Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.006%

Price spread now: Gate against Arcus−0.075%7-day average −0.114% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$42as in the Price arb table

costs, in and out, $10k−$460.463% of the position

Long on Arcus Short on Gate

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.077%−$8 on $10k

Price spread, last 4 days (all we have)−0.042%−$4 · spread now −0.075%, 7d avg −0.114%

Together, before fees−0.119%−$12 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: Gate is 0.040% dearer against Arcus than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.114%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus BNB-USD	803.10	0.0100	pay 0.0013% / 1h	47m 52s	$53K	$133K	10x
Short	Gate BNB_USDT	802.50	0.0100	get 0.0100% / 8h	47m 52s	$35.9M	$57.7M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Arcus. 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 ArcusbpFee GatebpOrdersPrice spread, now −0.075%Rate

Funding earned: $0
Price spread: −0.075% → −0.114%: $3.96
Slippage, 4 orders: −$26.8
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$42.34
Costs to cover: 0.463%
Break-even: never at this rate

Slippage from Arcus: live order book, 30 min ago; Gate: live order book, 1 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 Arcus live order book, 30 min ago	5.61 bp	13.4 bp −$13	27.6 bp −$276	doesn't fit	doesn't fit
Sell Gate live order book, 1 min ago	0.62 bp	8.4 bp −$8	10.4 bp −$104	28.5 bp −$2,853	59.3 bp −$29.7K

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 −0.0201% / S +0.0372%	1h	802.75	−0.043%	$48K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	802.98	−0.015%	$4K	$1K	25x	as long as short
Kraken Futures PF_BNBUSD	−0.0074%	1h	802.78	−0.039%	$2.6M	$969K	50x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	803.04	−0.007%	$3.0M	$28.1M	10x	as long as short
StandX BNB-USD	0.0000%	1h	803.39	+0.036%	$868K	$2.9M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	802.82	−0.035%	$9.8M	—	150x	as long as short
Variational Omni BNB	+0.0029%	8h	802.05	−0.131%	$4.2M	$5.4M	—	as long as short
BingX BNB-USDC	+0.0053%	8h	802.82	−0.035%	—	$13.3M	—	as long as short
Bybit BNBUSDT	+0.0063%	8h	802.40	−0.087%	$139.4M	$78.6M	75x	as long as short
Coinbase International BNB-PERP-INTX	+0.0072%	1h	800.72	−0.296%	$607K	$995K	50x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter BNB	+0.0096%	1h	803.07	−0.004%	$2.8M	$4.1M	20x	as long as short
Nado BNB-PERP	+0.0100%	1h	802.45	−0.081%	$1.4M	$2.7M	20x	as long as short
Pacifica BNB	+0.0100%	1h	803.06	−0.005%	$1.2M	$926K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	802.50	−0.075%	$54.7M	$113.6M	50x	as long as short
Arcus BNB-USDlong	+0.0100%	1h	803.10	long leg	$53K	$133K	10x
Gate BNB_USDTshort	+0.0100%	8h	802.50	−0.075%	$35.9M	$57.7M	75x
KuCoin BNBUSDTM	+0.0100%	8h	802.62	−0.060%	$28.1M	$10.3M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	802.49	−0.076%	$79.6M	$27.4M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	803.14	+0.005%	$4.2M	$77.7M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	802.77	−0.041%	$162K	$442K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	802.70	−0.050%	$119K	$874K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	802.75	−0.044%	$388K	$497K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	802.99	−0.014%	$32K	$5K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	803.48	+0.047%	$13K	$1.7M	50x	as long as short
HTX BNB-USDT	+0.0100%	8h	802.87	−0.029%	$8.2M	$7.9M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	803.43	+0.041%	$78K	$19K	50x	as long as short
Aster BNBUSDT	+0.0103%	8h	803.41	+0.039%	$6.3M	$19.0M	200x	as long as short
Extended BNB-USD	+0.0104%	1h	802.31	−0.099%	$1.9M	$6.4M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	802.81	−0.036%	$386K	$40K	10x	as long as short
Phemex BNBUSDT	+0.0111%	8h	803.39	+0.036%	$70.2M	$51.0M	50x	as long as short
Kalshi KXBNBPERP	+0.0113%	8h	803.30	+0.025%	$110K	$2.9M	4.8x	as long as short
MEXC BNB_USDT	+0.0124%	8h	803.70	+0.075%	$83.6M	$13.5M	200x	as long as short
Binance BNBUSDT	+0.0125%	8h	803.41	+0.039%	$502.5M	$818.0M	75x	as long as short
Phoenix BNB	+0.0127%	1h	803.03	−0.009%	$173K	$36K	10x	as long as short
SoDEX BNB-USD	+0.0151%	1h	802.90	−0.025%	$395K	$1.0M	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0200%	1h	803.22	+0.015%	$1.6M	$165K	25x	as long as short
Hibachi BNB/USDT-P	+0.0240%	1h	802.75	−0.044%	$71K	$49K	12x	as long as short
BloFin BNB-USDT	+0.0245%	8h	803.14	+0.005%	$18.2M	$2.6M	75x	as long as short
Hyperliquid BNB	+0.0253%	1h	803.49	+0.049%	$52.0M	$21.4M	10x	as long as short
RISEx BNB/USDC	+0.0258%	1h	803.03	−0.009%	$1.1M	$1.4M	20x	as long as short
Injective BNB/USDC PERP	+0.0306%	1h	805.09	+0.248%	$19K	$789K	30x	as long as short
Bulk BNB-USD	+0.0309%	1h	803.58	+0.060%	$653K	$20K	10x	as long as short
Reya BNBRUSDPERP	+0.0332%	1h	802.35	−0.093%	$6K	$3K	40x	as long as short
Backpack BNB_USDC_PERP	+0.0345%	1h	803.65	+0.068%	$2.7M	$5.7M	40x	as long as short
01 Exchange BNBUSD	+0.0384%	1h	803.56	+0.057%	$28K	$1K	10x	as long as short
dYdX BNB-USD	+0.0461%	1h	802.89	−0.026%	$162K	$62K	10x	as long as short