BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0316%/8h= −34.6% APRnext payment −$0.39 per $10,000 · paid last 24h −0.123%

Price spread now: GMX against Kraken Futures+0.041%7-day average — · you sell dearer than you buy

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

Long on Kraken Futures Short on GMX

What this pair did over the last

the charts below follow

Funding, last 4 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 pays, funding is against you. GMX is 0.041% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.041% now, against zero (this spread has no 7-day history yet)): +$4 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 10 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_BNBUSD	785.88	−0.0021	get 0.0003% / 1h	51m 52s	$2.5M	$1.2M	50x
Short	GMX BNB/USD [WBTC.b-USDC]	786.20	L −0.0168% / S +0.0337%	pay 0.0042% / 1h	51m 52s	$43K	—	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Kraken Futures. 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 Kraken FuturesbpFee GMXbpOrdersPrice spread, now +0.041%Rate

Funding earned: −$66.34
Price spread: +0.041% → 0.000%: $4.09
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee GMX: 6 bp × 2 orders: −$12
Net: −$84.25
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: Kraken Futures: live order book, 2 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 Kraken Futures live order book, 2 min ago	2.99 bp	8.1 bp −$8	11.2 bp −$112	21.5 bp −$2,146	80.7 bp −$40.4K
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 −0.0168% / S +0.0337%	1h	786.20	+0.041%	$43K	—	200x
Hotstuff BNB-PERP	−0.0080%	1h	786.16	+0.036%	$4K	—	25x	as long as short
Kraken Futures PF_BNBUSDlong	−0.0021%	1h	785.88	long leg	$2.5M	$1.2M	50x
GRVT BNB_USDT_Perp	0.0000%	8h	785.91	+0.003%	$3.0M	$27.6M	10x	as long as short
StandX BNB-USD	0.0000%	1h	786.90	+0.130%	$849K	$2.7M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	785.79	−0.012%	$9.5M	—	150x	as long as short
Aster BNBUSDT	+0.0029%	8h	786.61	+0.093%	$6.0M	$18.5M	200x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.444%	$19K	$789K	30x	as long as short
BingX BNB-USDT	+0.0036%	8h	786.39	+0.065%	—	$22.1M	—	as long as short
dYdX BNB-USD	+0.0043%	1h	786.35	+0.060%	$159K	$62K	10x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC BNB_USDT	+0.0045%	8h	787.70	+0.232%	$81.9M	$12.1M	200x	as long as short
Binance BNBUSDT	+0.0045%	8h	786.77	+0.113%	$489.4M	$812.9M	75x	as long as short
Lighter BNB	+0.0096%	1h	786.24	+0.045%	$2.7M	$3.6M	20x	as long as short
Nado BNB-PERP	+0.0100%	1h	786.15	+0.034%	$1.4M	$2.6M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	786.76	+0.113%	$51.6M	$17.6M	10x	as long as short
Pacifica BNB	+0.0100%	1h	786.58	+0.089%	$1.2M	$937K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	786.09	+0.027%	$138.4M	$73.4M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	786.00	+0.015%	$53.5M	$111.5M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	786.40	+0.066%	$52K	$125K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	786.25	+0.047%	$39.1M	$55.4M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	785.94	+0.008%	$27.7M	$10.2M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	786.02	+0.018%	$75.4M	$32.5M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	786.61	+0.093%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	785.82	−0.008%	$4.1M	$4.7M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	785.95	+0.009%	$4.1M	$76.6M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	785.57	−0.039%	$158K	$439K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	786.56	+0.086%	$131K	$942K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	786.23	+0.045%	$264K	$358K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	786.49	+0.078%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	786.64	+0.097%	$12K	$1.5M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	786.20	+0.041%	$387K	$952K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0100%	1h	786.54	+0.083%	$1.5M	$141K	25x	as long as short
HTX BNB-USDT	+0.0100%	8h	786.44	+0.071%	$8.0M	$10.3M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	786.81	+0.118%	$78K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	785.85	−0.003%	$1.8M	$5.8M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	786.14	+0.033%	$378K	$110K	10x	as long as short
Kalshi KXBNBPERP	+0.0110%	8h	786.40	+0.066%	$171K	$2.6M	4.8x	as long as short
Coinbase International BNB-PERP-INTX	+0.0120%	1h	786.59	+0.090%	$548K	$1.9M	50x	as long as short
Phoenix BNB	+0.0120%	1h	786.53	+0.083%	$158K	$38K	10x	as long as short
BloFin BNB-USDT	+0.0165%	8h	786.74	+0.109%	$17.9M	$2.2M	75x	as long as short
Bulk BNB-USD	+0.0208%	1h	785.85	−0.004%	$637K	$831	10x	as long as short
01 Exchange BNBUSD	+0.0240%	1h	786.97	+0.139%	$28K	$3K	10x	as long as short
Phemex BNBUSDT	+0.0249%	8h	786.89	+0.128%	$68.6M	$51.1M	50x	as long as short
Reya BNBRUSDPERP	+0.0320%	1h	786.11	+0.029%	$6K	$3K	40x	as long as short
RISEx BNB/USDC	+0.0355%	1h	786.67	+0.101%	$1.1M	$911K	20x	as long as short
Hibachi BNB/USDT-P	+0.0432%	1h	786.50	+0.079%	$67K	$39K	12x	as long as short