Funding you earn now, next payment 07:00 UTC−0.0537%/8h= −58.7% APRnext payment −$0.67 per $10,000 · paid last 24h −0.143%
Price spread now: GMX against Deribit−0.065%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 −$16 a day on $10k at the current rate, and GMX is 0.065% cheaper against Deribit than usual: you would sell low and buy high (−$6 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 | Deribit BNB_USDC-PERPETUAL | 787.22 | 0.0200 | pay 0.0025% / 1h | 59m 49s | $1.5M | $145K | 25x |
| Short | GMX BNB/USD [WBTC.b-USDC] | 786.71 | L −0.0170% / S +0.0337% | pay 0.0042% / 1h | 59m 49s | $43K | — | 200x |
Deribit BNB_USDC-PERPETUAL
GMX BNB/USD [WBTC.b-USDC]Funding history
latest
Range statsloading…
Price spread between the two exchanges
GMX against Deribit. 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
- −$112.67
- Price spread: −0.065% → 0.000%
- −$6.48
- Slippage, 4 orders
- no order book: not counted
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- −$138.14
- Costs to cover
- 0.190%
- Break-even
- never at this rate
Slippage unknown: Deribit: live order book, 4 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 Deribit live order book, 4 min ago | 3.30 bp | 9.9 bp −$10 | 14.5 bp −$145 | 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 −0.0170% / S +0.0337% | 1h | 786.71 | −0.065% | $43K | — | 200x | |
| Hotstuff BNB-PERP | −0.0080% | 1h | 786.78 | −0.056% | $4K | $42 | 25x | as long as short |
| StandX BNB-USD | 0.0000% | 1h | 787.83 | +0.077% | $850K | $2.7M | 30x | as long as short |
| gTrade (Gains Network) BNB/USD | L +0.0007% / S −0.0007% | 1h | 786.71 | −0.066% | $9.5M | — | 150x | as long as short |
| Injective BNB/USDC PERP | +0.0033% | 1h | 805.09 | +2.270% | $19K | $789K | 30x | as long as short |
| BingX BNB-USDC | +0.0047% | 8h | 786.67 | −0.070% | — | $13.4M | — | as long as short |
| Aster BNBUSDT | +0.0048% | 8h | 787.05 | −0.022% | $6.1M | $18.8M | 200x | as long as short |
| MEXC BNB_USDT | +0.0057% | 8h | 787.80 | +0.073% | $81.0M | $12.1M | 200x | as long as short |
| Binance BNBUSDT | +0.0057% | 8h | 787.04 | −0.024% | $489.2M | $821.6M | 75x | as long as short |
| dYdX BNB-USD | +0.0065% | 1h | 786.64 | −0.074% | $159K | $62K | 10x | as long as short |
Hotstuff BNB-PERP
StandX BNB-USD
gTrade (Gains Network) BNB/USD
Injective BNB/USDC PERP
BingX BNB-USDC
Aster BNBUSDT
MEXC BNB_USDT
Binance BNBUSDT
dYdX BNB-USDShow all 46 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phemex BNBUSDT | +0.0075% | 8h | 787.38 | +0.020% | $68.8M | $51.4M | 50x | as long as short |
| Coinbase International BNB-PERP-INTX | +0.0080% | 1h | 787.43 | +0.026% | $564K | $1.9M | 50x | as long as short |
| Lighter BNB | +0.0096% | 1h | 786.68 | −0.070% | $2.7M | $3.8M | 20x | as long as short |
| Nado BNB-PERP | +0.0100% | 1h | 786.05 | −0.149% | $1.4M | $2.7M | 20x | as long as short |
| Hyperliquid BNB | +0.0100% | 1h | 787.15 | −0.009% | $51.5M | $17.7M | 10x | as long as short |
| Pacifica BNB | +0.0100% | 1h | 786.50 | −0.092% | $1.2M | $933K | 20x | as long as short |
| Bybit BNBUSDT | +0.0100% | 8h | 786.40 | −0.105% | $138.4M | $75.0M | 75x | as long as short |
| OKX BNB-USDT-SWAP | +0.0100% | 8h | 786.40 | −0.105% | $53.5M | $113.2M | 50x | as long as short |
| Arcus BNB-USD | +0.0100% | 1h | 786.70 | −0.066% | $52K | $129K | 10x | as long as short |
| Gate BNB_USDT | +0.0100% | 8h | 786.55 | −0.086% | $38.0M | $59.6M | 75x | as long as short |
| KuCoin BNBUSDTM | +0.0100% | 8h | 786.51 | −0.091% | $27.7M | $10.2M | 75x | as long as short |
| Bitget BNBUSDT | +0.0100% | 8h | 786.33 | −0.114% | $76.7M | $31.5M | 75x | as long as short |
| Backpack BNB_USDC_PERP | +0.0100% | 1h | 787.15 | −0.009% | $2.2M | $6.1M | 40x | as long as short |
| Variational Omni BNB | +0.0100% | 8h | 785.91 | −0.167% | $4.0M | $4.8M | — | as long as short |
| edgeX BNBUSDC | +0.0100% | 4h | 787.27 | +0.006% | $4.1M | $76.5M | 30x | as long as short |
| ApeX Omni BNBUSDT | +0.0100% | 1h | 787.69 | +0.059% | $159K | $438K | 50x | as long as short |
| Polymarket Perps BNB-USD | +0.0100% | 1h | 786.60 | −0.079% | $131K | $953K | 10x | as long as short |
| Orderly PERP_BNB_USDC | +0.0100% | 8h | 786.78 | −0.056% | $265K | $454K | 50x | as long as short |
| Derive BNB-PERP | +0.0100% | 1h | 787.05 | −0.022% | $31K | $12K | 10x | as long as short |
| SunX BNB-USDT | +0.0100% | 8h | 786.78 | −0.057% | $12K | $1.5M | 50x | as long as short |
| SoDEX BNB-USD | +0.0100% | 1h | 786.90 | −0.041% | $387K | $976K | 10x | as long as short |
| HTX BNB-USDT | +0.0100% | 8h | 786.64 | −0.074% | $8.0M | $10.3M | 75x | as long as short |
| Paradex BNB-USD-PERP | +0.0100% | 8h | 786.89 | −0.042% | $78K | $18K | 50x | as long as short |
| Extended BNB-USD | +0.0104% | 1h | 786.13 | −0.139% | $1.8M | $5.9M | 50x | as long as short |
| Aevo BNB-PERP | +0.0104% | 1h | 786.79 | −0.055% | $378K | $110K | 10x | as long as short |
| Kalshi KXBNBPERP | +0.0117% | 8h | 787.00 | −0.028% | $171K | $2.7M | 4.8x | as long as short |
| Phoenix BNB | +0.0135% | 1h | 787.76 | +0.068% | $169K | $35K | 10x | as long as short |
| BloFin BNB-USDT | +0.0177% | 8h | 786.92 | −0.039% | $17.7M | $2.2M | 75x | as long as short |
| Deribit BNB_USDC-PERPETUALlong | +0.0200% | 1h | 787.22 | long leg | $1.5M | $145K | 25x | |
| Kraken Futures PF_BNBUSD | +0.0206% | 1h | 786.71 | −0.066% | $2.5M | $1.2M | 50x | as long as short |
| GRVT BNB_USDT_Perp | +0.0227% | 8h | 787.38 | +0.020% | $2.9M | $28.6M | 10x | as long as short |
| Bulk BNB-USD | +0.0230% | 1h | 786.88 | −0.043% | $638K | $831 | 10x | as long as short |
| 01 Exchange BNBUSD | +0.0248% | 1h | 787.10 | −0.016% | $28K | $4K | 10x | as long as short |
| Reya BNBRUSDPERP | +0.0321% | 1h | 786.41 | −0.103% | $6K | $3K | 40x | as long as short |
| RISEx BNB/USDC | +0.0438% | 1h | 786.76 | −0.059% | $1.1M | $915K | 20x | as long as short |
| Hibachi BNB/USDT-P | +0.0464% | 1h | 786.61 | −0.078% | $67K | $39K | 12x | as long as short |
Phemex BNBUSDT
Coinbase International BNB-PERP-INTX
Lighter BNB
Nado BNB-PERP
Hyperliquid BNB
Pacifica BNB
Bybit BNBUSDT
OKX BNB-USDT-SWAP
Arcus BNB-USD
Gate BNB_USDT
KuCoin BNBUSDTM
Bitget BNBUSDT
Backpack BNB_USDC_PERP
Variational Omni BNB
edgeX BNBUSDC
ApeX Omni BNBUSDT
Polymarket Perps BNB-USD
Orderly PERP_BNB_USDC
Derive BNB-PERP
SunX BNB-USDT
SoDEX BNB-USD
HTX BNB-USDT
Paradex BNB-USD-PERP
Extended BNB-USD
Aevo BNB-PERP
Kalshi KXBNBPERP
Phoenix BNB
BloFin BNB-USDT
Kraken Futures PF_BNBUSD
GRVT BNB_USDT_Perp
Bulk BNB-USD
01 Exchange BNBUSD
Reya BNBRUSDPERP
RISEx BNB/USDC
Hibachi BNB/USDT-P