Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.005%

Price spread now: SoDEX against Gate+0.044%7-day average +0.035% · 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−$28as in the Price arb table

costs, in and out, $10k−$290.292% of the position

Long on Gate Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.022%+$2 on $10k

Price spread, last 4 days (all we have)−0.133%−$13 · spread now +0.044%, 7d avg +0.035%

Together, before fees−0.111%−$11 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate BNB_USDT	789.35	0.0100	pay 0.0100% / 8h	4h 50m	$35.4M	$56.5M	75x
Short	SoDEX BNB-USD	789.70	0.0100	get 0.0013% / 1h	50m 40s	$388K	$1.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now +0.044%Rate

Funding earned: $0
Price spread: +0.044% → +0.035%: $0.93
Slippage, 4 orders: −$6.21
Fee Gate: 7.5 bp × 2 orders: −$15
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$28.28
Costs to cover: 0.292%
Break-even: never at this rate

Slippage from Gate: live order book, 3 min ago; SoDEX: live order book, 3 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, 3 min ago	0.32 bp	10.0 bp −$10	13.1 bp −$131	30.5 bp −$3,052	60.0 bp −$30.0K
Sell SoDEX live order book, 3 min ago	0.63 bp	4.6 bp −$5	8.2 bp −$82	80.7 bp −$8,074	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 −0.0183% / S +0.0348%	1h	789.54	+0.023%	$46K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	790.46	+0.141%	$4K	$42	25x	as long as short
StandX BNB-USD	0.0000%	1h	791.25	+0.241%	$855K	$3.2M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	789.50	+0.019%	$9.5M	—	150x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+1.994%	$19K	$789K	30x	as long as short
Aster BNBUSDT	+0.0043%	8h	790.13	+0.099%	$6.1M	$18.7M	200x	as long as short
BingX BNB-USDT	+0.0056%	8h	789.44	+0.011%	—	$34.3M	—	as long as short
Coinbase International BNB-PERP-INTX	+0.0064%	1h	790.64	+0.163%	$583K	$1.9M	50x	as long as short
MEXC BNB_USDT	+0.0068%	8h	790.20	+0.108%	$80.2M	$12.2M	200x	as long as short
Binance BNBUSDT	+0.0068%	8h	789.93	+0.074%	$492.8M	$789.7M	75x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex BNBUSDT	+0.0072%	8h	790.14	+0.100%	$69.2M	$49.9M	50x	as long as short
Lighter BNB	+0.0096%	1h	789.57	+0.027%	$2.7M	$3.8M	20x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	789.53	+0.023%	$266K	$498K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	789.25	−0.013%	$1.5M	$2.6M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	790.49	+0.145%	$51.9M	$17.5M	10x	as long as short
Pacifica BNB	+0.0100%	1h	789.76	+0.052%	$1.2M	$931K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	789.07	−0.035%	$138.8M	$74.9M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	789.20	−0.019%	$53.4M	$111.4M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	789.60	+0.032%	$52K	$130K	10x	as long as short
Gate BNB_USDTlong	+0.0100%	8h	789.35	long leg	$35.4M	$56.5M	75x
KuCoin BNBUSDTM	+0.0100%	8h	789.79	+0.056%	$27.6M	$10.3M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	789.10	−0.032%	$76.4M	$30.4M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	790.02	+0.085%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	789.11	−0.030%	$4.1M	$4.6M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	790.98	+0.207%	$4.1M	$74.4M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	790.67	+0.167%	$159K	$441K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	789.34	−0.001%	$133K	$950K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	789.67	+0.040%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	789.97	+0.079%	$12K	$1.5M	50x	as long as short
SoDEX BNB-USDshort	+0.0100%	1h	789.70	+0.044%	$388K	$1.0M	10x
HTX BNB-USDT	+0.0100%	8h	789.64	+0.037%	$8.1M	$9.3M	75x	as long as short
Paradex BNB-USD-PERP	+0.0101%	8h	790.05	+0.089%	$77K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	788.89	−0.058%	$1.8M	$5.9M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	789.57	+0.028%	$379K	$110K	10x	as long as short
dYdX BNB-USD	+0.0108%	1h	789.76	+0.052%	$160K	$64K	10x	as long as short
Phoenix BNB	+0.0117%	1h	790.37	+0.129%	$170K	$35K	10x	as long as short
GRVT BNB_USDT_Perp	+0.0138%	8h	791.19	+0.233%	$3.0M	$28.0M	10x	as long as short
Kalshi KXBNBPERP	+0.0182%	8h	790.50	+0.146%	$113K	$2.7M	4.8x	as long as short
BloFin BNB-USDT	+0.0188%	8h	789.97	+0.079%	$18.2M	$2.2M	75x	as long as short
01 Exchange BNBUSD	+0.0224%	1h	789.82	+0.060%	$28K	$4K	10x	as long as short
Kraken Futures PF_BNBUSD	+0.0263%	1h	789.39	+0.005%	$2.5M	$1.2M	50x	as long as short
Bulk BNB-USD	+0.0296%	1h	791.64	+0.290%	$641K	$9K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	790.00	+0.082%	$1.5M	$143K	25x	as long as short
Reya BNBRUSDPERP	+0.0326%	1h	789.05	−0.038%	$6K	$3K	40x	as long as short
RISEx BNB/USDC	+0.0461%	1h	789.70	+0.044%	$1.1M	$975K	20x	as long as short
Hibachi BNB/USDT-P	+0.0544%	1h	790.81	+0.185%	$68K	$38K	12x	as long as short