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 SunX−0.094%53s7-day average −0.091% · you buy dearer than you sell

Net, funding: paid 7d − costs−$70as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$640.640% of the position

Long on SunX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.059%−$6 on $10k

Price spread, last 4 days (all we have)+0.264%+$26 · spread now −0.094%, 7d avg −0.091%

Together, before fees+0.206%+$21 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX BNB-USDT	791.45	0.0100	pay 0.0100% / 8h	4h 54m	$12K	$1.5M	50x
Short	Gate BNB_USDT	790.70	0.0100	get 0.0100% / 8h	4h 54m	$35.5M	$56.4M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against SunX. 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 SunXbpFee GatebpOrdersPrice spread, now −0.094%Rate

Funding earned: $0
Price spread: −0.094% → −0.091%: −$0.35
Slippage, 4 orders: −$41.02
Fee SunX: 4 bp × 2 orders: −$8
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$64.36
Costs to cover: 0.640%
Break-even: never at this rate

Slippage from SunX: live order book, 11 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy SunX live order book, 11 min ago	15.01 bp	21.9 bp −$22	29.3 bp −$293	doesn't fit	doesn't fit
Sell Gate live order book, 5 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	790.63	−0.103%	$46K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	791.20	−0.031%	$4K	$42	25x	as long as short
StandX BNB-USD	0.0000%	1h	791.78	+0.042%	$856K	$3.1M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	790.71	−0.093%	$9.6M	—	150x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+1.724%	$19K	$789K	30x	as long as short
Aster BNBUSDT	+0.0047%	8h	791.40	−0.006%	$6.1M	$18.7M	200x	as long as short
BingX BNB-USDC	+0.0056%	8h	790.77	−0.086%	—	$13.4M	—	as long as short
Phemex BNBUSDT	+0.0061%	8h	791.53	+0.010%	$69.3M	$49.9M	50x	as long as short
Coinbase International BNB-PERP-INTX	+0.0064%	1h	790.64	−0.102%	$583K	$1.9M	50x	as long as short
MEXC BNB_USDT	+0.0070%	8h	791.80	+0.045%	$80.4M	$12.1M	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	791.28	−0.021%	$493.8M	$789.9M	75x	as long as short
Lighter BNB	+0.0096%	1h	791.29	−0.020%	$2.8M	$3.8M	20x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	790.60	−0.107%	$266K	$498K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	790.85	−0.075%	$1.5M	$2.6M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	791.44	−0.001%	$51.9M	$17.5M	10x	as long as short
Pacifica BNB	+0.0100%	1h	791.18	−0.034%	$1.2M	$931K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	790.31	−0.144%	$139.0M	$74.9M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	790.30	−0.145%	$53.4M	$111.6M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	791.20	−0.031%	$52K	$130K	10x	as long as short
Gate BNB_USDTshort	+0.0100%	8h	790.70	−0.094%	$35.5M	$56.4M	75x
KuCoin BNBUSDTM	+0.0100%	8h	790.73	−0.091%	$27.7M	$10.3M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	790.63	−0.103%	$76.6M	$30.3M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	791.57	+0.016%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	790.82	−0.079%	$4.1M	$4.6M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	790.34	−0.140%	$4.1M	$74.3M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	790.18	−0.160%	$159K	$441K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	790.80	−0.082%	$133K	$950K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	790.66	−0.099%	$31K	$12K	10x	as long as short
SunX BNB-USDTlong	+0.0100%	8h	791.45	long leg	$12K	$1.5M	50x
SoDEX BNB-USD	+0.0100%	1h	791.20	−0.031%	$389K	$1.0M	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	790.91	−0.068%	$8.1M	$9.3M	75x	as long as short
Paradex BNB-USD-PERP	+0.0101%	8h	791.60	+0.019%	$77K	$17K	50x	as long as short
dYdX BNB-USD	+0.0104%	1h	791.17	−0.036%	$160K	$64K	10x	as long as short
Extended BNB-USD	+0.0104%	1h	790.41	−0.130%	$1.8M	$5.9M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	790.54	−0.115%	$380K	$110K	10x	as long as short
Phoenix BNB	+0.0107%	1h	791.15	−0.038%	$170K	$35K	10x	as long as short
GRVT BNB_USDT_Perp	+0.0136%	8h	790.47	−0.124%	$2.9M	$28.0M	10x	as long as short
Kalshi KXBNBPERP	+0.0182%	8h	791.60	+0.019%	$113K	$2.7M	4.8x	as long as short
BloFin BNB-USDT	+0.0190%	8h	791.46	+0.002%	$18.2M	$2.2M	75x	as long as short
01 Exchange BNBUSD	+0.0232%	1h	791.35	−0.012%	$28K	$4K	10x	as long as short
Kraken Futures PF_BNBUSD	+0.0263%	1h	790.94	−0.063%	$2.5M	$1.2M	50x	as long as short
Bulk BNB-USD	+0.0296%	1h	791.64	+0.024%	$641K	$9K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	791.61	+0.021%	$1.5M	$143K	25x	as long as short
Reya BNBRUSDPERP	+0.0327%	1h	790.46	−0.125%	$6K	$3K	40x	as long as short
RISEx BNB/USDC	+0.0461%	1h	791.23	−0.028%	$1.1M	$976K	20x	as long as short
Hibachi BNB/USDT-P	+0.0544%	1h	791.40	−0.006%	$68K	$38K	12x	as long as short