Funding you earn now, next payment 03:00 UTC−0.0134%/8h= −14.7% APRnext payment −$0.17 per $10,000 · paid last 24h +0.051%
Price spread now: dYdX against Bulk+0.115%7-day average −0.101% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$29as in the Price arb table
costs, in and out, $10k−$500.504% of the position
Funding, last 4 days (all we have)+0.150%+$15 on $10k
+Price spread, last 4 days (all we have)−0.035%−$3 · spread now +0.115%, 7d avg −0.101%
=The price spread pays, funding is against you. dYdX is 0.216% dearer against Bulk than usual: you sell high and buy low (spread +0.115% now, against its 7-day average of −0.101%): +$22 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 5.4 days. Mind the row above: over the last 4 days funding on this pair paid +0.150%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bulk BNB-USD | 788.05 | 0.0373 | pay 0.0047% / 1h | 42m 01s | $638K | $13K | 10x |
| Short | dYdX BNB-USD | 788.96 | 0.0239 | get 0.0030% / 1h | 42m 01s | $160K | $63K | 10x |
Bulk BNB-USD
dYdX BNB-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
dYdX against Bulk. 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
- −$28.18
- Price spread: +0.115% → −0.101%
- $21.59
- Slippage, 4 orders
- −$33.42
- Fee Bulk: 3.5 bp × 2 orders
- −$7
- Fee dYdX: 5 bp × 2 orders
- −$10
- Net
- −$57
- Costs to cover
- 0.504%
- Break-even
- never at this rate
Slippage from Bulk: live order book, 22 min ago; dYdX: live order book, 22 min ago.
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 Bulk live order book, 22 min ago | 0.06 bp | 3.6 bp −$4 | 3.8 bp −$38 | 6.6 bp −$659 | 15.4 bp −$7,688 |
| Sell dYdX live order book, 22 min ago | 16.57 bp | 21.6 bp −$22 | 59.3 bp −$593 | 91.8 bp −$9,176 | 335.1 bp −$167.5K |
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 −0.0167% / S +0.0335% | 1h | 789.07 | +0.129% | $46K | — | 200x | as long as short |
| Hotstuff BNB-PERP | −0.0080% | 1h | 788.72 | +0.085% | $4K | $239 | 25x | as long as short |
| StandX BNB-USD | 0.0000% | 1h | 789.67 | +0.205% | $853K | $3.2M | 30x | as long as short |
| gTrade (Gains Network) BNB/USD | L +0.0008% / S −0.0007% | 1h | 789.09 | +0.132% | $9.6M | — | 150x | as long as short |
| Injective BNB/USDC PERP | +0.0033% | 1h | 805.09 | +2.162% | $19K | $789K | 30x | as long as short |
| Aster BNBUSDT | +0.0041% | 8h | 789.15 | +0.140% | $6.2M | $18.7M | 200x | as long as short |
| Coinbase International BNB-PERP-INTX | +0.0048% | 1h | 789.09 | +0.132% | $618K | $1.8M | 50x | as long as short |
| BingX BNB-USDC | +0.0055% | 8h | 788.17 | +0.015% | — | $13.4M | — | as long as short |
| Phemex BNBUSDT | +0.0069% | 8h | 789.64 | +0.201% | $69.1M | $50.9M | 50x | as long as short |
| MEXC BNB_USDT | +0.0073% | 8h | 789.00 | +0.120% | $80.2M | $12.4M | 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
Coinbase International BNB-PERP-INTX
BingX BNB-USDC
Phemex BNBUSDT
MEXC BNB_USDTShow all 46 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance BNBUSDT | +0.0075% | 8h | 788.54 | +0.062% | $493.1M | $806.5M | 75x | as long as short |
| Variational Omni BNB | +0.0078% | 8h | 787.81 | −0.031% | $4.1M | $4.7M | — | as long as short |
| Kraken Futures PF_BNBUSD | +0.0091% | 1h | 789.23 | +0.149% | $2.5M | $1.2M | 50x | as long as short |
| Lighter BNB | +0.0096% | 1h | 789.35 | +0.165% | $2.8M | $3.9M | 20x | as long as short |
| Orderly PERP_BNB_USDC | +0.0100% | 8h | 789.07 | +0.129% | $265K | $497K | 50x | as long as short |
| Nado BNB-PERP | +0.0100% | 1h | 789.15 | +0.139% | $1.5M | $2.6M | 20x | as long as short |
| Hyperliquid BNB | +0.0100% | 1h | 789.35 | +0.165% | $51.7M | $18.4M | 10x | as long as short |
| Pacifica BNB | +0.0100% | 1h | 789.64 | +0.201% | $1.2M | $909K | 20x | as long as short |
| Bybit BNBUSDT | +0.0100% | 8h | 787.90 | −0.019% | $138.5M | $77.4M | 75x | as long as short |
| OKX BNB-USDT-SWAP | +0.0100% | 8h | 787.70 | −0.045% | $53.5M | $112.3M | 50x | as long as short |
| Arcus BNB-USD | +0.0100% | 1h | 789.50 | +0.184% | $52K | $130K | 10x | as long as short |
| Gate BNB_USDT | +0.0100% | 8h | 788.05 | 0.000% | $35.2M | $56.8M | 75x | as long as short |
| KuCoin BNBUSDTM | +0.0100% | 8h | 788.36 | +0.039% | $27.7M | $10.4M | 75x | as long as short |
| Bitget BNBUSDT | +0.0100% | 8h | 788.08 | +0.003% | $76.8M | $30.0M | 75x | as long as short |
| Backpack BNB_USDC_PERP | +0.0100% | 1h | 789.06 | +0.128% | $2.2M | $6.1M | 40x | as long as short |
| edgeX BNBUSDC | +0.0100% | 4h | 788.50 | +0.057% | $4.1M | $77.0M | 30x | as long as short |
| ApeX Omni BNBUSDT | +0.0100% | 1h | 788.65 | +0.076% | $159K | $439K | 50x | as long as short |
| Polymarket Perps BNB-USD | +0.0100% | 1h | 789.16 | +0.140% | $137K | $946K | 10x | as long as short |
| Derive BNB-PERP | +0.0100% | 1h | 789.31 | +0.159% | $31K | $12K | 10x | as long as short |
| SunX BNB-USDT | +0.0100% | 8h | 789.87 | +0.231% | $12K | $1.6M | 50x | as long as short |
| HTX BNB-USDT | +0.0100% | 8h | 789.22 | +0.149% | $8.1M | $9.1M | 75x | as long as short |
| Paradex BNB-USD-PERP | +0.0103% | 8h | 790.08 | +0.257% | $77K | $17K | 50x | as long as short |
| Extended BNB-USD | +0.0104% | 1h | 787.85 | −0.026% | $1.8M | $5.9M | 50x | as long as short |
| Aevo BNB-PERP | +0.0104% | 1h | 789.13 | +0.136% | $379K | $110K | 10x | as long as short |
| Phoenix BNB | +0.0107% | 1h | 788.34 | +0.036% | $169K | $35K | 10x | as long as short |
| GRVT BNB_USDT_Perp | +0.0122% | 8h | 788.59 | +0.069% | $2.9M | $28.3M | 10x | as long as short |
| SoDEX BNB-USD | +0.0166% | 1h | 789.20 | +0.145% | $388K | $1.0M | 10x | as long as short |
| Kalshi KXBNBPERP | +0.0183% | 8h | 789.60 | +0.196% | $95K | $2.8M | 4.8x | as long as short |
| BloFin BNB-USDT | +0.0193% | 8h | 789.60 | +0.196% | $18.2M | $2.3M | 75x | as long as short |
| dYdX BNB-USDshort | +0.0239% | 1h | 788.96 | +0.115% | $160K | $63K | 10x | |
| 01 Exchange BNBUSD | +0.0312% | 1h | 789.99 | +0.246% | $28K | $4K | 10x | as long as short |
| Reya BNBRUSDPERP | +0.0328% | 1h | 789.00 | +0.120% | $6K | $3K | 40x | as long as short |
| RISEx BNB/USDC | +0.0361% | 1h | 789.68 | +0.207% | $1.1M | $1.0M | 20x | as long as short |
| Bulk BNB-USDlong | +0.0373% | 1h | 788.05 | long leg | $638K | $13K | 10x | |
| Deribit BNB_USDC-PERPETUAL | +0.0400% | 1h | 789.56 | +0.191% | $1.5M | $152K | 25x | as long as short |
| Hibachi BNB/USDT-P | +0.0576% | 1h | 788.44 | +0.049% | $67K | $38K | 12x | as long as short |
Binance BNBUSDT
Variational Omni BNB
Kraken Futures PF_BNBUSD
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
Backpack BNB_USDC_PERP
edgeX BNBUSDC
ApeX Omni BNBUSDT
Polymarket Perps BNB-USD
Derive BNB-PERP
SunX BNB-USDT
HTX BNB-USDT
Paradex BNB-USD-PERP
Extended BNB-USD
Aevo BNB-PERP
Phoenix BNB
GRVT BNB_USDT_Perp
SoDEX BNB-USD
Kalshi KXBNBPERP
BloFin BNB-USDT
01 Exchange BNBUSD
Reya BNBRUSDPERP
RISEx BNB/USDC
Deribit BNB_USDC-PERPETUAL
Hibachi BNB/USDT-P