BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0447%/8h= +49.0% APRnext payment +$0.56 per $10,000 · paid last 24h +0.072%

Price spread now: Kraken Futures against GMX−0.112%54s7-day average — · you buy dearer than you sell

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

Long on GMX Short on Kraken Futures

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

Funding pays, the price is against you. Kraken Futures is 0.112% cheaper against GMX than usual: you would sell low and buy high (spread −0.112% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$11 on $10k: about 20 hours of funding at the current rate (+$13 a day). 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	GMX BNB/USD [WBTC.b-USDC]	789.94	L −0.0184% / S +0.0349%	get 0.0023% / 1h	44m 21s	$46K	—	200x
Short	Kraken Futures PF_BNBUSD	789.05	0.0263	get 0.0033% / 1h	44m 21s	$2.5M	$1.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against GMX. 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 GMXbpFee Kraken FuturesbpOrdersPrice spread, now −0.112%Rate

Funding earned: $93.89
Price spread: −0.112% → 0.000%: −$11.19
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $60.69
Costs to cover: 0.220%
Break-even: 2.5 days

Slippage unknown: GMX: no order-book sample; Kraken Futures: live order book, 4 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 Kraken Futures live order book, 4 min ago	1.65 bp	10.2 bp −$10	13.4 bp −$134	33.1 bp −$3,313	145.0 bp −$72.5K

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 −0.0184% / S +0.0349%	1h	789.94	long leg	$46K	—	200x
Hotstuff BNB-PERP	−0.0080%	1h	789.65	−0.036%	$4K	$42	25x	as long as short
StandX BNB-USD	0.0000%	1h	790.01	+0.009%	$854K	$3.2M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	789.99	+0.007%	$9.5M	—	150x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+1.918%	$19K	$789K	30x	as long as short
Aster BNBUSDT	+0.0041%	8h	790.49	+0.069%	$6.1M	$18.7M	200x	as long as short
BingX BNB-USDC	+0.0054%	8h	789.27	−0.085%	—	$13.4M	—	as long as short
Coinbase International BNB-PERP-INTX	+0.0064%	1h	790.64	+0.089%	$583K	$1.9M	50x	as long as short
MEXC BNB_USDT	+0.0066%	8h	790.70	+0.096%	$80.3M	$12.3M	200x	as long as short
Binance BNBUSDT	+0.0067%	8h	790.66	+0.091%	$493.3M	$789.6M	75x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex BNBUSDT	+0.0076%	8h	789.80	−0.017%	$69.1M	$50.0M	50x	as long as short
Lighter BNB	+0.0096%	1h	789.77	−0.022%	$2.7M	$3.8M	20x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	790.12	+0.023%	$266K	$492K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	789.00	−0.118%	$1.5M	$2.6M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	790.47	+0.067%	$51.9M	$17.5M	10x	as long as short
Pacifica BNB	+0.0100%	1h	789.81	−0.017%	$1.2M	$931K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	789.80	−0.017%	$138.9M	$74.8M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	789.70	−0.030%	$53.4M	$111.3M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	790.00	+0.008%	$52K	$130K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	789.85	−0.011%	$35.4M	$56.7M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	789.89	−0.006%	$27.6M	$10.3M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	789.77	−0.021%	$76.5M	$30.4M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	789.70	−0.030%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	788.50	−0.182%	$4.1M	$4.6M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	789.10	−0.106%	$4.1M	$74.6M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	789.58	−0.045%	$159K	$440K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	789.76	−0.023%	$133K	$950K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	790.18	+0.031%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	789.88	−0.008%	$12K	$1.5M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	789.30	−0.081%	$388K	$1.0M	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	788.84	−0.139%	$8.1M	$9.3M	75x	as long as short
Paradex BNB-USD-PERP	+0.0101%	8h	790.26	+0.041%	$77K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	789.41	−0.067%	$1.8M	$5.9M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	790.12	+0.023%	$380K	$110K	10x	as long as short
Phoenix BNB	+0.0117%	1h	789.31	−0.080%	$170K	$35K	10x	as long as short
dYdX BNB-USD	+0.0124%	1h	789.05	−0.112%	$160K	$64K	10x	as long as short
GRVT BNB_USDT_Perp	+0.0134%	8h	789.57	−0.047%	$2.9M	$28.0M	10x	as long as short
Kalshi KXBNBPERP	+0.0182%	8h	789.60	−0.043%	$124K	$2.7M	4.8x	as long as short
BloFin BNB-USDT	+0.0187%	8h	789.81	−0.016%	$18.2M	$2.2M	75x	as long as short
01 Exchange BNBUSD	+0.0224%	1h	790.45	+0.065%	$28K	$4K	10x	as long as short
Kraken Futures PF_BNBUSDshort	+0.0263%	1h	789.05	−0.112%	$2.5M	$1.2M	50x
Bulk BNB-USD	+0.0272%	1h	789.78	−0.020%	$640K	$9K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	789.74	−0.026%	$1.5M	$143K	25x	as long as short
Reya BNBRUSDPERP	+0.0326%	1h	789.59	−0.045%	$6K	$3K	40x	as long as short
RISEx BNB/USDC	+0.0461%	1h	790.17	+0.030%	$1.1M	$975K	20x	as long as short
Hibachi BNB/USDT-P	+0.0504%	1h	789.22	−0.090%	$67K	$38K	12x	as long as short