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

BNB

all BNB markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC+0.0092%/8h= +10.1% APRpaid last 24h +0.028%
Price spread now: edgeX against gTrade (Gains Network)+0.112%52s7-day average +0.071% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$2842.840% of the position
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.086%+$9 on $10k
Price spread, last 3 days (all we have)−0.056%−$6 · spread now +0.112%, 7d avg +0.071%
Together, before fees+0.030%+ Points / potential airdropedgeX: Active · farm board+$3 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and edgeX is 0.041% dearer against gTrade (Gains Network) than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.071%. The two prices were read 52 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LonggTrade (Gains Network) BNB/USD794.94L +0.0008% / S −0.0007%pay 0.0001% / 1h23m 33s$9.7M150x
ShortedgeX BNBUSDC795.830.0100get 0.0050% / 4h2h 23m$4.1M$76.7M30x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

edgeX 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
$19.41
Price spread: +0.112% → +0.071%
$4.05
Slippage, 4 orders
−$265.03
Fee gTrade (Gains Network): 5 bp × 2 orders
−$10
Fee edgeX: 4.5 bp × 2 orders
−$9
Net
−$260.58
Costs to cover
2.840%
Break-even
101.0 days
Slippage from gTrade (Gains Network): virtual book (oracle venue), 1 min ago; edgeX: live order book, 1 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), 1 min ago130.00 bp135.0 bp −$135135.0 bp −$1,350416.8 bp −$41.7K2253.7 bp −$1.13M
Sell edgeX live order book, 1 min ago2.51 bp7.0 bp −$77.0 bp −$7011.3 bp −$1,127doesn't fit

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]L −0.0167% / S +0.0335%1h794.88−0.008%$46K200xas long as short
Kraken Futures PF_BNBUSD−0.0131%1h795.01+0.008%$2.5M$1.0M50xas long as short
Hotstuff BNB-PERP−0.0080%1h795.41+0.059%$4K$23925xas long as short
StandX BNB-USD0.0000%1h795.71+0.097%$860K$3.1M30xas long as short
gTrade (Gains Network) BNB/USDlongL +0.0008% / S −0.0007%1h794.94long leg$9.7M150x
Variational Omni BNB+0.0031%8h795.62+0.085%$4.1M$4.8Mas long as short
Injective BNB/USDC PERP+0.0033%1h805.09+1.277%$19K$789K30xas long as short
Aster BNBUSDT+0.0037%8h795.72+0.098%$6.1M$19.7M200xas long as short
BingX BNB-USDT+0.0050%8h795.17+0.029%$34.9Mas long as short
Gate BNB_USDT+0.0051%8h794.95+0.001%$35.4M$56.3M75xas long as short
Show all 45 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Phemex BNBUSDT+0.0054%8h795.60+0.083%$69.6M$50.8M50xas long as short
Coinbase International BNB-PERP-INTX+0.0056%1h795.53+0.074%$610K$1.1M50xas long as short
MEXC BNB_USDT+0.0063%8h795.90+0.121%$82.6M$12.8M200xas long as short
Binance BNBUSDT+0.0063%8h795.49+0.069%$495.0M$810.0M75xas long as short
GRVT BNB_USDT_Perp+0.0068%8h796.16+0.153%$3.0M$28.5M10xas long as short
dYdX BNB-USD+0.0075%1h795.36+0.053%$161K$63K10xas long as short
Phoenix BNB+0.0088%1h795.80+0.108%$171K$36K10xas long as short
Lighter BNB+0.0096%1h795.38+0.055%$2.8M$4.0M20xas long as short
Orderly PERP_BNB_USDC+0.0100%8h794.940.000%$384K$409K50xas long as short
Nado BNB-PERP+0.0100%1h795.00+0.008%$1.4M$2.7M20xas long as short
Hyperliquid BNB+0.0100%1h795.55+0.077%$52.1M$19.3M10xas long as short
Pacifica BNB+0.0100%1h795.35+0.052%$1.2M$925K20xas long as short
Bybit BNBUSDT+0.0100%8h794.92−0.003%$139.0M$75.6M75xas long as short
OKX BNB-USDT-SWAP+0.0100%8h794.80−0.018%$53.3M$110.4M50xas long as short
Arcus BNB-USD+0.0100%1h795.20+0.033%$52K$134K10xas long as short
KuCoin BNBUSDTM+0.0100%8h794.88−0.008%$27.7M$10.1M75xas long as short
Bitget BNBUSDT+0.0100%8h794.88−0.008%$77.4M$28.1M75xas long as short
edgeX BNBUSDCshort+0.0100%4h795.83+0.112%$4.1M$76.7M30x
ApeX Omni BNBUSDT+0.0100%1h795.67+0.092%$160K$436K50xas long as short
Polymarket Perps BNB-USD+0.0100%1h794.91−0.004%$111K$886K10xas long as short
Derive BNB-PERP+0.0100%1h795.11+0.021%$32K$9K10xas long as short
SunX BNB-USDT+0.0100%8h795.36+0.053%$12K$1.6M50xas long as short
SoDEX BNB-USD+0.0100%1h795.10+0.020%$391K$997K10xas long as short
HTX BNB-USDT+0.0100%8h795.34+0.050%$8.2M$8.9M75xas long as short
Paradex BNB-USD-PERP+0.0100%8h795.72+0.099%$77K$17K50xas long as short
Extended BNB-USD+0.0104%1h794.74−0.025%$1.7M$5.8M50xas long as short
Aevo BNB-PERP+0.0104%1h795.15+0.027%$382K$110K10xas long as short
RISEx BNB/USDC+0.0131%1h795.39+0.056%$1.1M$1.1M20xas long as short
Kalshi KXBNBPERP+0.0156%8h795.40+0.058%$112K$2.7M4.8xas long as short
Bulk BNB-USD+0.0195%1h795.93+0.124%$644K$16K10xas long as short
01 Exchange BNBUSD+0.0256%1h795.53+0.074%$28K$2K10xas long as short
Deribit BNB_USDC-PERPETUAL+0.0300%1h795.47+0.067%$1.6M$160K25xas long as short
Reya BNBRUSDPERP+0.0329%1h794.70−0.030%$6K$3K40xas long as short
Backpack BNB_USDC_PERP+0.0381%1h795.86+0.116%$2.7M$5.7M40xas long as short
Hibachi BNB/USDT-P+0.0536%1h795.40+0.057%$68K$38K12xas long as short