Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%

Price spread now: Extended against Gate−0.057%7-day average −0.042% · you buy dearer than you sell

Net, funding: paid 7d − costs−$24as in the Funding arb table

Net, price: spread back to 7d avg − costs−$28as in the Price arb table

costs, in and out, $10k−$270.267% of the position

Long on Gate Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.026%+$3 on $10k

Price spread, last 7 days+0.052%+$5 · spread now −0.057%, 7d avg −0.042%

Together, before fees+0.078%+ Points / potential airdropExtended: Active · farm board+$8 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate BNB_USDT	786.25	0.0100	pay 0.0100% / 8h	7h 52m	$39.1M	$55.4M	75x
Short	Extended BNB-USD	785.80	0.0104	get 0.0013% / 1h	52m 05s	$1.8M	$5.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.057%Rate

Funding earned: $0.84
Price spread: −0.057% → −0.042%: −$1.48
Slippage, 4 orders: −$6.67
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$27.31
Costs to cover: 0.267%
Break-even: 234.6 days

Slippage from Gate: live order book, 2 min ago; Extended: 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	9.8 bp −$10	13.2 bp −$132	28.5 bp −$2,852	60.1 bp −$30.0K
Sell Extended live order book, 2 min ago	0.06 bp	4.3 bp −$4	5.1 bp −$51	doesn't fit	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 −0.0168% / S +0.0337%	1h	786.20	−0.006%	$43K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	786.16	−0.011%	$4K	—	25x	as long as short
Kraken Futures PF_BNBUSD	−0.0021%	1h	785.88	−0.047%	$2.5M	$1.2M	50x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	785.91	−0.044%	$3.0M	$27.6M	10x	as long as short
StandX BNB-USD	0.0000%	1h	786.90	+0.083%	$849K	$2.7M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	785.79	−0.059%	$9.5M	—	150x	as long as short
Aster BNBUSDT	+0.0029%	8h	786.61	+0.046%	$6.0M	$18.5M	200x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.396%	$19K	$789K	30x	as long as short
BingX BNB-USDT	+0.0036%	8h	786.34	+0.011%	—	$22.1M	—	as long as short
dYdX BNB-USD	+0.0043%	1h	786.35	+0.013%	$159K	$62K	10x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC BNB_USDT	+0.0045%	8h	787.50	+0.159%	$81.9M	$12.1M	200x	as long as short
Binance BNBUSDT	+0.0045%	8h	786.74	+0.062%	$489.3M	$812.7M	75x	as long as short
Lighter BNB	+0.0096%	1h	786.24	−0.002%	$2.7M	$3.6M	20x	as long as short
Nado BNB-PERP	+0.0100%	1h	786.15	−0.013%	$1.4M	$2.6M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	786.76	+0.066%	$51.6M	$17.6M	10x	as long as short
Pacifica BNB	+0.0100%	1h	786.58	+0.042%	$1.2M	$937K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	786.06	−0.024%	$138.4M	$73.4M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	786.10	−0.019%	$53.5M	$111.6M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	786.40	+0.019%	$52K	$125K	10x	as long as short
Gate BNB_USDTlong	+0.0100%	8h	786.25	long leg	$39.1M	$55.4M	75x
KuCoin BNBUSDTM	+0.0100%	8h	785.89	−0.046%	$27.7M	$10.2M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	785.75	−0.064%	$75.4M	$32.5M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	786.61	+0.046%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	785.82	−0.055%	$4.1M	$4.7M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	785.95	−0.039%	$4.1M	$76.6M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	785.57	−0.086%	$158K	$439K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	786.56	+0.039%	$131K	$942K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	786.23	−0.003%	$264K	$358K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	786.49	+0.031%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	786.64	+0.050%	$12K	$1.5M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	786.20	−0.006%	$387K	$952K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0100%	1h	786.54	+0.036%	$1.5M	$141K	25x	as long as short
HTX BNB-USDT	+0.0100%	8h	786.44	+0.024%	$8.0M	$10.3M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	786.81	+0.071%	$78K	$17K	50x	as long as short
Extended BNB-USDshort	+0.0104%	1h	785.80	−0.057%	$1.8M	$5.8M	50x
Aevo BNB-PERP	+0.0104%	1h	786.14	−0.014%	$378K	$110K	10x	as long as short
Kalshi KXBNBPERP	+0.0110%	8h	786.40	+0.019%	$171K	$2.6M	4.8x	as long as short
Coinbase International BNB-PERP-INTX	+0.0120%	1h	786.59	+0.043%	$548K	$1.9M	50x	as long as short
Phoenix BNB	+0.0120%	1h	786.53	+0.036%	$158K	$38K	10x	as long as short
BloFin BNB-USDT	+0.0165%	8h	786.74	+0.062%	$17.9M	$2.2M	75x	as long as short
Bulk BNB-USD	+0.0208%	1h	785.85	−0.051%	$637K	$831	10x	as long as short
01 Exchange BNBUSD	+0.0240%	1h	786.97	+0.092%	$28K	$3K	10x	as long as short
Phemex BNBUSDT	+0.0249%	8h	786.89	+0.081%	$68.6M	$51.1M	50x	as long as short
Reya BNBRUSDPERP	+0.0320%	1h	786.11	−0.018%	$6K	$3K	40x	as long as short
RISEx BNB/USDC	+0.0355%	1h	786.67	+0.054%	$1.1M	$911K	20x	as long as short
Hibachi BNB/USDT-P	+0.0432%	1h	786.50	+0.032%	$67K	$39K	12x	as long as short