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Funding arb · Price arb /

BNB

all BNB markets
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Alert: funding
Measured
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Alert: spread
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Funding you earn now, next payment 01:00 UTC+0.0286%/8h= +31.3% APRnext payment +$0.36 per $10,000 · paid last 24h +0.123%
Price spread now: Bulk against GMX+0.140%46s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on GMXShort on Bulk
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
Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and Bulk is 0.140% dearer against GMX than usual: you sell high and buy low: +$14 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGMX BNB/USD [WBTC.b-USDC]798.57L −0.0159% / S +0.0334%get 0.0020% / 1h29m 38s$47K—200x
ShortBulk BNB-USD799.690.0127get 0.0016% / 1h29m 38s$649K$10K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bulk against GMX. 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
$60
Price spread: +0.140% → 0.000%
$14.02
Slippage, 4 orders
no order book: not counted
Fee GMX: 6 bp × 2 orders
−$12
Fee Bulk: 3.5 bp × 2 orders
−$7
Net
$55.02
Costs to cover
0.190%
Break-even
0.6 days
Slippage unknown: GMX: no order-book sample; Bulk: live order book, 44 min ago. 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 GMX no order-book sample—————
Sell Bulk live order book, 44 min ago0.06 bp3.6 bp −$43.8 bp −$386.6 bp −$66016.5 bp −$8,258
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]longL −0.0159% / S +0.0334%1h798.57long leg$47K—200x
Kraken Futures PF_BNBUSD−0.0121%1h798.54−0.004%$2.5M$965K50xas long as short
Hotstuff BNB-PERP−0.0080%1h798.83+0.033%$4K$23925xas long as short
BingX BNB-USDC−0.0028%8h798.80+0.029%—$13.4M—as long as short
Bybit BNBUSDT−0.0024%8h798.00−0.071%$138.5M$75.0M75xas long as short
GRVT BNB_USDT_Perp0.0000%8h799.48+0.114%$3.0M$27.5M10xas long as short
StandX BNB-USD0.0000%1h798.570.000%$863K$2.9M30xas long as short
Phemex BNBUSDT0.0000%8h799.14+0.072%$69.8M$50.3M50xas long as short
Variational Omni BNB+0.0003%8h798.43−0.018%$4.1M$5.2M—as long as short
gTrade (Gains Network) BNB/USDL +0.0008% / S −0.0007%1h798.55−0.002%$9.7M—150xas long as short
Show all 46 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective BNB/USDC PERP+0.0033%1h805.09+0.817%$19K$789K30xas long as short
Coinbase International BNB-PERP-INTX+0.0048%1h798.73+0.020%$602K$972K50xas long as short
Gate BNB_USDT+0.0053%8h798.35−0.027%$35.7M$56.2M75xas long as short
Aster BNBUSDT+0.0060%8h799.16+0.074%$6.2M$19.1M200xas long as short
Binance BNBUSDT+0.0083%8h798.86+0.037%$495.7M$806.0M75xas long as short
MEXC BNB_USDT+0.0083%8h799.40+0.104%$83.1M$13.6M200xas long as short
Lighter BNB+0.0096%1h798.61+0.005%$2.8M$4.0M20xas long as short
Phoenix BNB+0.0099%1h799.20+0.079%$172K$36K10xas long as short
Nado BNB-PERP+0.0100%1h798.50−0.008%$1.5M$2.7M20xas long as short
Pacifica BNB+0.0100%1h798.71+0.018%$1.2M$924K20xas long as short
OKX BNB-USDT-SWAP+0.0100%8h798.10−0.059%$54.2M$110.1M50xas long as short
Arcus BNB-USD+0.0100%1h798.80+0.029%$53K$133K10xas long as short
KuCoin BNBUSDTM+0.0100%8h798.62+0.007%$27.9M$10.0M75xas long as short
Bitget BNBUSDT+0.0100%8h798.17−0.050%$78.7M$27.3M75xas long as short
edgeX BNBUSDC+0.0100%4h799.33+0.096%$4.2M$76.5M30xas long as short
ApeX Omni BNBUSDT+0.0100%1h799.10+0.067%$161K$436K50xas long as short
Polymarket Perps BNB-USD+0.0100%1h798.42−0.018%$116K$873K10xas long as short
Orderly PERP_BNB_USDC+0.0100%8h798.53−0.005%$386K$458K50xas long as short
Derive BNB-PERP+0.0100%1h798.73+0.020%$32K$5K10xas long as short
SunX BNB-USDT+0.0100%8h799.08+0.064%$13K$1.6M50xas long as short
SoDEX BNB-USD+0.0100%1h798.80+0.029%$393K$1.0M10xas long as short
HTX BNB-USDT+0.0100%8h798.77+0.025%$8.2M$8.2M75xas long as short
Paradex BNB-USD-PERP+0.0100%8h799.03+0.058%$78K$18K50xas long as short
Extended BNB-USD+0.0104%1h798.09−0.060%$1.8M$6.2M50xas long as short
Aevo BNB-PERP+0.0104%1h798.58+0.002%$384K$108K10xas long as short
Bulk BNB-USDshort+0.0127%1h799.69+0.140%$649K$10K10x
Kalshi KXBNBPERP+0.0154%8h799.20+0.079%$91K$2.8M4.8xas long as short
RISEx BNB/USDC+0.0155%1h798.59+0.002%$1.1M$1.4M20xas long as short
Hibachi BNB/USDT-P+0.0168%1h799.22+0.082%$69K$38K12xas long as short
Deribit BNB_USDC-PERPETUAL+0.0200%1h799.09+0.065%$1.6M$160K25xas long as short
BloFin BNB-USDT+0.0204%8h799.42+0.107%$18.1M$2.5M75xas long as short
01 Exchange BNBUSD+0.0208%1h799.07+0.063%$28K$1K10xas long as short
dYdX BNB-USD+0.0232%1h798.94+0.047%$161K$63K10xas long as short
Hyperliquid BNB+0.0307%1h799.36+0.099%$53.1M$20.6M10xas long as short
Reya BNBRUSDPERP+0.0330%1h798.06−0.064%$6K$3K40xas long as short
Backpack BNB_USDC_PERP+0.0392%1h799.62+0.132%$2.7M$5.6M40xas long as short