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Funding arb · Price arb /

BNB

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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 00:00 UTC−0.0240%/8h= −26.3% APRpaid last 24h −0.103%
Price spread now: GRVT against Hibachi+0.033%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on HibachiShort on GRVT
What this pair did over the last
the charts below follow
Funding, last 7 days−0.453%−$45 on $10k
Price spread, last 7 days—no price history on both exchanges yet
Together, before fees—+ Points / potential airdropHibachi: Active · GRVT: Active · farm boardneeds both histories
The price spread pays, funding is against you. GRVT is 0.033% dearer against Hibachi than usual: you sell high and buy low (spread +0.033% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 11 hours.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHibachi BNB/USDT-P802.770.0240pay 0.0030% / 1h49m 27s$71K$49K12x
ShortGRVT BNB_USDT_Perp803.040get 0.0000% / 8h49m 27s$3.0M$28.1M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

GRVT 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
−$50.4
Price spread: +0.033% → 0.000%
$3.33
Slippage, 4 orders
no order book: not counted
Fee Hibachi: 4.5 bp × 2 orders
−$9
Fee GRVT: 4.5 bp × 2 orders
−$9
Net
−$65.07
Costs to cover
0.180%
Break-even
never at this rate
Slippage unknown: Hibachi: no order-book sample; GRVT: live order book, 5 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 Hibachi no order-book sample—————
Sell GRVT live order book, 5 min ago0.06 bp4.6 bp −$55.2 bp −$52doesn't fitdoesn't fit
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]L −0.0201% / S +0.0372%1h802.55−0.027%$48K—200xas long as short
Hotstuff BNB-PERP−0.0080%1h802.96+0.023%$4K$1K25xas long as short
Kraken Futures PF_BNBUSD−0.0074%1h802.44−0.042%$2.6M$969K50xas long as short
GRVT BNB_USDT_Perpshort0.0000%8h803.04+0.033%$3.0M$28.1M10x
StandX BNB-USD0.0000%1h803.66+0.111%$868K$2.9M30xas long as short
gTrade (Gains Network) BNB/USDL +0.0008% / S −0.0007%1h802.66−0.014%$9.8M—150xas long as short
Variational Omni BNB+0.0029%8h802.05−0.090%$4.2M$5.4M—as long as short
BingX BNB-USDC+0.0053%8h802.67−0.013%—$13.3M—as long as short
Bybit BNBUSDT+0.0064%8h801.87−0.112%$139.3M$78.6M75xas long as short
Coinbase International BNB-PERP-INTX+0.0072%1h800.72−0.256%$607K$996K50xas long as short
Show all 46 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter BNB+0.0096%1h802.87+0.012%$2.8M$4.1M20xas long as short
Nado BNB-PERP+0.0100%1h802.25−0.065%$1.4M$2.7M20xas long as short
Pacifica BNB+0.0100%1h802.93+0.020%$1.2M$926K20xas long as short
OKX BNB-USDT-SWAP+0.0100%8h801.90−0.109%$54.7M$113.5M50xas long as short
Arcus BNB-USD+0.0100%1h803.00+0.028%$53K$133K10xas long as short
Gate BNB_USDT+0.0100%8h802.45−0.040%$35.9M$57.7M75xas long as short
KuCoin BNBUSDTM+0.0100%8h802.34−0.054%$28.1M$10.3M75xas long as short
Bitget BNBUSDT+0.0100%8h802.40−0.046%$79.6M$27.4M75xas long as short
edgeX BNBUSDC+0.0100%4h803.14+0.046%$4.2M$77.7M30xas long as short
ApeX Omni BNBUSDT+0.0100%1h802.770.000%$162K$442K50xas long as short
Polymarket Perps BNB-USD+0.0100%1h802.41−0.045%$119K$874K10xas long as short
Orderly PERP_BNB_USDC+0.0100%8h802.27−0.063%$388K$497K50xas long as short
Derive BNB-PERP+0.0100%1h802.70−0.010%$32K$5K10xas long as short
SunX BNB-USDT+0.0100%8h803.16+0.048%$13K$1.7M50xas long as short
HTX BNB-USDT+0.0100%8h802.65−0.015%$8.2M$7.9M75xas long as short
Paradex BNB-USD-PERP+0.0100%8h803.24+0.058%$78K$19K50xas long as short
Aster BNBUSDT+0.0104%8h803.06+0.036%$6.3M$19.0M200xas long as short
Extended BNB-USD+0.0104%1h802.10−0.084%$1.9M$6.4M50xas long as short
Aevo BNB-PERP+0.0104%1h802.83+0.008%$386K$40K10xas long as short
Kalshi KXBNBPERP+0.0113%8h803.20+0.053%$109K$2.9M4.8xas long as short
Phemex BNBUSDT+0.0115%8h803.05+0.035%$70.2M$51.0M50xas long as short
MEXC BNB_USDT+0.0124%8h803.40+0.078%$83.5M$13.5M200xas long as short
Binance BNBUSDT+0.0125%8h803.00+0.028%$502.2M$818.0M75xas long as short
Phoenix BNB+0.0127%1h803.03+0.032%$173K$36K10xas long as short
SoDEX BNB-USD+0.0161%1h802.60−0.022%$395K$1.0M10xas long as short
Deribit BNB_USDC-PERPETUAL+0.0200%1h802.93+0.020%$1.6M$165K25xas long as short
Hibachi BNB/USDT-Plong+0.0240%1h802.77long leg$71K$49K12x
BloFin BNB-USDT+0.0245%8h803.43+0.082%$18.2M$2.6M75xas long as short
RISEx BNB/USDC+0.0258%1h802.770.000%$1.1M$1.4M20xas long as short
Hyperliquid BNB+0.0262%1h803.26+0.061%$52.0M$21.4M10xas long as short
Injective BNB/USDC PERP+0.0306%1h805.09+0.289%$19K$789K30xas long as short
Bulk BNB-USD+0.0309%1h803.58+0.101%$653K$20K10xas long as short
Backpack BNB_USDC_PERP+0.0325%1h803.25+0.059%$2.7M$5.7M40xas long as short
Reya BNBRUSDPERP+0.0332%1h802.13−0.080%$6K$3K40xas long as short
01 Exchange BNBUSD+0.0392%1h803.31+0.067%$28K$1K10xas long as short
dYdX BNB-USD+0.0469%1h802.89+0.014%$162K$62K10xas long as short