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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 05:00 UTC−0.0455%/8h= −49.8% APRpaid last 24h −0.118%
Price spread now: GMX against KuCoin+0.030%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on KuCoinShort on GMX
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
The price spread pays, funding is against you. GMX is 0.030% dearer against KuCoin than usual: you sell high and buy low (spread +0.030% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs −$14 a day in funding at the current rate, which eats that in about 5 hours.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin BNBUSDTM789.180.0100pay 0.0100% / 8h3h 51m$28.1M$10.2M75x
ShortGMX BNB/USD [WBTC.b-USDC]789.42L −0.0191% / S +0.0355%pay 0.0044% / 1h51m 27s$46K—200x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

GMX against KuCoin. 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
−$95.59
Price spread: +0.030% → 0.000%
$2.98
Slippage, 4 orders
no order book: not counted
Fee KuCoin: 6 bp × 2 orders
−$12
Fee GMX: 6 bp × 2 orders
−$12
Net
−$116.61
Costs to cover
0.240%
Break-even
never at this rate
Slippage unknown: KuCoin: live order book, 2 min ago; 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 KuCoin live order book, 2 min ago0.57 bp7.7 bp −$815.5 bp −$155doesn't fitdoesn't fit
Sell GMX no order-book sample—————
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 −0.0191% / S +0.0355%1h789.42+0.030%$46K—200x
Kraken Futures PF_BNBUSD−0.0124%1h789.36+0.023%$2.5M$1.2M50xas long as short
Hotstuff BNB-PERP−0.0080%1h789.66+0.061%$4K$4225xas long as short
StandX BNB-USD0.0000%1h790.39+0.153%$852K$3.2M30xas long as short
gTrade (Gains Network) BNB/USDL +0.0007% / S −0.0007%1h789.43+0.032%$9.5M—150xas long as short
Injective BNB/USDC PERP+0.0033%1h805.09+2.016%$19K$789K30xas long as short
Aster BNBUSDT+0.0037%8h789.86+0.086%$6.1M$18.8M200xas long as short
BingX BNB-USDC+0.0046%8h789.86+0.086%—$13.4M—as long as short
Binance BNBUSDT+0.0057%8h789.98+0.102%$493.4M$795.3M75xas long as short
MEXC BNB_USDT+0.0057%8h790.40+0.155%$80.1M$12.0M200xas long as short
Show all 46 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Phemex BNBUSDT+0.0060%8h790.19+0.128%$69.1M$50.3M50xas long as short
Coinbase International BNB-PERP-INTX+0.0072%1h790.26+0.137%$580K$1.9M50xas long as short
Phoenix BNB+0.0092%1h790.40+0.155%$170K$35K10xas long as short
Lighter BNB+0.0096%1h789.51+0.042%$2.8M$3.8M20xas long as short
Orderly PERP_BNB_USDC+0.0100%8h789.42+0.030%$266K$492K50xas long as short
Nado BNB-PERP+0.0100%1h789.15−0.004%$1.5M$2.6M20xas long as short
Hyperliquid BNB+0.0100%1h790.00+0.104%$51.8M$17.5M10xas long as short
Pacifica BNB+0.0100%1h789.48+0.038%$1.2M$931K20xas long as short
Bybit BNBUSDT+0.0100%8h789.40+0.028%$138.9M$74.1M75xas long as short
OKX BNB-USDT-SWAP+0.0100%8h789.30+0.015%$53.5M$112.0M50xas long as short
Arcus BNB-USD+0.0100%1h789.40+0.028%$52K$133K10xas long as short
Gate BNB_USDT+0.0100%8h789.45+0.034%$35.8M$56.6M75xas long as short
KuCoin BNBUSDTMlong+0.0100%8h789.18long leg$28.1M$10.2M75x
Bitget BNBUSDT+0.0100%8h789.13−0.006%$76.4M$30.4M75xas long as short
Backpack BNB_USDC_PERP+0.0100%1h789.86+0.086%$2.2M$6.1M40xas long as short
Variational Omni BNB+0.0100%8h789.31+0.017%$4.1M$4.8M—as long as short
edgeX BNBUSDC+0.0100%4h790.26+0.137%$4.1M$73.5M30xas long as short
ApeX Omni BNBUSDT+0.0100%1h790.15+0.123%$159K$440K50xas long as short
Polymarket Perps BNB-USD+0.0100%1h789.19+0.001%$130K$956K10xas long as short
Derive BNB-PERP+0.0100%1h789.48+0.039%$31K$12K10xas long as short
SunX BNB-USDT+0.0100%8h790.86+0.213%$12K$1.5M50xas long as short
SoDEX BNB-USD+0.0100%1h789.70+0.066%$388K$1.0M10xas long as short
HTX BNB-USDT+0.0100%8h790.04+0.109%$8.1M$9.6M75xas long as short
Paradex BNB-USD-PERP+0.0100%8h789.64+0.058%$77K$17K50xas long as short
Extended BNB-USD+0.0104%1h789.08−0.013%$1.9M$6.2M50xas long as short
Aevo BNB-PERP+0.0104%1h789.39+0.027%$379K$110K10xas long as short
Kalshi KXBNBPERP+0.0104%8h790.30+0.142%$135K$2.7M4.8xas long as short
dYdX BNB-USD+0.0125%1h789.96+0.099%$160K$64K10xas long as short
GRVT BNB_USDT_Perp+0.0169%8h790.73+0.196%$3.0M$28.6M10xas long as short
BloFin BNB-USDT+0.0177%8h790.49+0.166%$18.1M$2.2M75xas long as short
Deribit BNB_USDC-PERPETUAL+0.0200%1h789.96+0.099%$1.5M$143K25xas long as short
Bulk BNB-USD+0.0234%1h790.66+0.188%$640K$9K10xas long as short
01 Exchange BNBUSD+0.0264%1h789.87+0.087%$28K$4K10xas long as short
Reya BNBRUSDPERP+0.0325%1h789.25+0.009%$6K$3K40xas long as short
Hibachi BNB/USDT-P+0.0376%1h790.16+0.124%$67K$39K12xas long as short
RISEx BNB/USDC+0.0431%1h789.61+0.055%$1.1M$892K20xas long as short