Funding arb · Price arb /

BNB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment −$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Gate against Paradex−0.137%45s7-day average — · you buy dearer than you sell

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

Long on Paradex Short on Gate

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

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

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

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Gate is 0.137% cheaper against Paradex than usual: you would sell low and buy high, −$14 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 45 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	Paradex BNB-USD-PERP	785.98	0.0100	pay 0.0100% / 8h	2h 33m	$76K	$17K	50x
Short	Gate BNB_USDT	784.90	0.0100	get 0.0100% / 8h	2h 33m	$36.3M	$58.4M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Paradex. 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 ParadexbpFee GatebpOrdersPrice spread, now −0.137%Rate

Funding earned: −$0.06
Price spread: −0.137% → 0.000%: −$13.71
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$32.77
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: Paradex: no order-book sample; Gate: live order book, 5 min ago. 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 Paradex no order-book sample	—	—	—	—	—
Sell Gate live order book, 5 min ago	0.32 bp	8.5 bp −$8	10.8 bp −$108	26.5 bp −$2,646	55.7 bp −$27.9K

Paradex: 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 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 −0.0192% / S +0.0356%	1h	785.09	−0.113%	$46K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	786.02	+0.005%	$4K	$42	25x	as long as short
StandX BNB-USD	0.0000%	1h	787.58	+0.204%	$849K	$3.0M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	785.13	−0.108%	$9.5M	—	150x	as long as short
Aster BNBUSDT	+0.0030%	8h	785.55	−0.054%	$6.1M	$19.0M	200x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.432%	$19K	$789K	30x	as long as short
BingX BNB-USDT	+0.0041%	8h	785.04	−0.119%	—	$22.1M	—	as long as short
Phemex BNBUSDT	+0.0048%	8h	785.61	−0.047%	$68.7M	$50.7M	50x	as long as short
MEXC BNB_USDT	+0.0052%	8h	785.90	−0.010%	$79.6M	$11.8M	200x	as long as short
Binance BNBUSDT	+0.0053%	8h	785.39	−0.075%	$488.9M	$808.9M	75x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_BNBUSD	+0.0069%	1h	785.05	−0.119%	$2.5M	$1.2M	50x	as long as short
Coinbase International BNB-PERP-INTX	+0.0080%	1h	786.23	+0.032%	$576K	$1.9M	50x	as long as short
Lighter BNB	+0.0096%	1h	785.29	−0.087%	$2.7M	$3.8M	20x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	785.15	−0.105%	$264K	$490K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	785.40	−0.073%	$1.4M	$2.7M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	785.35	−0.080%	$51.5M	$17.5M	10x	as long as short
Pacifica BNB	+0.0100%	1h	785.92	−0.007%	$1.2M	$933K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	784.80	−0.150%	$137.8M	$74.5M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	784.70	−0.163%	$53.3M	$112.0M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	785.80	−0.023%	$52K	$129K	10x	as long as short
Gate BNB_USDTshort	+0.0100%	8h	784.90	−0.137%	$36.3M	$58.4M	75x
KuCoin BNBUSDTM	+0.0100%	8h	784.76	−0.155%	$27.5M	$10.2M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	784.39	−0.202%	$75.9M	$30.7M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	785.75	−0.029%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	786.03	+0.006%	$4.0M	$4.9M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	786.25	+0.035%	$4.1M	$75.0M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	786.54	+0.072%	$158K	$438K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	785.33	−0.082%	$131K	$952K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	785.24	−0.094%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	786.06	+0.011%	$12K	$1.5M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	785.20	−0.099%	$386K	$994K	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	785.33	−0.082%	$8.0M	$10.0M	75x	as long as short
Paradex BNB-USD-PERPlong	+0.0100%	8h	785.98	long leg	$76K	$17K	50x
dYdX BNB-USD	+0.0100%	1h	785.67	−0.039%	$159K	$61K	10x	as long as short
Extended BNB-USD	+0.0104%	1h	784.69	−0.164%	$1.8M	$6.4M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	785.08	−0.115%	$377K	$110K	10x	as long as short
Phoenix BNB	+0.0107%	1h	786.44	+0.059%	$169K	$35K	10x	as long as short
Kalshi KXBNBPERP	+0.0142%	8h	786.10	+0.016%	$141K	$2.7M	4.8x	as long as short
BloFin BNB-USDT	+0.0173%	8h	787.24	+0.161%	$17.8M	$2.2M	75x	as long as short
GRVT BNB_USDT_Perp	+0.0205%	8h	786.66	+0.087%	$2.9M	$29.3M	10x	as long as short
Bulk BNB-USD	+0.0256%	1h	786.23	+0.032%	$637K	$10K	10x	as long as short
01 Exchange BNBUSD	+0.0288%	1h	786.11	+0.017%	$28K	$4K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	785.46	−0.065%	$1.5M	$143K	25x	as long as short
Reya BNBRUSDPERP	+0.0323%	1h	785.26	−0.091%	$6K	$3K	40x	as long as short
RISEx BNB/USDC	+0.0432%	1h	785.91	−0.008%	$1.1M	$909K	20x	as long as short
Hibachi BNB/USDT-P	+0.0480%	1h	786.93	+0.121%	$67K	$39K	12x	as long as short