Funding you earn now, next payment 22:00 UTC−0.0089%/8h= −9.7% APRnext payment −$0.11 per $10,000 · paid last 24h −0.026%
Price spread now: gTrade (Gains Network) against Coinbase International−0.007%52s7-day average +0.012% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$2862.864% of the position
Funding, last 3 days (all we have)−0.018%−$2 on $10k
+Price spread, last 3 days (all we have)+0.090%+$9 · spread now −0.007%, 7d avg +0.012%
=The price spread sits at its 7-day average of +0.012%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate. The two prices were read 52 seconds apart, so part of this spread may be the market moving, not a spread.
| 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 | 36m 30s | $608K | $881K | 50x |
| Short | gTrade (Gains Network) BNB/USD | 805.48 | L +0.0008% / S −0.0007% | get 0.0001% / 1h | 36m 30s | $9.8M | — | 150x |
Coinbase International BNB-PERP-INTX
gTrade (Gains Network) BNB/USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
gTrade (Gains Network) 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
- −$18.6
- Price spread: −0.007% → +0.012%
- −$1.91
- Slippage, 4 orders
- −$266.4
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee gTrade (Gains Network): 5 bp × 2 orders
- −$10
- Net
- −$306.91
- Costs to cover
- 2.864%
- Break-even
- never at this rate
Slippage from Coinbase International: live order book, 47 min ago; gTrade (Gains Network): virtual book (oracle venue), 3 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 Coinbase International live order book, 47 min ago | 2.42 bp | 7.5 bp −$8 | 14.0 bp −$140 | doesn't fit | doesn't fit |
| Sell gTrade (Gains Network) virtual book (oracle venue), 3 min ago | 130.01 bp | 135.0 bp −$135 | 135.0 bp −$1,350 | 484.2 bp −$48.4K | 3301.4 bp −$1.65M |
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 | 805.41 | −0.016% | $48K | — | 200x | as long as short |
| Hotstuff BNB-PERP | −0.0080% | 1h | 806.40 | +0.107% | $4K | $1K | 25x | as long as short |
| GRVT BNB_USDT_Perp | 0.0000% | 8h | 806.76 | +0.152% | $3.0M | $29.1M | 10x | as long as short |
| Kalshi KXBNBPERP | 0.0000% | 8h | 806.80 | +0.156% | $106K | $2.5M | 4.8x | as long as short |
| StandX BNB-USD | 0.0000% | 1h | 806.10 | +0.070% | $871K | $2.8M | 30x | as long as short |
| gTrade (Gains Network) BNB/USDshort | L +0.0008% / S −0.0007% | 1h | 805.48 | −0.007% | $9.8M | — | 150x | |
| Variational Omni BNB | +0.0044% | 8h | 806.56 | +0.126% | $4.1M | $5.3M | — | as long as short |
| BingX BNB-USDT | +0.0058% | 8h | 805.62 | +0.010% | — | $34.5M | — | as long as short |
| Bybit BNBUSDT | +0.0083% | 8h | 805.20 | −0.042% | $139.5M | $81.1M | 75x | as long as short |
| Lighter BNB | +0.0096% | 1h | 806.15 | +0.075% | $2.8M | $4.2M | 20x | as long as short |
GMX BNB/USD [WBTC.b-USDC]
Hotstuff BNB-PERP
GRVT BNB_USDT_Perp
Kalshi KXBNBPERP
StandX BNB-USD
Variational Omni BNB
BingX BNB-USDT
Bybit BNBUSDT
Lighter BNBShow all 46 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International BNB-PERP-INTXlong | +0.0096% | 1h | 805.54 | long leg | $608K | $881K | 50x | |
| Nado BNB-PERP | +0.0100% | 1h | 805.40 | −0.017% | $1.5M | $2.7M | 20x | as long as short |
| Pacifica BNB | +0.0100% | 1h | 805.96 | +0.052% | $1.2M | $923K | 20x | as long as short |
| OKX BNB-USDT-SWAP | +0.0100% | 8h | 805.30 | −0.030% | $55.0M | $115.8M | 50x | as long as short |
| Arcus BNB-USD | +0.0100% | 1h | 806.10 | +0.070% | $53K | $170K | 10x | as long as short |
| Gate BNB_USDT | +0.0100% | 8h | 805.35 | −0.024% | $36.1M | $57.6M | 75x | as long as short |
| KuCoin BNBUSDTM | +0.0100% | 8h | 805.31 | −0.029% | $28.2M | $10.5M | 75x | as long as short |
| Bitget BNBUSDT | +0.0100% | 8h | 805.20 | −0.042% | $78.7M | $25.0M | 75x | as long as short |
| edgeX BNBUSDC | +0.0100% | 4h | 807.06 | +0.189% | $4.2M | $76.6M | 30x | as long as short |
| ApeX Omni BNBUSDT | +0.0100% | 1h | 806.65 | +0.138% | $162K | $440K | 50x | as long as short |
| Polymarket Perps BNB-USD | +0.0100% | 1h | 805.54 | 0.000% | $116K | $869K | 10x | as long as short |
| Orderly PERP_BNB_USDC | +0.0100% | 8h | 805.53 | −0.001% | $389K | $592K | 50x | as long as short |
| Derive BNB-PERP | +0.0100% | 1h | 806.13 | +0.073% | $32K | $5K | 10x | as long as short |
| SunX BNB-USDT | +0.0100% | 8h | 806.51 | +0.121% | $13K | $1.7M | 50x | as long as short |
| HTX BNB-USDT | +0.0100% | 8h | 806.07 | +0.065% | $8.2M | $7.7M | 75x | as long as short |
| Paradex BNB-USD-PERP | +0.0100% | 8h | 806.34 | +0.099% | $79K | $19K | 50x | as long as short |
| Extended BNB-USD | +0.0104% | 1h | 805.26 | −0.034% | $1.9M | $6.0M | 50x | as long as short |
| Aevo BNB-PERP | +0.0104% | 1h | 806.07 | +0.066% | $387K | $40K | 10x | as long as short |
| Aster BNBUSDT | +0.0107% | 8h | 806.29 | +0.093% | $6.4M | $18.8M | 200x | as long as short |
| Hibachi BNB/USDT-P | +0.0112% | 1h | 806.23 | +0.086% | $71K | $48K | 12x | as long as short |
| MEXC BNB_USDT | +0.0122% | 8h | 806.50 | +0.119% | $84.7M | $13.4M | 200x | as long as short |
| Binance BNBUSDT | +0.0123% | 8h | 806.11 | +0.071% | $520.4M | $804.2M | 75x | as long as short |
| Phemex BNBUSDT | +0.0135% | 8h | 806.53 | +0.123% | $70.4M | $51.8M | 50x | as long as short |
| Phoenix BNB | +0.0155% | 1h | 807.20 | +0.206% | $173K | $35K | 10x | as long as short |
| SoDEX BNB-USD | +0.0180% | 1h | 806.10 | +0.070% | $397K | $1.0M | 10x | as long as short |
| dYdX BNB-USD | +0.0203% | 1h | 805.79 | +0.031% | $162K | $63K | 10x | as long as short |
| Kraken Futures PF_BNBUSD | +0.0205% | 1h | 805.91 | +0.046% | $2.5M | $930K | 50x | as long as short |
| Hyperliquid BNB | +0.0239% | 1h | 806.46 | +0.114% | $52.2M | $21.9M | 10x | as long as short |
| BloFin BNB-USDT | +0.0243% | 8h | 806.57 | +0.128% | $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 | 806.39 | +0.105% | $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 | 805.95 | +0.051% | $1.1M | $1.4M | 20x | as long as short |
| Reya BNBRUSDPERP | +0.0333% | 1h | 805.13 | −0.051% | $6K | $3K | 40x | as long as short |
| 01 Exchange BNBUSD | +0.0352% | 1h | 806.38 | +0.104% | $29K | $1K | 10x | as long as short |
| Backpack BNB_USDC_PERP | +0.0691% | 1h | 807.09 | +0.192% | $3.0M | $5.5M | 40x | as long as short |
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
Derive BNB-PERP
SunX BNB-USDT
HTX BNB-USDT
Paradex BNB-USD-PERP
Extended BNB-USD
Aevo BNB-PERP
Aster BNBUSDT
Hibachi BNB/USDT-P
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