Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: OKX against Gate+0.025%7-day average −0.009% · you sell dearer than you buy

Net, funding: paid 7d − costs−$31as in the Funding arb table

Net, price: spread back to 7d avg − costs−$28as in the Price arb table

costs, in and out, $10k−$320.317% of the position

Long on Gate Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.011%+$1 on $10k

Price spread, last 7 days−0.041%−$4 · spread now +0.025%, 7d avg −0.009%

Together, before fees−0.030%−$3 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: OKX is 0.034% dearer against Gate than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.009%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate BNB_USDT	802.20	0.0100	pay 0.0100% / 8h	2h 48m	$35.9M	$58.2M	75x
Short	OKX BNB-USDT-SWAP	802.40	0.0100	get 0.0100% / 8h	2h 48m	$54.9M	$115.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.025%Rate

Funding earned: $0
Price spread: +0.025% → −0.009%: $3.41
Slippage, 4 orders: −$6.72
Fee Gate: 7.5 bp × 2 orders: −$15
Fee OKX: 5 bp × 2 orders: −$10
Net: −$28.32
Costs to cover: 0.317%
Break-even: never at this rate

Slippage from Gate: live order book, 5 min ago; OKX: live order book, 5 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	0.31 bp	9.7 bp −$10	12.5 bp −$125	29.6 bp −$2,962	60.2 bp −$30.1K
Sell OKX live order book, 5 min ago	0.62 bp	5.6 bp −$6	7.3 bp −$73	17.4 bp −$1,745	doesn't fit

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	802.28	+0.010%	$48K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	802.66	+0.057%	$4K	$1K	25x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	803.08	+0.110%	$3.0M	$30.0M	10x	as long as short
Kalshi KXBNBPERP	0.0000%	8h	802.90	+0.087%	$109K	$2.5M	4.8x	as long as short
StandX BNB-USD	0.0000%	1h	803.05	+0.106%	$868K	$3.0M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	802.22	+0.002%	$9.7M	—	150x	as long as short
Kraken Futures PF_BNBUSD	+0.0038%	1h	802.31	+0.014%	$2.5M	$916K	50x	as long as short
Variational Omni BNB	+0.0063%	8h	802.15	−0.006%	$4.1M	$5.3M	—	as long as short
BingX BNB-USDC	+0.0070%	8h	802.48	+0.035%	—	$13.3M	—	as long as short
Aster BNBUSDT	+0.0085%	8h	802.90	+0.087%	$6.4M	$18.9M	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	+0.223%	$608K	$898K	50x	as long as short
Bybit BNBUSDT	+0.0096%	8h	801.98	−0.027%	$138.8M	$83.0M	75x	as long as short
Lighter BNB	+0.0096%	1h	802.57	+0.046%	$2.8M	$4.2M	20x	as long as short
Nado BNB-PERP	+0.0100%	1h	802.25	+0.006%	$1.4M	$2.8M	20x	as long as short
Pacifica BNB	+0.0100%	1h	802.65	+0.056%	$1.2M	$923K	20x	as long as short
OKX BNB-USDT-SWAPshort	+0.0100%	8h	802.40	+0.025%	$54.9M	$115.1M	50x
Arcus BNB-USD	+0.0100%	1h	802.70	+0.062%	$52K	$161K	10x	as long as short
Gate BNB_USDTlong	+0.0100%	8h	802.20	long leg	$35.9M	$58.2M	75x
KuCoin BNBUSDTM	+0.0100%	8h	802.21	+0.001%	$28.1M	$10.5M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	802.16	−0.005%	$78.9M	$24.5M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	803.76	+0.194%	$4.2M	$76.8M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	803.32	+0.140%	$158K	$437K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	802.18	−0.002%	$118K	$869K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	802.21	+0.001%	$388K	$595K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	802.42	+0.028%	$32K	$5K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	802.83	+0.078%	$13K	$1.7M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	802.30	+0.012%	$395K	$1.0M	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0100%	1h	802.72	+0.065%	$1.6M	$162K	25x	as long as short
HTX BNB-USDT	+0.0100%	8h	802.58	+0.047%	$8.2M	$7.4M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	803.09	+0.110%	$78K	$19K	50x	as long as short
Binance BNBUSDT	+0.0102%	8h	803.10	+0.112%	$518.0M	$806.6M	75x	as long as short
MEXC BNB_USDT	+0.0102%	8h	803.60	+0.175%	$84.3M	$13.5M	200x	as long as short
Extended BNB-USD	+0.0104%	1h	802.18	−0.003%	$1.9M	$6.1M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	802.35	+0.018%	$385K	$40K	10x	as long as short
Phemex BNBUSDT	+0.0123%	8h	802.78	+0.072%	$70.1M	$51.6M	50x	as long as short
Phoenix BNB	+0.0125%	1h	803.11	+0.113%	$173K	$35K	10x	as long as short
Bulk BNB-USD	+0.0161%	1h	803.45	+0.156%	$649K	$11K	10x	as long as short
Hyperliquid BNB	+0.0161%	1h	803.07	+0.108%	$51.6M	$21.3M	10x	as long as short
dYdX BNB-USD	+0.0207%	1h	802.35	+0.019%	$170K	$55K	10x	as long as short
RISEx BNB/USDC	+0.0209%	1h	802.86	+0.082%	$1.1M	$1.4M	20x	as long as short
BloFin BNB-USDT	+0.0222%	8h	802.79	+0.074%	$18.8M	$3.1M	75x	as long as short
Hibachi BNB/USDT-P	+0.0248%	1h	802.79	+0.074%	$71K	$48K	12x	as long as short
01 Exchange BNBUSD	+0.0320%	1h	803.23	+0.128%	$28K	$1K	10x	as long as short
Reya BNBRUSDPERP	+0.0335%	1h	801.97	−0.029%	$6K	$3K	40x	as long as short
Injective BNB/USDC PERP	+0.0353%	1h	804.92	+0.339%	$19K	$526K	30x	as long as short
Backpack BNB_USDC_PERP	+0.0682%	1h	803.45	+0.156%	$3.0M	$5.3M	40x	as long as short