BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0266%/8h= +29.2% APRnext payment +$0.33 per $10,000 · paid last 24h +0.114%

Price spread now: Hyperliquid against GMX+0.087%56s7-day average — · you sell dearer than you buy

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

Long on GMX Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropHyperliquid: Season 2 · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and Hyperliquid is 0.087% dearer against GMX than usual: you sell high and buy low: +$9 more if the spread goes back to zero (this spread has no 7-day history yet). 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]	788.13	L −0.0166% / S +0.0336%	get 0.0021% / 1h	3m 13s	$43K	—	200x
Short	Hyperliquid BNB	788.82	0.0100	get 0.0013% / 1h	3m 13s	$51.8M	$17.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid 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 HyperliquidbpOrdersPrice spread, now +0.087%Rate

Funding earned: $55.96
Price spread: +0.087% → 0.000%: $8.74
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: $43.71
Costs to cover: 0.210%
Break-even: 1.5 days

Slippage unknown: GMX: no order-book sample; Hyperliquid: live order book, 10 min ago. 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 Hyperliquid live order book, 10 min ago	0.06 bp	6.6 bp −$7	doesn't fit	doesn't fit	doesn't fit

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 45 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 −0.0166% / S +0.0336%	1h	788.13	long leg	$43K	—	200x
Hotstuff BNB-PERP	−0.0080%	1h	788.61	+0.061%	$4K	—	25x	as long as short
Kraken Futures PF_BNBUSD	−0.0021%	1h	787.89	−0.030%	$2.5M	$1.2M	50x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	788.32	+0.024%	$2.9M	$26.5M	10x	as long as short
StandX BNB-USD	0.0000%	1h	789.07	+0.119%	$851K	$2.8M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	788.10	−0.004%	$9.5M	—	150x	as long as short
Aster BNBUSDT	+0.0010%	8h	788.63	+0.063%	$6.0M	$17.7M	200x	as long as short
BingX BNB-USDC	+0.0026%	8h	788.33	+0.025%	—	$13.4M	—	as long as short
MEXC BNB_USDT	+0.0029%	8h	790.00	+0.237%	$83.1M	$12.5M	200x	as long as short
Binance BNBUSDT	+0.0029%	8h	788.50	+0.047%	$484.2M	$797.8M	75x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.152%	$19K	$789K	30x	as long as short
Phemex BNBUSDT	+0.0085%	8h	788.58	+0.057%	$68.6M	$51.4M	50x	as long as short
Lighter BNB	+0.0096%	1h	788.39	+0.033%	$2.7M	$3.7M	20x	as long as short
Nado BNB-PERP	+0.0100%	1h	788.10	−0.004%	$1.4M	$2.6M	20x	as long as short
Hyperliquid BNBshort	+0.0100%	1h	788.82	+0.087%	$51.8M	$17.3M	10x
Pacifica BNB	+0.0100%	1h	788.43	+0.038%	$1.2M	$936K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	787.90	−0.029%	$138.9M	$70.9M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	787.90	−0.029%	$53.7M	$107.9M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	788.40	+0.034%	$52K	$124K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	788.15	+0.002%	$40.0M	$56.9M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	787.79	−0.043%	$27.9M	$9.7M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	787.66	−0.060%	$75.7M	$32.1M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	788.61	+0.061%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	787.82	−0.039%	$4.3M	$4.9M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	788.37	+0.031%	$4.1M	$77.3M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	788.39	+0.033%	$159K	$440K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	787.94	−0.024%	$130K	$917K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	788.03	−0.013%	$265K	$304K	50x	as long as short
SunX BNB-USDT	+0.0100%	8h	788.48	+0.044%	$12K	$1.4M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	788.10	−0.004%	$387K	$939K	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	788.20	+0.009%	$8.0M	$10.2M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	788.71	+0.074%	$88K	$167K	50x	as long as short
Kalshi KXBNBPERP	+0.0104%	8h	788.60	+0.060%	$161K	$2.6M	4.8x	as long as short
Extended BNB-USD	+0.0104%	1h	787.70	−0.055%	$1.8M	$5.8M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	787.90	−0.029%	$378K	$110K	10x	as long as short
BloFin BNB-USDT	+0.0117%	8h	788.60	+0.060%	$17.6M	$2.3M	75x	as long as short
Coinbase International BNB-PERP-INTX	+0.0120%	1h	788.70	+0.072%	$551K	$2.0M	50x	as long as short
Phoenix BNB	+0.0120%	1h	788.52	+0.049%	$158K	$38K	10x	as long as short
Bulk BNB-USD	+0.0150%	1h	788.74	+0.077%	$639K	$0	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0200%	1h	788.41	+0.036%	$1.5M	$138K	25x	as long as short
01 Exchange BNBUSD	+0.0224%	1h	788.51	+0.048%	$28K	$3K	10x	as long as short
dYdX BNB-USD	+0.0284%	1h	788.17	+0.005%	$158K	$63K	10x	as long as short
Reya BNBRUSDPERP	+0.0318%	1h	787.80	−0.042%	$6K	$3K	40x	as long as short
RISEx BNB/USDC	+0.0355%	1h	788.38	+0.032%	$1.1M	$890K	20x	as long as short
Hibachi BNB/USDT-P	+0.0424%	1h	788.33	+0.025%	$67K	$39K	12x	as long as short