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Funding arb · Price arb /

BNB

all BNB markets
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Alert: funding
Measured
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Alert: spread
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding you earn now, next payment 22:00 UTC−0.0441%/8h= −48.3% APRpaid last 24h −0.127%
Price spread now: GMX against BingX+0.022%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on BingXShort 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
The price spread pays, funding is against you. GMX is 0.022% dearer against BingX than usual: you sell high and buy low (spread +0.022% now, against zero (this spread has no 7-day history yet)): +$2 on $10k if it goes back. Holding the pair costs −$13 a day in funding at the current rate, which eats that in about 4 hours.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX BNB-USDT802.230.0070pay 0.0070% / 8h2h 49m—$34.6M—
ShortGMX BNB/USD [WBTC.b-USDC]802.40L −0.0195% / S +0.0371%pay 0.0046% / 1h49m 44s$48K—200x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

GMX against BingX. 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
−$92.71
Price spread: +0.022% → 0.000%
$2.16
Slippage, 4 orders
no order book: not counted
Fee BingX: 5 bp × 2 orders
−$10
Fee GMX: 6 bp × 2 orders
−$12
Net
−$112.55
Costs to cover
0.220%
Break-even
never at this rate
Slippage unknown: BingX: live order book, 4 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 BingX live order book, 4 min ago0.12 bp6.0 bp −$66.7 bp −$6711.6 bp −$1,16325.7 bp −$12.9K
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 −0.0195% / S +0.0371%1h802.40+0.022%$48K—200x
Hotstuff BNB-PERP−0.0080%1h803.04+0.101%$4K$1K25xas long as short
GRVT BNB_USDT_Perp0.0000%8h804.43+0.274%$3.0M$30.3M10xas long as short
Kalshi KXBNBPERP0.0000%8h802.70+0.059%$109K$2.5M4.8xas long as short
StandX BNB-USD0.0000%1h803.33+0.137%$868K$3.0M30xas long as short
Deribit BNB_USDC-PERPETUAL0.0000%1h802.90+0.083%$1.6M$162K25xas long as short
gTrade (Gains Network) BNB/USDL +0.0008% / S −0.0007%1h802.47+0.030%$9.7M—150xas long as short
Kraken Futures PF_BNBUSD+0.0038%1h802.40+0.022%$2.5M$916K50xas long as short
Variational Omni BNB+0.0063%8h802.15−0.009%$4.1M$5.3M—as long as short
BingX BNB-USDTlong+0.0070%8h802.23long leg—$34.6M—
Show all 46 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster BNBUSDT+0.0086%8h802.94+0.089%$6.4M$18.9M200xas long as short
Coinbase International BNB-PERP-INTX+0.0088%1h803.99+0.219%$608K$899K50xas long as short
Lighter BNB+0.0096%1h802.31+0.011%$2.8M$4.2M20xas long as short
Bybit BNBUSDT+0.0098%8h801.68−0.069%$138.8M$83.5M75xas long as short
Nado BNB-PERP+0.0100%1h802.60+0.046%$1.4M$2.8M20xas long as short
Pacifica BNB+0.0100%1h802.46+0.029%$1.2M$923K20xas long as short
OKX BNB-USDT-SWAP+0.0100%8h802.10−0.016%$54.9M$115.2M50xas long as short
Arcus BNB-USD+0.0100%1h802.50+0.034%$52K$191K10xas long as short
Gate BNB_USDT+0.0100%8h801.95−0.035%$35.9M$58.2M75xas long as short
KuCoin BNBUSDTM+0.0100%8h802.22−0.001%$28.1M$10.5M75xas long as short
Bitget BNBUSDT+0.0100%8h801.77−0.057%$78.9M$24.5M75xas long as short
edgeX BNBUSDC+0.0100%4h803.76+0.191%$4.2M$76.8M30xas long as short
ApeX Omni BNBUSDT+0.0100%1h803.49+0.157%$158K$437K50xas long as short
Polymarket Perps BNB-USD+0.0100%1h802.77+0.067%$118K$869K10xas long as short
Orderly PERP_BNB_USDC+0.0100%8h802.42+0.024%$388K$595K50xas long as short
Derive BNB-PERP+0.0100%1h802.58+0.044%$32K$5K10xas long as short
SunX BNB-USDT+0.0100%8h803.48+0.155%$13K$1.7M50xas long as short
SoDEX BNB-USD+0.0100%1h802.40+0.021%$395K$1.0M10xas long as short
HTX BNB-USDT+0.0100%8h802.47+0.030%$8.2M$7.4M75xas long as short
Paradex BNB-USD-PERP+0.0100%8h802.90+0.084%$78K$19K50xas long as short
MEXC BNB_USDT+0.0102%8h803.30+0.133%$84.3M$13.5M200xas long as short
Binance BNBUSDT+0.0102%8h802.76+0.066%$517.8M$807.1M75xas long as short
Extended BNB-USD+0.0104%1h801.83−0.050%$1.9M$6.1M50xas long as short
Aevo BNB-PERP+0.0104%1h802.49+0.033%$385K$40K10xas long as short
Phemex BNBUSDT+0.0123%8h802.97+0.092%$70.1M$51.6M50xas long as short
Phoenix BNB+0.0125%1h803.11+0.110%$173K$35K10xas long as short
Bulk BNB-USD+0.0161%1h803.45+0.152%$649K$11K10xas long as short
Hyperliquid BNB+0.0165%1h802.99+0.095%$51.6M$21.3M10xas long as short
RISEx BNB/USDC+0.0209%1h802.63+0.050%$1.1M$1.4M20xas long as short
dYdX BNB-USD+0.0216%1h802.35+0.015%$170K$55K10xas long as short
BloFin BNB-USDT+0.0222%8h803.27+0.130%$18.8M$3.1M75xas long as short
Hibachi BNB/USDT-P+0.0248%1h802.79+0.070%$71K$48K12xas long as short
01 Exchange BNBUSD+0.0328%1h803.56+0.166%$28K$1K10xas long as short
Reya BNBRUSDPERP+0.0335%1h802.41+0.022%$6K$3K40xas long as short
Injective BNB/USDC PERP+0.0353%1h804.92+0.335%$19K$526K30xas long as short
Backpack BNB_USDC_PERP+0.0671%1h803.50+0.158%$3.0M$5.3M40xas long as short