Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0472%/8h= −51.6% APRpaid last 24h −0.124%

Price spread now: GMX against Paradex−0.024%7-day average — · you buy dearer than you sell

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

Long on Paradex 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—+ Points / potential airdropParadex: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$14 a day on $10k at the current rate, and GMX is 0.024% cheaper against Paradex than usual: you would sell low and buy high (−$2 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex BNB-USD-PERP	803.33	0.0100	pay 0.0100% / 8h	44m 27s	$78K	$19K	50x
Short	GMX BNB/USD [WBTC.b-USDC]	803.14	L −0.0201% / S +0.0372%	pay 0.0046% / 1h	44m 27s	$48K	—	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Paradex. 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 ParadexbpFee GMXbpOrdersPrice spread, now −0.024%Rate

Funding earned: −$99.03
Price spread: −0.024% → 0.000%: −$2.39
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee GMX: 6 bp × 2 orders: −$12
Net: −$117.41
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Paradex: no order-book sample; 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 Paradex no order-book sample	—	—	—	—	—
Sell GMX no order-book sample	—	—	—	—	—

Paradex and 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 −0.0201% / S +0.0372%	1h	803.14	−0.024%	$48K	—	200x
Hotstuff BNB-PERP	−0.0080%	1h	802.95	−0.047%	$4K	$1K	25x	as long as short
Kraken Futures PF_BNBUSD	−0.0074%	1h	802.89	−0.054%	$2.6M	$969K	50x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	803.05	−0.035%	$3.0M	$28.0M	10x	as long as short
StandX BNB-USD	0.0000%	1h	803.92	+0.074%	$869K	$2.9M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	803.16	−0.020%	$9.8M	—	150x	as long as short
Variational Omni BNB	+0.0027%	8h	802.45	−0.109%	$4.2M	$5.4M	—	as long as short
BingX BNB-USDT	+0.0052%	8h	803.16	−0.021%	—	$34.8M	—	as long as short
Bybit BNBUSDT	+0.0060%	8h	802.70	−0.078%	$139.4M	$78.6M	75x	as long as short
Coinbase International BNB-PERP-INTX	+0.0072%	1h	800.72	−0.325%	$607K	$995K	50x	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	802.79	−0.067%	$2.8M	$4.1M	20x	as long as short
Nado BNB-PERP	+0.0100%	1h	802.79	−0.067%	$1.4M	$2.7M	20x	as long as short
Pacifica BNB	+0.0100%	1h	802.76	−0.071%	$1.2M	$926K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	802.90	−0.053%	$54.7M	$113.7M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	803.00	−0.041%	$53K	$133K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	802.90	−0.053%	$36.0M	$57.7M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	802.89	−0.054%	$28.1M	$10.3M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	802.78	−0.068%	$79.6M	$27.4M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	803.19	−0.018%	$4.2M	$77.8M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	803.25	−0.010%	$162K	$442K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	802.96	−0.046%	$119K	$873K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	803.19	−0.017%	$388K	$497K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	803.24	−0.010%	$32K	$5K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	803.58	+0.031%	$13K	$1.7M	50x	as long as short
HTX BNB-USDT	+0.0100%	8h	803.23	−0.012%	$8.2M	$8.0M	75x	as long as short
Paradex BNB-USD-PERPlong	+0.0100%	8h	803.33	long leg	$78K	$19K	50x
Aster BNBUSDT	+0.0104%	8h	803.21	−0.015%	$6.4M	$19.0M	200x	as long as short
Extended BNB-USD	+0.0104%	1h	802.10	−0.152%	$1.9M	$6.4M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	803.06	−0.033%	$386K	$40K	10x	as long as short
Phemex BNBUSDT	+0.0111%	8h	803.58	+0.032%	$70.2M	$51.0M	50x	as long as short
SoDEX BNB-USD	+0.0111%	1h	803.20	−0.016%	$395K	$1.0M	10x	as long as short
Kalshi KXBNBPERP	+0.0113%	8h	803.60	+0.034%	$110K	$2.9M	4.8x	as long as short
MEXC BNB_USDT	+0.0125%	8h	803.70	+0.046%	$83.6M	$13.5M	200x	as long as short
Binance BNBUSDT	+0.0125%	8h	803.75	+0.053%	$502.7M	$817.3M	75x	as long as short
Phoenix BNB	+0.0127%	1h	803.09	−0.029%	$173K	$36K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0200%	1h	803.40	+0.010%	$1.6M	$165K	25x	as long as short
Hibachi BNB/USDT-P	+0.0232%	1h	803.31	−0.002%	$71K	$43K	12x	as long as short
Hyperliquid BNB	+0.0235%	1h	803.86	+0.067%	$52.1M	$21.4M	10x	as long as short
BloFin BNB-USDT	+0.0245%	8h	803.67	+0.043%	$18.2M	$2.6M	75x	as long as short
RISEx BNB/USDC	+0.0258%	1h	802.88	−0.056%	$1.1M	$1.4M	20x	as long as short
Injective BNB/USDC PERP	+0.0306%	1h	805.09	+0.219%	$19K	$789K	30x	as long as short
Bulk BNB-USD	+0.0309%	1h	803.58	+0.032%	$653K	$20K	10x	as long as short
Reya BNBRUSDPERP	+0.0332%	1h	802.71	−0.076%	$6K	$3K	40x	as long as short
Backpack BNB_USDC_PERP	+0.0363%	1h	803.70	+0.046%	$2.7M	$5.7M	40x	as long as short
01 Exchange BNBUSD	+0.0368%	1h	803.37	+0.005%	$28K	$1K	10x	as long as short
dYdX BNB-USD	+0.0457%	1h	802.89	−0.055%	$162K	$62K	10x	as long as short