Settings8H · net · $10k
Funding arb · Price arb /

BNB

all BNB markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC−0.0476%/8h= −52.1% APRnext payment $0.59 per $10,000 · paid last 24h −0.125%
Price spread now: GMX against Aevo−0.023%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
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 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work against this trade now: funding costs −$14 a day on $10k at the current rate, and GMX is 0.023% cheaper against Aevo than usual: you would sell low and buy high (−$2 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAevo BNB-PERP799.450.0104pay 0.0013% / 1h3m 43s$384K$40K10x
ShortGMX BNB/USD [WBTC.b-USDC]799.27L −0.0201% / S +0.0372%pay 0.0046% / 1h3m 43s$47K200x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

GMX against Aevo. 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
−$99.86
Price spread: −0.023% → 0.000%
−$2.26
Slippage, 4 orders
no order book: not counted
Fee Aevo: 8 bp × 2 orders
−$16
Fee GMX: 6 bp × 2 orders
−$12
Net
−$130.12
Costs to cover
0.280%
Break-even
never at this rate
Slippage unknown: Aevo: live order book, 10 min ago; GMX: 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
LegHalf-spread$10k$100k$1M$5M
Buy Aevo live order book, 10 min ago2.82 bp12.6 bp −$1319.5 bp −$19523.7 bp −$2,368doesn't fit
Sell GMX no order-book sample
GMX: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GMX BNB/USD [WBTC.b-USDC]shortL −0.0201% / S +0.0372%1h799.27−0.023%$47K200x
Hotstuff BNB-PERP−0.0080%1h799.29−0.020%$4K$1K25xas long as short
Kraken Futures PF_BNBUSD−0.0074%1h799.27−0.022%$2.5M$975K50xas long as short
GRVT BNB_USDT_Perp0.0000%8h798.60−0.106%$3.0M$27.9M10xas long as short
StandX BNB-USD0.0000%1h798.91−0.068%$863K$2.9M30xas long as short
Variational Omni BNB+0.0007%8h797.54−0.239%$4.1M$5.4Mas long as short
gTrade (Gains Network) BNB/USDL +0.0008% / S −0.0007%1h799.36−0.012%$9.7M150xas long as short
BingX BNB-USDC+0.0030%8h799.16−0.036%$13.3Mas long as short
Bybit BNBUSDT+0.0038%8h799.00−0.056%$138.7M$77.0M75xas long as short
Coinbase International BNB-PERP-INTX+0.0072%1h798.68−0.096%$602K$986K50xas long as short
Show all 46 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster BNBUSDT+0.0078%8h799.79+0.042%$6.2M$19.2M200xas long as short
Phemex BNBUSDT+0.0094%8h799.74+0.036%$69.9M$50.6M50xas long as short
Lighter BNB+0.0096%1h799.38−0.009%$2.8M$4.1M20xas long as short
MEXC BNB_USDT+0.0099%8h800.00+0.069%$83.1M$13.6M200xas long as short
Binance BNBUSDT+0.0099%8h799.69+0.030%$497.8M$818.3M75xas long as short
Nado BNB-PERP+0.0100%1h799.00−0.056%$1.4M$2.7M20xas long as short
Pacifica BNB+0.0100%1h799.38−0.009%$1.2M$925K20xas long as short
OKX BNB-USDT-SWAP+0.0100%8h798.90−0.069%$54.4M$112.8M50xas long as short
Arcus BNB-USD+0.0100%1h799.40−0.006%$53K$133K10xas long as short
Gate BNB_USDT+0.0100%8h798.90−0.069%$35.7M$58.7M75xas long as short
KuCoin BNBUSDTM+0.0100%8h799.16−0.036%$28.0M$10.2M75xas long as short
Bitget BNBUSDT+0.0100%8h798.89−0.070%$78.9M$27.7M75xas long as short
edgeX BNBUSDC+0.0100%4h798.64−0.101%$4.1M$76.3M30xas long as short
ApeX Omni BNBUSDT+0.0100%1h799.12−0.041%$161K$437K50xas long as short
Polymarket Perps BNB-USD+0.0100%1h799.23−0.027%$116K$872K10xas long as short
Orderly PERP_BNB_USDC+0.0100%8h799.22−0.029%$386K$494K50xas long as short
Derive BNB-PERP+0.0100%1h799.42−0.004%$32K$5K10xas long as short
SunX BNB-USDT+0.0100%8h799.86+0.051%$13K$1.7M50xas long as short
SoDEX BNB-USD+0.0100%1h799.40−0.006%$393K$1.0M10xas long as short
Deribit BNB_USDC-PERPETUAL+0.0100%1h799.73+0.035%$1.6M$165K25xas long as short
HTX BNB-USDT+0.0100%8h798.23−0.152%$8.2M$8.1M75xas long as short
Paradex BNB-USD-PERP+0.0100%8h799.80+0.044%$78K$19K50xas long as short
Extended BNB-USD+0.0104%1h798.80−0.081%$1.8M$6.6M50xas long as short
Aevo BNB-PERPlong+0.0104%1h799.45long leg$384K$40K10x
Phoenix BNB+0.0127%1h798.37−0.135%$172K$36K10xas long as short
Kalshi KXBNBPERP+0.0152%8h799.60+0.019%$90K$2.9M4.8xas long as short
Hibachi BNB/USDT-P+0.0152%1h798.38−0.134%$70K$43K12xas long as short
Bulk BNB-USD+0.0191%1h798.83−0.078%$649K$17K10xas long as short
BloFin BNB-USDT+0.0219%8h798.91−0.068%$18.1M$2.5M75xas long as short
Hyperliquid BNB+0.0246%1h799.99+0.068%$52.5M$20.8M10xas long as short
RISEx BNB/USDC+0.0258%1h799.24−0.026%$1.1M$1.4M20xas long as short
01 Exchange BNBUSD+0.0264%1h799.64+0.024%$28K$1K10xas long as short
Injective BNB/USDC PERP+0.0306%1h805.09+0.706%$19K$789K30xas long as short
dYdX BNB-USD+0.0329%1h798.88−0.072%$161K$63K10xas long as short
Reya BNBRUSDPERP+0.0331%1h798.90−0.069%$6K$3K40xas long as short
Backpack BNB_USDC_PERP+0.0339%1h799.62+0.021%$2.7M$5.7M40xas long as short