Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Gate against OKX+0.025%7-day average +0.009% · you sell dearer than you buy

Net, funding: paid 7d − costs−$31as in the Funding arb table

Net, price: spread back to 7d avg − costs−$29as in the Price arb table

costs, in and out, $10k−$300.303% of the position

Long on OKX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.009%−$1 on $10k

Price spread, last 7 days−0.023%−$2 · spread now +0.025%, 7d avg +0.009%

Together, before fees−0.032%−$3 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX BNB-USDT-SWAP	790.30	0.0100	pay 0.0100% / 8h	4h 53m	$53.4M	$111.6M	50x
Short	Gate BNB_USDT	790.50	0.0100	get 0.0100% / 8h	4h 53m	$35.5M	$56.4M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against OKX. 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 OKXbpFee GatebpOrdersPrice spread, now +0.025%Rate

Funding earned: $0
Price spread: +0.025% → +0.009%: $1.66
Slippage, 4 orders: −$5.31
Fee OKX: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$28.65
Costs to cover: 0.303%
Break-even: never at this rate

Slippage from OKX: live order book, 6 min ago; Gate: live order book, 6 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 OKX live order book, 6 min ago	0.63 bp	6.1 bp −$6	8.6 bp −$86	23.4 bp −$2,337	doesn't fit
Sell Gate live order book, 6 min ago	0.32 bp	8.8 bp −$9	10.9 bp −$109	26.7 bp −$2,668	55.8 bp −$27.9K

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 −0.0182% / S +0.0348%	1h	790.57	+0.034%	$46K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	791.07	+0.097%	$4K	$42	25x	as long as short
StandX BNB-USD	0.0000%	1h	791.78	+0.187%	$856K	$3.1M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	790.63	+0.042%	$9.5M	—	150x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+1.871%	$19K	$789K	30x	as long as short
Aster BNBUSDT	+0.0047%	8h	791.03	+0.092%	$6.1M	$18.7M	200x	as long as short
BingX BNB-USDC	+0.0056%	8h	790.71	+0.052%	—	$13.4M	—	as long as short
Phemex BNBUSDT	+0.0064%	8h	791.26	+0.121%	$69.3M	$49.9M	50x	as long as short
Coinbase International BNB-PERP-INTX	+0.0064%	1h	790.64	+0.043%	$583K	$1.9M	50x	as long as short
MEXC BNB_USDT	+0.0070%	8h	791.30	+0.127%	$80.3M	$12.2M	200x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance BNBUSDT	+0.0070%	8h	791.19	+0.113%	$493.8M	$789.7M	75x	as long as short
Lighter BNB	+0.0096%	1h	790.70	+0.051%	$2.7M	$3.8M	20x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	790.69	+0.049%	$266K	$498K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	790.30	0.000%	$1.5M	$2.6M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	791.07	+0.097%	$51.9M	$17.5M	10x	as long as short
Pacifica BNB	+0.0100%	1h	790.71	+0.052%	$1.2M	$931K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	790.37	+0.009%	$139.0M	$74.9M	75x	as long as short
OKX BNB-USDT-SWAPlong	+0.0100%	8h	790.30	long leg	$53.4M	$111.6M	50x
Arcus BNB-USD	+0.0100%	1h	790.70	+0.051%	$52K	$130K	10x	as long as short
Gate BNB_USDTshort	+0.0100%	8h	790.50	+0.025%	$35.5M	$56.4M	75x
KuCoin BNBUSDTM	+0.0100%	8h	790.40	+0.013%	$27.7M	$10.3M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	790.24	−0.008%	$76.5M	$30.3M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	791.01	+0.090%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	790.82	+0.066%	$4.1M	$4.6M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	791.43	+0.142%	$4.1M	$74.4M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	790.18	−0.015%	$159K	$441K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	790.37	+0.009%	$133K	$950K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	790.80	+0.063%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	790.91	+0.078%	$12K	$1.5M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	790.80	+0.063%	$389K	$1.0M	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	790.76	+0.058%	$8.1M	$9.3M	75x	as long as short
Paradex BNB-USD-PERP	+0.0101%	8h	791.13	+0.105%	$77K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	790.19	−0.014%	$1.8M	$5.9M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	790.62	+0.040%	$380K	$110K	10x	as long as short
dYdX BNB-USD	+0.0111%	1h	791.17	+0.110%	$160K	$64K	10x	as long as short
Phoenix BNB	+0.0117%	1h	791.15	+0.108%	$170K	$35K	10x	as long as short
GRVT BNB_USDT_Perp	+0.0136%	8h	790.47	+0.021%	$2.9M	$28.0M	10x	as long as short
Kalshi KXBNBPERP	+0.0184%	8h	791.00	+0.089%	$113K	$2.7M	4.8x	as long as short
BloFin BNB-USDT	+0.0190%	8h	791.19	+0.113%	$18.2M	$2.2M	75x	as long as short
01 Exchange BNBUSD	+0.0232%	1h	791.04	+0.094%	$28K	$4K	10x	as long as short
Kraken Futures PF_BNBUSD	+0.0263%	1h	790.53	+0.029%	$2.5M	$1.2M	50x	as long as short
Bulk BNB-USD	+0.0296%	1h	791.64	+0.170%	$641K	$9K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	791.16	+0.108%	$1.5M	$143K	25x	as long as short
Reya BNBRUSDPERP	+0.0327%	1h	790.05	−0.032%	$6K	$3K	40x	as long as short
RISEx BNB/USDC	+0.0461%	1h	790.81	+0.065%	$1.1M	$976K	20x	as long as short
Hibachi BNB/USDT-P	+0.0544%	1h	791.01	+0.090%	$68K	$38K	12x	as long as short