BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0100%/8h= +10.9% APRnext payment +$1.00 per $10,000 · paid last 24h +0.024%

Price spread now: Gate against GRVT−0.056%51s7-day average −0.109% · you buy dearer than you sell

Net, funding: paid 7d − costs−$33as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$290.285% of the position

Long on GRVT Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.042%−$4 on $10k

Price spread, last 7 days−0.030%−$3 · spread now −0.056%, 7d avg −0.109%

Together, before fees−0.072%+ Points / potential airdropGRVT: Active · farm board−$7 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Gate is 0.053% dearer against GRVT than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.109%. The two prices were read 51 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT BNB_USDT_Perp	798.80	0	get 0.0000% / 8h	10m 36s	$3.0M	$27.9M	10x
Short	Gate BNB_USDT	798.35	0.0100	get 0.0100% / 8h	10m 36s	$35.8M	$58.5M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against GRVT. 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 GRVTbpFee GatebpOrdersPrice spread, now −0.056%Rate

Funding earned: $21
Price spread: −0.056% → −0.109%: $5.25
Slippage, 4 orders: −$4.52
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$2.27
Costs to cover: 0.285%
Break-even: 7.8 days

Slippage from GRVT: live order book, 4 min ago; Gate: 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 GRVT live order book, 4 min ago	0.06 bp	4.6 bp −$5	6.1 bp −$61	20.7 bp −$2,073	doesn't fit
Sell Gate live order book, 3 min ago	0.31 bp	8.7 bp −$9	10.8 bp −$108	26.9 bp −$2,691	58.1 bp −$29.1K

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 −0.0201% / S +0.0372%	1h	797.88	−0.115%	$47K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	798.31	−0.061%	$4K	$1K	25x	as long as short
Kraken Futures PF_BNBUSD	−0.0074%	1h	797.85	−0.119%	$2.5M	$974K	50x	as long as short
GRVT BNB_USDT_Perplong	0.0000%	8h	798.80	long leg	$3.0M	$27.9M	10x
StandX BNB-USD	0.0000%	1h	799.15	+0.044%	$864K	$2.9M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	797.94	−0.108%	$9.7M	—	150x	as long as short
Variational Omni BNB	+0.0008%	8h	797.53	−0.158%	$4.0M	$5.4M	—	as long as short
BingX BNB-USDT	+0.0033%	8h	798.50	−0.037%	—	$34.7M	—	as long as short
Bybit BNBUSDT	+0.0039%	8h	798.14	−0.083%	$138.5M	$76.9M	75x	as long as short
Coinbase International BNB-PERP-INTX	+0.0072%	1h	798.77	−0.004%	$604K	$983K	50x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster BNBUSDT	+0.0082%	8h	798.71	−0.011%	$6.2M	$19.1M	200x	as long as short
Lighter BNB	+0.0096%	1h	798.55	−0.032%	$2.8M	$4.1M	20x	as long as short
Nado BNB-PERP	+0.0100%	1h	797.70	−0.138%	$1.4M	$2.7M	20x	as long as short
Pacifica BNB	+0.0100%	1h	798.56	−0.030%	$1.2M	$926K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	798.20	−0.075%	$54.3M	$112.7M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	798.80	0.000%	$53K	$133K	10x	as long as short
Gate BNB_USDTshort	+0.0100%	8h	798.35	−0.056%	$35.8M	$58.5M	75x
KuCoin BNBUSDTM	+0.0100%	8h	798.31	−0.061%	$28.0M	$10.2M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	798.31	−0.061%	$79.0M	$27.5M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	798.97	+0.021%	$4.1M	$76.2M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	799.19	+0.049%	$161K	$438K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	797.88	−0.115%	$116K	$874K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	797.84	−0.120%	$386K	$494K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	797.95	−0.106%	$32K	$5K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	798.97	+0.021%	$13K	$1.7M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	798.10	−0.088%	$392K	$1.0M	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	798.52	−0.035%	$8.2M	$8.0M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	799.20	+0.050%	$78K	$19K	50x	as long as short
Phemex BNBUSDT	+0.0102%	8h	798.41	−0.049%	$69.8M	$50.6M	50x	as long as short
MEXC BNB_USDT	+0.0103%	8h	799.30	+0.063%	$83.0M	$13.6M	200x	as long as short
Binance BNBUSDT	+0.0104%	8h	798.85	+0.006%	$497.7M	$818.0M	75x	as long as short
Extended BNB-USD	+0.0104%	1h	798.11	−0.087%	$1.7M	$6.5M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	798.00	−0.100%	$383K	$40K	10x	as long as short
Phoenix BNB	+0.0127%	1h	799.20	+0.050%	$172K	$36K	10x	as long as short
Kalshi KXBNBPERP	+0.0143%	8h	798.70	−0.012%	$90K	$2.9M	4.8x	as long as short
Hibachi BNB/USDT-P	+0.0168%	1h	798.47	−0.041%	$70K	$43K	12x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0200%	1h	798.29	−0.063%	$1.6M	$165K	25x	as long as short
Bulk BNB-USD	+0.0214%	1h	799.38	+0.073%	$649K	$17K	10x	as long as short
BloFin BNB-USDT	+0.0224%	8h	798.50	−0.037%	$18.1M	$2.5M	75x	as long as short
Hyperliquid BNB	+0.0229%	1h	799.11	+0.039%	$52.4M	$21.3M	10x	as long as short
RISEx BNB/USDC	+0.0258%	1h	798.60	−0.026%	$1.1M	$1.4M	20x	as long as short
01 Exchange BNBUSD	+0.0272%	1h	799.16	+0.045%	$28K	$1K	10x	as long as short
Injective BNB/USDC PERP	+0.0306%	1h	805.09	+0.788%	$19K	$789K	30x	as long as short
Reya BNBRUSDPERP	+0.0331%	1h	797.57	−0.154%	$6K	$3K	40x	as long as short
dYdX BNB-USD	+0.0342%	1h	798.04	−0.096%	$161K	$63K	10x	as long as short
Backpack BNB_USDC_PERP	+0.0343%	1h	798.63	−0.021%	$2.7M	$5.7M	40x	as long as short