Funding arb · Price arb /

BNB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0087%/8h= −9.5% APRpaid last 24h −0.089%

Price spread now: GRVT against 01 Exchange+0.028%7-day average — · you sell dearer than you buy

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

Long on 01 Exchange Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropGRVT: Active · farm boardneeds both histories

The price spread pays, funding is against you. GRVT is 0.028% dearer against 01 Exchange than usual: you sell high and buy low (spread +0.028% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 26 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	01 Exchange BNBUSD	792.08	0.0232	pay 0.0029% / 1h	29m 41s	$28K	$4K	10x
Short	GRVT BNB_USDT_Perp	792.31	0.0145	get 0.0145% / 8h	4h 29m	$3.0M	$28.5M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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

Position, each leg$Hold fordaysFee 01 ExchangebpFee GRVTbpOrdersPrice spread, now +0.028%Rate

Funding earned: −$18.27
Price spread: +0.028% → 0.000%: $2.85
Slippage, 4 orders: no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$31.42
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: 01 Exchange: no order-book sample; GRVT: live order book, 4 min ago. 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 01 Exchange no order-book sample	—	—	—	—	—
Sell GRVT live order book, 4 min ago	0.06 bp	4.7 bp −$5	6.3 bp −$63	doesn't fit	doesn't fit

01 Exchange: 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]	L −0.0186% / S +0.0351%	1h	791.40	−0.085%	$46K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	791.84	−0.030%	$4K	$42	25x	as long as short
StandX BNB-USD	0.0000%	1h	791.66	−0.053%	$854K	$3.2M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	791.44	−0.080%	$9.5M	—	150x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+1.643%	$19K	$789K	30x	as long as short
Aster BNBUSDT	+0.0044%	8h	792.08	0.000%	$6.1M	$18.7M	200x	as long as short
BingX BNB-USDC	+0.0052%	8h	791.43	−0.082%	—	$13.4M	—	as long as short
Phemex BNBUSDT	+0.0059%	8h	792.21	+0.016%	$69.3M	$49.9M	50x	as long as short
Coinbase International BNB-PERP-INTX	+0.0064%	1h	789.45	−0.332%	$582K	$1.9M	50x	as long as short
MEXC BNB_USDT	+0.0066%	8h	792.40	+0.040%	$80.4M	$12.3M	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	+0.0067%	8h	792.01	−0.009%	$494.4M	$788.6M	75x	as long as short
Lighter BNB	+0.0096%	1h	791.76	−0.041%	$2.8M	$3.8M	20x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	791.70	−0.048%	$266K	$492K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	791.40	−0.086%	$1.5M	$2.6M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	792.25	+0.021%	$52.0M	$17.6M	10x	as long as short
Pacifica BNB	+0.0100%	1h	791.85	−0.029%	$1.2M	$931K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	791.30	−0.098%	$139.2M	$74.6M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	791.30	−0.098%	$53.6M	$111.5M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	791.80	−0.035%	$52K	$130K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	791.40	−0.086%	$35.4M	$56.8M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	791.31	−0.097%	$27.7M	$10.3M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	791.07	−0.128%	$76.5M	$30.1M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	792.28	+0.025%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	791.31	−0.097%	$4.1M	$4.6M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	791.99	−0.011%	$4.1M	$73.7M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	790.95	−0.143%	$159K	$440K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	791.40	−0.086%	$134K	$950K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	791.77	−0.039%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	792.19	+0.014%	$13K	$1.5M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	791.80	−0.035%	$389K	$1.0M	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	791.51	−0.072%	$8.1M	$9.4M	75x	as long as short
Paradex BNB-USD-PERP	+0.0101%	8h	792.24	+0.020%	$77K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	791.14	−0.118%	$1.8M	$5.9M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	791.70	−0.048%	$380K	$110K	10x	as long as short
Phoenix BNB	+0.0117%	1h	789.61	−0.312%	$170K	$35K	10x	as long as short
dYdX BNB-USD	+0.0137%	1h	791.86	−0.028%	$160K	$64K	10x	as long as short
GRVT BNB_USDT_Perpshort	+0.0145%	8h	792.31	+0.028%	$3.0M	$28.5M	10x
Kalshi KXBNBPERP	+0.0180%	8h	792.20	+0.015%	$125K	$2.7M	4.8x	as long as short
BloFin BNB-USDT	+0.0186%	8h	792.10	+0.003%	$18.2M	$2.2M	75x	as long as short
01 Exchange BNBUSDlong	+0.0232%	1h	792.08	long leg	$28K	$4K	10x
Bulk BNB-USD	+0.0245%	1h	789.82	−0.285%	$640K	$9K	10x	as long as short
Kraken Futures PF_BNBUSD	+0.0263%	1h	791.55	−0.067%	$2.5M	$1.2M	50x	as long as short
Reya BNBRUSDPERP	+0.0326%	1h	791.20	−0.111%	$6K	$3K	40x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0400%	1h	792.10	+0.003%	$1.5M	$143K	25x	as long as short
Hibachi BNB/USDT-P	+0.0432%	1h	791.58	−0.063%	$68K	$38K	12x	as long as short
RISEx BNB/USDC	+0.0461%	1h	791.83	−0.032%	$1.1M	$973K	20x	as long as short