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+0.0301%/8h= +33.0% APRnext payment +$0.38 per $10,000 · paid last 24h +0.071%
Price spread now: ApeX Omni against GMX+0.025%68s7-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 feesneeds both histories
Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and ApeX Omni is 0.025% dearer against GMX than usual: you sell high and buy low: +$3 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 68 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGMX BNB/USD [WBTC.b-USDC]799.01L −0.0201% / S +0.0372%get 0.0025% / 1h1m 38s$47K200x
ShortApeX Omni BNBUSDT799.210.0100get 0.0013% / 1h1m 38s$161K$437K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against GMX. 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
$63.28
Price spread: +0.025% → 0.000%
$2.52
Slippage, 4 orders
no order book: not counted
Fee GMX: 6 bp × 2 orders
−$12
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
$43.8
Costs to cover
0.220%
Break-even
2.2 days
Slippage unknown: GMX: no order-book sample; ApeX Omni: live order book, 11 min ago. 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 GMX no order-book sample
Sell ApeX Omni live order book, 11 min ago2.06 bp18.0 bp −$1839.1 bp −$391doesn't fitdoesn't fit
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]longL −0.0201% / S +0.0372%1h799.01long leg$47K200x
Hotstuff BNB-PERP−0.0080%1h799.26+0.031%$4K$1K25xas long as short
Kraken Futures PF_BNBUSD−0.0074%1h799.00−0.002%$2.5M$975K50xas long as short
GRVT BNB_USDT_Perp0.0000%8h798.72−0.036%$3.0M$27.7M10xas long as short
StandX BNB-USD0.0000%1h800.01+0.125%$865K$2.9M30xas long as short
Variational Omni BNB+0.0007%8h797.54−0.184%$4.1M$5.4Mas long as short
gTrade (Gains Network) BNB/USDL +0.0008% / S −0.0007%1h799.00−0.002%$9.7M150xas long as short
BingX BNB-USDT+0.0030%8h799.40+0.049%$35.2Mas long as short
Bybit BNBUSDT+0.0040%8h799.20+0.024%$138.8M$77.0M75xas long as short
Coinbase International BNB-PERP-INTX+0.0072%1h798.68−0.041%$602K$986K50xas long as short
Show all 46 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster BNBUSDT+0.0077%8h799.87+0.108%$6.2M$19.2M200xas long as short
Phemex BNBUSDT+0.0093%8h799.47+0.058%$69.9M$50.7M50xas long as short
Lighter BNB+0.0096%1h799.56+0.069%$2.8M$4.1M20xas long as short
Binance BNBUSDT+0.0097%8h799.84+0.104%$497.9M$818.6M75xas long as short
MEXC BNB_USDT+0.0098%8h800.20+0.149%$83.2M$13.6M200xas long as short
Nado BNB-PERP+0.0100%1h798.72−0.036%$1.4M$2.7M20xas long as short
Pacifica BNB+0.0100%1h799.51+0.063%$1.2M$925K20xas long as short
OKX BNB-USDT-SWAP+0.0100%8h799.10+0.011%$54.4M$112.8M50xas long as short
Arcus BNB-USD+0.0100%1h799.40+0.049%$53K$133K10xas long as short
Gate BNB_USDT+0.0100%8h799.00−0.001%$35.7M$58.8M75xas long as short
KuCoin BNBUSDTM+0.0100%8h799.28+0.034%$28.0M$10.2M75xas long as short
Bitget BNBUSDT+0.0100%8h799.12+0.014%$78.9M$27.6M75xas long as short
edgeX BNBUSDC+0.0100%4h798.64−0.046%$4.1M$76.3M30xas long as short
ApeX Omni BNBUSDTshort+0.0100%1h799.21+0.025%$161K$437K50x
Polymarket Perps BNB-USD+0.0100%1h798.92−0.011%$116K$872K10xas long as short
Orderly PERP_BNB_USDC+0.0100%8h798.90−0.014%$386K$494K50xas long as short
Derive BNB-PERP+0.0100%1h799.06+0.006%$32K$5K10xas long as short
SunX BNB-USDT+0.0100%8h799.51+0.063%$13K$1.7M50xas long as short
SoDEX BNB-USD+0.0100%1h799.20+0.024%$393K$1.0M10xas long as short
Deribit BNB_USDC-PERPETUAL+0.0100%1h799.37+0.045%$1.6M$165K25xas long as short
HTX BNB-USDT+0.0100%8h799.24+0.028%$8.2M$8.1M75xas long as short
Paradex BNB-USD-PERP+0.0100%8h799.92+0.115%$78K$19K50xas long as short
Extended BNB-USD+0.0104%1h798.99−0.002%$1.8M$6.6M50xas long as short
Aevo BNB-PERP+0.0104%1h799.05+0.005%$384K$40K10xas long as short
Phoenix BNB+0.0127%1h798.37−0.080%$172K$36K10xas long as short
Hibachi BNB/USDT-P+0.0152%1h799.44+0.054%$70K$43K12xas long as short
Kalshi KXBNBPERP+0.0153%8h799.50+0.061%$90K$2.9M4.8xas long as short
Bulk BNB-USD+0.0191%1h798.83−0.023%$649K$17K10xas long as short
BloFin BNB-USDT+0.0219%8h799.70+0.086%$18.1M$2.5M75xas long as short
Hyperliquid BNB+0.0248%1h800.15+0.143%$52.5M$20.8M10xas long as short
RISEx BNB/USDC+0.0258%1h799.34+0.041%$1.1M$1.4M20xas long as short
01 Exchange BNBUSD+0.0264%1h799.52+0.064%$28K$1K10xas long as short
Injective BNB/USDC PERP+0.0306%1h805.09+0.761%$19K$789K30xas long as short
Backpack BNB_USDC_PERP+0.0321%1h799.74+0.091%$2.7M$5.7M40xas long as short
dYdX BNB-USD+0.0329%1h798.88−0.016%$161K$63K10xas long as short
Reya BNBRUSDPERP+0.0331%1h798.59−0.053%$6K$3K40xas long as short