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Funding arb · Price arb /

BNB

all BNB markets
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Alert: funding
Measured
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Alert: spread
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Funding you earn now, next payment 09:00 UTC+0.0275%/8h= +30.1% APRnext payment +$0.34 per $10,000 · paid last 24h +0.145%
Price spread now: dYdX against GMX−0.060%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Long on GMXShort on dYdX
What this pair did over the last
the charts below follow
Funding, last 4 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. dYdX is 0.060% cheaper against GMX than usual: you would sell low and buy high (spread −0.060% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$6 on $10k: about 17 hours of funding at the current rate (+$8 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGMX BNB/USD [WBTC.b-USDC]786.16L −0.0168% / S +0.0337%get 0.0021% / 1h41m 40s$43K—200x
ShortdYdX BNB-USD785.690.0107get 0.0013% / 1h41m 40s$157K$64K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

dYdX 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
$57.76
Price spread: −0.060% → 0.000%
−$5.95
Slippage, 4 orders
no order book: not counted
Fee GMX: 6 bp × 2 orders
−$12
Fee dYdX: 5 bp × 2 orders
−$10
Net
$29.81
Costs to cover
0.220%
Break-even
3.4 days
Slippage unknown: GMX: no order-book sample; dYdX: live order book, 57 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 dYdX live order book, 57 min ago10.36 bp17.5 bp −$1752.9 bp −$52964.1 bp −$6,408267.0 bp −$133.5K
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 −0.0168% / S +0.0337%1h786.16long leg$43K—200x
Hotstuff BNB-PERP−0.0080%1h787.29+0.143%$4K—25xas long as short
Kraken Futures PF_BNBUSD−0.0021%1h786.04−0.015%$2.5M$1.2M50xas long as short
GRVT BNB_USDT_Perp0.0000%8h787.44+0.162%$3.0M$27.6M10xas long as short
StandX BNB-USD0.0000%1h787.05+0.113%$849K$2.7M30xas long as short
gTrade (Gains Network) BNB/USDL +0.0007% / S −0.0007%1h786.22+0.007%$9.5M—150xas long as short
Aster BNBUSDT+0.0025%8h786.170.000%$6.0M$18.5M200xas long as short
Injective BNB/USDC PERP+0.0033%1h805.09+2.408%$19K$789K30xas long as short
BingX BNB-USDC+0.0036%8h785.93−0.030%—$13.4M—as long as short
Binance BNBUSDT+0.0041%8h786.09−0.010%$489.1M$812.4M75xas long as short
Show all 46 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC BNB_USDT+0.0041%8h787.30+0.145%$82.4M$12.2M200xas long as short
Lighter BNB+0.0096%1h785.74−0.053%$2.7M$3.6M20xas long as short
Nado BNB-PERP+0.0100%1h785.85−0.040%$1.3M$2.6M20xas long as short
Hyperliquid BNB+0.0100%1h786.28+0.015%$51.6M$17.6M10xas long as short
Pacifica BNB+0.0100%1h785.86−0.038%$1.2M$937K20xas long as short
Bybit BNBUSDT+0.0100%8h785.45−0.091%$138.3M$73.2M75xas long as short
OKX BNB-USDT-SWAP+0.0100%8h785.50−0.084%$53.4M$111.0M50xas long as short
Arcus BNB-USD+0.0100%1h785.80−0.046%$52K$125K10xas long as short
Gate BNB_USDT+0.0100%8h785.60−0.072%$39.2M$55.5M75xas long as short
KuCoin BNBUSDTM+0.0100%8h785.34−0.105%$27.7M$10.2M75xas long as short
Bitget BNBUSDT+0.0100%8h785.50−0.084%$75.4M$32.5M75xas long as short
Backpack BNB_USDC_PERP+0.0100%1h786.39+0.029%$2.2M$6.1M40xas long as short
Variational Omni BNB+0.0100%8h786.82+0.084%$4.3M$4.9M—as long as short
edgeX BNBUSDC+0.0100%4h787.34+0.150%$4.1M$76.9M30xas long as short
ApeX Omni BNBUSDT+0.0100%1h787.16+0.127%$158K$439K50xas long as short
Polymarket Perps BNB-USD+0.0100%1h786.45+0.037%$131K$942K10xas long as short
Orderly PERP_BNB_USDC+0.0100%8h786.23+0.009%$264K$358K50xas long as short
Derive BNB-PERP+0.0100%1h786.51+0.044%$31K$12K10xas long as short
SunX BNB-USDT+0.0100%8h786.55+0.050%$12K$1.5M50xas long as short
SoDEX BNB-USD+0.0100%1h786.30+0.018%$387K$946K10xas long as short
HTX BNB-USDT+0.0100%8h786.13−0.003%$8.0M$10.3M75xas long as short
Paradex BNB-USD-PERP+0.0100%8h786.14−0.003%$78K$17K50xas long as short
Extended BNB-USD+0.0104%1h785.25−0.116%$1.8M$5.8M50xas long as short
Aevo BNB-PERP+0.0104%1h786.13−0.005%$378K$110K10xas long as short
dYdX BNB-USDshort+0.0107%1h785.69−0.060%$157K$64K10x
Kalshi KXBNBPERP+0.0113%8h786.70+0.068%$159K$2.6M4.8xas long as short
Coinbase International BNB-PERP-INTX+0.0120%1h786.59+0.054%$548K$1.9M50xas long as short
Phoenix BNB+0.0120%1h787.48+0.168%$158K$38K10xas long as short
Phemex BNBUSDT+0.0153%8h786.83+0.085%$68.6M$51.2M50xas long as short
BloFin BNB-USDT+0.0163%8h786.56+0.051%$17.7M$2.2M75xas long as short
Deribit BNB_USDC-PERPETUAL+0.0200%1h786.64+0.060%$1.5M$141K25xas long as short
Bulk BNB-USD+0.0215%1h787.68+0.193%$638K$83110xas long as short
01 Exchange BNBUSD+0.0232%1h786.05−0.014%$28K$3K10xas long as short
Reya BNBRUSDPERP+0.0319%1h785.96−0.026%$6K$3K40xas long as short
RISEx BNB/USDC+0.0355%1h785.88−0.036%$1.1M$911K20xas long as short
Hibachi BNB/USDT-P+0.0416%1h786.70+0.069%$67K$39K12xas long as short