BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0292%/8h= +32.0% APRnext payment +$0.36 per $10,000 · paid last 24h +0.064%

Price spread now: Derive against GMX−0.025%56s7-day average — · you buy dearer than you sell

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

Long on GMX Short on Derive

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

Funding pays, the price is against you. Derive is 0.025% cheaper against GMX than usual: you would sell low and buy high (spread −0.025% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 7 hours of funding at the current rate (+$9 a day). The two prices were read 56 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	GMX BNB/USD [WBTC.b-USDC]	784.59	L −0.0192% / S +0.0356%	get 0.0024% / 1h	30m 27s	$46K	—	200x
Short	Derive BNB-PERP	784.39	0.0100	get 0.0013% / 1h	30m 27s	$31K	$12K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Derive against GMX. 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 GMXbpFee DerivebpOrdersPrice spread, now −0.025%Rate

Funding earned: $61.29
Price spread: −0.025% → 0.000%: −$2.55
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Derive: 3 bp × 2 orders: −$6
Net: $40.75
Costs to cover: 0.180%
Break-even: 2.3 days

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

GMX and Derive: 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]long	L −0.0192% / S +0.0356%	1h	784.59	long leg	$46K	—	200x
Hotstuff BNB-PERP	−0.0080%	1h	785.20	+0.078%	$4K	$42	25x	as long as short
StandX BNB-USD	0.0000%	1h	785.03	+0.056%	$847K	$3.0M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	784.68	+0.011%	$9.5M	—	150x	as long as short
Aster BNBUSDT	+0.0029%	8h	785.33	+0.095%	$6.1M	$19.0M	200x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.613%	$19K	$789K	30x	as long as short
BingX BNB-USDT	+0.0041%	8h	784.92	+0.042%	—	$22.1M	—	as long as short
Phemex BNBUSDT	+0.0050%	8h	784.86	+0.035%	$68.7M	$50.6M	50x	as long as short
MEXC BNB_USDT	+0.0052%	8h	785.70	+0.142%	$79.6M	$11.9M	200x	as long as short
Binance BNBUSDT	+0.0053%	8h	785.37	+0.100%	$488.9M	$809.4M	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	784.10	−0.062%	$2.5M	$1.2M	50x	as long as short
Coinbase International BNB-PERP-INTX	+0.0080%	1h	784.32	−0.034%	$577K	$1.9M	50x	as long as short
Lighter BNB	+0.0096%	1h	784.79	+0.026%	$2.7M	$3.8M	20x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	784.36	−0.029%	$264K	$490K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	784.55	−0.005%	$1.4M	$2.7M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	785.24	+0.083%	$51.5M	$17.5M	10x	as long as short
Pacifica BNB	+0.0100%	1h	784.89	+0.038%	$1.2M	$933K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	784.70	+0.014%	$137.9M	$74.6M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	784.60	+0.001%	$53.3M	$112.2M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	784.80	+0.027%	$52K	$129K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	784.70	+0.014%	$36.3M	$58.6M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	784.48	−0.014%	$27.5M	$10.3M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	784.53	−0.008%	$76.0M	$30.9M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	784.80	+0.027%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	784.13	−0.059%	$4.0M	$4.8M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	785.38	+0.100%	$4.1M	$75.1M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	785.10	+0.065%	$158K	$439K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	784.63	+0.005%	$131K	$954K	10x	as long as short
Derive BNB-PERPshort	+0.0100%	1h	784.39	−0.025%	$31K	$12K	10x
SunX BNB-USDT	+0.0100%	8h	784.98	+0.050%	$12K	$1.5M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	784.30	−0.037%	$386K	$994K	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	784.36	−0.030%	$8.0M	$10.0M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	784.97	+0.049%	$76K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	784.19	−0.051%	$1.8M	$6.2M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	784.56	−0.004%	$377K	$110K	10x	as long as short
Phoenix BNB	+0.0107%	1h	785.73	+0.145%	$169K	$35K	10x	as long as short
dYdX BNB-USD	+0.0127%	1h	784.34	−0.031%	$159K	$61K	10x	as long as short
Kalshi KXBNBPERP	+0.0138%	8h	784.80	+0.027%	$141K	$2.7M	4.8x	as long as short
BloFin BNB-USDT	+0.0173%	8h	784.93	+0.043%	$17.6M	$2.2M	75x	as long as short
GRVT BNB_USDT_Perp	+0.0205%	8h	785.51	+0.117%	$2.9M	$29.3M	10x	as long as short
01 Exchange BNBUSD	+0.0288%	1h	785.44	+0.108%	$28K	$4K	10x	as long as short
Bulk BNB-USD	+0.0298%	1h	785.69	+0.140%	$637K	$4K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	784.64	+0.006%	$1.5M	$143K	25x	as long as short
Reya BNBRUSDPERP	+0.0323%	1h	784.56	−0.004%	$6K	$3K	40x	as long as short
RISEx BNB/USDC	+0.0432%	1h	784.99	+0.051%	$1.1M	$909K	20x	as long as short
Hibachi BNB/USDT-P	+0.0488%	1h	785.21	+0.079%	$67K	$39K	12x	as long as short