Settings8H · net · $10k
Funding arb · Price arb /

BNB

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SwapBacktest
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: Gate against Hibachi−0.047%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days−0.496%−$50 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropHibachi: Active · farm boardneeds both histories
Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Gate is 0.047% cheaper against Hibachi than usual: you would sell low and buy high (−$5 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHibachi BNB/USDT-P803.980.0248pay 0.0031% / 1h31m 55s$71K$48K12x
ShortGate BNB_USDT803.600.0100get 0.0100% / 8h2h 31m$35.9M$58.5M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Gate against Hibachi. 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

Funding earned
−$31.08
Price spread: −0.047% → 0.000%
−$4.7
Slippage, 4 orders
no order book: not counted
Fee Hibachi: 4.5 bp × 2 orders
−$9
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$59.78
Costs to cover
0.240%
Break-even
never at this rate
Slippage unknown: Hibachi: no order-book sample; Gate: live order book, 2 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Hibachi no order-book sample
Sell Gate live order book, 2 min ago0.31 bp9.6 bp −$1013.2 bp −$13227.7 bp −$2,77057.9 bp −$28.9K
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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GMX BNB/USD [WBTC.b-USDC]L −0.0195% / S +0.0371%1h803.75−0.028%$48K200xas long as short
Hotstuff BNB-PERP−0.0080%1h804.26+0.035%$4K$1K25xas long as short
GRVT BNB_USDT_Perp0.0000%8h803.90−0.010%$3.0M$29.3M10xas long as short
Kalshi KXBNBPERP0.0000%8h804.50+0.065%$112K$2.5M4.8xas long as short
StandX BNB-USD0.0000%1h803.92−0.007%$869K$2.9M30xas long as short
gTrade (Gains Network) BNB/USDL +0.0008% / S −0.0007%1h803.81−0.021%$9.8M150xas long as short
Kraken Futures PF_BNBUSD+0.0038%1h803.94−0.004%$2.5M$908K50xas long as short
Variational Omni BNB+0.0051%8h802.62−0.169%$4.0M$5.3Mas long as short
BingX BNB-USDT+0.0054%8h803.83−0.018%$34.5Mas long as short
Bybit BNBUSDT+0.0076%8h803.30−0.084%$139.3M$82.9M75xas long as short
Show all 46 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Coinbase International BNB-PERP-INTX+0.0088%1h804.19+0.026%$609K$878K50xas long as short
Aster BNBUSDT+0.0089%8h804.38+0.050%$6.4M$18.8M200xas long as short
Lighter BNB+0.0096%1h804.02+0.006%$2.8M$4.2M20xas long as short
Nado BNB-PERP+0.0100%1h803.54−0.054%$1.4M$2.8M20xas long as short
Pacifica BNB+0.0100%1h804.06+0.010%$1.2M$923K20xas long as short
OKX BNB-USDT-SWAP+0.0100%8h803.60−0.047%$55.1M$115.5M50xas long as short
Arcus BNB-USD+0.0100%1h804.10+0.015%$52K$164K10xas long as short
Gate BNB_USDTshort+0.0100%8h803.60−0.047%$35.9M$58.5M75x
KuCoin BNBUSDTM+0.0100%8h803.59−0.048%$28.1M$10.5M75xas long as short
Bitget BNBUSDT+0.0100%8h803.39−0.073%$79.1M$24.5M75xas long as short
edgeX BNBUSDC+0.0100%4h804.01+0.004%$4.2M$76.8M30xas long as short
ApeX Omni BNBUSDT+0.0100%1h804.17+0.024%$159K$439K50xas long as short
Polymarket Perps BNB-USD+0.0100%1h803.68−0.037%$118K$868K10xas long as short
Orderly PERP_BNB_USDC+0.0100%8h803.85−0.016%$388K$593K50xas long as short
Derive BNB-PERP+0.0100%1h803.97−0.001%$32K$5K10xas long as short
SunX BNB-USDT+0.0100%8h804.51+0.066%$13K$1.7M50xas long as short
HTX BNB-USDT+0.0100%8h803.84−0.017%$8.2M$7.4M75xas long as short
Paradex BNB-USD-PERP+0.0100%8h804.58+0.075%$79K$19K50xas long as short
Extended BNB-USD+0.0104%1h803.36−0.076%$1.9M$6.1M50xas long as short
Aevo BNB-PERP+0.0104%1h804.01+0.004%$386K$40K10xas long as short
MEXC BNB_USDT+0.0105%8h804.70+0.090%$84.4M$13.6M200xas long as short
Binance BNBUSDT+0.0106%8h804.43+0.056%$519.0M$803.0M75xas long as short
Phemex BNBUSDT+0.0124%8h804.34+0.045%$70.2M$51.7M50xas long as short
Phoenix BNB+0.0125%1h803.93−0.006%$173K$35K10xas long as short
Hyperliquid BNB+0.0156%1h804.40+0.052%$51.7M$21.3M10xas long as short
SoDEX BNB-USD+0.0160%1h803.80−0.022%$395K$1.0M10xas long as short
Bulk BNB-USD+0.0194%1h803.61−0.046%$649K$11K10xas long as short
Deribit BNB_USDC-PERPETUAL+0.0200%1h804.31+0.041%$1.6M$165K25xas long as short
RISEx BNB/USDC+0.0209%1h804.18+0.025%$1.1M$1.4M20xas long as short
BloFin BNB-USDT+0.0225%8h804.46+0.060%$18.8M$3.1M75xas long as short
Hibachi BNB/USDT-Plong+0.0248%1h803.98long leg$71K$48K12x
dYdX BNB-USD+0.0268%1h804.28+0.038%$170K$55K10xas long as short
01 Exchange BNBUSD+0.0320%1h804.69+0.089%$28K$1K10xas long as short
Reya BNBRUSDPERP+0.0334%1h803.52−0.057%$6K$3K40xas long as short
Injective BNB/USDC PERP+0.0353%1h804.92+0.117%$19K$526K30xas long as short
Backpack BNB_USDC_PERP+0.0663%1h804.69+0.089%$3.0M$5.4M40xas long as short