Funding you earn now, next payment 07:00 UTC+0.0370%/8h= +40.5% APRnext payment +$0.46 per $10,000 · paid last 24h +0.093%
Price spread now: Deribit against GMX+0.068%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 +$11 a day on $10k at the current rate, and Deribit is 0.068% dearer against GMX than usual: you sell high and buy low: +$7 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] | 786.02 | L −0.0170% / S +0.0337% | get 0.0021% / 1h | 37m 23s | $43K | — | 200x |
| Short | Deribit BNB_USDC-PERPETUAL | 786.55 | 0.0200 | get 0.0025% / 1h | 37m 23s | $1.5M | $143K | 25x |
GMX BNB/USD [WBTC.b-USDC]
Deribit BNB_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit 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
- $77.73
- Price spread: +0.068% → 0.000%
- $6.77
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- $65.5
- Costs to cover
- 0.190%
- Break-even
- 1.1 days
Slippage unknown: GMX: no order-book sample; Deribit: live order book, 2 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 Deribit live order book, 2 min ago | 2.61 bp | 7.2 bp −$7 | 11.3 bp −$113 | 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 −0.0170% / S +0.0337% | 1h | 786.02 | long leg | $43K | — | 200x | |
| Hotstuff BNB-PERP | −0.0080% | 1h | 786.49 | +0.060% | $4K | $42 | 25x | as long as short |
| StandX BNB-USD | 0.0000% | 1h | 786.63 | +0.078% | $848K | $2.8M | 30x | as long as short |
| gTrade (Gains Network) BNB/USD | L +0.0007% / S −0.0007% | 1h | 785.91 | −0.014% | $9.5M | — | 150x | as long as short |
| Injective BNB/USDC PERP | +0.0033% | 1h | 805.09 | +2.426% | $19K | $789K | 30x | as long as short |
| Aster BNBUSDT | +0.0049% | 8h | 786.71 | +0.088% | $6.0M | $18.9M | 200x | as long as short |
| BingX BNB-USDT | +0.0052% | 8h | 786.25 | +0.029% | — | $22.3M | — | as long as short |
| MEXC BNB_USDT | +0.0064% | 8h | 787.30 | +0.163% | $81.0M | $12.0M | 200x | as long as short |
| Binance BNBUSDT | +0.0064% | 8h | 786.71 | +0.087% | $490.1M | $814.8M | 75x | as long as short |
| dYdX BNB-USD | +0.0065% | 1h | 785.68 | −0.044% | $159K | $62K | 10x | as long as short |
Hotstuff BNB-PERP
StandX BNB-USD
gTrade (Gains Network) BNB/USD
Injective BNB/USDC PERP
Aster BNBUSDT
BingX BNB-USDT
MEXC BNB_USDT
Binance BNBUSDT
dYdX BNB-USDShow all 46 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phemex BNBUSDT | +0.0076% | 8h | 786.55 | +0.068% | $68.8M | $51.0M | 50x | as long as short |
| Coinbase International BNB-PERP-INTX | +0.0080% | 1h | 786.88 | +0.110% | $568K | $1.9M | 50x | as long as short |
| Lighter BNB | +0.0096% | 1h | 786.23 | +0.027% | $2.7M | $3.8M | 20x | as long as short |
| Nado BNB-PERP | +0.0100% | 1h | 786.00 | −0.002% | $1.4M | $2.7M | 20x | as long as short |
| Hyperliquid BNB | +0.0100% | 1h | 786.72 | +0.089% | $51.5M | $17.6M | 10x | as long as short |
| Pacifica BNB | +0.0100% | 1h | 786.37 | +0.045% | $1.2M | $933K | 20x | as long as short |
| Bybit BNBUSDT | +0.0100% | 8h | 785.91 | −0.014% | $138.3M | $75.2M | 75x | as long as short |
| OKX BNB-USDT-SWAP | +0.0100% | 8h | 786.00 | −0.002% | $53.4M | $113.0M | 50x | as long as short |
| Arcus BNB-USD | +0.0100% | 1h | 786.30 | +0.036% | $52K | $129K | 10x | as long as short |
| Gate BNB_USDT | +0.0100% | 8h | 786.15 | +0.017% | $37.2M | $58.9M | 75x | as long as short |
| KuCoin BNBUSDTM | +0.0100% | 8h | 785.85 | −0.022% | $27.6M | $10.2M | 75x | as long as short |
| Bitget BNBUSDT | +0.0100% | 8h | 785.94 | −0.010% | $76.1M | $31.1M | 75x | as long as short |
| Backpack BNB_USDC_PERP | +0.0100% | 1h | 786.43 | +0.052% | $2.2M | $6.1M | 40x | as long as short |
| Variational Omni BNB | +0.0100% | 8h | 785.91 | −0.014% | $4.0M | $4.8M | — | as long as short |
| edgeX BNBUSDC | +0.0100% | 4h | 786.30 | +0.036% | $4.1M | $75.9M | 30x | as long as short |
| ApeX Omni BNBUSDT | +0.0100% | 1h | 786.60 | +0.074% | $158K | $437K | 50x | as long as short |
| Polymarket Perps BNB-USD | +0.0100% | 1h | 785.98 | −0.005% | $131K | $949K | 10x | as long as short |
| Orderly PERP_BNB_USDC | +0.0100% | 8h | 786.14 | +0.015% | $264K | $470K | 50x | as long as short |
| Derive BNB-PERP | +0.0100% | 1h | 786.14 | +0.015% | $31K | $12K | 10x | as long as short |
| SunX BNB-USDT | +0.0100% | 8h | 786.53 | +0.066% | $13K | $1.5M | 50x | as long as short |
| SoDEX BNB-USD | +0.0100% | 1h | 786.30 | +0.036% | $387K | $983K | 10x | as long as short |
| HTX BNB-USDT | +0.0100% | 8h | 786.07 | +0.007% | $8.0M | $10.1M | 75x | as long as short |
| Paradex BNB-USD-PERP | +0.0101% | 8h | 786.64 | +0.079% | $78K | $18K | 50x | as long as short |
| Extended BNB-USD | +0.0104% | 1h | 785.76 | −0.034% | $1.8M | $6.1M | 50x | as long as short |
| Aevo BNB-PERP | +0.0104% | 1h | 786.13 | +0.014% | $378K | $110K | 10x | as long as short |
| Phoenix BNB | +0.0135% | 1h | 786.77 | +0.096% | $169K | $35K | 10x | as long as short |
| Kalshi KXBNBPERP | +0.0138% | 8h | 786.40 | +0.048% | $171K | $2.7M | 4.8x | as long as short |
| BloFin BNB-USDT | +0.0185% | 8h | 786.74 | +0.092% | $17.7M | $2.2M | 75x | as long as short |
| Deribit BNB_USDC-PERPETUALshort | +0.0200% | 1h | 786.55 | +0.068% | $1.5M | $143K | 25x | |
| Kraken Futures PF_BNBUSD | +0.0206% | 1h | 785.95 | −0.008% | $2.5M | $1.2M | 50x | as long as short |
| GRVT BNB_USDT_Perp | +0.0229% | 8h | 787.18 | +0.148% | $2.9M | $29.5M | 10x | as long as short |
| 01 Exchange BNBUSD | +0.0256% | 1h | 786.67 | +0.083% | $28K | $4K | 10x | as long as short |
| Bulk BNB-USD | +0.0305% | 1h | 787.08 | +0.136% | $638K | $4K | 10x | as long as short |
| Reya BNBRUSDPERP | +0.0322% | 1h | 785.81 | −0.027% | $6K | $3K | 40x | as long as short |
| RISEx BNB/USDC | +0.0438% | 1h | 786.40 | +0.048% | $1.1M | $914K | 20x | as long as short |
| Hibachi BNB/USDT-P | +0.0536% | 1h | 786.12 | +0.013% | $67K | $39K | 12x | as long as short |
Phemex BNBUSDT
Coinbase International BNB-PERP-INTX
Lighter BNB
Nado BNB-PERP
Hyperliquid BNB
Pacifica BNB
Bybit BNBUSDT
OKX BNB-USDT-SWAP
Arcus BNB-USD
Gate BNB_USDT
KuCoin BNBUSDTM
Bitget BNBUSDT
Backpack BNB_USDC_PERP
Variational Omni BNB
edgeX BNBUSDC
ApeX Omni BNBUSDT
Polymarket Perps BNB-USD
Orderly PERP_BNB_USDC
Derive BNB-PERP
SunX BNB-USDT
SoDEX BNB-USD
HTX BNB-USDT
Paradex BNB-USD-PERP
Extended BNB-USD
Aevo BNB-PERP
Phoenix BNB
Kalshi KXBNBPERP
BloFin BNB-USDT
Kraken Futures PF_BNBUSD
GRVT BNB_USDT_Perp
01 Exchange BNBUSD
Bulk BNB-USD
Reya BNBRUSDPERP
RISEx BNB/USDC
Hibachi BNB/USDT-P