Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0145%/8h= +15.8% APRpaid last 24h +0.102%

Price spread now: dYdX against Gate+0.049%7-day average +0.016% · you sell dearer than you buy

Net, funding: paid 7d − costs−$10as in the Funding arb table

Net, price: spread back to 7d avg − costs−$54as in the Price arb table

costs, in and out, $10k−$570.573% of the position

Long on Gate Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.473%+$47 on $10k

Price spread, last 4 days (all we have)−0.038%−$4 · spread now +0.049%, 7d avg +0.016%

Together, before fees+0.435%+$43 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and dYdX is 0.033% dearer against Gate than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.016%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate BNB_USDT	798.55	0.0089	pay 0.0089% / 8h	7h 30m	$35.7M	$56.2M	75x
Short	dYdX BNB-USD	798.94	0.0234	get 0.0029% / 1h	30m 47s	$161K	$63K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX 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 dYdXbpOrdersPrice spread, now +0.049%Rate

Funding earned: $30.39
Price spread: +0.049% → +0.016%: $3.32
Slippage, 4 orders: −$32.29
Fee Gate: 7.5 bp × 2 orders: −$15
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$23.58
Costs to cover: 0.573%
Break-even: 12.4 days

Slippage from Gate: live order book, 3 min ago; dYdX: live order book, 43 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, 3 min ago	0.31 bp	10.1 bp −$10	13.5 bp −$135	28.6 bp −$2,858	56.5 bp −$28.2K
Sell dYdX live order book, 43 min ago	9.69 bp	21.6 bp −$22	52.9 bp −$529	82.6 bp −$8,265	129.5 bp −$64.8K

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	+0.042%	$47K	—	200x	as long as short
Kraken Futures PF_BNBUSD	−0.0121%	1h	798.75	+0.025%	$2.5M	$965K	50x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	799.47	+0.115%	$4K	$239	25x	as long as short
BingX BNB-USDT	−0.0028%	8h	798.59	+0.005%	—	$35.0M	—	as long as short
Bybit BNBUSDT	−0.0019%	8h	798.30	−0.031%	$138.6M	$75.0M	75x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	798.97	+0.053%	$3.0M	$27.4M	10x	as long as short
StandX BNB-USD	0.0000%	1h	798.57	+0.003%	$863K	$2.9M	30x	as long as short
Phemex BNBUSDT	0.0000%	8h	799.36	+0.101%	$69.8M	$50.3M	50x	as long as short
Variational Omni BNB	+0.0003%	8h	798.43	−0.015%	$4.1M	$5.2M	—	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	798.95	+0.050%	$9.7M	—	150x	as long as short

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	+0.819%	$19K	$789K	30x	as long as short
Coinbase International BNB-PERP-INTX	+0.0048%	1h	798.73	+0.023%	$602K	$972K	50x	as long as short
Aster BNBUSDT	+0.0062%	8h	799.09	+0.068%	$6.2M	$19.1M	200x	as long as short
MEXC BNB_USDT	+0.0083%	8h	799.50	+0.119%	$83.1M	$13.6M	200x	as long as short
Binance BNBUSDT	+0.0084%	8h	799.08	+0.067%	$496.1M	$806.1M	75x	as long as short
Gate BNB_USDTlong	+0.0089%	8h	798.55	long leg	$35.7M	$56.2M	75x
Lighter BNB	+0.0096%	1h	798.77	+0.027%	$2.8M	$4.0M	20x	as long as short
Phoenix BNB	+0.0099%	1h	799.20	+0.081%	$172K	$36K	10x	as long as short
Nado BNB-PERP	+0.0100%	1h	798.65	+0.013%	$1.5M	$2.7M	20x	as long as short
Pacifica BNB	+0.0100%	1h	798.87	+0.040%	$1.2M	$924K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	798.30	−0.031%	$54.1M	$110.2M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	798.90	+0.044%	$53K	$133K	10x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	798.57	+0.003%	$27.9M	$10.0M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	798.35	−0.025%	$78.7M	$27.3M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	799.05	+0.063%	$4.2M	$76.4M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	799.10	+0.069%	$161K	$436K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	798.88	+0.041%	$116K	$873K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	798.86	+0.039%	$386K	$458K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	798.99	+0.056%	$32K	$5K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	799.42	+0.109%	$13K	$1.6M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	799.00	+0.056%	$393K	$1.0M	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	798.67	+0.016%	$8.2M	$8.2M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	799.32	+0.096%	$78K	$18K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	798.33	−0.027%	$1.8M	$6.3M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	798.88	+0.041%	$384K	$108K	10x	as long as short
Bulk BNB-USD	+0.0127%	1h	799.69	+0.142%	$649K	$10K	10x	as long as short
Kalshi KXBNBPERP	+0.0153%	8h	799.40	+0.106%	$91K	$2.8M	4.8x	as long as short
RISEx BNB/USDC	+0.0155%	1h	799.28	+0.092%	$1.1M	$1.4M	20x	as long as short
Hibachi BNB/USDT-P	+0.0168%	1h	798.62	+0.009%	$69K	$37K	12x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0200%	1h	799.34	+0.099%	$1.6M	$160K	25x	as long as short
BloFin BNB-USDT	+0.0204%	8h	799.42	+0.109%	$18.1M	$2.5M	75x	as long as short
01 Exchange BNBUSD	+0.0208%	1h	799.71	+0.145%	$28K	$1K	10x	as long as short
dYdX BNB-USDshort	+0.0234%	1h	798.94	+0.049%	$161K	$63K	10x
Hyperliquid BNB	+0.0308%	1h	799.51	+0.120%	$53.2M	$20.6M	10x	as long as short
Reya BNBRUSDPERP	+0.0330%	1h	798.56	+0.001%	$6K	$3K	40x	as long as short
Backpack BNB_USDC_PERP	+0.0394%	1h	799.50	+0.119%	$2.7M	$5.6M	40x	as long as short