Funding you earn now, next payment 22:00 UTC−0.0629%/8h= −68.9% APRnext payment −$0.79 per $10,000 · paid last 24h −0.183%
Price spread now: GMX against Bulk−0.089%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 −$19 a day on $10k at the current rate, and GMX is 0.089% cheaper against Bulk than usual: you would sell low and buy high (−$9 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 | Bulk BNB-USD | 805.37 | 0.0258 | pay 0.0032% / 1h | 8m 46s | $651K | $14K | 10x |
| Short | GMX BNB/USD [WBTC.b-USDC] | 804.66 | L −0.0195% / S +0.0371% | pay 0.0046% / 1h | 8m 46s | $49K | — | 200x |
Bulk BNB-USD
GMX BNB/USD [WBTC.b-USDC]Funding history
latest
Range statsloading…
Price spread between the two exchanges
GMX against Bulk. 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
- −$132.15
- Price spread: −0.089% → 0.000%
- −$8.87
- Slippage, 4 orders
- no order book: not counted
- Fee Bulk: 3.5 bp × 2 orders
- −$7
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- −$160.02
- Costs to cover
- 0.190%
- Break-even
- never at this rate
Slippage unknown: Bulk: live order book, 15 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 Bulk live order book, 15 min ago | 0.06 bp | 3.6 bp −$4 | 3.7 bp −$37 | 6.0 bp −$597 | 13.9 bp −$6,931 |
| 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 −0.0195% / S +0.0371% | 1h | 804.66 | −0.089% | $49K | — | 200x | |
| Hotstuff BNB-PERP | −0.0080% | 1h | 805.47 | +0.012% | $4K | $1K | 25x | as long as short |
| GRVT BNB_USDT_Perp | 0.0000% | 8h | 805.45 | +0.010% | $3.0M | $29.5M | 10x | as long as short |
| Kalshi KXBNBPERP | 0.0000% | 8h | 805.70 | +0.041% | $114K | $2.5M | 4.8x | as long as short |
| StandX BNB-USD | 0.0000% | 1h | 805.12 | −0.031% | $870K | $2.8M | 30x | as long as short |
| gTrade (Gains Network) BNB/USD | L +0.0008% / S −0.0007% | 1h | 804.72 | −0.081% | $9.8M | — | 150x | as long as short |
| Kraken Futures PF_BNBUSD | +0.0038% | 1h | 805.06 | −0.039% | $2.5M | $919K | 50x | as long as short |
| Variational Omni BNB | +0.0049% | 8h | 804.63 | −0.092% | $4.1M | $5.4M | — | as long as short |
| BingX BNB-USDC | +0.0055% | 8h | 804.79 | −0.072% | — | $13.3M | — | as long as short |
| Bybit BNBUSDT | +0.0080% | 8h | 804.24 | −0.140% | $139.6M | $81.7M | 75x | as long as short |
Hotstuff BNB-PERP
GRVT BNB_USDT_Perp
Kalshi KXBNBPERP
StandX BNB-USD
gTrade (Gains Network) BNB/USD
Kraken Futures PF_BNBUSD
Variational Omni BNB
BingX BNB-USDC
Bybit BNBUSDTShow all 46 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International BNB-PERP-INTX | +0.0088% | 1h | 805.15 | −0.027% | $608K | $881K | 50x | as long as short |
| Lighter BNB | +0.0096% | 1h | 804.86 | −0.063% | $2.8M | $4.2M | 20x | as long as short |
| Aster BNBUSDT | +0.0098% | 8h | 805.26 | −0.014% | $6.4M | $18.8M | 200x | as long as short |
| Nado BNB-PERP | +0.0100% | 1h | 804.45 | −0.114% | $1.5M | $2.8M | 20x | as long as short |
| Pacifica BNB | +0.0100% | 1h | 804.95 | −0.052% | $1.2M | $924K | 20x | as long as short |
| OKX BNB-USDT-SWAP | +0.0100% | 8h | 804.40 | −0.121% | $55.2M | $116.1M | 50x | as long as short |
| Arcus BNB-USD | +0.0100% | 1h | 805.10 | −0.034% | $53K | $170K | 10x | as long as short |
| Gate BNB_USDT | +0.0100% | 8h | 804.55 | −0.102% | $36.1M | $59.2M | 75x | as long as short |
| KuCoin BNBUSDTM | +0.0100% | 8h | 804.50 | −0.108% | $28.2M | $10.5M | 75x | as long as short |
| Bitget BNBUSDT | +0.0100% | 8h | 804.17 | −0.149% | $78.9M | $24.8M | 75x | as long as short |
| edgeX BNBUSDC | +0.0100% | 4h | 805.53 | +0.019% | $4.2M | $76.3M | 30x | as long as short |
| ApeX Omni BNBUSDT | +0.0100% | 1h | 805.72 | +0.043% | $159K | $436K | 50x | as long as short |
| Polymarket Perps BNB-USD | +0.0100% | 1h | 804.60 | −0.096% | $116K | $873K | 10x | as long as short |
| Orderly PERP_BNB_USDC | +0.0100% | 8h | 804.93 | −0.055% | $389K | $592K | 50x | as long as short |
| Derive BNB-PERP | +0.0100% | 1h | 805.07 | −0.038% | $32K | $5K | 10x | as long as short |
| SunX BNB-USDT | +0.0100% | 8h | 805.29 | −0.009% | $13K | $1.7M | 50x | as long as short |
| Deribit BNB_USDC-PERPETUAL | +0.0100% | 1h | 805.45 | +0.010% | $1.6M | $165K | 25x | as long as short |
| HTX BNB-USDT | +0.0100% | 8h | 804.90 | −0.058% | $8.2M | $7.5M | 75x | as long as short |
| Paradex BNB-USD-PERP | +0.0100% | 8h | 805.70 | +0.041% | $79K | $19K | 50x | as long as short |
| Extended BNB-USD | +0.0104% | 1h | 804.37 | −0.124% | $1.9M | $5.9M | 50x | as long as short |
| Aevo BNB-PERP | +0.0104% | 1h | 805.16 | −0.026% | $387K | $40K | 10x | as long as short |
| MEXC BNB_USDT | +0.0115% | 8h | 805.40 | +0.004% | $84.5M | $13.7M | 200x | as long as short |
| Binance BNBUSDT | +0.0115% | 8h | 805.26 | −0.014% | $520.2M | $805.9M | 75x | as long as short |
| Phoenix BNB | +0.0125% | 1h | 805.62 | +0.031% | $173K | $35K | 10x | as long as short |
| Phemex BNBUSDT | +0.0135% | 8h | 805.31 | −0.008% | $70.3M | $51.8M | 50x | as long as short |
| SoDEX BNB-USD | +0.0195% | 1h | 805.00 | −0.046% | $396K | $1.0M | 10x | as long as short |
| Hyperliquid BNB | +0.0207% | 1h | 805.18 | −0.024% | $51.8M | $22.0M | 10x | as long as short |
| RISEx BNB/USDC | +0.0209% | 1h | 805.01 | −0.045% | $1.1M | $1.4M | 20x | as long as short |
| BloFin BNB-USDT | +0.0235% | 8h | 805.33 | −0.005% | $18.9M | $3.1M | 75x | as long as short |
| dYdX BNB-USD | +0.0243% | 1h | 804.86 | −0.063% | $170K | $55K | 10x | as long as short |
| Hibachi BNB/USDT-P | +0.0256% | 1h | 805.29 | −0.011% | $71K | $48K | 12x | as long as short |
| Bulk BNB-USDlong | +0.0258% | 1h | 805.37 | long leg | $651K | $14K | 10x | |
| Reya BNBRUSDPERP | +0.0334% | 1h | 804.42 | −0.118% | $6K | $3K | 40x | as long as short |
| 01 Exchange BNBUSD | +0.0344% | 1h | 805.54 | +0.021% | $28K | $1K | 10x | as long as short |
| Injective BNB/USDC PERP | +0.0353% | 1h | 804.89 | −0.060% | $19K | $627K | 30x | as long as short |
| Backpack BNB_USDC_PERP | +0.0650% | 1h | 805.86 | +0.061% | $3.0M | $5.5M | 40x | as long as short |
Coinbase International BNB-PERP-INTX
Lighter BNB
Aster BNBUSDT
Nado BNB-PERP
Pacifica BNB
OKX BNB-USDT-SWAP
Arcus BNB-USD
Gate BNB_USDT
KuCoin BNBUSDTM
Bitget BNBUSDT
edgeX BNBUSDC
ApeX Omni BNBUSDT
Polymarket Perps BNB-USD
Orderly PERP_BNB_USDC
Derive BNB-PERP
SunX BNB-USDT
Deribit BNB_USDC-PERPETUAL
HTX BNB-USDT
Paradex BNB-USD-PERP
Extended BNB-USD
Aevo BNB-PERP
MEXC BNB_USDT
Binance BNBUSDT
Phoenix BNB
Phemex BNBUSDT
SoDEX BNB-USD
Hyperliquid BNB
RISEx BNB/USDC
BloFin BNB-USDT
dYdX BNB-USD
Hibachi BNB/USDT-P
Reya BNBRUSDPERP
01 Exchange BNBUSD
Injective BNB/USDC PERP
Backpack BNB_USDC_PERP