BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC+0.0326%/8h= +35.7% APRnext payment +$0.41 per $10,000 · paid last 24h +0.092%

Price spread now: Kraken Futures against GMX+0.020%54s7-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 Kraken Futures

What this pair did over the last

the charts below follow

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 for this trade now. Funding pays +$10 a day on $10k at the current rate, and Kraken Futures is 0.020% dearer against GMX than usual: you sell high and buy low: +$2 more if the spread goes back to zero (this spread has no 7-day history yet). 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	GMX BNB/USD [WBTC.b-USDC]	806.03	L −0.0195% / S +0.0371%	get 0.0024% / 1h	31m 21s	$49K	—	200x
Short	Kraken Futures PF_BNBUSD	806.19	0.0131	get 0.0016% / 1h	31m 21s	$2.5M	$915K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now +0.020%Rate

Funding earned: $68.4
Price spread: +0.020% → 0.000%: $2.02
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $48.42
Costs to cover: 0.220%
Break-even: 2.0 days

Slippage unknown: GMX: no order-book sample; Kraken Futures: live order book, 3 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 Kraken Futures live order book, 3 min ago	3.79 bp	10.7 bp −$11	15.0 bp −$150	30.0 bp −$2,996	95.9 bp −$47.9K

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]long	L −0.0195% / S +0.0371%	1h	806.03	long leg	$49K	—	200x
Hotstuff BNB-PERP	−0.0080%	1h	806.42	+0.048%	$4K	$1K	25x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	805.11	−0.115%	$3.0M	$29.8M	10x	as long as short
Kalshi KXBNBPERP	0.0000%	8h	806.60	+0.070%	$115K	$2.5M	4.8x	as long as short
StandX BNB-USD	0.0000%	1h	804.73	−0.162%	$870K	$3.0M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0008%	1h	806.16	+0.016%	$9.8M	—	150x	as long as short
Coinbase International BNB-PERP-INTX	+0.0064%	1h	805.24	−0.098%	$609K	$903K	50x	as long as short
Variational Omni BNB	+0.0069%	8h	804.46	−0.195%	$4.1M	$5.5M	—	as long as short
BingX BNB-USDC	+0.0074%	8h	806.10	+0.008%	—	$13.3M	—	as long as short
Phemex BNBUSDT	+0.0089%	8h	806.75	+0.089%	$70.5M	$51.4M	50x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC BNB_USDT	+0.0094%	8h	807.30	+0.157%	$84.7M	$15.0M	200x	as long as short
Binance BNBUSDT	+0.0094%	8h	806.69	+0.082%	$519.9M	$806.9M	75x	as long as short
Aster BNBUSDT	+0.0095%	8h	806.56	+0.065%	$6.3M	$18.9M	200x	as long as short
Lighter BNB	+0.0096%	1h	806.04	+0.001%	$2.8M	$4.2M	20x	as long as short
Nado BNB-PERP	+0.0100%	1h	805.70	−0.041%	$1.4M	$2.8M	20x	as long as short
Pacifica BNB	+0.0100%	1h	806.05	+0.002%	$1.2M	$915K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	805.82	−0.026%	$139.3M	$84.1M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	806.00	−0.004%	$55.2M	$116.0M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	806.10	+0.008%	$52K	$222K	10x	as long as short
Bulk BNB-USD	+0.0100%	1h	806.70	+0.083%	$652K	$11K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	805.90	−0.016%	$36.2M	$58.6M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	805.79	−0.030%	$28.2M	$10.5M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	805.79	−0.030%	$79.1M	$24.5M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	805.33	−0.087%	$4.2M	$76.9M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	805.27	−0.095%	$159K	$437K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	805.90	−0.016%	$119K	$876K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	806.14	+0.013%	$390K	$596K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	806.26	+0.028%	$32K	$5K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	806.26	+0.028%	$13K	$1.7M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	806.20	+0.021%	$397K	$1.0M	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	806.10	+0.009%	$8.2M	$7.1M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	806.56	+0.065%	$79K	$19K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	805.67	−0.045%	$1.9M	$6.3M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	806.26	+0.028%	$387K	$40K	10x	as long as short
Phoenix BNB	+0.0110%	1h	805.55	−0.060%	$173K	$35K	10x	as long as short
Kraken Futures PF_BNBUSDshort	+0.0131%	1h	806.19	+0.020%	$2.5M	$915K	50x
RISEx BNB/USDC	+0.0143%	1h	806.17	+0.017%	$1.1M	$1.4M	20x	as long as short
Injective BNB/USDC PERP	+0.0157%	1h	800.33	−0.707%	$19K	$423K	30x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0200%	1h	806.73	+0.086%	$1.6M	$160K	25x	as long as short
BloFin BNB-USDT	+0.0214%	8h	806.63	+0.074%	$18.8M	$3.0M	75x	as long as short
Hyperliquid BNB	+0.0217%	1h	806.86	+0.103%	$51.8M	$21.5M	10x	as long as short
Hibachi BNB/USDT-P	+0.0224%	1h	805.97	−0.008%	$72K	$48K	12x	as long as short
01 Exchange BNBUSD	+0.0296%	1h	806.73	+0.087%	$29K	$1K	10x	as long as short
Reya BNBRUSDPERP	+0.0336%	1h	805.72	−0.038%	$6K	$3K	40x	as long as short
dYdX BNB-USD	+0.0388%	1h	805.88	−0.018%	$171K	$55K	10x	as long as short
Backpack BNB_USDC_PERP	+0.0625%	1h	807.04	+0.125%	$3.0M	$5.3M	40x	as long as short