Funding you earn now, next payment 23:00 UTC−0.0615%/8h= −67.3% APRnext payment −$0.77 per $10,000 · paid last 24h −0.037%
Price spread now: Derive against Backpack−0.074%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 −$18 a day on $10k at the current rate, and Derive is 0.074% cheaper against Backpack than usual: you would sell low and buy high (−$7 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 | Backpack BNB_USDC_PERP | 807.73 | 0.0715 | pay 0.0089% / 1h | 41m 48s | $3.0M | $5.5M | 40x |
| Short | Derive BNB-PERP | 807.14 | 0.0100 | get 0.0013% / 1h | 41m 48s | $32K | $5K | 10x |
Backpack BNB_USDC_PERP
Derive BNB-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Derive against Backpack. 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
- −$129.13
- Price spread: −0.074% → 0.000%
- −$7.35
- Slippage, 4 orders
- no order book: not counted
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Derive: 3 bp × 2 orders
- −$6
- Net
- −$152.49
- Costs to cover
- 0.160%
- Break-even
- never at this rate
Slippage unknown: Backpack: live order book, 2 min ago; Derive: 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 Backpack live order book, 2 min ago | 0.06 bp | 5.2 bp −$5 | 12.3 bp −$123 | doesn't fit | doesn't fit |
| Sell Derive no order-book sample | — | — | — | — | — |
Derive: 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] | L −0.0195% / S +0.0371% | 1h | 806.77 | −0.118% | $49K | — | 200x | as long as short |
| Hotstuff BNB-PERP | −0.0080% | 1h | 806.43 | −0.161% | $4K | $1K | 25x | as long as short |
| GRVT BNB_USDT_Perp | 0.0000% | 8h | 806.21 | −0.189% | $3.0M | $29.2M | 10x | as long as short |
| Kalshi KXBNBPERP | 0.0000% | 8h | 807.50 | −0.028% | $108K | $2.5M | 4.8x | as long as short |
| StandX BNB-USD | 0.0000% | 1h | 805.76 | −0.244% | $871K | $2.8M | 30x | as long as short |
| gTrade (Gains Network) BNB/USD | L +0.0008% / S −0.0007% | 1h | 806.87 | −0.106% | $9.8M | — | 150x | as long as short |
| Variational Omni BNB | +0.0048% | 8h | 804.97 | −0.341% | $4.1M | $5.3M | — | as long as short |
| BingX BNB-USDT | +0.0059% | 8h | 807.21 | −0.064% | — | $34.5M | — | as long as short |
| Hibachi BNB/USDT-P | +0.0080% | 1h | 805.86 | −0.231% | $71K | $48K | 12x | as long as short |
| Bybit BNBUSDT | +0.0083% | 8h | 806.56 | −0.145% | $139.7M | $81.2M | 75x | as long as short |
GMX BNB/USD [WBTC.b-USDC]
Hotstuff BNB-PERP
GRVT BNB_USDT_Perp
Kalshi KXBNBPERP
StandX BNB-USD
gTrade (Gains Network) BNB/USD
Variational Omni BNB
BingX BNB-USDT
Hibachi BNB/USDT-P
Bybit BNBUSDTShow all 46 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter BNB | +0.0096% | 1h | 807.20 | −0.066% | $2.8M | $4.2M | 20x | as long as short |
| Coinbase International BNB-PERP-INTX | +0.0096% | 1h | 805.54 | −0.271% | $608K | $881K | 50x | as long as short |
| Nado BNB-PERP | +0.0100% | 1h | 806.45 | −0.158% | $1.5M | $2.7M | 20x | as long as short |
| Pacifica BNB | +0.0100% | 1h | 806.62 | −0.137% | $1.2M | $924K | 20x | as long as short |
| OKX BNB-USDT-SWAP | +0.0100% | 8h | 806.80 | −0.115% | $55.1M | $116.0M | 50x | as long as short |
| Arcus BNB-USD | +0.0100% | 1h | 806.80 | −0.115% | $53K | $170K | 10x | as long as short |
| Gate BNB_USDT | +0.0100% | 8h | 806.90 | −0.103% | $36.1M | $57.5M | 75x | as long as short |
| KuCoin BNBUSDTM | +0.0100% | 8h | 806.75 | −0.121% | $28.2M | $10.5M | 75x | as long as short |
| Bitget BNBUSDT | +0.0100% | 8h | 806.73 | −0.124% | $78.9M | $25.0M | 75x | as long as short |
| edgeX BNBUSDC | +0.0100% | 4h | 806.31 | −0.176% | $4.2M | $76.6M | 30x | as long as short |
| ApeX Omni BNBUSDT | +0.0100% | 1h | 806.49 | −0.154% | $162K | $440K | 50x | as long as short |
| Polymarket Perps BNB-USD | +0.0100% | 1h | 806.65 | −0.134% | $116K | $870K | 10x | as long as short |
| Orderly PERP_BNB_USDC | +0.0100% | 8h | 806.85 | −0.109% | $390K | $592K | 50x | as long as short |
| Derive BNB-PERPshort | +0.0100% | 1h | 807.14 | −0.074% | $32K | $5K | 10x | |
| SunX BNB-USDT | +0.0100% | 8h | 806.36 | −0.170% | $13K | $1.7M | 50x | as long as short |
| HTX BNB-USDT | +0.0100% | 8h | 806.81 | −0.114% | $8.2M | $7.6M | 75x | as long as short |
| Paradex BNB-USD-PERP | +0.0100% | 8h | 807.01 | −0.090% | $79K | $19K | 50x | as long as short |
| Extended BNB-USD | +0.0104% | 1h | 806.61 | −0.139% | $1.9M | $6.0M | 50x | as long as short |
| Aevo BNB-PERP | +0.0104% | 1h | 807.11 | −0.077% | $388K | $40K | 10x | as long as short |
| Aster BNBUSDT | +0.0107% | 8h | 807.70 | −0.004% | $6.4M | $18.8M | 200x | as long as short |
| MEXC BNB_USDT | +0.0120% | 8h | 808.00 | +0.033% | $84.8M | $13.4M | 200x | as long as short |
| Binance BNBUSDT | +0.0121% | 8h | 807.67 | −0.007% | $521.7M | $803.8M | 75x | as long as short |
| Phemex BNBUSDT | +0.0131% | 8h | 807.43 | −0.037% | $70.5M | $51.7M | 50x | as long as short |
| Phoenix BNB | +0.0155% | 1h | 806.22 | −0.187% | $173K | $35K | 10x | as long as short |
| SoDEX BNB-USD | +0.0186% | 1h | 807.00 | −0.090% | $397K | $1.0M | 10x | as long as short |
| Hyperliquid BNB | +0.0203% | 1h | 807.98 | +0.031% | $52.0M | $22.1M | 10x | as long as short |
| Kraken Futures PF_BNBUSD | +0.0205% | 1h | 806.81 | −0.114% | $2.5M | $929K | 50x | as long as short |
| dYdX BNB-USD | +0.0207% | 1h | 806.57 | −0.143% | $163K | $63K | 10x | as long as short |
| BloFin BNB-USDT | +0.0241% | 8h | 806.53 | −0.149% | $18.8M | $3.1M | 75x | as long as short |
| Bulk BNB-USD | +0.0274% | 1h | 805.55 | −0.270% | $651K | $14K | 10x | as long as short |
| Deribit BNB_USDC-PERPETUAL | +0.0300% | 1h | 807.40 | −0.041% | $1.6M | $165K | 25x | as long as short |
| Injective BNB/USDC PERP | +0.0311% | 1h | 805.09 | −0.327% | $19K | $789K | 30x | as long as short |
| RISEx BNB/USDC | +0.0318% | 1h | 806.89 | −0.103% | $1.1M | $1.4M | 20x | as long as short |
| Reya BNBRUSDPERP | +0.0333% | 1h | 806.42 | −0.162% | $6K | $3K | 40x | as long as short |
| 01 Exchange BNBUSD | +0.0352% | 1h | 807.43 | −0.037% | $29K | $1K | 10x | as long as short |
| Backpack BNB_USDC_PERPlong | +0.0715% | 1h | 807.73 | long leg | $3.0M | $5.5M | 40x |
Lighter BNB
Coinbase International BNB-PERP-INTX
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
SunX BNB-USDT
HTX BNB-USDT
Paradex BNB-USD-PERP
Extended BNB-USD
Aevo BNB-PERP
Aster BNBUSDT
MEXC BNB_USDT
Binance BNBUSDT
Phemex BNBUSDT
Phoenix BNB
SoDEX BNB-USD
Hyperliquid BNB
Kraken Futures PF_BNBUSD
dYdX BNB-USD
BloFin BNB-USDT
Bulk BNB-USD
Deribit BNB_USDC-PERPETUAL
Injective BNB/USDC PERP
RISEx BNB/USDC
Reya BNBRUSDPERP
01 Exchange BNBUSD