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

BNB

all BNB markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0084%/8h= +9.2% APRnext payment +$0.10 per $10,000 · paid last 24h +0.112%
Price spread now: dYdX against gTrade (Gains Network)+0.084%7-day average −0.004% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$301as in the Price arb table
costs, in and out, $10k−$3103.098% of the position
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.431%+$43 on $10k
Price spread, last 4 days (all we have)−0.240%−$24 · spread now +0.084%, 7d avg −0.004%
Together, before fees+0.191%+$19 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and dYdX is 0.089% dearer against gTrade (Gains Network) than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of −0.004%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LonggTrade (Gains Network) BNB/USD785.98L +0.0007% / S −0.0007%pay 0.0001% / 1h56m 06s$9.5M150x
ShortdYdX BNB-USD786.640.0091get 0.0011% / 1h56m 06s$159K$62K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

dYdX against gTrade (Gains Network). 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
$17.61
Price spread: +0.084% → −0.004%
$8.88
Slippage, 4 orders
−$289.82
Fee gTrade (Gains Network): 5 bp × 2 orders
−$10
Fee dYdX: 5 bp × 2 orders
−$10
Net
−$283.33
Costs to cover
3.098%
Break-even
119.6 days
Slippage from gTrade (Gains Network): virtual book (oracle venue), 3 min ago; dYdX: live order book, 48 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy gTrade (Gains Network) virtual book (oracle venue), 3 min ago130.01 bp135.0 bp −$135135.0 bp −$1,350416.8 bp −$41.7K2253.7 bp −$1.13M
Sell dYdX live order book, 48 min ago11.56 bp18.7 bp −$1955.1 bp −$55188.3 bp −$8,826265.8 bp −$132.9K

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]L −0.0170% / S +0.0337%1h785.88−0.012%$43K200xas long as short
Hotstuff BNB-PERP−0.0080%1h786.61+0.080%$4K$4225xas long as short
Kraken Futures PF_BNBUSD−0.0050%1h785.980.000%$2.5M$1.2M50xas long as short
StandX BNB-USD0.0000%1h786.96+0.125%$849K$2.7M30xas long as short
gTrade (Gains Network) BNB/USDlongL +0.0007% / S −0.0007%1h785.98long leg$9.5M150x
Injective BNB/USDC PERP+0.0033%1h805.09+2.431%$19K$789K30xas long as short
BingX BNB-USDT+0.0046%8h786.23+0.032%$22.4Mas long as short
Aster BNBUSDT+0.0048%8h786.62+0.082%$6.1M$18.8M200xas long as short
MEXC BNB_USDT+0.0056%8h787.30+0.168%$81.1M$11.9M200xas long as short
Binance BNBUSDT+0.0057%8h786.66+0.087%$488.9M$821.2M75xas long as short
Show all 46 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Phemex BNBUSDT+0.0076%8h786.63+0.083%$68.7M$51.4M50xas long as short
dYdX BNB-USDshort+0.0091%1h786.64+0.084%$159K$62K10x
Lighter BNB+0.0096%1h786.18+0.026%$2.7M$3.8M20xas long as short
Nado BNB-PERP+0.0100%1h786.05+0.009%$1.4M$2.7M20xas long as short
Hyperliquid BNB+0.0100%1h786.82+0.107%$51.5M$17.7M10xas long as short
Pacifica BNB+0.0100%1h786.50+0.066%$1.2M$934K20xas long as short
Bybit BNBUSDT+0.0100%8h786.00+0.003%$138.3M$75.0M75xas long as short
OKX BNB-USDT-SWAP+0.0100%8h785.90−0.010%$53.5M$113.1M50xas long as short
Arcus BNB-USD+0.0100%1h786.40+0.054%$52K$129K10xas long as short
Gate BNB_USDT+0.0100%8h786.25+0.034%$38.0M$57.4M75xas long as short
KuCoin BNBUSDTM+0.0100%8h786.10+0.015%$27.7M$10.2M75xas long as short
Bitget BNBUSDT+0.0100%8h785.89−0.011%$76.7M$31.6M75xas long as short
Backpack BNB_USDC_PERP+0.0100%1h786.56+0.074%$2.2M$6.1M40xas long as short
Variational Omni BNB+0.0100%8h785.91−0.008%$4.0M$4.8Mas long as short
edgeX BNBUSDC+0.0100%4h786.97+0.126%$4.1M$76.1M30xas long as short
ApeX Omni BNBUSDT+0.0100%1h786.93+0.121%$158K$438K50xas long as short
Polymarket Perps BNB-USD+0.0100%1h785.99+0.001%$131K$953K10xas long as short
Orderly PERP_BNB_USDC+0.0100%8h786.02+0.005%$264K$449K50xas long as short
Derive BNB-PERP+0.0100%1h786.35+0.047%$31K$12K10xas long as short
SunX BNB-USDT+0.0100%8h786.58+0.076%$12K$1.5M50xas long as short
SoDEX BNB-USD+0.0100%1h786.20+0.028%$387K$976K10xas long as short
HTX BNB-USDT+0.0100%8h786.09+0.014%$8.0M$10.3M75xas long as short
Paradex BNB-USD-PERP+0.0100%8h786.81+0.106%$78K$18K50xas long as short
Extended BNB-USD+0.0104%1h785.63−0.045%$1.8M$5.9M50xas long as short
Aevo BNB-PERP+0.0104%1h786.05+0.009%$378K$110K10xas long as short
Coinbase International BNB-PERP-INTX+0.0104%1h787.43+0.185%$564K$1.9M50xas long as short
Kalshi KXBNBPERP+0.0118%8h786.70+0.092%$171K$2.7M4.8xas long as short
Phoenix BNB+0.0135%1h786.82+0.107%$169K$35K10xas long as short
BloFin BNB-USDT+0.0177%8h787.02+0.132%$17.7M$2.2M75xas long as short
Deribit BNB_USDC-PERPETUAL+0.0200%1h786.43+0.057%$1.5M$145K25xas long as short
GRVT BNB_USDT_Perp+0.0226%8h787.06+0.137%$2.9M$28.6M10xas long as short
Bulk BNB-USD+0.0230%1h786.88+0.115%$638K$83110xas long as short
01 Exchange BNBUSD+0.0280%1h786.66+0.087%$28K$4K10xas long as short
Reya BNBRUSDPERP+0.0321%1h785.70−0.036%$6K$3K40xas long as short
RISEx BNB/USDC+0.0350%1h786.37+0.050%$1.1M$920K20xas long as short
Hibachi BNB/USDT-P+0.0456%1h786.47+0.062%$67K$39K12xas long as short