Funding you earn now, next payment 08:00 UTC−0.0078%/8h= −8.6% APRnext payment −$0.78 per $10,000 · paid last 24h −0.038%
Price spread now: Orderly against BloFin−0.110%7-day average −0.053% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.166%−$17 on $10k
+Price spread, last 4 days (all we have)+0.086%+$9 · spread now −0.110%, 7d avg −0.053%
=Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Orderly is 0.057% cheaper against BloFin than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of −0.053%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin BNB-USDT | 789.86 | 0.0178 | pay 0.0178% / 8h | 3h 58m | $18.1M | $2.2M | 75x |
| Short | Orderly PERP_BNB_USDC | 788.99 | 0.0100 | get 0.0100% / 8h | 3h 58m | $265K | $492K | 50x |
BloFin BNB-USDT
Orderly PERP_BNB_USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly against BloFin. 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
- −$16.43
- Price spread: −0.110% → −0.053%
- −$5.67
- Slippage, 4 orders
- no order book: not counted
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- −$40.1
- Costs to cover
- 0.180%
- Break-even
- never at this rate
Slippage unknown: BloFin: live order book, 5 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 BloFin live order book, 5 min ago | 0.06 bp | 6.3 bp −$6 | 6.9 bp −$69 | 11.9 bp −$1,187 | doesn't fit |
| 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 −0.0190% / S +0.0354% | 1h | 788.99 | −0.110% | $46K | — | 200x | as long as short |
| Kraken Futures PF_BNBUSD | −0.0124% | 1h | 788.99 | −0.110% | $2.5M | $1.2M | 50x | as long as short |
| Hotstuff BNB-PERP | −0.0080% | 1h | 789.15 | −0.090% | $4K | $42 | 25x | as long as short |
| StandX BNB-USD | 0.0000% | 1h | 789.65 | −0.027% | $852K | $3.2M | 30x | as long as short |
| gTrade (Gains Network) BNB/USD | L +0.0007% / S −0.0007% | 1h | 789.08 | −0.099% | $9.5M | — | 150x | as long as short |
| Injective BNB/USDC PERP | +0.0033% | 1h | 805.09 | +1.928% | $19K | $789K | 30x | as long as short |
| Aster BNBUSDT | +0.0036% | 8h | 789.37 | −0.062% | $6.1M | $18.7M | 200x | as long as short |
| BingX BNB-USDC | +0.0046% | 8h | 788.99 | −0.110% | — | $13.4M | — | as long as short |
| Phemex BNBUSDT | +0.0057% | 8h | 789.54 | −0.041% | $69.0M | $50.3M | 50x | as long as short |
| Binance BNBUSDT | +0.0058% | 8h | 789.32 | −0.068% | $492.8M | $792.8M | 75x | as long as short |
GMX BNB/USD [WBTC.b-USDC]
Kraken Futures PF_BNBUSD
Hotstuff BNB-PERP
StandX BNB-USD
gTrade (Gains Network) BNB/USD
Injective BNB/USDC PERP
Aster BNBUSDT
BingX BNB-USDC
Phemex BNBUSDT
Binance BNBUSDTShow all 46 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC BNB_USDT | +0.0058% | 8h | 789.70 | −0.020% | $80.1M | $12.0M | 200x | as long as short |
| Coinbase International BNB-PERP-INTX | +0.0072% | 1h | 789.35 | −0.065% | $580K | $1.9M | 50x | as long as short |
| Lighter BNB | +0.0096% | 1h | 789.09 | −0.097% | $2.7M | $3.8M | 20x | as long as short |
| Orderly PERP_BNB_USDCshort | +0.0100% | 8h | 788.99 | −0.110% | $265K | $492K | 50x | |
| Nado BNB-PERP | +0.0100% | 1h | 789.05 | −0.103% | $1.5M | $2.6M | 20x | as long as short |
| Hyperliquid BNB | +0.0100% | 1h | 789.33 | −0.067% | $51.8M | $17.5M | 10x | as long as short |
| Pacifica BNB | +0.0100% | 1h | 789.10 | −0.096% | $1.2M | $931K | 20x | as long as short |
| Bybit BNBUSDT | +0.0100% | 8h | 788.62 | −0.157% | $138.7M | $74.1M | 75x | as long as short |
| OKX BNB-USDT-SWAP | +0.0100% | 8h | 788.50 | −0.172% | $53.4M | $111.3M | 50x | as long as short |
| Arcus BNB-USD | +0.0100% | 1h | 789.20 | −0.084% | $52K | $133K | 10x | as long as short |
| Gate BNB_USDT | +0.0100% | 8h | 788.75 | −0.141% | $35.5M | $56.4M | 75x | as long as short |
| KuCoin BNBUSDTM | +0.0100% | 8h | 788.72 | −0.144% | $28.1M | $10.1M | 75x | as long as short |
| Bitget BNBUSDT | +0.0100% | 8h | 788.48 | −0.175% | $76.3M | $30.3M | 75x | as long as short |
| Backpack BNB_USDC_PERP | +0.0100% | 1h | 789.29 | −0.072% | $2.2M | $6.1M | 40x | as long as short |
| Variational Omni BNB | +0.0100% | 8h | 789.11 | −0.095% | $4.1M | $4.8M | — | as long as short |
| edgeX BNBUSDC | +0.0100% | 4h | 789.79 | −0.009% | $4.1M | $73.3M | 30x | as long as short |
| ApeX Omni BNBUSDT | +0.0100% | 1h | 789.32 | −0.068% | $159K | $440K | 50x | as long as short |
| Polymarket Perps BNB-USD | +0.0100% | 1h | 789.25 | −0.077% | $131K | $952K | 10x | as long as short |
| Derive BNB-PERP | +0.0100% | 1h | 789.05 | −0.102% | $31K | $12K | 10x | as long as short |
| SunX BNB-USDT | +0.0100% | 8h | 789.54 | −0.040% | $12K | $1.5M | 50x | as long as short |
| SoDEX BNB-USD | +0.0100% | 1h | 789.10 | −0.096% | $388K | $1.0M | 10x | as long as short |
| HTX BNB-USDT | +0.0100% | 8h | 789.25 | −0.077% | $8.1M | $9.5M | 75x | as long as short |
| Paradex BNB-USD-PERP | +0.0100% | 8h | 789.17 | −0.088% | $77K | $17K | 50x | as long as short |
| Extended BNB-USD | +0.0104% | 1h | 788.53 | −0.168% | $1.9M | $6.2M | 50x | as long as short |
| Aevo BNB-PERP | +0.0104% | 1h | 789.03 | −0.105% | $379K | $110K | 10x | as long as short |
| Phoenix BNB | +0.0117% | 1h | 789.25 | −0.077% | $170K | $34K | 10x | as long as short |
| GRVT BNB_USDT_Perp | +0.0157% | 8h | 789.58 | −0.035% | $2.9M | $28.5M | 10x | as long as short |
| dYdX BNB-USD | +0.0164% | 1h | 789.25 | −0.077% | $160K | $64K | 10x | as long as short |
| Kalshi KXBNBPERP | +0.0178% | 8h | 789.50 | −0.046% | $134K | $2.7M | 4.8x | as long as short |
| BloFin BNB-USDTlong | +0.0178% | 8h | 789.86 | long leg | $18.1M | $2.2M | 75x | |
| Bulk BNB-USD | +0.0216% | 1h | 788.57 | −0.163% | $639K | $9K | 10x | as long as short |
| 01 Exchange BNBUSD | +0.0272% | 1h | 789.27 | −0.075% | $28K | $4K | 10x | as long as short |
| Deribit BNB_USDC-PERPETUAL | +0.0300% | 1h | 789.41 | −0.057% | $1.5M | $143K | 25x | as long as short |
| Reya BNBRUSDPERP | +0.0325% | 1h | 788.90 | −0.121% | $6K | $3K | 40x | as long as short |
| Hibachi BNB/USDT-P | +0.0360% | 1h | 789.68 | −0.023% | $67K | $38K | 12x | as long as short |
| RISEx BNB/USDC | +0.0431% | 1h | 789.06 | −0.101% | $1.1M | $902K | 20x | as long as short |
MEXC BNB_USDT
Coinbase International BNB-PERP-INTX
Lighter BNB
Nado BNB-PERP
Hyperliquid BNB
Pacifica BNB
Bybit BNBUSDT
OKX BNB-USDT-SWAP
Arcus BNB-USD
Gate BNB_USDT
KuCoin BNBUSDTM
Bitget BNBUSDT
Backpack BNB_USDC_PERP
Variational Omni BNB
edgeX BNBUSDC
ApeX Omni BNBUSDT
Polymarket Perps BNB-USD
Derive BNB-PERP
SunX BNB-USDT
SoDEX BNB-USD
HTX BNB-USDT
Paradex BNB-USD-PERP
Extended BNB-USD
Aevo BNB-PERP
Phoenix BNB
GRVT BNB_USDT_Perp
dYdX BNB-USD
Kalshi KXBNBPERP
Bulk BNB-USD
01 Exchange BNBUSD
Deribit BNB_USDC-PERPETUAL
Reya BNBRUSDPERP
Hibachi BNB/USDT-P
RISEx BNB/USDC