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

BNB

all BNB markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%
Price spread now: Extended against Gate−0.011%7-day average −0.039% · you buy dearer than you sell
Net, funding: paid 7d − costs−$21as in the Funding arb table
Net, price: spread back to 7d avg − costs−$23as in the Price arb table
costs, in and out, $10k−$260.258% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.045%+$5 on $10k
Price spread, last 7 days+0.027%+$3 · spread now −0.011%, 7d avg −0.039%
Together, before fees+0.073%+ Points / potential airdropExtended: Active · farm board+$7 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Extended is 0.028% dearer against Gate than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.039%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate BNB_USDT800.900.0100pay 0.0100% / 8h59m 50s$35.8M$59.2M75x
ShortExtended BNB-USD800.810.0104get 0.0013% / 1h59m 50s$1.9M$6.3M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended 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

Funding earned
$0.84
Price spread: −0.011% → −0.039%
$2.83
Slippage, 4 orders
−$5.84
Fee Gate: 7.5 bp × 2 orders
−$15
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$22.17
Costs to cover
0.258%
Break-even
191.8 days
Slippage from Gate: live order book, 4 min ago; Extended: live order book, 4 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Gate live order book, 4 min ago0.63 bp10.0 bp −$1013.1 bp −$13125.6 bp −$2,56251.2 bp −$25.6K
Sell Extended live order book, 4 min ago0.06 bp3.1 bp −$33.8 bp −$38doesn't fitdoesn't fit

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 −0.0201% / S +0.0372%1h801.21+0.039%$48K200xas long as short
Hotstuff BNB-PERP−0.0080%1h801.44+0.067%$4K$1K25xas long as short
GRVT BNB_USDT_Perp0.0000%8h800.22−0.084%$3.0M$28.5M10xas long as short
StandX BNB-USD0.0000%1h801.41+0.064%$866K$2.9M30xas long as short
gTrade (Gains Network) BNB/USDL +0.0008% / S −0.0007%1h801.25+0.043%$9.8M150xas long as short
Variational Omni BNB+0.0031%8h800.04−0.107%$4.2M$5.4Mas long as short
BingX BNB-USDC+0.0052%8h801.28+0.047%$13.3Mas long as short
Bybit BNBUSDT+0.0066%8h800.60−0.037%$139.2M$78.8M75xas long as short
Lighter BNB+0.0096%1h801.34+0.055%$2.8M$4.1M20xas long as short
Coinbase International BNB-PERP-INTX+0.0096%1h800.72−0.022%$607K$998K50xas long as short
Show all 46 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Nado BNB-PERP+0.0100%1h800.87−0.004%$1.4M$2.7M20xas long as short
Pacifica BNB+0.0100%1h801.29+0.048%$1.2M$926K20xas long as short
OKX BNB-USDT-SWAP+0.0100%8h801.00+0.012%$54.8M$113.9M50xas long as short
Arcus BNB-USD+0.0100%1h801.50+0.075%$53K$134K10xas long as short
Gate BNB_USDTlong+0.0100%8h800.90long leg$35.8M$59.2M75x
KuCoin BNBUSDTM+0.0100%8h801.16+0.032%$28.0M$10.3M75xas long as short
Bitget BNBUSDT+0.0100%8h801.00+0.012%$80.9M$26.7M75xas long as short
edgeX BNBUSDC+0.0100%4h800.55−0.044%$4.2M$77.7M30xas long as short
ApeX Omni BNBUSDT+0.0100%1h800.56−0.042%$161K$442K50xas long as short
Polymarket Perps BNB-USD+0.0100%1h801.15+0.031%$119K$874K10xas long as short
Orderly PERP_BNB_USDC+0.0100%8h801.16+0.032%$387K$489K50xas long as short
Derive BNB-PERP+0.0100%1h801.40+0.062%$32K$5K10xas long as short
SunX BNB-USDT+0.0100%8h801.92+0.127%$13K$1.7M50xas long as short
HTX BNB-USDT+0.0100%8h800.80−0.012%$8.2M$7.9M75xas long as short
Paradex BNB-USD-PERP+0.0100%8h801.63+0.091%$78K$19K50xas long as short
Aster BNBUSDT+0.0100%8h801.92+0.127%$6.4M$18.9M200xas long as short
Extended BNB-USDshort+0.0104%1h800.81−0.011%$1.9M$6.3M50x
Aevo BNB-PERP+0.0104%1h801.52+0.077%$385K$40K10xas long as short
SoDEX BNB-USD+0.0108%1h801.30+0.050%$394K$1.0M10xas long as short
Kalshi KXBNBPERP+0.0113%8h801.50+0.075%$110K$2.9M4.8xas long as short
Phemex BNBUSDT+0.0114%8h801.76+0.107%$70.1M$51.0M50xas long as short
MEXC BNB_USDT+0.0118%8h802.30+0.175%$83.3M$13.9M200xas long as short
Binance BNBUSDT+0.0120%8h801.98+0.135%$501.9M$818.7M75xas long as short
Phoenix BNB+0.0155%1h800.77−0.016%$172K$35K10xas long as short
Kraken Futures PF_BNBUSD+0.0206%1h801.15+0.031%$2.6M$970K50xas long as short
BloFin BNB-USDT+0.0239%8h801.23+0.041%$18.3M$2.5M75xas long as short
Hibachi BNB/USDT-P+0.0240%1h800.59−0.039%$71K$48K12xas long as short
Bulk BNB-USD+0.0289%1h801.15+0.031%$651K$20K10xas long as short
Deribit BNB_USDC-PERPETUAL+0.0300%1h801.70+0.100%$1.6M$165K25xas long as short
Injective BNB/USDC PERP+0.0311%1h805.09+0.523%$19K$789K30xas long as short
RISEx BNB/USDC+0.0318%1h801.24+0.042%$1.1M$1.4M20xas long as short
01 Exchange BNBUSD+0.0320%1h802.05+0.144%$28K$1K10xas long as short
Reya BNBRUSDPERP+0.0332%1h800.83−0.009%$6K$3K40xas long as short
dYdX BNB-USD+0.0368%1h800.88−0.003%$161K$62K10xas long as short
Hyperliquid BNB+0.0370%1h802.03+0.141%$51.9M$21.6M10xas long as short
Backpack BNB_USDC_PERP+0.0556%1h802.04+0.142%$2.7M$5.7M40xas long as short