Funding you earn now, next payment 10:00 UTC−0.0436%/8h= −47.8% APRnext payment −$0.55 per $10,000 · paid last 24h −0.122%
Price spread now: GMX against Pacifica−0.075%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work against this trade now: funding costs −$13 a day on $10k at the current rate, and GMX is 0.075% cheaper against Pacifica than usual: you would sell low and buy high (−$8 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 | Pacifica BNB | 787.17 | 0.0100 | pay 0.0013% / 1h | 18m 05s | $1.2M | $933K | 20x |
| Short | GMX BNB/USD [WBTC.b-USDC] | 786.58 | L −0.0166% / S +0.0336% | pay 0.0042% / 1h | 18m 05s | $43K | — | 200x |
Pacifica BNB
GMX BNB/USD [WBTC.b-USDC]Funding history
latest
Range statsloading…
Price spread between the two exchanges
GMX against Pacifica. 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
- −$91.66
- Price spread: −0.075% → 0.000%
- −$7.5
- Slippage, 4 orders
- no order book: not counted
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- −$119.16
- Costs to cover
- 0.200%
- Break-even
- never at this rate
Slippage unknown: Pacifica: 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 Pacifica live order book, 4 min ago | 0.44 bp | 6.6 bp −$7 | 9.2 bp −$92 | 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 45 exchanges
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 −0.0166% / S +0.0336% | 1h | 786.58 | −0.075% | $43K | — | 200x | |
| Hotstuff BNB-PERP | −0.0080% | 1h | 787.06 | −0.014% | $4K | — | 25x | as long as short |
| Aster BNBUSDT | 0.0000% | 8h | 787.91 | +0.094% | $5.9M | $17.4M | 200x | as long as short |
| GRVT BNB_USDT_Perp | 0.0000% | 8h | 787.34 | +0.022% | $3.0M | $26.4M | 10x | as long as short |
| Kalshi KXBNBPERP | 0.0000% | 8h | 787.30 | +0.017% | $149K | $2.5M | 4.8x | as long as short |
| StandX BNB-USD | 0.0000% | 1h | 786.95 | −0.028% | $849K | $2.8M | 30x | as long as short |
| gTrade (Gains Network) BNB/USD | L +0.0007% / S −0.0007% | 1h | 786.58 | −0.075% | $9.5M | — | 150x | as long as short |
| MEXC BNB_USDT | +0.0020% | 8h | 788.90 | +0.220% | $83.4M | $12.2M | 200x | as long as short |
| Binance BNBUSDT | +0.0020% | 8h | 788.04 | +0.111% | $482.1M | $778.8M | 75x | as long as short |
| Injective BNB/USDC PERP | +0.0033% | 1h | 805.09 | +2.277% | $19K | $789K | 30x | as long as short |
Hotstuff BNB-PERP
Aster BNBUSDT
GRVT BNB_USDT_Perp
Kalshi KXBNBPERP
StandX BNB-USD
gTrade (Gains Network) BNB/USD
MEXC BNB_USDT
Binance BNBUSDT
Injective BNB/USDC PERPShow all 45 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_BNBUSD | +0.0035% | 1h | 787.43 | +0.034% | $2.5M | $1.3M | 50x | as long as short |
| Bybit BNBUSDT | +0.0073% | 8h | 787.15 | −0.003% | $138.7M | $68.3M | 75x | as long as short |
| BloFin BNB-USDT | +0.0080% | 8h | 787.36 | +0.024% | $17.6M | $2.2M | 75x | as long as short |
| Phemex BNBUSDT | +0.0090% | 8h | 787.97 | +0.102% | $68.5M | $51.2M | 50x | as long as short |
| Phoenix BNB | +0.0094% | 1h | 787.39 | +0.028% | $158K | $45K | 10x | as long as short |
| Lighter BNB | +0.0096% | 1h | 787.51 | +0.043% | $2.7M | $3.4M | 20x | as long as short |
| Nado BNB-PERP | +0.0100% | 1h | 787.10 | −0.009% | $1.4M | $2.4M | 20x | as long as short |
| Hyperliquid BNB | +0.0100% | 1h | 788.02 | +0.108% | $51.8M | $17.0M | 10x | as long as short |
| Pacifica BNBlong | +0.0100% | 1h | 787.17 | long leg | $1.2M | $933K | 20x | |
| OKX BNB-USDT-SWAP | +0.0100% | 8h | 787.20 | +0.004% | $53.3M | $104.3M | 50x | as long as short |
| Arcus BNB-USD | +0.0100% | 1h | 787.50 | +0.042% | $57K | $122K | 10x | as long as short |
| Gate BNB_USDT | +0.0100% | 8h | 787.35 | +0.023% | $40.7M | $55.3M | 75x | as long as short |
| KuCoin BNBUSDTM | +0.0100% | 8h | 787.10 | −0.009% | $28.2M | $9.7M | 75x | as long as short |
| Bitget BNBUSDT | +0.0100% | 8h | 787.01 | −0.020% | $75.6M | $32.2M | 75x | as long as short |
| BingX BNB-USDT | +0.0100% | 8h | 787.54 | +0.047% | — | $22.2M | — | as long as short |
| Backpack BNB_USDC_PERP | +0.0100% | 1h | 787.56 | +0.050% | $2.2M | $6.1M | 40x | as long as short |
| Variational Omni BNB | +0.0100% | 8h | 786.49 | −0.087% | $4.3M | $4.5M | — | as long as short |
| edgeX BNBUSDC | +0.0100% | 4h | 787.61 | +0.056% | $4.1M | $75.5M | 30x | as long as short |
| ApeX Omni BNBUSDT | +0.0100% | 1h | 787.82 | +0.083% | $159K | $445K | 50x | as long as short |
| Polymarket Perps BNB-USD | +0.0100% | 1h | 787.50 | +0.042% | $130K | $911K | 10x | as long as short |
| Orderly PERP_BNB_USDC | +0.0100% | 8h | 787.42 | +0.032% | $264K | $299K | 50x | as long as short |
| SunX BNB-USDT | +0.0100% | 8h | 787.98 | +0.103% | $12K | $1.4M | 50x | as long as short |
| SoDEX BNB-USD | +0.0100% | 1h | 787.50 | +0.042% | $387K | $927K | 10x | as long as short |
| HTX BNB-USDT | +0.0100% | 8h | 787.48 | +0.039% | $8.0M | $10.2M | 75x | as long as short |
| Paradex BNB-USD-PERP | +0.0100% | 8h | 787.46 | +0.037% | $78K | $337K | 50x | as long as short |
| Extended BNB-USD | +0.0104% | 1h | 786.87 | −0.039% | $1.8M | $5.6M | 50x | as long as short |
| Aevo BNB-PERP | +0.0104% | 1h | 787.35 | +0.022% | $378K | $110K | 10x | as long as short |
| Coinbase International BNB-PERP-INTX | +0.0136% | 1h | 786.42 | −0.095% | $544K | $1.9M | 50x | as long as short |
| Deribit BNB_USDC-PERPETUAL | +0.0200% | 1h | 787.78 | +0.078% | $1.5M | $158K | 25x | as long as short |
| Bulk BNB-USD | +0.0212% | 1h | 787.70 | +0.068% | $638K | $0 | 10x | as long as short |
| 01 Exchange BNBUSD | +0.0240% | 1h | 788.01 | +0.107% | $28K | $3K | 10x | as long as short |
| Reya BNBRUSDPERP | +0.0317% | 1h | 786.92 | −0.032% | $6K | $3K | 40x | as long as short |
| RISEx BNB/USDC | +0.0345% | 1h | 787.69 | +0.066% | $1.1M | $910K | 20x | as long as short |
| Hibachi BNB/USDT-P | +0.0352% | 1h | 786.84 | −0.042% | $67K | $37K | 12x | as long as short |
| dYdX BNB-USD | +0.0376% | 1h | 787.28 | +0.015% | $158K | $36K | 10x | as long as short |
Kraken Futures PF_BNBUSD
Bybit BNBUSDT
BloFin BNB-USDT
Phemex BNBUSDT
Phoenix BNB
Lighter BNB
Nado BNB-PERP
Hyperliquid BNB
OKX BNB-USDT-SWAP
Arcus BNB-USD
Gate BNB_USDT
KuCoin BNBUSDTM
Bitget BNBUSDT
BingX BNB-USDT
Backpack BNB_USDC_PERP
Variational Omni BNB
edgeX BNBUSDC
ApeX Omni BNBUSDT
Polymarket Perps BNB-USD
Orderly PERP_BNB_USDC
SunX BNB-USDT
SoDEX BNB-USD
HTX BNB-USDT
Paradex BNB-USD-PERP
Extended BNB-USD
Aevo BNB-PERP
Coinbase International BNB-PERP-INTX
Deribit BNB_USDC-PERPETUAL
Bulk BNB-USD
01 Exchange BNBUSD
Reya BNBRUSDPERP
RISEx BNB/USDC
Hibachi BNB/USDT-P
dYdX BNB-USD