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

BNB

all BNB markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC+0.0295%/8h= +32.3% APRpaid last 24h +0.071%
Price spread now: edgeX against GMX+0.092%50s7-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 fees+ Points / potential airdropedgeX: Active · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and edgeX is 0.092% dearer against GMX than usual: you sell high and buy low: +$9 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 50 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]803.75L −0.0195% / S +0.0371%get 0.0024% / 1h31m 28s$48K200x
ShortedgeX BNBUSDC804.490.0100get 0.0050% / 4h2h 31m$4.2M$76.9M30x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

edgeX 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: +0.092% → 0.000%
$9.23
Slippage, 4 orders
no order book: not counted
Fee GMX: 6 bp × 2 orders
−$12
Fee edgeX: 4.5 bp × 2 orders
−$9
Net
$50.12
Costs to cover
0.210%
Break-even
1.3 days
Slippage unknown: GMX: no order-book sample; edgeX: live order book, 3 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 edgeX live order book, 3 min ago2.49 bp7.0 bp −$77.0 bp −$7010.1 bp −$1,014doesn'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%1h803.75long leg$48K200x
Hotstuff BNB-PERP−0.0080%1h804.19+0.055%$4K$1K25xas long as short
GRVT BNB_USDT_Perp0.0000%8h803.90+0.018%$3.0M$29.3M10xas long as short
Kalshi KXBNBPERP0.0000%8h804.50+0.093%$112K$2.5M4.8xas long as short
StandX BNB-USD0.0000%1h803.92+0.021%$869K$2.9M30xas long as short
gTrade (Gains Network) BNB/USDL +0.0008% / S −0.0007%1h803.81+0.007%$9.8M150xas long as short
Kraken Futures PF_BNBUSD+0.0038%1h803.94+0.024%$2.5M$908K50xas long as short
Variational Omni BNB+0.0051%8h802.62−0.141%$4.0M$5.3Mas long as short
BingX BNB-USDT+0.0054%8h803.80+0.006%$34.5Mas long as short
Bybit BNBUSDT+0.0075%8h803.72−0.004%$139.4M$82.9M75xas long as short
Show all 46 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Coinbase International BNB-PERP-INTX+0.0088%1h804.19+0.055%$609K$878K50xas long as short
Aster BNBUSDT+0.0089%8h804.44+0.086%$6.4M$18.8M200xas long as short
Lighter BNB+0.0096%1h803.99+0.030%$2.8M$4.2M20xas long as short
Nado BNB-PERP+0.0100%1h803.49−0.032%$1.4M$2.8M20xas long as short
Pacifica BNB+0.0100%1h804.04+0.036%$1.2M$923K20xas long as short
OKX BNB-USDT-SWAP+0.0100%8h804.00+0.031%$55.1M$115.5M50xas long as short
Arcus BNB-USD+0.0100%1h804.10+0.043%$53K$165K10xas long as short
Gate BNB_USDT+0.0100%8h803.65−0.013%$35.9M$58.5M75xas long as short
KuCoin BNBUSDTM+0.0100%8h803.59−0.020%$28.1M$10.5M75xas long as short
Bitget BNBUSDT+0.0100%8h803.85+0.012%$79.1M$24.5M75xas long as short
edgeX BNBUSDCshort+0.0100%4h804.49+0.092%$4.2M$76.9M30x
ApeX Omni BNBUSDT+0.0100%1h804.32+0.071%$159K$439K50xas long as short
Polymarket Perps BNB-USD+0.0100%1h804.09+0.042%$118K$868K10xas long as short
Orderly PERP_BNB_USDC+0.0100%8h803.85+0.012%$388K$593K50xas long as short
Derive BNB-PERP+0.0100%1h803.97+0.027%$32K$5K10xas long as short
SunX BNB-USDT+0.0100%8h804.51+0.094%$13K$1.7M50xas long as short
HTX BNB-USDT+0.0100%8h803.84+0.011%$8.2M$7.4M75xas long as short
Paradex BNB-USD-PERP+0.0100%8h804.48+0.091%$79K$19K50xas long as short
Extended BNB-USD+0.0104%1h803.40−0.043%$1.9M$6.1M50xas long as short
Aevo BNB-PERP+0.0104%1h804.01+0.032%$386K$40K10xas long as short
MEXC BNB_USDT+0.0105%8h804.80+0.130%$84.4M$13.6M200xas long as short
Binance BNBUSDT+0.0106%8h804.89+0.141%$519.3M$803.0M75xas long as short
Phemex BNBUSDT+0.0124%8h804.34+0.073%$70.2M$51.7M50xas long as short
Phoenix BNB+0.0125%1h803.93+0.022%$173K$35K10xas long as short
Hyperliquid BNB+0.0156%1h804.41+0.082%$51.7M$21.3M10xas long as short
SoDEX BNB-USD+0.0160%1h803.80+0.006%$395K$1.0M10xas long as short
Bulk BNB-USD+0.0197%1h804.34+0.073%$650K$11K10xas long as short
Deribit BNB_USDC-PERPETUAL+0.0200%1h804.31+0.070%$1.6M$165K25xas long as short
RISEx BNB/USDC+0.0209%1h804.10+0.044%$1.1M$1.4M20xas long as short
BloFin BNB-USDT+0.0225%8h804.46+0.088%$18.8M$3.1M75xas long as short
Hibachi BNB/USDT-P+0.0248%1h804.02+0.034%$71K$48K12xas long as short
dYdX BNB-USD+0.0276%1h804.28+0.066%$170K$55K10xas long as short
01 Exchange BNBUSD+0.0328%1h804.69+0.117%$28K$1K10xas long as short
Reya BNBRUSDPERP+0.0334%1h803.83+0.010%$6K$3K40xas long as short
Injective BNB/USDC PERP+0.0353%1h804.92+0.145%$19K$526K30xas long as short
Backpack BNB_USDC_PERP+0.0663%1h804.69+0.117%$3.0M$5.4M40xas long as short