Funding you earn now, next payment 01:00 UTC−0.0472%/8h= −51.6% APRnext payment −$0.59 per $10,000 · paid last 24h −0.131%
Price spread now: GMX against SoDEX−0.044%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 0.044% cheaper against SoDEX than usual: you would sell low and buy high (−$4 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 | SoDEX BNB-USD | 798.40 | 0.0100 | pay 0.0013% / 1h | 56m 09s | $393K | $1.0M | 10x |
| Short | GMX BNB/USD [WBTC.b-USDC] | 798.05 | L −0.0201% / S +0.0372% | pay 0.0046% / 1h | 56m 09s | $47K | — | 200x |
SoDEX BNB-USD
GMX BNB/USD [WBTC.b-USDC]Funding history
latest
Range statsloading…
Price spread between the two exchanges
GMX against SoDEX. 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: −0.044% → 0.000%
- −$4.38
- Slippage, 4 orders
- no order book: not counted
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- −$123.4
- Costs to cover
- 0.200%
- Break-even
- never at this rate
Slippage unknown: SoDEX: live order book, 3 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 SoDEX live order book, 3 min ago | 0.63 bp | 5.2 bp −$5 | 9.0 bp −$90 | 78.1 bp −$7,815 | 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 | 798.05 | −0.044% | $47K | — | 200x | |
| Kraken Futures PF_BNBUSD | −0.0121% | 1h | 798.28 | −0.015% | $2.5M | $977K | 50x | as long as short |
| Hotstuff BNB-PERP | −0.0080% | 1h | 798.88 | +0.060% | $4K | $239 | 25x | as long as short |
| GRVT BNB_USDT_Perp | 0.0000% | 8h | 799.73 | +0.166% | $3.0M | $27.9M | 10x | as long as short |
| StandX BNB-USD | 0.0000% | 1h | 799.47 | +0.134% | $864K | $2.9M | 30x | as long as short |
| Phemex BNBUSDT | 0.0000% | 8h | 798.75 | +0.044% | $69.9M | $50.7M | 50x | as long as short |
| gTrade (Gains Network) BNB/USD | L +0.0008% / S −0.0007% | 1h | 798.10 | −0.037% | $9.7M | — | 150x | as long as short |
| Variational Omni BNB | +0.0010% | 8h | 798.14 | −0.032% | $4.1M | $5.4M | — | as long as short |
| Gate BNB_USDT | +0.0021% | 8h | 798.10 | −0.038% | $35.7M | $55.6M | 75x | as long as short |
| Bybit BNBUSDT | +0.0027% | 8h | 798.19 | −0.026% | $138.6M | $76.9M | 75x | as long as short |
Kraken Futures PF_BNBUSD
Hotstuff BNB-PERP
GRVT BNB_USDT_Perp
StandX BNB-USD
Phemex BNBUSDT
gTrade (Gains Network) BNB/USD
Variational Omni BNB
Gate BNB_USDT
Bybit BNBUSDTShow all 46 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective BNB/USDC PERP | +0.0033% | 1h | 805.09 | +0.838% | $19K | $789K | 30x | as long as short |
| Coinbase International BNB-PERP-INTX | +0.0048% | 1h | 798.68 | +0.035% | $602K | $985K | 50x | as long as short |
| Aster BNBUSDT | +0.0074% | 8h | 798.70 | +0.038% | $6.2M | $19.3M | 200x | as long as short |
| BingX BNB-USDT | +0.0077% | 8h | 798.35 | −0.006% | — | $35.2M | — | as long as short |
| Binance BNBUSDT | +0.0094% | 8h | 798.85 | +0.056% | $497.0M | $818.2M | 75x | as long as short |
| MEXC BNB_USDT | +0.0095% | 8h | 799.10 | +0.088% | $83.0M | $13.5M | 200x | as long as short |
| Lighter BNB | +0.0096% | 1h | 798.42 | +0.002% | $2.8M | $4.0M | 20x | as long as short |
| Nado BNB-PERP | +0.0100% | 1h | 797.95 | −0.056% | $1.4M | $2.7M | 20x | as long as short |
| Pacifica BNB | +0.0100% | 1h | 798.79 | +0.049% | $1.2M | $925K | 20x | as long as short |
| OKX BNB-USDT-SWAP | +0.0100% | 8h | 798.20 | −0.025% | $54.3M | $112.4M | 50x | as long as short |
| Arcus BNB-USD | +0.0100% | 1h | 798.80 | +0.050% | $53K | $133K | 10x | as long as short |
| KuCoin BNBUSDTM | +0.0100% | 8h | 797.99 | −0.051% | $28.0M | $10.2M | 75x | as long as short |
| Bitget BNBUSDT | +0.0100% | 8h | 798.08 | −0.040% | $78.8M | $27.7M | 75x | as long as short |
| edgeX BNBUSDC | +0.0100% | 4h | 799.62 | +0.153% | $4.2M | $76.0M | 30x | as long as short |
| ApeX Omni BNBUSDT | +0.0100% | 1h | 799.37 | +0.121% | $161K | $436K | 50x | as long as short |
| Polymarket Perps BNB-USD | +0.0100% | 1h | 798.17 | −0.029% | $116K | $872K | 10x | as long as short |
| Orderly PERP_BNB_USDC | +0.0100% | 8h | 798.06 | −0.043% | $386K | $487K | 50x | as long as short |
| Derive BNB-PERP | +0.0100% | 1h | 798.23 | −0.021% | $32K | $5K | 10x | as long as short |
| SunX BNB-USDT | +0.0100% | 8h | 798.68 | +0.035% | $13K | $1.7M | 50x | as long as short |
| SoDEX BNB-USDlong | +0.0100% | 1h | 798.40 | long leg | $393K | $1.0M | 10x | |
| Deribit BNB_USDC-PERPETUAL | +0.0100% | 1h | 798.48 | +0.010% | $1.6M | $160K | 25x | as long as short |
| HTX BNB-USDT | +0.0100% | 8h | 798.39 | −0.001% | $8.2M | $8.1M | 75x | as long as short |
| Paradex BNB-USD-PERP | +0.0100% | 8h | 799.22 | +0.103% | $78K | $19K | 50x | as long as short |
| Extended BNB-USD | +0.0104% | 1h | 797.70 | −0.088% | $1.8M | $6.6M | 50x | as long as short |
| Aevo BNB-PERP | +0.0104% | 1h | 798.46 | +0.007% | $384K | $64K | 10x | as long as short |
| Phoenix BNB | +0.0127% | 1h | 799.98 | +0.198% | $172K | $35K | 10x | as long as short |
| Hibachi BNB/USDT-P | +0.0152% | 1h | 799.05 | +0.081% | $70K | $43K | 12x | as long as short |
| Kalshi KXBNBPERP | +0.0154% | 8h | 799.00 | +0.075% | $90K | $2.9M | 4.8x | as long as short |
| RISEx BNB/USDC | +0.0155% | 1h | 798.61 | +0.026% | $1.1M | $1.4M | 20x | as long as short |
| Bulk BNB-USD | +0.0158% | 1h | 799.24 | +0.105% | $649K | $14K | 10x | as long as short |
| 01 Exchange BNBUSD | +0.0208% | 1h | 798.90 | +0.063% | $28K | $1K | 10x | as long as short |
| BloFin BNB-USDT | +0.0215% | 8h | 799.13 | +0.091% | $18.1M | $2.5M | 75x | as long as short |
| dYdX BNB-USD | +0.0248% | 1h | 798.89 | +0.061% | $161K | $63K | 10x | as long as short |
| Hyperliquid BNB | +0.0289% | 1h | 799.19 | +0.099% | $52.5M | $20.8M | 10x | as long as short |
| Backpack BNB_USDC_PERP | +0.0299% | 1h | 799.08 | +0.085% | $2.7M | $5.7M | 40x | as long as short |
| Reya BNBRUSDPERP | +0.0331% | 1h | 797.72 | −0.085% | $6K | $3K | 40x | as long as short |
Injective BNB/USDC PERP
Coinbase International BNB-PERP-INTX
Aster BNBUSDT
BingX BNB-USDT
Binance BNBUSDT
MEXC BNB_USDT
Lighter BNB
Nado BNB-PERP
Pacifica BNB
OKX BNB-USDT-SWAP
Arcus BNB-USD
KuCoin BNBUSDTM
Bitget BNBUSDT
edgeX BNBUSDC
ApeX Omni BNBUSDT
Polymarket Perps BNB-USD
Orderly PERP_BNB_USDC
Derive BNB-PERP
SunX BNB-USDT
Deribit BNB_USDC-PERPETUAL
HTX BNB-USDT
Paradex BNB-USD-PERP
Extended BNB-USD
Aevo BNB-PERP
Phoenix BNB
Hibachi BNB/USDT-P
Kalshi KXBNBPERP
RISEx BNB/USDC
Bulk BNB-USD
01 Exchange BNBUSD
BloFin BNB-USDT
dYdX BNB-USD
Hyperliquid BNB
Backpack BNB_USDC_PERP
Reya BNBRUSDPERP