Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0301%/8h= +33.0% APRpaid last 24h +0.070%

Price spread now: SunX against GMX+0.103%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 SunX

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 SunX is 0.103% dearer against GMX than usual: you sell high and buy low: +$10 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]	797.69	L −0.0201% / S +0.0372%	get 0.0025% / 1h	48m 23s	$47K	—	200x
Short	SunX BNB-USDT	798.51	0.0100	get 0.0100% / 8h	7h 48m	$13K	$1.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.103%Rate

Funding earned: $63.28
Price spread: +0.103% → 0.000%: $10.29
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee SunX: 4 bp × 2 orders: −$8
Net: $53.56
Costs to cover: 0.200%
Break-even: 1.1 days

Slippage unknown: GMX: no order-book sample; SunX: live order book, 7 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 SunX live order book, 7 min ago	16.69 bp	23.0 bp −$23	29.8 bp −$298	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 −0.0201% / S +0.0372%	1h	797.69	long leg	$47K	—	200x
Kraken Futures PF_BNBUSD	−0.0121%	1h	797.48	−0.026%	$2.5M	$979K	50x	as long as short
Bybit BNBUSDT	−0.0081%	8h	797.40	−0.037%	$138.4M	$77.0M	75x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	798.13	+0.055%	$4K	$239	25x	as long as short
BingX BNB-USDC	−0.0030%	8h	797.94	+0.031%	—	$13.3M	—	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	798.92	+0.154%	$3.0M	$27.9M	10x	as long as short
StandX BNB-USD	0.0000%	1h	798.40	+0.089%	$863K	$2.9M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	797.86	+0.021%	$9.7M	—	150x	as long as short
Variational Omni BNB	+0.0008%	8h	797.13	−0.071%	$4.1M	$5.4M	—	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+0.927%	$19K	$789K	30x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International BNB-PERP-INTX	+0.0048%	1h	798.00	+0.039%	$601K	$987K	50x	as long as short
Gate BNB_USDT	+0.0054%	8h	797.60	−0.011%	$35.7M	$55.8M	75x	as long as short
Aster BNBUSDT	+0.0069%	8h	798.31	+0.077%	$6.2M	$19.3M	200x	as long as short
Phemex BNBUSDT	+0.0071%	8h	798.46	+0.096%	$69.7M	$50.6M	50x	as long as short
MEXC BNB_USDT	+0.0091%	8h	798.80	+0.139%	$83.0M	$13.5M	200x	as long as short
Binance BNBUSDT	+0.0091%	8h	798.35	+0.083%	$496.3M	$816.9M	75x	as long as short
Lighter BNB	+0.0096%	1h	798.24	+0.068%	$2.8M	$4.0M	20x	as long as short
Phoenix BNB	+0.0099%	1h	798.71	+0.128%	$172K	$36K	10x	as long as short
Nado BNB-PERP	+0.0100%	1h	797.71	+0.002%	$1.4M	$2.7M	20x	as long as short
Pacifica BNB	+0.0100%	1h	798.04	+0.044%	$1.2M	$925K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	797.70	+0.001%	$54.1M	$111.8M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	798.10	+0.051%	$52K	$134K	10x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	797.78	+0.011%	$27.9M	$10.1M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	797.53	−0.020%	$78.7M	$27.6M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	798.80	+0.140%	$4.1M	$76.2M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	798.41	+0.090%	$161K	$436K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	797.78	+0.011%	$118K	$874K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	797.79	+0.012%	$386K	$481K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	797.94	+0.031%	$32K	$5K	10x	as long as short
SunX BNB-USDTshort	+0.0100%	8h	798.51	+0.103%	$13K	$1.7M	50x
SoDEX BNB-USD	+0.0100%	1h	797.90	+0.026%	$392K	$1.0M	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	798.14	+0.056%	$8.2M	$8.1M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	798.64	+0.119%	$78K	$19K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	797.40	−0.036%	$1.8M	$6.6M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	797.88	+0.023%	$383K	$108K	10x	as long as short
Bulk BNB-USD	+0.0118%	1h	798.39	+0.088%	$648K	$11K	10x	as long as short
Hibachi BNB/USDT-P	+0.0136%	1h	797.90	+0.026%	$70K	$35K	12x	as long as short
Kalshi KXBNBPERP	+0.0154%	8h	798.20	+0.064%	$89K	$2.9M	4.8x	as long as short
RISEx BNB/USDC	+0.0155%	1h	797.83	+0.018%	$1.1M	$1.4M	20x	as long as short
BloFin BNB-USDT	+0.0211%	8h	798.50	+0.101%	$18.1M	$2.5M	75x	as long as short
01 Exchange BNBUSD	+0.0216%	1h	798.27	+0.073%	$28K	$1K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	798.27	+0.073%	$1.6M	$160K	25x	as long as short
dYdX BNB-USD	+0.0306%	1h	797.97	+0.035%	$161K	$63K	10x	as long as short
Reya BNBRUSDPERP	+0.0331%	1h	797.38	−0.039%	$6K	$3K	40x	as long as short
Hyperliquid BNB	+0.0363%	1h	798.59	+0.113%	$53.2M	$20.8M	10x	as long as short
Backpack BNB_USDC_PERP	+0.0386%	1h	798.65	+0.120%	$2.7M	$5.7M	40x	as long as short