Settings8H · net · $10k
Funding arb · Price arb /

BNB

all BNB markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC+0.0240%/8h= +26.3% APRnext payment +$0.30 per $10,000 · paid last 24h +0.132%
Price spread now: dYdX against gTrade (Gains Network)+0.098%7-day average +0.004% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$298as in the Price arb table
costs, in and out, $10k−$3083.078% of the position
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.417%+$42 on $10k
Price spread, last 3 days (all we have)−0.110%−$11 · spread now +0.098%, 7d avg +0.004%
Together, before fees+0.308%+$31 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and dYdX is 0.094% dearer against gTrade (Gains Network) than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of +0.004%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LonggTrade (Gains Network) BNB/USD798.10L +0.0008% / S −0.0007%pay 0.0001% / 1h56m 06s$9.7M150x
ShortdYdX BNB-USD798.890.0248get 0.0031% / 1h56m 06s$161K$63K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

dYdX against gTrade (Gains Network). 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
$50.39
Price spread: +0.098% → +0.004%
$9.38
Slippage, 4 orders
−$287.76
Fee gTrade (Gains Network): 5 bp × 2 orders
−$10
Fee dYdX: 5 bp × 2 orders
−$10
Net
−$247.98
Costs to cover
3.078%
Break-even
41.4 days
Slippage from gTrade (Gains Network): virtual book (oracle venue), 3 min ago; dYdX: live order book, 18 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy gTrade (Gains Network) virtual book (oracle venue), 3 min ago130.01 bp135.0 bp −$135135.0 bp −$1,350416.8 bp −$41.7K2253.7 bp −$1.13M
Sell dYdX live order book, 18 min ago9.69 bp21.6 bp −$2252.9 bp −$52982.6 bp −$8,265129.5 bp −$64.8K

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]L −0.0201% / S +0.0372%1h798.05−0.007%$47K200xas long as short
Kraken Futures PF_BNBUSD−0.0121%1h798.28+0.022%$2.5M$977K50xas long as short
Hotstuff BNB-PERP−0.0080%1h798.88+0.097%$4K$23925xas long as short
GRVT BNB_USDT_Perp0.0000%8h799.73+0.204%$3.0M$27.9M10xas long as short
StandX BNB-USD0.0000%1h799.47+0.171%$864K$2.9M30xas long as short
Phemex BNBUSDT0.0000%8h798.75+0.081%$69.9M$50.7M50xas long as short
gTrade (Gains Network) BNB/USDlongL +0.0008% / S −0.0007%1h798.10long leg$9.7M150x
Variational Omni BNB+0.0010%8h798.14+0.005%$4.1M$5.4Mas long as short
Gate BNB_USDT+0.0021%8h798.10−0.001%$35.7M$55.6M75xas long as short
Bybit BNBUSDT+0.0027%8h798.19+0.011%$138.6M$76.9M75xas long as short
Show all 46 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective BNB/USDC PERP+0.0033%1h805.09+0.875%$19K$789K30xas long as short
Coinbase International BNB-PERP-INTX+0.0048%1h798.68+0.072%$602K$985K50xas long as short
Aster BNBUSDT+0.0074%8h798.70+0.075%$6.2M$19.3M200xas long as short
BingX BNB-USDT+0.0077%8h798.35+0.031%$35.2Mas long as short
Binance BNBUSDT+0.0094%8h798.85+0.093%$497.0M$818.2M75xas long as short
MEXC BNB_USDT+0.0095%8h799.10+0.125%$83.0M$13.5M200xas long as short
Lighter BNB+0.0096%1h798.42+0.039%$2.8M$4.0M20xas long as short
Nado BNB-PERP+0.0100%1h797.95−0.019%$1.4M$2.7M20xas long as short
Pacifica BNB+0.0100%1h798.79+0.086%$1.2M$925K20xas long as short
OKX BNB-USDT-SWAP+0.0100%8h798.20+0.012%$54.3M$112.4M50xas long as short
Arcus BNB-USD+0.0100%1h798.80+0.087%$53K$133K10xas long as short
KuCoin BNBUSDTM+0.0100%8h797.99−0.014%$28.0M$10.2M75xas long as short
Bitget BNBUSDT+0.0100%8h798.08−0.003%$78.8M$27.7M75xas long as short
edgeX BNBUSDC+0.0100%4h799.62+0.191%$4.2M$76.0M30xas long as short
ApeX Omni BNBUSDT+0.0100%1h799.37+0.159%$161K$436K50xas long as short
Polymarket Perps BNB-USD+0.0100%1h798.17+0.008%$116K$872K10xas long as short
Orderly PERP_BNB_USDC+0.0100%8h798.06−0.006%$386K$487K50xas long as short
Derive BNB-PERP+0.0100%1h798.23+0.016%$32K$5K10xas long as short
SunX BNB-USDT+0.0100%8h798.68+0.072%$13K$1.7M50xas long as short
SoDEX BNB-USD+0.0100%1h798.40+0.037%$393K$1.0M10xas long as short
Deribit BNB_USDC-PERPETUAL+0.0100%1h798.48+0.047%$1.6M$160K25xas long as short
HTX BNB-USDT+0.0100%8h798.39+0.036%$8.2M$8.1M75xas long as short
Paradex BNB-USD-PERP+0.0100%8h799.22+0.140%$78K$19K50xas long as short
Extended BNB-USD+0.0104%1h797.70−0.051%$1.8M$6.6M50xas long as short
Aevo BNB-PERP+0.0104%1h798.46+0.044%$384K$64K10xas long as short
Phoenix BNB+0.0127%1h799.98+0.235%$172K$35K10xas long as short
Hibachi BNB/USDT-P+0.0152%1h799.05+0.118%$70K$43K12xas long as short
Kalshi KXBNBPERP+0.0154%8h799.00+0.112%$90K$2.9M4.8xas long as short
RISEx BNB/USDC+0.0155%1h798.61+0.063%$1.1M$1.4M20xas long as short
Bulk BNB-USD+0.0158%1h799.24+0.142%$649K$14K10xas long as short
01 Exchange BNBUSD+0.0208%1h798.90+0.100%$28K$1K10xas long as short
BloFin BNB-USDT+0.0215%8h799.13+0.129%$18.1M$2.5M75xas long as short
dYdX BNB-USDshort+0.0248%1h798.89+0.098%$161K$63K10x
Hyperliquid BNB+0.0289%1h799.19+0.136%$52.5M$20.8M10xas long as short
Backpack BNB_USDC_PERP+0.0299%1h799.08+0.122%$2.7M$5.7M40xas long as short
Reya BNBRUSDPERP+0.0331%1h797.72−0.048%$6K$3K40xas long as short