Funding you earn now, next payment 08:00 UTC−0.0437%/8h= −47.8% APRnext payment −$0.55 per $10,000 · paid last 24h −0.119%
Price spread now: GMX against SoDEX−0.033%7-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
Both sides work against this trade now: funding costs −$13 a day on $10k at the current rate, and GMX is 0.033% cheaper against SoDEX than usual: you would sell low and buy high (−$3 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 | SoDEX BNB-USD | 786.50 | 0.0100 | pay 0.0013% / 1h | 56m 29s | $387K | $976K | 10x |
| Short | GMX BNB/USD [WBTC.b-USDC] | 786.24 | L −0.0170% / S +0.0337% | pay 0.0042% / 1h | 56m 29s | $43K | — | 200x |
SoDEX BNB-USD
GMX BNB/USD [WBTC.b-USDC]Funding history
latest
Range statsloading…
Price spread between the two exchanges
GMX against SoDEX. 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
- −$91.67
- Price spread: −0.033% → 0.000%
- −$3.35
- Slippage, 4 orders
- no order book: not counted
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- −$115.01
- Costs to cover
- 0.200%
- Break-even
- never at this rate
Slippage unknown: SoDEX: live order book, 57 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 SoDEX live order book, 57 min ago | 0.63 bp | 4.6 bp −$5 | 8.6 bp −$86 | 75.0 bp −$7,497 | 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 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 −0.0170% / S +0.0337% | 1h | 786.24 | −0.033% | $43K | — | 200x | |
| Hotstuff BNB-PERP | −0.0080% | 1h | 786.61 | +0.014% | $4K | $42 | 25x | as long as short |
| Kraken Futures PF_BNBUSD | −0.0050% | 1h | 786.37 | −0.016% | $2.5M | $1.2M | 50x | as long as short |
| StandX BNB-USD | 0.0000% | 1h | 786.96 | +0.058% | $849K | $2.7M | 30x | as long as short |
| gTrade (Gains Network) BNB/USD | L +0.0007% / S −0.0007% | 1h | 786.29 | −0.027% | $9.5M | — | 150x | as long as short |
| Injective BNB/USDC PERP | +0.0033% | 1h | 805.09 | +2.364% | $19K | $789K | 30x | as long as short |
| BingX BNB-USDC | +0.0047% | 8h | 786.31 | −0.024% | — | $13.4M | — | as long as short |
| Aster BNBUSDT | +0.0048% | 8h | 786.70 | +0.025% | $6.1M | $18.8M | 200x | as long as short |
| MEXC BNB_USDT | +0.0056% | 8h | 787.40 | +0.114% | $81.1M | $11.9M | 200x | as long as short |
| Binance BNBUSDT | +0.0057% | 8h | 786.64 | +0.018% | $488.9M | $821.4M | 75x | as long as short |
Hotstuff BNB-PERP
Kraken Futures PF_BNBUSD
StandX BNB-USD
gTrade (Gains Network) BNB/USD
Injective BNB/USDC PERP
BingX BNB-USDC
Aster BNBUSDT
MEXC BNB_USDT
Binance BNBUSDTShow all 46 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phemex BNBUSDT | +0.0076% | 8h | 787.01 | +0.065% | $68.7M | $51.4M | 50x | as long as short |
| dYdX BNB-USD | +0.0091% | 1h | 786.64 | +0.018% | $159K | $62K | 10x | as long as short |
| Lighter BNB | +0.0096% | 1h | 786.46 | −0.006% | $2.7M | $3.8M | 20x | as long as short |
| Nado BNB-PERP | +0.0100% | 1h | 786.05 | −0.057% | $1.4M | $2.7M | 20x | as long as short |
| Hyperliquid BNB | +0.0100% | 1h | 786.74 | +0.030% | $51.5M | $17.7M | 10x | as long as short |
| Pacifica BNB | +0.0100% | 1h | 786.50 | −0.001% | $1.2M | $934K | 20x | as long as short |
| Bybit BNBUSDT | +0.0100% | 8h | 786.00 | −0.064% | $138.3M | $75.0M | 75x | as long as short |
| OKX BNB-USDT-SWAP | +0.0100% | 8h | 785.90 | −0.076% | $53.5M | $113.1M | 50x | as long as short |
| Arcus BNB-USD | +0.0100% | 1h | 786.40 | −0.013% | $52K | $129K | 10x | as long as short |
| Gate BNB_USDT | +0.0100% | 8h | 786.20 | −0.038% | $38.0M | $57.4M | 75x | as long as short |
| KuCoin BNBUSDTM | +0.0100% | 8h | 786.10 | −0.051% | $27.7M | $10.2M | 75x | as long as short |
| Bitget BNBUSDT | +0.0100% | 8h | 785.86 | −0.081% | $76.7M | $31.6M | 75x | as long as short |
| Backpack BNB_USDC_PERP | +0.0100% | 1h | 786.71 | +0.027% | $2.2M | $6.1M | 40x | as long as short |
| Variational Omni BNB | +0.0100% | 8h | 785.91 | −0.075% | $4.0M | $4.8M | — | as long as short |
| edgeX BNBUSDC | +0.0100% | 4h | 786.97 | +0.060% | $4.1M | $76.1M | 30x | as long as short |
| ApeX Omni BNBUSDT | +0.0100% | 1h | 786.93 | +0.055% | $158K | $438K | 50x | as long as short |
| Polymarket Perps BNB-USD | +0.0100% | 1h | 785.99 | −0.065% | $131K | $953K | 10x | as long as short |
| Orderly PERP_BNB_USDC | +0.0100% | 8h | 786.47 | −0.004% | $265K | $449K | 50x | as long as short |
| Derive BNB-PERP | +0.0100% | 1h | 786.35 | −0.019% | $31K | $12K | 10x | as long as short |
| SunX BNB-USDT | +0.0100% | 8h | 786.97 | +0.059% | $12K | $1.5M | 50x | as long as short |
| SoDEX BNB-USDlong | +0.0100% | 1h | 786.50 | long leg | $387K | $976K | 10x | |
| HTX BNB-USDT | +0.0100% | 8h | 786.52 | +0.002% | $8.0M | $10.3M | 75x | as long as short |
| Paradex BNB-USD-PERP | +0.0100% | 8h | 786.81 | +0.040% | $78K | $18K | 50x | as long as short |
| Extended BNB-USD | +0.0104% | 1h | 785.89 | −0.077% | $1.8M | $5.9M | 50x | as long as short |
| Aevo BNB-PERP | +0.0104% | 1h | 786.42 | −0.010% | $378K | $110K | 10x | as long as short |
| Coinbase International BNB-PERP-INTX | +0.0104% | 1h | 787.43 | +0.118% | $564K | $1.9M | 50x | as long as short |
| Kalshi KXBNBPERP | +0.0119% | 8h | 786.60 | +0.013% | $171K | $2.7M | 4.8x | as long as short |
| Phoenix BNB | +0.0135% | 1h | 786.82 | +0.041% | $169K | $35K | 10x | as long as short |
| BloFin BNB-USDT | +0.0177% | 8h | 787.02 | +0.066% | $17.7M | $2.2M | 75x | as long as short |
| Deribit BNB_USDC-PERPETUAL | +0.0200% | 1h | 786.84 | +0.043% | $1.5M | $145K | 25x | as long as short |
| GRVT BNB_USDT_Perp | +0.0226% | 8h | 787.06 | +0.071% | $2.9M | $28.6M | 10x | as long as short |
| Bulk BNB-USD | +0.0230% | 1h | 786.88 | +0.049% | $638K | $831 | 10x | as long as short |
| 01 Exchange BNBUSD | +0.0280% | 1h | 786.66 | +0.020% | $28K | $4K | 10x | as long as short |
| Reya BNBRUSDPERP | +0.0321% | 1h | 785.70 | −0.102% | $6K | $3K | 40x | as long as short |
| RISEx BNB/USDC | +0.0350% | 1h | 786.37 | −0.016% | $1.1M | $920K | 20x | as long as short |
| Hibachi BNB/USDT-P | +0.0456% | 1h | 786.47 | −0.004% | $67K | $39K | 12x | as long as short |
Phemex BNBUSDT
dYdX BNB-USD
Lighter BNB
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
Orderly PERP_BNB_USDC
Derive BNB-PERP
SunX BNB-USDT
HTX BNB-USDT
Paradex BNB-USD-PERP
Extended BNB-USD
Aevo BNB-PERP
Coinbase International BNB-PERP-INTX
Kalshi KXBNBPERP
Phoenix BNB
BloFin BNB-USDT
Deribit BNB_USDC-PERPETUAL
GRVT BNB_USDT_Perp
Bulk BNB-USD
01 Exchange BNBUSD
Reya BNBRUSDPERP
RISEx BNB/USDC
Hibachi BNB/USDT-P