Funding you earn now, next payment 23:00 UTC+0.0459%/8h= +50.3% APRpaid last 24h +0.032%
Price spread now: Backpack against Gate+0.140%7-day average +0.137% · you sell dearer than you buy
Net, funding: paid 7d − costs−$14as in the Funding arb table
Net, price: spread back to 7d avg − costs−$30as in the Price arb table
costs, in and out, $10k−$300.299% of the position
Funding, last 7 days+0.162%+$16 on $10k
+Price spread, last 7 days−0.164%−$16 · spread now +0.140%, 7d avg +0.137%
=The price spread sits at its 7-day average of +0.137%, so right now this pair is about funding alone: +$14 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.162% in total (about 8.5% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate BNB_USDT | 799.65 | 0.0100 | pay 0.0100% / 8h | 1h 03m | $35.7M | $59.1M | 75x |
| Short | Backpack BNB_USDC_PERP | 800.77 | 0.0559 | get 0.0070% / 1h | 3m 05s | $2.7M | $5.7M | 40x |
Gate BNB_USDT
Backpack BNB_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against Gate. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $96.46
- Price spread: +0.140% → +0.137%
- $0.36
- Slippage, 4 orders
- −$4.91
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- $66.9
- Costs to cover
- 0.299%
- Break-even
- 2.1 days
Slippage from Gate: live order book, 1 min ago; Backpack: live order book, 1 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 Gate live order book, 1 min ago | 0.63 bp | 10.0 bp −$10 | 13.1 bp −$131 | 25.6 bp −$2,562 | 51.2 bp −$25.6K |
| Sell Backpack live order book, 1 min ago | 0.06 bp | 5.4 bp −$5 | 7.1 bp −$71 | doesn't fit | doesn't fit |
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 | 799.73 | +0.010% | $47K | — | 200x | as long as short |
| Hotstuff BNB-PERP | −0.0080% | 1h | 800.40 | +0.094% | $4K | $1K | 25x | as long as short |
| GRVT BNB_USDT_Perp | 0.0000% | 8h | 800.22 | +0.072% | $3.0M | $28.5M | 10x | as long as short |
| StandX BNB-USD | 0.0000% | 1h | 800.91 | +0.158% | $866K | $2.9M | 30x | as long as short |
| gTrade (Gains Network) BNB/USD | L +0.0008% / S −0.0007% | 1h | 799.76 | +0.014% | $9.7M | — | 150x | as long as short |
| Variational Omni BNB | +0.0028% | 8h | 798.74 | −0.114% | $4.2M | $5.4M | — | as long as short |
| BingX BNB-USDT | +0.0052% | 8h | 800.09 | +0.055% | — | $34.8M | — | as long as short |
| Bybit BNBUSDT | +0.0066% | 8h | 799.70 | +0.006% | $139.0M | $78.7M | 75x | as long as short |
| Lighter BNB | +0.0096% | 1h | 800.27 | +0.077% | $2.8M | $4.2M | 20x | as long as short |
| Coinbase International BNB-PERP-INTX | +0.0096% | 1h | 799.17 | −0.060% | $605K | $994K | 50x | as long as short |
GMX BNB/USD [WBTC.b-USDC]
Hotstuff BNB-PERP
GRVT BNB_USDT_Perp
StandX BNB-USD
gTrade (Gains Network) BNB/USD
Variational Omni BNB
BingX BNB-USDT
Bybit BNBUSDT
Lighter BNB
Coinbase International BNB-PERP-INTXShow all 46 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster BNBUSDT | +0.0097% | 8h | 800.56 | +0.114% | $6.3M | $18.9M | 200x | as long as short |
| Nado BNB-PERP | +0.0100% | 1h | 799.63 | −0.003% | $1.4M | $2.7M | 20x | as long as short |
| Pacifica BNB | +0.0100% | 1h | 800.41 | +0.095% | $1.2M | $926K | 20x | as long as short |
| OKX BNB-USDT-SWAP | +0.0100% | 8h | 799.70 | +0.006% | $54.7M | $113.7M | 50x | as long as short |
| Arcus BNB-USD | +0.0100% | 1h | 800.60 | +0.119% | $53K | $151K | 10x | as long as short |
| Gate BNB_USDTlong | +0.0100% | 8h | 799.65 | long leg | $35.7M | $59.1M | 75x | |
| KuCoin BNBUSDTM | +0.0100% | 8h | 799.84 | +0.024% | $28.0M | $10.3M | 75x | as long as short |
| Bitget BNBUSDT | +0.0100% | 8h | 799.76 | +0.014% | $80.7M | $26.6M | 75x | as long as short |
| edgeX BNBUSDC | +0.0100% | 4h | 800.20 | +0.069% | $4.2M | $77.6M | 30x | as long as short |
| ApeX Omni BNBUSDT | +0.0100% | 1h | 800.21 | +0.070% | $161K | $442K | 50x | as long as short |
| Polymarket Perps BNB-USD | +0.0100% | 1h | 799.80 | +0.019% | $121K | $872K | 10x | as long as short |
| Orderly PERP_BNB_USDC | +0.0100% | 8h | 799.77 | +0.015% | $386K | $489K | 50x | as long as short |
| Derive BNB-PERP | +0.0100% | 1h | 799.95 | +0.038% | $32K | $5K | 10x | as long as short |
| SunX BNB-USDT | +0.0100% | 8h | 800.81 | +0.145% | $13K | $1.7M | 50x | as long as short |
| SoDEX BNB-USD | +0.0100% | 1h | 800.10 | +0.056% | $393K | $1.0M | 10x | as long as short |
| HTX BNB-USDT | +0.0100% | 8h | 799.91 | +0.033% | $8.2M | $7.9M | 75x | as long as short |
| Paradex BNB-USD-PERP | +0.0100% | 8h | 800.79 | +0.143% | $78K | $19K | 50x | as long as short |
| Extended BNB-USD | +0.0104% | 1h | 799.55 | −0.012% | $1.9M | $6.3M | 50x | as long as short |
| Aevo BNB-PERP | +0.0104% | 1h | 800.05 | +0.050% | $384K | $40K | 10x | as long as short |
| Kalshi KXBNBPERP | +0.0112% | 8h | 800.50 | +0.106% | $110K | $2.9M | 4.8x | as long as short |
| Phemex BNBUSDT | +0.0116% | 8h | 800.43 | +0.098% | $70.0M | $51.1M | 50x | as long as short |
| MEXC BNB_USDT | +0.0117% | 8h | 801.10 | +0.181% | $83.2M | $13.9M | 200x | as long as short |
| Binance BNBUSDT | +0.0118% | 8h | 800.65 | +0.125% | $500.8M | $818.3M | 75x | as long as short |
| Phoenix BNB | +0.0155% | 1h | 800.03 | +0.048% | $172K | $35K | 10x | as long as short |
| Deribit BNB_USDC-PERPETUAL | +0.0200% | 1h | 800.24 | +0.074% | $1.6M | $165K | 25x | as long as short |
| Kraken Futures PF_BNBUSD | +0.0207% | 1h | 799.92 | +0.033% | $2.6M | $965K | 50x | as long as short |
| Hibachi BNB/USDT-P | +0.0232% | 1h | 799.87 | +0.028% | $71K | $48K | 12x | as long as short |
| BloFin BNB-USDT | +0.0238% | 8h | 800.91 | +0.158% | $18.3M | $2.5M | 75x | as long as short |
| Bulk BNB-USD | +0.0298% | 1h | 800.20 | +0.069% | $650K | $21K | 10x | as long as short |
| Injective BNB/USDC PERP | +0.0311% | 1h | 805.09 | +0.680% | $19K | $789K | 30x | as long as short |
| Hyperliquid BNB | +0.0317% | 1h | 800.74 | +0.136% | $51.8M | $21.6M | 10x | as long as short |
| RISEx BNB/USDC | +0.0318% | 1h | 800.38 | +0.091% | $1.1M | $1.4M | 20x | as long as short |
| 01 Exchange BNBUSD | +0.0320% | 1h | 800.83 | +0.148% | $28K | $1K | 10x | as long as short |
| Reya BNBRUSDPERP | +0.0332% | 1h | 799.45 | −0.025% | $6K | $3K | 40x | as long as short |
| dYdX BNB-USD | +0.0361% | 1h | 799.99 | +0.042% | $161K | $62K | 10x | as long as short |
| Backpack BNB_USDC_PERPshort | +0.0559% | 1h | 800.77 | +0.140% | $2.7M | $5.7M | 40x |
Aster BNBUSDT
Nado BNB-PERP
Pacifica BNB
OKX BNB-USDT-SWAP
Arcus BNB-USD
KuCoin BNBUSDTM
Bitget BNBUSDT
edgeX BNBUSDC
ApeX Omni BNBUSDT
Polymarket Perps BNB-USD
Orderly PERP_BNB_USDC
Derive BNB-PERP
SunX BNB-USDT
SoDEX BNB-USD
HTX BNB-USDT
Paradex BNB-USD-PERP
Extended BNB-USD
Aevo BNB-PERP
Kalshi KXBNBPERP
Phemex BNBUSDT
MEXC BNB_USDT
Binance BNBUSDT
Phoenix BNB
Deribit BNB_USDC-PERPETUAL
Kraken Futures PF_BNBUSD
Hibachi BNB/USDT-P
BloFin BNB-USDT
Bulk BNB-USD
Injective BNB/USDC PERP
Hyperliquid BNB
RISEx BNB/USDC
01 Exchange BNBUSD
Reya BNBRUSDPERP
dYdX BNB-USD