Settings8H · net · $10k
Funding arb · Price arb /

BNB

all BNB markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC+0.0539%/8h= +59.0% APRnext payment +$0.67 per $10,000 · paid last 24h +0.136%
Price spread now: 01 Exchange against GMX+0.117%47s7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
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 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work for this trade now. Funding pays +$16 a day on $10k at the current rate, and 01 Exchange is 0.117% dearer against GMX than usual: you sell high and buy low: +$12 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 47 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]804.95L −0.0195% / S +0.0371%get 0.0024% / 1h49m 36s$49K200x
Short01 Exchange BNBUSD805.890.0344get 0.0043% / 1h49m 36s$29K$1K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

01 Exchange 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
$113.13
Price spread: +0.117% → 0.000%
$11.65
Slippage, 4 orders
no order book: not counted
Fee GMX: 6 bp × 2 orders
−$12
Fee 01 Exchange: 3.5 bp × 2 orders
−$7
Net
$105.78
Costs to cover
0.190%
Break-even
0.5 days
Slippage unknown: GMX: no order-book sample; 01 Exchange: 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
LegHalf-spread$10k$100k$1M$5M
Buy GMX no order-book sample
Sell 01 Exchange no order-book sample
GMX and 01 Exchange: 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 −0.0195% / S +0.0371%1h804.95long leg$49K200x
Hotstuff BNB-PERP−0.0080%1h805.58+0.078%$4K$1K25xas long as short
GRVT BNB_USDT_Perp0.0000%8h806.78+0.227%$3.0M$29.4M10xas long as short
Kalshi KXBNBPERP0.0000%8h805.80+0.105%$108K$2.5M4.8xas long as short
StandX BNB-USD0.0000%1h804.94−0.002%$870K$2.8M30xas long as short
gTrade (Gains Network) BNB/USDL +0.0008% / S −0.0007%1h804.97+0.002%$9.8M150xas long as short
Variational Omni BNB+0.0047%8h804.38−0.071%$4.1M$5.3Mas long as short
Hibachi BNB/USDT-P+0.0048%1h805.11+0.019%$71K$48K12xas long as short
BingX BNB-USDC+0.0057%8h805.28+0.041%$13.3Mas long as short
Bybit BNBUSDT+0.0084%8h804.78−0.021%$139.5M$82.0M75xas long as short
Show all 46 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter BNB+0.0096%1h805.44+0.061%$2.8M$4.2M20xas long as short
Coinbase International BNB-PERP-INTX+0.0096%1h805.76+0.100%$608K$882K50xas long as short
Nado BNB-PERP+0.0100%1h805.05+0.012%$1.5M$2.8M20xas long as short
Pacifica BNB+0.0100%1h805.33+0.047%$1.2M$924K20xas long as short
OKX BNB-USDT-SWAP+0.0100%8h804.90−0.006%$55.1M$116.1M50xas long as short
Arcus BNB-USD+0.0100%1h805.50+0.068%$53K$170K10xas long as short
Gate BNB_USDT+0.0100%8h805.00+0.006%$36.2M$57.2M75xas long as short
KuCoin BNBUSDTM+0.0100%8h805.05+0.012%$28.2M$10.5M75xas long as short
Bitget BNBUSDT+0.0100%8h804.77−0.023%$78.7M$25.0M75xas long as short
edgeX BNBUSDC+0.0100%4h805.44+0.061%$4.2M$76.5M30xas long as short
ApeX Omni BNBUSDT+0.0100%1h805.60+0.080%$162K$439K50xas long as short
Polymarket Perps BNB-USD+0.0100%1h805.08+0.016%$116K$870K10xas long as short
Orderly PERP_BNB_USDC+0.0100%8h805.05+0.012%$389K$592K50xas long as short
Derive BNB-PERP+0.0100%1h805.30+0.044%$32K$5K10xas long as short
SunX BNB-USDT+0.0100%8h805.23+0.034%$13K$1.7M50xas long as short
HTX BNB-USDT+0.0100%8h805.15+0.024%$8.2M$7.6M75xas long as short
Paradex BNB-USD-PERP+0.0100%8h805.97+0.126%$79K$19K50xas long as short
Aster BNBUSDT+0.0103%8h805.76+0.100%$6.4M$18.8M200xas long as short
Extended BNB-USD+0.0104%1h804.68−0.034%$1.9M$6.0M50xas long as short
Aevo BNB-PERP+0.0104%1h805.22+0.034%$387K$40K10xas long as short
MEXC BNB_USDT+0.0117%8h806.00+0.130%$84.6M$13.3M200xas long as short
Binance BNBUSDT+0.0118%8h805.78+0.103%$520.6M$805.4M75xas long as short
Phemex BNBUSDT+0.0134%8h805.64+0.085%$70.3M$51.9M50xas long as short
Hyperliquid BNB+0.0151%1h805.86+0.113%$51.8M$22.0M10xas long as short
SoDEX BNB-USD+0.0154%1h805.20+0.031%$396K$1.0M10xas long as short
Phoenix BNB+0.0155%1h805.39+0.054%$173K$35K10xas long as short
dYdX BNB-USD+0.0185%1h805.13+0.022%$162K$63K10xas long as short
Kraken Futures PF_BNBUSD+0.0205%1h805.03+0.009%$2.5M$932K50xas long as short
BloFin BNB-USDT+0.0238%8h805.41+0.057%$18.8M$3.1M75xas long as short
Bulk BNB-USD+0.0274%1h805.55+0.074%$651K$14K10xas long as short
Deribit BNB_USDC-PERPETUAL+0.0300%1h805.54+0.074%$1.6M$165K25xas long as short
Injective BNB/USDC PERP+0.0311%1h805.09+0.017%$19K$789K30xas long as short
RISEx BNB/USDC+0.0318%1h805.37+0.052%$1.1M$1.4M20xas long as short
Reya BNBRUSDPERP+0.0333%1h804.78−0.022%$6K$3K40xas long as short
01 Exchange BNBUSDshort+0.0344%1h805.89+0.117%$29K$1K10x
Backpack BNB_USDC_PERP+0.0716%1h806.19+0.154%$3.0M$5.5M40xas long as short