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

BNB

all BNB markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.0569%/8h= +62.3% APRnext payment +$0.71 per $10,000 · paid last 24h +0.135%
Price spread now: 01 Exchange against GMX+0.050%47s7-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 feesneeds both histories
Both sides work for this trade now. Funding pays +$17 a day on $10k at the current rate, and 01 Exchange is 0.050% dearer against GMX than usual: you sell high and buy low: +$5 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 47 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]802.97L −0.0201% / S +0.0372%get 0.0025% / 1h44m 36s$48K200x
Short01 Exchange BNBUSD803.370.0368get 0.0046% / 1h44m 36s$28K$1K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

01 Exchange 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
$119.56
Price spread: +0.050% → 0.000%
$4.98
Slippage, 4 orders
no order book: not counted
Fee GMX: 6 bp × 2 orders
−$12
Fee 01 Exchange: 3.5 bp × 2 orders
−$7
Net
$105.54
Costs to cover
0.190%
Break-even
0.8 days
Slippage unknown: GMX: no order-book sample; 01 Exchange: 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 GMX no order-book sample
Sell 01 Exchange no order-book sample
GMX and 01 Exchange: 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 −0.0201% / S +0.0372%1h802.97long leg$48K200x
Hotstuff BNB-PERP−0.0080%1h802.95−0.002%$4K$1K25xas long as short
Kraken Futures PF_BNBUSD−0.0074%1h802.89−0.010%$2.6M$969K50xas long as short
GRVT BNB_USDT_Perp0.0000%8h803.05+0.010%$3.0M$28.0M10xas long as short
StandX BNB-USD0.0000%1h803.38+0.051%$868K$2.9M30xas long as short
gTrade (Gains Network) BNB/USDL +0.0008% / S −0.0007%1h803.06+0.011%$9.8M150xas long as short
Variational Omni BNB+0.0027%8h802.45−0.065%$4.2M$5.4Mas long as short
BingX BNB-USDT+0.0052%8h802.55−0.052%$34.8Mas long as short
Bybit BNBUSDT+0.0060%8h802.61−0.045%$139.3M$78.6M75xas long as short
Coinbase International BNB-PERP-INTX+0.0072%1h800.72−0.280%$607K$995K50xas long as short
Show all 46 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter BNB+0.0096%1h802.79−0.023%$2.8M$4.1M20xas long as short
Nado BNB-PERP+0.0100%1h802.71−0.033%$1.4M$2.7M20xas long as short
Pacifica BNB+0.0100%1h802.76−0.026%$1.2M$926K20xas long as short
OKX BNB-USDT-SWAP+0.0100%8h802.80−0.021%$54.7M$113.7M50xas long as short
Arcus BNB-USD+0.0100%1h803.00+0.004%$53K$133K10xas long as short
Gate BNB_USDT+0.0100%8h802.45−0.065%$35.9M$57.7M75xas long as short
KuCoin BNBUSDTM+0.0100%8h802.38−0.073%$28.1M$10.3M75xas long as short
Bitget BNBUSDT+0.0100%8h802.20−0.096%$79.6M$27.4M75xas long as short
edgeX BNBUSDC+0.0100%4h803.19+0.027%$4.2M$77.8M30xas long as short
ApeX Omni BNBUSDT+0.0100%1h803.25+0.035%$162K$442K50xas long as short
Polymarket Perps BNB-USD+0.0100%1h802.91−0.007%$119K$873K10xas long as short
Orderly PERP_BNB_USDC+0.0100%8h802.99+0.003%$388K$497K50xas long as short
Derive BNB-PERP+0.0100%1h803.24+0.034%$32K$5K10xas long as short
SunX BNB-USDT+0.0100%8h803.58+0.076%$13K$1.7M50xas long as short
HTX BNB-USDT+0.0100%8h803.23+0.032%$8.2M$8.0M75xas long as short
Paradex BNB-USD-PERP+0.0100%8h803.33+0.044%$78K$19K50xas long as short
Aster BNBUSDT+0.0104%8h803.21+0.030%$6.4M$19.0M200xas long as short
Extended BNB-USD+0.0104%1h802.10−0.108%$1.9M$6.4M50xas long as short
Aevo BNB-PERP+0.0104%1h803.06+0.011%$386K$40K10xas long as short
Phemex BNBUSDT+0.0111%8h803.58+0.076%$70.2M$51.0M50xas long as short
SoDEX BNB-USD+0.0111%1h803.20+0.029%$395K$1.0M10xas long as short
Kalshi KXBNBPERP+0.0113%8h803.60+0.078%$110K$2.9M4.8xas long as short
MEXC BNB_USDT+0.0125%8h803.30+0.041%$83.5M$13.5M200xas long as short
Binance BNBUSDT+0.0125%8h803.48+0.064%$502.5M$817.3M75xas long as short
Phoenix BNB+0.0127%1h803.09+0.015%$173K$36K10xas long as short
Deribit BNB_USDC-PERPETUAL+0.0200%1h803.40+0.054%$1.6M$165K25xas long as short
Hibachi BNB/USDT-P+0.0232%1h803.31+0.043%$71K$43K12xas long as short
Hyperliquid BNB+0.0232%1h803.33+0.045%$52.1M$21.4M10xas long as short
BloFin BNB-USDT+0.0245%8h803.67+0.087%$18.2M$2.6M75xas long as short
RISEx BNB/USDC+0.0258%1h802.88−0.011%$1.1M$1.4M20xas long as short
Injective BNB/USDC PERP+0.0306%1h805.09+0.264%$19K$789K30xas long as short
Bulk BNB-USD+0.0309%1h803.58+0.076%$653K$20K10xas long as short
Reya BNBRUSDPERP+0.0332%1h802.58−0.049%$6K$3K40xas long as short
Backpack BNB_USDC_PERP+0.0363%1h803.70+0.091%$2.7M$5.7M40xas long as short
01 Exchange BNBUSDshort+0.0368%1h803.37+0.050%$28K$1K10x
dYdX BNB-USD+0.0457%1h802.89−0.010%$162K$62K10xas long as short