Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0093%/8h= −10.2% APRpaid last 24h −0.028%

Price spread now: gTrade (Gains Network) against KuCoin+0.006%7-day average −0.004% · 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−$290as in the Price arb table

costs, in and out, $10k−$2912.906% of the position

Long on KuCoin Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.085%−$9 on $10k

Price spread, last 7 days+0.003%$0 · spread now +0.006%, 7d avg −0.004%

Together, before fees−0.082%−$8 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.004%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin BNBUSDTM	784.79	0.0100	pay 0.0100% / 8h	35m 01s	$27.6M	$10.2M	75x
Short	gTrade (Gains Network) BNB/USD	784.84	L +0.0007% / S −0.0007%	get 0.0001% / 1h	35m 01s	$9.5M	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against KuCoin. 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 KuCoinbpFee gTrade (Gains Network)bpOrdersPrice spread, now +0.006%Rate

Funding earned: −$19.49
Price spread: +0.006% → −0.004%: $0.95
Slippage, 4 orders: −$268.59
Fee KuCoin: 6 bp × 2 orders: −$12
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$309.13
Costs to cover: 2.906%
Break-even: never at this rate

Slippage from KuCoin: live order book, 4 min ago; gTrade (Gains Network): virtual book (oracle venue), 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 KuCoin live order book, 4 min ago	0.45 bp	10.6 bp −$11	18.8 bp −$188	doesn't fit	doesn't fit
Sell gTrade (Gains Network) virtual book (oracle venue), 4 min ago	130.01 bp	135.0 bp −$135	135.0 bp −$1,350	484.2 bp −$48.4K	3301.4 bp −$1.65M

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 −0.0168% / S +0.0337%	1h	784.81	+0.002%	$43K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	785.18	+0.050%	$4K	$42	25x	as long as short
Kraken Futures PF_BNBUSD	−0.0050%	1h	784.88	+0.012%	$2.5M	$1.2M	50x	as long as short
StandX BNB-USD	0.0000%	1h	785.75	+0.122%	$847K	$2.7M	30x	as long as short
gTrade (Gains Network) BNB/USDshort	L +0.0007% / S −0.0007%	1h	784.84	+0.006%	$9.5M	—	150x
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.587%	$19K	$789K	30x	as long as short
Aster BNBUSDT	+0.0041%	8h	785.35	+0.071%	$6.0M	$18.9M	200x	as long as short
BingX BNB-USDT	+0.0043%	8h	785.19	+0.051%	—	$22.3M	—	as long as short
MEXC BNB_USDT	+0.0052%	8h	786.10	+0.167%	$80.9M	$12.0M	200x	as long as short
Binance BNBUSDT	+0.0053%	8h	785.64	+0.108%	$488.2M	$823.0M	75x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX BNB-USD	+0.0068%	1h	784.94	+0.019%	$159K	$62K	10x	as long as short
Phemex BNBUSDT	+0.0082%	8h	785.51	+0.092%	$68.6M	$51.5M	50x	as long as short
Lighter BNB	+0.0096%	1h	784.99	+0.026%	$2.7M	$3.8M	20x	as long as short
Phoenix BNB	+0.0100%	1h	786.10	+0.167%	$167K	$35K	10x	as long as short
Nado BNB-PERP	+0.0100%	1h	784.70	−0.011%	$1.3M	$2.7M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	785.65	+0.110%	$51.4M	$17.7M	10x	as long as short
Pacifica BNB	+0.0100%	1h	785.12	+0.042%	$1.2M	$934K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	785.00	+0.027%	$138.1M	$74.9M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	784.90	+0.014%	$53.4M	$113.2M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	785.10	+0.040%	$52K	$129K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	784.95	+0.020%	$38.3M	$57.7M	75x	as long as short
KuCoin BNBUSDTMlong	+0.0100%	8h	784.79	long leg	$27.6M	$10.2M	75x
Bitget BNBUSDT	+0.0100%	8h	784.77	−0.003%	$76.0M	$31.9M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	785.37	+0.074%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	784.70	−0.012%	$4.0M	$4.7M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	785.78	+0.126%	$4.1M	$76.2M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	785.94	+0.147%	$158K	$437K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	784.70	−0.011%	$131K	$953K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	784.86	+0.009%	$264K	$422K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	784.96	+0.022%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	785.28	+0.062%	$12K	$1.5M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	785.10	+0.040%	$386K	$972K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0100%	1h	785.20	+0.053%	$1.5M	$145K	25x	as long as short
HTX BNB-USDT	+0.0100%	8h	785.06	+0.034%	$8.0M	$10.3M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	785.33	+0.069%	$78K	$18K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	784.68	−0.013%	$1.8M	$5.8M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	784.85	+0.008%	$377K	$110K	10x	as long as short
Coinbase International BNB-PERP-INTX	+0.0104%	1h	785.57	+0.099%	$554K	$1.9M	50x	as long as short
Kalshi KXBNBPERP	+0.0109%	8h	785.60	+0.103%	$170K	$2.7M	4.8x	as long as short
BloFin BNB-USDT	+0.0173%	8h	785.33	+0.069%	$17.7M	$2.2M	75x	as long as short
Bulk BNB-USD	+0.0201%	1h	786.50	+0.218%	$637K	$831	10x	as long as short
GRVT BNB_USDT_Perp	+0.0224%	8h	786.60	+0.231%	$2.9M	$28.6M	10x	as long as short
01 Exchange BNBUSD	+0.0256%	1h	785.32	+0.068%	$28K	$4K	10x	as long as short
Reya BNBRUSDPERP	+0.0321%	1h	784.53	−0.033%	$6K	$3K	40x	as long as short
RISEx BNB/USDC	+0.0350%	1h	785.09	+0.038%	$1.1M	$906K	20x	as long as short
Hibachi BNB/USDT-P	+0.0464%	1h	785.45	+0.084%	$67K	$39K	12x	as long as short