BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0635%/8h= −69.5% APRnext payment −$0.79 per $10,000 · paid last 24h −0.140%

Price spread now: GMX against Deribit−0.016%54s7-day average — · you buy dearer than you sell

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

Long on Deribit 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

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$19 a day on $10k at the current rate. The two prices were read 54 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit BNB_USDC-PERPETUAL	799.75	0.0300	pay 0.0037% / 1h	14m 22s	$1.6M	$161K	25x
Short	GMX BNB/USD [WBTC.b-USDC]	799.62	L −0.0159% / S +0.0335%	pay 0.0042% / 1h	14m 22s	$47K	—	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Deribit. 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 DeribitbpFee GMXbpOrdersPrice spread, now −0.016%Rate

Funding earned: −$133.25
Price spread: −0.016% → 0.000%: −$1.58
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee GMX: 6 bp × 2 orders: −$12
Net: −$153.83
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: Deribit: 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 Deribit live order book, 5 min ago	3.01 bp	7.4 bp −$7	206.6 bp −$2,066	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 −0.0159% / S +0.0335%	1h	799.62	−0.016%	$47K	—	200x
Kraken Futures PF_BNBUSD	−0.0121%	1h	799.20	−0.069%	$2.5M	$1.0M	50x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	799.75	0.000%	$4K	$239	25x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	798.67	−0.135%	$3.0M	$27.9M	10x	as long as short
StandX BNB-USD	0.0000%	1h	799.64	−0.014%	$864K	$2.9M	30x	as long as short
Gate BNB_USDT	+0.0004%	8h	799.45	−0.037%	$35.9M	$56.9M	75x	as long as short
Variational Omni BNB	+0.0005%	8h	798.43	−0.165%	$4.1M	$5.0M	—	as long as short
BingX BNB-USDC	+0.0007%	8h	798.89	−0.107%	—	$13.4M	—	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	799.66	−0.011%	$9.7M	—	150x	as long as short
Phemex BNBUSDT	+0.0026%	8h	799.88	+0.016%	$69.8M	$50.2M	50x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+0.668%	$19K	$789K	30x	as long as short
Bybit BNBUSDT	+0.0044%	8h	799.47	−0.035%	$138.8M	$76.2M	75x	as long as short
Coinbase International BNB-PERP-INTX	+0.0048%	1h	799.07	−0.085%	$615K	$1.1M	50x	as long as short
Aster BNBUSDT	+0.0053%	8h	800.07	+0.040%	$6.2M	$19.4M	200x	as long as short
MEXC BNB_USDT	+0.0074%	8h	800.60	+0.106%	$83.2M	$13.7M	200x	as long as short
Binance BNBUSDT	+0.0074%	8h	800.27	+0.065%	$496.9M	$810.9M	75x	as long as short
Lighter BNB	+0.0096%	1h	799.57	−0.023%	$2.8M	$4.0M	20x	as long as short
Phoenix BNB	+0.0099%	1h	798.98	−0.096%	$172K	$36K	10x	as long as short
Nado BNB-PERP	+0.0100%	1h	799.20	−0.069%	$1.5M	$2.7M	20x	as long as short
Pacifica BNB	+0.0100%	1h	799.58	−0.021%	$1.2M	$937K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	799.60	−0.019%	$54.3M	$111.1M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	799.60	−0.019%	$53K	$127K	10x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	799.35	−0.050%	$27.9M	$10.0M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	799.21	−0.067%	$78.3M	$28.1M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	798.56	−0.149%	$4.2M	$76.8M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	798.57	−0.147%	$161K	$435K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	799.33	−0.052%	$113K	$884K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	799.65	−0.012%	$386K	$459K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	799.39	−0.045%	$32K	$5K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	799.75	0.000%	$13K	$1.6M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	799.40	−0.044%	$393K	$996K	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	798.63	−0.139%	$8.2M	$8.3M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	799.99	+0.030%	$78K	$18K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	799.07	−0.084%	$1.8M	$6.0M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	799.33	−0.053%	$384K	$110K	10x	as long as short
Bulk BNB-USD	+0.0138%	1h	797.80	−0.244%	$648K	$10K	10x	as long as short
RISEx BNB/USDC	+0.0155%	1h	799.56	−0.024%	$1.1M	$1.4M	20x	as long as short
Kalshi KXBNBPERP	+0.0159%	8h	799.60	−0.019%	$90K	$2.8M	4.8x	as long as short
BloFin BNB-USDT	+0.0195%	8h	799.65	−0.012%	$18.1M	$2.6M	75x	as long as short
dYdX BNB-USD	+0.0195%	1h	799.16	−0.073%	$161K	$63K	10x	as long as short
01 Exchange BNBUSD	+0.0200%	1h	800.08	+0.041%	$28K	$1K	10x	as long as short
Hyperliquid BNB	+0.0293%	1h	800.30	+0.069%	$53.2M	$20.3M	10x	as long as short
Hibachi BNB/USDT-P	+0.0296%	1h	799.40	−0.043%	$68K	$38K	12x	as long as short
Deribit BNB_USDC-PERPETUALlong	+0.0300%	1h	799.75	long leg	$1.6M	$161K	25x
Reya BNBRUSDPERP	+0.0330%	1h	799.21	−0.068%	$6K	$3K	40x	as long as short
Backpack BNB_USDC_PERP	+0.0428%	1h	800.06	+0.039%	$2.7M	$5.7M	40x	as long as short