Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0270%/8h= +29.5% APRpaid last 24h +0.068%

Price spread now: Paradex against GMX+0.050%7-day average — · you sell dearer than you buy

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

Long on GMX Short on Paradex

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—+ Points / potential airdropParadex: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and Paradex is 0.050% dearer against GMX than usual: you sell high and buy low: +$5 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX BNB/USD [WBTC.b-USDC]	788.75	L −0.0167% / S +0.0335%	get 0.0021% / 1h	36m 48s	$46K	—	200x
Short	Paradex BNB-USD-PERP	789.15	0.0103	get 0.0103% / 8h	5h 36m	$77K	$17K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex 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

Position, each leg$Hold fordaysFee GMXbpFee ParadexbpOrdersPrice spread, now +0.050%Rate

Funding earned: $56.64
Price spread: +0.050% → 0.000%: $5.04
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Paradex: 2 bp × 2 orders: −$4
Net: $45.68
Costs to cover: 0.160%
Break-even: 1.4 days

Slippage unknown: GMX: no order-book sample; Paradex: 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 GMX no order-book sample	—	—	—	—	—
Sell Paradex no order-book sample	—	—	—	—	—

GMX and Paradex: 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]long	L −0.0167% / S +0.0335%	1h	788.75	long leg	$46K	—	200x
Hotstuff BNB-PERP	−0.0080%	1h	788.57	−0.023%	$4K	$239	25x	as long as short
StandX BNB-USD	0.0000%	1h	789.05	+0.038%	$853K	$3.2M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	788.77	+0.002%	$9.6M	—	150x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.071%	$19K	$789K	30x	as long as short
Aster BNBUSDT	+0.0043%	8h	789.24	+0.062%	$6.3M	$18.7M	200x	as long as short
Coinbase International BNB-PERP-INTX	+0.0048%	1h	789.09	+0.043%	$618K	$1.8M	50x	as long as short
BingX BNB-USDC	+0.0057%	8h	788.72	−0.004%	—	$13.4M	—	as long as short
Phemex BNBUSDT	+0.0068%	8h	789.35	+0.076%	$69.1M	$51.0M	50x	as long as short
MEXC BNB_USDT	+0.0074%	8h	789.60	+0.108%	$80.3M	$12.4M	200x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance BNBUSDT	+0.0075%	8h	789.20	+0.057%	$493.4M	$805.1M	75x	as long as short
Variational Omni BNB	+0.0086%	8h	787.60	−0.146%	$4.1M	$4.6M	—	as long as short
Kraken Futures PF_BNBUSD	+0.0091%	1h	788.64	−0.014%	$2.5M	$1.2M	50x	as long as short
Lighter BNB	+0.0096%	1h	789.25	+0.063%	$2.8M	$3.9M	20x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	788.79	+0.005%	$265K	$497K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	788.80	+0.006%	$1.5M	$2.6M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	789.27	+0.066%	$51.7M	$18.1M	10x	as long as short
Pacifica BNB	+0.0100%	1h	788.55	−0.026%	$1.2M	$908K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	788.70	−0.006%	$138.7M	$77.4M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	788.80	+0.006%	$53.5M	$112.2M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	788.60	−0.019%	$52K	$130K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	788.55	−0.025%	$35.3M	$56.9M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	788.55	−0.025%	$27.7M	$10.3M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	788.52	−0.029%	$76.9M	$30.0M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	789.20	+0.057%	$2.2M	$6.1M	40x	as long as short
edgeX BNBUSDC	+0.0100%	4h	788.57	−0.023%	$4.1M	$76.5M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	789.03	+0.035%	$159K	$440K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	788.76	+0.001%	$135K	$948K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	789.03	+0.035%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	788.89	+0.017%	$12K	$1.6M	50x	as long as short
HTX BNB-USDT	+0.0100%	8h	789.04	+0.037%	$8.1M	$9.1M	75x	as long as short
Paradex BNB-USD-PERPshort	+0.0103%	8h	789.15	+0.050%	$77K	$17K	50x
Extended BNB-USD	+0.0104%	1h	788.29	−0.059%	$1.8M	$5.9M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	788.86	+0.014%	$379K	$110K	10x	as long as short
Phoenix BNB	+0.0107%	1h	788.63	−0.015%	$169K	$35K	10x	as long as short
GRVT BNB_USDT_Perp	+0.0136%	8h	789.15	+0.051%	$2.9M	$28.2M	10x	as long as short
SoDEX BNB-USD	+0.0141%	1h	788.80	+0.006%	$388K	$1.0M	10x	as long as short
Kalshi KXBNBPERP	+0.0187%	8h	788.90	+0.019%	$96K	$2.8M	4.8x	as long as short
BloFin BNB-USDT	+0.0195%	8h	789.53	+0.099%	$18.2M	$2.3M	75x	as long as short
dYdX BNB-USD	+0.0237%	1h	788.16	−0.075%	$159K	$63K	10x	as long as short
01 Exchange BNBUSD	+0.0304%	1h	789.04	+0.037%	$28K	$4K	10x	as long as short
Reya BNBRUSDPERP	+0.0328%	1h	788.60	−0.020%	$6K	$3K	40x	as long as short
RISEx BNB/USDC	+0.0361%	1h	788.79	+0.004%	$1.1M	$1.0M	20x	as long as short
Bulk BNB-USD	+0.0373%	1h	788.05	−0.088%	$638K	$13K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0400%	1h	789.24	+0.063%	$1.5M	$147K	25x	as long as short
Hibachi BNB/USDT-P	+0.0584%	1h	788.66	−0.012%	$67K	$38K	12x	as long as short