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

BNB

all BNB markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC−0.0919%/8h= −100.6% APRnext payment $1.15 per $10,000 · paid last 24h −0.193%
Price spread now: GMX against Hibachi+0.002%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: −$28 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHibachi BNB/USDT-P791.610.0584pay 0.0073% / 1h10m 45s$68K$38K12x
ShortGMX BNB/USD [WBTC.b-USDC]791.63L −0.0167% / S +0.0335%pay 0.0042% / 1h10m 45s$46K200x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

GMX against Hibachi. 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
−$192.89
Price spread: +0.002% → 0.000%
$0.23
Slippage, 4 orders
no order book: not counted
Fee Hibachi: 4.5 bp × 2 orders
−$9
Fee GMX: 6 bp × 2 orders
−$12
Net
−$213.66
Costs to cover
0.210%
Break-even
never at this rate
Slippage unknown: Hibachi: no order-book sample; GMX: 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 Hibachi no order-book sample
Sell GMX no order-book sample
Hibachi and 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]shortL −0.0167% / S +0.0335%1h791.63+0.002%$46K200x
Hotstuff BNB-PERP−0.0080%1h791.68+0.009%$4K$23925xas long as short
StandX BNB-USD0.0000%1h791.83+0.028%$856K$3.1M30xas long as short
gTrade (Gains Network) BNB/USDL +0.0008% / S −0.0007%1h791.70+0.011%$9.7M150xas long as short
Injective BNB/USDC PERP+0.0033%1h805.09+1.703%$19K$789K30xas long as short
Coinbase International BNB-PERP-INTX+0.0048%1h792.03+0.053%$615K$1.8M50xas long as short
Phemex BNBUSDT+0.0048%8h792.43+0.103%$69.4M$50.5M50xas long as short
Aster BNBUSDT+0.0051%8h792.69+0.137%$6.2M$18.6M200xas long as short
BingX BNB-USDC+0.0060%8h791.70+0.011%$13.4Mas long as short
MEXC BNB_USDT+0.0072%8h793.00+0.175%$80.6M$12.5M200xas long as short
Show all 46 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance BNBUSDT+0.0072%8h792.68+0.135%$495.2M$790.3M75xas long as short
Kraken Futures PF_BNBUSD+0.0091%1h791.71+0.013%$2.5M$1.2M50xas long as short
Lighter BNB+0.0096%1h792.33+0.091%$2.8M$3.9M20xas long as short
Orderly PERP_BNB_USDC+0.0100%8h791.90+0.036%$266K$498K50xas long as short
Nado BNB-PERP+0.0100%1h791.25−0.046%$1.4M$2.6M20xas long as short
Hyperliquid BNB+0.0100%1h792.65+0.131%$52.0M$17.7M10xas long as short
Pacifica BNB+0.0100%1h792.36+0.095%$1.2M$908K20xas long as short
Bybit BNBUSDT+0.0100%8h791.99+0.048%$139.4M$76.5M75xas long as short
OKX BNB-USDT-SWAP+0.0100%8h791.90+0.036%$53.8M$111.6M50xas long as short
Arcus BNB-USD+0.0100%1h792.20+0.074%$52K$130K10xas long as short
Gate BNB_USDT+0.0100%8h792.10+0.062%$35.5M$57.3M75xas long as short
KuCoin BNBUSDTM+0.0100%8h791.96+0.044%$27.8M$10.3M75xas long as short
Bitget BNBUSDT+0.0100%8h791.79+0.023%$77.1M$29.8M75xas long as short
Backpack BNB_USDC_PERP+0.0100%1h792.32+0.089%$2.2M$6.1M40xas long as short
Variational Omni BNB+0.0100%8h791.10−0.065%$4.1M$4.6Mas long as short
edgeX BNBUSDC+0.0100%4h791.77+0.020%$4.1M$74.5M30xas long as short
ApeX Omni BNBUSDT+0.0100%1h791.88+0.034%$159K$441K50xas long as short
Polymarket Perps BNB-USD+0.0100%1h791.44−0.022%$134K$949K10xas long as short
Derive BNB-PERP+0.0100%1h792.07+0.058%$32K$12K10xas long as short
SunX BNB-USDT+0.0100%8h792.20+0.074%$12K$1.5M50xas long as short
SoDEX BNB-USD+0.0100%1h792.00+0.049%$389K$1.0M10xas long as short
HTX BNB-USDT+0.0100%8h791.78+0.022%$8.1M$9.2M75xas long as short
Paradex BNB-USD-PERP+0.0102%8h792.70+0.138%$77K$17K50xas long as short
Extended BNB-USD+0.0104%1h791.75+0.017%$1.8M$5.9M50xas long as short
Aevo BNB-PERP+0.0104%1h791.89+0.035%$380K$110K10xas long as short
Phoenix BNB+0.0107%1h791.53−0.010%$170K$35K10xas long as short
GRVT BNB_USDT_Perp+0.0143%8h791.96+0.044%$2.9M$28.0M10xas long as short
Kalshi KXBNBPERP+0.0186%8h792.20+0.074%$82K$2.7M4.8xas long as short
BloFin BNB-USDT+0.0192%8h792.33+0.091%$18.2M$2.2M75xas long as short
dYdX BNB-USD+0.0195%1h791.84+0.029%$160K$63K10xas long as short
01 Exchange BNBUSD+0.0288%1h792.14+0.067%$28K$4K10xas long as short
Deribit BNB_USDC-PERPETUAL+0.0300%1h792.38+0.097%$1.5M$143K25xas long as short
Reya BNBRUSDPERP+0.0327%1h791.29−0.040%$6K$3K40xas long as short
RISEx BNB/USDC+0.0361%1h791.89+0.036%$1.1M$982K20xas long as short
Bulk BNB-USD+0.0366%1h792.18+0.072%$641K$9K10xas long as short
Hibachi BNB/USDT-Plong+0.0584%1h791.61long leg$68K$38K12x