Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0149%/8h= +16.4% APRpaid last 24h +0.100%

Price spread now: dYdX against Gate+0.058%7-day average +0.015% · you sell dearer than you buy

Net, funding: paid 7d − costs−$16as in the Funding arb table

Net, price: spread back to 7d avg − costs−$59as in the Price arb table

costs, in and out, $10k−$630.633% of the position

Long on Gate Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.473%+$47 on $10k

Price spread, last 4 days (all we have)+0.087%+$9 · spread now +0.058%, 7d avg +0.015%

Together, before fees+0.561%+$56 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and dYdX is 0.043% dearer against Gate than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.015%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate BNB_USDT	788.50	0.0095	pay 0.0095% / 8h	5h 43m	$35.3M	$56.8M	75x
Short	dYdX BNB-USD	788.96	0.0244	get 0.0031% / 1h	43m 46s	$160K	$63K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX 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 dYdXbpOrdersPrice spread, now +0.058%Rate

Funding earned: $31.39
Price spread: +0.058% → +0.015%: $4.34
Slippage, 4 orders: −$38.28
Fee Gate: 7.5 bp × 2 orders: −$15
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$27.55
Costs to cover: 0.633%
Break-even: 13.1 days

Slippage from Gate: live order book, 5 min ago; dYdX: live order book, 20 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, 5 min ago	0.32 bp	10.8 bp −$11	13.3 bp −$133	29.1 bp −$2,915	59.9 bp −$29.9K
Sell dYdX live order book, 20 min ago	16.57 bp	21.6 bp −$22	59.3 bp −$593	91.8 bp −$9,176	335.1 bp −$167.5K

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 −0.0167% / S +0.0335%	1h	787.82	−0.087%	$46K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	788.62	+0.015%	$4K	$239	25x	as long as short
StandX BNB-USD	0.0000%	1h	788.83	+0.042%	$852K	$3.2M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	787.90	−0.076%	$9.6M	—	150x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.104%	$19K	$789K	30x	as long as short
Aster BNBUSDT	+0.0040%	8h	788.94	+0.056%	$6.2M	$18.7M	200x	as long as short
Coinbase International BNB-PERP-INTX	+0.0048%	1h	788.47	−0.004%	$619K	$1.8M	50x	as long as short
BingX BNB-USDC	+0.0055%	8h	788.55	+0.006%	—	$13.3M	—	as long as short
MEXC BNB_USDT	+0.0072%	8h	789.90	+0.178%	$80.3M	$12.4M	200x	as long as short
Binance BNBUSDT	+0.0073%	8h	789.67	+0.148%	$494.1M	$806.4M	75x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex BNBUSDT	+0.0078%	8h	788.62	+0.015%	$69.0M	$51.0M	50x	as long as short
Variational Omni BNB	+0.0078%	8h	787.81	−0.087%	$4.1M	$4.7M	—	as long as short
Kraken Futures PF_BNBUSD	+0.0091%	1h	788.20	−0.037%	$2.5M	$1.2M	50x	as long as short
Gate BNB_USDTlong	+0.0095%	8h	788.50	long leg	$35.3M	$56.8M	75x
Lighter BNB	+0.0096%	1h	789.15	+0.082%	$2.8M	$3.9M	20x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	788.18	−0.041%	$265K	$498K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	788.05	−0.057%	$1.5M	$2.6M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	789.51	+0.128%	$51.7M	$18.4M	10x	as long as short
Pacifica BNB	+0.0100%	1h	789.18	+0.086%	$1.2M	$909K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	788.82	+0.041%	$138.7M	$77.4M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	788.80	+0.038%	$53.5M	$112.5M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	789.20	+0.089%	$52K	$130K	10x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	788.72	+0.028%	$27.7M	$10.3M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	788.70	+0.025%	$76.9M	$30.0M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	788.71	+0.027%	$2.2M	$6.1M	40x	as long as short
edgeX BNBUSDC	+0.0100%	4h	788.59	+0.011%	$4.1M	$76.8M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	789.14	+0.081%	$159K	$439K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	788.12	−0.048%	$137K	$944K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	788.43	−0.009%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	788.84	+0.043%	$12K	$1.6M	50x	as long as short
HTX BNB-USDT	+0.0100%	8h	788.25	−0.031%	$8.1M	$9.1M	75x	as long as short
Paradex BNB-USD-PERP	+0.0103%	8h	789.71	+0.154%	$77K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	788.34	−0.020%	$1.8M	$5.9M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	788.31	−0.024%	$379K	$110K	10x	as long as short
Phoenix BNB	+0.0107%	1h	788.34	−0.020%	$169K	$35K	10x	as long as short
GRVT BNB_USDT_Perp	+0.0122%	8h	788.59	+0.012%	$2.9M	$28.3M	10x	as long as short
SoDEX BNB-USD	+0.0155%	1h	788.30	−0.025%	$388K	$1.0M	10x	as long as short
Kalshi KXBNBPERP	+0.0183%	8h	788.70	+0.025%	$90K	$2.8M	4.8x	as long as short
BloFin BNB-USDT	+0.0192%	8h	789.08	+0.074%	—	$2.3M	75x	as long as short
dYdX BNB-USDshort	+0.0244%	1h	788.96	+0.058%	$160K	$63K	10x
01 Exchange BNBUSD	+0.0304%	1h	788.77	+0.034%	$28K	$4K	10x	as long as short
Reya BNBRUSDPERP	+0.0328%	1h	787.90	−0.076%	$6K	$3K	40x	as long as short
RISEx BNB/USDC	+0.0361%	1h	788.64	+0.018%	$1.1M	$1.0M	20x	as long as short
Bulk BNB-USD	+0.0373%	1h	788.05	−0.057%	$638K	$13K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0400%	1h	788.71	+0.026%	$1.5M	$152K	25x	as long as short
Hibachi BNB/USDT-P	+0.0576%	1h	788.28	−0.028%	$67K	$38K	12x	as long as short