Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0052%/8h= +5.7% APRpaid last 24h +0.001%

Price spread now: Extended against Gate−0.002%7-day average −0.040% · you buy dearer than you sell

Net, funding: paid 7d − costs−$20as in the Funding arb table

Net, price: spread back to 7d avg − costs−$20as in the Price arb table

costs, in and out, $10k−$240.242% of the position

Long on Gate Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.039%+$4 on $10k

Price spread, last 7 days+0.027%+$3 · spread now −0.002%, 7d avg −0.040%

Together, before fees+0.066%+ Points / potential airdropExtended: Active · farm board+$7 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Extended is 0.038% dearer against Gate than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.040%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate BNB_USDT	793.00	0.0052	pay 0.0052% / 8h	6h 20m	$35.4M	$56.4M	75x
Short	Extended BNB-USD	792.99	0.0104	get 0.0013% / 1h	20m 03s	$1.7M	$5.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.002%Rate

Funding earned: $10.92
Price spread: −0.002% → −0.040%: $3.82
Slippage, 4 orders: −$4.24
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$9.5
Costs to cover: 0.242%
Break-even: 13.1 days

Slippage from Gate: live order book, 4 min ago; Extended: live order book, 4 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, 4 min ago	0.31 bp	9.0 bp −$9	9.7 bp −$97	24.5 bp −$2,449	55.5 bp −$27.8K
Sell Extended live order book, 4 min ago	0.06 bp	2.8 bp −$3	4.2 bp −$42	doesn't fit	doesn't fit

BNB on 45 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 −0.0167% / S +0.0335%	1h	793.48	+0.061%	$46K	—	200x	as long as short
Kraken Futures PF_BNBUSD	−0.0132%	1h	792.90	−0.013%	$2.5M	$1.0M	50x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	794.69	+0.213%	$4K	$239	25x	as long as short
StandX BNB-USD	0.0000%	1h	795.71	+0.342%	$860K	$3.1M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	793.49	+0.062%	$9.7M	—	150x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+1.525%	$19K	$789K	30x	as long as short
Aster BNBUSDT	+0.0035%	8h	793.56	+0.071%	$6.1M	$19.7M	200x	as long as short
Variational Omni BNB	+0.0038%	8h	794.10	+0.139%	$4.1M	$4.9M	—	as long as short
BingX BNB-USDC	+0.0050%	8h	794.37	+0.173%	—	$13.4M	—	as long as short
Gate BNB_USDTlong	+0.0052%	8h	793.00	long leg	$35.4M	$56.4M	75x

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International BNB-PERP-INTX	+0.0056%	1h	795.53	+0.319%	$610K	$1.1M	50x	as long as short
Phemex BNBUSDT	+0.0060%	8h	793.58	+0.073%	$69.4M	$50.7M	50x	as long as short
Binance BNBUSDT	+0.0062%	8h	793.82	+0.103%	$493.8M	$810.2M	75x	as long as short
MEXC BNB_USDT	+0.0063%	8h	794.10	+0.139%	$82.4M	$12.8M	200x	as long as short
GRVT BNB_USDT_Perp	+0.0070%	8h	795.62	+0.331%	$3.0M	$28.5M	10x	as long as short
dYdX BNB-USD	+0.0077%	1h	793.86	+0.108%	$160K	$63K	10x	as long as short
Phoenix BNB	+0.0088%	1h	794.99	+0.251%	$171K	$36K	10x	as long as short
Lighter BNB	+0.0096%	1h	793.25	+0.032%	$2.8M	$4.0M	20x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	793.01	+0.001%	$383K	$409K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	793.75	+0.095%	$1.4M	$2.7M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	793.50	+0.063%	$52.0M	$19.3M	10x	as long as short
Pacifica BNB	+0.0100%	1h	794.04	+0.131%	$1.2M	$925K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	793.26	+0.033%	$138.7M	$75.7M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	793.10	+0.013%	$53.2M	$110.1M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	793.90	+0.113%	$52K	$134K	10x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	793.16	+0.020%	$27.7M	$10.1M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	793.05	+0.006%	$77.2M	$28.1M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	795.49	+0.313%	$4.1M	$76.8M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	795.56	+0.323%	$160K	$436K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	793.54	+0.068%	$111K	$886K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	793.25	+0.032%	$32K	$9K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	794.14	+0.143%	$12K	$1.6M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	793.10	+0.013%	$390K	$997K	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	793.92	+0.116%	$8.1M	$8.9M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	794.35	+0.170%	$77K	$17K	50x	as long as short
Extended BNB-USDshort	+0.0104%	1h	792.99	−0.002%	$1.7M	$5.8M	50x
Aevo BNB-PERP	+0.0104%	1h	793.03	+0.004%	$381K	$110K	10x	as long as short
RISEx BNB/USDC	+0.0131%	1h	793.98	+0.123%	$1.1M	$1.1M	20x	as long as short
Kalshi KXBNBPERP	+0.0156%	8h	794.30	+0.164%	$113K	$2.7M	4.8x	as long as short
Bulk BNB-USD	+0.0195%	1h	795.93	+0.369%	$644K	$16K	10x	as long as short
01 Exchange BNBUSD	+0.0256%	1h	794.17	+0.148%	$28K	$3K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	793.43	+0.054%	$1.6M	$160K	25x	as long as short
Reya BNBRUSDPERP	+0.0329%	1h	793.30	+0.037%	$6K	$3K	40x	as long as short
Backpack BNB_USDC_PERP	+0.0383%	1h	793.90	+0.113%	$2.7M	$5.7M	40x	as long as short
Hibachi BNB/USDT-P	+0.0528%	1h	794.78	+0.225%	$68K	$38K	12x	as long as short