Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0074%/8h= −8.1% APRpaid last 24h −0.028%

Price spread now: gTrade (Gains Network) against Gate−0.193%7-day average +0.012% · 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−$310as in the Price arb table

costs, in and out, $10k−$2892.892% of the position

Long on Gate Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.081%−$8 on $10k

Price spread, last 3 days (all we have)+0.188%+$19 · spread now −0.193%, 7d avg +0.012%

Together, before fees+0.107%+$11 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and gTrade (Gains Network) is 0.205% cheaper against Gate than usual: you would sell low and buy high (−$20 if the spread goes back to its 7-day average of +0.012%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate BNB_USDT	789.15	0.0081	pay 0.0081% / 8h	5h 56m	$35.5M	$56.2M	75x
Short	gTrade (Gains Network) BNB/USD	787.63	L +0.0008% / S −0.0007%	get 0.0001% / 1h	56m 43s	$9.6M	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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 gTrade (Gains Network)bpOrdersPrice spread, now −0.193%Rate

Funding earned: −$15.52
Price spread: −0.193% → +0.012%: −$20.47
Slippage, 4 orders: −$264.22
Fee Gate: 7.5 bp × 2 orders: −$15
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$325.21
Costs to cover: 2.892%
Break-even: never at this rate

Slippage from Gate: live order book, 2 min ago; gTrade (Gains Network): virtual book (oracle venue), 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	9.1 bp −$9	12.4 bp −$124	27.6 bp −$2,763	57.3 bp −$28.7K
Sell gTrade (Gains Network) virtual book (oracle venue), 2 min ago	130.00 bp	135.0 bp −$135	135.0 bp −$1,350	484.2 bp −$48.4K	3301.4 bp −$1.65M

BNB on 45 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 −0.0167% / S +0.0335%	1h	787.67	−0.188%	$46K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	790.01	+0.109%	$4K	$239	25x	as long as short
StandX BNB-USD	0.0000%	1h	789.36	+0.027%	$853K	$3.2M	30x	as long as short
gTrade (Gains Network) BNB/USDshort	L +0.0008% / S −0.0007%	1h	787.63	−0.193%	$9.6M	—	150x
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.020%	$19K	$789K	30x	as long as short
Aster BNBUSDT	+0.0034%	8h	788.92	−0.029%	$6.2M	$18.7M	200x	as long as short
Coinbase International BNB-PERP-INTX	+0.0048%	1h	789.66	+0.065%	$619K	$1.8M	50x	as long as short
BingX BNB-USDC	+0.0051%	8h	788.85	−0.038%	—	$13.4M	—	as long as short
Variational Omni BNB	+0.0062%	8h	789.21	+0.008%	$4.1M	$4.8M	—	as long as short
Phemex BNBUSDT	+0.0064%	8h	788.18	−0.123%	$69.0M	$50.8M	50x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC BNB_USDT	+0.0069%	8h	790.20	+0.133%	$80.5M	$12.3M	200x	as long as short
Binance BNBUSDT	+0.0069%	8h	789.77	+0.079%	$494.5M	$809.9M	75x	as long as short
Gate BNB_USDTlong	+0.0081%	8h	789.15	long leg	$35.5M	$56.2M	75x
Phoenix BNB	+0.0088%	1h	789.72	+0.072%	$170K	$34K	10x	as long as short
Kraken Futures PF_BNBUSD	+0.0091%	1h	787.61	−0.196%	$2.5M	$1.2M	50x	as long as short
Lighter BNB	+0.0096%	1h	789.17	+0.003%	$2.8M	$3.9M	20x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	787.59	−0.198%	$381K	$380K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	787.70	−0.184%	$1.5M	$2.6M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	789.44	+0.037%	$51.8M	$18.7M	10x	as long as short
Pacifica BNB	+0.0100%	1h	789.42	+0.035%	$1.2M	$909K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	789.20	+0.006%	$138.8M	$78.3M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	789.30	+0.019%	$53.3M	$112.5M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	789.80	+0.082%	$52K	$135K	10x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	789.05	−0.013%	$27.8M	$10.3M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	789.27	+0.015%	$77.0M	$30.0M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	788.37	−0.099%	$2.2M	$6.1M	40x	as long as short
edgeX BNBUSDC	+0.0100%	4h	789.88	+0.093%	$4.1M	$77.4M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	789.78	+0.080%	$159K	$438K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	787.44	−0.217%	$137K	$946K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	787.76	−0.176%	$31K	$9K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	788.35	−0.102%	$12K	$1.6M	50x	as long as short
HTX BNB-USDT	+0.0100%	8h	788.81	−0.043%	$8.1M	$9.0M	75x	as long as short
Paradex BNB-USD-PERP	+0.0102%	8h	790.13	+0.124%	$77K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	789.26	+0.014%	$1.8M	$6.0M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	787.63	−0.193%	$378K	$110K	10x	as long as short
GRVT BNB_USDT_Perp	+0.0105%	8h	789.83	+0.086%	$2.9M	$28.3M	10x	as long as short
SoDEX BNB-USD	+0.0138%	1h	787.70	−0.184%	$387K	$1.0M	10x	as long as short
Kalshi KXBNBPERP	+0.0176%	8h	787.90	−0.158%	$91K	$2.8M	4.8x	as long as short
dYdX BNB-USD	+0.0275%	1h	788.97	−0.023%	$160K	$64K	10x	as long as short
Bulk BNB-USD	+0.0298%	1h	789.80	+0.082%	$640K	$13K	10x	as long as short
01 Exchange BNBUSD	+0.0320%	1h	790.24	+0.138%	$28K	$4K	10x	as long as short
Reya BNBRUSDPERP	+0.0328%	1h	787.36	−0.227%	$6K	$3K	40x	as long as short
RISEx BNB/USDC	+0.0361%	1h	789.95	+0.102%	$1.1M	$1.1M	20x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0400%	1h	788.12	−0.131%	$1.5M	$160K	25x	as long as short
Hibachi BNB/USDT-P	+0.0536%	1h	788.90	−0.032%	$67K	$39K	12x	as long as short