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

BNB

all BNB markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC+0.0092%/8h= +10.1% APRpaid last 24h +0.027%
Price spread now: Bitget against gTrade (Gains Network)−0.029%7-day average −0.037% · you buy dearer than you sell
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$284as in the Price arb table
costs, in and out, $10k−$2842.844% of the position
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.076%+$8 on $10k
Price spread, last 3 days (all we have)+0.022%+$2 · spread now −0.029%, 7d avg −0.037%
Together, before fees+0.098%+$10 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.037%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LonggTrade (Gains Network) BNB/USD804.10L +0.0008% / S −0.0007%pay 0.0001% / 1h6m 24s$9.8M150x
ShortBitget BNBUSDT803.860.0100get 0.0100% / 8h2h 06m$78.9M$24.8M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget against gTrade (Gains Network). 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
$19.35
Price spread: −0.029% → −0.037%
$0.71
Slippage, 4 orders
−$262.36
Fee gTrade (Gains Network): 5 bp × 2 orders
−$10
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$264.3
Costs to cover
2.844%
Break-even
102.6 days
Slippage from gTrade (Gains Network): virtual book (oracle venue), 3 min ago; Bitget: live order book, 3 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 gTrade (Gains Network) virtual book (oracle venue), 3 min ago130.01 bp135.0 bp −$135135.0 bp −$1,350416.8 bp −$41.7K2253.7 bp −$1.13M
Sell Bitget live order book, 3 min ago0.06 bp7.2 bp −$79.6 bp −$9613.8 bp −$1,377doesn't fit

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%1h804.06−0.005%$49K200xas long as short
Hotstuff BNB-PERP−0.0080%1h804.60+0.063%$4K$1K25xas long as short
GRVT BNB_USDT_Perp0.0000%8h805.17+0.134%$3.0M$29.5M10xas long as short
Kalshi KXBNBPERP0.0000%8h805.10+0.125%$114K$2.5M4.8xas long as short
StandX BNB-USD0.0000%1h804.76+0.082%$870K$2.8M30xas long as short
gTrade (Gains Network) BNB/USDlongL +0.0008% / S −0.0007%1h804.10long leg$9.8M150x
Kraken Futures PF_BNBUSD+0.0038%1h804.15+0.006%$2.5M$919K50xas long as short
Variational Omni BNB+0.0049%8h804.63+0.066%$4.1M$5.4Mas long as short
BingX BNB-USDT+0.0056%8h804.21+0.014%$34.5Mas long as short
Bybit BNBUSDT+0.0080%8h803.70−0.049%$139.5M$81.7M75xas long as short
Show all 46 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Coinbase International BNB-PERP-INTX+0.0088%1h805.15+0.131%$608K$881K50xas long as short
Lighter BNB+0.0096%1h804.49+0.049%$2.8M$4.2M20xas long as short
Aster BNBUSDT+0.0098%8h804.84+0.092%$6.4M$18.8M200xas long as short
Nado BNB-PERP+0.0100%1h803.91−0.024%$1.5M$2.8M20xas long as short
Pacifica BNB+0.0100%1h804.45+0.044%$1.2M$924K20xas long as short
OKX BNB-USDT-SWAP+0.0100%8h804.00−0.012%$55.1M$116.0M50xas long as short
Arcus BNB-USD+0.0100%1h804.60+0.063%$53K$170K10xas long as short
Gate BNB_USDT+0.0100%8h804.00−0.012%$36.1M$59.2M75xas long as short
KuCoin BNBUSDTM+0.0100%8h804.01−0.011%$28.1M$10.5M75xas long as short
Bitget BNBUSDTshort+0.0100%8h803.86−0.029%$78.9M$24.8M75x
edgeX BNBUSDC+0.0100%4h805.38+0.159%$4.2M$76.4M30xas long as short
ApeX Omni BNBUSDT+0.0100%1h804.81+0.089%$159K$436K50xas long as short
Polymarket Perps BNB-USD+0.0100%1h804.08−0.002%$116K$873K10xas long as short
Orderly PERP_BNB_USDC+0.0100%8h804.16+0.008%$389K$592K50xas long as short
Derive BNB-PERP+0.0100%1h804.58+0.060%$32K$5K10xas long as short
SunX BNB-USDT+0.0100%8h805.05+0.119%$13K$1.7M50xas long as short
Deribit BNB_USDC-PERPETUAL+0.0100%1h804.85+0.093%$1.6M$165K25xas long as short
HTX BNB-USDT+0.0100%8h804.90+0.100%$8.2M$7.5M75xas long as short
Paradex BNB-USD-PERP+0.0100%8h804.98+0.110%$79K$19K50xas long as short
Extended BNB-USD+0.0104%1h803.81−0.036%$1.9M$5.9M50xas long as short
Aevo BNB-PERP+0.0104%1h804.49+0.049%$386K$40K10xas long as short
MEXC BNB_USDT+0.0115%8h805.00+0.112%$84.5M$13.7M200xas long as short
Binance BNBUSDT+0.0115%8h804.75+0.081%$519.9M$805.6M75xas long as short
Phoenix BNB+0.0125%1h805.62+0.189%$173K$35K10xas long as short
Phemex BNBUSDT+0.0137%8h804.88+0.097%$70.2M$51.8M50xas long as short
SoDEX BNB-USD+0.0191%1h804.30+0.025%$396K$1.0M10xas long as short
Hyperliquid BNB+0.0203%1h804.78+0.085%$51.8M$22.0M10xas long as short
RISEx BNB/USDC+0.0209%1h804.54+0.055%$1.1M$1.4M20xas long as short
dYdX BNB-USD+0.0235%1h804.12+0.003%$170K$55K10xas long as short
BloFin BNB-USDT+0.0235%8h805.16+0.132%$18.9M$3.1M75xas long as short
Bulk BNB-USD+0.0258%1h805.37+0.158%$651K$14K10xas long as short
Hibachi BNB/USDT-P+0.0264%1h804.72+0.077%$71K$48K12xas long as short
Reya BNBRUSDPERP+0.0334%1h803.80−0.038%$6K$3K40xas long as short
01 Exchange BNBUSD+0.0344%1h805.02+0.115%$28K$1K10xas long as short
Injective BNB/USDC PERP+0.0353%1h804.89+0.099%$19K$627K30xas long as short
Backpack BNB_USDC_PERP+0.0650%1h805.27+0.146%$3.0M$5.5M40xas long as short