Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0148%/8h= +16.2% APRpaid last 24h +0.082%

Price spread now: Hibachi against Gate−0.003%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Gate Short on Hibachi

What this pair did over the last

the charts below follow

Funding, last 7 days+0.496%+$50 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropHibachi: Active · farm boardneeds both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$4 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	804.05	0.0100	pay 0.0100% / 8h	2h 31m	$35.9M	$58.5M	75x
Short	Hibachi BNB/USDT-P	804.02	0.0248	get 0.0031% / 1h	31m 00s	$71K	$48K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hibachi 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 HibachibpOrdersPrice spread, now −0.003%Rate

Funding earned: $31.08
Price spread: −0.003% → 0.000%: −$0.32
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Hibachi: 4.5 bp × 2 orders: −$9
Net: $6.76
Costs to cover: 0.240%
Break-even: 5.5 days

Slippage unknown: Gate: live order book, 3 min ago; Hibachi: no order-book sample. Net counts fees only.

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	0.31 bp	9.3 bp −$9	13.0 bp −$130	28.3 bp −$2,835	55.7 bp −$27.9K
Sell Hibachi no order-book sample	—	—	—	—	—

Hibachi: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	804.07	+0.002%	$48K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	804.19	+0.017%	$4K	$1K	25x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	803.90	−0.019%	$3.0M	$29.3M	10x	as long as short
Kalshi KXBNBPERP	0.0000%	8h	804.50	+0.056%	$112K	$2.5M	4.8x	as long as short
StandX BNB-USD	0.0000%	1h	803.92	−0.016%	$869K	$2.9M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	804.10	+0.006%	$9.8M	—	150x	as long as short
Kraken Futures PF_BNBUSD	+0.0038%	1h	804.33	+0.035%	$2.5M	$908K	50x	as long as short
Variational Omni BNB	+0.0051%	8h	802.62	−0.178%	$4.0M	$5.3M	—	as long as short
BingX BNB-USDC	+0.0055%	8h	804.10	+0.006%	—	$13.3M	—	as long as short
Bybit BNBUSDT	+0.0075%	8h	803.80	−0.031%	$139.4M	$82.8M	75x	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	804.19	+0.017%	$609K	$878K	50x	as long as short
Aster BNBUSDT	+0.0089%	8h	804.45	+0.050%	$6.4M	$18.8M	200x	as long as short
Lighter BNB	+0.0096%	1h	804.36	+0.039%	$2.8M	$4.2M	20x	as long as short
Nado BNB-PERP	+0.0100%	1h	803.49	−0.069%	$1.4M	$2.8M	20x	as long as short
Pacifica BNB	+0.0100%	1h	804.04	−0.001%	$1.2M	$923K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	804.00	−0.006%	$55.1M	$115.5M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	804.10	+0.006%	$53K	$165K	10x	as long as short
Gate BNB_USDTlong	+0.0100%	8h	804.05	long leg	$35.9M	$58.5M	75x
KuCoin BNBUSDTM	+0.0100%	8h	803.97	−0.010%	$28.1M	$10.5M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	803.94	−0.014%	$79.1M	$24.5M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	804.49	+0.055%	$4.2M	$76.9M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	804.32	+0.034%	$159K	$439K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	804.09	+0.005%	$118K	$868K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	804.15	+0.012%	$389K	$593K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	804.28	+0.028%	$32K	$5K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	804.48	+0.053%	$13K	$1.7M	50x	as long as short
HTX BNB-USDT	+0.0100%	8h	803.84	−0.026%	$8.2M	$7.4M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	804.48	+0.053%	$79K	$19K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	803.86	−0.024%	$1.9M	$6.1M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	804.35	+0.037%	$386K	$40K	10x	as long as short
MEXC BNB_USDT	+0.0105%	8h	805.10	+0.131%	$84.4M	$13.6M	200x	as long as short
Binance BNBUSDT	+0.0106%	8h	804.87	+0.102%	$519.3M	$803.0M	75x	as long as short
Phemex BNBUSDT	+0.0124%	8h	804.77	+0.090%	$70.2M	$51.7M	50x	as long as short
Phoenix BNB	+0.0125%	1h	803.93	−0.015%	$173K	$35K	10x	as long as short
Hyperliquid BNB	+0.0156%	1h	804.77	+0.090%	$51.7M	$21.3M	10x	as long as short
SoDEX BNB-USD	+0.0169%	1h	804.20	+0.019%	$396K	$1.0M	10x	as long as short
Bulk BNB-USD	+0.0197%	1h	804.34	+0.036%	$650K	$11K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0200%	1h	804.67	+0.077%	$1.6M	$165K	25x	as long as short
RISEx BNB/USDC	+0.0209%	1h	804.10	+0.007%	$1.1M	$1.4M	20x	as long as short
BloFin BNB-USDT	+0.0226%	8h	804.88	+0.103%	$18.8M	$3.1M	75x	as long as short
Hibachi BNB/USDT-Pshort	+0.0248%	1h	804.02	−0.003%	$71K	$48K	12x
dYdX BNB-USD	+0.0276%	1h	804.28	+0.029%	$170K	$55K	10x	as long as short
01 Exchange BNBUSD	+0.0328%	1h	804.69	+0.080%	$28K	$1K	10x	as long as short
Reya BNBRUSDPERP	+0.0334%	1h	803.83	−0.027%	$6K	$3K	40x	as long as short
Injective BNB/USDC PERP	+0.0353%	1h	804.92	+0.108%	$19K	$526K	30x	as long as short
Backpack BNB_USDC_PERP	+0.0660%	1h	805.11	+0.132%	$3.0M	$5.4M	40x	as long as short