Funding arb · Price arb /

BNB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC0.0000%/8hpaid last 24h +0.014%

Price spread now: Arcus against Gate+0.069%7-day average +0.117% · 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−$41as in the Price arb table

costs, in and out, $10k−$370.365% of the position

Long on Gate Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.072%+$7 on $10k

Price spread, last 3 days (all we have)+0.052%+$5 · spread now +0.069%, 7d avg +0.117%

Together, before fees+0.124%+$12 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: Arcus is 0.048% cheaper against Gate than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of +0.117%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate BNB_USDT	798.75	0.0100	pay 0.0100% / 8h	4h 05m	$35.8M	$59.6M	75x
Short	Arcus BNB-USD	799.30	0.0100	get 0.0013% / 1h	5m 58s	$53K	$221K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against Gate. 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 GatebpFee ArcusbpOrdersPrice spread, now +0.069%Rate

Funding earned: $0
Price spread: +0.069% → +0.117%: −$4.83
Slippage, 4 orders: −$17.01
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$41.34
Costs to cover: 0.365%
Break-even: never at this rate

Slippage from Gate: live order book, 2 min ago; Arcus: live order book, 26 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 Gate live order book, 2 min ago	0.31 bp	9.6 bp −$10	12.4 bp −$124	26.7 bp −$2,666	56.7 bp −$28.3K
Sell Arcus live order book, 26 min ago	4.37 bp	9.4 bp −$9	19.9 bp −$199	doesn't fit	doesn't fit

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 −0.0195% / S +0.0371%	1h	799.18	+0.054%	$48K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	800.04	+0.162%	$4K	$1K	25x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	799.79	+0.130%	$3.0M	$29.9M	10x	as long as short
StandX BNB-USD	0.0000%	1h	799.92	+0.146%	$865K	$3.1M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0008%	1h	799.18	+0.054%	$9.7M	—	150x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	800.33	+0.198%	$19K	$513K	30x	as long as short
Coinbase International BNB-PERP-INTX	+0.0056%	1h	800.07	+0.165%	$601K	$900K	50x	as long as short
Variational Omni BNB	+0.0070%	8h	798.95	+0.025%	$4.1M	$5.5M	—	as long as short
BingX BNB-USDT	+0.0078%	8h	799.05	+0.038%	—	$33.8M	—	as long as short
Aster BNBUSDT	+0.0090%	8h	799.68	+0.116%	$6.3M	$18.9M	200x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter BNB	+0.0096%	1h	799.49	+0.093%	$2.9M	$3.9M	20x	as long as short
MEXC BNB_USDT	+0.0097%	8h	800.30	+0.194%	$83.9M	$15.2M	200x	as long as short
Binance BNBUSDT	+0.0097%	8h	799.53	+0.098%	$516.2M	$802.7M	75x	as long as short
Nado BNB-PERP	+0.0100%	1h	798.83	+0.010%	$1.4M	$2.8M	20x	as long as short
Pacifica BNB	+0.0100%	1h	799.47	+0.090%	$1.2M	$916K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	798.72	−0.004%	$138.2M	$86.7M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	798.80	+0.006%	$54.9M	$116.3M	50x	as long as short
Arcus BNB-USDshort	+0.0100%	1h	799.30	+0.069%	$53K	$221K	10x
Gate BNB_USDTlong	+0.0100%	8h	798.75	long leg	$35.8M	$59.6M	75x
KuCoin BNBUSDTM	+0.0100%	8h	798.92	+0.021%	$28.0M	$10.5M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	798.72	−0.004%	$78.3M	$24.5M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	800.11	+0.170%	$4.2M	$76.0M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	800.09	+0.168%	$158K	$439K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	799.18	+0.054%	$120K	$881K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	799.21	+0.058%	$386K	$627K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	799.26	+0.064%	$32K	$5K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	799.86	+0.139%	$13K	$1.7M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	799.20	+0.056%	$393K	$1.0M	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	799.19	+0.055%	$8.2M	$7.0M	75x	as long as short
Bulk BNB-USD	+0.0100%	1h	799.93	+0.148%	$649K	$3K	10x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	799.79	+0.131%	$78K	$19K	50x	as long as short
Kalshi KXBNBPERP	+0.0101%	8h	799.90	+0.144%	$107K	$2.7M	4.8x	as long as short
Extended BNB-USD	+0.0104%	1h	798.74	−0.001%	$1.9M	$6.4M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	799.25	+0.063%	$384K	$40K	10x	as long as short
Phemex BNBUSDT	+0.0112%	8h	799.69	+0.118%	$69.9M	$51.7M	50x	as long as short
Phoenix BNB	+0.0151%	1h	799.88	+0.141%	$172K	$28K	10x	as long as short
RISEx BNB/USDC	+0.0165%	1h	799.42	+0.085%	$1.1M	$1.5M	20x	as long as short
Kraken Futures PF_BNBUSD	+0.0185%	1h	799.13	+0.048%	$2.5M	$914K	50x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0200%	1h	799.60	+0.106%	$1.6M	$159K	25x	as long as short
BloFin BNB-USDT	+0.0218%	8h	800.22	+0.184%	$18.9M	$3.0M	75x	as long as short
Hyperliquid BNB	+0.0224%	1h	799.82	+0.134%	$51.3M	$21.4M	10x	as long as short
01 Exchange BNBUSD	+0.0280%	1h	799.89	+0.143%	$28K	$1K	10x	as long as short
Hibachi BNB/USDT-P	+0.0312%	1h	799.93	+0.147%	$70K	$47K	12x	as long as short
Reya BNBRUSDPERP	+0.0335%	1h	798.82	+0.009%	$9K	—	40x	as long as short
dYdX BNB-USD	+0.0364%	1h	799.53	+0.098%	$169K	$55K	10x	as long as short
Backpack BNB_USDC_PERP	+0.0689%	1h	800.18	+0.179%	$3.0M	$5.3M	40x	as long as short