Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0068%/8h= −7.4% APRpaid last 24h −0.030%

Price spread now: gTrade (Gains Network) against MEXC−0.181%7-day average −0.210% · 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−$274as in the Price arb table

costs, in and out, $10k−$2762.765% of the position

Long on MEXC Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.079%−$8 on $10k

Price spread, last 7 days−0.040%−$4 · spread now −0.181%, 7d avg −0.210%

Together, before fees−0.119%−$12 on $10k · with fees, hour by hour

The price spread pays, funding is against you. gTrade (Gains Network) is 0.029% dearer against MEXC than usual: you sell high and buy low (spread −0.181% now, against its 7-day average of −0.210%): +$3 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 34 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC BNB_USDT	791.50	0.0075	pay 0.0075% / 8h	5h 31m	$80.4M	$12.4M	200x
Short	gTrade (Gains Network) BNB/USD	790.07	L +0.0008% / S −0.0007%	get 0.0001% / 1h	31m 38s	$9.6M	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against MEXC. 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 MEXCbpFee gTrade (Gains Network)bpOrdersPrice spread, now −0.181%Rate

Funding earned: −$14.27
Price spread: −0.181% → −0.210%: $2.86
Slippage, 4 orders: −$262.45
Fee MEXC: 2 bp × 2 orders: −$4
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$287.86
Costs to cover: 2.765%
Break-even: never at this rate

Slippage from MEXC: live order book, 2 min ago; gTrade (Gains Network): virtual book (oracle venue), 2 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 MEXC live order book, 2 min ago	0.63 bp	2.6 bp −$3	5.9 bp −$59	24.4 bp −$2,441	42.6 bp −$21.3K
Sell gTrade (Gains Network) virtual book (oracle venue), 2 min ago	130.01 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 −0.0167% / S +0.0335%	1h	790.04	−0.185%	$46K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	790.79	−0.090%	$4K	$239	25x	as long as short
StandX BNB-USD	0.0000%	1h	790.72	−0.099%	$855K	$3.2M	30x	as long as short
gTrade (Gains Network) BNB/USDshort	L +0.0008% / S −0.0007%	1h	790.07	−0.181%	$9.6M	—	150x
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+1.717%	$19K	$789K	30x	as long as short
Aster BNBUSDT	+0.0047%	8h	791.19	−0.039%	$6.3M	$18.7M	200x	as long as short
Coinbase International BNB-PERP-INTX	+0.0048%	1h	789.79	−0.216%	$617K	$1.8M	50x	as long as short
BingX BNB-USDT	+0.0059%	8h	790.74	−0.096%	—	$34.3M	—	as long as short
MEXC BNB_USDTlong	+0.0075%	8h	791.50	long leg	$80.4M	$12.4M	200x
Phemex BNBUSDT	+0.0075%	8h	790.71	−0.100%	$69.2M	$51.1M	50x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance BNBUSDT	+0.0075%	8h	791.53	+0.004%	$494.9M	$803.6M	75x	as long as short
Variational Omni BNB	+0.0091%	8h	788.80	−0.342%	$4.1M	$4.6M	—	as long as short
Kraken Futures PF_BNBUSD	+0.0091%	1h	789.97	−0.193%	$2.5M	$1.2M	50x	as long as short
Lighter BNB	+0.0096%	1h	790.65	−0.107%	$2.8M	$3.9M	20x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	790.14	−0.172%	$266K	$497K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	790.75	−0.095%	$1.5M	$2.6M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	791.05	−0.057%	$51.8M	$18.1M	10x	as long as short
Pacifica BNB	+0.0100%	1h	790.69	−0.102%	$1.2M	$908K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	790.75	−0.095%	$139.1M	$77.2M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	790.70	−0.101%	$53.6M	$112.3M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	790.90	−0.076%	$52K	$130K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	790.45	−0.133%	$35.4M	$56.9M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	790.28	−0.154%	$27.8M	$10.3M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	790.44	−0.134%	$77.0M	$30.1M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	790.44	−0.134%	$2.2M	$6.1M	40x	as long as short
edgeX BNBUSDC	+0.0100%	4h	790.40	−0.140%	$4.1M	$76.7M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	790.01	−0.188%	$159K	$440K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	790.09	−0.178%	$135K	$948K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	790.34	−0.147%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	790.79	−0.090%	$12K	$1.6M	50x	as long as short
HTX BNB-USDT	+0.0100%	8h	789.37	−0.269%	$8.1M	$9.1M	75x	as long as short
Paradex BNB-USD-PERP	+0.0103%	8h	791.21	−0.037%	$77K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	790.32	−0.149%	$1.8M	$5.9M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	790.15	−0.171%	$380K	$110K	10x	as long as short
Phoenix BNB	+0.0107%	1h	790.19	−0.166%	$170K	$35K	10x	as long as short
SoDEX BNB-USD	+0.0135%	1h	790.20	−0.164%	$388K	$1.0M	10x	as long as short
GRVT BNB_USDT_Perp	+0.0140%	8h	790.55	−0.120%	$2.9M	$28.2M	10x	as long as short
Kalshi KXBNBPERP	+0.0193%	8h	790.40	−0.139%	$92K	$2.8M	4.8x	as long as short
BloFin BNB-USDT	+0.0195%	8h	790.51	−0.125%	$18.2M	$2.3M	75x	as long as short
dYdX BNB-USD	+0.0232%	1h	790.32	−0.149%	$160K	$63K	10x	as long as short
01 Exchange BNBUSD	+0.0296%	1h	791.37	−0.016%	$28K	$4K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	790.61	−0.112%	$1.5M	$147K	25x	as long as short
Reya BNBRUSDPERP	+0.0327%	1h	789.99	−0.190%	$6K	$3K	40x	as long as short
RISEx BNB/USDC	+0.0361%	1h	791.04	−0.058%	$1.1M	$1.0M	20x	as long as short
Bulk BNB-USD	+0.0383%	1h	789.79	−0.216%	$640K	$6K	10x	as long as short
Hibachi BNB/USDT-P	+0.0592%	1h	790.32	−0.149%	$68K	$38K	12x	as long as short