Funding you earn now, next payment 04:00 UTC−0.0616%/8h= −67.5% APRnext payment −$0.77 per $10,000 · paid last 24h −0.123%
Price spread now: GMX against Kraken Futures−0.012%54s7-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
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$18 a day on $10k at the current rate. The two prices were read 54 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 | Kraken Futures PF_BNBUSD | 789.04 | 0.0263 | pay 0.0033% / 1h | 12m 21s | $2.5M | $1.2M | 50x |
| Short | GMX BNB/USD [WBTC.b-USDC] | 788.95 | L −0.0188% / S +0.0353% | pay 0.0044% / 1h | 12m 21s | $46K | — | 200x |
Kraken Futures PF_BNBUSD
GMX BNB/USD [WBTC.b-USDC]Funding history
latest
Range statsloading…
Price spread between the two exchanges
GMX against Kraken Futures. 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
- −$129.38
- Price spread: −0.012% → 0.000%
- −$1.24
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- −$152.62
- Costs to cover
- 0.220%
- Break-even
- never at this rate
Slippage unknown: Kraken Futures: live order book, 1 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 Kraken Futures live order book, 1 min ago | 3.48 bp | 9.6 bp −$10 | 13.7 bp −$137 | 32.5 bp −$3,252 | 114.7 bp −$57.4K |
| 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 −0.0188% / S +0.0353% | 1h | 788.95 | −0.012% | $46K | — | 200x | |
| Hotstuff BNB-PERP | −0.0080% | 1h | 789.30 | +0.033% | $4K | $42 | 25x | as long as short |
| StandX BNB-USD | 0.0000% | 1h | 789.27 | +0.029% | $851K | $3.2M | 30x | as long as short |
| gTrade (Gains Network) BNB/USD | L +0.0007% / S −0.0007% | 1h | 788.96 | −0.010% | $9.5M | — | 150x | as long as short |
| Injective BNB/USDC PERP | +0.0033% | 1h | 805.09 | +2.034% | $19K | $789K | 30x | as long as short |
| Aster BNBUSDT | +0.0036% | 8h | 789.55 | +0.064% | $6.1M | $18.7M | 200x | as long as short |
| BingX BNB-USDT | +0.0049% | 8h | 789.13 | +0.011% | — | $34.4M | — | as long as short |
| Phemex BNBUSDT | +0.0053% | 8h | 789.65 | +0.077% | $69.1M | $50.0M | 50x | as long as short |
| MEXC BNB_USDT | +0.0059% | 8h | 789.80 | +0.096% | $80.1M | $12.4M | 200x | as long as short |
| Binance BNBUSDT | +0.0059% | 8h | 789.58 | +0.068% | $492.7M | $789.7M | 75x | as long as short |
Hotstuff BNB-PERP
StandX BNB-USD
gTrade (Gains Network) BNB/USD
Injective BNB/USDC PERP
Aster BNBUSDT
BingX BNB-USDT
Phemex BNBUSDT
MEXC BNB_USDT
Binance BNBUSDTShow all 46 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International BNB-PERP-INTX | +0.0064% | 1h | 789.45 | +0.052% | $582K | $1.9M | 50x | as long as short |
| Lighter BNB | +0.0096% | 1h | 789.13 | +0.012% | $2.7M | $3.9M | 20x | as long as short |
| Orderly PERP_BNB_USDC | +0.0100% | 8h | 789.04 | 0.000% | $265K | $492K | 50x | as long as short |
| Nado BNB-PERP | +0.0100% | 1h | 788.80 | −0.031% | $1.5M | $2.6M | 20x | as long as short |
| Hyperliquid BNB | +0.0100% | 1h | 789.56 | +0.066% | $51.8M | $17.6M | 10x | as long as short |
| Pacifica BNB | +0.0100% | 1h | 789.12 | +0.010% | $1.2M | $931K | 20x | as long as short |
| Bybit BNBUSDT | +0.0100% | 8h | 788.82 | −0.028% | $138.8M | $74.1M | 75x | as long as short |
| OKX BNB-USDT-SWAP | +0.0100% | 8h | 788.90 | −0.018% | $53.4M | $111.3M | 50x | as long as short |
| Arcus BNB-USD | +0.0100% | 1h | 789.20 | +0.020% | $52K | $130K | 10x | as long as short |
| Gate BNB_USDT | +0.0100% | 8h | 789.00 | −0.005% | $35.5M | $57.5M | 75x | as long as short |
| KuCoin BNBUSDTM | +0.0100% | 8h | 788.79 | −0.032% | $28.1M | $10.4M | 75x | as long as short |
| Bitget BNBUSDT | +0.0100% | 8h | 788.74 | −0.038% | $76.3M | $30.2M | 75x | as long as short |
| Backpack BNB_USDC_PERP | +0.0100% | 1h | 789.49 | +0.057% | $2.2M | $6.1M | 40x | as long as short |
| Variational Omni BNB | +0.0100% | 8h | 788.31 | −0.093% | $4.1M | $4.6M | — | as long as short |
| edgeX BNBUSDC | +0.0100% | 4h | 789.25 | +0.026% | $4.1M | $73.4M | 30x | as long as short |
| ApeX Omni BNBUSDT | +0.0100% | 1h | 789.32 | +0.035% | $159K | $440K | 50x | as long as short |
| Polymarket Perps BNB-USD | +0.0100% | 1h | 788.76 | −0.036% | $133K | $950K | 10x | as long as short |
| Derive BNB-PERP | +0.0100% | 1h | 789.15 | +0.014% | $31K | $12K | 10x | as long as short |
| SunX BNB-USDT | +0.0100% | 8h | 789.55 | +0.064% | $12K | $1.5M | 50x | as long as short |
| SoDEX BNB-USD | +0.0100% | 1h | 789.30 | +0.033% | $388K | $1.0M | 10x | as long as short |
| HTX BNB-USDT | +0.0100% | 8h | 788.63 | −0.052% | $8.1M | $9.5M | 75x | as long as short |
| Paradex BNB-USD-PERP | +0.0101% | 8h | 789.33 | +0.037% | $77K | $17K | 50x | as long as short |
| Extended BNB-USD | +0.0104% | 1h | 788.58 | −0.058% | $1.8M | $5.9M | 50x | as long as short |
| Aevo BNB-PERP | +0.0104% | 1h | 789.03 | −0.001% | $379K | $110K | 10x | as long as short |
| Phoenix BNB | +0.0117% | 1h | 789.14 | +0.012% | $170K | $35K | 10x | as long as short |
| dYdX BNB-USD | +0.0118% | 1h | 788.65 | −0.050% | $160K | $64K | 10x | as long as short |
| GRVT BNB_USDT_Perp | +0.0152% | 8h | 789.61 | +0.072% | $2.9M | $28.6M | 10x | as long as short |
| Kalshi KXBNBPERP | +0.0175% | 8h | 789.60 | +0.071% | $126K | $2.7M | 4.8x | as long as short |
| BloFin BNB-USDT | +0.0180% | 8h | 789.48 | +0.055% | $18.1M | $2.2M | 75x | as long as short |
| Bulk BNB-USD | +0.0216% | 1h | 789.05 | +0.001% | $639K | $9K | 10x | as long as short |
| 01 Exchange BNBUSD | +0.0232% | 1h | 789.47 | +0.054% | $28K | $4K | 10x | as long as short |
| Kraken Futures PF_BNBUSDlong | +0.0263% | 1h | 789.04 | long leg | $2.5M | $1.2M | 50x | |
| Deribit BNB_USDC-PERPETUAL | +0.0300% | 1h | 789.50 | +0.058% | $1.5M | $143K | 25x | as long as short |
| Reya BNBRUSDPERP | +0.0326% | 1h | 788.65 | −0.050% | $6K | $3K | 40x | as long as short |
| Hibachi BNB/USDT-P | +0.0376% | 1h | 789.34 | +0.038% | $67K | $38K | 12x | as long as short |
| RISEx BNB/USDC | +0.0461% | 1h | 789.26 | +0.028% | $1.1M | $967K | 20x | as long as short |
Coinbase International BNB-PERP-INTX
Lighter BNB
Orderly PERP_BNB_USDC
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
Derive BNB-PERP
SunX BNB-USDT
SoDEX BNB-USD
HTX BNB-USDT
Paradex BNB-USD-PERP
Extended BNB-USD
Aevo BNB-PERP
Phoenix BNB
dYdX BNB-USD
GRVT BNB_USDT_Perp
Kalshi KXBNBPERP
BloFin BNB-USDT
Bulk BNB-USD
01 Exchange BNBUSD
Deribit BNB_USDC-PERPETUAL
Reya BNBRUSDPERP
Hibachi BNB/USDT-P
RISEx BNB/USDC