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

BNB

all BNB markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC−0.0456%/8h= −50.0% APRnext payment $0.57 per $10,000 · paid last 24h −0.120%
Price spread now: GMX against Extended+0.044%7-day average · you sell dearer than you buy
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 fees+ Points / potential airdropExtended: Active · farm boardneeds both histories
The price spread pays, funding is against you. GMX is 0.044% dearer against Extended than usual: you sell high and buy low (spread +0.044% now, against zero (this spread has no 7-day history yet)): +$4 on $10k if it goes back. Holding the pair costs −$14 a day in funding at the current rate, which eats that in about 8 hours.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended BNB-USD788.290.0104pay 0.0013% / 1h16m 20s$1.8M$5.9M50x
ShortGMX BNB/USD [WBTC.b-USDC]788.63L −0.0188% / S +0.0352%pay 0.0044% / 1h16m 20s$46K200x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

GMX against Extended. 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
−$95.8
Price spread: +0.044% → 0.000%
$4.39
Slippage, 4 orders
no order book: not counted
Fee Extended: 2.5 bp × 2 orders
−$5
Fee GMX: 6 bp × 2 orders
−$12
Net
−$108.42
Costs to cover
0.170%
Break-even
never at this rate
Slippage unknown: Extended: live order book, 3 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 Extended live order book, 3 min ago0.06 bp3.6 bp −$44.6 bp −$46doesn'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 −0.0188% / S +0.0352%1h788.63+0.044%$46K200x
Hotstuff BNB-PERP−0.0080%1h789.26+0.123%$4K$4225xas long as short
StandX BNB-USD0.0000%1h789.11+0.104%$851K$3.2M30xas long as short
gTrade (Gains Network) BNB/USDL +0.0007% / S −0.0007%1h788.61+0.041%$9.5M150xas long as short
Injective BNB/USDC PERP+0.0033%1h805.09+2.132%$19K$789K30xas long as short
Aster BNBUSDT+0.0037%8h789.26+0.123%$6.1M$18.7M200xas long as short
BingX BNB-USDT+0.0050%8h788.79+0.064%$34.4Mas long as short
Phemex BNBUSDT+0.0060%8h789.31+0.130%$69.0M$50.0M50xas long as short
MEXC BNB_USDT+0.0060%8h789.60+0.167%$80.1M$12.4M200xas long as short
Binance BNBUSDT+0.0061%8h789.08+0.101%$492.4M$789.8M75xas long as short
Show all 46 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Coinbase International BNB-PERP-INTX+0.0064%1h789.45+0.148%$582K$1.9M50xas long as short
Lighter BNB+0.0096%1h788.85+0.072%$2.7M$3.9M20xas long as short
Orderly PERP_BNB_USDC+0.0100%8h788.72+0.055%$265K$492K50xas long as short
Nado BNB-PERP+0.0100%1h788.90+0.078%$1.5M$2.6M20xas long as short
Hyperliquid BNB+0.0100%1h789.40+0.141%$51.8M$17.6M10xas long as short
Pacifica BNB+0.0100%1h789.12+0.105%$1.2M$931K20xas long as short
Bybit BNBUSDT+0.0100%8h788.50+0.027%$138.7M$74.6M75xas long as short
OKX BNB-USDT-SWAP+0.0100%8h788.50+0.027%$53.4M$111.2M50xas long as short
Arcus BNB-USD+0.0100%1h789.10+0.103%$52K$130K10xas long as short
Gate BNB_USDT+0.0100%8h788.65+0.046%$35.5M$57.4M75xas long as short
KuCoin BNBUSDTM+0.0100%8h788.82+0.068%$28.1M$10.4M75xas long as short
Bitget BNBUSDT+0.0100%8h788.45+0.021%$76.3M$30.1M75xas long as short
Backpack BNB_USDC_PERP+0.0100%1h789.82+0.194%$2.2M$6.1M40xas long as short
Variational Omni BNB+0.0100%8h788.80+0.066%$4.1M$4.6Mas long as short
edgeX BNBUSDC+0.0100%4h789.65+0.173%$4.1M$73.3M30xas long as short
ApeX Omni BNBUSDT+0.0100%1h789.43+0.145%$159K$440K50xas long as short
Polymarket Perps BNB-USD+0.0100%1h788.72+0.055%$133K$950K10xas long as short
Derive BNB-PERP+0.0100%1h788.79+0.064%$31K$12K10xas long as short
SunX BNB-USDT+0.0100%8h789.19+0.115%$12K$1.5M50xas long as short
SoDEX BNB-USD+0.0100%1h788.90+0.078%$388K$1.0M10xas long as short
HTX BNB-USDT+0.0100%8h788.94+0.083%$8.1M$9.5M75xas long as short
Paradex BNB-USD-PERP+0.0101%8h789.28+0.126%$77K$17K50xas long as short
Extended BNB-USDlong+0.0104%1h788.29long leg$1.8M$5.9M50x
Aevo BNB-PERP+0.0104%1h788.69+0.051%$379K$110K10xas long as short
Phoenix BNB+0.0117%1h789.49+0.153%$170K$35K10xas long as short
dYdX BNB-USD+0.0122%1h789.35+0.135%$160K$64K10xas long as short
GRVT BNB_USDT_Perp+0.0150%8h790.01+0.219%$2.9M$28.6M10xas long as short
Kalshi KXBNBPERP+0.0175%8h789.90+0.205%$125K$2.7M4.8xas long as short
BloFin BNB-USDT+0.0181%8h789.84+0.197%$18.2M$2.2M75xas long as short
Deribit BNB_USDC-PERPETUAL+0.0200%1h789.09+0.101%$1.5M$143K25xas long as short
Bulk BNB-USD+0.0222%1h790.13+0.234%$640K$9K10xas long as short
01 Exchange BNBUSD+0.0232%1h789.37+0.137%$28K$4K10xas long as short
Kraken Futures PF_BNBUSD+0.0264%1h788.59+0.038%$2.5M$1.2M50xas long as short
Reya BNBRUSDPERP+0.0326%1h788.60+0.040%$6K$3K40xas long as short
Hibachi BNB/USDT-P+0.0392%1h789.26+0.124%$67K$38K12xas long as short
RISEx BNB/USDC+0.0461%1h789.26+0.123%$1.1M$967K20xas long as short