Funding you earn now, next payment 03:00 UTC−0.0435%/8h= −47.6% APRnext payment −$0.54 per $10,000 · paid last 24h −0.167%
Price spread now: GMX against Backpack−0.134%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
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
Both sides work against this trade now: funding costs −$13 a day on $10k at the current rate, and GMX is 0.134% cheaper against Backpack than usual: you would sell low and buy high (−$13 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 | Backpack BNB_USDC_PERP | 788.87 | 0.0100 | pay 0.0013% / 1h | 44m 24s | $2.2M | $6.1M | 40x |
| Short | GMX BNB/USD [WBTC.b-USDC] | 787.82 | L −0.0167% / S +0.0335% | pay 0.0042% / 1h | 44m 24s | $46K | — | 200x |
Backpack BNB_USDC_PERP
GMX BNB/USD [WBTC.b-USDC]Funding history
latest
Range statsloading…
Price spread between the two exchanges
GMX against Backpack. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$91.25
- Price spread: −0.134% → 0.000%
- −$13.35
- Slippage, 4 orders
- no order book: not counted
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- −$126.6
- Costs to cover
- 0.220%
- Break-even
- never at this rate
Slippage unknown: Backpack: live order book, 5 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 Backpack live order book, 5 min ago | 0.06 bp | 5.1 bp −$5 | 7.8 bp −$78 | doesn't fit | doesn't fit |
| 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 −0.0167% / S +0.0335% | 1h | 787.82 | −0.134% | $46K | — | 200x | |
| Hotstuff BNB-PERP | −0.0080% | 1h | 788.62 | −0.032% | $4K | $239 | 25x | as long as short |
| StandX BNB-USD | 0.0000% | 1h | 788.83 | −0.005% | $852K | $3.2M | 30x | as long as short |
| gTrade (Gains Network) BNB/USD | L +0.0008% / S −0.0007% | 1h | 787.90 | −0.123% | $9.6M | — | 150x | as long as short |
| Injective BNB/USDC PERP | +0.0033% | 1h | 805.09 | +2.056% | $19K | $789K | 30x | as long as short |
| Aster BNBUSDT | +0.0037% | 8h | 788.83 | −0.005% | $6.2M | $18.7M | 200x | as long as short |
| Coinbase International BNB-PERP-INTX | +0.0048% | 1h | 787.61 | −0.160% | $617K | $1.8M | 50x | as long as short |
| BingX BNB-USDC | +0.0055% | 8h | 788.27 | −0.076% | — | $13.4M | — | as long as short |
| MEXC BNB_USDT | +0.0072% | 8h | 789.00 | +0.016% | $80.2M | $12.4M | 200x | as long as short |
| Binance BNBUSDT | +0.0072% | 8h | 788.63 | −0.030% | $493.4M | $806.9M | 75x | as long as short |
Hotstuff BNB-PERP
StandX BNB-USD
gTrade (Gains Network) BNB/USD
Injective BNB/USDC PERP
Aster BNBUSDT
Coinbase International BNB-PERP-INTX
BingX BNB-USDC
MEXC BNB_USDT
Binance BNBUSDTShow all 46 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phemex BNBUSDT | +0.0075% | 8h | 788.89 | +0.003% | $69.1M | $51.1M | 50x | as long as short |
| Variational Omni BNB | +0.0078% | 8h | 787.81 | −0.134% | $4.1M | $4.7M | — | as long as short |
| Kraken Futures PF_BNBUSD | +0.0091% | 1h | 788.42 | −0.058% | $2.5M | $1.2M | 50x | as long as short |
| Gate BNB_USDT | +0.0095% | 8h | 787.95 | −0.117% | $35.3M | $56.8M | 75x | as long as short |
| Lighter BNB | +0.0096% | 1h | 788.57 | −0.038% | $2.7M | $3.9M | 20x | as long as short |
| Orderly PERP_BNB_USDC | +0.0100% | 8h | 788.18 | −0.087% | $265K | $498K | 50x | as long as short |
| Nado BNB-PERP | +0.0100% | 1h | 788.05 | −0.104% | $1.5M | $2.6M | 20x | as long as short |
| Hyperliquid BNB | +0.0100% | 1h | 788.82 | −0.006% | $51.7M | $18.4M | 10x | as long as short |
| Pacifica BNB | +0.0100% | 1h | 788.45 | −0.053% | $1.2M | $909K | 20x | as long as short |
| Bybit BNBUSDT | +0.0100% | 8h | 788.00 | −0.110% | $138.6M | $77.4M | 75x | as long as short |
| OKX BNB-USDT-SWAP | +0.0100% | 8h | 788.00 | −0.110% | $53.4M | $112.4M | 50x | as long as short |
| Arcus BNB-USD | +0.0100% | 1h | 788.50 | −0.047% | $52K | $130K | 10x | as long as short |
| KuCoin BNBUSDTM | +0.0100% | 8h | 788.06 | −0.103% | $27.7M | $10.3M | 75x | as long as short |
| Bitget BNBUSDT | +0.0100% | 8h | 788.02 | −0.108% | $76.8M | $30.0M | 75x | as long as short |
| Backpack BNB_USDC_PERPlong | +0.0100% | 1h | 788.87 | long leg | $2.2M | $6.1M | 40x | |
| edgeX BNBUSDC | +0.0100% | 4h | 788.59 | −0.036% | $4.1M | $76.8M | 30x | as long as short |
| ApeX Omni BNBUSDT | +0.0100% | 1h | 789.14 | +0.034% | $159K | $439K | 50x | as long as short |
| Polymarket Perps BNB-USD | +0.0100% | 1h | 788.12 | −0.095% | $137K | $944K | 10x | as long as short |
| Derive BNB-PERP | +0.0100% | 1h | 788.61 | −0.033% | $31K | $12K | 10x | as long as short |
| SunX BNB-USDT | +0.0100% | 8h | 788.99 | +0.015% | $12K | $1.6M | 50x | as long as short |
| HTX BNB-USDT | +0.0100% | 8h | 788.38 | −0.062% | $8.1M | $9.1M | 75x | as long as short |
| Paradex BNB-USD-PERP | +0.0103% | 8h | 789.07 | +0.026% | $77K | $17K | 50x | as long as short |
| Extended BNB-USD | +0.0104% | 1h | 787.84 | −0.130% | $1.8M | $5.9M | 50x | as long as short |
| Aevo BNB-PERP | +0.0104% | 1h | 788.21 | −0.084% | $379K | $110K | 10x | as long as short |
| Phoenix BNB | +0.0107% | 1h | 788.34 | −0.067% | $169K | $35K | 10x | as long as short |
| GRVT BNB_USDT_Perp | +0.0122% | 8h | 788.59 | −0.035% | $2.9M | $28.3M | 10x | as long as short |
| SoDEX BNB-USD | +0.0151% | 1h | 788.50 | −0.047% | $388K | $1.0M | 10x | as long as short |
| Kalshi KXBNBPERP | +0.0183% | 8h | 788.30 | −0.072% | $89K | $2.8M | 4.8x | as long as short |
| BloFin BNB-USDT | +0.0192% | 8h | 789.08 | +0.027% | — | $2.3M | 75x | as long as short |
| dYdX BNB-USD | +0.0247% | 1h | 788.26 | −0.078% | $159K | $63K | 10x | as long as short |
| 01 Exchange BNBUSD | +0.0304% | 1h | 788.77 | −0.013% | $28K | $4K | 10x | as long as short |
| Reya BNBRUSDPERP | +0.0328% | 1h | 787.90 | −0.123% | $6K | $3K | 40x | as long as short |
| RISEx BNB/USDC | +0.0361% | 1h | 788.64 | −0.029% | $1.1M | $1.0M | 20x | as long as short |
| Bulk BNB-USD | +0.0373% | 1h | 788.05 | −0.104% | $638K | $13K | 10x | as long as short |
| Deribit BNB_USDC-PERPETUAL | +0.0400% | 1h | 788.94 | +0.009% | $1.5M | $152K | 25x | as long as short |
| Hibachi BNB/USDT-P | +0.0576% | 1h | 788.28 | −0.075% | $67K | $38K | 12x | as long as short |
Phemex BNBUSDT
Variational Omni BNB
Kraken Futures PF_BNBUSD
Gate BNB_USDT
Lighter BNB
Orderly PERP_BNB_USDC
Nado BNB-PERP
Hyperliquid BNB
Pacifica BNB
Bybit BNBUSDT
OKX BNB-USDT-SWAP
Arcus BNB-USD
KuCoin BNBUSDTM
Bitget BNBUSDT
edgeX BNBUSDC
ApeX Omni BNBUSDT
Polymarket Perps BNB-USD
Derive BNB-PERP
SunX BNB-USDT
HTX BNB-USDT
Paradex BNB-USD-PERP
Extended BNB-USD
Aevo BNB-PERP
Phoenix BNB
GRVT BNB_USDT_Perp
SoDEX BNB-USD
Kalshi KXBNBPERP
BloFin BNB-USDT
dYdX BNB-USD
01 Exchange BNBUSD
Reya BNBRUSDPERP
RISEx BNB/USDC
Bulk BNB-USD
Deribit BNB_USDC-PERPETUAL
Hibachi BNB/USDT-P