Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0250%/8h= −27.3% APRpaid last 24h −0.038%

Price spread now: Gate against RISEx−0.109%7-day average −0.015% · 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−$35as in the Price arb table

costs, in and out, $10k−$250.253% of the position

Long on RISEx Short on Gate

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.139%−$14 on $10k

Price spread, last 7 days+0.062%+$6 · spread now −0.109%, 7d avg −0.015%

Together, before fees−0.077%−$8 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Gate is 0.094% cheaper against RISEx than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of −0.015%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx BNB/USDC	786.90	0.0350	pay 0.0044% / 1h	42m 49s	$1.1M	$907K	20x
Short	Gate BNB_USDT	786.05	0.0100	get 0.0100% / 8h	42m 49s	$38.2M	$57.5M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against RISEx. 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 RISExbpFee GatebpOrdersPrice spread, now −0.109%Rate

Funding earned: −$52.4
Price spread: −0.109% → −0.015%: −$9.36
Slippage, 4 orders: −$4.3
Fee RISEx: 3 bp × 2 orders: −$6
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$87.07
Costs to cover: 0.253%
Break-even: never at this rate

Slippage from RISEx: live order book, 1 min ago; Gate: live order book, 1 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 RISEx live order book, 1 min ago	0.19 bp	3.2 bp −$3	8.0 bp −$80	doesn't fit	doesn't fit
Sell Gate live order book, 1 min ago	0.95 bp	9.1 bp −$9	12.2 bp −$122	25.4 bp −$2,544	53.4 bp −$26.7K

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 −0.0168% / S +0.0337%	1h	786.45	−0.058%	$43K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	787.19	+0.036%	$4K	$42	25x	as long as short
Kraken Futures PF_BNBUSD	−0.0050%	1h	786.43	−0.060%	$2.5M	$1.2M	50x	as long as short
StandX BNB-USD	0.0000%	1h	787.64	+0.093%	$849K	$2.7M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	786.51	−0.050%	$9.5M	—	150x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.311%	$19K	$789K	30x	as long as short
BingX BNB-USDC	+0.0045%	8h	786.52	−0.049%	—	$13.4M	—	as long as short
Aster BNBUSDT	+0.0046%	8h	786.69	−0.027%	$6.0M	$18.9M	200x	as long as short
dYdX BNB-USD	+0.0049%	1h	786.54	−0.046%	$159K	$62K	10x	as long as short
MEXC BNB_USDT	+0.0055%	8h	787.40	+0.063%	$81.1M	$11.9M	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	+0.0055%	8h	786.55	−0.046%	$488.7M	$821.3M	75x	as long as short
Phemex BNBUSDT	+0.0077%	8h	787.01	+0.013%	$68.8M	$51.3M	50x	as long as short
Lighter BNB	+0.0096%	1h	786.59	−0.039%	$2.7M	$3.8M	20x	as long as short
Phoenix BNB	+0.0100%	1h	787.73	+0.105%	$169K	$35K	10x	as long as short
Nado BNB-PERP	+0.0100%	1h	786.45	−0.058%	$1.4M	$2.7M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	787.04	+0.017%	$51.5M	$17.7M	10x	as long as short
Pacifica BNB	+0.0100%	1h	786.88	−0.003%	$1.2M	$934K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	785.90	−0.128%	$138.2M	$74.7M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	785.80	−0.140%	$53.5M	$113.0M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	786.90	−0.001%	$52K	$129K	10x	as long as short
Gate BNB_USDTshort	+0.0100%	8h	786.05	−0.109%	$38.2M	$57.5M	75x
KuCoin BNBUSDTM	+0.0100%	8h	786.03	−0.111%	$27.7M	$10.2M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	785.72	−0.151%	$76.3M	$31.8M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	786.80	−0.013%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	787.00	+0.012%	$4.0M	$4.7M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	787.76	+0.108%	$4.1M	$76.2M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	787.25	+0.044%	$158K	$438K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	786.43	−0.060%	$131K	$953K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	786.48	−0.054%	$265K	$430K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	786.62	−0.036%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	787.11	+0.026%	$12K	$1.5M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	786.60	−0.039%	$387K	$974K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0100%	1h	786.84	−0.009%	$1.5M	$145K	25x	as long as short
HTX BNB-USDT	+0.0100%	8h	786.86	−0.005%	$8.0M	$10.3M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	787.19	+0.036%	$78K	$18K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	785.89	−0.129%	$1.8M	$5.9M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	786.45	−0.057%	$378K	$110K	10x	as long as short
Coinbase International BNB-PERP-INTX	+0.0104%	1h	787.21	+0.039%	$557K	$1.9M	50x	as long as short
Kalshi KXBNBPERP	+0.0114%	8h	787.10	+0.025%	$171K	$2.7M	4.8x	as long as short
BloFin BNB-USDT	+0.0175%	8h	787.18	+0.035%	$17.7M	$2.2M	75x	as long as short
Bulk BNB-USD	+0.0210%	1h	786.98	+0.010%	$638K	$831	10x	as long as short
GRVT BNB_USDT_Perp	+0.0225%	8h	787.62	+0.091%	$2.9M	$28.7M	10x	as long as short
01 Exchange BNBUSD	+0.0264%	1h	787.10	+0.025%	$28K	$4K	10x	as long as short
Reya BNBRUSDPERP	+0.0321%	1h	786.35	−0.071%	$6K	$3K	40x	as long as short
RISEx BNB/USDClong	+0.0350%	1h	786.90	long leg	$1.1M	$907K	20x
Hibachi BNB/USDT-P	+0.0456%	1h	787.14	+0.030%	$67K	$39K	12x	as long as short