BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0133%/8h= −14.6% APRnext payment −$1.33 per $10,000 · paid last 24h −0.047%

Price spread now: Gate against BloFin−0.184%48s7-day average −0.102% · you buy dearer than you sell

Net, funding: paid 7d − costs−$53as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$310.313% of the position

Long on BloFin Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.215%−$21 on $10k

Price spread, last 3 days (all we have)+0.159%+$16 · spread now −0.184%, 7d avg −0.102%

Together, before fees−0.056%−$6 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Gate is 0.082% cheaper against BloFin than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of −0.102%). Swap the legs. The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin BNB-USDT	799.57	0.0233	pay 0.0233% / 8h	26m 22s	$18.3M	$2.5M	75x
Short	Gate BNB_USDT	798.10	0.0100	get 0.0100% / 8h	26m 22s	$35.7M	$58.1M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against BloFin. 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 BloFinbpFee GatebpOrdersPrice spread, now −0.184%Rate

Funding earned: −$27.97
Price spread: −0.184% → −0.102%: −$8.21
Slippage, 4 orders: −$4.32
Fee BloFin: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$67.5
Costs to cover: 0.313%
Break-even: never at this rate

Slippage from BloFin: live order book, 3 min ago; Gate: live order book, 3 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 BloFin live order book, 3 min ago	0.06 bp	6.1 bp −$6	6.9 bp −$69	11.0 bp −$1,097	doesn't fit
Sell Gate live order book, 3 min ago	0.94 bp	9.8 bp −$10	12.3 bp −$123	28.1 bp −$2,809	58.4 bp −$29.2K

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	798.27	−0.163%	$47K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	798.81	−0.095%	$4K	$1K	25x	as long as short
Kraken Futures PF_BNBUSD	−0.0074%	1h	797.76	−0.226%	$2.5M	$972K	50x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	800.28	+0.089%	$3.0M	$28.0M	10x	as long as short
StandX BNB-USD	0.0000%	1h	799.62	+0.006%	$864K	$2.9M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	798.36	−0.151%	$9.7M	—	150x	as long as short
Variational Omni BNB	+0.0013%	8h	798.06	−0.189%	$4.1M	$5.4M	—	as long as short
BingX BNB-USDC	+0.0040%	8h	798.47	−0.138%	—	$13.3M	—	as long as short
Bybit BNBUSDT	+0.0045%	8h	797.80	−0.221%	$138.4M	$77.0M	75x	as long as short
Coinbase International BNB-PERP-INTX	+0.0072%	1h	799.89	+0.040%	$606K	$986K	50x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster BNBUSDT	+0.0091%	8h	798.83	−0.093%	$6.3M	$18.9M	200x	as long as short
Lighter BNB	+0.0096%	1h	798.67	−0.113%	$2.8M	$4.1M	20x	as long as short
Nado BNB-PERP	+0.0100%	1h	798.04	−0.192%	$1.4M	$2.7M	20x	as long as short
Pacifica BNB	+0.0100%	1h	798.78	−0.099%	$1.2M	$926K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	797.70	−0.234%	$54.3M	$112.7M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	798.80	−0.096%	$53K	$133K	10x	as long as short
Gate BNB_USDTshort	+0.0100%	8h	798.10	−0.184%	$35.7M	$58.1M	75x
KuCoin BNBUSDTM	+0.0100%	8h	798.18	−0.174%	$27.9M	$10.3M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	797.56	−0.251%	$79.0M	$27.5M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	799.89	+0.040%	$4.2M	$76.1M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	800.17	+0.075%	$161K	$441K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	798.27	−0.163%	$116K	$875K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	797.91	−0.208%	$386K	$497K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	798.01	−0.195%	$32K	$5K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	798.92	−0.082%	$13K	$1.7M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	798.10	−0.184%	$392K	$1.0M	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0100%	1h	798.32	−0.157%	$1.6M	$165K	25x	as long as short
HTX BNB-USDT	+0.0100%	8h	798.52	−0.132%	$8.2M	$8.0M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	799.00	−0.071%	$78K	$19K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	797.50	−0.259%	$1.8M	$6.5M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	798.14	−0.178%	$383K	$40K	10x	as long as short
Binance BNBUSDT	+0.0112%	8h	798.82	−0.094%	$498.8M	$816.4M	75x	as long as short
Phemex BNBUSDT	+0.0112%	8h	798.48	−0.136%	$69.8M	$50.5M	50x	as long as short
MEXC BNB_USDT	+0.0113%	8h	799.30	−0.034%	$83.0M	$13.5M	200x	as long as short
Kalshi KXBNBPERP	+0.0122%	8h	799.70	+0.016%	$110K	$2.9M	4.8x	as long as short
Phoenix BNB	+0.0127%	1h	800.12	+0.069%	$172K	$36K	10x	as long as short
Hibachi BNB/USDT-P	+0.0176%	1h	798.93	−0.080%	$70K	$43K	12x	as long as short
Hyperliquid BNB	+0.0178%	1h	799.04	−0.066%	$51.7M	$21.1M	10x	as long as short
BloFin BNB-USDTlong	+0.0233%	8h	799.57	long leg	$18.3M	$2.5M	75x
Bulk BNB-USD	+0.0239%	1h	800.03	+0.058%	$650K	$19K	10x	as long as short
RISEx BNB/USDC	+0.0258%	1h	798.57	−0.126%	$1.1M	$1.4M	20x	as long as short
01 Exchange BNBUSD	+0.0296%	1h	799.02	−0.069%	$28K	$1K	10x	as long as short
Injective BNB/USDC PERP	+0.0306%	1h	805.09	+0.690%	$19K	$789K	30x	as long as short
Reya BNBRUSDPERP	+0.0331%	1h	797.89	−0.211%	$6K	$3K	40x	as long as short
dYdX BNB-USD	+0.0384%	1h	798.50	−0.133%	$161K	$62K	10x	as long as short
Backpack BNB_USDC_PERP	+0.0403%	1h	799.97	+0.050%	$2.7M	$5.7M	40x	as long as short