Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC−0.0449%/8hpaid last 24h −0.127%

Price spread now: GMX against BingX−0.002%7-day average — · you buy dearer than you sell

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

Long on BingX 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	BingX BNB-USDT	800.29	0.0078	pay 0.0078% / 8h	3h 54m	—	$33.8M	—
Short	GMX BNB/USD [WBTC.b-USDC]	800.27	L −0.0195% / S +0.0371%	pay 0.0046% / 1h	54m 06s	$48K	—	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against BingX. 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 BingXbpFee GMXbpOrdersPrice spread, now −0.002%Rate

Funding earned: −$94.39
Price spread: −0.002% → 0.000%: −$0.19
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee GMX: 6 bp × 2 orders: −$12
Net: −$116.58
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: BingX: live order book, 4 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 BingX live order book, 4 min ago	0.13 bp	5.3 bp −$5	6.0 bp −$60	10.3 bp −$1,027	20.7 bp −$10.4K
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 −0.0195% / S +0.0371%	1h	800.27	−0.002%	$48K	—	200x
Hotstuff BNB-PERP	−0.0080%	1h	800.23	−0.007%	$4K	$1K	25x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	800.78	+0.062%	$3.0M	$29.8M	10x	as long as short
Kalshi KXBNBPERP	0.0000%	8h	800.50	+0.026%	$107K	$2.7M	4.8x	as long as short
StandX BNB-USD	0.0000%	1h	800.09	−0.025%	$865K	$3.0M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0008%	1h	800.27	−0.002%	$9.7M	—	150x	as long as short
Coinbase International BNB-PERP-INTX	+0.0064%	1h	800.07	−0.027%	$601K	$896K	50x	as long as short
Variational Omni BNB	+0.0072%	8h	799.67	−0.077%	$4.1M	$5.5M	—	as long as short
BingX BNB-USDTlong	+0.0078%	8h	800.29	long leg	—	$33.8M	—
Aster BNBUSDT	+0.0089%	8h	800.61	+0.040%	$6.3M	$18.8M	200x	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	800.60	+0.038%	$2.9M	$4.1M	20x	as long as short
MEXC BNB_USDT	+0.0096%	8h	801.30	+0.126%	$84.0M	$14.7M	200x	as long as short
Binance BNBUSDT	+0.0096%	8h	800.88	+0.073%	$516.6M	$801.0M	75x	as long as short
Nado BNB-PERP	+0.0100%	1h	799.74	−0.069%	$1.4M	$2.8M	20x	as long as short
Pacifica BNB	+0.0100%	1h	800.10	−0.024%	$1.2M	$916K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	799.90	−0.049%	$138.3M	$85.6M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	800.00	−0.036%	$54.9M	$116.0M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	800.40	+0.014%	$52K	$222K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	799.90	−0.049%	$35.9M	$57.8M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	800.06	−0.029%	$28.0M	$10.4M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	799.88	−0.051%	$78.5M	$24.5M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	800.77	+0.059%	$4.2M	$76.1M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	800.27	−0.002%	$158K	$438K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	799.95	−0.042%	$120K	$877K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	800.32	+0.004%	$387K	$601K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	800.38	+0.011%	$32K	$5K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	800.49	+0.025%	$12K	$1.7M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	800.40	+0.014%	$394K	$1.0M	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	799.95	−0.043%	$8.2M	$7.0M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	800.66	+0.046%	$78K	$19K	50x	as long as short
Phemex BNBUSDT	+0.0103%	8h	800.80	+0.064%	$70.0M	$51.2M	50x	as long as short
Extended BNB-USD	+0.0104%	1h	799.91	−0.048%	$1.9M	$6.4M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	800.55	+0.033%	$385K	$40K	10x	as long as short
Bulk BNB-USD	+0.0105%	1h	800.16	−0.016%	$649K	$4K	10x	as long as short
Phoenix BNB	+0.0110%	1h	800.42	+0.016%	$172K	$35K	10x	as long as short
Kraken Futures PF_BNBUSD	+0.0132%	1h	800.38	+0.012%	$2.5M	$911K	50x	as long as short
RISEx BNB/USDC	+0.0143%	1h	800.20	−0.011%	$1.1M	$1.5M	20x	as long as short
Injective BNB/USDC PERP	+0.0157%	1h	800.33	+0.005%	$19K	$423K	30x	as long as short
Hyperliquid BNB	+0.0159%	1h	800.91	+0.077%	$51.4M	$21.5M	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0200%	1h	800.76	+0.059%	$1.6M	$159K	25x	as long as short
BloFin BNB-USDT	+0.0216%	8h	800.26	−0.004%	$18.8M	$3.0M	75x	as long as short
Hibachi BNB/USDT-P	+0.0264%	1h	800.14	−0.019%	$70K	$47K	12x	as long as short
01 Exchange BNBUSD	+0.0280%	1h	800.81	+0.065%	$28K	$1K	10x	as long as short
Reya BNBRUSDPERP	+0.0335%	1h	799.75	−0.067%	$9K	—	40x	as long as short
dYdX BNB-USD	+0.0405%	1h	800.30	+0.001%	$169K	$55K	10x	as long as short
Backpack BNB_USDC_PERP	+0.0700%	1h	801.36	+0.134%	$3.0M	$5.3M	40x	as long as short