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

BNB

all BNB markets
SwapBacktest
Alert: funding
Measured
My alerts

Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Alert: spread
My alerts

Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding you earn now, next payment 08:00 UTC+0.0037%/8h= +4.1% APRnext payment +$0.37 per $10,000 · paid last 24h +0.004%
Price spread now: Gate against Phemex−0.107%7-day average −0.084% · you buy dearer than you sell
Net, funding: paid 7d − costs−$30as in the Funding arb table
Net, price: spread back to 7d avg − costs−$36as in the Price arb table
costs, in and out, $10k−$340.341% of the position
Long on PhemexShort on Gate
What this pair did over the last
the charts below follow
Funding, last 7 days+0.044%+$4 on $10k
Price spread, last 4 days (all we have)+0.163%+$16 · spread now −0.107%, 7d avg −0.084%
Together, before fees+0.208%+$21 on $10k · with fees, hour by hour
Funding pays, the price is against you. Gate is 0.023% cheaper against Phemex than usual: you would sell low and buy high (spread −0.107% now, against its 7-day average of −0.084%). If the spread goes back, that is −$2 on $10k: about 2.1 days of funding at the current rate (+$1 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPhemex BNBUSDT792.050.0063pay 0.0063% / 8h4h 29m$69.3M$49.9M50x
ShortGate BNB_USDT791.200.0100get 0.0100% / 8h4h 29m$35.4M$56.8M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Gate against Phemex. 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
$7.8
Price spread: −0.107% → −0.084%
−$2.33
Slippage, 4 orders
−$7.11
Fee Phemex: 6 bp × 2 orders
−$12
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$28.64
Costs to cover
0.341%
Break-even
32.7 days
Slippage from Phemex: 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
LegHalf-spread$10k$100k$1M$5M
Buy Phemex live order book, 5 min ago0.82 bp8.4 bp −$89.3 bp −$9312.6 bp −$1,255doesn't fit
Sell Gate live order book, 5 min ago0.32 bp9.4 bp −$911.6 bp −$11629.4 bp −$2,94560.1 bp −$30.0K

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 −0.0186% / S +0.0351%1h791.60−0.056%$46K—200xas long as short
Hotstuff BNB-PERP−0.0080%1h791.84−0.027%$4K$4225xas long as short
StandX BNB-USD0.0000%1h791.66−0.049%$854K$3.2M30xas long as short
gTrade (Gains Network) BNB/USDL +0.0007% / S −0.0007%1h791.62−0.054%$9.5M—150xas long as short
Injective BNB/USDC PERP+0.0033%1h805.09+1.646%$19K$789K30xas long as short
Aster BNBUSDT+0.0044%8h791.81−0.030%$6.1M$18.7M200xas long as short
BingX BNB-USDT+0.0052%8h791.34−0.090%—$34.4M—as long as short
Phemex BNBUSDTlong+0.0063%8h792.05long leg$69.3M$49.9M50x
Coinbase International BNB-PERP-INTX+0.0064%1h789.45−0.328%$582K$1.9M50xas long as short
MEXC BNB_USDT+0.0066%8h792.30+0.032%$80.4M$12.3M200xas long as short
Show all 46 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance BNBUSDT+0.0067%8h791.50−0.069%$494.3M$788.8M75xas long as short
Lighter BNB+0.0096%1h791.59−0.058%$2.8M$3.8M20xas long as short
Orderly PERP_BNB_USDC+0.0100%8h791.68−0.047%$266K$492K50xas long as short
Nado BNB-PERP+0.0100%1h791.30−0.095%$1.5M$2.6M20xas long as short
Hyperliquid BNB+0.0100%1h791.70−0.044%$52.0M$17.6M10xas long as short
Pacifica BNB+0.0100%1h791.85−0.025%$1.2M$931K20xas long as short
Bybit BNBUSDT+0.0100%8h790.80−0.158%$139.1M$74.6M75xas long as short
OKX BNB-USDT-SWAP+0.0100%8h790.80−0.158%$53.5M$111.4M50xas long as short
Arcus BNB-USD+0.0100%1h791.80−0.032%$52K$130K10xas long as short
Gate BNB_USDTshort+0.0100%8h791.20−0.107%$35.4M$56.8M75x
KuCoin BNBUSDTM+0.0100%8h791.23−0.104%$27.7M$10.3M75xas long as short
Bitget BNBUSDT+0.0100%8h790.83−0.154%$76.5M$30.1M75xas long as short
Backpack BNB_USDC_PERP+0.0100%1h791.63−0.053%$2.2M$6.1M40xas long as short
Variational Omni BNB+0.0100%8h791.31−0.093%$4.1M$4.6M—as long as short
edgeX BNBUSDC+0.0100%4h791.99−0.008%$4.1M$73.7M30xas long as short
ApeX Omni BNBUSDT+0.0100%1h790.95−0.139%$159K$440K50xas long as short
Polymarket Perps BNB-USD+0.0100%1h791.46−0.074%$134K$950K10xas long as short
Derive BNB-PERP+0.0100%1h791.76−0.036%$31K$12K10xas long as short
SunX BNB-USDT+0.0100%8h792.04−0.001%$12K$1.5M50xas long as short
SoDEX BNB-USD+0.0100%1h791.80−0.032%$389K$1.0M10xas long as short
HTX BNB-USDT+0.0100%8h791.71−0.042%$8.1M$9.4M75xas long as short
Paradex BNB-USD-PERP+0.0101%8h792.24+0.024%$77K$17K50xas long as short
Extended BNB-USD+0.0104%1h791.34−0.089%$1.8M$5.9M50xas long as short
Aevo BNB-PERP+0.0104%1h791.71−0.043%$380K$110K10xas long as short
Phoenix BNB+0.0117%1h791.77−0.035%$170K$35K10xas long as short
dYdX BNB-USD+0.0137%1h791.86−0.024%$160K$64K10xas long as short
GRVT BNB_USDT_Perp+0.0145%8h792.31+0.032%$3.0M$28.5M10xas long as short
Kalshi KXBNBPERP+0.0180%8h792.00−0.006%$125K$2.7M4.8xas long as short
BloFin BNB-USDT+0.0187%8h792.22+0.021%$18.2M$2.2M75xas long as short
01 Exchange BNBUSD+0.0232%1h792.08+0.004%$28K$4K10xas long as short
Bulk BNB-USD+0.0245%1h789.82−0.281%$640K$9K10xas long as short
Kraken Futures PF_BNBUSD+0.0263%1h791.59−0.058%$2.5M$1.2M50xas long as short
Reya BNBRUSDPERP+0.0326%1h791.30−0.094%$6K$3K40xas long as short
Deribit BNB_USDC-PERPETUAL+0.0400%1h792.18+0.016%$1.5M$143K25xas long as short
Hibachi BNB/USDT-P+0.0424%1h791.66−0.050%$68K$38K12xas long as short
RISEx BNB/USDC+0.0461%1h791.83−0.028%$1.1M$973K20xas long as short