Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0200%/8h= +21.9% APRpaid last 24h +0.017%

Price spread now: Deribit against Gate+0.057%7-day average +0.058% · you sell dearer than you buy

Net, funding: paid 7d − costs−$20as in the Funding arb table

Net, price: spread back to 7d avg − costs−$37as in the Price arb table

costs, in and out, $10k−$370.369% of the position

Long on Gate Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.170%+$17 on $10k

Price spread, last 3 days (all we have)−0.073%−$7 · spread now +0.057%, 7d avg +0.058%

Together, before fees+0.097%+$10 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.058%, so right now this pair is about funding alone: +$6 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate BNB_USDT	801.90	0.0100	pay 0.0100% / 8h	58m 19s	$35.8M	$57.3M	75x
Short	Deribit BNB_USDC-PERPETUAL	802.36	0.0300	get 0.0037% / 1h	58m 19s	$1.6M	$165K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now +0.057%Rate

Funding earned: $42
Price spread: +0.057% → +0.058%: −$0.08
Slippage, 4 orders: −$14.95
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: $4.97
Costs to cover: 0.369%
Break-even: 6.2 days

Slippage from Gate: live order book, 6 min ago; Deribit: 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, 6 min ago	0.63 bp	10.0 bp −$10	13.1 bp −$131	25.6 bp −$2,562	51.2 bp −$25.6K
Sell Deribit live order book, 1 min ago	2.56 bp	10.0 bp −$10	14.8 bp −$148	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	801.85	−0.006%	$48K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	802.08	+0.022%	$4K	$1K	25x	as long as short
Kraken Futures PF_BNBUSD	−0.0074%	1h	801.59	−0.039%	$2.6M	$969K	50x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	800.99	−0.114%	$3.0M	$28.4M	10x	as long as short
StandX BNB-USD	0.0000%	1h	802.01	+0.014%	$867K	$2.9M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	801.90	0.000%	$9.8M	—	150x	as long as short
Variational Omni BNB	+0.0031%	8h	800.04	−0.232%	$4.2M	$5.4M	—	as long as short
BingX BNB-USDT	+0.0052%	8h	802.03	+0.016%	—	$34.8M	—	as long as short
Bybit BNBUSDT	+0.0066%	8h	801.70	−0.025%	$139.3M	$78.6M	75x	as long as short
Coinbase International BNB-PERP-INTX	+0.0072%	1h	800.72	−0.147%	$607K	$998K	50x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter BNB	+0.0096%	1h	802.05	+0.019%	$2.8M	$4.1M	20x	as long as short
Nado BNB-PERP	+0.0100%	1h	801.96	+0.008%	$1.4M	$2.7M	20x	as long as short
Pacifica BNB	+0.0100%	1h	802.00	+0.012%	$1.2M	$926K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	801.80	−0.012%	$54.8M	$113.9M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	802.50	+0.075%	$53K	$134K	10x	as long as short
Gate BNB_USDTlong	+0.0100%	8h	801.90	long leg	$35.8M	$57.3M	75x
KuCoin BNBUSDTM	+0.0100%	8h	802.03	+0.016%	$28.0M	$10.3M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	801.51	−0.049%	$79.7M	$27.3M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	800.55	−0.168%	$4.2M	$77.7M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	800.56	−0.167%	$161K	$442K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	802.24	+0.042%	$119K	$874K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	801.93	+0.004%	$388K	$489K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	802.07	+0.021%	$32K	$5K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	802.22	+0.040%	$13K	$1.7M	50x	as long as short
HTX BNB-USDT	+0.0100%	8h	800.97	−0.116%	$8.2M	$7.9M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	802.56	+0.083%	$78K	$19K	50x	as long as short
Aster BNBUSDT	+0.0100%	8h	802.58	+0.085%	$6.4M	$18.9M	200x	as long as short
Extended BNB-USD	+0.0104%	1h	801.42	−0.060%	$1.9M	$6.3M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	802.18	+0.035%	$385K	$40K	10x	as long as short
Phemex BNBUSDT	+0.0114%	8h	801.43	−0.059%	$70.1M	$51.0M	50x	as long as short
Kalshi KXBNBPERP	+0.0117%	8h	801.10	−0.100%	$109K	$2.9M	4.8x	as long as short
MEXC BNB_USDT	+0.0120%	8h	803.00	+0.137%	$83.4M	$13.5M	200x	as long as short
Binance BNBUSDT	+0.0121%	8h	802.69	+0.099%	$502.3M	$819.1M	75x	as long as short
Phoenix BNB	+0.0155%	1h	800.77	−0.141%	$172K	$34K	10x	as long as short
BloFin BNB-USDT	+0.0241%	8h	801.83	−0.009%	$18.2M	$2.5M	75x	as long as short
Hibachi BNB/USDT-P	+0.0248%	1h	801.14	−0.095%	$71K	$48K	12x	as long as short
RISEx BNB/USDC	+0.0258%	1h	802.33	+0.054%	$1.1M	$1.4M	20x	as long as short
SoDEX BNB-USD	+0.0287%	1h	801.90	0.000%	$394K	$1.0M	10x	as long as short
Bulk BNB-USD	+0.0289%	1h	801.15	−0.094%	$651K	$20K	10x	as long as short
Deribit BNB_USDC-PERPETUALshort	+0.0300%	1h	802.36	+0.057%	$1.6M	$165K	25x
Injective BNB/USDC PERP	+0.0306%	1h	805.09	+0.398%	$19K	$789K	30x	as long as short
Reya BNBRUSDPERP	+0.0332%	1h	801.83	−0.009%	$6K	$3K	40x	as long as short
Hyperliquid BNB	+0.0366%	1h	803.02	+0.140%	$52.0M	$21.6M	10x	as long as short
Backpack BNB_USDC_PERP	+0.0412%	1h	802.31	+0.051%	$2.7M	$5.7M	40x	as long as short
01 Exchange BNBUSD	+0.0432%	1h	803.13	+0.153%	$28K	$1K	10x	as long as short
dYdX BNB-USD	+0.0465%	1h	801.56	−0.043%	$162K	$62K	10x	as long as short