BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0444%/8h= −48.6% APRnext payment −$0.55 per $10,000 · paid last 24h −0.122%

Price spread now: GMX against Coinbase International−0.111%53s7-day average — · you buy dearer than you sell

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

Long on Coinbase International Short on GMX

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

Both sides work against this trade now: funding costs −$13 a day on $10k at the current rate, and GMX is 0.111% cheaper against Coinbase International than usual: you would sell low and buy high (−$11 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 53 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	Coinbase International BNB-PERP-INTX	799.89	0.0072	pay 0.0009% / 1h	18m 20s	$606K	$985K	50x
Short	GMX BNB/USD [WBTC.b-USDC]	799.00	L −0.0201% / S +0.0372%	pay 0.0046% / 1h	18m 20s	$47K	—	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Coinbase International. 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 Coinbase InternationalbpFee GMXbpOrdersPrice spread, now −0.111%Rate

Funding earned: −$93.14
Price spread: −0.111% → 0.000%: −$11.11
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee GMX: 6 bp × 2 orders: −$12
Net: −$126.25
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: Coinbase International: live order book, 60 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 Coinbase International live order book, 60 min ago	3.62 bp	9.0 bp −$9	13.2 bp −$132	doesn't fit	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	799.00	−0.111%	$47K	—	200x
Hotstuff BNB-PERP	−0.0080%	1h	799.30	−0.074%	$4K	$1K	25x	as long as short
Kraken Futures PF_BNBUSD	−0.0074%	1h	799.01	−0.110%	$2.5M	$970K	50x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	798.68	−0.151%	$3.0M	$27.9M	10x	as long as short
StandX BNB-USD	0.0000%	1h	799.85	−0.005%	$864K	$2.9M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	798.98	−0.114%	$9.7M	—	150x	as long as short
Variational Omni BNB	+0.0012%	8h	798.04	−0.231%	$4.1M	$5.4M	—	as long as short
BingX BNB-USDT	+0.0035%	8h	798.99	−0.113%	—	$34.7M	—	as long as short
Bybit BNBUSDT	+0.0042%	8h	798.60	−0.161%	$138.6M	$76.8M	75x	as long as short
Coinbase International BNB-PERP-INTXlong	+0.0072%	1h	799.89	long leg	$606K	$985K	50x

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster BNBUSDT	+0.0088%	8h	799.48	−0.051%	$6.2M	$19.1M	200x	as long as short
Lighter BNB	+0.0096%	1h	799.13	−0.095%	$2.8M	$4.1M	20x	as long as short
Nado BNB-PERP	+0.0100%	1h	798.74	−0.144%	$1.4M	$2.7M	20x	as long as short
Pacifica BNB	+0.0100%	1h	799.01	−0.110%	$1.2M	$926K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	798.80	−0.136%	$54.3M	$112.9M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	799.20	−0.086%	$53K	$133K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	798.75	−0.143%	$35.8M	$58.3M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	798.85	−0.130%	$28.0M	$10.2M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	798.70	−0.149%	$79.1M	$27.5M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	798.50	−0.173%	$4.1M	$76.5M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	799.21	−0.085%	$161K	$439K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	798.86	−0.129%	$116K	$875K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	798.93	−0.120%	$386K	$494K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	799.33	−0.070%	$32K	$5K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	799.47	−0.053%	$13K	$1.7M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	799.30	−0.074%	$393K	$1.0M	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0100%	1h	799.56	−0.041%	$1.6M	$165K	25x	as long as short
HTX BNB-USDT	+0.0100%	8h	798.98	−0.114%	$8.2M	$8.0M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	799.52	−0.047%	$78K	$19K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	798.54	−0.169%	$1.8M	$6.5M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	799.25	−0.081%	$384K	$40K	10x	as long as short
Phemex BNBUSDT	+0.0108%	8h	799.63	−0.033%	$69.9M	$50.6M	50x	as long as short
MEXC BNB_USDT	+0.0108%	8h	799.90	+0.001%	$83.1M	$13.6M	200x	as long as short
Binance BNBUSDT	+0.0108%	8h	799.53	−0.045%	$498.2M	$818.5M	75x	as long as short
Phoenix BNB	+0.0127%	1h	798.57	−0.165%	$172K	$36K	10x	as long as short
Kalshi KXBNBPERP	+0.0134%	8h	799.40	−0.061%	$89K	$2.9M	4.8x	as long as short
Hibachi BNB/USDT-P	+0.0168%	1h	799.22	−0.084%	$70K	$43K	12x	as long as short
Bulk BNB-USD	+0.0214%	1h	799.38	−0.064%	$649K	$17K	10x	as long as short
Hyperliquid BNB	+0.0217%	1h	799.75	−0.018%	$52.4M	$21.2M	10x	as long as short
BloFin BNB-USDT	+0.0229%	8h	799.63	−0.033%	$18.2M	$2.5M	75x	as long as short
RISEx BNB/USDC	+0.0258%	1h	799.06	−0.103%	$1.1M	$1.4M	20x	as long as short
01 Exchange BNBUSD	+0.0280%	1h	799.59	−0.038%	$28K	$1K	10x	as long as short
Injective BNB/USDC PERP	+0.0306%	1h	805.09	+0.650%	$19K	$789K	30x	as long as short
Reya BNBRUSDPERP	+0.0331%	1h	798.59	−0.163%	$6K	$3K	40x	as long as short
dYdX BNB-USD	+0.0357%	1h	798.70	−0.149%	$161K	$63K	10x	as long as short
Backpack BNB_USDC_PERP	+0.0386%	1h	799.56	−0.041%	$2.7M	$5.7M	40x	as long as short