Funding you earn now, next payment 05:00 UTC+0.0292%/8h= +32.0% APRnext payment +$0.36 per $10,000 · paid last 24h +0.114%
Price spread now: Backpack against GMX+0.058%7-day average — · you sell dearer than you buy
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 for this trade now. Funding pays +$9 a day on $10k at the current rate, and Backpack is 0.058% dearer against GMX than usual: you sell high and buy low: +$6 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GMX BNB/USD [WBTC.b-USDC] | 788.20 | L −0.0192% / S +0.0356% | get 0.0024% / 1h | 32m 45s | $46K | — | 200x |
| Short | Backpack BNB_USDC_PERP | 788.66 | 0.0100 | get 0.0013% / 1h | 32m 45s | $2.2M | $6.1M | 40x |
GMX BNB/USD [WBTC.b-USDC]
Backpack BNB_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against GMX. 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
- $61.29
- Price spread: +0.058% → 0.000%
- $5.77
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- $45.06
- Costs to cover
- 0.220%
- Break-even
- 1.9 days
Slippage unknown: GMX: no order-book sample; Backpack: live order book, 1 min ago. 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 GMX no order-book sample | — | — | — | — | — |
| Sell Backpack live order book, 1 min ago | 0.06 bp | 5.6 bp −$6 | 8.5 bp −$85 | doesn't fit | doesn't fit |
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]long | L −0.0192% / S +0.0356% | 1h | 788.20 | long leg | $46K | — | 200x | |
| Kraken Futures PF_BNBUSD | −0.0124% | 1h | 788.15 | −0.007% | $2.5M | $1.2M | 50x | as long as short |
| Hotstuff BNB-PERP | −0.0080% | 1h | 788.31 | +0.013% | $4K | $42 | 25x | as long as short |
| Kalshi KXBNBPERP | 0.0000% | 8h | 789.00 | +0.101% | $126K | $2.7M | 4.8x | as long as short |
| StandX BNB-USD | 0.0000% | 1h | 788.81 | +0.077% | $851K | $3.1M | 30x | as long as short |
| gTrade (Gains Network) BNB/USD | L +0.0007% / S −0.0007% | 1h | 788.24 | +0.004% | $9.5M | — | 150x | as long as short |
| Aster BNBUSDT | +0.0029% | 8h | 788.72 | +0.065% | $6.1M | $18.8M | 200x | as long as short |
| Injective BNB/USDC PERP | +0.0033% | 1h | 805.09 | +2.142% | $19K | $789K | 30x | as long as short |
| BingX BNB-USDC | +0.0042% | 8h | 788.43 | +0.029% | — | $13.4M | — | as long as short |
| Binance BNBUSDT | +0.0050% | 8h | 788.76 | +0.070% | $492.1M | $798.8M | 75x | as long as short |
Kraken Futures PF_BNBUSD
Hotstuff BNB-PERP
Kalshi KXBNBPERP
StandX BNB-USD
gTrade (Gains Network) BNB/USD
Aster BNBUSDT
Injective BNB/USDC PERP
BingX BNB-USDC
Binance BNBUSDTShow all 46 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC BNB_USDT | +0.0050% | 8h | 789.20 | +0.126% | $80.0M | $12.0M | 200x | as long as short |
| Phemex BNBUSDT | +0.0051% | 8h | 788.53 | +0.041% | $69.0M | $50.6M | 50x | as long as short |
| Coinbase International BNB-PERP-INTX | +0.0072% | 1h | 790.26 | +0.261% | $580K | $1.9M | 50x | as long as short |
| Phoenix BNB | +0.0092% | 1h | 788.77 | +0.072% | $169K | $35K | 10x | as long as short |
| Lighter BNB | +0.0096% | 1h | 788.40 | +0.024% | $2.7M | $3.8M | 20x | as long as short |
| Orderly PERP_BNB_USDC | +0.0100% | 8h | 788.34 | +0.017% | $265K | $492K | 50x | as long as short |
| Nado BNB-PERP | +0.0100% | 1h | 787.85 | −0.045% | $1.5M | $2.6M | 20x | as long as short |
| Hyperliquid BNB | +0.0100% | 1h | 788.90 | +0.088% | $51.8M | $17.5M | 10x | as long as short |
| Pacifica BNB | +0.0100% | 1h | 788.42 | +0.027% | $1.2M | $931K | 20x | as long as short |
| Bybit BNBUSDT | +0.0100% | 8h | 788.16 | −0.006% | $138.7M | $73.8M | 75x | as long as short |
| OKX BNB-USDT-SWAP | +0.0100% | 8h | 788.00 | −0.026% | $53.4M | $111.7M | 50x | as long as short |
| Arcus BNB-USD | +0.0100% | 1h | 788.40 | +0.025% | $52K | $133K | 10x | as long as short |
| Gate BNB_USDT | +0.0100% | 8h | 788.20 | −0.001% | $35.8M | $57.5M | 75x | as long as short |
| KuCoin BNBUSDTM | +0.0100% | 8h | 787.95 | −0.032% | $27.6M | $10.3M | 75x | as long as short |
| Bitget BNBUSDT | +0.0100% | 8h | 787.96 | −0.031% | $76.3M | $30.5M | 75x | as long as short |
| Backpack BNB_USDC_PERPshort | +0.0100% | 1h | 788.66 | +0.058% | $2.2M | $6.1M | 40x | |
| Variational Omni BNB | +0.0100% | 8h | 787.71 | −0.063% | $4.1M | $4.8M | — | as long as short |
| edgeX BNBUSDC | +0.0100% | 4h | 788.41 | +0.026% | $4.1M | $73.8M | 30x | as long as short |
| ApeX Omni BNBUSDT | +0.0100% | 1h | 788.75 | +0.069% | $159K | $442K | 50x | as long as short |
| Polymarket Perps BNB-USD | +0.0100% | 1h | 788.15 | −0.007% | $130K | $953K | 10x | as long as short |
| Derive BNB-PERP | +0.0100% | 1h | 788.39 | +0.024% | $31K | $12K | 10x | as long as short |
| SunX BNB-USDT | +0.0100% | 8h | 788.90 | +0.088% | $12K | $1.5M | 50x | as long as short |
| SoDEX BNB-USD | +0.0100% | 1h | 788.40 | +0.025% | $388K | $1.0M | 10x | as long as short |
| HTX BNB-USDT | +0.0100% | 8h | 788.30 | +0.012% | $8.1M | $9.6M | 75x | as long as short |
| dYdX BNB-USD | +0.0100% | 1h | 788.56 | +0.045% | $160K | $64K | 10x | as long as short |
| Paradex BNB-USD-PERP | +0.0100% | 8h | 788.66 | +0.057% | $77K | $17K | 50x | as long as short |
| Extended BNB-USD | +0.0104% | 1h | 787.87 | −0.042% | $1.9M | $6.3M | 50x | as long as short |
| Aevo BNB-PERP | +0.0104% | 1h | 788.32 | +0.014% | $379K | $110K | 10x | as long as short |
| BloFin BNB-USDT | +0.0170% | 8h | 788.91 | +0.089% | $18.1M | $2.2M | 75x | as long as short |
| GRVT BNB_USDT_Perp | +0.0173% | 8h | 788.76 | +0.071% | $2.9M | $28.7M | 10x | as long as short |
| Bulk BNB-USD | +0.0219% | 1h | 788.52 | +0.040% | $639K | $9K | 10x | as long as short |
| 01 Exchange BNBUSD | +0.0248% | 1h | 788.91 | +0.089% | $28K | $4K | 10x | as long as short |
| Deribit BNB_USDC-PERPETUAL | +0.0300% | 1h | 788.74 | +0.068% | $1.5M | $143K | 25x | as long as short |
| Reya BNBRUSDPERP | +0.0325% | 1h | 788.09 | −0.014% | $6K | $3K | 40x | as long as short |
| Hibachi BNB/USDT-P | +0.0408% | 1h | 788.27 | +0.008% | $67K | $39K | 12x | as long as short |
| RISEx BNB/USDC | +0.0431% | 1h | 788.66 | +0.058% | $1.1M | $892K | 20x | as long as short |
MEXC BNB_USDT
Phemex BNBUSDT
Coinbase International BNB-PERP-INTX
Phoenix BNB
Lighter BNB
Orderly PERP_BNB_USDC
Nado BNB-PERP
Hyperliquid BNB
Pacifica BNB
Bybit BNBUSDT
OKX BNB-USDT-SWAP
Arcus BNB-USD
Gate BNB_USDT
KuCoin BNBUSDTM
Bitget BNBUSDT
Variational Omni BNB
edgeX BNBUSDC
ApeX Omni BNBUSDT
Polymarket Perps BNB-USD
Derive BNB-PERP
SunX BNB-USDT
SoDEX BNB-USD
HTX BNB-USDT
dYdX BNB-USD
Paradex BNB-USD-PERP
Extended BNB-USD
Aevo BNB-PERP
BloFin BNB-USDT
GRVT BNB_USDT_Perp
Bulk BNB-USD
01 Exchange BNBUSD
Deribit BNB_USDC-PERPETUAL
Reya BNBRUSDPERP
Hibachi BNB/USDT-P
RISEx BNB/USDC