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

BNB

all BNB markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC−0.0723%/8h= −79.2% APRnext payment $0.90 per $10,000 · paid last 24h −0.190%
Price spread now: GMX against 01 Exchange−0.142%7-day average · you buy dearer than you sell
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 feesneeds both histories
Both sides work against this trade now: funding costs −$22 a day on $10k at the current rate, and GMX is 0.142% cheaper against 01 Exchange than usual: you would sell low and buy high (−$14 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
Long01 Exchange BNBUSD806.800.0352pay 0.0044% / 1h43m 01s$29K$1K10x
ShortGMX BNB/USD [WBTC.b-USDC]805.65L −0.0195% / S +0.0371%pay 0.0046% / 1h43m 01s$49K200x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

GMX against 01 Exchange. 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
−$151.93
Price spread: −0.142% → 0.000%
−$14.19
Slippage, 4 orders
no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders
−$7
Fee GMX: 6 bp × 2 orders
−$12
Net
−$185.12
Costs to cover
0.190%
Break-even
never at this rate
Slippage unknown: 01 Exchange: 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 01 Exchange no order-book sample
Sell GMX no order-book sample
01 Exchange 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 −0.0195% / S +0.0371%1h805.65−0.142%$49K200x
Hotstuff BNB-PERP−0.0080%1h806.36−0.055%$4K$1K25xas long as short
GRVT BNB_USDT_Perp0.0000%8h806.21−0.074%$3.0M$29.2M10xas long as short
Kalshi KXBNBPERP0.0000%8h806.30−0.062%$108K$2.5M4.8xas long as short
StandX BNB-USD0.0000%1h805.76−0.129%$871K$2.8M30xas long as short
gTrade (Gains Network) BNB/USDL +0.0008% / S −0.0007%1h805.73−0.133%$9.8M150xas long as short
Variational Omni BNB+0.0048%8h804.97−0.226%$4.1M$5.3Mas long as short
BingX BNB-USDC+0.0059%8h805.99−0.100%$13.3Mas long as short
Hibachi BNB/USDT-P+0.0080%1h805.82−0.122%$71K$48K12xas long as short
Bybit BNBUSDT+0.0083%8h805.80−0.124%$139.6M$81.1M75xas long as short
Show all 46 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter BNB+0.0096%1h806.06−0.092%$2.8M$4.2M20xas long as short
Coinbase International BNB-PERP-INTX+0.0096%1h805.54−0.156%$608K$881K50xas long as short
Nado BNB-PERP+0.0100%1h805.67−0.140%$1.5M$2.7M20xas long as short
Pacifica BNB+0.0100%1h806.17−0.079%$1.2M$924K20xas long as short
OKX BNB-USDT-SWAP+0.0100%8h806.20−0.074%$55.1M$116.0M50xas long as short
Arcus BNB-USD+0.0100%1h806.20−0.074%$53K$170K10xas long as short
Gate BNB_USDT+0.0100%8h805.80−0.124%$36.1M$57.5M75xas long as short
KuCoin BNBUSDTM+0.0100%8h805.80−0.124%$28.2M$10.5M75xas long as short
Bitget BNBUSDT+0.0100%8h806.03−0.095%$78.8M$25.0M75xas long as short
edgeX BNBUSDC+0.0100%4h806.31−0.061%$4.2M$76.6M30xas long as short
ApeX Omni BNBUSDT+0.0100%1h806.49−0.038%$162K$440K50xas long as short
Polymarket Perps BNB-USD+0.0100%1h805.87−0.115%$116K$870K10xas long as short
Orderly PERP_BNB_USDC+0.0100%8h805.67−0.140%$389K$592K50xas long as short
Derive BNB-PERP+0.0100%1h805.82−0.121%$32K$5K10xas long as short
SunX BNB-USDT+0.0100%8h806.36−0.055%$13K$1.7M50xas long as short
HTX BNB-USDT+0.0100%8h805.84−0.119%$8.2M$7.6M75xas long as short
Paradex BNB-USD-PERP+0.0100%8h806.52−0.035%$79K$19K50xas long as short
Extended BNB-USD+0.0104%1h806.03−0.096%$1.9M$6.0M50xas long as short
Aevo BNB-PERP+0.0104%1h805.85−0.117%$387K$40K10xas long as short
Aster BNBUSDT+0.0105%8h806.57−0.029%$6.4M$18.8M200xas long as short
MEXC BNB_USDT+0.0120%8h806.70−0.012%$84.7M$13.4M200xas long as short
Binance BNBUSDT+0.0121%8h806.73−0.009%$521.1M$803.5M75xas long as short
Phemex BNBUSDT+0.0131%8h806.42−0.047%$70.4M$51.8M50xas long as short
Phoenix BNB+0.0155%1h806.22−0.072%$173K$35K10xas long as short
SoDEX BNB-USD+0.0177%1h805.80−0.124%$396K$1.0M10xas long as short
Hyperliquid BNB+0.0189%1h806.85+0.006%$51.9M$22.1M10xas long as short
dYdX BNB-USD+0.0203%1h805.84−0.119%$162K$63K10xas long as short
Kraken Futures PF_BNBUSD+0.0205%1h805.74−0.131%$2.5M$929K50xas long as short
BloFin BNB-USDT+0.0241%8h806.53−0.033%$18.8M$3.1M75xas long as short
Bulk BNB-USD+0.0274%1h805.55−0.155%$651K$14K10xas long as short
Deribit BNB_USDC-PERPETUAL+0.0300%1h806.12−0.084%$1.6M$165K25xas long as short
Injective BNB/USDC PERP+0.0311%1h805.09−0.212%$19K$789K30xas long as short
RISEx BNB/USDC+0.0318%1h806.17−0.077%$1.1M$1.4M20xas long as short
Reya BNBRUSDPERP+0.0333%1h805.52−0.159%$6K$3K40xas long as short
01 Exchange BNBUSDlong+0.0352%1h806.80long leg$29K$1K10x
Backpack BNB_USDC_PERP+0.0715%1h806.97+0.021%$3.0M$5.5M40xas long as short