BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0456%/8h= −49.9% APRnext payment −$0.57 per $10,000 · paid last 24h −0.115%

Price spread now: GMX against Derive−0.042%7-day average — · you buy dearer than you sell

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

Long on Derive 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 −$14 a day on $10k at the current rate, and GMX is 0.042% cheaper against Derive 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	Derive BNB-PERP	783.98	0.0100	pay 0.0013% / 1h	28m 18s	$31K	$12K	10x
Short	GMX BNB/USD [WBTC.b-USDC]	783.65	L −0.0192% / S +0.0356%	pay 0.0044% / 1h	28m 18s	$46K	—	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Derive. 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 DerivebpFee GMXbpOrdersPrice spread, now −0.042%Rate

Funding earned: −$95.69
Price spread: −0.042% → 0.000%: −$4.21
Slippage, 4 orders: no order book: not counted
Fee Derive: 3 bp × 2 orders: −$6
Fee GMX: 6 bp × 2 orders: −$12
Net: −$117.91
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Derive: no order-book sample; 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 Derive no order-book sample	—	—	—	—	—
Sell GMX no order-book sample	—	—	—	—	—

Derive and 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 −0.0192% / S +0.0356%	1h	783.65	−0.042%	$46K	—	200x
Hotstuff BNB-PERP	−0.0080%	1h	785.00	+0.130%	$4K	$42	25x	as long as short
StandX BNB-USD	0.0000%	1h	785.52	+0.196%	$847K	$3.0M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	783.79	−0.025%	$9.5M	—	150x	as long as short
Aster BNBUSDT	+0.0031%	8h	784.58	+0.076%	$6.0M	$18.9M	200x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.692%	$19K	$789K	30x	as long as short
BingX BNB-USDC	+0.0041%	8h	784.06	+0.010%	—	$13.4M	—	as long as short
Phemex BNBUSDT	+0.0052%	8h	784.45	+0.060%	$68.6M	$50.5M	50x	as long as short
MEXC BNB_USDT	+0.0053%	8h	785.00	+0.130%	$79.5M	$11.9M	200x	as long as short
Binance BNBUSDT	+0.0054%	8h	784.50	+0.066%	$488.7M	$809.9M	75x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_BNBUSD	+0.0069%	1h	783.73	−0.032%	$2.5M	$1.2M	50x	as long as short
Coinbase International BNB-PERP-INTX	+0.0080%	1h	783.79	−0.024%	$567K	$1.9M	50x	as long as short
Lighter BNB	+0.0096%	1h	784.04	+0.008%	$2.7M	$3.8M	20x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	783.94	−0.005%	$264K	$489K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	783.80	−0.023%	$1.4M	$2.7M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	784.50	+0.066%	$51.3M	$17.6M	10x	as long as short
Pacifica BNB	+0.0100%	1h	784.32	+0.043%	$1.2M	$933K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	783.80	−0.023%	$137.7M	$74.6M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	783.70	−0.036%	$53.3M	$112.1M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	784.30	+0.041%	$52K	$129K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	783.90	−0.010%	$36.4M	$58.7M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	783.90	−0.010%	$27.5M	$10.3M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	783.56	−0.054%	$75.9M	$30.9M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	784.83	+0.108%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	784.13	+0.019%	$4.0M	$4.8M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	785.38	+0.178%	$4.1M	$75.1M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	785.10	+0.143%	$158K	$439K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	783.80	−0.023%	$131K	$954K	10x	as long as short
Derive BNB-PERPlong	+0.0100%	1h	783.98	long leg	$31K	$12K	10x
SunX BNB-USDT	+0.0100%	8h	784.57	+0.075%	$12K	$1.5M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	784.00	+0.002%	$385K	$994K	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	783.94	−0.005%	$8.0M	$10.0M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	784.39	+0.052%	$76K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	783.48	−0.064%	$1.8M	$6.2M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	784.08	+0.013%	$377K	$110K	10x	as long as short
Phoenix BNB	+0.0107%	1h	785.13	+0.146%	$169K	$35K	10x	as long as short
Kalshi KXBNBPERP	+0.0139%	8h	785.10	+0.143%	$154K	$2.7M	4.8x	as long as short
dYdX BNB-USD	+0.0150%	1h	784.37	+0.049%	$159K	$61K	10x	as long as short
BloFin BNB-USDT	+0.0174%	8h	785.33	+0.172%	$17.7M	$2.2M	75x	as long as short
GRVT BNB_USDT_Perp	+0.0206%	8h	784.96	+0.125%	$2.9M	$29.3M	10x	as long as short
01 Exchange BNBUSD	+0.0288%	1h	784.74	+0.097%	$28K	$4K	10x	as long as short
Bulk BNB-USD	+0.0298%	1h	785.69	+0.218%	$637K	$4K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	784.32	+0.043%	$1.5M	$143K	25x	as long as short
Reya BNBRUSDPERP	+0.0323%	1h	783.66	−0.041%	$6K	$3K	40x	as long as short
RISEx BNB/USDC	+0.0432%	1h	784.37	+0.049%	$1.1M	$909K	20x	as long as short
Hibachi BNB/USDT-P	+0.0496%	1h	784.92	+0.120%	$67K	$39K	12x	as long as short