BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0435%/8h= −47.6% APRnext payment −$0.54 per $10,000 · paid last 24h −0.127%

Price spread now: GMX against Arcus−0.074%7-day average — · you buy dearer than you sell

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

Long on Arcus Short on GMX

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 −$13 a day on $10k at the current rate, and GMX is 0.074% cheaper against Arcus than usual: you would sell low and buy high (−$7 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	Arcus BNB-USD	794.90	0.0100	pay 0.0013% / 1h	28m 44s	$52K	$134K	10x
Short	GMX BNB/USD [WBTC.b-USDC]	794.31	L −0.0167% / S +0.0335%	pay 0.0042% / 1h	28m 44s	$46K	—	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Arcus. 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 ArcusbpFee GMXbpOrdersPrice spread, now −0.074%Rate

Funding earned: −$91.25
Price spread: −0.074% → 0.000%: −$7.42
Slippage, 4 orders: no order book: not counted
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee GMX: 6 bp × 2 orders: −$12
Net: −$115.17
Costs to cover: 0.165%
Break-even: never at this rate

Slippage unknown: Arcus: live order book, 39 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Arcus live order book, 39 min ago	4.39 bp	7.9 bp −$8	25.6 bp −$256	doesn't fit	doesn'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 45 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]short	L −0.0167% / S +0.0335%	1h	794.31	−0.074%	$46K	—	200x
Kraken Futures PF_BNBUSD	−0.0132%	1h	794.04	−0.108%	$2.5M	$1.0M	50x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	794.51	−0.049%	$4K	$239	25x	as long as short
StandX BNB-USD	0.0000%	1h	795.20	+0.038%	$859K	$3.1M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	794.26	−0.081%	$9.7M	—	150x	as long as short
Variational Omni BNB	+0.0025%	8h	793.33	−0.198%	$4.1M	$4.9M	—	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+1.282%	$19K	$789K	30x	as long as short
Aster BNBUSDT	+0.0037%	8h	795.15	+0.031%	$6.1M	$19.7M	200x	as long as short
Gate BNB_USDT	+0.0040%	8h	794.40	−0.063%	$35.4M	$55.9M	75x	as long as short
GRVT BNB_USDT_Perp	+0.0044%	8h	793.45	−0.182%	$3.0M	$28.8M	10x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex BNBUSDT	+0.0048%	8h	794.73	−0.021%	$69.5M	$50.7M	50x	as long as short
BingX BNB-USDT	+0.0050%	8h	794.57	−0.042%	—	$35.0M	—	as long as short
Coinbase International BNB-PERP-INTX	+0.0056%	1h	791.17	−0.469%	$607K	$1.1M	50x	as long as short
MEXC BNB_USDT	+0.0063%	8h	795.40	+0.063%	$82.5M	$12.8M	200x	as long as short
Binance BNBUSDT	+0.0064%	8h	795.25	+0.044%	$494.8M	$811.5M	75x	as long as short
dYdX BNB-USD	+0.0065%	1h	794.66	−0.030%	$161K	$63K	10x	as long as short
Phoenix BNB	+0.0088%	1h	793.37	−0.192%	$170K	$36K	10x	as long as short
Lighter BNB	+0.0096%	1h	794.56	−0.043%	$2.8M	$4.0M	20x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	794.13	−0.097%	$384K	$409K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	794.80	−0.013%	$1.4M	$2.7M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	795.00	+0.013%	$52.1M	$19.8M	10x	as long as short
Pacifica BNB	+0.0100%	1h	794.84	−0.007%	$1.2M	$925K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	794.77	−0.016%	$138.8M	$75.8M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	794.60	−0.038%	$53.2M	$110.5M	50x	as long as short
Arcus BNB-USDlong	+0.0100%	1h	794.90	long leg	$52K	$134K	10x
KuCoin BNBUSDTM	+0.0100%	8h	794.24	−0.083%	$27.7M	$10.1M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	794.24	−0.083%	$77.4M	$28.3M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	794.24	−0.083%	$4.1M	$77.3M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	794.07	−0.104%	$160K	$436K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	794.59	−0.039%	$111K	$886K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	794.41	−0.062%	$32K	$9K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	794.00	−0.113%	$13K	$1.6M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	794.20	−0.088%	$390K	$996K	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	793.99	−0.114%	$8.1M	$8.8M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	795.15	+0.032%	$77K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	794.14	−0.096%	$1.7M	$5.8M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	794.17	−0.092%	$381K	$110K	10x	as long as short
RISEx BNB/USDC	+0.0131%	1h	794.90	+0.001%	$1.1M	$1.4M	20x	as long as short
Kalshi KXBNBPERP	+0.0159%	8h	795.10	+0.025%	$112K	$2.7M	4.8x	as long as short
Bulk BNB-USD	+0.0175%	1h	792.60	−0.289%	$642K	$16K	10x	as long as short
01 Exchange BNBUSD	+0.0256%	1h	795.32	+0.053%	$28K	$2K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	794.73	−0.022%	$1.6M	$160K	25x	as long as short
Reya BNBRUSDPERP	+0.0329%	1h	794.26	−0.081%	$6K	$3K	40x	as long as short
Backpack BNB_USDC_PERP	+0.0392%	1h	795.03	+0.016%	$2.7M	$5.7M	40x	as long as short
Hibachi BNB/USDT-P	+0.0536%	1h	794.30	−0.075%	$68K	$38K	12x	as long as short