Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0092%/8h= +10.1% APRpaid last 24h +0.027%

Price spread now: Gate against gTrade (Gains Network)−0.034%7-day average −0.011% · 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−$293as in the Price arb table

costs, in and out, $10k−$2902.902% of the position

Long on gTrade (Gains Network)Short on Gate

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.071%+$7 on $10k

Price spread, last 3 days (all we have)+0.060%+$6 · spread now −0.034%, 7d avg −0.011%

Together, before fees+0.131%+$13 on $10k · with fees, hour by hour

Funding pays, the price is against you. Gate is 0.023% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.034% now, against its 7-day average of −0.011%). If the spread goes back, that is −$2 on $10k: about 20 hours of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) BNB/USD	800.17	L +0.0008% / S −0.0007%	pay 0.0001% / 1h	14m 17s	$9.7M	—	150x
Short	Gate BNB_USDT	799.90	0.0100	get 0.0100% / 8h	1h 14m	$35.7M	$58.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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

Position, each leg$Hold fordaysFee gTrade (Gains Network)bpFee GatebpOrdersPrice spread, now −0.034%Rate

Funding earned: $19.36
Price spread: −0.034% → −0.011%: −$2.33
Slippage, 4 orders: −$265.17
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$273.14
Costs to cover: 2.902%
Break-even: 105.8 days

Slippage from gTrade (Gains Network): virtual book (oracle venue), 5 min ago; Gate: live order book, 5 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 gTrade (Gains Network) virtual book (oracle venue), 5 min ago	130.01 bp	135.0 bp −$135	135.0 bp −$1,350	416.8 bp −$41.7K	2253.7 bp −$1.13M
Sell Gate live order book, 5 min ago	0.62 bp	9.7 bp −$10	12.4 bp −$124	28.3 bp −$2,825	58.7 bp −$29.4K

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	800.09	−0.010%	$48K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	800.55	+0.047%	$4K	$1K	25x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	800.94	+0.096%	$3.0M	$29.4M	10x	as long as short
Kalshi KXBNBPERP	0.0000%	8h	800.70	+0.066%	$147K	$2.8M	4.8x	as long as short
StandX BNB-USD	0.0000%	1h	800.90	+0.091%	$866K	$2.9M	30x	as long as short
gTrade (Gains Network) BNB/USDlong	L +0.0008% / S −0.0007%	1h	800.17	long leg	$9.7M	—	150x
Variational Omni BNB	+0.0035%	8h	799.95	−0.028%	$4.1M	$5.3M	—	as long as short
BingX BNB-USDT	+0.0059%	8h	800.16	−0.001%	—	$34.9M	—	as long as short
Bybit BNBUSDT	+0.0069%	8h	799.70	−0.059%	$139.2M	$79.8M	75x	as long as short
Lighter BNB	+0.0096%	1h	800.46	+0.036%	$2.8M	$4.2M	20x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International BNB-PERP-INTX	+0.0096%	1h	801.17	+0.125%	$610K	$995K	50x	as long as short
Aster BNBUSDT	+0.0097%	8h	800.75	+0.073%	$6.3M	$19.0M	200x	as long as short
Nado BNB-PERP	+0.0100%	1h	799.87	−0.038%	$1.4M	$2.8M	20x	as long as short
Pacifica BNB	+0.0100%	1h	800.38	+0.026%	$1.2M	$926K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	799.90	−0.034%	$54.6M	$115.5M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	800.50	+0.041%	$53K	$151K	10x	as long as short
Gate BNB_USDTshort	+0.0100%	8h	799.90	−0.034%	$35.7M	$58.6M	75x
KuCoin BNBUSDTM	+0.0100%	8h	799.97	−0.025%	$28.0M	$10.5M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	799.85	−0.040%	$80.9M	$26.6M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	801.22	+0.131%	$4.2M	$77.6M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	800.94	+0.096%	$161K	$443K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	800.11	−0.008%	$121K	$877K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	800.14	−0.004%	$387K	$527K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	800.31	+0.018%	$32K	$5K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	800.77	+0.075%	$13K	$1.7M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	800.30	+0.016%	$393K	$1.0M	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	800.00	−0.021%	$8.2M	$7.9M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	800.76	+0.073%	$78K	$19K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	799.71	−0.058%	$1.8M	$6.1M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	800.20	+0.004%	$384K	$40K	10x	as long as short
Binance BNBUSDT	+0.0117%	8h	800.79	+0.077%	$503.0M	$817.9M	75x	as long as short
MEXC BNB_USDT	+0.0117%	8h	801.30	+0.141%	$83.3M	$13.8M	200x	as long as short
Phemex BNBUSDT	+0.0120%	8h	800.61	+0.055%	$70.0M	$51.8M	50x	as long as short
Phoenix BNB	+0.0155%	1h	801.63	+0.182%	$172K	$35K	10x	as long as short
Hibachi BNB/USDT-P	+0.0192%	1h	800.13	−0.006%	$71K	$48K	12x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0200%	1h	800.54	+0.047%	$1.6M	$165K	25x	as long as short
Kraken Futures PF_BNBUSD	+0.0207%	1h	800.05	−0.016%	$2.6M	$974K	50x	as long as short
BloFin BNB-USDT	+0.0237%	8h	800.50	+0.041%	$18.3M	$2.5M	75x	as long as short
Injective BNB/USDC PERP	+0.0311%	1h	805.09	+0.615%	$19K	$789K	30x	as long as short
dYdX BNB-USD	+0.0314%	1h	799.94	−0.029%	$161K	$62K	10x	as long as short
Bulk BNB-USD	+0.0314%	1h	802.70	+0.316%	$652K	$21K	10x	as long as short
Hyperliquid BNB	+0.0317%	1h	801.12	+0.119%	$51.8M	$21.9M	10x	as long as short
RISEx BNB/USDC	+0.0318%	1h	800.37	+0.025%	$1.1M	$1.4M	20x	as long as short
01 Exchange BNBUSD	+0.0320%	1h	800.86	+0.086%	$28K	$1K	10x	as long as short
Reya BNBRUSDPERP	+0.0332%	1h	799.76	−0.052%	$6K	$3K	40x	as long as short
Backpack BNB_USDC_PERP	+0.0590%	1h	801.05	+0.110%	$2.7M	$5.7M	40x	as long as short