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

BNB

all BNB markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC+0.0092%/8h= +10.1% APRpaid last 24h +0.027%
Price spread now: Orderly against gTrade (Gains Network)+0.020%7-day average +0.038% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.081%+$8 on $10k
Price spread, last 3 days (all we have)−0.051%−$5 · spread now +0.020%, 7d avg +0.038%
Together, before fees+0.030%+$3 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.038%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LonggTrade (Gains Network) BNB/USD805.68L +0.0008% / S −0.0007%pay 0.0001% / 1h26m 17s$9.8M150x
ShortOrderly PERP_BNB_USDC805.840.0100get 0.0100% / 8h2h 26m$389K$593K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Orderly 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
$19.35
Price spread: +0.020% → +0.038%
−$1.78
Slippage, 4 orders
no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders
−$10
Fee Orderly: 3 bp × 2 orders
−$6
Net
$1.57
Costs to cover
0.160%
Break-even
6.4 days
Slippage unknown: gTrade (Gains Network): virtual book (oracle venue), 3 min ago; Orderly: no order-book sample. Net counts fees only.

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), 3 min ago130.00 bp135.0 bp −$135135.0 bp −$1,350416.8 bp −$41.7K2253.7 bp −$1.13M
Sell Orderly no order-book sample
Orderly: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GMX BNB/USD [WBTC.b-USDC]L −0.0195% / S +0.0371%1h805.63−0.006%$49K200xas long as short
Hotstuff BNB-PERP−0.0080%1h805.10−0.072%$4K$1K25xas long as short
GRVT BNB_USDT_Perp0.0000%8h804.60−0.134%$3.0M$29.3M10xas long as short
Kalshi KXBNBPERP0.0000%8h805.30−0.047%$112K$2.5M4.8xas long as short
StandX BNB-USD0.0000%1h804.43−0.155%$869K$2.9M30xas long as short
gTrade (Gains Network) BNB/USDlongL +0.0008% / S −0.0007%1h805.68long leg$9.8M150x
Kraken Futures PF_BNBUSD+0.0038%1h805.82+0.017%$2.5M$908K50xas long as short
Variational Omni BNB+0.0049%8h803.71−0.244%$4.0M$5.4Mas long as short
BingX BNB-USDC+0.0053%8h805.78+0.012%$13.3Mas long as short
Bybit BNBUSDT+0.0075%8h805.38−0.037%$139.7M$82.5M75xas long as short
Show all 46 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Coinbase International BNB-PERP-INTX+0.0088%1h804.80−0.109%$609K$879K50xas long as short
Aster BNBUSDT+0.0092%8h806.21+0.066%$6.4M$18.8M200xas long as short
Lighter BNB+0.0096%1h806.02+0.042%$2.8M$4.2M20xas long as short
Nado BNB-PERP+0.0100%1h805.20−0.060%$1.4M$2.8M20xas long as short
Pacifica BNB+0.0100%1h805.680.000%$1.2M$923K20xas long as short
OKX BNB-USDT-SWAP+0.0100%8h805.70+0.002%$55.2M$115.9M50xas long as short
Arcus BNB-USD+0.0100%1h805.80+0.015%$53K$165K10xas long as short
Gate BNB_USDT+0.0100%8h805.50−0.022%$35.9M$58.5M75xas long as short
KuCoin BNBUSDTM+0.0100%8h805.30−0.047%$28.2M$10.5M75xas long as short
Bitget BNBUSDT+0.0100%8h805.39−0.036%$79.3M$24.5M75xas long as short
edgeX BNBUSDC+0.0100%4h804.62−0.132%$4.2M$76.9M30xas long as short
ApeX Omni BNBUSDT+0.0100%1h804.73−0.118%$159K$438K50xas long as short
Polymarket Perps BNB-USD+0.0100%1h805.39−0.036%$119K$868K10xas long as short
Orderly PERP_BNB_USDCshort+0.0100%8h805.84+0.020%$389K$593K50x
Derive BNB-PERP+0.0100%1h805.94+0.032%$32K$5K10xas long as short
SunX BNB-USDT+0.0100%8h806.19+0.064%$13K$1.7M50xas long as short
HTX BNB-USDT+0.0100%8h805.12−0.070%$8.2M$7.4M75xas long as short
Paradex BNB-USD-PERP+0.0100%8h806.16+0.060%$79K$19K50xas long as short
Extended BNB-USD+0.0104%1h805.45−0.029%$1.9M$6.1M50xas long as short
Aevo BNB-PERP+0.0104%1h805.91+0.029%$387K$40K10xas long as short
MEXC BNB_USDT+0.0108%8h806.50+0.102%$84.6M$13.6M200xas long as short
Binance BNBUSDT+0.0109%8h806.41+0.091%$520.7M$803.7M75xas long as short
Phemex BNBUSDT+0.0124%8h806.38+0.087%$70.4M$51.8M50xas long as short
Phoenix BNB+0.0125%1h804.63−0.130%$173K$35K10xas long as short
Hyperliquid BNB+0.0170%1h806.19+0.063%$51.8M$21.3M10xas long as short
SoDEX BNB-USD+0.0196%1h805.80+0.015%$396K$1.0M10xas long as short
Bulk BNB-USD+0.0197%1h804.34−0.166%$650K$11K10xas long as short
Deribit BNB_USDC-PERPETUAL+0.0200%1h806.36+0.084%$1.6M$165K25xas long as short
RISEx BNB/USDC+0.0209%1h805.79+0.013%$1.1M$1.4M20xas long as short
BloFin BNB-USDT+0.0229%8h805.82+0.017%$18.8M$3.1M75xas long as short
Hibachi BNB/USDT-P+0.0240%1h804.39−0.160%$71K$48K12xas long as short
dYdX BNB-USD+0.0267%1h805.64−0.005%$170K$55K10xas long as short
Reya BNBRUSDPERP+0.0334%1h805.21−0.058%$6K$3K40xas long as short
01 Exchange BNBUSD+0.0336%1h806.41+0.090%$29K$1K10xas long as short
Injective BNB/USDC PERP+0.0353%1h804.89−0.098%$19K$627K30xas long as short
Backpack BNB_USDC_PERP+0.0650%1h806.25+0.071%$3.0M$5.5M40xas long as short