Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0447%/8h= −48.9% APRpaid last 24h −0.120%

Price spread now: GMX against KuCoin+0.003%7-day average — · you sell dearer than you buy

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

Long on KuCoin Short on GMX

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

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$13 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin BNBUSDTM	790.31	0.0100	pay 0.0100% / 8h	5h 01m	$27.7M	$10.3M	75x
Short	GMX BNB/USD [WBTC.b-USDC]	790.33	L −0.0181% / S +0.0347%	pay 0.0043% / 1h	1m 08s	$46K	—	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against KuCoin. 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 KuCoinbpFee GMXbpOrdersPrice spread, now +0.003%Rate

Funding earned: −$93.83
Price spread: +0.003% → 0.000%: $0.3
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee GMX: 6 bp × 2 orders: −$12
Net: −$117.53
Costs to cover: 0.240%
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 3 min ago; GMX: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy KuCoin live order book, 3 min ago	0.57 bp	8.4 bp −$8	18.1 bp −$181	doesn't fit	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

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]short	L −0.0181% / S +0.0347%	1h	790.33	+0.003%	$46K	—	200x
Hotstuff BNB-PERP	−0.0080%	1h	790.73	+0.053%	$4K	$239	25x	as long as short
StandX BNB-USD	0.0000%	1h	790.94	+0.080%	$855K	$3.1M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	790.34	+0.004%	$9.6M	—	150x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+1.870%	$19K	$789K	30x	as long as short
Aster BNBUSDT	+0.0047%	8h	791.07	+0.097%	$6.2M	$18.7M	200x	as long as short
Coinbase International BNB-PERP-INTX	+0.0048%	1h	790.10	−0.027%	$590K	$1.9M	50x	as long as short
BingX BNB-USDC	+0.0058%	8h	790.64	+0.042%	—	$13.4M	—	as long as short
Phemex BNBUSDT	+0.0062%	8h	790.98	+0.085%	$69.3M	$50.3M	50x	as long as short
MEXC BNB_USDT	+0.0071%	8h	791.50	+0.151%	$80.4M	$12.5M	200x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance BNBUSDT	+0.0071%	8h	791.22	+0.116%	$493.9M	$790.5M	75x	as long as short
Kraken Futures PF_BNBUSD	+0.0091%	1h	790.34	+0.004%	$2.5M	$1.2M	50x	as long as short
Lighter BNB	+0.0096%	1h	790.64	+0.042%	$2.7M	$3.9M	20x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	790.59	+0.035%	$266K	$498K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	789.90	−0.052%	$1.5M	$2.6M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	791.08	+0.097%	$51.9M	$17.5M	10x	as long as short
Pacifica BNB	+0.0100%	1h	790.49	+0.022%	$1.2M	$914K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	790.50	+0.024%	$139.1M	$75.5M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	790.20	−0.014%	$53.4M	$111.7M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	790.50	+0.024%	$52K	$130K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	790.40	+0.011%	$35.5M	$57.6M	75x	as long as short
KuCoin BNBUSDTMlong	+0.0100%	8h	790.31	long leg	$27.7M	$10.3M	75x
Bitget BNBUSDT	+0.0100%	8h	790.10	−0.027%	$76.6M	$30.3M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	790.94	+0.080%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	789.99	−0.041%	$4.1M	$4.6M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	790.24	−0.009%	$4.1M	$74.8M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	790.11	−0.025%	$159K	$441K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	790.21	−0.013%	$133K	$948K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	790.65	+0.042%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	790.88	+0.072%	$12K	$1.5M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	790.60	+0.037%	$389K	$1.0M	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	789.97	−0.043%	$8.1M	$9.3M	75x	as long as short
Paradex BNB-USD-PERP	+0.0102%	8h	790.94	+0.080%	$77K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	789.98	−0.041%	$1.8M	$5.9M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	790.40	+0.011%	$380K	$110K	10x	as long as short
Phoenix BNB	+0.0107%	1h	790.39	+0.010%	$170K	$35K	10x	as long as short
GRVT BNB_USDT_Perp	+0.0138%	8h	790.74	+0.054%	$2.9M	$28.0M	10x	as long as short
Kalshi KXBNBPERP	+0.0182%	8h	790.70	+0.049%	$105K	$2.7M	4.8x	as long as short
BloFin BNB-USDT	+0.0191%	8h	790.83	+0.066%	$18.2M	$2.2M	75x	as long as short
dYdX BNB-USD	+0.0193%	1h	790.34	+0.004%	$160K	$64K	10x	as long as short
01 Exchange BNBUSD	+0.0272%	1h	790.85	+0.068%	$28K	$4K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	790.95	+0.080%	$1.5M	$143K	25x	as long as short
Reya BNBRUSDPERP	+0.0327%	1h	789.99	−0.041%	$6K	$3K	40x	as long as short
Bulk BNB-USD	+0.0338%	1h	790.78	+0.059%	$640K	$9K	10x	as long as short
RISEx BNB/USDC	+0.0361%	1h	790.62	+0.039%	$1.1M	$979K	20x	as long as short
Hibachi BNB/USDT-P	+0.0568%	1h	790.39	+0.010%	$68K	$38K	12x	as long as short