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Funding arb · Price arb /

BNB

all BNB markets
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Alert: funding
Measured
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Alert: spread
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding you earn now, next payment 22:00 UTC+0.0295%/8h= +32.3% APRpaid last 24h +0.071%
Price spread now: Bitget against GMX−0.087%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Long on GMXShort on Bitget
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
Funding pays, the price is against you. Bitget is 0.087% cheaper against GMX than usual: you would sell low and buy high (spread −0.087% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$9 on $10k: about 24 hours of funding at the current rate (+$9 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGMX BNB/USD [WBTC.b-USDC]802.80L −0.0195% / S +0.0371%get 0.0024% / 1h39m 35s$48K—200x
ShortBitget BNBUSDT802.100.0100get 0.0100% / 8h2h 39m$78.9M$24.4M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget 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
$61.89
Price spread: −0.087% → 0.000%
−$8.72
Slippage, 4 orders
no order book: not counted
Fee GMX: 6 bp × 2 orders
−$12
Fee Bitget: 6 bp × 2 orders
−$12
Net
$29.17
Costs to cover
0.240%
Break-even
3.7 days
Slippage unknown: GMX: no order-book sample; Bitget: live order book, 4 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 Bitget live order book, 4 min ago0.06 bp7.7 bp −$89.0 bp −$9021.0 bp −$2,101doesn'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 −0.0195% / S +0.0371%1h802.80long leg$48K—200x
Hotstuff BNB-PERP−0.0080%1h803.25+0.056%$4K$1K25xas long as short
GRVT BNB_USDT_Perp0.0000%8h803.09+0.036%$3.0M$30.0M10xas long as short
Kalshi KXBNBPERP0.0000%8h803.40+0.075%$122K$2.5M4.8xas long as short
StandX BNB-USD0.0000%1h803.66+0.107%$868K$3.0M30xas long as short
gTrade (Gains Network) BNB/USDL +0.0008% / S −0.0007%1h802.83+0.003%$9.8M—150xas long as short
Kraken Futures PF_BNBUSD+0.0038%1h802.99+0.023%$2.5M$910K50xas long as short
Variational Omni BNB+0.0055%8h802.35−0.056%$4.0M$5.4M—as long as short
BingX BNB-USDC+0.0062%8h802.59−0.026%—$13.3M—as long as short
Bybit BNBUSDT+0.0081%8h801.82−0.122%$138.6M$82.6M75xas long as short
Show all 46 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster BNBUSDT+0.0087%8h802.95+0.019%$6.4M$18.8M200xas long as short
Coinbase International BNB-PERP-INTX+0.0088%1h803.99+0.148%$608K$880K50xas long as short
Lighter BNB+0.0096%1h802.78−0.003%$2.8M$4.2M20xas long as short
Nado BNB-PERP+0.0100%1h802.52−0.035%$1.4M$2.8M20xas long as short
Pacifica BNB+0.0100%1h802.58−0.028%$1.2M$923K20xas long as short
OKX BNB-USDT-SWAP+0.0100%8h802.20−0.075%$55.1M$115.2M50xas long as short
Arcus BNB-USD+0.0100%1h802.60−0.025%$52K$161K10xas long as short
Gate BNB_USDT+0.0100%8h802.05−0.093%$35.9M$58.4M75xas long as short
KuCoin BNBUSDTM+0.0100%8h802.38−0.052%$28.1M$10.5M75xas long as short
Bitget BNBUSDTshort+0.0100%8h802.10−0.087%$78.9M$24.4M75x
edgeX BNBUSDC+0.0100%4h803.30+0.062%$4.2M$77.0M30xas long as short
ApeX Omni BNBUSDT+0.0100%1h803.22+0.052%$158K$437K50xas long as short
Polymarket Perps BNB-USD+0.0100%1h802.68−0.015%$118K$868K10xas long as short
Orderly PERP_BNB_USDC+0.0100%8h802.87+0.009%$388K$593K50xas long as short
Derive BNB-PERP+0.0100%1h802.99+0.024%$32K$5K10xas long as short
SunX BNB-USDT+0.0100%8h803.47+0.084%$13K$1.7M50xas long as short
Deribit BNB_USDC-PERPETUAL+0.0100%1h803.33+0.066%$1.6M$165K25xas long as short
HTX BNB-USDT+0.0100%8h802.91+0.014%$8.2M$7.4M75xas long as short
Paradex BNB-USD-PERP+0.0100%8h802.94+0.017%$78K$19K50xas long as short
MEXC BNB_USDT+0.0103%8h803.20+0.050%$84.4M$13.6M200xas long as short
Binance BNBUSDT+0.0103%8h802.86+0.008%$517.8M$803.3M75xas long as short
Extended BNB-USD+0.0104%1h801.81−0.123%$1.9M$6.1M50xas long as short
Aevo BNB-PERP+0.0104%1h803.08+0.035%$386K$40K10xas long as short
SoDEX BNB-USD+0.0119%1h802.90+0.012%$395K$1.0M10xas long as short
Phemex BNBUSDT+0.0119%8h803.49+0.086%$70.1M$51.7M50xas long as short
Phoenix BNB+0.0125%1h803.50+0.087%$173K$35K10xas long as short
Hyperliquid BNB+0.0151%1h803.22+0.052%$51.6M$21.3M10xas long as short
Bulk BNB-USD+0.0194%1h803.61+0.101%$649K$11K10xas long as short
RISEx BNB/USDC+0.0209%1h802.55−0.031%$1.1M$1.4M20xas long as short
BloFin BNB-USDT+0.0224%8h803.58+0.097%$18.8M$3.0M75xas long as short
Hibachi BNB/USDT-P+0.0248%1h803.38+0.072%$71K$49K12xas long as short
dYdX BNB-USD+0.0254%1h803.00+0.025%$170K$55K10xas long as short
01 Exchange BNBUSD+0.0312%1h802.92+0.015%$28K$1K10xas long as short
Reya BNBRUSDPERP+0.0334%1h802.61−0.023%$6K$3K40xas long as short
Injective BNB/USDC PERP+0.0353%1h804.92+0.264%$19K$526K30xas long as short
Backpack BNB_USDC_PERP+0.0682%1h803.83+0.128%$3.0M$5.3M40xas long as short