Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0136%/8h= −14.9% APRpaid last 24h −0.014%

Price spread now: Gate against RISEx−0.049%7-day average −0.016% · 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−$29as in the Price arb table

costs, in and out, $10k−$260.258% of the position

Long on RISEx Short on Gate

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.111%−$11 on $10k

Price spread, last 7 days−0.019%−$2 · spread now −0.049%, 7d avg −0.016%

Together, before fees−0.130%−$13 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Gate is 0.033% cheaper against RISEx than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.016%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx BNB/USDC	792.24	0.0131	pay 0.0016% / 1h	41m 30s	$1.1M	$1.4M	20x
Short	Gate BNB_USDT	791.85	−0.0005	pay 0.0005% / 8h	6h 41m	$35.3M	$55.5M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against RISEx. 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 RISExbpFee GatebpOrdersPrice spread, now −0.049%Rate

Funding earned: −$28.63
Price spread: −0.049% → −0.016%: −$3.26
Slippage, 4 orders: −$4.83
Fee RISEx: 3 bp × 2 orders: −$6
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$57.72
Costs to cover: 0.258%
Break-even: never at this rate

Slippage from RISEx: live order book, 2 min ago; Gate: 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 RISEx live order book, 2 min ago	0.31 bp	3.3 bp −$3	7.6 bp −$76	doesn't fit	doesn't fit
Sell Gate live order book, 2 min ago	0.31 bp	10.8 bp −$11	13.3 bp −$133	28.3 bp −$2,826	57.3 bp −$28.6K

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 −0.0167% / S +0.0335%	1h	791.95	−0.036%	$46K	—	200x	as long as short
Kraken Futures PF_BNBUSD	−0.0132%	1h	791.98	−0.033%	$2.5M	$1.0M	50x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	792.60	+0.046%	$4K	$239	25x	as long as short
Gate BNB_USDTshort	−0.0005%	8h	791.85	−0.049%	$35.3M	$55.5M	75x
StandX BNB-USD	0.0000%	1h	794.21	+0.249%	$859K	$3.1M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	792.00	−0.029%	$9.7M	—	150x	as long as short
Variational Omni BNB	+0.0010%	8h	792.53	+0.037%	$4.1M	$5.0M	—	as long as short
GRVT BNB_USDT_Perp	+0.0011%	8h	793.23	+0.126%	$3.0M	$28.4M	10x	as long as short
Phemex BNBUSDT	+0.0030%	8h	792.59	+0.045%	$69.3M	$50.3M	50x	as long as short
Aster BNBUSDT	+0.0030%	8h	792.63	+0.050%	$6.1M	$19.9M	200x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+1.623%	$19K	$789K	30x	as long as short
dYdX BNB-USD	+0.0036%	1h	791.77	−0.058%	$160K	$63K	10x	as long as short
BingX BNB-USDT	+0.0049%	8h	792.11	−0.016%	—	$35.0M	—	as long as short
Coinbase International BNB-PERP-INTX	+0.0056%	1h	792.52	+0.036%	$608K	$1.1M	50x	as long as short
Binance BNBUSDT	+0.0061%	8h	792.57	+0.042%	$492.7M	$816.3M	75x	as long as short
MEXC BNB_USDT	+0.0061%	8h	792.80	+0.071%	$82.2M	$12.7M	200x	as long as short
Phoenix BNB	+0.0088%	1h	793.58	+0.170%	$171K	$36K	10x	as long as short
Lighter BNB	+0.0096%	1h	791.88	−0.045%	$2.8M	$3.9M	20x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	791.97	−0.033%	$383K	$409K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	791.80	−0.055%	$1.4M	$2.7M	20x	as long as short
Pacifica BNB	+0.0100%	1h	792.04	−0.024%	$1.2M	$932K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	791.94	−0.037%	$138.1M	$77.2M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	791.80	−0.055%	$53.1M	$111.0M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	792.20	−0.004%	$52K	$134K	10x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	791.82	−0.052%	$27.7M	$10.0M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	791.72	−0.065%	$77.3M	$28.3M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	793.83	+0.201%	$4.1M	$76.7M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	794.01	+0.224%	$160K	$436K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	791.96	−0.035%	$111K	$889K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	792.13	−0.014%	$32K	$9K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	792.56	+0.041%	$13K	$1.6M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	792.20	−0.004%	$389K	$995K	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	791.97	−0.033%	$8.1M	$8.7M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	792.29	+0.007%	$77K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	791.71	−0.067%	$1.7M	$6.0M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	792.08	−0.019%	$380K	$110K	10x	as long as short
Hyperliquid BNB	+0.0124%	1h	792.71	+0.060%	$52.5M	$19.9M	10x	as long as short
RISEx BNB/USDClong	+0.0131%	1h	792.24	long leg	$1.1M	$1.4M	20x
Kalshi KXBNBPERP	+0.0161%	8h	792.60	+0.046%	$111K	$2.8M	4.8x	as long as short
Bulk BNB-USD	+0.0167%	1h	793.21	+0.123%	$644K	$10K	10x	as long as short
BloFin BNB-USDT	+0.0182%	8h	794.06	+0.230%	$18.1M	$2.5M	75x	as long as short
01 Exchange BNBUSD	+0.0240%	1h	792.65	+0.052%	$28K	$2K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	792.45	+0.027%	$1.6M	$161K	25x	as long as short
Reya BNBRUSDPERP	+0.0329%	1h	791.76	−0.060%	$6K	$3K	40x	as long as short
Backpack BNB_USDC_PERP	+0.0383%	1h	793.05	+0.103%	$2.7M	$5.7M	40x	as long as short
Hibachi BNB/USDT-P	+0.0496%	1h	792.34	+0.014%	$68K	$38K	12x	as long as short