437K50xas long as short
Polymarket Perps BNB-USD+0.0100%1h784.11+0.042%$131K$944K10xas long as short
Orderly PERP_BNB_USDC+0.0100%8h784.12+0.044%$264K$388K50xas long as short
Derive BNB-PERP+0.0100%1h784.17+0.049%$31K$12K10xas long as short
SunX BNB-USDT+0.0100%8h784.33+0.070%$12K$1.5M50xas long as short
SoDEX BNB-USD+0.0100%1h783.90+0.015%$385K$967K10xas long as short
HTX BNB-USDT+0.0100%8h784.34+0.072%$8.0M$10.4M75xas long as short
Paradex BNB-USD-PERP+0.0100%8h784.48+0.090%$78K$17K50xas long as short
dYdX BNB-USD+0.0103%1h783.56−0.028%$159K$62K10xas long as short
Extended BNB-USD+0.0104%1h783.54−0.030%$1.8M$5.8M50xas long as short
Aevo BNB-PERP+0.0104%1h784.14+0.046%$377K$110K10xas long as short
Coinbase International BNB-PERP-INTX+0.0104%1h784.48+0.089%$546K$1.9M50xas long as short
BloFin BNB-USDT+0.0169%8h784.71+0.119%$17.7M$2.2M75xas long as short
Deribit BNB_USDC-PERPETUAL+0.0200%1h784.17+0.050%$1.5M$141K25xas long as short
Bulk BNB-USD+0.0208%1h785.53+0.223%$637K$83110xas long as short
GRVT BNB_USDT_Perp+0.0217%8h784.62+0.107%$2.9M$28.4M10xas long as short
01 Exchange BNBUSD+0.0248%1h784.69+0.116%$28K$4K10xas long as short
Reya BNBRUSDPERP+0.0320%1h783.70−0.010%$6K$3K40xas long as short
RISEx BNB/USDC+0.0350%1h784.29+0.065%$1.1M$906K20xas long as short
Hibachi BNB/USDT-P+0.0456%1h784.12+0.044%$67K$39K12xas long as short