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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 02:00 UTC−0.0435%/8h= −47.6% APRpaid last 24h −0.121%
Price spread now: GMX against Bitget+0.053%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on BitgetShort 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 0.053% dearer against Bitget than usual: you sell high and buy low (spread +0.053% now, against zero (this spread has no 7-day history yet)): +$5 on $10k if it goes back. Holding the pair costs −$13 a day in funding at the current rate, which eats that in about 10 hours.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget BNBUSDT793.580.0100pay 0.0100% / 8h6h 32m$77.3M$28.3M75x
ShortGMX BNB/USD [WBTC.b-USDC]794.00L −0.0167% / S +0.0335%pay 0.0042% / 1h32m 11s$46K—200x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

GMX against Bitget. 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
−$91.25
Price spread: +0.053% → 0.000%
$5.27
Slippage, 4 orders
no order book: not counted
Fee Bitget: 6 bp × 2 orders
−$12
Fee GMX: 6 bp × 2 orders
−$12
Net
−$109.98
Costs to cover
0.240%
Break-even
never at this rate
Slippage unknown: Bitget: live order book, 2 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 Bitget live order book, 2 min ago0.06 bp7.0 bp −$78.5 bp −$8515.9 bp −$1,595doesn'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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GMX BNB/USD [WBTC.b-USDC]shortL −0.0167% / S +0.0335%1h794.00+0.053%$46K—200x
Kraken Futures PF_BNBUSD−0.0132%1h793.86+0.036%$2.5M$1.0M50xas long as short
Hotstuff BNB-PERP−0.0080%1h793.90+0.040%$4K$23925xas long as short
StandX BNB-USD0.0000%1h793.56−0.003%$858K$3.1M30xas long as short
gTrade (Gains Network) BNB/USDL +0.0008% / S −0.0007%1h793.93+0.044%$9.7M—150xas long as short
Variational Omni BNB+0.0021%8h792.33−0.158%$4.0M$4.9M—as long as short
Gate BNB_USDT+0.0026%8h793.70+0.015%$35.4M$55.8M75xas long as short
Injective BNB/USDC PERP+0.0033%1h805.09+1.450%$19K$789K30xas long as short
Aster BNBUSDT+0.0034%8h794.65+0.135%$6.1M$19.8M200xas long as short
GRVT BNB_USDT_Perp+0.0045%8h793.31−0.034%$3.0M$28.8M10xas long as short
Show all 45 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX BNB-USDC+0.0049%8h793.92+0.043%—$13.3M—as long as short
Phemex BNBUSDT+0.0054%8h794.45+0.110%$69.5M$50.7M50xas long as short
Coinbase International BNB-PERP-INTX+0.0056%1h791.17−0.304%$607K$1.1M50xas long as short
dYdX BNB-USD+0.0063%1h793.27−0.039%$160K$63K10xas long as short
MEXC BNB_USDT+0.0063%8h794.60+0.129%$82.4M$12.8M200xas long as short
Binance BNBUSDT+0.0063%8h794.37+0.100%$494.2M$813.1M75xas long as short
Phoenix BNB+0.0088%1h792.22−0.171%$170K$36K10xas long as short
Lighter BNB+0.0096%1h793.94+0.046%$2.8M$4.0M20xas long as short
Orderly PERP_BNB_USDC+0.0100%8h793.98+0.050%$384K$409K50xas long as short
Nado BNB-PERP+0.0100%1h793.30−0.035%$1.4M$2.7M20xas long as short
Hyperliquid BNB+0.0100%1h794.18+0.076%$52.0M$19.8M10xas long as short
Pacifica BNB+0.0100%1h794.05+0.060%$1.2M$926K20xas long as short
Bybit BNBUSDT+0.0100%8h793.65+0.009%$138.4M$76.2M75xas long as short
OKX BNB-USDT-SWAP+0.0100%8h793.60+0.003%$53.2M$110.5M50xas long as short
Arcus BNB-USD+0.0100%1h794.10+0.066%$52K$134K10xas long as short
KuCoin BNBUSDTM+0.0100%8h793.52−0.008%$27.7M$10.1M75xas long as short
Bitget BNBUSDTlong+0.0100%8h793.58long leg$77.3M$28.3M75x
edgeX BNBUSDC+0.0100%4h793.22−0.046%$4.1M$77.1M30xas long as short
ApeX Omni BNBUSDT+0.0100%1h793.21−0.047%$159K$436K50xas long as short
Polymarket Perps BNB-USD+0.0100%1h794.04+0.058%$111K$886K10xas long as short
Derive BNB-PERP+0.0100%1h794.15+0.071%$32K$9K10xas long as short
SunX BNB-USDT+0.0100%8h794.60+0.128%$13K$1.6M50xas long as short
SoDEX BNB-USD+0.0100%1h794.10+0.066%$390K$995K10xas long as short
HTX BNB-USDT+0.0100%8h793.11−0.060%$8.1M$8.8M75xas long as short
Paradex BNB-USD-PERP+0.0100%8h794.11+0.067%$77K$17K50xas long as short
Extended BNB-USD+0.0104%1h793.59+0.002%$1.7M$5.9M50xas long as short
Aevo BNB-PERP+0.0104%1h794.03+0.057%$381K$110K10xas long as short
RISEx BNB/USDC+0.0131%1h794.12+0.068%$1.1M$1.3M20xas long as short
Kalshi KXBNBPERP+0.0161%8h793.90+0.040%$111K$2.8M4.8xas long as short
Bulk BNB-USD+0.0175%1h792.60−0.123%$642K$16K10xas long as short
01 Exchange BNBUSD+0.0248%1h794.57+0.125%$28K$2K10xas long as short
Reya BNBRUSDPERP+0.0329%1h793.81+0.029%$6K$3K40xas long as short
Backpack BNB_USDC_PERP+0.0397%1h794.38+0.101%$2.7M$5.7M40xas long as short
Deribit BNB_USDC-PERPETUAL+0.0400%1h794.48+0.113%$1.6M$161K25xas long as short
Hibachi BNB/USDT-P+0.0536%1h793.29−0.036%$68K$38K12xas long as short