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

BNB

all BNB markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0161%/8h= +17.6% APRpaid last 24h +0.066%
Price spread now: BloFin against gTrade (Gains Network)+0.075%7-day average +0.090% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$284as in the Price arb table
costs, in and out, $10k−$2822.823% of the position
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.187%+$19 on $10k
Price spread, last 4 days (all we have)−0.024%−$2 · spread now +0.075%, 7d avg +0.090%
Together, before fees+0.163%+$16 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.090%, so right now this pair is about funding alone: +$5 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LonggTrade (Gains Network) BNB/USD784.92L +0.0007% / S −0.0007%pay 0.0001% / 1h10m 50s$9.5M150x
ShortBloFin BNB-USDT785.510.0169get 0.0169% / 8h10m 50s$17.7M$2.2M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BloFin against gTrade (Gains Network). 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
$33.82
Price spread: +0.075% → +0.090%
−$1.59
Slippage, 4 orders
−$260.28
Fee gTrade (Gains Network): 5 bp × 2 orders
−$10
Fee BloFin: 6 bp × 2 orders
−$12
Net
−$250.04
Costs to cover
2.823%
Break-even
58.7 days
Slippage from gTrade (Gains Network): virtual book (oracle venue), 3 min ago; BloFin: live order book, 3 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 gTrade (Gains Network) virtual book (oracle venue), 3 min ago130.01 bp135.0 bp −$135135.0 bp −$1,350416.8 bp −$41.7K2253.7 bp −$1.13M
Sell BloFin live order book, 3 min ago0.13 bp6.1 bp −$67.2 bp −$7213.5 bp −$1,347doesn't fit

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 −0.0168% / S +0.0337%1h784.88−0.006%$43K200xas long as short
Hotstuff BNB-PERP−0.0080%1h785.33+0.052%$4K$4225xas long as short
Kraken Futures PF_BNBUSD−0.0050%1h784.96+0.004%$2.5M$1.2M50xas long as short
Kalshi KXBNBPERP0.0000%8h785.60+0.086%$171K$2.7M4.8xas long as short
StandX BNB-USD0.0000%1h785.87+0.120%$847K$2.7M30xas long as short
gTrade (Gains Network) BNB/USDlongL +0.0007% / S −0.0007%1h784.92long leg$9.5M150x
Aster BNBUSDT+0.0033%8h785.51+0.074%$6.0M$18.7M200xas long as short
Injective BNB/USDC PERP+0.0033%1h805.09+2.569%$19K$789K30xas long as short
BingX BNB-USDT+0.0038%8h785.05+0.016%$22.1Mas long as short
MEXC BNB_USDT+0.0048%8h786.10+0.150%$80.9M$12.0M200xas long as short
Show all 46 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance BNBUSDT+0.0049%8h785.45+0.067%$488.3M$814.0M75xas long as short
Phemex BNBUSDT+0.0076%8h785.54+0.078%$68.6M$51.0M50xas long as short
Lighter BNB+0.0096%1h785.07+0.019%$2.7M$3.8M20xas long as short
Phoenix BNB+0.0100%1h785.66+0.094%$158K$35K10xas long as short
Nado BNB-PERP+0.0100%1h784.65−0.035%$1.4M$2.6M20xas long as short
Hyperliquid BNB+0.0100%1h785.45+0.067%$51.5M$17.7M10xas long as short
Pacifica BNB+0.0100%1h785.12+0.025%$1.2M$938K20xas long as short
Bybit BNBUSDT+0.0100%8h784.73−0.025%$138.1M$73.8M75xas long as short
OKX BNB-USDT-SWAP+0.0100%8h784.70−0.029%$53.4M$111.7M50xas long as short
Arcus BNB-USD+0.0100%1h785.10+0.022%$52K$125K10xas long as short
Gate BNB_USDT+0.0100%8h784.85−0.010%$38.4M$58.7M75xas long as short
KuCoin BNBUSDTM+0.0100%8h784.62−0.039%$27.6M$10.2M75xas long as short
Bitget BNBUSDT+0.0100%8h784.52−0.052%$75.3M$32.5M75xas long as short
Backpack BNB_USDC_PERP+0.0100%1h785.34+0.053%$2.2M$6.1M40xas long as short
Variational Omni BNB+0.0100%8h784.65−0.035%$4.0M$4.7Mas long as short
edgeX BNBUSDC+0.0100%4h785.04+0.015%$4.1M$76.7M30xas long as short
ApeX Omni BNBUSDT+0.0100%1h785.82+0.114%$158K$437K50xas long as short
Polymarket Perps BNB-USD+0.0100%1h784.80−0.016%$131K$942K10xas long as short
Orderly PERP_BNB_USDC+0.0100%8h784.90−0.003%$264K$388K50xas long as short
Derive BNB-PERP+0.0100%1h785.14+0.027%$31K$12K10xas long as short
SunX BNB-USDT+0.0100%8h785.39+0.059%$12K$1.5M50xas long as short
SoDEX BNB-USD+0.0100%1h785.00+0.010%$386K$962K10xas long as short
HTX BNB-USDT+0.0100%8h785.37+0.057%$8.0M$10.3M75xas long as short
Paradex BNB-USD-PERP+0.0100%8h785.46+0.068%$78K$17K50xas long as short
Extended BNB-USD+0.0104%1h784.56−0.046%$1.8M$5.8M50xas long as short
Aevo BNB-PERP+0.0104%1h784.90−0.004%$377K$110K10xas long as short
Coinbase International BNB-PERP-INTX+0.0104%1h785.03+0.013%$545K$1.9M50xas long as short
dYdX BNB-USD+0.0121%1h784.99+0.008%$159K$62K10xas long as short
BloFin BNB-USDTshort+0.0169%8h785.51+0.075%$17.7M$2.2M75x
GRVT BNB_USDT_Perp+0.0216%8h785.88+0.122%$2.9M$27.9M10xas long as short
Bulk BNB-USD+0.0231%1h784.93+0.001%$636K$83110xas long as short
01 Exchange BNBUSD+0.0248%1h785.57+0.082%$28K$4K10xas long as short
Deribit BNB_USDC-PERPETUAL+0.0300%1h785.35+0.054%$1.5M$141K25xas long as short
Reya BNBRUSDPERP+0.0320%1h784.63−0.038%$6K$3K40xas long as short
RISEx BNB/USDC+0.0350%1h785.21+0.036%$1.1M$902K20xas long as short
Hibachi BNB/USDT-P+0.0448%1h785.37+0.057%$67K$39K12xas long as short