Funding arb · Price arb /

BNB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0456%/8h= −49.9% APRpaid last 24h −0.116%

Price spread now: GMX against edgeX−0.019%7-day average — · you buy dearer than you sell

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

Long on edgeX 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—+ Points / potential airdropedgeX: Active · farm boardneeds both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$14 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX BNBUSDC	784.31	0.0100	pay 0.0050% / 4h	2h 22m	$4.1M	$75.2M	30x
Short	GMX BNB/USD [WBTC.b-USDC]	784.16	L −0.0192% / S +0.0356%	pay 0.0044% / 1h	22m 57s	$46K	—	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against edgeX. 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 edgeXbpFee GMXbpOrdersPrice spread, now −0.019%Rate

Funding earned: −$95.69
Price spread: −0.019% → 0.000%: −$1.94
Slippage, 4 orders: no order book: not counted
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee GMX: 6 bp × 2 orders: −$12
Net: −$118.63
Costs to cover: 0.210%
Break-even: never at this rate

Slippage unknown: edgeX: live order book, 1 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 edgeX live order book, 1 min ago	2.55 bp	7.0 bp −$7	7.0 bp −$70	10.5 bp −$1,053	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 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]short	L −0.0192% / S +0.0356%	1h	784.16	−0.019%	$46K	—	200x
Hotstuff BNB-PERP	−0.0080%	1h	785.14	+0.106%	$4K	$42	25x	as long as short
StandX BNB-USD	0.0000%	1h	785.63	+0.168%	$847K	$3.0M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	784.30	−0.001%	$9.5M	—	150x	as long as short
Aster BNBUSDT	+0.0033%	8h	785.28	+0.124%	$6.1M	$19.0M	200x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.649%	$19K	$789K	30x	as long as short
BingX BNB-USDT	+0.0042%	8h	784.91	+0.076%	—	$22.1M	—	as long as short
Phemex BNBUSDT	+0.0051%	8h	785.01	+0.089%	$68.7M	$50.5M	50x	as long as short
MEXC BNB_USDT	+0.0056%	8h	785.60	+0.164%	$80.3M	$12.0M	200x	as long as short
Binance BNBUSDT	+0.0057%	8h	785.41	+0.141%	$489.4M	$811.7M	75x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_BNBUSD	+0.0069%	1h	784.31	0.000%	$2.5M	$1.2M	50x	as long as short
Coinbase International BNB-PERP-INTX	+0.0080%	1h	784.62	+0.039%	$567K	$1.9M	50x	as long as short
Lighter BNB	+0.0096%	1h	784.58	+0.034%	$2.7M	$3.8M	20x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	784.42	+0.014%	$264K	$489K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	784.30	−0.001%	$1.4M	$2.7M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	785.13	+0.104%	$51.4M	$17.6M	10x	as long as short
Pacifica BNB	+0.0100%	1h	784.84	+0.068%	$1.2M	$933K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	784.70	+0.050%	$137.8M	$74.7M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	784.60	+0.037%	$53.3M	$112.4M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	784.70	+0.050%	$52K	$129K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	784.55	+0.031%	$36.5M	$58.9M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	784.28	−0.004%	$27.6M	$10.2M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	784.45	+0.018%	$75.9M	$31.0M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	784.97	+0.084%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	783.72	−0.075%	$4.0M	$4.8M	—	as long as short
edgeX BNBUSDClong	+0.0100%	4h	784.31	long leg	$4.1M	$75.2M	30x
ApeX Omni BNBUSDT	+0.0100%	1h	784.92	+0.078%	$158K	$439K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	784.28	−0.004%	$131K	$951K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	784.51	+0.025%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	784.95	+0.081%	$12K	$1.5M	50x	as long as short
HTX BNB-USDT	+0.0100%	8h	784.69	+0.048%	$8.0M	$10.0M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	784.96	+0.083%	$76K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	784.44	+0.016%	$1.8M	$6.2M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	784.49	+0.022%	$377K	$110K	10x	as long as short
SoDEX BNB-USD	+0.0105%	1h	784.50	+0.024%	$386K	$993K	10x	as long as short
Phoenix BNB	+0.0107%	1h	784.35	+0.005%	$169K	$35K	10x	as long as short
Kalshi KXBNBPERP	+0.0149%	8h	785.10	+0.101%	$161K	$2.7M	4.8x	as long as short
dYdX BNB-USD	+0.0167%	1h	784.36	+0.006%	$159K	$62K	10x	as long as short
BloFin BNB-USDT	+0.0177%	8h	785.15	+0.107%	$17.7M	$2.2M	75x	as long as short
GRVT BNB_USDT_Perp	+0.0210%	8h	785.65	+0.171%	$2.9M	$29.2M	10x	as long as short
01 Exchange BNBUSD	+0.0296%	1h	785.06	+0.096%	$28K	$4K	10x	as long as short
Bulk BNB-USD	+0.0298%	1h	785.69	+0.176%	$637K	$4K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	784.84	+0.067%	$1.5M	$143K	25x	as long as short
Reya BNBRUSDPERP	+0.0323%	1h	784.15	−0.020%	$6K	$3K	40x	as long as short
RISEx BNB/USDC	+0.0432%	1h	784.73	+0.054%	$1.1M	$905K	20x	as long as short
Hibachi BNB/USDT-P	+0.0512%	1h	784.74	+0.054%	$67K	$39K	12x	as long as short