Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0093%/8h= −10.1% APRpaid last 24h −0.028%

Price spread now: gTrade (Gains Network) against Gate+0.041%7-day average +0.010% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$287as in the Price arb table

costs, in and out, $10k−$2902.896% of the position

Long on Gate Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.072%−$7 on $10k

Price spread, last 3 days (all we have)−0.084%−$8 · spread now +0.041%, 7d avg +0.010%

Together, before fees−0.155%−$16 on $10k · with fees, hour by hour

The price spread pays, funding is against you. gTrade (Gains Network) is 0.031% dearer against Gate than usual: you sell high and buy low (spread +0.041% now, against its 7-day average of +0.010%): +$3 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 27 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate BNB_USDT	802.45	0.0100	pay 0.0100% / 8h	2h 44m	$35.9M	$58.3M	75x
Short	gTrade (Gains Network) BNB/USD	802.78	L +0.0008% / S −0.0007%	get 0.0001% / 1h	44m 39s	$9.8M	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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 gTrade (Gains Network)bpOrdersPrice spread, now +0.041%Rate

Funding earned: −$19.43
Price spread: +0.041% → +0.010%: $3.1
Slippage, 4 orders: −$264.63
Fee Gate: 7.5 bp × 2 orders: −$15
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$305.97
Costs to cover: 2.896%
Break-even: never at this rate

Slippage from Gate: live order book, 4 min ago; gTrade (Gains Network): virtual book (oracle venue), 4 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, 4 min ago	0.31 bp	9.9 bp −$10	12.7 bp −$127	28.9 bp −$2,895	58.2 bp −$29.1K
Sell gTrade (Gains Network) virtual book (oracle venue), 4 min ago	130.01 bp	135.0 bp −$135	135.0 bp −$1,350	484.2 bp −$48.4K	3301.4 bp −$1.65M

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 −0.0195% / S +0.0371%	1h	802.75	+0.038%	$48K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	803.00	+0.069%	$4K	$1K	25x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	803.06	+0.076%	$3.0M	$30.0M	10x	as long as short
Kalshi KXBNBPERP	0.0000%	8h	803.30	+0.106%	$122K	$2.5M	4.8x	as long as short
StandX BNB-USD	0.0000%	1h	803.70	+0.156%	$869K	$3.0M	30x	as long as short
gTrade (Gains Network) BNB/USDshort	L +0.0008% / S −0.0007%	1h	802.78	+0.041%	$9.8M	—	150x
Kraken Futures PF_BNBUSD	+0.0038%	1h	802.71	+0.032%	$2.5M	$910K	50x	as long as short
Variational Omni BNB	+0.0059%	8h	802.25	−0.024%	$4.1M	$5.3M	—	as long as short
BingX BNB-USDC	+0.0068%	8h	802.90	+0.056%	—	$13.3M	—	as long as short
Aster BNBUSDT	+0.0086%	8h	803.22	+0.096%	$6.3M	$18.8M	200x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International BNB-PERP-INTX	+0.0088%	1h	803.99	+0.192%	$608K	$888K	50x	as long as short
Bybit BNBUSDT	+0.0089%	8h	802.20	−0.031%	$138.7M	$82.6M	75x	as long as short
Lighter BNB	+0.0096%	1h	802.79	+0.043%	$2.8M	$4.2M	20x	as long as short
Nado BNB-PERP	+0.0100%	1h	802.23	−0.028%	$1.4M	$2.8M	20x	as long as short
Pacifica BNB	+0.0100%	1h	802.91	+0.057%	$1.2M	$923K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	802.60	+0.019%	$54.9M	$115.1M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	803.00	+0.069%	$52K	$161K	10x	as long as short
Gate BNB_USDTlong	+0.0100%	8h	802.45	long leg	$35.9M	$58.3M	75x
KuCoin BNBUSDTM	+0.0100%	8h	802.51	+0.007%	$28.1M	$10.5M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	802.32	−0.016%	$78.9M	$24.5M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	803.30	+0.106%	$4.2M	$76.9M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	802.77	+0.040%	$158K	$437K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	802.58	+0.016%	$118K	$868K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	802.76	+0.039%	$388K	$593K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	802.91	+0.057%	$32K	$5K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	803.33	+0.109%	$13K	$1.7M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	802.80	+0.044%	$395K	$1.0M	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0100%	1h	803.24	+0.098%	$1.6M	$165K	25x	as long as short
HTX BNB-USDT	+0.0100%	8h	802.95	+0.062%	$8.2M	$7.4M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	803.51	+0.132%	$78K	$19K	50x	as long as short
MEXC BNB_USDT	+0.0102%	8h	803.70	+0.156%	$84.4M	$13.5M	200x	as long as short
Binance BNBUSDT	+0.0103%	8h	803.32	+0.108%	$518.2M	$803.4M	75x	as long as short
Extended BNB-USD	+0.0104%	1h	802.40	−0.006%	$1.9M	$6.1M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	803.02	+0.072%	$386K	$40K	10x	as long as short
Phemex BNBUSDT	+0.0119%	8h	803.35	+0.112%	$70.1M	$51.6M	50x	as long as short
Phoenix BNB	+0.0125%	1h	802.98	+0.066%	$173K	$35K	10x	as long as short
Hyperliquid BNB	+0.0156%	1h	803.18	+0.091%	$51.6M	$21.3M	10x	as long as short
Bulk BNB-USD	+0.0161%	1h	803.45	+0.125%	$649K	$11K	10x	as long as short
RISEx BNB/USDC	+0.0209%	1h	803.11	+0.082%	$1.1M	$1.4M	20x	as long as short
dYdX BNB-USD	+0.0221%	1h	803.00	+0.069%	$170K	$55K	10x	as long as short
BloFin BNB-USDT	+0.0222%	8h	803.39	+0.117%	$18.8M	$3.0M	75x	as long as short
Hibachi BNB/USDT-P	+0.0240%	1h	802.84	+0.049%	$71K	$48K	12x	as long as short
01 Exchange BNBUSD	+0.0312%	1h	803.59	+0.142%	$28K	$1K	10x	as long as short
Reya BNBRUSDPERP	+0.0335%	1h	802.37	−0.011%	$6K	$3K	40x	as long as short
Injective BNB/USDC PERP	+0.0353%	1h	804.92	+0.308%	$19K	$526K	30x	as long as short
Backpack BNB_USDC_PERP	+0.0697%	1h	803.77	+0.164%	$3.0M	$5.3M	40x	as long as short