Funding you earn now, next payment 22:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.00 per $10,000 · paid last 24h −0.003%
Price spread now: Derive against Coinbase International+0.210%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Derive is 0.210% dearer against Coinbase International than usual: you sell high and buy low, +$21 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 | Coinbase International BNB-PERP-INTX | 805.54 | 0.0096 | pay 0.0012% / 1h | 39m 35s | $608K | $881K | 50x |
| Short | Derive BNB-PERP | 807.23 | 0.0100 | get 0.0013% / 1h | 39m 35s | $32K | $5K | 10x |
Coinbase International BNB-PERP-INTX
Derive BNB-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Derive against Coinbase International. 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
- $0.84
- Price spread: +0.210% → 0.000%
- $20.98
- Slippage, 4 orders
- no order book: not counted
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Derive: 3 bp × 2 orders
- −$6
- Net
- $5.82
- Costs to cover
- 0.160%
- Break-even
- from the start
Slippage unknown: Coinbase International: live order book, 44 min ago; Derive: 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 Coinbase International live order book, 44 min ago | 2.42 bp | 7.5 bp −$8 | 14.0 bp −$140 | doesn't fit | doesn't fit |
| Sell Derive no order-book sample | — | — | — | — | — |
Derive: 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 −0.0201% / S +0.0372% | 1h | 806.94 | +0.174% | $48K | — | 200x | as long as short |
| Hotstuff BNB-PERP | −0.0080% | 1h | 806.78 | +0.154% | $4K | $1K | 25x | as long as short |
| GRVT BNB_USDT_Perp | 0.0000% | 8h | 806.21 | +0.083% | $3.0M | $29.2M | 10x | as long as short |
| Kalshi KXBNBPERP | 0.0000% | 8h | 807.40 | +0.231% | $108K | $2.5M | 4.8x | as long as short |
| StandX BNB-USD | 0.0000% | 1h | 806.73 | +0.148% | $872K | $2.8M | 30x | as long as short |
| gTrade (Gains Network) BNB/USD | L +0.0008% / S −0.0007% | 1h | 806.95 | +0.176% | $9.8M | — | 150x | as long as short |
| Variational Omni BNB | +0.0044% | 8h | 806.56 | +0.126% | $4.1M | $5.3M | — | as long as short |
| BingX BNB-USDT | +0.0059% | 8h | 806.37 | +0.103% | — | $34.5M | — | as long as short |
| Bybit BNBUSDT | +0.0083% | 8h | 806.00 | +0.057% | $139.6M | $81.1M | 75x | as long as short |
| Hibachi BNB/USDT-P | +0.0088% | 1h | 806.88 | +0.167% | $72K | $48K | 12x | 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
Variational Omni BNB
BingX BNB-USDT
Bybit BNBUSDT
Hibachi BNB/USDT-PShow all 46 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter BNB | +0.0096% | 1h | 806.58 | +0.129% | $2.8M | $4.2M | 20x | as long as short |
| Coinbase International BNB-PERP-INTXlong | +0.0096% | 1h | 805.54 | long leg | $608K | $881K | 50x | |
| Nado BNB-PERP | +0.0100% | 1h | 806.60 | +0.132% | $1.5M | $2.7M | 20x | as long as short |
| Pacifica BNB | +0.0100% | 1h | 806.73 | +0.148% | $1.2M | $923K | 20x | as long as short |
| OKX BNB-USDT-SWAP | +0.0100% | 8h | 806.20 | +0.082% | $55.1M | $116.0M | 50x | as long as short |
| Arcus BNB-USD | +0.0100% | 1h | 806.70 | +0.144% | $53K | $170K | 10x | as long as short |
| Gate BNB_USDT | +0.0100% | 8h | 806.30 | +0.094% | $36.1M | $57.6M | 75x | as long as short |
| KuCoin BNBUSDTM | +0.0100% | 8h | 806.39 | +0.106% | $28.2M | $10.5M | 75x | as long as short |
| Bitget BNBUSDT | +0.0100% | 8h | 805.83 | +0.036% | $78.8M | $25.0M | 75x | as long as short |
| edgeX BNBUSDC | +0.0100% | 4h | 806.39 | +0.105% | $4.2M | $76.5M | 30x | as long as short |
| ApeX Omni BNBUSDT | +0.0100% | 1h | 806.49 | +0.118% | $162K | $440K | 50x | as long as short |
| Polymarket Perps BNB-USD | +0.0100% | 1h | 806.85 | +0.163% | $116K | $870K | 10x | as long as short |
| Orderly PERP_BNB_USDC | +0.0100% | 8h | 806.94 | +0.174% | $390K | $592K | 50x | as long as short |
| Derive BNB-PERPshort | +0.0100% | 1h | 807.23 | +0.210% | $32K | $5K | 10x | |
| SunX BNB-USDT | +0.0100% | 8h | 807.57 | +0.252% | $13K | $1.7M | 50x | as long as short |
| HTX BNB-USDT | +0.0100% | 8h | 806.92 | +0.171% | $8.2M | $7.6M | 75x | as long as short |
| Paradex BNB-USD-PERP | +0.0100% | 8h | 807.09 | +0.192% | $79K | $19K | 50x | as long as short |
| Extended BNB-USD | +0.0104% | 1h | 805.91 | +0.046% | $1.9M | $6.0M | 50x | as long as short |
| Aevo BNB-PERP | +0.0104% | 1h | 807.04 | +0.186% | $388K | $40K | 10x | as long as short |
| Aster BNBUSDT | +0.0107% | 8h | 807.37 | +0.228% | $6.4M | $18.8M | 200x | as long as short |
| MEXC BNB_USDT | +0.0121% | 8h | 807.30 | +0.218% | $84.8M | $13.4M | 200x | as long as short |
| Binance BNBUSDT | +0.0122% | 8h | 806.97 | +0.178% | $521.0M | $803.4M | 75x | as long as short |
| Phemex BNBUSDT | +0.0132% | 8h | 807.53 | +0.247% | $70.5M | $51.7M | 50x | as long as short |
| Phoenix BNB | +0.0155% | 1h | 807.20 | +0.206% | $173K | $35K | 10x | as long as short |
| SoDEX BNB-USD | +0.0188% | 1h | 807.00 | +0.181% | $397K | $1.0M | 10x | as long as short |
| dYdX BNB-USD | +0.0195% | 1h | 806.57 | +0.128% | $163K | $63K | 10x | as long as short |
| Kraken Futures PF_BNBUSD | +0.0205% | 1h | 806.94 | +0.174% | $2.5M | $929K | 50x | as long as short |
| Hyperliquid BNB | +0.0213% | 1h | 807.40 | +0.231% | $52.0M | $21.8M | 10x | as long as short |
| BloFin BNB-USDT | +0.0241% | 8h | 807.24 | +0.211% | $18.8M | $2.6M | 75x | as long as short |
| Bulk BNB-USD | +0.0295% | 1h | 807.66 | +0.263% | $652K | $14K | 10x | as long as short |
| Deribit BNB_USDC-PERPETUAL | +0.0300% | 1h | 807.45 | +0.237% | $1.6M | $165K | 25x | as long as short |
| Injective BNB/USDC PERP | +0.0311% | 1h | 805.09 | −0.056% | $19K | $789K | 30x | as long as short |
| RISEx BNB/USDC | +0.0318% | 1h | 806.58 | +0.129% | $1.1M | $1.4M | 20x | as long as short |
| Reya BNBRUSDPERP | +0.0333% | 1h | 806.47 | +0.115% | $6K | $3K | 40x | as long as short |
| 01 Exchange BNBUSD | +0.0360% | 1h | 807.09 | +0.192% | $29K | $1K | 10x | as long as short |
| Backpack BNB_USDC_PERP | +0.0704% | 1h | 807.97 | +0.302% | $3.0M | $5.5M | 40x | as long as short |
Lighter BNB
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
Orderly PERP_BNB_USDC
SunX BNB-USDT
HTX BNB-USDT
Paradex BNB-USD-PERP
Extended BNB-USD
Aevo BNB-PERP
Aster BNBUSDT
MEXC BNB_USDT
Binance BNBUSDT
Phemex BNBUSDT
Phoenix BNB
SoDEX BNB-USD
dYdX BNB-USD
Kraken Futures PF_BNBUSD
Hyperliquid BNB
BloFin BNB-USDT
Bulk BNB-USD
Deribit BNB_USDC-PERPETUAL
Injective BNB/USDC PERP
RISEx BNB/USDC
Reya BNBRUSDPERP
01 Exchange BNBUSD
Backpack BNB_USDC_PERP