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+0.0451%/8h= +49.4% APRnext payment +$0.56 per $10,000 · paid last 24h +0.153%
Price spread now: Hibachi against GMX+0.015%7-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 airdropHibachi: Active · farm boardneeds 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.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGMX BNB/USD [WBTC.b-USDC]804.88L −0.0195% / S +0.0371%get 0.0024% / 1h10m 22s$49K200x
ShortHibachi BNB/USDT-P805.000.0256get 0.0032% / 1h10m 22s$71K$48K12x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hibachi 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
$94.65
Price spread: +0.015% → 0.000%
$1.52
Slippage, 4 orders
no order book: not counted
Fee GMX: 6 bp × 2 orders
−$12
Fee Hibachi: 4.5 bp × 2 orders
−$9
Net
$75.17
Costs to cover
0.210%
Break-even
1.4 days
Slippage unknown: GMX: no order-book sample; Hibachi: 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
LegHalf-spread$10k$100k$1M$5M
Buy GMX no order-book sample
Sell Hibachi no order-book sample
GMX and Hibachi: 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%1h804.88long leg$49K200x
Hotstuff BNB-PERP−0.0080%1h805.14+0.032%$4K$1K25xas long as short
GRVT BNB_USDT_Perp0.0000%8h805.48+0.074%$3.0M$29.5M10xas long as short
Kalshi KXBNBPERP0.0000%8h805.40+0.065%$114K$2.5M4.8xas long as short
StandX BNB-USD0.0000%1h804.97+0.011%$870K$2.8M30xas long as short
gTrade (Gains Network) BNB/USDL +0.0008% / S −0.0007%1h805.00+0.015%$9.8M150xas long as short
Kraken Futures PF_BNBUSD+0.0038%1h805.12+0.030%$2.5M$919K50xas long as short
Variational Omni BNB+0.0049%8h804.63−0.031%$4.1M$5.4Mas long as short
BingX BNB-USDT+0.0055%8h805.08+0.025%$34.5Mas long as short
Bybit BNBUSDT+0.0080%8h804.70−0.022%$139.6M$81.7M75xas long as short
Show all 46 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Coinbase International BNB-PERP-INTX+0.0088%1h805.15+0.033%$608K$881K50xas long as short
Lighter BNB+0.0096%1h805.47+0.073%$2.8M$4.2M20xas long as short
Aster BNBUSDT+0.0098%8h805.67+0.099%$6.4M$18.9M200xas long as short
Nado BNB-PERP+0.0100%1h804.90+0.002%$1.5M$2.8M20xas long as short
Pacifica BNB+0.0100%1h805.50+0.076%$1.2M$924K20xas long as short
OKX BNB-USDT-SWAP+0.0100%8h804.80−0.010%$55.2M$116.1M50xas long as short
Arcus BNB-USD+0.0100%1h805.40+0.065%$53K$170K10xas long as short
Gate BNB_USDT+0.0100%8h804.85−0.004%$36.1M$59.2M75xas long as short
KuCoin BNBUSDTM+0.0100%8h804.85−0.004%$28.2M$10.5M75xas long as short
Bitget BNBUSDT+0.0100%8h804.54−0.042%$79.0M$24.8M75xas long as short
edgeX BNBUSDC+0.0100%4h806.79+0.238%$4.2M$77.2M30xas long as short
ApeX Omni BNBUSDT+0.0100%1h806.36+0.184%$159K$437K50xas long as short
Polymarket Perps BNB-USD+0.0100%1h804.96+0.010%$116K$873K10xas long as short
Orderly PERP_BNB_USDC+0.0100%8h805.00+0.015%$389K$592K50xas long as short
Derive BNB-PERP+0.0100%1h804.99+0.013%$32K$5K10xas long as short
SunX BNB-USDT+0.0100%8h805.43+0.069%$13K$1.7M50xas long as short
Deribit BNB_USDC-PERPETUAL+0.0100%1h805.52+0.080%$1.6M$165K25xas long as short
HTX BNB-USDT+0.0100%8h804.95+0.009%$8.2M$7.5M75xas long as short
Paradex BNB-USD-PERP+0.0100%8h805.95+0.133%$79K$19K50xas long as short
Extended BNB-USD+0.0104%1h804.70−0.022%$1.9M$6.1M50xas long as short
Aevo BNB-PERP+0.0104%1h805.12+0.029%$387K$40K10xas long as short
MEXC BNB_USDT+0.0114%8h805.80+0.114%$84.6M$13.7M200xas long as short
Binance BNBUSDT+0.0115%8h805.65+0.095%$520.7M$806.1M75xas long as short
Phoenix BNB+0.0125%1h805.62+0.092%$173K$35K10xas long as short
Phemex BNBUSDT+0.0134%8h805.65+0.096%$70.3M$51.8M50xas long as short
SoDEX BNB-USD+0.0194%1h805.00+0.015%$396K$1.0M10xas long as short
RISEx BNB/USDC+0.0209%1h805.26+0.048%$1.1M$1.5M20xas long as short
Hyperliquid BNB+0.0211%1h805.54+0.082%$51.9M$22.0M10xas long as short
BloFin BNB-USDT+0.0234%8h805.45+0.071%$18.9M$3.1M75xas long as short
dYdX BNB-USD+0.0245%1h804.86−0.003%$170K$55K10xas long as short
Hibachi BNB/USDT-Pshort+0.0256%1h805.00+0.015%$71K$48K12x
Bulk BNB-USD+0.0258%1h805.37+0.061%$651K$14K10xas long as short
Reya BNBRUSDPERP+0.0334%1h804.70−0.023%$6K$3K40xas long as short
01 Exchange BNBUSD+0.0344%1h805.87+0.123%$29K$1K10xas long as short
Injective BNB/USDC PERP+0.0353%1h804.89+0.001%$19K$627K30xas long as short
Backpack BNB_USDC_PERP+0.0651%1h806.00+0.139%$3.0M$5.5M40xas long as short