Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.009%

Price spread now: Bybit against Gate−0.032%7-day average −0.016% · you buy dearer than you sell

Net, funding: paid 7d − costs−$37as in the Funding arb table

Net, price: spread back to 7d avg − costs−$33as in the Price arb table

costs, in and out, $10k−$320.319% of the position

Long on Gate Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.055%−$6 on $10k

Price spread, last 7 days+0.034%+$3 · spread now −0.032%, 7d avg −0.016%

Together, before fees−0.021%−$2 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate BNB_USDT	791.15	0.0100	pay 0.0100% / 8h	4h 56m	$35.5M	$56.4M	75x
Short	Bybit BNBUSDT	790.90	0.0100	get 0.0100% / 8h	4h 56m	$139.1M	$75.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Gate. 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 GatebpFee BybitbpOrdersPrice spread, now −0.032%Rate

Funding earned: $0
Price spread: −0.032% → −0.016%: −$1.59
Slippage, 4 orders: −$5.85
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$33.45
Costs to cover: 0.319%
Break-even: never at this rate

Slippage from Gate: live order book, 3 min ago; Bybit: live order book, 3 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, 3 min ago	0.32 bp	9.7 bp −$10	14.7 bp −$147	30.3 bp −$3,033	60.0 bp −$30.0K
Sell Bybit live order book, 3 min ago	0.63 bp	6.1 bp −$6	9.1 bp −$91	27.2 bp −$2,722	125.7 bp −$62.8K

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 −0.0182% / S +0.0347%	1h	791.08	−0.009%	$46K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	791.22	+0.009%	$4K	$42	25x	as long as short
StandX BNB-USD	0.0000%	1h	791.67	+0.066%	$856K	$3.1M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	791.13	−0.003%	$9.7M	—	150x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+1.762%	$19K	$789K	30x	as long as short
Aster BNBUSDT	+0.0047%	8h	791.90	+0.095%	$6.1M	$18.7M	200x	as long as short
BingX BNB-USDC	+0.0056%	8h	790.77	−0.048%	—	$13.4M	—	as long as short
Phemex BNBUSDT	+0.0058%	8h	791.78	+0.080%	$69.3M	$50.0M	50x	as long as short
Coinbase International BNB-PERP-INTX	+0.0064%	1h	790.64	−0.064%	$583K	$1.9M	50x	as long as short
Binance BNBUSDT	+0.0070%	8h	791.77	+0.078%	$494.1M	$790.1M	75x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC BNB_USDT	+0.0071%	8h	792.20	+0.133%	$80.5M	$12.1M	200x	as long as short
Lighter BNB	+0.0096%	1h	791.33	+0.022%	$2.8M	$3.8M	20x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	791.21	+0.008%	$266K	$498K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	790.50	−0.082%	$1.5M	$2.6M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	791.77	+0.078%	$52.0M	$17.6M	10x	as long as short
Pacifica BNB	+0.0100%	1h	791.26	+0.014%	$1.2M	$931K	20x	as long as short
Bybit BNBUSDTshort	+0.0100%	8h	790.90	−0.032%	$139.1M	$75.2M	75x
OKX BNB-USDT-SWAP	+0.0100%	8h	791.00	−0.019%	$53.5M	$111.8M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	791.30	+0.019%	$52K	$130K	10x	as long as short
Gate BNB_USDTlong	+0.0100%	8h	791.15	long leg	$35.5M	$56.4M	75x
KuCoin BNBUSDTM	+0.0100%	8h	791.06	−0.011%	$27.7M	$10.3M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	790.84	−0.039%	$76.6M	$30.3M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	791.65	+0.063%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	789.99	−0.147%	$4.1M	$4.6M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	790.75	−0.050%	$4.1M	$74.9M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	790.94	−0.027%	$159K	$441K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	791.16	+0.001%	$134K	$950K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	791.33	+0.022%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	791.55	+0.050%	$12K	$1.5M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	791.30	+0.019%	$389K	$1.0M	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	790.90	−0.031%	$8.1M	$9.3M	75x	as long as short
Paradex BNB-USD-PERP	+0.0101%	8h	791.79	+0.081%	$77K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	790.78	−0.047%	$1.8M	$5.9M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	791.04	−0.013%	$380K	$110K	10x	as long as short
Phoenix BNB	+0.0107%	1h	791.15	0.000%	$170K	$35K	10x	as long as short
dYdX BNB-USD	+0.0110%	1h	791.17	+0.002%	$160K	$64K	10x	as long as short
GRVT BNB_USDT_Perp	+0.0139%	8h	791.07	−0.010%	$3.0M	$28.0M	10x	as long as short
Kalshi KXBNBPERP	+0.0182%	8h	792.30	+0.145%	$113K	$2.7M	4.8x	as long as short
BloFin BNB-USDT	+0.0191%	8h	791.01	−0.018%	$18.2M	$2.2M	75x	as long as short
01 Exchange BNBUSD	+0.0224%	1h	791.68	+0.067%	$28K	$4K	10x	as long as short
Kraken Futures PF_BNBUSD	+0.0263%	1h	791.09	−0.008%	$2.5M	$1.2M	50x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	791.69	+0.068%	$1.5M	$143K	25x	as long as short
Reya BNBRUSDPERP	+0.0327%	1h	790.91	−0.031%	$6K	$3K	40x	as long as short
Bulk BNB-USD	+0.0338%	1h	790.78	−0.047%	$640K	$9K	10x	as long as short
RISEx BNB/USDC	+0.0461%	1h	791.53	+0.047%	$1.1M	$979K	20x	as long as short
Hibachi BNB/USDT-P	+0.0552%	1h	790.80	−0.044%	$68K	$38K	12x	as long as short