Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0093%/8h= −10.2% APRpaid last 24h −0.028%

Price spread now: gTrade (Gains Network) against Bitget+0.039%7-day average +0.036% · 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−$284as in the Price arb table

costs, in and out, $10k−$2842.841% of the position

Long on Bitget Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.086%−$9 on $10k

Price spread, last 3 days (all we have)−0.012%−$1 · spread now +0.039%, 7d avg +0.036%

Together, before fees−0.098%−$10 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.036%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget BNBUSDT	798.64	0.0100	pay 0.0100% / 8h	7h 31m	$78.8M	$27.3M	75x
Short	gTrade (Gains Network) BNB/USD	798.95	L +0.0008% / S −0.0007%	get 0.0001% / 1h	31m 20s	$9.7M	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against Bitget. 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 BitgetbpFee gTrade (Gains Network)bpOrdersPrice spread, now +0.039%Rate

Funding earned: −$19.49
Price spread: +0.039% → +0.036%: $0.22
Slippage, 4 orders: −$262.06
Fee Bitget: 6 bp × 2 orders: −$12
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$303.33
Costs to cover: 2.841%
Break-even: never at this rate

Slippage from Bitget: live order book, 3 min ago; gTrade (Gains Network): virtual book (oracle venue), 3 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 Bitget live order book, 3 min ago	0.06 bp	7.4 bp −$7	11.1 bp −$111	24.9 bp −$2,494	doesn't fit
Sell gTrade (Gains Network) virtual book (oracle venue), 3 min ago	130.01 bp	135.0 bp −$135	135.0 bp −$1,350	484.2 bp −$48.4K	3301.4 bp −$1.65M

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 −0.0159% / S +0.0334%	1h	798.89	+0.031%	$47K	—	200x	as long as short
Kraken Futures PF_BNBUSD	−0.0121%	1h	798.75	+0.014%	$2.5M	$965K	50x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	799.47	+0.104%	$4K	$239	25x	as long as short
BingX BNB-USDC	−0.0057%	8h	799.01	+0.046%	—	$13.3M	—	as long as short
Bybit BNBUSDT	−0.0022%	8h	798.50	−0.018%	$138.6M	$75.1M	75x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	798.97	+0.041%	$3.0M	$27.4M	10x	as long as short
StandX BNB-USD	0.0000%	1h	798.57	−0.009%	$863K	$2.9M	30x	as long as short
Phemex BNBUSDT	0.0000%	8h	799.36	+0.090%	$69.8M	$50.3M	50x	as long as short
Variational Omni BNB	+0.0003%	8h	798.43	−0.027%	$4.1M	$5.2M	—	as long as short
gTrade (Gains Network) BNB/USDshort	L +0.0008% / S −0.0007%	1h	798.95	+0.039%	$9.7M	—	150x

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+0.808%	$19K	$789K	30x	as long as short
Coinbase International BNB-PERP-INTX	+0.0048%	1h	798.73	+0.011%	$602K	$972K	50x	as long as short
Aster BNBUSDT	+0.0061%	8h	799.44	+0.100%	$6.2M	$19.1M	200x	as long as short
Binance BNBUSDT	+0.0084%	8h	799.29	+0.081%	$496.2M	$806.4M	75x	as long as short
MEXC BNB_USDT	+0.0084%	8h	799.60	+0.120%	$83.1M	$13.6M	200x	as long as short
Gate BNB_USDT	+0.0089%	8h	798.75	+0.014%	$35.7M	$56.2M	75x	as long as short
Lighter BNB	+0.0096%	1h	798.98	+0.043%	$2.8M	$4.0M	20x	as long as short
Phoenix BNB	+0.0099%	1h	799.20	+0.070%	$172K	$36K	10x	as long as short
Nado BNB-PERP	+0.0100%	1h	798.65	+0.001%	$1.5M	$2.7M	20x	as long as short
Pacifica BNB	+0.0100%	1h	799.22	+0.073%	$1.2M	$924K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	798.50	−0.018%	$54.2M	$110.2M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	799.30	+0.083%	$53K	$133K	10x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	798.98	+0.043%	$27.9M	$10.0M	75x	as long as short
Bitget BNBUSDTlong	+0.0100%	8h	798.64	long leg	$78.8M	$27.3M	75x
edgeX BNBUSDC	+0.0100%	4h	799.05	+0.052%	$4.2M	$76.4M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	799.10	+0.058%	$161K	$436K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	798.88	+0.030%	$116K	$873K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	798.86	+0.028%	$386K	$458K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	798.99	+0.044%	$32K	$5K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	799.42	+0.098%	$13K	$1.6M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	799.00	+0.045%	$393K	$1.0M	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	798.67	+0.004%	$8.2M	$8.2M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	799.88	+0.155%	$78K	$18K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	798.48	−0.020%	$1.8M	$6.3M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	798.88	+0.030%	$384K	$108K	10x	as long as short
Bulk BNB-USD	+0.0127%	1h	799.69	+0.131%	$649K	$10K	10x	as long as short
Kalshi KXBNBPERP	+0.0153%	8h	799.40	+0.095%	$91K	$2.8M	4.8x	as long as short
RISEx BNB/USDC	+0.0155%	1h	799.28	+0.081%	$1.1M	$1.4M	20x	as long as short
Hibachi BNB/USDT-P	+0.0168%	1h	798.62	−0.003%	$69K	$37K	12x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0200%	1h	799.34	+0.088%	$1.6M	$160K	25x	as long as short
BloFin BNB-USDT	+0.0204%	8h	799.42	+0.098%	$18.1M	$2.5M	75x	as long as short
01 Exchange BNBUSD	+0.0208%	1h	799.71	+0.134%	$28K	$1K	10x	as long as short
dYdX BNB-USD	+0.0239%	1h	798.94	+0.038%	$161K	$63K	10x	as long as short
Hyperliquid BNB	+0.0309%	1h	799.73	+0.136%	$53.2M	$20.6M	10x	as long as short
Reya BNBRUSDPERP	+0.0330%	1h	798.56	−0.010%	$6K	$3K	40x	as long as short
Backpack BNB_USDC_PERP	+0.0392%	1h	799.62	+0.123%	$2.7M	$5.6M	40x	as long as short