Funding you earn now, next payment 04:00 UTC+0.0001%/8h= +0.1% APRpaid last 24h −0.047%
Price spread now: Paradex against Backpack+0.034%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Paradex is 0.034% dearer against Backpack than usual: you sell high and buy low, +$3 on $10k if it 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 | 792.28 | 0.0100 | pay 0.0013% / 1h | 29m 45s | $2.2M | $6.1M | 40x |
| Short | Paradex BNB-USD-PERP | 792.55 | 0.0101 | get 0.0101% / 8h | 4h 29m | $77K | $17K | 50x |
Backpack BNB_USDC_PERP
Paradex BNB-USD-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Paradex 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
- $0.16
- Price spread: +0.034% → 0.000%
- $3.36
- Slippage, 4 orders
- no order book: not counted
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Paradex: 2 bp × 2 orders
- −$4
- Net
- −$10.48
- Costs to cover
- 0.140%
- Break-even
- 463.1 days
Slippage unknown: Backpack: live order book, 4 min ago; Paradex: 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, 4 min ago | 0.06 bp | 5.1 bp −$5 | 8.4 bp −$84 | doesn't fit | doesn't fit |
| Sell Paradex no order-book sample | — | — | — | — | — |
Paradex: 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 −0.0186% / S +0.0351% | 1h | 791.40 | −0.111% | $46K | — | 200x | as long as short |
| Hotstuff BNB-PERP | −0.0080% | 1h | 792.31 | +0.004% | $4K | $42 | 25x | as long as short |
| StandX BNB-USD | 0.0000% | 1h | 791.66 | −0.078% | $854K | $3.2M | 30x | as long as short |
| gTrade (Gains Network) BNB/USD | L +0.0007% / S −0.0007% | 1h | 791.44 | −0.106% | $9.5M | — | 150x | as long as short |
| Injective BNB/USDC PERP | +0.0033% | 1h | 805.09 | +1.617% | $19K | $789K | 30x | as long as short |
| Aster BNBUSDT | +0.0043% | 8h | 792.68 | +0.050% | $6.2M | $18.7M | 200x | as long as short |
| BingX BNB-USDC | +0.0052% | 8h | 791.56 | −0.091% | — | $13.4M | — | as long as short |
| Phemex BNBUSDT | +0.0059% | 8h | 792.21 | −0.009% | $69.3M | $49.9M | 50x | as long as short |
| Coinbase International BNB-PERP-INTX | +0.0064% | 1h | 789.45 | −0.357% | $582K | $1.9M | 50x | as long as short |
| MEXC BNB_USDT | +0.0066% | 8h | 792.60 | +0.040% | $80.4M | $12.3M | 200x | as long as short |
GMX BNB/USD [WBTC.b-USDC]
Hotstuff BNB-PERP
StandX BNB-USD
gTrade (Gains Network) BNB/USD
Injective BNB/USDC PERP
Aster BNBUSDT
BingX BNB-USDC
Phemex BNBUSDT
Coinbase International BNB-PERP-INTX
MEXC BNB_USDTShow all 46 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance BNBUSDT | +0.0066% | 8h | 792.30 | +0.003% | $494.6M | $789.0M | 75x | as long as short |
| Lighter BNB | +0.0096% | 1h | 791.76 | −0.066% | $2.8M | $3.8M | 20x | as long as short |
| Orderly PERP_BNB_USDC | +0.0100% | 8h | 791.70 | −0.073% | $266K | $492K | 50x | as long as short |
| Nado BNB-PERP | +0.0100% | 1h | 791.40 | −0.111% | $1.5M | $2.6M | 20x | as long as short |
| Hyperliquid BNB | +0.0100% | 1h | 792.25 | −0.004% | $52.0M | $17.6M | 10x | as long as short |
| Pacifica BNB | +0.0100% | 1h | 792.16 | −0.015% | $1.2M | $931K | 20x | as long as short |
| Bybit BNBUSDT | +0.0100% | 8h | 791.60 | −0.086% | $139.2M | $74.6M | 75x | as long as short |
| OKX BNB-USDT-SWAP | +0.0100% | 8h | 791.60 | −0.086% | $53.6M | $111.5M | 50x | as long as short |
| Arcus BNB-USD | +0.0100% | 1h | 792.00 | −0.035% | $52K | $130K | 10x | as long as short |
| Gate BNB_USDT | +0.0100% | 8h | 791.70 | −0.073% | $35.5M | $56.8M | 75x | as long as short |
| KuCoin BNBUSDTM | +0.0100% | 8h | 791.71 | −0.072% | $27.7M | $10.3M | 75x | as long as short |
| Bitget BNBUSDT | +0.0100% | 8h | 791.37 | −0.115% | $76.6M | $30.1M | 75x | as long as short |
| Backpack BNB_USDC_PERPlong | +0.0100% | 1h | 792.28 | long leg | $2.2M | $6.1M | 40x | |
| Variational Omni BNB | +0.0100% | 8h | 791.31 | −0.122% | $4.1M | $4.6M | — | as long as short |
| edgeX BNBUSDC | +0.0100% | 4h | 789.56 | −0.344% | $4.1M | $73.6M | 30x | as long as short |
| ApeX Omni BNBUSDT | +0.0100% | 1h | 790.95 | −0.168% | $159K | $440K | 50x | as long as short |
| Polymarket Perps BNB-USD | +0.0100% | 1h | 791.40 | −0.111% | $134K | $950K | 10x | as long as short |
| Derive BNB-PERP | +0.0100% | 1h | 791.77 | −0.064% | $31K | $12K | 10x | as long as short |
| SunX BNB-USDT | +0.0100% | 8h | 792.19 | −0.011% | $13K | $1.5M | 50x | as long as short |
| SoDEX BNB-USD | +0.0100% | 1h | 791.80 | −0.061% | $389K | $1.0M | 10x | as long as short |
| HTX BNB-USDT | +0.0100% | 8h | 791.51 | −0.097% | $8.1M | $9.4M | 75x | as long as short |
| Paradex BNB-USD-PERPshort | +0.0101% | 8h | 792.55 | +0.034% | $77K | $17K | 50x | |
| Extended BNB-USD | +0.0104% | 1h | 791.50 | −0.099% | $1.8M | $5.9M | 50x | as long as short |
| Aevo BNB-PERP | +0.0104% | 1h | 791.70 | −0.073% | $380K | $110K | 10x | as long as short |
| Phoenix BNB | +0.0117% | 1h | 789.61 | −0.337% | $170K | $35K | 10x | as long as short |
| dYdX BNB-USD | +0.0134% | 1h | 791.21 | −0.136% | $160K | $64K | 10x | as long as short |
| GRVT BNB_USDT_Perp | +0.0139% | 8h | 789.87 | −0.304% | $2.9M | $28.3M | 10x | as long as short |
| Kalshi KXBNBPERP | +0.0180% | 8h | 792.20 | −0.010% | $125K | $2.7M | 4.8x | as long as short |
| BloFin BNB-USDT | +0.0186% | 8h | 792.10 | −0.023% | $18.2M | $2.2M | 75x | as long as short |
| 01 Exchange BNBUSD | +0.0232% | 1h | 792.21 | −0.009% | $28K | $4K | 10x | as long as short |
| Bulk BNB-USD | +0.0245% | 1h | 789.82 | −0.310% | $640K | $9K | 10x | as long as short |
| Kraken Futures PF_BNBUSD | +0.0263% | 1h | 791.55 | −0.092% | $2.5M | $1.2M | 50x | as long as short |
| Reya BNBRUSDPERP | +0.0326% | 1h | 791.20 | −0.136% | $6K | $3K | 40x | as long as short |
| Deribit BNB_USDC-PERPETUAL | +0.0400% | 1h | 792.10 | −0.022% | $1.5M | $143K | 25x | as long as short |
| Hibachi BNB/USDT-P | +0.0432% | 1h | 791.58 | −0.089% | $68K | $38K | 12x | as long as short |
| RISEx BNB/USDC | +0.0461% | 1h | 792.13 | −0.020% | $1.1M | $973K | 20x | as long as short |
Binance BNBUSDT
Lighter BNB
Orderly PERP_BNB_USDC
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
Derive BNB-PERP
SunX BNB-USDT
SoDEX BNB-USD
HTX BNB-USDT
Extended BNB-USD
Aevo BNB-PERP
Phoenix BNB
dYdX BNB-USD
GRVT BNB_USDT_Perp
Kalshi KXBNBPERP
BloFin BNB-USDT
01 Exchange BNBUSD
Bulk BNB-USD
Kraken Futures PF_BNBUSD
Reya BNBRUSDPERP
Deribit BNB_USDC-PERPETUAL
Hibachi BNB/USDT-P
RISEx BNB/USDC