Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0244%/8h= −26.7% APRpaid last 24h −0.066%

Price spread now: Gate against 01 Exchange−0.141%7-day average — · you buy dearer than you sell

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

Long on 01 Exchange Short on Gate

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Gate is 0.141% cheaper against 01 Exchange than usual: you would sell low and buy high (−$14 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	01 Exchange BNBUSD	807.09	0.0344	pay 0.0043% / 1h	22m 37s	$29K	$1K	10x
Short	Gate BNB_USDT	805.95	0.0100	get 0.0100% / 8h	2h 22m	$36.1M	$58.7M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against 01 Exchange. 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 01 ExchangebpFee GatebpOrdersPrice spread, now −0.141%Rate

Funding earned: −$51.24
Price spread: −0.141% → 0.000%: −$14.12
Slippage, 4 orders: no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$87.36
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: 01 Exchange: no order-book sample; Gate: live order book, 1 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 01 Exchange no order-book sample	—	—	—	—	—
Sell Gate live order book, 1 min ago	0.31 bp	7.8 bp −$8	9.6 bp −$96	28.4 bp −$2,837	58.5 bp −$29.3K

01 Exchange: 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 −0.0195% / S +0.0371%	1h	805.96	−0.140%	$49K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	806.58	−0.063%	$4K	$1K	25x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	805.40	−0.209%	$3.0M	$29.4M	10x	as long as short
Kalshi KXBNBPERP	0.0000%	8h	806.30	−0.098%	$112K	$2.5M	4.8x	as long as short
StandX BNB-USD	0.0000%	1h	805.99	−0.136%	$871K	$2.9M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	806.02	−0.132%	$9.8M	—	150x	as long as short
Kraken Futures PF_BNBUSD	+0.0038%	1h	806.05	−0.129%	$2.5M	$908K	50x	as long as short
Variational Omni BNB	+0.0048%	8h	805.22	−0.231%	$4.0M	$5.4M	—	as long as short
BingX BNB-USDT	+0.0052%	8h	806.16	−0.115%	—	$34.5M	—	as long as short
Bybit BNBUSDT	+0.0077%	8h	805.90	−0.147%	$139.8M	$82.5M	75x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International BNB-PERP-INTX	+0.0088%	1h	804.80	−0.284%	$609K	$879K	50x	as long as short
Aster BNBUSDT	+0.0096%	8h	806.75	−0.042%	$6.4M	$18.8M	200x	as long as short
Lighter BNB	+0.0096%	1h	806.34	−0.093%	$2.8M	$4.2M	20x	as long as short
Nado BNB-PERP	+0.0100%	1h	805.87	−0.151%	$1.4M	$2.8M	20x	as long as short
Pacifica BNB	+0.0100%	1h	806.32	−0.095%	$1.2M	$923K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	806.20	−0.110%	$55.2M	$115.9M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	806.50	−0.073%	$53K	$168K	10x	as long as short
Gate BNB_USDTshort	+0.0100%	8h	805.95	−0.141%	$36.1M	$58.7M	75x
KuCoin BNBUSDTM	+0.0100%	8h	805.96	−0.140%	$28.2M	$10.5M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	805.79	−0.161%	$79.3M	$24.5M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	805.49	−0.199%	$4.2M	$76.8M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	805.60	−0.185%	$159K	$438K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	805.98	−0.138%	$119K	$868K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	806.08	−0.125%	$390K	$593K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	806.22	−0.108%	$32K	$5K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	806.80	−0.036%	$13K	$1.7M	50x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0100%	1h	806.54	−0.069%	$1.6M	$165K	25x	as long as short
HTX BNB-USDT	+0.0100%	8h	805.60	−0.184%	$8.2M	$7.5M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	806.91	−0.023%	$79K	$19K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	805.78	−0.162%	$1.9M	$6.1M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	806.26	−0.103%	$387K	$40K	10x	as long as short
MEXC BNB_USDT	+0.0110%	8h	807.10	+0.001%	$84.7M	$13.6M	200x	as long as short
Binance BNBUSDT	+0.0112%	8h	806.82	−0.033%	$521.0M	$804.3M	75x	as long as short
Phoenix BNB	+0.0125%	1h	805.78	−0.162%	$173K	$35K	10x	as long as short
Phemex BNBUSDT	+0.0126%	8h	806.69	−0.050%	$70.4M	$51.8M	50x	as long as short
Hyperliquid BNB	+0.0182%	1h	806.85	−0.030%	$51.9M	$21.4M	10x	as long as short
Bulk BNB-USD	+0.0197%	1h	804.34	−0.341%	$650K	$11K	10x	as long as short
SoDEX BNB-USD	+0.0204%	1h	806.10	−0.123%	$396K	$1.0M	10x	as long as short
RISEx BNB/USDC	+0.0209%	1h	806.35	−0.092%	$1.2M	$1.5M	20x	as long as short
BloFin BNB-USDT	+0.0231%	8h	806.77	−0.040%	$18.8M	$3.1M	75x	as long as short
Hibachi BNB/USDT-P	+0.0240%	1h	805.61	−0.183%	$71K	$48K	12x	as long as short
dYdX BNB-USD	+0.0253%	1h	805.64	−0.180%	$170K	$55K	10x	as long as short
Reya BNBRUSDPERP	+0.0334%	1h	805.79	−0.161%	$6K	$3K	40x	as long as short
01 Exchange BNBUSDlong	+0.0344%	1h	807.09	long leg	$29K	$1K	10x
Injective BNB/USDC PERP	+0.0353%	1h	804.89	−0.273%	$19K	$627K	30x	as long as short
Backpack BNB_USDC_PERP	+0.0652%	1h	806.87	−0.027%	$3.0M	$5.5M	40x	as long as short