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% APRpaid last 24h −0.004%

Price spread now: Gate against SoDEX+0.006%7-day average −0.032% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$24as in the Price arb table

costs, in and out, $10k−$280.283% of the position

Long on SoDEX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.027%−$3 on $10k

Price spread, last 4 days (all we have)+0.008%+$1 · spread now +0.006%, 7d avg −0.032%

Together, before fees−0.019%−$2 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Gate is 0.039% dearer against SoDEX than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.032%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX BNB-USD	786.60	0.0100	pay 0.0013% / 1h	43m 13s	$387K	$974K	10x
Short	Gate BNB_USDT	786.65	0.0100	get 0.0100% / 8h	43m 13s	$38.3M	$57.5M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against SoDEX. 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 SoDEXbpFee GatebpOrdersPrice spread, now +0.006%Rate

Funding earned: $0
Price spread: +0.006% → −0.032%: $3.85
Slippage, 4 orders: −$5.31
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$24.46
Costs to cover: 0.283%
Break-even: never at this rate

Slippage from SoDEX: 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 SoDEX live order book, 6 min ago	0.63 bp	4.6 bp −$5	8.4 bp −$84	75.2 bp −$7,525	doesn't fit
Sell Gate live order book, 6 min ago	0.32 bp	9.7 bp −$10	12.8 bp −$128	26.4 bp −$2,644	55.0 bp −$27.5K

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	−0.019%	$43K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	787.19	+0.075%	$4K	$42	25x	as long as short
Kraken Futures PF_BNBUSD	−0.0050%	1h	786.43	−0.021%	$2.5M	$1.2M	50x	as long as short
StandX BNB-USD	0.0000%	1h	787.64	+0.132%	$849K	$2.7M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	786.51	−0.011%	$9.5M	—	150x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.351%	$19K	$789K	30x	as long as short
BingX BNB-USDT	+0.0045%	8h	786.74	+0.018%	—	$22.2M	—	as long as short
Aster BNBUSDT	+0.0046%	8h	786.99	+0.050%	$6.0M	$18.9M	200x	as long as short
dYdX BNB-USD	+0.0049%	1h	786.54	−0.007%	$159K	$62K	10x	as long as short
MEXC BNB_USDT	+0.0055%	8h	787.60	+0.127%	$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	787.01	+0.052%	$489.0M	$821.4M	75x	as long as short
Phemex BNBUSDT	+0.0077%	8h	787.01	+0.052%	$68.8M	$51.3M	50x	as long as short
Lighter BNB	+0.0096%	1h	786.59	−0.001%	$2.7M	$3.8M	20x	as long as short
Phoenix BNB	+0.0100%	1h	787.73	+0.144%	$169K	$35K	10x	as long as short
Nado BNB-PERP	+0.0100%	1h	786.45	−0.019%	$1.4M	$2.7M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	787.24	+0.081%	$51.5M	$17.7M	10x	as long as short
Pacifica BNB	+0.0100%	1h	786.88	+0.036%	$1.2M	$934K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	786.40	−0.025%	$138.3M	$74.7M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	786.20	−0.051%	$53.5M	$113.1M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	786.90	+0.038%	$52K	$129K	10x	as long as short
Gate BNB_USDTshort	+0.0100%	8h	786.65	+0.006%	$38.3M	$57.5M	75x
KuCoin BNBUSDTM	+0.0100%	8h	786.25	−0.044%	$27.7M	$10.2M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	786.16	−0.056%	$76.4M	$31.8M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	787.23	+0.080%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	787.00	+0.050%	$4.0M	$4.7M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	787.76	+0.147%	$4.1M	$76.2M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	787.25	+0.083%	$158K	$438K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	786.43	−0.022%	$131K	$953K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	786.48	−0.015%	$265K	$430K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	786.86	+0.033%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	787.11	+0.064%	$12K	$1.5M	50x	as long as short
SoDEX BNB-USDlong	+0.0100%	1h	786.60	long leg	$387K	$974K	10x
Deribit BNB_USDC-PERPETUAL	+0.0100%	1h	786.84	+0.030%	$1.5M	$145K	25x	as long as short
HTX BNB-USDT	+0.0100%	8h	786.86	+0.034%	$8.0M	$10.3M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	787.19	+0.075%	$78K	$18K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	786.09	−0.065%	$1.8M	$5.9M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	786.45	−0.019%	$378K	$110K	10x	as long as short
Coinbase International BNB-PERP-INTX	+0.0104%	1h	787.21	+0.078%	$557K	$1.9M	50x	as long as short
Kalshi KXBNBPERP	+0.0114%	8h	787.10	+0.064%	$171K	$2.7M	4.8x	as long as short
BloFin BNB-USDT	+0.0175%	8h	787.18	+0.074%	$17.7M	$2.2M	75x	as long as short
Bulk BNB-USD	+0.0210%	1h	786.98	+0.048%	$638K	$831	10x	as long as short
GRVT BNB_USDT_Perp	+0.0225%	8h	787.62	+0.130%	$2.9M	$28.7M	10x	as long as short
01 Exchange BNBUSD	+0.0264%	1h	787.10	+0.064%	$28K	$4K	10x	as long as short
Reya BNBRUSDPERP	+0.0321%	1h	786.35	−0.032%	$6K	$3K	40x	as long as short
RISEx BNB/USDC	+0.0350%	1h	786.90	+0.039%	$1.1M	$907K	20x	as long as short
Hibachi BNB/USDT-P	+0.0456%	1h	787.14	+0.069%	$67K	$39K	12x	as long as short