BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0533%/8h= −58.3% APRnext payment −$0.67 per $10,000 · paid last 24h −0.183%

Price spread now: GMX against Bulk−0.146%7-day average — · you buy dearer than you sell

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

Long on Bulk 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

Both sides work against this trade now: funding costs −$16 a day on $10k at the current rate, and GMX is 0.146% cheaper against Bulk than usual: you would sell low and buy high (−$15 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	Bulk BNB-USD	803.45	0.0161	pay 0.0020% / 1h	48m 48s	$649K	$11K	10x
Short	GMX BNB/USD [WBTC.b-USDC]	802.28	L −0.0195% / S +0.0371%	pay 0.0046% / 1h	48m 48s	$48K	—	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Bulk. 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 BulkbpFee GMXbpOrdersPrice spread, now −0.146%Rate

Funding earned: −$111.85
Price spread: −0.146% → 0.000%: −$14.57
Slippage, 4 orders: no order book: not counted
Fee Bulk: 3.5 bp × 2 orders: −$7
Fee GMX: 6 bp × 2 orders: −$12
Net: −$145.42
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: Bulk: live order book, 40 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 Bulk live order book, 40 min ago	0.31 bp	3.8 bp −$4	4.4 bp −$44	7.8 bp −$780	21.5 bp −$10.8K
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	802.28	−0.146%	$48K	—	200x
Hotstuff BNB-PERP	−0.0080%	1h	802.82	−0.079%	$4K	$1K	25x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	803.08	−0.046%	$3.0M	$30.0M	10x	as long as short
Kalshi KXBNBPERP	0.0000%	8h	802.90	−0.069%	$109K	$2.5M	4.8x	as long as short
StandX BNB-USD	0.0000%	1h	803.33	−0.015%	$868K	$3.0M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	802.22	−0.154%	$9.7M	—	150x	as long as short
Kraken Futures PF_BNBUSD	+0.0038%	1h	802.31	−0.142%	$2.5M	$916K	50x	as long as short
Variational Omni BNB	+0.0063%	8h	802.15	−0.161%	$4.1M	$5.3M	—	as long as short
BingX BNB-USDC	+0.0070%	8h	802.36	−0.136%	—	$13.3M	—	as long as short
Aster BNBUSDT	+0.0085%	8h	802.78	−0.084%	$6.4M	$18.9M	200x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International BNB-PERP-INTX	+0.0088%	1h	803.99	+0.067%	$608K	$898K	50x	as long as short
Bybit BNBUSDT	+0.0096%	8h	801.94	−0.188%	$138.7M	$83.0M	75x	as long as short
Lighter BNB	+0.0096%	1h	802.57	−0.110%	$2.8M	$4.2M	20x	as long as short
Nado BNB-PERP	+0.0100%	1h	801.89	−0.194%	$1.4M	$2.8M	20x	as long as short
Pacifica BNB	+0.0100%	1h	802.65	−0.100%	$1.2M	$923K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	802.40	−0.131%	$54.9M	$115.1M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	802.50	−0.118%	$52K	$191K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	802.00	−0.181%	$35.9M	$58.2M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	802.10	−0.168%	$28.1M	$10.5M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	802.00	−0.181%	$78.9M	$24.6M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	803.76	+0.038%	$4.2M	$76.8M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	803.32	−0.016%	$158K	$437K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	802.18	−0.158%	$118K	$869K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	802.21	−0.154%	$388K	$595K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	802.42	−0.128%	$32K	$5K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	802.83	−0.078%	$13K	$1.7M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	802.30	−0.143%	$395K	$1.0M	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0100%	1h	802.72	−0.091%	$1.6M	$162K	25x	as long as short
HTX BNB-USDT	+0.0100%	8h	802.58	−0.108%	$8.2M	$7.4M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	802.90	−0.068%	$78K	$19K	50x	as long as short
Binance BNBUSDT	+0.0102%	8h	803.10	−0.043%	$518.0M	$807.3M	75x	as long as short
MEXC BNB_USDT	+0.0102%	8h	803.30	−0.019%	$84.3M	$13.5M	200x	as long as short
Extended BNB-USD	+0.0104%	1h	801.85	−0.199%	$1.9M	$6.1M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	802.35	−0.137%	$385K	$40K	10x	as long as short
Phemex BNBUSDT	+0.0123%	8h	802.78	−0.084%	$70.1M	$51.6M	50x	as long as short
Phoenix BNB	+0.0125%	1h	803.11	−0.042%	$173K	$35K	10x	as long as short
Bulk BNB-USDlong	+0.0161%	1h	803.45	long leg	$649K	$11K	10x
Hyperliquid BNB	+0.0161%	1h	803.07	−0.047%	$51.6M	$21.3M	10x	as long as short
dYdX BNB-USD	+0.0207%	1h	802.35	−0.137%	$170K	$55K	10x	as long as short
RISEx BNB/USDC	+0.0209%	1h	802.63	−0.102%	$1.1M	$1.4M	20x	as long as short
BloFin BNB-USDT	+0.0222%	8h	802.79	−0.082%	$18.8M	$3.1M	75x	as long as short
Hibachi BNB/USDT-P	+0.0248%	1h	802.79	−0.082%	$71K	$48K	12x	as long as short
01 Exchange BNBUSD	+0.0320%	1h	802.94	−0.064%	$28K	$1K	10x	as long as short
Reya BNBRUSDPERP	+0.0335%	1h	801.97	−0.184%	$6K	$3K	40x	as long as short
Injective BNB/USDC PERP	+0.0353%	1h	804.92	+0.183%	$19K	$526K	30x	as long as short
Backpack BNB_USDC_PERP	+0.0682%	1h	803.45	0.000%	$3.0M	$5.3M	40x	as long as short