Funding you earn now, next payment 04:00 UTC−0.0200%/8h= −21.9% APRnext payment −$0.25 per $10,000 · paid last 24h −0.022%
Price spread now: Derive against Deribit−0.050%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 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
Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Derive is 0.050% cheaper against Deribit than usual: you would sell low and buy high (−$5 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit BNB_USDC-PERPETUAL | 788.88 | 0.0300 | pay 0.0037% / 1h | 3m 37s | $1.5M | $143K | 25x |
| Short | Derive BNB-PERP | 788.48 | 0.0100 | get 0.0013% / 1h | 3m 37s | $31K | $12K | 10x |
Deribit BNB_USDC-PERPETUAL
Derive BNB-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Derive against Deribit. 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
- −$42
- Price spread: −0.050% → 0.000%
- −$5.04
- Slippage, 4 orders
- no order book: not counted
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Derive: 3 bp × 2 orders
- −$6
- Net
- −$60.04
- Costs to cover
- 0.130%
- Break-even
- never at this rate
Slippage unknown: Deribit: live order book, just now; 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 Deribit live order book, just now | 2.72 bp | 7.6 bp −$8 | 10.6 bp −$106 | 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 −0.0189% / S +0.0354% | 1h | 788.31 | −0.072% | $46K | — | 200x | as long as short |
| Hotstuff BNB-PERP | −0.0080% | 1h | 788.91 | +0.004% | $4K | $42 | 25x | as long as short |
| StandX BNB-USD | 0.0000% | 1h | 788.88 | 0.000% | $851K | $3.2M | 30x | as long as short |
| gTrade (Gains Network) BNB/USD | L +0.0007% / S −0.0007% | 1h | 788.39 | −0.062% | $9.5M | — | 150x | as long as short |
| Injective BNB/USDC PERP | +0.0033% | 1h | 805.09 | +2.055% | $19K | $789K | 30x | as long as short |
| Aster BNBUSDT | +0.0034% | 8h | 789.16 | +0.036% | $6.1M | $18.7M | 200x | as long as short |
| BingX BNB-USDC | +0.0047% | 8h | 788.65 | −0.029% | — | $13.3M | — | as long as short |
| MEXC BNB_USDT | +0.0057% | 8h | 789.60 | +0.092% | $80.1M | $12.4M | 200x | as long as short |
| Phemex BNBUSDT | +0.0058% | 8h | 789.19 | +0.040% | $69.0M | $50.3M | 50x | as long as short |
| Binance BNBUSDT | +0.0058% | 8h | 789.34 | +0.059% | $492.6M | $791.0M | 75x | 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
BingX BNB-USDC
MEXC BNB_USDT
Phemex BNBUSDT
Binance BNBUSDTShow all 46 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International BNB-PERP-INTX | +0.0064% | 1h | 788.26 | −0.078% | $579K | $1.9M | 50x | as long as short |
| Lighter BNB | +0.0096% | 1h | 788.83 | −0.006% | $2.7M | $3.9M | 20x | as long as short |
| Orderly PERP_BNB_USDC | +0.0100% | 8h | 788.45 | −0.054% | $265K | $492K | 50x | as long as short |
| Nado BNB-PERP | +0.0100% | 1h | 788.40 | −0.060% | $1.5M | $2.5M | 20x | as long as short |
| Hyperliquid BNB | +0.0100% | 1h | 789.15 | +0.035% | $51.8M | $17.5M | 10x | as long as short |
| Pacifica BNB | +0.0100% | 1h | 788.90 | +0.003% | $1.2M | $931K | 20x | as long as short |
| Bybit BNBUSDT | +0.0100% | 8h | 788.65 | −0.029% | $138.7M | $74.0M | 75x | as long as short |
| OKX BNB-USDT-SWAP | +0.0100% | 8h | 788.60 | −0.035% | $53.4M | $111.2M | 50x | as long as short |
| Arcus BNB-USD | +0.0100% | 1h | 788.90 | +0.003% | $52K | $130K | 10x | as long as short |
| Gate BNB_USDT | +0.0100% | 8h | 788.70 | −0.022% | $35.5M | $57.6M | 75x | as long as short |
| KuCoin BNBUSDTM | +0.0100% | 8h | 788.45 | −0.054% | $28.1M | $10.4M | 75x | as long as short |
| Bitget BNBUSDT | +0.0100% | 8h | 788.42 | −0.058% | $76.3M | $30.2M | 75x | as long as short |
| Backpack BNB_USDC_PERP | +0.0100% | 1h | 788.95 | +0.009% | $2.2M | $6.1M | 40x | as long as short |
| Variational Omni BNB | +0.0100% | 8h | 787.71 | −0.148% | $4.1M | $4.7M | — | as long as short |
| edgeX BNBUSDC | +0.0100% | 4h | 788.39 | −0.062% | $4.1M | $73.2M | 30x | as long as short |
| ApeX Omni BNBUSDT | +0.0100% | 1h | 788.05 | −0.105% | $159K | $440K | 50x | as long as short |
| Polymarket Perps BNB-USD | +0.0100% | 1h | 788.16 | −0.091% | $133K | $950K | 10x | as long as short |
| Derive BNB-PERPshort | +0.0100% | 1h | 788.48 | −0.050% | $31K | $12K | 10x | |
| SunX BNB-USDT | +0.0100% | 8h | 788.71 | −0.021% | $12K | $1.5M | 50x | as long as short |
| SoDEX BNB-USD | +0.0100% | 1h | 788.60 | −0.035% | $388K | $1.0M | 10x | as long as short |
| HTX BNB-USDT | +0.0100% | 8h | 788.52 | −0.045% | $8.1M | $9.5M | 75x | as long as short |
| Paradex BNB-USD-PERP | +0.0100% | 8h | 789.14 | +0.033% | $77K | $17K | 50x | as long as short |
| Extended BNB-USD | +0.0104% | 1h | 788.33 | −0.070% | $1.8M | $6.1M | 50x | as long as short |
| Aevo BNB-PERP | +0.0104% | 1h | 788.50 | −0.047% | $379K | $110K | 10x | as long as short |
| Phoenix BNB | +0.0117% | 1h | 788.48 | −0.050% | $169K | $35K | 10x | as long as short |
| dYdX BNB-USD | +0.0121% | 1h | 788.57 | −0.039% | $160K | $64K | 10x | as long as short |
| GRVT BNB_USDT_Perp | +0.0154% | 8h | 788.72 | −0.020% | $2.9M | $28.6M | 10x | as long as short |
| Kalshi KXBNBPERP | +0.0176% | 8h | 788.80 | −0.010% | $132K | $2.7M | 4.8x | as long as short |
| BloFin BNB-USDT | +0.0177% | 8h | 788.55 | −0.041% | $18.1M | $2.2M | 75x | as long as short |
| Bulk BNB-USD | +0.0216% | 1h | 788.57 | −0.039% | $639K | $9K | 10x | as long as short |
| 01 Exchange BNBUSD | +0.0232% | 1h | 789.37 | +0.062% | $28K | $4K | 10x | as long as short |
| Kraken Futures PF_BNBUSD | +0.0264% | 1h | 788.45 | −0.054% | $2.5M | $1.2M | 50x | as long as short |
| Deribit BNB_USDC-PERPETUALlong | +0.0300% | 1h | 788.88 | long leg | $1.5M | $143K | 25x | |
| Reya BNBRUSDPERP | +0.0325% | 1h | 788.05 | −0.104% | $6K | $3K | 40x | as long as short |
| Hibachi BNB/USDT-P | +0.0360% | 1h | 788.19 | −0.087% | $67K | $38K | 12x | as long as short |
| RISEx BNB/USDC | +0.0461% | 1h | 789.04 | +0.021% | $1.1M | $967K | 20x | as long as short |
Coinbase International BNB-PERP-INTX
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
Variational Omni BNB
edgeX BNBUSDC
ApeX Omni BNBUSDT
Polymarket Perps BNB-USD
SunX BNB-USDT
SoDEX BNB-USD
HTX BNB-USDT
Paradex BNB-USD-PERP
Extended BNB-USD
Aevo BNB-PERP
Phoenix BNB
dYdX BNB-USD
GRVT BNB_USDT_Perp
Kalshi KXBNBPERP
BloFin BNB-USDT
Bulk BNB-USD
01 Exchange BNBUSD
Kraken Futures PF_BNBUSD
Reya BNBRUSDPERP
Hibachi BNB/USDT-P
RISEx BNB/USDC