BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0152%/8h= −16.6% APRnext payment −$0.19 per $10,000 · paid last 24h −0.020%

Price spread now: Coinbase International against Deribit+0.078%7-day average −0.060% · you sell dearer than you buy

Net, funding: paid 7d − costs−$59as in the Funding arb table

Net, price: spread back to 7d avg − costs−$23as in the Price arb table

costs, in and out, $10k−$370.373% of the position

Long on Deribit Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−0.220%−$22 on $10k

Price spread, last 3 days (all we have)−0.210%−$21 · spread now +0.078%, 7d avg −0.060%

Together, before fees−0.429%−$43 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Coinbase International is 0.138% dearer against Deribit than usual: you sell high and buy low (spread +0.078% now, against its 7-day average of −0.060%): +$14 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 3.0 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit BNB_USDC-PERPETUAL	798.45	0.0200	pay 0.0025% / 1h	17m 15s	$1.6M	$161K	25x
Short	Coinbase International BNB-PERP-INTX	799.07	0.0048	get 0.0006% / 1h	17m 15s	$615K	$1.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Deribit. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee DeribitbpFee Coinbase InternationalbpOrdersPrice spread, now +0.078%Rate

Funding earned: −$31.92
Price spread: +0.078% → −0.060%: $13.82
Slippage, 4 orders: −$20.3
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$55.4
Costs to cover: 0.373%
Break-even: never at this rate

Slippage from Deribit: live order book, 2 min ago; Coinbase International: live order book, 1 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 Deribit live order book, 2 min ago	3.01 bp	7.4 bp −$7	206.6 bp −$2,066	doesn't fit	doesn't fit
Sell Coinbase International live order book, 1 min ago	4.32 bp	10.1 bp −$10	14.2 bp −$142	doesn't fit	doesn't fit

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 −0.0159% / S +0.0334%	1h	797.96	−0.061%	$47K	—	200x	as long as short
Kraken Futures PF_BNBUSD	−0.0121%	1h	797.97	−0.061%	$2.5M	$1.0M	50x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	798.55	+0.013%	$4K	$239	25x	as long as short
Gate BNB_USDT	−0.0003%	8h	797.90	−0.069%	$35.9M	$56.8M	75x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	798.85	+0.051%	$3.0M	$27.9M	10x	as long as short
StandX BNB-USD	0.0000%	1h	799.12	+0.084%	$864K	$2.9M	30x	as long as short
Variational Omni BNB	+0.0004%	8h	797.72	−0.091%	$4.1M	$5.0M	—	as long as short
BingX BNB-USDT	+0.0007%	8h	798.20	−0.031%	—	$35.0M	—	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	798.02	−0.053%	$9.7M	—	150x	as long as short
Bybit BNBUSDT	+0.0022%	8h	798.00	−0.056%	$138.6M	$76.3M	75x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex BNBUSDT	+0.0028%	8h	798.75	+0.038%	$69.7M	$50.2M	50x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+0.832%	$19K	$789K	30x	as long as short
Coinbase International BNB-PERP-INTXshort	+0.0048%	1h	799.07	+0.078%	$615K	$1.1M	50x
Aster BNBUSDT	+0.0051%	8h	798.73	+0.036%	$6.1M	$19.4M	200x	as long as short
Binance BNBUSDT	+0.0075%	8h	798.64	+0.024%	$495.9M	$811.6M	75x	as long as short
MEXC BNB_USDT	+0.0075%	8h	799.00	+0.069%	$83.1M	$13.7M	200x	as long as short
Lighter BNB	+0.0096%	1h	798.30	−0.018%	$2.8M	$4.0M	20x	as long as short
Phoenix BNB	+0.0099%	1h	799.13	+0.085%	$172K	$36K	10x	as long as short
Nado BNB-PERP	+0.0100%	1h	798.00	−0.056%	$1.5M	$2.7M	20x	as long as short
Pacifica BNB	+0.0100%	1h	798.44	−0.001%	$1.2M	$937K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	797.90	−0.069%	$54.2M	$110.8M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	798.50	+0.007%	$53K	$133K	10x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	798.12	−0.041%	$27.9M	$10.0M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	797.74	−0.089%	$78.1M	$28.1M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	798.91	+0.057%	$4.2M	$76.7M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	798.95	+0.063%	$161K	$435K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	798.16	−0.036%	$113K	$884K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	798.01	−0.055%	$386K	$459K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	798.16	−0.036%	$32K	$5K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	798.71	+0.032%	$13K	$1.6M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	798.20	−0.031%	$392K	$997K	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	797.76	−0.086%	$8.2M	$8.3M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	798.76	+0.039%	$78K	$18K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	797.68	−0.096%	$1.8M	$6.0M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	798.00	−0.056%	$383K	$110K	10x	as long as short
Bulk BNB-USD	+0.0138%	1h	797.80	−0.081%	$648K	$10K	10x	as long as short
RISEx BNB/USDC	+0.0155%	1h	798.29	−0.019%	$1.1M	$1.4M	20x	as long as short
Kalshi KXBNBPERP	+0.0158%	8h	798.70	+0.032%	$90K	$2.8M	4.8x	as long as short
BloFin BNB-USDT	+0.0195%	8h	798.84	+0.049%	$18.1M	$2.6M	75x	as long as short
dYdX BNB-USD	+0.0198%	1h	797.77	−0.085%	$161K	$63K	10x	as long as short
01 Exchange BNBUSD	+0.0200%	1h	798.58	+0.017%	$28K	$1K	10x	as long as short
Deribit BNB_USDC-PERPETUALlong	+0.0200%	1h	798.45	long leg	$1.6M	$161K	25x
Hibachi BNB/USDT-P	+0.0280%	1h	797.79	−0.083%	$68K	$38K	12x	as long as short
Hyperliquid BNB	+0.0293%	1h	799.06	+0.077%	$53.1M	$20.3M	10x	as long as short
Reya BNBRUSDPERP	+0.0330%	1h	797.76	−0.086%	$6K	$3K	40x	as long as short
Backpack BNB_USDC_PERP	+0.0424%	1h	799.12	+0.084%	$2.7M	$5.7M	40x	as long as short