BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0117%/8h= −12.8% APRnext payment −$0.15 per $10,000 · paid last 24h −0.085%

Price spread now: gTrade (Gains Network) against Hyperliquid−0.118%7-day average −0.046% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$288as in the Price arb table

costs, in and out, $10k−$2802.805% of the position

Long on Hyperliquid Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.139%−$14 on $10k

Price spread, last 3 days (all we have)−0.011%−$1 · spread now −0.118%, 7d avg −0.046%

Together, before fees−0.150%+ Points / potential airdropHyperliquid: Season 2 · farm board−$15 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and gTrade (Gains Network) is 0.072% cheaper against Hyperliquid than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of −0.046%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid BNB	807.12	0.0124	pay 0.0016% / 1h	54m 58s	$51.9M	$22.0M	10x
Short	gTrade (Gains Network) BNB/USD	806.17	L +0.0008% / S −0.0007%	get 0.0001% / 1h	54m 58s	$9.8M	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against Hyperliquid. 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 HyperliquidbpFee gTrade (Gains Network)bpOrdersPrice spread, now −0.118%Rate

Funding earned: −$24.48
Price spread: −0.118% → −0.046%: −$7.19
Slippage, 4 orders: −$261.47
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$312.14
Costs to cover: 2.805%
Break-even: never at this rate

Slippage from Hyperliquid: live order book, 8 min ago; gTrade (Gains Network): virtual book (oracle venue), 4 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 Hyperliquid live order book, 8 min ago	0.06 bp	5.9 bp −$6	doesn't fit	doesn't fit	doesn't fit
Sell gTrade (Gains Network) virtual book (oracle venue), 4 min ago	130.00 bp	135.0 bp −$135	135.0 bp −$1,350	484.2 bp −$48.4K	3301.4 bp −$1.65M

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	806.12	−0.124%	$49K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	806.51	−0.076%	$4K	$1K	25x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	804.83	−0.284%	$3.0M	$29.4M	10x	as long as short
Kalshi KXBNBPERP	0.0000%	8h	806.30	−0.102%	$108K	$2.5M	4.8x	as long as short
StandX BNB-USD	0.0000%	1h	804.39	−0.338%	$869K	$2.8M	30x	as long as short
gTrade (Gains Network) BNB/USDshort	L +0.0008% / S −0.0007%	1h	806.17	−0.118%	$9.8M	—	150x
Hibachi BNB/USDT-P	+0.0016%	1h	805.66	−0.181%	$71K	$48K	12x	as long as short
Variational Omni BNB	+0.0044%	8h	805.28	−0.228%	$4.1M	$5.3M	—	as long as short
BingX BNB-USDT	+0.0056%	8h	806.43	−0.085%	—	$34.5M	—	as long as short
Bybit BNBUSDT	+0.0080%	8h	806.09	−0.128%	$139.5M	$82.0M	75x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter BNB	+0.0096%	1h	806.68	−0.054%	$2.8M	$4.2M	20x	as long as short
Coinbase International BNB-PERP-INTX	+0.0096%	1h	805.76	−0.169%	$608K	$882K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	805.57	−0.192%	$1.5M	$2.8M	20x	as long as short
Pacifica BNB	+0.0100%	1h	806.05	−0.133%	$1.2M	$925K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	806.20	−0.114%	$55.2M	$116.4M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	806.20	−0.114%	$53K	$170K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	806.30	−0.102%	$36.2M	$57.1M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	806.22	−0.112%	$28.2M	$10.5M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	805.98	−0.141%	$79.1M	$24.8M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	804.99	−0.264%	$4.2M	$76.2M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	804.61	−0.311%	$159K	$437K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	806.22	−0.112%	$116K	$870K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	806.12	−0.124%	$390K	$592K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	806.30	−0.101%	$32K	$5K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	806.55	−0.070%	$13K	$1.7M	50x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0100%	1h	806.58	−0.067%	$1.6M	$165K	25x	as long as short
HTX BNB-USDT	+0.0100%	8h	806.18	−0.116%	$8.2M	$7.6M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	806.54	−0.072%	$79K	$19K	50x	as long as short
Aster BNBUSDT	+0.0102%	8h	807.04	−0.010%	$6.4M	$18.8M	200x	as long as short
Extended BNB-USD	+0.0104%	1h	805.96	−0.143%	$1.9M	$5.9M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	806.34	−0.097%	$387K	$40K	10x	as long as short
MEXC BNB_USDT	+0.0116%	8h	807.30	+0.022%	$84.7M	$13.3M	200x	as long as short
Binance BNBUSDT	+0.0117%	8h	806.91	−0.026%	$521.0M	$805.9M	75x	as long as short
Hyperliquid BNBlong	+0.0124%	1h	807.12	long leg	$51.9M	$22.0M	10x
Phoenix BNB	+0.0125%	1h	805.95	−0.145%	$173K	$35K	10x	as long as short
dYdX BNB-USD	+0.0133%	1h	805.79	−0.165%	$162K	$63K	10x	as long as short
Phemex BNBUSDT	+0.0139%	8h	807.08	−0.005%	$70.4M	$51.9M	50x	as long as short
SoDEX BNB-USD	+0.0202%	1h	806.20	−0.114%	$397K	$1.0M	10x	as long as short
Kraken Futures PF_BNBUSD	+0.0205%	1h	806.17	−0.118%	$2.5M	$932K	50x	as long as short
BloFin BNB-USDT	+0.0237%	8h	806.74	−0.047%	$18.8M	$3.1M	75x	as long as short
Bulk BNB-USD	+0.0273%	1h	805.26	−0.230%	$650K	$14K	10x	as long as short
Injective BNB/USDC PERP	+0.0311%	1h	805.09	−0.252%	$19K	$789K	30x	as long as short
RISEx BNB/USDC	+0.0318%	1h	806.14	−0.122%	$1.1M	$1.4M	20x	as long as short
Reya BNBRUSDPERP	+0.0333%	1h	806.01	−0.137%	$6K	$3K	40x	as long as short
01 Exchange BNBUSD	+0.0352%	1h	807.11	−0.001%	$29K	$1K	10x	as long as short
Backpack BNB_USDC_PERP	+0.0714%	1h	807.53	+0.051%	$3.0M	$5.5M	40x	as long as short