Funding you earn now, next payment 00:00 UTC−0.0472%/8h= −51.6% APRnext payment −$0.59 per $10,000 · paid last 24h −0.124%
Price spread now: GMX against Polymarket Perps−0.023%7-day average — · you buy dearer than you sell
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 against this trade now: funding costs −$14 a day on $10k at the current rate, and GMX is 0.023% cheaper against Polymarket Perps than usual: you would sell low and buy high (−$2 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Polymarket Perps BNB-USD | 798.05 | 0.0100 | pay 0.0013% / 1h | 5m 41s | $116K | $874K | 10x |
| Short | GMX BNB/USD [WBTC.b-USDC] | 797.87 | L −0.0201% / S +0.0372% | pay 0.0046% / 1h | 5m 41s | $47K | — | 200x |
Polymarket Perps BNB-USD
GMX BNB/USD [WBTC.b-USDC]Funding history
latest
Range statsloading…
Price spread between the two exchanges
GMX against Polymarket Perps. 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
- −$99.02
- Price spread: −0.023% → 0.000%
- −$2.26
- Slippage, 4 orders
- no order book: not counted
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- −$121.28
- Costs to cover
- 0.200%
- Break-even
- never at this rate
Slippage unknown: Polymarket Perps: live order book, 7 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 Polymarket Perps live order book, 7 min ago | 2.38 bp | 6.8 bp −$7 | 7.6 bp −$76 | 13.8 bp −$1,383 | 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 −0.0201% / S +0.0372% | 1h | 797.87 | −0.023% | $47K | — | 200x | |
| Hotstuff BNB-PERP | −0.0080% | 1h | 798.55 | +0.063% | $4K | $1K | 25x | as long as short |
| Kraken Futures PF_BNBUSD | −0.0074% | 1h | 797.97 | −0.010% | $2.5M | $975K | 50x | as long as short |
| GRVT BNB_USDT_Perp | 0.0000% | 8h | 798.60 | +0.069% | $3.0M | $27.9M | 10x | as long as short |
| StandX BNB-USD | 0.0000% | 1h | 798.74 | +0.086% | $863K | $2.9M | 30x | as long as short |
| Variational Omni BNB | +0.0007% | 8h | 797.54 | −0.064% | $4.1M | $5.4M | — | as long as short |
| gTrade (Gains Network) BNB/USD | L +0.0008% / S −0.0007% | 1h | 797.93 | −0.015% | $9.7M | — | 150x | as long as short |
| BingX BNB-USDC | +0.0030% | 8h | 797.99 | −0.008% | — | $13.3M | — | as long as short |
| Bybit BNBUSDT | +0.0037% | 8h | 797.70 | −0.044% | $138.4M | $76.9M | 75x | as long as short |
| Coinbase International BNB-PERP-INTX | +0.0072% | 1h | 798.14 | +0.011% | $601K | $984K | 50x | as long as short |
Hotstuff BNB-PERP
Kraken Futures PF_BNBUSD
GRVT BNB_USDT_Perp
StandX BNB-USD
Variational Omni BNB
gTrade (Gains Network) BNB/USD
BingX BNB-USDC
Bybit BNBUSDT
Coinbase International BNB-PERP-INTXShow all 46 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster BNBUSDT | +0.0078% | 8h | 798.41 | +0.045% | $6.2M | $19.2M | 200x | as long as short |
| Lighter BNB | +0.0096% | 1h | 798.25 | +0.025% | $2.8M | $4.1M | 20x | as long as short |
| Phemex BNBUSDT | +0.0098% | 8h | 798.44 | +0.049% | $69.8M | $50.6M | 50x | as long as short |
| Binance BNBUSDT | +0.0099% | 8h | 798.51 | +0.058% | $497.4M | $817.9M | 75x | as long as short |
| Nado BNB-PERP | +0.0100% | 1h | 797.90 | −0.019% | $1.4M | $2.7M | 20x | as long as short |
| Pacifica BNB | +0.0100% | 1h | 798.19 | +0.018% | $1.2M | $925K | 20x | as long as short |
| OKX BNB-USDT-SWAP | +0.0100% | 8h | 797.80 | −0.031% | $54.3M | $112.5M | 50x | as long as short |
| Arcus BNB-USD | +0.0100% | 1h | 798.50 | +0.056% | $53K | $133K | 10x | as long as short |
| Gate BNB_USDT | +0.0100% | 8h | 797.75 | −0.038% | $35.7M | $58.6M | 75x | as long as short |
| MEXC BNB_USDT | +0.0100% | 8h | 798.90 | +0.107% | $83.0M | $13.6M | 200x | as long as short |
| KuCoin BNBUSDTM | +0.0100% | 8h | 797.91 | −0.018% | $27.9M | $10.2M | 75x | as long as short |
| Bitget BNBUSDT | +0.0100% | 8h | 797.85 | −0.025% | $79.0M | $27.5M | 75x | as long as short |
| edgeX BNBUSDC | +0.0100% | 4h | 798.68 | +0.079% | $4.1M | $76.3M | 30x | as long as short |
| ApeX Omni BNBUSDT | +0.0100% | 1h | 799.23 | +0.148% | $161K | $438K | 50x | as long as short |
| Polymarket Perps BNB-USDlong | +0.0100% | 1h | 798.05 | long leg | $116K | $874K | 10x | |
| Orderly PERP_BNB_USDC | +0.0100% | 8h | 797.78 | −0.034% | $385K | $494K | 50x | as long as short |
| Derive BNB-PERP | +0.0100% | 1h | 797.97 | −0.010% | $32K | $5K | 10x | as long as short |
| SunX BNB-USDT | +0.0100% | 8h | 798.38 | +0.041% | $13K | $1.7M | 50x | as long as short |
| SoDEX BNB-USD | +0.0100% | 1h | 798.10 | +0.006% | $392K | $1.0M | 10x | as long as short |
| Deribit BNB_USDC-PERPETUAL | +0.0100% | 1h | 798.27 | +0.027% | $1.6M | $165K | 25x | as long as short |
| HTX BNB-USDT | +0.0100% | 8h | 798.43 | +0.048% | $8.2M | $8.1M | 75x | as long as short |
| Paradex BNB-USD-PERP | +0.0100% | 8h | 798.79 | +0.092% | $78K | $19K | 50x | as long as short |
| Extended BNB-USD | +0.0104% | 1h | 797.69 | −0.045% | $1.7M | $6.6M | 50x | as long as short |
| Aevo BNB-PERP | +0.0104% | 1h | 797.98 | −0.008% | $383K | $40K | 10x | as long as short |
| Phoenix BNB | +0.0127% | 1h | 798.58 | +0.066% | $172K | $36K | 10x | as long as short |
| Kalshi KXBNBPERP | +0.0148% | 8h | 798.80 | +0.094% | $90K | $2.9M | 4.8x | as long as short |
| Hibachi BNB/USDT-P | +0.0160% | 1h | 798.62 | +0.071% | $70K | $43K | 12x | as long as short |
| Bulk BNB-USD | +0.0191% | 1h | 798.83 | +0.097% | $649K | $17K | 10x | as long as short |
| BloFin BNB-USDT | +0.0221% | 8h | 798.81 | +0.095% | $18.1M | $2.5M | 75x | as long as short |
| Hyperliquid BNB | +0.0241% | 1h | 798.88 | +0.104% | $52.4M | $20.8M | 10x | as long as short |
| RISEx BNB/USDC | +0.0258% | 1h | 798.32 | +0.034% | $1.1M | $1.4M | 20x | as long as short |
| 01 Exchange BNBUSD | +0.0264% | 1h | 798.79 | +0.093% | $28K | $1K | 10x | as long as short |
| Injective BNB/USDC PERP | +0.0306% | 1h | 805.09 | +0.882% | $19K | $789K | 30x | as long as short |
| Reya BNBRUSDPERP | +0.0331% | 1h | 797.57 | −0.060% | $6K | $3K | 40x | as long as short |
| dYdX BNB-USD | +0.0333% | 1h | 798.04 | −0.002% | $161K | $63K | 10x | as long as short |
| Backpack BNB_USDC_PERP | +0.0343% | 1h | 798.86 | +0.101% | $2.7M | $5.7M | 40x | as long as short |
Aster BNBUSDT
Lighter BNB
Phemex BNBUSDT
Binance BNBUSDT
Nado BNB-PERP
Pacifica BNB
OKX BNB-USDT-SWAP
Arcus BNB-USD
Gate BNB_USDT
MEXC BNB_USDT
KuCoin BNBUSDTM
Bitget BNBUSDT
edgeX BNBUSDC
ApeX Omni BNBUSDT
Orderly PERP_BNB_USDC
Derive BNB-PERP
SunX BNB-USDT
SoDEX BNB-USD
Deribit BNB_USDC-PERPETUAL
HTX BNB-USDT
Paradex BNB-USD-PERP
Extended BNB-USD
Aevo BNB-PERP
Phoenix BNB
Kalshi KXBNBPERP
Hibachi BNB/USDT-P
Bulk BNB-USD
BloFin BNB-USDT
Hyperliquid BNB
RISEx BNB/USDC
01 Exchange BNBUSD
Injective BNB/USDC PERP
Reya BNBRUSDPERP
dYdX BNB-USD
Backpack BNB_USDC_PERP