Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0437%/8h= −47.8% APRpaid last 24h −0.120%

Price spread now: GMX against OKX+0.019%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on OKX Short 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 sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$13 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX BNB-USDT-SWAP	786.50	0.0100	pay 0.0100% / 8h	42m 01s	$53.6M	$113.2M	50x
Short	GMX BNB/USD [WBTC.b-USDC]	786.65	L −0.0168% / S +0.0337%	pay 0.0042% / 1h	42m 01s	$43K	—	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against OKX. 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

Position, each leg$Hold fordaysFee OKXbpFee GMXbpOrdersPrice spread, now +0.019%Rate

Funding earned: −$91.67
Price spread: +0.019% → 0.000%: $1.94
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee GMX: 6 bp × 2 orders: −$12
Net: −$111.73
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: OKX: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy OKX live order book, 2 min ago	0.64 bp	5.6 bp −$6	7.7 bp −$77	20.8 bp −$2,085	doesn'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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GMX BNB/USD [WBTC.b-USDC]short	L −0.0168% / S +0.0337%	1h	786.65	+0.019%	$43K	—	200x
Hotstuff BNB-PERP	−0.0080%	1h	787.19	+0.088%	$4K	$42	25x	as long as short
Kraken Futures PF_BNBUSD	−0.0050%	1h	786.66	+0.021%	$2.5M	$1.2M	50x	as long as short
StandX BNB-USD	0.0000%	1h	787.35	+0.108%	$849K	$2.7M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	786.64	+0.018%	$9.5M	—	150x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.364%	$19K	$789K	30x	as long as short
BingX BNB-USDC	+0.0045%	8h	786.77	+0.034%	—	$13.4M	—	as long as short
Aster BNBUSDT	+0.0046%	8h	787.17	+0.085%	$6.0M	$18.9M	200x	as long as short
dYdX BNB-USD	+0.0052%	1h	786.54	+0.005%	$159K	$62K	10x	as long as short
MEXC BNB_USDT	+0.0055%	8h	787.70	+0.153%	$81.1M	$11.9M	200x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance BNBUSDT	+0.0055%	8h	787.19	+0.088%	$489.4M	$821.6M	75x	as long as short
Phemex BNBUSDT	+0.0077%	8h	787.26	+0.097%	$68.8M	$51.4M	50x	as long as short
Lighter BNB	+0.0096%	1h	786.77	+0.035%	$2.7M	$3.8M	20x	as long as short
Phoenix BNB	+0.0100%	1h	787.73	+0.156%	$169K	$35K	10x	as long as short
Nado BNB-PERP	+0.0100%	1h	786.35	−0.019%	$1.4M	$2.7M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	787.26	+0.097%	$51.5M	$17.7M	10x	as long as short
Pacifica BNB	+0.0100%	1h	786.68	+0.022%	$1.2M	$934K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	786.60	+0.013%	$138.4M	$74.7M	75x	as long as short
OKX BNB-USDT-SWAPlong	+0.0100%	8h	786.50	long leg	$53.6M	$113.2M	50x
Arcus BNB-USD	+0.0100%	1h	786.70	+0.025%	$52K	$129K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	786.60	+0.013%	$38.3M	$57.5M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	786.30	−0.025%	$27.7M	$10.2M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	786.36	−0.018%	$76.4M	$31.8M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	787.07	+0.072%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	787.00	+0.063%	$4.0M	$4.7M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	787.76	+0.160%	$4.1M	$76.2M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	787.25	+0.095%	$158K	$438K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	786.65	+0.019%	$131K	$953K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	786.66	+0.020%	$264K	$430K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	786.70	+0.026%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	786.67	+0.022%	$12K	$1.5M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	786.80	+0.038%	$387K	$974K	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	786.59	+0.012%	$8.0M	$10.3M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	787.00	+0.063%	$78K	$18K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	786.24	−0.033%	$1.8M	$5.9M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	786.72	+0.028%	$378K	$110K	10x	as long as short
Coinbase International BNB-PERP-INTX	+0.0104%	1h	786.37	−0.017%	$556K	$1.9M	50x	as long as short
Kalshi KXBNBPERP	+0.0114%	8h	786.90	+0.051%	$170K	$2.7M	4.8x	as long as short
BloFin BNB-USDT	+0.0175%	8h	787.18	+0.086%	$17.7M	$2.2M	75x	as long as short
Bulk BNB-USD	+0.0210%	1h	786.98	+0.061%	$638K	$831	10x	as long as short
GRVT BNB_USDT_Perp	+0.0225%	8h	787.62	+0.143%	$2.9M	$28.7M	10x	as long as short
01 Exchange BNBUSD	+0.0264%	1h	787.06	+0.071%	$28K	$4K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	787.10	+0.077%	$1.5M	$145K	25x	as long as short
Reya BNBRUSDPERP	+0.0321%	1h	786.55	+0.006%	$6K	$3K	40x	as long as short
RISEx BNB/USDC	+0.0350%	1h	787.05	+0.070%	$1.1M	$907K	20x	as long as short
Hibachi BNB/USDT-P	+0.0456%	1h	786.91	+0.052%	$67K	$39K	12x	as long as short