Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: edgeX against Gate+0.006%97s7-day average +0.064% · 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—prices read too far apart to compare

costs, in and out, $10k−$330.333% of the position

Long on Gate Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.059%+$6 on $10k

Price spread, last 7 days+0.071%+$7 · spread now +0.006%, 7d avg +0.064%

Together, before fees+0.129%+ Points / potential airdropedgeX: Active · farm board+$13 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: edgeX is 0.058% cheaper against Gate than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of +0.064%. The two prices were read 97 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	Gate BNB_USDT	789.05	0.0100	pay 0.0100% / 8h	4h 41m	$35.4M	$56.7M	75x
Short	edgeX BNBUSDC	789.10	0.0100	get 0.0050% / 4h	41m 56s	$4.1M	$74.6M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Gate. 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 GatebpFee edgeXbpOrdersPrice spread, now +0.006%Rate

Funding earned: $0
Price spread: +0.006% → +0.064%: −$5.8
Slippage, 4 orders: −$9.3
Fee Gate: 7.5 bp × 2 orders: −$15
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$39.1
Costs to cover: 0.333%
Break-even: never at this rate

Slippage from Gate: live order book, 2 min ago; edgeX: live order book, 2 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 Gate live order book, 2 min ago	0.32 bp	10.4 bp −$10	13.8 bp −$138	27.7 bp −$2,767	54.1 bp −$27.1K
Sell edgeX live order book, 2 min ago	2.53 bp	7.0 bp −$7	7.0 bp −$70	10.6 bp −$1,059	doesn't fit

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 −0.0184% / S +0.0349%	1h	788.99	−0.007%	$46K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	789.31	+0.033%	$4K	$42	25x	as long as short
StandX BNB-USD	0.0000%	1h	790.66	+0.204%	$855K	$3.2M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	789.01	−0.005%	$9.5M	—	150x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.033%	$19K	$789K	30x	as long as short
Aster BNBUSDT	+0.0042%	8h	789.74	+0.088%	$6.1M	$18.7M	200x	as long as short
BingX BNB-USDT	+0.0054%	8h	789.22	+0.022%	—	$34.3M	—	as long as short
Coinbase International BNB-PERP-INTX	+0.0064%	1h	789.45	+0.051%	$582K	$1.9M	50x	as long as short
Binance BNBUSDT	+0.0067%	8h	789.80	+0.095%	$492.8M	$789.6M	75x	as long as short
MEXC BNB_USDT	+0.0067%	8h	790.00	+0.120%	$80.2M	$12.3M	200x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex BNBUSDT	+0.0075%	8h	789.64	+0.075%	$69.1M	$50.1M	50x	as long as short
Lighter BNB	+0.0096%	1h	789.26	+0.027%	$2.7M	$3.8M	20x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	789.14	+0.011%	$265K	$492K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	788.65	−0.051%	$1.5M	$2.6M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	789.52	+0.060%	$51.8M	$17.5M	10x	as long as short
Pacifica BNB	+0.0100%	1h	789.17	+0.016%	$1.2M	$931K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	788.93	−0.015%	$138.7M	$74.7M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	788.90	−0.019%	$53.3M	$111.1M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	789.20	+0.019%	$52K	$130K	10x	as long as short
Gate BNB_USDTlong	+0.0100%	8h	789.05	long leg	$35.4M	$56.7M	75x
KuCoin BNBUSDTM	+0.0100%	8h	789.00	−0.006%	$27.6M	$10.3M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	788.92	−0.016%	$76.4M	$30.2M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	789.47	+0.053%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	788.50	−0.069%	$4.1M	$4.6M	—	as long as short
edgeX BNBUSDCshort	+0.0100%	4h	789.10	+0.006%	$4.1M	$74.6M	30x
ApeX Omni BNBUSDT	+0.0100%	1h	789.85	+0.101%	$159K	$440K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	788.94	−0.014%	$133K	$950K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	789.19	+0.018%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	789.60	+0.069%	$12K	$1.5M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	789.20	+0.019%	$388K	$1.0M	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	789.20	+0.019%	$8.1M	$9.3M	75x	as long as short
Paradex BNB-USD-PERP	+0.0101%	8h	789.80	+0.095%	$77K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	788.74	−0.039%	$1.8M	$5.9M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	789.12	+0.009%	$379K	$110K	10x	as long as short
Phoenix BNB	+0.0117%	1h	790.10	+0.133%	$170K	$35K	10x	as long as short
dYdX BNB-USD	+0.0123%	1h	788.95	−0.013%	$160K	$64K	10x	as long as short
GRVT BNB_USDT_Perp	+0.0136%	8h	789.89	+0.107%	$2.9M	$28.0M	10x	as long as short
Kalshi KXBNBPERP	+0.0182%	8h	789.60	+0.070%	$124K	$2.7M	4.8x	as long as short
BloFin BNB-USDT	+0.0187%	8h	790.74	+0.214%	$18.1M	$2.2M	75x	as long as short
01 Exchange BNBUSD	+0.0224%	1h	789.39	+0.043%	$28K	$4K	10x	as long as short
Kraken Futures PF_BNBUSD	+0.0263%	1h	788.83	−0.028%	$2.5M	$1.2M	50x	as long as short
Bulk BNB-USD	+0.0272%	1h	789.78	+0.093%	$640K	$9K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	789.52	+0.059%	$1.5M	$143K	25x	as long as short
Reya BNBRUSDPERP	+0.0326%	1h	788.60	−0.058%	$6K	$3K	40x	as long as short
RISEx BNB/USDC	+0.0461%	1h	789.25	+0.026%	$1.1M	$975K	20x	as long as short
Hibachi BNB/USDT-P	+0.0496%	1h	789.46	+0.052%	$67K	$38K	12x	as long as short