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: Gate against KuCoin−0.006%7-day average +0.003% · you buy dearer than you sell

Net, funding: paid 7d − costs−$42as in the Funding arb table

Net, price: spread back to 7d avg − costs−$40as in the Price arb table

costs, in and out, $10k−$390.393% of the position

Long on KuCoin Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.032%−$3 on $10k

Price spread, last 7 days+0.007%+$1 · spread now −0.006%, 7d avg +0.003%

Together, before fees−0.025%−$2 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin BNBUSDTM	806.30	0.0100	pay 0.0100% / 8h	1h 38m	$28.2M	$10.5M	75x
Short	Gate BNB_USDT	806.25	0.0100	get 0.0100% / 8h	1h 38m	$36.1M	$57.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against KuCoin. 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 KuCoinbpFee GatebpOrdersPrice spread, now −0.006%Rate

Funding earned: $0
Price spread: −0.006% → +0.003%: −$0.88
Slippage, 4 orders: −$12.3
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$40.19
Costs to cover: 0.393%
Break-even: never at this rate

Slippage from KuCoin: live order book, 5 min ago; Gate: 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 KuCoin live order book, 5 min ago	0.06 bp	11.9 bp −$12	20.2 bp −$202	doesn't fit	doesn't fit
Sell Gate live order book, 5 min ago	0.31 bp	9.0 bp −$9	11.4 bp −$114	26.4 bp −$2,641	55.3 bp −$27.7K

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	806.20	−0.012%	$48K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	806.83	+0.066%	$4K	$1K	25x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	807.25	+0.118%	$3.0M	$29.1M	10x	as long as short
Kalshi KXBNBPERP	0.0000%	8h	807.30	+0.124%	$106K	$2.5M	4.8x	as long as short
StandX BNB-USD	0.0000%	1h	806.95	+0.081%	$872K	$2.8M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	806.39	+0.011%	$9.8M	—	150x	as long as short
Variational Omni BNB	+0.0044%	8h	806.56	+0.032%	$4.1M	$5.3M	—	as long as short
BingX BNB-USDC	+0.0059%	8h	806.48	+0.022%	—	$13.3M	—	as long as short
Bybit BNBUSDT	+0.0083%	8h	806.30	0.000%	$139.7M	$81.1M	75x	as long as short
Lighter BNB	+0.0096%	1h	806.67	+0.046%	$2.8M	$4.2M	20x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hibachi BNB/USDT-P	+0.0096%	1h	807.09	+0.098%	$72K	$48K	12x	as long as short
Coinbase International BNB-PERP-INTX	+0.0096%	1h	805.54	−0.094%	$608K	$881K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	806.25	−0.006%	$1.5M	$2.7M	20x	as long as short
Pacifica BNB	+0.0100%	1h	806.62	+0.039%	$1.2M	$923K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	806.50	+0.025%	$55.1M	$116.0M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	806.90	+0.074%	$53K	$170K	10x	as long as short
Gate BNB_USDTshort	+0.0100%	8h	806.25	−0.006%	$36.1M	$57.6M	75x
KuCoin BNBUSDTMlong	+0.0100%	8h	806.30	long leg	$28.2M	$10.5M	75x
Bitget BNBUSDT	+0.0100%	8h	806.03	−0.033%	$78.8M	$25.0M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	807.43	+0.140%	$4.2M	$76.5M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	807.11	+0.100%	$162K	$441K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	806.22	−0.010%	$116K	$870K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	806.25	−0.006%	$390K	$592K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	806.52	+0.028%	$32K	$5K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	806.97	+0.082%	$13K	$1.7M	50x	as long as short
HTX BNB-USDT	+0.0100%	8h	806.57	+0.033%	$8.2M	$7.7M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	807.10	+0.099%	$79K	$19K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	806.11	−0.023%	$1.9M	$5.9M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	806.50	+0.025%	$387K	$40K	10x	as long as short
Aster BNBUSDT	+0.0107%	8h	807.07	+0.095%	$6.4M	$18.8M	200x	as long as short
MEXC BNB_USDT	+0.0121%	8h	807.50	+0.149%	$84.8M	$13.4M	200x	as long as short
Binance BNBUSDT	+0.0122%	8h	807.23	+0.115%	$521.1M	$803.7M	75x	as long as short
Phemex BNBUSDT	+0.0133%	8h	806.87	+0.071%	$70.4M	$51.7M	50x	as long as short
Phoenix BNB	+0.0155%	1h	807.20	+0.112%	$173K	$35K	10x	as long as short
SoDEX BNB-USD	+0.0184%	1h	806.40	+0.012%	$397K	$1.0M	10x	as long as short
dYdX BNB-USD	+0.0193%	1h	806.57	+0.034%	$163K	$63K	10x	as long as short
Kraken Futures PF_BNBUSD	+0.0205%	1h	806.38	+0.010%	$2.5M	$929K	50x	as long as short
Hyperliquid BNB	+0.0221%	1h	807.22	+0.114%	$52.0M	$21.8M	10x	as long as short
BloFin BNB-USDT	+0.0242%	8h	806.92	+0.077%	$18.8M	$2.6M	75x	as long as short
Bulk BNB-USD	+0.0295%	1h	807.66	+0.169%	$652K	$14K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	806.73	+0.053%	$1.6M	$165K	25x	as long as short
Injective BNB/USDC PERP	+0.0311%	1h	805.09	−0.150%	$19K	$789K	30x	as long as short
RISEx BNB/USDC	+0.0318%	1h	806.79	+0.061%	$1.1M	$1.4M	20x	as long as short
Reya BNBRUSDPERP	+0.0333%	1h	805.94	−0.044%	$6K	$3K	40x	as long as short
01 Exchange BNBUSD	+0.0360%	1h	807.29	+0.123%	$29K	$1K	10x	as long as short
Backpack BNB_USDC_PERP	+0.0699%	1h	807.41	+0.138%	$3.0M	$5.5M	40x	as long as short