Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0472%/8h= −51.6% APRpaid last 24h −0.124%

Price spread now: GMX against Gate−0.012%7-day average — · you buy dearer than you sell

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

Long on Gate 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—needs 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	Gate BNB_USDT	806.30	0.0100	pay 0.0100% / 8h	1h 39m	$36.1M	$57.6M	75x
Short	GMX BNB/USD [WBTC.b-USDC]	806.20	L −0.0201% / S +0.0372%	pay 0.0046% / 1h	39m 33s	$48K	—	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Gate. 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 GatebpFee GMXbpOrdersPrice spread, now −0.012%Rate

Funding earned: −$99.02
Price spread: −0.012% → 0.000%: −$1.22
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee GMX: 6 bp × 2 orders: −$12
Net: −$127.24
Costs to cover: 0.270%
Break-even: never at this rate

Slippage unknown: Gate: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Gate live order book, 4 min ago	0.31 bp	10.8 bp −$11	14.2 bp −$142	28.5 bp −$2,852	55.0 bp −$27.5K
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 −0.0201% / S +0.0372%	1h	806.20	−0.012%	$48K	—	200x
Hotstuff BNB-PERP	−0.0080%	1h	806.78	+0.060%	$4K	$1K	25x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	807.25	+0.118%	$3.0M	$29.1M	10x	as long as short
Kalshi KXBNBPERP	0.0000%	8h	807.40	+0.136%	$108K	$2.5M	4.8x	as long as short
StandX BNB-USD	0.0000%	1h	806.95	+0.081%	$872K	$2.8M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	806.39	+0.011%	$9.8M	—	150x	as long as short
Variational Omni BNB	+0.0044%	8h	806.56	+0.032%	$4.1M	$5.3M	—	as long as short
BingX BNB-USDC	+0.0059%	8h	806.33	+0.004%	—	$13.3M	—	as long as short
Bybit BNBUSDT	+0.0083%	8h	805.90	−0.050%	$139.6M	$81.1M	75x	as long as short
Lighter BNB	+0.0096%	1h	806.58	+0.035%	$2.8M	$4.2M	20x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hibachi BNB/USDT-P	+0.0096%	1h	807.09	+0.098%	$72K	$48K	12x	as long as short
Coinbase International BNB-PERP-INTX	+0.0096%	1h	805.54	−0.094%	$608K	$881K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	806.00	−0.037%	$1.5M	$2.7M	20x	as long as short
Pacifica BNB	+0.0100%	1h	806.73	+0.053%	$1.2M	$923K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	806.10	−0.025%	$55.1M	$116.0M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	806.70	+0.050%	$53K	$170K	10x	as long as short
Gate BNB_USDTlong	+0.0100%	8h	806.30	long leg	$36.1M	$57.6M	75x
KuCoin BNBUSDTM	+0.0100%	8h	806.39	+0.011%	$28.2M	$10.5M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	805.84	−0.057%	$78.8M	$25.0M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	807.43	+0.140%	$4.2M	$76.5M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	807.11	+0.100%	$162K	$441K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	806.22	−0.010%	$116K	$870K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	806.94	+0.079%	$390K	$592K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	807.23	+0.115%	$32K	$5K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	807.57	+0.157%	$13K	$1.7M	50x	as long as short
HTX BNB-USDT	+0.0100%	8h	806.92	+0.077%	$8.2M	$7.6M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	807.09	+0.098%	$79K	$19K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	805.91	−0.048%	$1.9M	$6.0M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	807.04	+0.092%	$388K	$40K	10x	as long as short
Aster BNBUSDT	+0.0107%	8h	806.92	+0.077%	$6.4M	$18.8M	200x	as long as short
MEXC BNB_USDT	+0.0121%	8h	807.30	+0.124%	$84.8M	$13.4M	200x	as long as short
Binance BNBUSDT	+0.0122%	8h	806.90	+0.074%	$520.9M	$803.4M	75x	as long as short
Phemex BNBUSDT	+0.0132%	8h	807.53	+0.153%	$70.5M	$51.7M	50x	as long as short
Phoenix BNB	+0.0155%	1h	807.20	+0.112%	$173K	$35K	10x	as long as short
SoDEX BNB-USD	+0.0188%	1h	807.00	+0.087%	$397K	$1.0M	10x	as long as short
dYdX BNB-USD	+0.0195%	1h	806.57	+0.034%	$163K	$63K	10x	as long as short
Kraken Futures PF_BNBUSD	+0.0205%	1h	806.94	+0.080%	$2.5M	$929K	50x	as long as short
Hyperliquid BNB	+0.0214%	1h	807.20	+0.112%	$52.0M	$21.8M	10x	as long as short
BloFin BNB-USDT	+0.0241%	8h	807.24	+0.117%	$18.8M	$2.6M	75x	as long as short
Bulk BNB-USD	+0.0295%	1h	807.66	+0.169%	$652K	$14K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	807.45	+0.143%	$1.6M	$165K	25x	as long as short
Injective BNB/USDC PERP	+0.0311%	1h	805.09	−0.150%	$19K	$789K	30x	as long as short
RISEx BNB/USDC	+0.0318%	1h	806.58	+0.035%	$1.1M	$1.4M	20x	as long as short
Reya BNBRUSDPERP	+0.0333%	1h	805.94	−0.044%	$6K	$3K	40x	as long as short
01 Exchange BNBUSD	+0.0360%	1h	807.09	+0.098%	$29K	$1K	10x	as long as short
Backpack BNB_USDC_PERP	+0.0704%	1h	807.97	+0.207%	$3.0M	$5.5M	40x	as long as short