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Funding arb · Price arb /

BNB

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Alert: funding
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Alert: spread
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Funding you earn now, next payment 23:00 UTC+0.0036%/8h= +3.9% APRpaid last 24h +0.059%
Price spread now: Hyperliquid against Gate+0.075%7-day average +0.034% · you sell dearer than you buy
Net, funding: paid 7d − costs−$24as in the Funding arb table
Net, price: spread back to 7d avg − costs−$27as in the Price arb table
costs, in and out, $10k−$310.310% of the position
Long on GateShort on Hyperliquid
What this pair did over the last
the charts below follow
Funding, last 7 days+0.069%+$7 on $10k
Price spread, last 7 days−0.073%−$7 · spread now +0.075%, 7d avg +0.034%
Together, before fees−0.004%+ Points / potential airdropHyperliquid: Season 2 · farm board$0 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Hyperliquid is 0.040% dearer against Gate than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.034%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate BNB_USDT804.950.0100pay 0.0100% / 8h1h 52m$36.2M$57.1M75x
ShortHyperliquid BNB805.550.0136get 0.0017% / 1h52m 30s$51.8M$22.0M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid 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

Funding earned
$7.46
Price spread: +0.075% → +0.034%
$4.02
Slippage, 4 orders
−$7.01
Fee Gate: 7.5 bp × 2 orders
−$15
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$19.53
Costs to cover
0.310%
Break-even
25.3 days
Slippage from Gate: live order book, 1 min ago; Hyperliquid: live order book, 11 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Gate live order book, 1 min ago0.31 bp11.1 bp −$1113.7 bp −$13727.1 bp −$2,71154.3 bp −$27.2K
Sell Hyperliquid live order book, 11 min ago0.06 bp4.6 bp −$56.1 bp −$61doesn't fitdoesn't fit

BNB on 46 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GMX BNB/USD [WBTC.b-USDC]L −0.0195% / S +0.0371%1h804.57−0.047%$49K—200xas long as short
Hotstuff BNB-PERP−0.0080%1h805.50+0.068%$4K$1K25xas long as short
GRVT BNB_USDT_Perp0.0000%8h806.78+0.227%$3.0M$29.4M10xas long as short
Kalshi KXBNBPERP0.0000%8h805.60+0.081%$107K$2.5M4.8xas long as short
StandX BNB-USD0.0000%1h805.15+0.025%$870K$2.8M30xas long as short
gTrade (Gains Network) BNB/USDL +0.0008% / S −0.0007%1h804.68−0.034%$9.8M—150xas long as short
Hibachi BNB/USDT-P+0.0024%1h806.08+0.140%$71K$48K12xas long as short
Variational Omni BNB+0.0044%8h805.28+0.041%$4.1M$5.3M—as long as short
BingX BNB-USDT+0.0056%8h805.23+0.035%—$34.5M—as long as short
Bybit BNBUSDT+0.0083%8h805.06+0.014%$139.3M$82.0M75xas long as short
Show all 46 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter BNB+0.0096%1h805.31+0.044%$2.8M$4.2M20xas long as short
Coinbase International BNB-PERP-INTX+0.0096%1h805.76+0.101%$608K$882K50xas long as short
Nado BNB-PERP+0.0100%1h804.97+0.002%$1.5M$2.8M20xas long as short
Pacifica BNB+0.0100%1h805.22+0.033%$1.2M$925K20xas long as short
OKX BNB-USDT-SWAP+0.0100%8h805.20+0.031%$55.1M$116.2M50xas long as short
Arcus BNB-USD+0.0100%1h805.50+0.068%$53K$170K10xas long as short
Gate BNB_USDTlong+0.0100%8h804.95long leg$36.2M$57.1M75x
KuCoin BNBUSDTM+0.0100%8h804.62−0.041%$28.2M$10.5M75xas long as short
Bitget BNBUSDT+0.0100%8h804.85−0.012%$78.7M$25.0M75xas long as short
edgeX BNBUSDC+0.0100%4h806.63+0.209%$4.2M$76.4M30xas long as short
ApeX Omni BNBUSDT+0.0100%1h806.32+0.170%$162K$438K50xas long as short
Polymarket Perps BNB-USD+0.0100%1h804.87−0.010%$116K$870K10xas long as short
Orderly PERP_BNB_USDC+0.0100%8h804.40−0.068%$389K$592K50xas long as short
Derive BNB-PERP+0.0100%1h804.65−0.037%$32K$5K10xas long as short
SunX BNB-USDT+0.0100%8h805.09+0.017%$13K$1.7M50xas long as short
HTX BNB-USDT+0.0100%8h804.82−0.017%$8.2M$7.6M75xas long as short
Paradex BNB-USD-PERP+0.0100%8h805.76+0.100%$79K$19K50xas long as short
Aster BNBUSDT+0.0101%8h805.59+0.080%$6.4M$18.8M200xas long as short
Extended BNB-USD+0.0104%1h804.65−0.037%$1.9M$6.0M50xas long as short
Aevo BNB-PERP+0.0104%1h804.63−0.040%$387K$40K10xas long as short
MEXC BNB_USDT+0.0117%8h806.10+0.143%$84.6M$13.3M200xas long as short
Binance BNBUSDT+0.0118%8h805.98+0.128%$520.4M$805.9M75xas long as short
Hyperliquid BNBshort+0.0136%1h805.55+0.075%$51.8M$22.0M10x
Phemex BNBUSDT+0.0140%8h805.02+0.009%$70.2M$51.9M50xas long as short
SoDEX BNB-USD+0.0145%1h804.50−0.056%$396K$1.0M10xas long as short
dYdX BNB-USD+0.0151%1h804.38−0.071%$162K$63K10xas long as short
Phoenix BNB+0.0155%1h805.95+0.124%$173K$35K10xas long as short
Deribit BNB_USDC-PERPETUAL+0.0200%1h804.84−0.013%$1.6M$165K25xas long as short
Kraken Futures PF_BNBUSD+0.0206%1h804.45−0.062%$2.5M$933K50xas long as short
BloFin BNB-USDT+0.0238%8h805.07+0.015%$18.8M$3.1M75xas long as short
Bulk BNB-USD+0.0273%1h805.26+0.039%$650K$14K10xas long as short
Injective BNB/USDC PERP+0.0311%1h805.09+0.017%$19K$789K30xas long as short
RISEx BNB/USDC+0.0318%1h805.45+0.061%$1.1M$1.4M20xas long as short
Reya BNBRUSDPERP+0.0333%1h804.39−0.070%$6K$3K40xas long as short
01 Exchange BNBUSD+0.0352%1h805.97+0.127%$29K$1K10xas long as short
Backpack BNB_USDC_PERP+0.0710%1h805.37+0.052%$3.0M$5.5M40xas long as short