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Funding arb · Price arb /

BNB

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Alert: funding
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Alert: spread
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Funding you earn now, next payment 02:00 UTC+0.0133%/8h= +14.6% APRpaid last 24h +0.061%
Price spread now: Hyperliquid against Gate+0.087%7-day average +0.037% · you sell dearer than you buy
Net, funding: paid 7d − costs−$22as in the Funding arb table
Net, price: spread back to 7d avg − costs−$24as in the Price arb table
costs, in and out, $10k−$290.294% of the position
Long on GateShort on Hyperliquid
What this pair did over the last
the charts below follow
Funding, last 7 days+0.074%+$7 on $10k
Price spread, last 7 days−0.075%−$8 · spread now +0.087%, 7d avg +0.037%
Together, before fees−0.001%+ Points / potential airdropHyperliquid: Season 2 · farm board$0 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 Hyperliquid is 0.050% dearer against Gate than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.037%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate BNB_USDT793.10−0.0033get 0.0033% / 8h6h 51m$35.5M$55.1M75x
ShortHyperliquid BNB793.790.0100get 0.0013% / 1h51m 56s$52.6M$19.8M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid against Gate. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

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latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$27.93
Price spread: +0.087% → +0.037%
$5.05
Slippage, 4 orders
−$5.44
Fee Gate: 7.5 bp × 2 orders
−$15
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
$3.54
Costs to cover
0.294%
Break-even
6.1 days
Slippage from Gate: live order book, 2 min ago; Hyperliquid: live order book, 12 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, 2 min ago0.32 bp9.5 bp −$911.5 bp −$11527.0 bp −$2,69958.1 bp −$29.0K
Sell Hyperliquid live order book, 12 min ago0.13 bp5.1 bp −$58.3 bp −$83doesn'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 −0.0161% / S +0.0334%1h792.77−0.041%$47K—200xas long as short
Kraken Futures PF_BNBUSD−0.0132%1h793.05−0.007%$2.5M$1.0M50xas long as short
Hotstuff BNB-PERP−0.0080%1h793.70+0.076%$4K$23925xas long as short
Gate BNB_USDTlong−0.0033%8h793.10long leg$35.5M$55.1M75x
GRVT BNB_USDT_Perp0.0000%8h792.37−0.092%$3.0M$28.1M10xas long as short
StandX BNB-USD0.0000%1h793.02−0.010%$857K$3.0M30xas long as short
Variational Omni BNB+0.0006%8h791.53−0.198%$4.1M$5.1M—as long as short
gTrade (Gains Network) BNB/USDL +0.0008% / S −0.0007%1h792.71−0.049%$9.7M—150xas long as short
dYdX BNB-USD+0.0028%1h793.28+0.023%$160K$63K10xas long as short
Aster BNBUSDT+0.0032%8h793.57+0.059%$6.1M$19.9M200xas long as short
Show all 46 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective BNB/USDC PERP+0.0033%1h805.09+1.512%$19K$789K30xas long as short
BingX BNB-USDT+0.0040%8h793.21+0.014%—$35.0M—as long as short
Phemex BNBUSDT+0.0053%8h793.38+0.035%$69.3M$50.4M50xas long as short
Bybit BNBUSDT+0.0054%8h793.100.000%$138.0M$77.2M75xas long as short
Coinbase International BNB-PERP-INTX+0.0056%1h791.39−0.216%$607K$1.1M50xas long as short
MEXC BNB_USDT+0.0061%8h794.00+0.113%$82.3M$12.7M200xas long as short
Binance BNBUSDT+0.0062%8h793.81+0.089%$493.3M$819.0M75xas long as short
Phoenix BNB+0.0088%1h792.08−0.129%$170K$36K10xas long as short
Lighter BNB+0.0096%1h793.06−0.005%$2.8M$3.9M20xas long as short
Orderly PERP_BNB_USDC+0.0100%8h792.78−0.040%$383K$468K50xas long as short
Nado BNB-PERP+0.0100%1h793.100.000%$1.4M$2.7M20xas long as short
Hyperliquid BNBshort+0.0100%1h793.79+0.087%$52.6M$19.8M10x
Pacifica BNB+0.0100%1h793.46+0.045%$1.2M$932K20xas long as short
OKX BNB-USDT-SWAP+0.0100%8h793.100.000%$53.3M$111.1M50xas long as short
Arcus BNB-USD+0.0100%1h793.20+0.013%$52K$134K10xas long as short
KuCoin BNBUSDTM+0.0100%8h792.92−0.023%$27.7M$10.0M75xas long as short
Bitget BNBUSDT+0.0100%8h793.00−0.013%$77.4M$28.5M75xas long as short
edgeX BNBUSDC+0.0100%4h794.42+0.166%$4.1M$76.1M30xas long as short
ApeX Omni BNBUSDT+0.0100%1h794.47+0.173%$160K$435K50xas long as short
Polymarket Perps BNB-USD+0.0100%1h793.21+0.014%$112K$889K10xas long as short
Derive BNB-PERP+0.0100%1h792.91−0.025%$32K$9K10xas long as short
SunX BNB-USDT+0.0100%8h793.74+0.080%$13K$1.6M50xas long as short
SoDEX BNB-USD+0.0100%1h793.100.000%$390K$996K10xas long as short
HTX BNB-USDT+0.0100%8h792.27−0.105%$8.1M$8.6M75xas long as short
Paradex BNB-USD-PERP+0.0100%8h793.71+0.077%$77K$17K50xas long as short
Extended BNB-USD+0.0104%1h792.85−0.032%$1.7M$6.0M50xas long as short
Aevo BNB-PERP+0.0104%1h792.84−0.033%$381K$110K10xas long as short
RISEx BNB/USDC+0.0131%1h793.41+0.039%$1.1M$1.4M20xas long as short
Bulk BNB-USD+0.0139%1h794.97+0.236%$646K$10K10xas long as short
Kalshi KXBNBPERP+0.0161%8h792.20−0.113%$94K$2.8M4.8xas long as short
BloFin BNB-USDT+0.0182%8h793.14+0.005%$18.1M$2.5M75xas long as short
01 Exchange BNBUSD+0.0216%1h793.78+0.086%$28K$1K10xas long as short
Deribit BNB_USDC-PERPETUAL+0.0300%1h793.35+0.032%$1.6M$161K25xas long as short
Reya BNBRUSDPERP+0.0329%1h792.81−0.037%$6K$3K40xas long as short
Backpack BNB_USDC_PERP+0.0411%1h793.50+0.050%$2.7M$5.7M40xas long as short
Hibachi BNB/USDT-P+0.0440%1h792.53−0.071%$68K$38K12xas long as short