Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0103%/8h= +11.3% APRpaid last 24h −0.005%

Price spread now: Derive against Gate+0.126%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Gate Short on Derive

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Derive is 0.126% dearer against Gate than usual: you sell high and buy low: +$13 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate BNB_USDT	797.25	−0.0003	get 0.0003% / 8h	7h 07m	$35.8M	$57.1M	75x
Short	Derive BNB-PERP	798.26	0.0100	get 0.0013% / 1h	7m 44s	$32K	$9K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Derive 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 DerivebpOrdersPrice spread, now +0.126%Rate

Funding earned: $21.63
Price spread: +0.126% → 0.000%: $12.63
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Derive: 3 bp × 2 orders: −$6
Net: $13.26
Costs to cover: 0.210%
Break-even: 2.7 days

Slippage unknown: Gate: live order book, 1 min ago; Derive: no order-book sample. Net counts fees only.

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, 1 min ago	0.31 bp	9.3 bp −$9	10.8 bp −$108	25.7 bp −$2,570	56.5 bp −$28.3K
Sell Derive no order-book sample	—	—	—	—	—

Derive: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	798.17	+0.116%	$47K	—	200x	as long as short
Kraken Futures PF_BNBUSD	−0.0121%	1h	798.16	+0.115%	$2.5M	$1.0M	50x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	798.55	+0.163%	$4K	$239	25x	as long as short
Gate BNB_USDTlong	−0.0003%	8h	797.25	long leg	$35.8M	$57.1M	75x
GRVT BNB_USDT_Perp	0.0000%	8h	799.74	+0.312%	$3.0M	$27.9M	10x	as long as short
StandX BNB-USD	0.0000%	1h	799.57	+0.291%	$865K	$2.9M	30x	as long as short
Phemex BNBUSDT	0.0000%	8h	798.74	+0.187%	$69.8M	$50.2M	50x	as long as short
Variational Omni BNB	+0.0008%	8h	797.92	+0.084%	$4.1M	$5.1M	—	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	798.17	+0.116%	$9.7M	—	150x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+0.983%	$19K	$789K	30x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX BNB-USDC	+0.0035%	8h	797.56	+0.039%	—	$13.3M	—	as long as short
Coinbase International BNB-PERP-INTX	+0.0048%	1h	799.07	+0.228%	$615K	$1.1M	50x	as long as short
Aster BNBUSDT	+0.0048%	8h	798.04	+0.099%	$6.1M	$19.4M	200x	as long as short
Bybit BNBUSDT	+0.0071%	8h	797.30	+0.006%	$138.5M	$76.1M	75x	as long as short
MEXC BNB_USDT	+0.0072%	8h	798.70	+0.182%	$83.1M	$13.7M	200x	as long as short
Binance BNBUSDT	+0.0072%	8h	797.95	+0.088%	$495.7M	$810.1M	75x	as long as short
Lighter BNB	+0.0096%	1h	798.38	+0.141%	$2.8M	$4.0M	20x	as long as short
Phoenix BNB	+0.0099%	1h	799.02	+0.222%	$172K	$36K	10x	as long as short
Nado BNB-PERP	+0.0100%	1h	797.95	+0.088%	$1.5M	$2.7M	20x	as long as short
Pacifica BNB	+0.0100%	1h	798.26	+0.127%	$1.2M	$930K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	797.30	+0.006%	$54.2M	$110.7M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	798.30	+0.132%	$52K	$127K	10x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	797.63	+0.048%	$27.9M	$10.0M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	797.03	−0.028%	$78.1M	$28.0M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	798.74	+0.187%	$4.1M	$75.9M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	798.57	+0.166%	$161K	$436K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	797.97	+0.090%	$113K	$884K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	798.09	+0.105%	$386K	$459K	50x	as long as short
Derive BNB-PERPshort	+0.0100%	1h	798.26	+0.126%	$32K	$9K	10x
SunX BNB-USDT	+0.0100%	8h	798.53	+0.160%	$13K	$1.6M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	798.30	+0.132%	$392K	$996K	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	798.01	+0.095%	$8.2M	$8.3M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	798.54	+0.162%	$78K	$18K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	797.42	+0.021%	$1.8M	$6.0M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	798.13	+0.110%	$383K	$110K	10x	as long as short
Bulk BNB-USD	+0.0138%	1h	797.80	+0.069%	$648K	$10K	10x	as long as short
RISEx BNB/USDC	+0.0155%	1h	798.14	+0.111%	$1.1M	$1.4M	20x	as long as short
Kalshi KXBNBPERP	+0.0161%	8h	798.60	+0.169%	$90K	$2.8M	4.8x	as long as short
dYdX BNB-USD	+0.0189%	1h	798.50	+0.157%	$161K	$63K	10x	as long as short
BloFin BNB-USDT	+0.0192%	8h	799.07	+0.228%	$18.1M	$2.5M	75x	as long as short
01 Exchange BNBUSD	+0.0200%	1h	798.56	+0.164%	$28K	$1K	10x	as long as short
Hyperliquid BNB	+0.0285%	1h	798.11	+0.108%	$53.0M	$20.1M	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	798.63	+0.173%	$1.6M	$161K	25x	as long as short
Reya BNBRUSDPERP	+0.0330%	1h	797.86	+0.076%	$6K	$3K	40x	as long as short
Hibachi BNB/USDT-P	+0.0344%	1h	798.94	+0.212%	$68K	$39K	12x	as long as short
Backpack BNB_USDC_PERP	+0.0431%	1h	798.53	+0.161%	$2.7M	$5.7M	40x	as long as short