Funding you earn now, next payment 01:00 UTC+0.0125%/8h= +13.7% APRnext payment +$0.16 per $10,000 · paid last 24h +0.080%
Price spread now: Bulk against gTrade (Gains Network)+0.335%7-day average +0.100% · 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−$254as in the Price arb table
costs, in and out, $10k−$2772.771% of the position
Funding, last 3 days (all we have)+0.293%+$29 on $10k
+Price spread, last 3 days (all we have)−0.266%−$27 · spread now +0.335%, 7d avg +0.100%
=Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Bulk is 0.235% dearer against gTrade (Gains Network) than usual: you sell high and buy low: +$23 more if the spread goes back to its 7-day average of +0.100%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | gTrade (Gains Network) BNB/USD | 796.02 | L +0.0008% / S −0.0007% | pay 0.0001% / 1h | 3m 27s | $9.7M | — | 150x |
| Short | Bulk BNB-USD | 798.69 | 0.0133 | get 0.0017% / 1h | 3m 27s | $649K | $10K | 10x |
gTrade (Gains Network) BNB/USD
Bulk BNB-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bulk 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $26.3
- Price spread: +0.335% → +0.100%
- $23.46
- Slippage, 4 orders
- −$260.14
- Fee gTrade (Gains Network): 5 bp × 2 orders
- −$10
- Fee Bulk: 3.5 bp × 2 orders
- −$7
- Net
- −$227.39
- Costs to cover
- 2.771%
- Break-even
- 67.5 days
Slippage from gTrade (Gains Network): virtual book (oracle venue), 1 min ago; Bulk: 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 gTrade (Gains Network) virtual book (oracle venue), 1 min ago | 130.01 bp | 135.0 bp −$135 | 135.0 bp −$1,350 | 416.8 bp −$41.7K | 2253.7 bp −$1.13M |
| Sell Bulk live order book, 6 min ago | 0.06 bp | 3.6 bp −$4 | 3.8 bp −$38 | 7.0 bp −$695 | 14.7 bp −$7,364 |
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 +0.0335% | 1h | 795.94 | −0.011% | $47K | — | 200x | as long as short |
| Kraken Futures PF_BNBUSD | −0.0121% | 1h | 796.89 | +0.109% | $2.5M | $1.0M | 50x | as long as short |
| Hotstuff BNB-PERP | −0.0080% | 1h | 796.50 | +0.060% | $4K | $239 | 25x | as long as short |
| Gate BNB_USDT | −0.0002% | 8h | 795.70 | −0.041% | $35.8M | $57.3M | 75x | as long as short |
| GRVT BNB_USDT_Perp | 0.0000% | 8h | 797.56 | +0.193% | $3.0M | $27.9M | 10x | as long as short |
| StandX BNB-USD | 0.0000% | 1h | 798.24 | +0.278% | $863K | $3.0M | 30x | as long as short |
| Phemex BNBUSDT | 0.0000% | 8h | 797.49 | +0.184% | $69.6M | $50.2M | 50x | as long as short |
| gTrade (Gains Network) BNB/USDlong | L +0.0008% / S −0.0007% | 1h | 796.02 | long leg | $9.7M | — | 150x | |
| Variational Omni BNB | +0.0009% | 8h | 796.50 | +0.060% | $4.1M | $5.1M | — | as long as short |
| Injective BNB/USDC PERP | +0.0033% | 1h | 805.09 | +1.139% | $19K | $789K | 30x | as long as short |
GMX BNB/USD [WBTC.b-USDC]
Kraken Futures PF_BNBUSD
Hotstuff BNB-PERP
Gate BNB_USDT
GRVT BNB_USDT_Perp
StandX BNB-USD
Phemex BNBUSDT
Variational Omni BNB
Injective BNB/USDC PERPShow all 46 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster BNBUSDT | +0.0044% | 8h | 796.34 | +0.039% | $6.1M | $19.6M | 200x | as long as short |
| Coinbase International BNB-PERP-INTX | +0.0048% | 1h | 797.60 | +0.198% | $610K | $1.1M | 50x | as long as short |
| BingX BNB-USDC | +0.0057% | 8h | 796.41 | +0.048% | — | $13.3M | — | as long as short |
| Binance BNBUSDT | +0.0068% | 8h | 796.52 | +0.062% | $495.8M | $813.2M | 75x | as long as short |
| Bybit BNBUSDT | +0.0068% | 8h | 795.80 | −0.028% | $138.5M | $76.4M | 75x | as long as short |
| MEXC BNB_USDT | +0.0069% | 8h | 797.00 | +0.123% | $82.8M | $13.7M | 200x | as long as short |
| Lighter BNB | +0.0096% | 1h | 796.64 | +0.077% | $2.8M | $4.0M | 20x | as long as short |
| Phoenix BNB | +0.0099% | 1h | 797.27 | +0.157% | $171K | $36K | 10x | as long as short |
| Nado BNB-PERP | +0.0100% | 1h | 796.20 | +0.022% | $1.4M | $2.7M | 20x | as long as short |
| Pacifica BNB | +0.0100% | 1h | 796.57 | +0.069% | $1.2M | $930K | 20x | as long as short |
| OKX BNB-USDT-SWAP | +0.0100% | 8h | 795.90 | −0.016% | $54.0M | $110.7M | 50x | as long as short |
| Arcus BNB-USD | +0.0100% | 1h | 796.40 | +0.047% | $52K | $127K | 10x | as long as short |
| KuCoin BNBUSDTM | +0.0100% | 8h | 795.91 | −0.014% | $27.8M | $10.0M | 75x | as long as short |
| Bitget BNBUSDT | +0.0100% | 8h | 795.66 | −0.046% | $77.9M | $28.1M | 75x | as long as short |
| edgeX BNBUSDC | +0.0100% | 4h | 797.71 | +0.212% | $4.1M | $76.3M | 30x | as long as short |
| ApeX Omni BNBUSDT | +0.0100% | 1h | 798.08 | +0.258% | $161K | $436K | 50x | as long as short |
| Polymarket Perps BNB-USD | +0.0100% | 1h | 796.05 | +0.003% | $111K | $887K | 10x | as long as short |
| Orderly PERP_BNB_USDC | +0.0100% | 8h | 796.10 | +0.010% | $385K | $468K | 50x | as long as short |
| Derive BNB-PERP | +0.0100% | 1h | 796.26 | +0.029% | $32K | $9K | 10x | as long as short |
| SunX BNB-USDT | +0.0100% | 8h | 797.83 | +0.227% | $13K | $1.6M | 50x | as long as short |
| SoDEX BNB-USD | +0.0100% | 1h | 797.30 | +0.160% | $392K | $995K | 10x | as long as short |
| HTX BNB-USDT | +0.0100% | 8h | 796.96 | +0.118% | $8.2M | $8.4M | 75x | as long as short |
| Paradex BNB-USD-PERP | +0.0100% | 8h | 796.88 | +0.107% | $78K | $18K | 50x | as long as short |
| Extended BNB-USD | +0.0104% | 1h | 795.72 | −0.039% | $1.8M | $6.0M | 50x | as long as short |
| Aevo BNB-PERP | +0.0104% | 1h | 796.09 | +0.008% | $382K | $110K | 10x | as long as short |
| Bulk BNB-USDshort | +0.0133% | 1h | 798.69 | +0.335% | $649K | $10K | 10x | |
| RISEx BNB/USDC | +0.0155% | 1h | 796.11 | +0.010% | $1.1M | $1.4M | 20x | as long as short |
| Kalshi KXBNBPERP | +0.0164% | 8h | 797.90 | +0.236% | $104K | $2.8M | 4.8x | as long as short |
| dYdX BNB-USD | +0.0188% | 1h | 796.05 | +0.004% | $161K | $63K | 10x | as long as short |
| BloFin BNB-USDT | +0.0190% | 8h | 797.60 | +0.198% | $18.1M | $2.5M | 75x | as long as short |
| 01 Exchange BNBUSD | +0.0200% | 1h | 796.79 | +0.096% | $28K | $1K | 10x | as long as short |
| Deribit BNB_USDC-PERPETUAL | +0.0200% | 1h | 797.76 | +0.219% | $1.6M | $161K | 25x | as long as short |
| Hyperliquid BNB | +0.0279% | 1h | 796.98 | +0.120% | $53.0M | $20.1M | 10x | as long as short |
| Reya BNBRUSDPERP | +0.0329% | 1h | 795.80 | −0.029% | $6K | $3K | 40x | as long as short |
| Hibachi BNB/USDT-P | +0.0400% | 1h | 797.86 | +0.230% | $68K | $38K | 12x | as long as short |
| Backpack BNB_USDC_PERP | +0.0426% | 1h | 797.55 | +0.192% | $2.7M | $5.7M | 40x | as long as short |
Aster BNBUSDT
Coinbase International BNB-PERP-INTX
BingX BNB-USDC
Binance BNBUSDT
Bybit BNBUSDT
MEXC BNB_USDT
Lighter BNB
Phoenix BNB
Nado BNB-PERP
Pacifica BNB
OKX BNB-USDT-SWAP
Arcus BNB-USD
KuCoin BNBUSDTM
Bitget BNBUSDT
edgeX BNBUSDC
ApeX Omni BNBUSDT
Polymarket Perps BNB-USD
Orderly PERP_BNB_USDC
Derive BNB-PERP
SunX BNB-USDT
SoDEX BNB-USD
HTX BNB-USDT
Paradex BNB-USD-PERP
Extended BNB-USD
Aevo BNB-PERP
RISEx BNB/USDC
Kalshi KXBNBPERP
dYdX BNB-USD
BloFin BNB-USDT
01 Exchange BNBUSD
Deribit BNB_USDC-PERPETUAL
Hyperliquid BNB
Reya BNBRUSDPERP
Hibachi BNB/USDT-P
Backpack BNB_USDC_PERP