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 −0.126%
Price spread now: GMX against Extended+0.031%7-day average · you sell dearer than you buy
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 fees+ Points / potential airdropExtended: Active · farm boardneeds both histories
The price spread pays, funding is against you. GMX is 0.031% dearer against Extended than usual: you sell high and buy low (spread +0.031% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs −$14 a day in funding at the current rate, which eats that in about 5 hours.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended BNB-USD802.190.0104pay 0.0013% / 1h54m 52s$1.9M$6.4M50x
ShortGMX BNB/USD [WBTC.b-USDC]802.44L −0.0201% / S +0.0372%pay 0.0046% / 1h54m 52s$48K200x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

GMX against Extended. 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: +0.031% → 0.000%
$3.13
Slippage, 4 orders
no order book: not counted
Fee Extended: 2.5 bp × 2 orders
−$5
Fee GMX: 6 bp × 2 orders
−$12
Net
−$113.73
Costs to cover
0.170%
Break-even
never at this rate
Slippage unknown: Extended: 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 Extended live order book, 4 min ago0.06 bp3.5 bp −$35.2 bp −$52doesn't fitdoesn'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%1h802.44+0.031%$48K200x
Hotstuff BNB-PERP−0.0080%1h802.80+0.076%$4K$1K25xas long as short
Kraken Futures PF_BNBUSD−0.0074%1h802.45+0.032%$2.6M$969K50xas long as short
GRVT BNB_USDT_Perp0.0000%8h802.50+0.038%$3.0M$28.2M10xas long as short
StandX BNB-USD0.0000%1h803.15+0.120%$868K$2.9M30xas long as short
gTrade (Gains Network) BNB/USDL +0.0008% / S −0.0007%1h802.46+0.034%$9.8M150xas long as short
Variational Omni BNB+0.0031%8h801.64−0.068%$4.2M$5.4Mas long as short
BingX BNB-USDT+0.0053%8h802.67+0.060%$34.8Mas long as short
Bybit BNBUSDT+0.0066%8h802.28+0.011%$139.4M$78.6M75xas long as short
Coinbase International BNB-PERP-INTX+0.0072%1h800.72−0.183%$607K$998K50xas long as short
Show all 46 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter BNB+0.0096%1h802.82+0.078%$2.8M$4.1M20xas long as short
Nado BNB-PERP+0.0100%1h802.10−0.011%$1.4M$2.7M20xas long as short
Pacifica BNB+0.0100%1h802.62+0.053%$1.2M$926K20xas long as short
OKX BNB-USDT-SWAP+0.0100%8h802.50+0.039%$54.8M$113.6M50xas long as short
Arcus BNB-USD+0.0100%1h802.80+0.076%$53K$133K10xas long as short
Gate BNB_USDT+0.0100%8h802.40+0.026%$35.8M$57.5M75xas long as short
KuCoin BNBUSDTM+0.0100%8h802.36+0.021%$28.1M$10.3M75xas long as short
Bitget BNBUSDT+0.0100%8h802.34+0.019%$79.6M$27.4M75xas long as short
edgeX BNBUSDC+0.0100%4h802.60+0.051%$4.2M$77.6M30xas long as short
ApeX Omni BNBUSDT+0.0100%1h802.61+0.052%$162K$442K50xas long as short
Polymarket Perps BNB-USD+0.0100%1h802.39+0.025%$119K$874K10xas long as short
Orderly PERP_BNB_USDC+0.0100%8h802.52+0.041%$388K$497K50xas long as short
Derive BNB-PERP+0.0100%1h802.72+0.066%$32K$5K10xas long as short
SunX BNB-USDT+0.0100%8h802.97+0.097%$13K$1.7M50xas long as short
HTX BNB-USDT+0.0100%8h802.22+0.003%$8.2M$7.9M75xas long as short
Paradex BNB-USD-PERP+0.0100%8h802.98+0.098%$78K$19K50xas long as short
Aster BNBUSDT+0.0103%8h803.31+0.140%$6.4M$19.0M200xas long as short
Extended BNB-USDlong+0.0104%1h802.19long leg$1.9M$6.4M50x
Aevo BNB-PERP+0.0104%1h802.87+0.084%$386K$40K10xas long as short
Phemex BNBUSDT+0.0115%8h803.02+0.103%$70.2M$51.1M50xas long as short
Kalshi KXBNBPERP+0.0117%8h802.60+0.051%$109K$2.9M4.8xas long as short
MEXC BNB_USDT+0.0122%8h803.60+0.176%$83.6M$13.5M200xas long as short
Binance BNBUSDT+0.0123%8h803.39+0.150%$502.5M$818.7M75xas long as short
Phoenix BNB+0.0155%1h802.36+0.021%$172K$36K10xas long as short
SoDEX BNB-USD+0.0223%1h802.60+0.051%$395K$1.0M10xas long as short
BloFin BNB-USDT+0.0243%8h803.22+0.128%$18.2M$2.6M75xas long as short
Hibachi BNB/USDT-P+0.0248%1h802.25+0.008%$71K$48K12xas long as short
RISEx BNB/USDC+0.0258%1h802.58+0.049%$1.1M$1.4M20xas long as short
Backpack BNB_USDC_PERP+0.0272%1h803.33+0.142%$2.7M$5.7M40xas long as short
Bulk BNB-USD+0.0289%1h801.15−0.130%$651K$20K10xas long as short
Deribit BNB_USDC-PERPETUAL+0.0300%1h803.01+0.102%$1.6M$165K25xas long as short
Injective BNB/USDC PERP+0.0306%1h805.09+0.362%$19K$789K30xas long as short
Hyperliquid BNB+0.0328%1h803.32+0.141%$52.0M$21.7M10xas long as short
Reya BNBRUSDPERP+0.0332%1h802.03−0.020%$6K$3K40xas long as short
01 Exchange BNBUSD+0.0432%1h803.41+0.152%$28K$1K10xas long as short
dYdX BNB-USD+0.0504%1h802.23+0.005%$162K$62K10xas long as short