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Funding arb · Price arb /

BNB

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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 01:00 UTC+0.0360%/8h= +39.5% APRpaid last 24h +0.108%
Price spread now: BloFin against GMX−0.110%51s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Long on GMXShort on BloFin
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
Funding pays, the price is against you. BloFin is 0.110% cheaper against GMX than usual: you would sell low and buy high (spread −0.110% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$11 on $10k: about 24 hours of funding at the current rate (+$11 a day). The two prices were read 51 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]800.16L −0.0159% / S +0.0335%get 0.0020% / 1h26m 07s$48K—200x
ShortBloFin BNB-USDT799.280.0201get 0.0201% / 8h7h 26m$18.1M$2.6M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BloFin 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
$75.67
Price spread: −0.110% → 0.000%
−$10.97
Slippage, 4 orders
no order book: not counted
Fee GMX: 6 bp × 2 orders
−$12
Fee BloFin: 6 bp × 2 orders
−$12
Net
$40.7
Costs to cover
0.240%
Break-even
3.2 days
Slippage unknown: GMX: no order-book sample; BloFin: live order book, 3 min ago. 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 BloFin live order book, 3 min ago0.81 bp6.9 bp −$78.1 bp −$8119.7 bp −$1,968doesn'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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GMX BNB/USD [WBTC.b-USDC]longL −0.0159% / S +0.0335%1h800.16long leg$48K—200x
Kraken Futures PF_BNBUSD−0.0120%1h800.13−0.003%$2.5M$1.0M50xas long as short
Hotstuff BNB-PERP−0.0080%1h799.06−0.137%$4K$23925xas long as short
BingX BNB-USDC−0.0026%8h799.78−0.047%—$13.3M—as long as short
Bybit BNBUSDT−0.0009%8h799.80−0.045%$139.0M$75.6M75xas long as short
GRVT BNB_USDT_Perp0.0000%8h799.48−0.085%$3.0M$27.5M10xas long as short
StandX BNB-USD0.0000%1h799.70−0.057%$864K$2.9M30xas long as short
Phemex BNBUSDT0.0000%8h800.48+0.040%$69.9M$50.1M50xas long as short
Variational Omni BNB+0.0003%8h799.72−0.055%$4.1M$5.2M—as long as short
gTrade (Gains Network) BNB/USDL +0.0008% / S −0.0007%1h800.14−0.002%$9.8M—150xas long as short
Show all 46 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate BNB_USDT+0.0023%8h799.85−0.038%$35.8M$56.5M75xas long as short
Injective BNB/USDC PERP+0.0033%1h805.09+0.616%$19K$789K30xas long as short
Coinbase International BNB-PERP-INTX+0.0048%1h800.35+0.024%$616K$1.1M50xas long as short
Aster BNBUSDT+0.0060%8h800.71+0.069%$6.2M$19.3M200xas long as short
MEXC BNB_USDT+0.0081%8h800.90+0.093%$83.3M$13.6M200xas long as short
Binance BNBUSDT+0.0081%8h800.50+0.043%$496.7M$810.4M75xas long as short
Lighter BNB+0.0096%1h800.46+0.038%$2.8M$4.0M20xas long as short
Phoenix BNB+0.0099%1h798.91−0.156%$172K$36K10xas long as short
Nado BNB-PERP+0.0100%1h799.30−0.107%$1.5M$2.7M20xas long as short
Pacifica BNB+0.0100%1h799.65−0.063%$1.2M$924K20xas long as short
OKX BNB-USDT-SWAP+0.0100%8h799.90−0.032%$54.3M$111.2M50xas long as short
Arcus BNB-USD+0.0100%1h799.70−0.057%$53K$133K10xas long as short
KuCoin BNBUSDTM+0.0100%8h800.00−0.020%$27.9M$10.1M75xas long as short
Bitget BNBUSDT+0.0100%8h799.96−0.025%$78.9M$27.8M75xas long as short
edgeX BNBUSDC+0.0100%4h798.99−0.145%$4.2M$76.2M30xas long as short
ApeX Omni BNBUSDT+0.0100%1h798.82−0.167%$161K$436K50xas long as short
Polymarket Perps BNB-USD+0.0100%1h800.01−0.018%$117K$878K10xas long as short
Orderly PERP_BNB_USDC+0.0100%8h800.09−0.008%$387K$458K50xas long as short
Derive BNB-PERP+0.0100%1h800.36+0.025%$32K$5K10xas long as short
SunX BNB-USDT+0.0100%8h800.78+0.078%$13K$1.7M50xas long as short
SoDEX BNB-USD+0.0100%1h800.40+0.030%$394K$1.0M10xas long as short
HTX BNB-USDT+0.0100%8h799.40−0.095%$8.2M$8.3M75xas long as short
Paradex BNB-USD-PERP+0.0100%8h800.29+0.016%$78K$18K50xas long as short
Extended BNB-USD+0.0104%1h799.62−0.067%$1.8M$6.3M50xas long as short
Aevo BNB-PERP+0.0104%1h800.14−0.002%$384K$110K10xas long as short
Bulk BNB-USD+0.0127%1h799.28−0.110%$649K$10K10xas long as short
RISEx BNB/USDC+0.0155%1h799.74−0.052%$1.1M$1.4M20xas long as short
Kalshi KXBNBPERP+0.0156%8h800.40+0.030%$90K$2.8M4.8xas long as short
Hibachi BNB/USDT-P+0.0200%1h799.61−0.068%$69K$38K12xas long as short
BloFin BNB-USDTshort+0.0201%8h799.28−0.110%$18.1M$2.6M75x
01 Exchange BNBUSD+0.0208%1h800.19+0.004%$28K$1K10xas long as short
dYdX BNB-USD+0.0225%1h799.33−0.104%$161K$63K10xas long as short
Deribit BNB_USDC-PERPETUAL+0.0300%1h800.74+0.073%$1.6M$161K25xas long as short
Hyperliquid BNB+0.0307%1h800.83+0.084%$53.2M$20.7M10xas long as short
Reya BNBRUSDPERP+0.0330%1h799.76−0.050%$6K$3K40xas long as short
Backpack BNB_USDC_PERP+0.0393%1h800.89+0.092%$2.7M$5.7M40xas long as short