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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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Funding you earn now, next payment 23:00 UTC+0.0201%/8h= +22.0% APRpaid last 24h +0.126%
Price spread now: dYdX against GRVT−0.024%7-day average −0.105% · you buy dearer than you sell
Net, funding: paid 7d − costs−$12as in the Funding arb table
Net, price: spread back to 7d avg − costs−$47as in the Price arb table
costs, in and out, $10k−$560.555% of the position
Long on GRVTShort on dYdX
What this pair did over the last
the charts below follow
Funding, last 7 days+0.433%+$43 on $10k
Price spread, last 4 days (all we have)−0.044%−$4 · spread now −0.024%, 7d avg −0.105%
Together, before fees+0.389%+ Points / potential airdropGRVT: Active · farm board+$39 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and dYdX is 0.081% dearer against GRVT than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of −0.105%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGRVT BNB_USDT_Perp806.760get 0.0000% / 8h1h 37m$3.0M$29.1M10x
ShortdYdX BNB-USD806.570.0201get 0.0025% / 1h37m 00s$163K$63K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

dYdX against GRVT. 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
$42.19
Price spread: −0.024% → −0.105%
$8.13
Slippage, 4 orders
−$36.54
Fee GRVT: 4.5 bp × 2 orders
−$9
Fee dYdX: 5 bp × 2 orders
−$10
Net
−$5.22
Costs to cover
0.555%
Break-even
7.9 days
Slippage from GRVT: live order book, 2 min ago; dYdX: live order book, 47 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy GRVT live order book, 2 min ago0.06 bp4.6 bp −$56.9 bp −$6923.0 bp −$2,304doesn't fit
Sell dYdX live order book, 47 min ago12.51 bp19.7 bp −$20155.0 bp −$1,550267.1 bp −$26.7K529.2 bp −$264.6K

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]L −0.0201% / S +0.0372%1h805.95−0.101%$48K—200xas long as short
Hotstuff BNB-PERP−0.0080%1h806.63−0.016%$4K$1K25xas long as short
GRVT BNB_USDT_Perplong0.0000%8h806.76long leg$3.0M$29.1M10x
Kalshi KXBNBPERP0.0000%8h806.80+0.005%$106K$2.5M4.8xas long as short
StandX BNB-USD0.0000%1h806.55−0.026%$872K$2.8M30xas long as short
gTrade (Gains Network) BNB/USDL +0.0008% / S −0.0007%1h805.90−0.107%$9.8M—150xas long as short
Variational Omni BNB+0.0044%8h806.56−0.025%$4.1M$5.3M—as long as short
BingX BNB-USDT+0.0058%8h806.16−0.075%—$34.5M—as long as short
Bybit BNBUSDT+0.0083%8h805.70−0.132%$139.6M$81.1M75xas long as short
Lighter BNB+0.0096%1h806.29−0.059%$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%1h805.54−0.151%$608K$881K50xas long as short
Nado BNB-PERP+0.0100%1h805.85−0.113%$1.5M$2.7M20xas long as short
Pacifica BNB+0.0100%1h806.35−0.051%$1.2M$923K20xas long as short
OKX BNB-USDT-SWAP+0.0100%8h805.80−0.119%$55.1M$116.0M50xas long as short
Arcus BNB-USD+0.0100%1h806.60−0.020%$53K$170K10xas long as short
Gate BNB_USDT+0.0100%8h805.95−0.101%$36.1M$57.6M75xas long as short
KuCoin BNBUSDTM+0.0100%8h805.75−0.125%$28.2M$10.5M75xas long as short
Bitget BNBUSDT+0.0100%8h805.43−0.165%$78.7M$25.0M75xas long as short
edgeX BNBUSDC+0.0100%4h807.06+0.037%$4.2M$76.6M30xas long as short
ApeX Omni BNBUSDT+0.0100%1h806.65−0.014%$162K$440K50xas long as short
Polymarket Perps BNB-USD+0.0100%1h805.73−0.128%$116K$869K10xas long as short
Orderly PERP_BNB_USDC+0.0100%8h805.93−0.103%$389K$592K50xas long as short
Derive BNB-PERP+0.0100%1h806.13−0.079%$32K$5K10xas long as short
SunX BNB-USDT+0.0100%8h806.51−0.031%$13K$1.7M50xas long as short
HTX BNB-USDT+0.0100%8h806.07−0.086%$8.2M$7.7M75xas long as short
Paradex BNB-USD-PERP+0.0100%8h806.77+0.002%$79K$19K50xas long as short
Extended BNB-USD+0.0104%1h805.57−0.148%$1.9M$6.0M50xas long as short
Hibachi BNB/USDT-P+0.0104%1h806.80+0.004%$71K$48K12xas long as short
Aevo BNB-PERP+0.0104%1h806.07−0.086%$387K$40K10xas long as short
Aster BNBUSDT+0.0107%8h806.67−0.011%$6.4M$18.8M200xas long as short
MEXC BNB_USDT+0.0122%8h807.00+0.030%$84.7M$13.4M200xas long as short
Binance BNBUSDT+0.0123%8h806.62−0.018%$520.8M$804.1M75xas long as short
Phemex BNBUSDT+0.0135%8h806.53−0.029%$70.4M$51.8M50xas long as short
Phoenix BNB+0.0155%1h807.20+0.054%$173K$35K10xas long as short
SoDEX BNB-USD+0.0180%1h806.10−0.082%$397K$1.0M10xas long as short
dYdX BNB-USDshort+0.0201%1h806.57−0.024%$163K$63K10x
Kraken Futures PF_BNBUSD+0.0205%1h805.91−0.105%$2.5M$930K50xas long as short
Hyperliquid BNB+0.0235%1h806.96+0.025%$52.2M$21.9M10xas long as short
BloFin BNB-USDT+0.0243%8h806.57−0.024%$18.8M$2.6M75xas long as short
Bulk BNB-USD+0.0295%1h807.66+0.111%$652K$14K10xas long as short
Deribit BNB_USDC-PERPETUAL+0.0300%1h806.39−0.047%$1.6M$165K25xas long as short
Injective BNB/USDC PERP+0.0311%1h805.09−0.207%$19K$789K30xas long as short
RISEx BNB/USDC+0.0318%1h806.35−0.051%$1.1M$1.4M20xas long as short
Reya BNBRUSDPERP+0.0333%1h805.52−0.154%$6K$3K40xas long as short
01 Exchange BNBUSD+0.0352%1h806.85+0.011%$29K$1K10xas long as short
Backpack BNB_USDC_PERP+0.0691%1h807.09+0.041%$3.0M$5.5M40xas long as short