Funding you earn now, next payment 08:00 UTC+0.0356%/8h= +39.0% APRnext payment +$0.44 per $10,000 · paid last 24h +0.029%
Price spread now: Hibachi against Backpack+0.050%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.371%+$37 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work for this trade now. Funding pays +$11 a day on $10k at the current rate, and Hibachi is 0.050% dearer against Backpack than usual: you sell high and buy low: +$5 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack BNB_USDC_PERP | 787.31 | 0.0100 | pay 0.0013% / 1h | 45m 42s | $2.2M | $6.1M | 40x |
| Short | Hibachi BNB/USDT-P | 787.70 | 0.0456 | get 0.0057% / 1h | 45m 42s | $67K | $39K | 12x |
Backpack BNB_USDC_PERP
Hibachi BNB/USDT-PFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hibachi 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
- $74.76
- Price spread: +0.050% → 0.000%
- $4.96
- Slippage, 4 orders
- no order book: not counted
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Hibachi: 4.5 bp × 2 orders
- −$9
- Net
- $60.72
- Costs to cover
- 0.190%
- Break-even
- 1.3 days
Slippage unknown: Backpack: live order book, 3 min ago; Hibachi: 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, 3 min ago | 0.06 bp | 5.3 bp −$5 | 6.8 bp −$68 | doesn't fit | doesn't fit |
| Sell Hibachi no order-book sample | — | — | — | — | — |
Hibachi: 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 −0.0168% / S +0.0337% | 1h | 787.10 | −0.026% | $43K | — | 200x | as long as short |
| Hotstuff BNB-PERP | −0.0080% | 1h | 787.67 | +0.046% | $4K | $42 | 25x | as long as short |
| Kraken Futures PF_BNBUSD | −0.0050% | 1h | 786.95 | −0.046% | $2.5M | $1.2M | 50x | as long as short |
| StandX BNB-USD | 0.0000% | 1h | 788.07 | +0.097% | $850K | $2.7M | 30x | as long as short |
| gTrade (Gains Network) BNB/USD | L +0.0007% / S −0.0007% | 1h | 786.87 | −0.056% | $9.5M | — | 150x | as long as short |
| Injective BNB/USDC PERP | +0.0033% | 1h | 805.09 | +2.258% | $19K | $789K | 30x | as long as short |
| BingX BNB-USDC | +0.0045% | 8h | 787.16 | −0.019% | — | $13.4M | — | as long as short |
| dYdX BNB-USD | +0.0046% | 1h | 787.24 | −0.009% | $160K | $62K | 10x | as long as short |
| Aster BNBUSDT | +0.0047% | 8h | 787.50 | +0.024% | $6.1M | $18.9M | 200x | as long as short |
| Binance BNBUSDT | +0.0056% | 8h | 787.46 | +0.019% | $489.3M | $821.1M | 75x | as long as short |
GMX BNB/USD [WBTC.b-USDC]
Hotstuff BNB-PERP
Kraken Futures PF_BNBUSD
StandX BNB-USD
gTrade (Gains Network) BNB/USD
Injective BNB/USDC PERP
BingX BNB-USDC
dYdX BNB-USD
Aster BNBUSDT
Binance BNBUSDTShow all 46 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC BNB_USDT | +0.0056% | 8h | 788.00 | +0.088% | $81.1M | $11.9M | 200x | as long as short |
| Phemex BNBUSDT | +0.0076% | 8h | 787.61 | +0.038% | $68.8M | $51.3M | 50x | as long as short |
| Lighter BNB | +0.0096% | 1h | 787.04 | −0.034% | $2.7M | $3.8M | 20x | as long as short |
| Phoenix BNB | +0.0100% | 1h | 787.03 | −0.036% | $169K | $35K | 10x | as long as short |
| Nado BNB-PERP | +0.0100% | 1h | 787.20 | −0.014% | $1.4M | $2.7M | 20x | as long as short |
| Hyperliquid BNB | +0.0100% | 1h | 787.52 | +0.027% | $51.5M | $17.7M | 10x | as long as short |
| Pacifica BNB | +0.0100% | 1h | 787.18 | −0.016% | $1.2M | $934K | 20x | as long as short |
| Bybit BNBUSDT | +0.0100% | 8h | 786.81 | −0.064% | $138.4M | $74.7M | 75x | as long as short |
| OKX BNB-USDT-SWAP | +0.0100% | 8h | 786.80 | −0.065% | $53.5M | $113.1M | 50x | as long as short |
| Arcus BNB-USD | +0.0100% | 1h | 787.40 | +0.011% | $52K | $129K | 10x | as long as short |
| Gate BNB_USDT | +0.0100% | 8h | 786.85 | −0.058% | $38.2M | $57.5M | 75x | as long as short |
| KuCoin BNBUSDTM | +0.0100% | 8h | 786.63 | −0.086% | $27.7M | $10.2M | 75x | as long as short |
| Bitget BNBUSDT | +0.0100% | 8h | 786.55 | −0.097% | $76.4M | $31.8M | 75x | as long as short |
| Backpack BNB_USDC_PERPlong | +0.0100% | 1h | 787.31 | long leg | $2.2M | $6.1M | 40x | |
| Variational Omni BNB | +0.0100% | 8h | 787.00 | −0.040% | $4.0M | $4.7M | — | as long as short |
| edgeX BNBUSDC | +0.0100% | 4h | 787.24 | −0.009% | $4.1M | $76.2M | 30x | as long as short |
| ApeX Omni BNBUSDT | +0.0100% | 1h | 787.79 | +0.061% | $159K | $438K | 50x | as long as short |
| Polymarket Perps BNB-USD | +0.0100% | 1h | 787.03 | −0.036% | $132K | $953K | 10x | as long as short |
| Orderly PERP_BNB_USDC | +0.0100% | 8h | 787.18 | −0.017% | $265K | $430K | 50x | as long as short |
| Derive BNB-PERP | +0.0100% | 1h | 787.48 | +0.021% | $31K | $12K | 10x | as long as short |
| SunX BNB-USDT | +0.0100% | 8h | 787.78 | +0.059% | $12K | $1.5M | 50x | as long as short |
| SoDEX BNB-USD | +0.0100% | 1h | 787.30 | −0.001% | $387K | $975K | 10x | as long as short |
| HTX BNB-USDT | +0.0100% | 8h | 787.23 | −0.011% | $8.0M | $10.3M | 75x | as long as short |
| Paradex BNB-USD-PERP | +0.0100% | 8h | 787.87 | +0.071% | $78K | $18K | 50x | as long as short |
| Extended BNB-USD | +0.0104% | 1h | 786.49 | −0.104% | $1.8M | $5.9M | 50x | as long as short |
| Aevo BNB-PERP | +0.0104% | 1h | 787.18 | −0.016% | $378K | $110K | 10x | as long as short |
| Coinbase International BNB-PERP-INTX | +0.0104% | 1h | 787.56 | +0.032% | $559K | $1.9M | 50x | as long as short |
| Kalshi KXBNBPERP | +0.0114% | 8h | 787.60 | +0.037% | $170K | $2.7M | 4.8x | as long as short |
| BloFin BNB-USDT | +0.0176% | 8h | 787.95 | +0.081% | $17.8M | $2.2M | 75x | as long as short |
| Deribit BNB_USDC-PERPETUAL | +0.0200% | 1h | 787.58 | +0.034% | $1.5M | $145K | 25x | as long as short |
| Bulk BNB-USD | +0.0210% | 1h | 786.98 | −0.042% | $638K | $831 | 10x | as long as short |
| GRVT BNB_USDT_Perp | +0.0226% | 8h | 787.42 | +0.013% | $2.9M | $28.6M | 10x | as long as short |
| 01 Exchange BNBUSD | +0.0264% | 1h | 787.83 | +0.066% | $28K | $4K | 10x | as long as short |
| Reya BNBRUSDPERP | +0.0321% | 1h | 786.85 | −0.059% | $6K | $3K | 40x | as long as short |
| RISEx BNB/USDC | +0.0350% | 1h | 787.55 | +0.031% | $1.1M | $907K | 20x | as long as short |
| Hibachi BNB/USDT-Pshort | +0.0456% | 1h | 787.70 | +0.050% | $67K | $39K | 12x |
MEXC BNB_USDT
Phemex BNBUSDT
Lighter BNB
Phoenix BNB
Nado BNB-PERP
Hyperliquid BNB
Pacifica BNB
Bybit BNBUSDT
OKX BNB-USDT-SWAP
Arcus BNB-USD
Gate BNB_USDT
KuCoin BNBUSDTM
Bitget BNBUSDT
Variational Omni BNB
edgeX BNBUSDC
ApeX Omni BNBUSDT
Polymarket Perps BNB-USD
Orderly PERP_BNB_USDC
Derive BNB-PERP
SunX BNB-USDT
SoDEX BNB-USD
HTX BNB-USDT
Paradex BNB-USD-PERP
Extended BNB-USD
Aevo BNB-PERP
Coinbase International BNB-PERP-INTX
Kalshi KXBNBPERP
BloFin BNB-USDT
Deribit BNB_USDC-PERPETUAL
Bulk BNB-USD
GRVT BNB_USDT_Perp
01 Exchange BNBUSD
Reya BNBRUSDPERP
RISEx BNB/USDC