Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC+0.0360%/8hnext payment +$0.45 per $10,000 · paid last 24h +0.083%

Price spread now: RISEx against GMX+0.026%7-day average — · you sell dearer than you buy

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

Long on GMX Short on RISEx

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 +$11 a day on $10k at the current rate, and RISEx is 0.026% dearer against GMX than usual: you sell high and buy low: +$3 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX BNB/USD [WBTC.b-USDC]	800.79	L −0.0195% / S +0.0371%	get 0.0024% / 1h	23m 22s	$48K	—	200x
Short	RISEx BNB/USDC	801.00	0.0165	get 0.0021% / 1h	23m 22s	$1.1M	$1.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx 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

Position, each leg$Hold fordaysFee GMXbpFee RISExbpOrdersPrice spread, now +0.026%Rate

Funding earned: $75.54
Price spread: +0.026% → 0.000%: $2.64
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee RISEx: 3 bp × 2 orders: −$6
Net: $60.17
Costs to cover: 0.180%
Break-even: 1.4 days

Slippage unknown: GMX: no order-book sample; RISEx: live order book, 5 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 GMX no order-book sample	—	—	—	—	—
Sell RISEx live order book, 5 min ago	0.81 bp	3.8 bp −$4	7.9 bp −$79	doesn't fit	doesn't fit

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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GMX BNB/USD [WBTC.b-USDC]long	L −0.0195% / S +0.0371%	1h	800.79	long leg	$48K	—	200x
Hotstuff BNB-PERP	−0.0080%	1h	801.29	+0.063%	$4K	$1K	25x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	801.15	+0.045%	$3.0M	$30.1M	10x	as long as short
Kalshi KXBNBPERP	0.0000%	8h	802.30	+0.189%	$107K	$2.7M	4.8x	as long as short
StandX BNB-USD	0.0000%	1h	801.93	+0.143%	$867K	$3.1M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0008%	1h	800.92	+0.016%	$9.7M	—	150x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	800.43	−0.045%	$19K	$407K	30x	as long as short
Coinbase International BNB-PERP-INTX	+0.0056%	1h	800.37	−0.052%	$601K	$904K	50x	as long as short
Variational Omni BNB	+0.0072%	8h	799.45	−0.168%	$4.1M	$5.5M	—	as long as short
BingX BNB-USDC	+0.0080%	8h	800.98	+0.024%	—	$13.2M	—	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter BNB	+0.0096%	1h	801.41	+0.077%	$2.9M	$3.9M	20x	as long as short
Aster BNBUSDT	+0.0098%	8h	801.42	+0.079%	$6.4M	$18.9M	200x	as long as short
Nado BNB-PERP	+0.0100%	1h	800.70	−0.011%	$1.4M	$2.8M	20x	as long as short
Pacifica BNB	+0.0100%	1h	801.02	+0.029%	$1.2M	$916K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	800.57	−0.027%	$138.5M	$87.7M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	800.70	−0.011%	$55.1M	$116.5M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	800.90	+0.014%	$53K	$221K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	800.65	−0.017%	$35.9M	$59.4M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	800.55	−0.030%	$28.0M	$10.4M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	800.60	−0.024%	$78.5M	$24.5M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	801.17	+0.048%	$4.2M	$75.9M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	801.23	+0.055%	$158K	$438K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	800.57	−0.027%	$118K	$880K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	800.87	+0.010%	$387K	$627K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	801.12	+0.041%	$32K	$5K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	801.12	+0.042%	$13K	$1.7M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	801.50	+0.089%	$394K	$1.0M	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0100%	1h	801.40	+0.077%	$1.6M	$159K	25x	as long as short
HTX BNB-USDT	+0.0100%	8h	801.51	+0.090%	$8.2M	$6.9M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	801.51	+0.089%	$78K	$19K	50x	as long as short
Phemex BNBUSDT	+0.0102%	8h	802.08	+0.161%	$70.2M	$51.7M	50x	as long as short
MEXC BNB_USDT	+0.0102%	8h	801.90	+0.139%	$83.9M	$15.1M	200x	as long as short
Binance BNBUSDT	+0.0102%	8h	801.27	+0.061%	$516.8M	$801.9M	75x	as long as short
Extended BNB-USD	+0.0104%	1h	800.61	−0.023%	$1.9M	$6.4M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	801.18	+0.049%	$385K	$40K	10x	as long as short
Bulk BNB-USD	+0.0120%	1h	799.94	−0.106%	$651K	$15K	10x	as long as short
Phoenix BNB	+0.0151%	1h	801.63	+0.105%	$172K	$28K	10x	as long as short
RISEx BNB/USDCshort	+0.0165%	1h	801.00	+0.026%	$1.1M	$1.4M	20x
Kraken Futures PF_BNBUSD	+0.0185%	1h	800.95	+0.021%	$2.5M	$924K	50x	as long as short
BloFin BNB-USDT	+0.0223%	8h	802.20	+0.176%	$19.0M	$3.0M	75x	as long as short
Hyperliquid BNB	+0.0248%	1h	801.43	+0.080%	$51.4M	$21.4M	10x	as long as short
01 Exchange BNBUSD	+0.0272%	1h	801.38	+0.074%	$28K	$1K	10x	as long as short
Hibachi BNB/USDT-P	+0.0328%	1h	801.78	+0.124%	$71K	$48K	12x	as long as short
Reya BNBRUSDPERP	+0.0334%	1h	800.38	−0.052%	$9K	—	40x	as long as short
dYdX BNB-USD	+0.0370%	1h	800.88	+0.012%	$173K	$51K	10x	as long as short
Backpack BNB_USDC_PERP	+0.0695%	1h	802.17	+0.172%	$3.0M	$5.3M	40x	as long as short