Settings8H · net · $10k
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Funding arb · Price arb /

BNB

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Alert: funding
Measured
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Alert: spread
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Funding you earn now, next payment 21:00 UTC+0.0012%/8h= +1.3% APRpaid last 24h +0.002%
Price spread now: Gate against Coinbase International+0.143%7-day average +0.002% · you sell dearer than you buy
Net, funding: paid 7d − costs−$27as in the Funding arb table
Net, price: spread back to 7d avg − costs−$18as in the Price arb table
costs, in and out, $10k−$320.322% of the position
Long on Coinbase InternationalShort on Gate
What this pair did over the last
the charts below follow
Funding, last 7 days+0.053%+$5 on $10k
Price spread, last 3 days (all we have)−0.038%−$4 · spread now +0.143%, 7d avg +0.002%
Together, before fees+0.014%+$1 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and Gate is 0.141% dearer against Coinbase International than usual: you sell high and buy low: +$14 more if the spread goes back to its 7-day average of +0.002%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongCoinbase International BNB-PERP-INTX804.800.0088pay 0.0011% / 1h22m 31s$609K$879K50x
ShortGate BNB_USDT805.950.0100get 0.0100% / 8h2h 22m$36.1M$58.7M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Gate against Coinbase International. 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

Funding earned
$2.52
Price spread: +0.143% → +0.002%
$14.13
Slippage, 4 orders
−$7.25
Fee Coinbase International: 5 bp × 2 orders
−$10
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$15.6
Costs to cover
0.322%
Break-even
50.3 days
Slippage from Coinbase International: live order book, 1 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
LegHalf-spread$10k$100k$1M$5M
Buy Coinbase International live order book, 1 min ago2.42 bp7.5 bp −$814.0 bp −$140doesn't fitdoesn't fit
Sell Gate live order book, 1 min ago0.31 bp7.8 bp −$89.6 bp −$9628.4 bp −$2,83758.5 bp −$29.3K

BNB on 46 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GMX BNB/USD [WBTC.b-USDC]L −0.0195% / S +0.0371%1h805.96+0.144%$49K—200xas long as short
Hotstuff BNB-PERP−0.0080%1h806.58+0.221%$4K$1K25xas long as short
GRVT BNB_USDT_Perp0.0000%8h805.40+0.075%$3.0M$29.4M10xas long as short
Kalshi KXBNBPERP0.0000%8h806.30+0.186%$112K$2.5M4.8xas long as short
StandX BNB-USD0.0000%1h805.99+0.148%$871K$2.9M30xas long as short
gTrade (Gains Network) BNB/USDL +0.0008% / S −0.0007%1h806.02+0.152%$9.8M—150xas long as short
Kraken Futures PF_BNBUSD+0.0038%1h806.05+0.155%$2.5M$908K50xas long as short
Variational Omni BNB+0.0048%8h805.22+0.052%$4.0M$5.4M—as long as short
BingX BNB-USDT+0.0052%8h806.16+0.169%—$34.5M—as long as short
Bybit BNBUSDT+0.0077%8h805.90+0.137%$139.8M$82.5M75xas long as short
Show all 46 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Coinbase International BNB-PERP-INTXlong+0.0088%1h804.80long leg$609K$879K50x
Aster BNBUSDT+0.0096%8h806.75+0.242%$6.4M$18.8M200xas long as short
Lighter BNB+0.0096%1h806.34+0.192%$2.8M$4.2M20xas long as short
Nado BNB-PERP+0.0100%1h805.87+0.133%$1.4M$2.8M20xas long as short
Pacifica BNB+0.0100%1h806.32+0.189%$1.2M$923K20xas long as short
OKX BNB-USDT-SWAP+0.0100%8h806.20+0.174%$55.2M$115.9M50xas long as short
Arcus BNB-USD+0.0100%1h806.50+0.211%$53K$168K10xas long as short
Gate BNB_USDTshort+0.0100%8h805.95+0.143%$36.1M$58.7M75x
KuCoin BNBUSDTM+0.0100%8h805.96+0.144%$28.2M$10.5M75xas long as short
Bitget BNBUSDT+0.0100%8h805.79+0.123%$79.3M$24.5M75xas long as short
edgeX BNBUSDC+0.0100%4h805.49+0.085%$4.2M$76.8M30xas long as short
ApeX Omni BNBUSDT+0.0100%1h805.60+0.099%$159K$438K50xas long as short
Polymarket Perps BNB-USD+0.0100%1h805.98+0.147%$119K$868K10xas long as short
Orderly PERP_BNB_USDC+0.0100%8h806.08+0.159%$390K$593K50xas long as short
Derive BNB-PERP+0.0100%1h806.22+0.176%$32K$5K10xas long as short
SunX BNB-USDT+0.0100%8h806.80+0.248%$13K$1.7M50xas long as short
Deribit BNB_USDC-PERPETUAL+0.0100%1h806.54+0.216%$1.6M$165K25xas long as short
HTX BNB-USDT+0.0100%8h805.60+0.100%$8.2M$7.5M75xas long as short
Paradex BNB-USD-PERP+0.0100%8h806.91+0.262%$79K$19K50xas long as short
Extended BNB-USD+0.0104%1h805.78+0.122%$1.9M$6.1M50xas long as short
Aevo BNB-PERP+0.0104%1h806.26+0.182%$387K$40K10xas long as short
MEXC BNB_USDT+0.0110%8h807.10+0.286%$84.7M$13.6M200xas long as short
Binance BNBUSDT+0.0112%8h806.82+0.251%$521.0M$804.3M75xas long as short
Phoenix BNB+0.0125%1h805.78+0.122%$173K$35K10xas long as short
Phemex BNBUSDT+0.0126%8h806.69+0.235%$70.4M$51.8M50xas long as short
Hyperliquid BNB+0.0182%1h806.85+0.255%$51.9M$21.4M10xas long as short
Bulk BNB-USD+0.0197%1h804.34−0.057%$650K$11K10xas long as short
SoDEX BNB-USD+0.0204%1h806.10+0.162%$396K$1.0M10xas long as short
RISEx BNB/USDC+0.0209%1h806.35+0.192%$1.2M$1.5M20xas long as short
BloFin BNB-USDT+0.0231%8h806.77+0.245%$18.8M$3.1M75xas long as short
Hibachi BNB/USDT-P+0.0240%1h805.61+0.101%$71K$48K12xas long as short
dYdX BNB-USD+0.0253%1h805.64+0.104%$170K$55K10xas long as short
Reya BNBRUSDPERP+0.0334%1h805.79+0.124%$6K$3K40xas long as short
01 Exchange BNBUSD+0.0344%1h807.09+0.285%$29K$1K10xas long as short
Injective BNB/USDC PERP+0.0353%1h804.89+0.011%$19K$627K30xas long as short
Backpack BNB_USDC_PERP+0.0652%1h806.87+0.257%$3.0M$5.5M40xas long as short