Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: KuCoin against Gate−0.039%7-day average −0.003% · you buy dearer than you sell

Net, funding: paid 7d − costs−$37as in the Funding arb table

Net, price: spread back to 7d avg − costs−$43as in the Price arb table

costs, in and out, $10k−$400.396% of the position

Long on Gate Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.026%+$3 on $10k

Price spread, last 7 days+0.029%+$3 · spread now −0.039%, 7d avg −0.003%

Together, before fees+0.055%+$5 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: KuCoin is 0.036% cheaper against Gate than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of −0.003%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate BNB_USDT	787.40	0.0100	pay 0.0100% / 8h	1h 13m	$37.8M	$59.4M	75x
Short	KuCoin BNBUSDTM	787.09	0.0100	get 0.0100% / 8h	1h 13m	$27.7M	$10.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.039%Rate

Funding earned: $0
Price spread: −0.039% → −0.003%: −$3.6
Slippage, 4 orders: −$12.6
Fee Gate: 7.5 bp × 2 orders: −$15
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$43.2
Costs to cover: 0.396%
Break-even: never at this rate

Slippage from Gate: live order book, 5 min ago; KuCoin: live order book, 5 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, 5 min ago	0.32 bp	9.9 bp −$10	12.9 bp −$129	28.9 bp −$2,890	59.9 bp −$30.0K
Sell KuCoin live order book, 5 min ago	0.38 bp	9.8 bp −$10	16.3 bp −$163	45.6 bp −$4,564	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 −0.0170% / S +0.0337%	1h	787.34	−0.008%	$43K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	787.59	+0.024%	$4K	$42	25x	as long as short
StandX BNB-USD	0.0000%	1h	788.18	+0.099%	$850K	$2.8M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	787.16	−0.031%	$9.5M	—	150x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.247%	$19K	$789K	30x	as long as short
BingX BNB-USDC	+0.0050%	8h	787.41	+0.001%	—	$13.4M	—	as long as short
Aster BNBUSDT	+0.0050%	8h	787.99	+0.075%	$6.1M	$18.8M	200x	as long as short
MEXC BNB_USDT	+0.0060%	8h	788.60	+0.152%	$81.1M	$12.1M	200x	as long as short
Binance BNBUSDT	+0.0060%	8h	788.00	+0.076%	$490.5M	$819.7M	75x	as long as short
dYdX BNB-USD	+0.0065%	1h	787.28	−0.015%	$160K	$62K	10x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex BNBUSDT	+0.0076%	8h	787.83	+0.055%	$68.8M	$51.2M	50x	as long as short
Coinbase International BNB-PERP-INTX	+0.0080%	1h	787.30	−0.013%	$568K	$1.9M	50x	as long as short
Lighter BNB	+0.0096%	1h	787.53	+0.016%	$2.7M	$3.9M	20x	as long as short
Nado BNB-PERP	+0.0100%	1h	787.25	−0.019%	$1.4M	$2.7M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	788.07	+0.085%	$51.6M	$17.7M	10x	as long as short
Pacifica BNB	+0.0100%	1h	787.65	+0.032%	$1.2M	$933K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	787.23	−0.022%	$138.6M	$74.9M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	787.20	−0.025%	$53.6M	$113.1M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	787.60	+0.025%	$52K	$129K	10x	as long as short
Gate BNB_USDTlong	+0.0100%	8h	787.40	long leg	$37.8M	$59.4M	75x
KuCoin BNBUSDTMshort	+0.0100%	8h	787.09	−0.039%	$27.7M	$10.2M	75x
Bitget BNBUSDT	+0.0100%	8h	787.21	−0.024%	$76.2M	$31.2M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	787.69	+0.037%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	787.11	−0.037%	$4.1M	$4.8M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	787.77	+0.048%	$4.1M	$76.7M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	787.72	+0.041%	$159K	$438K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	787.30	−0.013%	$132K	$951K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	787.42	+0.003%	$265K	$470K	50x	as long as short
SunX BNB-USDT	+0.0100%	8h	787.81	+0.052%	$12K	$1.5M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	787.40	0.000%	$387K	$979K	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	787.55	+0.019%	$8.0M	$10.2M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	788.00	+0.077%	$78K	$18K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	787.03	−0.048%	$1.8M	$5.9M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	787.26	−0.018%	$378K	$110K	10x	as long as short
Kalshi KXBNBPERP	+0.0121%	8h	787.70	+0.038%	$170K	$2.7M	4.8x	as long as short
Phoenix BNB	+0.0135%	1h	787.80	+0.051%	$169K	$35K	10x	as long as short
BloFin BNB-USDT	+0.0181%	8h	787.93	+0.067%	$17.7M	$2.2M	75x	as long as short
Kraken Futures PF_BNBUSD	+0.0206%	1h	787.18	−0.027%	$2.5M	$1.2M	50x	as long as short
GRVT BNB_USDT_Perp	+0.0229%	8h	788.06	+0.084%	$2.9M	$29.3M	10x	as long as short
01 Exchange BNBUSD	+0.0248%	1h	788.01	+0.077%	$28K	$4K	10x	as long as short
Bulk BNB-USD	+0.0262%	1h	788.32	+0.117%	$639K	$4K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	787.65	+0.031%	$1.5M	$145K	25x	as long as short
Reya BNBRUSDPERP	+0.0321%	1h	787.10	−0.038%	$6K	$3K	40x	as long as short
RISEx BNB/USDC	+0.0438%	1h	787.58	+0.023%	$1.1M	$915K	20x	as long as short
Hibachi BNB/USDT-P	+0.0496%	1h	787.44	+0.005%	$67K	$39K	12x	as long as short