Funding you earn now, next payment 05:00 UTC−0.0200%/8h= −21.9% APRpaid last 24h −0.022%
Price spread now: edgeX against Deribit+0.006%7-day average +0.023% · you sell dearer than you buy
Net, funding: paid 7d − costs−$41as in the Funding arb table
Net, price: spread back to 7d avg − costs−$33as in the Price arb table
costs, in and out, $10k−$310.308% of the position
Funding, last 7 days−0.102%−$10 on $10k
+Price spread, last 4 days (all we have)+0.076%+$8 · spread now +0.006%, 7d avg +0.023%
=Together, before fees−0.026%+ Points / potential airdropedgeX: Active · farm board−$3 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.023%, so right now this pair is about funding alone: −$6 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.102% in total (about -5.3% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit BNB_USDC-PERPETUAL | 787.70 | 0.0300 | pay 0.0037% / 1h | 10m 35s | $1.5M | $143K | 25x |
| Short | edgeX BNBUSDC | 787.75 | 0.0100 | get 0.0050% / 4h | 3h 10m | $4.1M | $74.1M | 30x |
Deribit BNB_USDC-PERPETUAL
edgeX BNBUSDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
edgeX 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: +0.006% → +0.023%
- −$1.71
- Slippage, 4 orders
- −$14.84
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- −$74.55
- Costs to cover
- 0.308%
- Break-even
- never at this rate
Slippage from Deribit: live order book, 3 min ago; edgeX: live order book, 4 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, 3 min ago | 2.16 bp | 5.7 bp −$6 | 12.2 bp −$122 | doesn't fit | doesn't fit |
| Sell edgeX live order book, 4 min ago | 2.54 bp | 7.0 bp −$7 | 7.0 bp −$70 | 10.6 bp −$1,064 | 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 −0.0192% / S +0.0356% | 1h | 787.22 | −0.061% | $46K | — | 200x | as long as short |
| Kraken Futures PF_BNBUSD | −0.0124% | 1h | 787.21 | −0.063% | $2.5M | $1.2M | 50x | as long as short |
| Hotstuff BNB-PERP | −0.0080% | 1h | 787.35 | −0.045% | $4K | $42 | 25x | as long as short |
| Kalshi KXBNBPERP | 0.0000% | 8h | 788.20 | +0.063% | $124K | $2.7M | 4.8x | as long as short |
| StandX BNB-USD | 0.0000% | 1h | 788.16 | +0.058% | $850K | $3.1M | 30x | as long as short |
| gTrade (Gains Network) BNB/USD | L +0.0007% / S −0.0007% | 1h | 787.19 | −0.065% | $9.5M | — | 150x | as long as short |
| Aster BNBUSDT | +0.0021% | 8h | 787.51 | −0.025% | $6.1M | $18.8M | 200x | as long as short |
| BingX BNB-USDT | +0.0033% | 8h | 787.01 | −0.088% | — | $22.3M | — | as long as short |
| Injective BNB/USDC PERP | +0.0033% | 1h | 805.09 | +2.207% | $19K | $789K | 30x | as long as short |
| Phemex BNBUSDT | +0.0038% | 8h | 787.74 | +0.005% | $68.9M | $50.8M | 50x | as long as short |
GMX BNB/USD [WBTC.b-USDC]
Kraken Futures PF_BNBUSD
Hotstuff BNB-PERP
Kalshi KXBNBPERP
StandX BNB-USD
gTrade (Gains Network) BNB/USD
Aster BNBUSDT
BingX BNB-USDT
Injective BNB/USDC PERP
Phemex BNBUSDTShow all 46 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC BNB_USDT | +0.0041% | 8h | 787.90 | +0.025% | $79.9M | $12.0M | 200x | as long as short |
| Binance BNBUSDT | +0.0041% | 8h | 787.53 | −0.022% | $490.8M | $802.6M | 75x | as long as short |
| Coinbase International BNB-PERP-INTX | +0.0072% | 1h | 788.00 | +0.038% | $579K | $1.9M | 50x | as long as short |
| dYdX BNB-USD | +0.0078% | 1h | 787.24 | −0.058% | $159K | $63K | 10x | as long as short |
| Phoenix BNB | +0.0092% | 1h | 787.74 | +0.005% | $169K | $35K | 10x | as long as short |
| Lighter BNB | +0.0096% | 1h | 787.10 | −0.077% | $2.7M | $3.9M | 20x | as long as short |
| Orderly PERP_BNB_USDC | +0.0100% | 8h | 787.32 | −0.048% | $265K | $492K | 50x | as long as short |
| Nado BNB-PERP | +0.0100% | 1h | 787.35 | −0.045% | $1.5M | $2.6M | 20x | as long as short |
| Hyperliquid BNB | +0.0100% | 1h | 787.48 | −0.028% | $51.6M | $17.5M | 10x | as long as short |
| Pacifica BNB | +0.0100% | 1h | 787.17 | −0.068% | $1.2M | $934K | 20x | as long as short |
| Bybit BNBUSDT | +0.0100% | 8h | 786.75 | −0.121% | $138.3M | $74.0M | 75x | as long as short |
| OKX BNB-USDT-SWAP | +0.0100% | 8h | 786.80 | −0.115% | $53.4M | $111.6M | 50x | as long as short |
| Arcus BNB-USD | +0.0100% | 1h | 787.10 | −0.076% | $52K | $133K | 10x | as long as short |
| Gate BNB_USDT | +0.0100% | 8h | 786.85 | −0.108% | $36.1M | $58.1M | 75x | as long as short |
| KuCoin BNBUSDTM | +0.0100% | 8h | 786.67 | −0.131% | $27.5M | $10.3M | 75x | as long as short |
| Bitget BNBUSDT | +0.0100% | 8h | 786.47 | −0.156% | $76.1M | $30.6M | 75x | as long as short |
| Backpack BNB_USDC_PERP | +0.0100% | 1h | 787.49 | −0.027% | $2.2M | $6.1M | 40x | as long as short |
| Variational Omni BNB | +0.0100% | 8h | 787.00 | −0.089% | $4.1M | $4.6M | — | as long as short |
| edgeX BNBUSDCshort | +0.0100% | 4h | 787.75 | +0.006% | $4.1M | $74.1M | 30x | |
| ApeX Omni BNBUSDT | +0.0100% | 1h | 787.52 | −0.023% | $159K | $441K | 50x | as long as short |
| Polymarket Perps BNB-USD | +0.0100% | 1h | 787.14 | −0.071% | $132K | $955K | 10x | as long as short |
| Derive BNB-PERP | +0.0100% | 1h | 787.37 | −0.042% | $31K | $12K | 10x | as long as short |
| SunX BNB-USDT | +0.0100% | 8h | 787.92 | +0.028% | $12K | $1.5M | 50x | as long as short |
| SoDEX BNB-USD | +0.0100% | 1h | 787.40 | −0.038% | $387K | $1.0M | 10x | as long as short |
| HTX BNB-USDT | +0.0100% | 8h | 787.36 | −0.043% | $8.1M | $9.7M | 75x | as long as short |
| Paradex BNB-USD-PERP | +0.0100% | 8h | 787.28 | −0.053% | $76K | $17K | 50x | as long as short |
| Extended BNB-USD | +0.0104% | 1h | 786.48 | −0.155% | $1.8M | $6.3M | 50x | as long as short |
| Aevo BNB-PERP | +0.0104% | 1h | 787.33 | −0.048% | $378K | $110K | 10x | as long as short |
| BloFin BNB-USDT | +0.0161% | 8h | 787.93 | +0.029% | $17.8M | $2.2M | 75x | as long as short |
| GRVT BNB_USDT_Perp | +0.0178% | 8h | 787.99 | +0.037% | $2.9M | $28.7M | 10x | as long as short |
| Bulk BNB-USD | +0.0201% | 1h | 787.88 | +0.023% | $639K | $10K | 10x | as long as short |
| 01 Exchange BNBUSD | +0.0240% | 1h | 787.41 | −0.037% | $28K | $4K | 10x | as long as short |
| Deribit BNB_USDC-PERPETUALlong | +0.0300% | 1h | 787.70 | long leg | $1.5M | $143K | 25x | |
| Reya BNBRUSDPERP | +0.0324% | 1h | 787.00 | −0.089% | $6K | $3K | 40x | as long as short |
| Hibachi BNB/USDT-P | +0.0424% | 1h | 787.38 | −0.041% | $67K | $39K | 12x | as long as short |
| RISEx BNB/USDC | +0.0431% | 1h | 787.15 | −0.071% | $1.1M | $894K | 20x | as long as short |
MEXC BNB_USDT
Binance BNBUSDT
Coinbase International BNB-PERP-INTX
dYdX BNB-USD
Phoenix BNB
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
ApeX Omni BNBUSDT
Polymarket Perps BNB-USD
Derive BNB-PERP
SunX BNB-USDT
SoDEX BNB-USD
HTX BNB-USDT
Paradex BNB-USD-PERP
Extended BNB-USD
Aevo BNB-PERP
BloFin BNB-USDT
GRVT BNB_USDT_Perp
Bulk BNB-USD
01 Exchange BNBUSD
Reya BNBRUSDPERP
Hibachi BNB/USDT-P
RISEx BNB/USDC