Funding you earn now, next payment 00:00 UTC−0.0002%/8h= −0.3% APRnext payment −$0.02 per $10,000 · paid last 24h −0.011%
Price spread now: Orderly against Binance−0.071%7-day average −0.048% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.068%+$7 on $10k
+Price spread, last 3 days (all we have)−0.195%−$20 · spread now −0.071%, 7d avg −0.048%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Orderly is 0.023% cheaper against Binance than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of −0.048%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance BNBUSDT | 802.78 | 0.0102 | pay 0.0102% / 8h | 2h 49m | $517.8M | $807.2M | 75x |
| Short | Orderly PERP_BNB_USDC | 802.21 | 0.0100 | get 0.0100% / 8h | 2h 49m | $388K | $595K | 50x |
Binance BNBUSDT
Orderly PERP_BNB_USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly against Binance. 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
- −$0.5
- Price spread: −0.071% → −0.048%
- −$2.28
- Slippage, 4 orders
- no order book: not counted
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- −$18.77
- Costs to cover
- 0.160%
- Break-even
- never at this rate
Slippage unknown: Binance: live order book, 10 min ago; Orderly: 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 Binance live order book, 10 min ago | 0.06 bp | 5.1 bp −$5 | 5.4 bp −$54 | 14.6 bp −$1,460 | 42.2 bp −$21.1K |
| Sell Orderly no order-book sample | — | — | — | — | — |
Orderly: 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 | 802.28 | −0.062% | $48K | — | 200x | as long as short |
| Hotstuff BNB-PERP | −0.0080% | 1h | 802.82 | +0.005% | $4K | $1K | 25x | as long as short |
| GRVT BNB_USDT_Perp | 0.0000% | 8h | 803.08 | +0.037% | $3.0M | $30.0M | 10x | as long as short |
| Kalshi KXBNBPERP | 0.0000% | 8h | 802.90 | +0.015% | $109K | $2.5M | 4.8x | as long as short |
| StandX BNB-USD | 0.0000% | 1h | 803.33 | +0.069% | $868K | $3.0M | 30x | as long as short |
| gTrade (Gains Network) BNB/USD | L +0.0008% / S −0.0007% | 1h | 802.22 | −0.070% | $9.7M | — | 150x | as long as short |
| Kraken Futures PF_BNBUSD | +0.0038% | 1h | 802.31 | −0.058% | $2.5M | $916K | 50x | as long as short |
| Variational Omni BNB | +0.0063% | 8h | 802.15 | −0.078% | $4.1M | $5.3M | — | as long as short |
| BingX BNB-USDC | +0.0070% | 8h | 802.36 | −0.052% | — | $13.3M | — | as long as short |
| Aster BNBUSDT | +0.0086% | 8h | 802.86 | +0.010% | $6.4M | $18.9M | 200x | 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
Kraken Futures PF_BNBUSD
Variational Omni BNB
BingX BNB-USDC
Aster 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 | 803.99 | +0.151% | $608K | $898K | 50x | as long as short |
| Lighter BNB | +0.0096% | 1h | 802.32 | −0.058% | $2.8M | $4.2M | 20x | as long as short |
| Bybit BNBUSDT | +0.0098% | 8h | 801.70 | −0.135% | $138.8M | $83.5M | 75x | as long as short |
| Nado BNB-PERP | +0.0100% | 1h | 801.89 | −0.111% | $1.4M | $2.8M | 20x | as long as short |
| Pacifica BNB | +0.0100% | 1h | 802.46 | −0.040% | $1.2M | $923K | 20x | as long as short |
| OKX BNB-USDT-SWAP | +0.0100% | 8h | 802.10 | −0.085% | $54.9M | $115.2M | 50x | as long as short |
| Arcus BNB-USD | +0.0100% | 1h | 802.50 | −0.035% | $52K | $191K | 10x | as long as short |
| Gate BNB_USDT | +0.0100% | 8h | 801.90 | −0.110% | $35.9M | $58.2M | 75x | as long as short |
| KuCoin BNBUSDTM | +0.0100% | 8h | 802.11 | −0.083% | $28.1M | $10.5M | 75x | as long as short |
| Bitget BNBUSDT | +0.0100% | 8h | 801.78 | −0.125% | $78.9M | $24.6M | 75x | as long as short |
| edgeX BNBUSDC | +0.0100% | 4h | 803.76 | +0.122% | $4.2M | $76.8M | 30x | as long as short |
| ApeX Omni BNBUSDT | +0.0100% | 1h | 803.32 | +0.067% | $158K | $437K | 50x | as long as short |
| Polymarket Perps BNB-USD | +0.0100% | 1h | 802.18 | −0.075% | $118K | $869K | 10x | as long as short |
| Orderly PERP_BNB_USDCshort | +0.0100% | 8h | 802.21 | −0.071% | $388K | $595K | 50x | |
| Derive BNB-PERP | +0.0100% | 1h | 802.42 | −0.045% | $32K | $5K | 10x | as long as short |
| SunX BNB-USDT | +0.0100% | 8h | 802.83 | +0.006% | $13K | $1.7M | 50x | as long as short |
| SoDEX BNB-USD | +0.0100% | 1h | 802.30 | −0.060% | $395K | $1.0M | 10x | as long as short |
| Deribit BNB_USDC-PERPETUAL | +0.0100% | 1h | 802.72 | −0.008% | $1.6M | $162K | 25x | as long as short |
| HTX BNB-USDT | +0.0100% | 8h | 802.58 | −0.025% | $8.2M | $7.4M | 75x | as long as short |
| Paradex BNB-USD-PERP | +0.0100% | 8h | 802.90 | +0.016% | $78K | $19K | 50x | as long as short |
| MEXC BNB_USDT | +0.0102% | 8h | 803.40 | +0.077% | $84.3M | $13.5M | 200x | as long as short |
| Binance BNBUSDTlong | +0.0102% | 8h | 802.78 | long leg | $517.8M | $807.2M | 75x | |
| Extended BNB-USD | +0.0104% | 1h | 801.82 | −0.120% | $1.9M | $6.1M | 50x | as long as short |
| Aevo BNB-PERP | +0.0104% | 1h | 802.35 | −0.054% | $385K | $40K | 10x | as long as short |
| Phemex BNBUSDT | +0.0123% | 8h | 802.78 | 0.000% | $70.1M | $51.6M | 50x | as long as short |
| Phoenix BNB | +0.0125% | 1h | 803.11 | +0.041% | $173K | $35K | 10x | as long as short |
| Bulk BNB-USD | +0.0161% | 1h | 803.45 | +0.084% | $649K | $11K | 10x | as long as short |
| Hyperliquid BNB | +0.0161% | 1h | 802.90 | +0.015% | $51.6M | $21.3M | 10x | as long as short |
| RISEx BNB/USDC | +0.0209% | 1h | 802.63 | −0.018% | $1.1M | $1.4M | 20x | as long as short |
| dYdX BNB-USD | +0.0216% | 1h | 802.35 | −0.054% | $170K | $55K | 10x | as long as short |
| BloFin BNB-USDT | +0.0222% | 8h | 802.79 | +0.001% | $18.8M | $3.1M | 75x | as long as short |
| Hibachi BNB/USDT-P | +0.0248% | 1h | 802.79 | +0.001% | $71K | $48K | 12x | as long as short |
| 01 Exchange BNBUSD | +0.0320% | 1h | 802.94 | +0.020% | $28K | $1K | 10x | as long as short |
| Reya BNBRUSDPERP | +0.0335% | 1h | 801.97 | −0.101% | $6K | $3K | 40x | as long as short |
| Injective BNB/USDC PERP | +0.0353% | 1h | 804.92 | +0.267% | $19K | $526K | 30x | as long as short |
| Backpack BNB_USDC_PERP | +0.0671% | 1h | 803.50 | +0.090% | $3.0M | $5.3M | 40x | as long as short |
Coinbase International BNB-PERP-INTX
Lighter BNB
Bybit 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
Derive BNB-PERP
SunX BNB-USDT
SoDEX BNB-USD
Deribit BNB_USDC-PERPETUAL
HTX BNB-USDT
Paradex BNB-USD-PERP
MEXC BNB_USDT
Extended BNB-USD
Aevo BNB-PERP
Phemex BNBUSDT
Phoenix BNB
Bulk BNB-USD
Hyperliquid BNB
RISEx BNB/USDC
dYdX BNB-USD
BloFin BNB-USDT
Hibachi BNB/USDT-P
01 Exchange BNBUSD
Reya BNBRUSDPERP
Injective BNB/USDC PERP
Backpack BNB_USDC_PERP