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Funding arb · Price arb /

BNB

all BNB markets
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Alert: funding
Measured
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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.

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 23:00 UTC+0.0326%/8h= +35.7% APRnext payment +$0.41 per $10,000 · paid last 24h +0.079%
Price spread now: SoDEX against GMX−0.027%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 SoDEX
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. SoDEX is 0.027% cheaper against GMX than usual: you would sell low and buy high (spread −0.027% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 7 hours of funding at the current rate (+$10 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGMX BNB/USD [WBTC.b-USDC]801.11L −0.0201% / S +0.0372%get 0.0025% / 1h28m 07s$48K—200x
ShortSoDEX BNB-USD800.900.0125get 0.0016% / 1h28m 07s$394K$1.0M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SoDEX 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
$68.51
Price spread: −0.027% → 0.000%
−$2.67
Slippage, 4 orders
no order book: not counted
Fee GMX: 6 bp × 2 orders
−$12
Fee SoDEX: 4 bp × 2 orders
−$8
Net
$45.84
Costs to cover
0.200%
Break-even
2.3 days
Slippage unknown: GMX: no order-book sample; SoDEX: live order book, 1 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 SoDEX live order book, 1 min ago0.62 bp4.6 bp −$58.8 bp −$8878.6 bp −$7,864doesn'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%1h801.11long leg$48K—200x
Hotstuff BNB-PERP−0.0080%1h802.26+0.143%$4K$1K25xas long as short
GRVT BNB_USDT_Perp0.0000%8h801.73+0.077%$3.0M$29.5M10xas long as short
Kalshi KXBNBPERP0.0000%8h802.10+0.123%$158K$2.8M4.8xas long as short
StandX BNB-USD0.0000%1h802.32+0.151%$867K$2.8M30xas long as short
gTrade (Gains Network) BNB/USDL +0.0008% / S −0.0007%1h801.17+0.007%$9.7M—150xas long as short
Variational Omni BNB+0.0040%8h800.85−0.033%$4.1M$5.3M—as long as short
BingX BNB-USDC+0.0067%8h800.90−0.027%—$13.3M—as long as short
Bybit BNBUSDT+0.0081%8h800.07−0.130%$139.4M$83.1M75xas long as short
Lighter BNB+0.0096%1h801.12+0.001%$2.8M$4.2M20xas long as short
Show all 46 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Coinbase International BNB-PERP-INTX+0.0096%1h801.17+0.007%$610K$1.0M50xas long as short
Aster BNBUSDT+0.0100%8h801.48+0.045%$6.4M$19.3M200xas long as short
Nado BNB-PERP+0.0100%1h801.61+0.062%$1.4M$2.8M20xas long as short
Pacifica BNB+0.0100%1h801.96+0.106%$1.2M$926K20xas long as short
OKX BNB-USDT-SWAP+0.0100%8h800.40−0.089%$54.8M$117.3M50xas long as short
Arcus BNB-USD+0.0100%1h802.10+0.123%$53K$170K10xas long as short
Gate BNB_USDT+0.0100%8h800.55−0.070%$35.7M$58.3M75xas long as short
KuCoin BNBUSDTM+0.0100%8h800.85−0.033%$28.0M$10.6M75xas long as short
Bitget BNBUSDT+0.0100%8h800.40−0.089%$80.9M$26.9M75xas long as short
edgeX BNBUSDC+0.0100%4h802.78+0.208%$4.2M$77.4M30xas long as short
ApeX Omni BNBUSDT+0.0100%1h802.46+0.168%$161K$441K50xas long as short
Polymarket Perps BNB-USD+0.0100%1h801.60+0.061%$121K$880K10xas long as short
Orderly PERP_BNB_USDC+0.0100%8h800.94−0.022%$387K$592K50xas long as short
Derive BNB-PERP+0.0100%1h801.15+0.005%$32K$5K10xas long as short
SunX BNB-USDT+0.0100%8h801.61+0.061%$12K$1.7M50xas long as short
Deribit BNB_USDC-PERPETUAL+0.0100%1h801.25+0.017%$1.6M$165K25xas long as short
HTX BNB-USDT+0.0100%8h800.97−0.018%$8.2M$7.9M75xas long as short
Paradex BNB-USD-PERP+0.0100%8h802.40+0.160%$78K$19K50xas long as short
Extended BNB-USD+0.0104%1h800.58−0.067%$1.8M$6.1M50xas long as short
Aevo BNB-PERP+0.0104%1h801.31+0.024%$385K$40K10xas long as short
MEXC BNB_USDT+0.0118%8h801.80+0.086%$83.4M$13.8M200xas long as short
Binance BNBUSDT+0.0119%8h801.09−0.003%$503.6M$829.7M75xas long as short
SoDEX BNB-USDshort+0.0125%1h800.90−0.027%$394K$1.0M10x
Phemex BNBUSDT+0.0126%8h801.34+0.028%$70.0M$51.7M50xas long as short
Phoenix BNB+0.0155%1h801.68+0.071%$172K$35K10xas long as short
Hibachi BNB/USDT-P+0.0160%1h801.59+0.059%$71K$48K12xas long as short
dYdX BNB-USD+0.0183%1h801.39+0.035%$162K$62K10xas long as short
Kraken Futures PF_BNBUSD+0.0207%1h800.77−0.042%$2.6M$984K50xas long as short
BloFin BNB-USDT+0.0239%8h802.15+0.129%$18.5M$2.6M75xas long as short
Hyperliquid BNB+0.0280%1h801.51+0.049%$51.8M$22.3M10xas long as short
Injective BNB/USDC PERP+0.0311%1h805.09+0.496%$19K$789K30xas long as short
RISEx BNB/USDC+0.0318%1h802.04+0.116%$1.1M$1.4M20xas long as short
Reya BNBRUSDPERP+0.0333%1h801.04−0.010%$6K$3K40xas long as short
01 Exchange BNBUSD+0.0336%1h802.55+0.179%$28K$1K10xas long as short
Bulk BNB-USD+0.0354%1h801.59+0.059%$651K$21K10xas long as short
Backpack BNB_USDC_PERP+0.0665%1h801.53+0.052%$2.7M$5.6M40xas long as short