Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0220%/8h= +24.1% APRpaid last 24h +0.073%

Price spread now: Hibachi against Gate+0.016%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Gate Short on Hibachi

What this pair did over the last

the charts below follow

Funding, last 7 days+0.542%+$54 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropHibachi: Active · farm boardneeds both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$7 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate BNB_USDT	787.15	0.0100	pay 0.0100% / 8h	5h 51m	$41.2M	$53.9M	75x
Short	Hibachi BNB/USDT-P	787.28	0.0320	get 0.0040% / 1h	51m 01s	$67K	$37K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hibachi 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 HibachibpOrdersPrice spread, now +0.016%Rate

Funding earned: $46.2
Price spread: +0.016% → 0.000%: $1.63
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Hibachi: 4.5 bp × 2 orders: −$9
Net: $23.83
Costs to cover: 0.240%
Break-even: 3.4 days

Slippage unknown: Gate: live order book, 6 min ago; Hibachi: no order-book sample. Net counts fees only.

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, 6 min ago	0.32 bp	9.0 bp −$9	11.5 bp −$115	26.1 bp −$2,613	58.5 bp −$29.3K
Sell Hibachi no order-book sample	—	—	—	—	—

Hibachi: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

BNB on 45 exchanges

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 −0.0166% / S +0.0336%	1h	787.06	−0.012%	$43K	—	200x	as long as short
Kraken Futures PF_BNBUSD	−0.0085%	1h	786.83	−0.040%	$2.5M	$1.2M	50x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	788.09	+0.119%	$4K	—	25x	as long as short
Aster BNBUSDT	0.0000%	8h	787.74	+0.075%	$5.9M	$17.0M	200x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	787.73	+0.074%	$2.9M	$26.5M	10x	as long as short
Kalshi KXBNBPERP	0.0000%	8h	787.50	+0.044%	$139K	$2.5M	4.8x	as long as short
StandX BNB-USD	0.0000%	1h	788.14	+0.126%	$850K	$2.9M	30x	as long as short
Deribit BNB_USDC-PERPETUAL	0.0000%	1h	787.26	+0.014%	$1.5M	$157K	25x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	787.21	+0.008%	$9.5M	—	150x	as long as short
MEXC BNB_USDT	+0.0015%	8h	788.80	+0.210%	$83.3M	$11.7M	200x	as long as short

Show all 45 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance BNBUSDT	+0.0015%	8h	787.79	+0.081%	$481.5M	$764.8M	75x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.279%	$19K	$789K	30x	as long as short
Bybit BNBUSDT	+0.0041%	8h	786.82	−0.042%	$138.5M	$66.1M	75x	as long as short
BloFin BNB-USDT	+0.0061%	8h	787.98	+0.105%	$18.4M	$2.2M	75x	as long as short
Lighter BNB	+0.0096%	1h	787.12	−0.004%	$2.7M	$3.3M	20x	as long as short
Phemex BNBUSDT	+0.0097%	8h	787.55	+0.051%	$68.4M	$51.0M	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	786.63	−0.066%	$1.4M	$2.4M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	787.80	+0.083%	$51.9M	$16.8M	10x	as long as short
Pacifica BNB	+0.0100%	1h	787.15	0.000%	$1.2M	$932K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	786.90	−0.032%	$53.3M	$101.9M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	787.30	+0.019%	$57K	$122K	10x	as long as short
Gate BNB_USDTlong	+0.0100%	8h	787.15	long leg	$41.2M	$53.9M	75x
KuCoin BNBUSDTM	+0.0100%	8h	786.95	−0.025%	$28.2M	$9.6M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	787.01	−0.018%	$75.7M	$30.9M	75x	as long as short
BingX BNB-USDT	+0.0100%	8h	787.27	+0.015%	—	$50.1M	—	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	787.65	+0.064%	$2.2M	$6.0M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	786.85	−0.038%	$4.3M	$4.5M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	787.63	+0.061%	$4.1M	$74.6M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	787.38	+0.029%	$158K	$444K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	786.92	−0.029%	$130K	$905K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	786.97	−0.023%	$264K	$297K	50x	as long as short
SunX BNB-USDT	+0.0100%	8h	787.51	+0.046%	$12K	$1.3M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	787.10	−0.006%	$387K	$926K	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	787.27	+0.015%	$8.0M	$10.0M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	787.48	+0.042%	$88K	$406K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	786.70	−0.057%	$1.8M	$5.6M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	786.80	−0.045%	$378K	$110K	10x	as long as short
Phoenix BNB	+0.0120%	1h	787.92	+0.098%	$158K	$45K	10x	as long as short
Coinbase International BNB-PERP-INTX	+0.0120%	1h	787.48	+0.042%	$545K	$1.9M	50x	as long as short
01 Exchange BNBUSD	+0.0240%	1h	787.49	+0.043%	$28K	$3K	10x	as long as short
Bulk BNB-USD	+0.0282%	1h	788.09	+0.120%	$639K	$0	10x	as long as short
Reya BNBRUSDPERP	+0.0317%	1h	786.56	−0.075%	$6K	$3K	40x	as long as short
Hibachi BNB/USDT-Pshort	+0.0320%	1h	787.28	+0.016%	$67K	$37K	12x
RISEx BNB/USDC	+0.0393%	1h	787.24	+0.011%	$1.1M	$901K	20x	as long as short
dYdX BNB-USD	+0.1100%	1h	787.47	+0.041%	$158K	$34K	10x	as long as short