BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0293%/8h= −32.1% APRnext payment −$0.37 per $10,000 · paid last 24h −0.059%

Price spread now: gTrade (Gains Network) against Deribit−0.119%53s7-day average −0.049% · 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−$2872.867% of the position

Long on Deribit Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.124%−$12 on $10k

Price spread, last 4 days (all we have)+0.211%+$21 · spread now −0.119%, 7d avg −0.049%

Together, before fees+0.087%+$9 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and gTrade (Gains Network) is 0.070% cheaper against Deribit than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of −0.049%). Swap the legs. The two prices were read 53 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	Deribit BNB_USDC-PERPETUAL	789.34	0.0300	pay 0.0037% / 1h	15m 21s	$1.5M	$141K	25x
Short	gTrade (Gains Network) BNB/USD	788.40	L +0.0007% / S −0.0007%	get 0.0001% / 1h	15m 21s	$9.5M	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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 gTrade (Gains Network)bpOrdersPrice spread, now −0.119%Rate

Funding earned: −$61.49
Price spread: −0.119% → −0.049%: −$7.01
Slippage, 4 orders: −$269.75
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$355.24
Costs to cover: 2.867%
Break-even: never at this rate

Slippage from Deribit: live order book, 4 min ago; gTrade (Gains Network): virtual book (oracle venue), 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, 4 min ago	3.74 bp	9.5 bp −$9	14.2 bp −$142	doesn't fit	doesn't fit
Sell gTrade (Gains Network) virtual book (oracle venue), 4 min ago	130.00 bp	135.0 bp −$135	135.0 bp −$1,350	484.2 bp −$48.4K	3301.4 bp −$1.65M

BNB on 45 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 −0.0166% / S +0.0336%	1h	787.99	−0.171%	$43K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	789.10	−0.031%	$4K	—	25x	as long as short
Kraken Futures PF_BNBUSD	−0.0021%	1h	788.79	−0.069%	$2.5M	$1.2M	50x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	787.88	−0.185%	$3.0M	$27.0M	10x	as long as short
StandX BNB-USD	0.0000%	1h	788.39	−0.121%	$850K	$2.7M	30x	as long as short
gTrade (Gains Network) BNB/USDshort	L +0.0007% / S −0.0007%	1h	788.40	−0.119%	$9.5M	—	150x
Aster BNBUSDT	+0.0016%	8h	789.01	−0.042%	$6.0M	$17.9M	200x	as long as short
BingX BNB-USDC	+0.0028%	8h	788.68	−0.084%	—	$13.4M	—	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+1.995%	$19K	$789K	30x	as long as short
Binance BNBUSDT	+0.0034%	8h	788.97	−0.047%	$488.9M	$798.3M	75x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC BNB_USDT	+0.0034%	8h	790.20	+0.109%	$83.0M	$12.3M	200x	as long as short
Lighter BNB	+0.0096%	1h	788.79	−0.070%	$2.7M	$3.7M	20x	as long as short
Nado BNB-PERP	+0.0100%	1h	788.50	−0.107%	$1.4M	$2.6M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	789.10	−0.031%	$51.8M	$17.4M	10x	as long as short
Pacifica BNB	+0.0100%	1h	789.00	−0.043%	$1.2M	$936K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	788.38	−0.122%	$139.0M	$71.8M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	788.40	−0.119%	$53.7M	$108.9M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	788.80	−0.069%	$52K	$124K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	788.55	−0.100%	$39.7M	$56.4M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	788.26	−0.137%	$27.8M	$9.8M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	788.14	−0.152%	$75.7M	$32.3M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	789.23	−0.014%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	788.74	−0.077%	$4.3M	$5.0M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	788.06	−0.162%	$4.1M	$76.6M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	788.17	−0.148%	$159K	$439K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	788.32	−0.129%	$130K	$919K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	788.60	−0.094%	$265K	$357K	50x	as long as short
SunX BNB-USDT	+0.0100%	8h	789.43	+0.011%	$12K	$1.5M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	789.00	−0.043%	$388K	$939K	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	789.44	+0.012%	$8.1M	$10.4M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	789.14	−0.026%	$78K	$47K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	788.30	−0.132%	$1.8M	$5.8M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	788.54	−0.102%	$379K	$110K	10x	as long as short
Kalshi KXBNBPERP	+0.0108%	8h	789.60	+0.033%	$176K	$2.6M	4.8x	as long as short
Coinbase International BNB-PERP-INTX	+0.0120%	1h	789.49	+0.019%	$552K	$2.0M	50x	as long as short
Phoenix BNB	+0.0120%	1h	788.45	−0.113%	$158K	$38K	10x	as long as short
Phemex BNBUSDT	+0.0122%	8h	789.41	+0.009%	$68.7M	$51.4M	50x	as long as short
BloFin BNB-USDT	+0.0136%	8h	788.53	−0.103%	$17.8M	$2.3M	75x	as long as short
Bulk BNB-USD	+0.0154%	1h	788.26	−0.137%	$639K	$0	10x	as long as short
dYdX BNB-USD	+0.0199%	1h	788.89	−0.058%	$158K	$63K	10x	as long as short
01 Exchange BNBUSD	+0.0232%	1h	789.14	−0.026%	$28K	$3K	10x	as long as short
Deribit BNB_USDC-PERPETUALlong	+0.0300%	1h	789.34	long leg	$1.5M	$141K	25x
Reya BNBRUSDPERP	+0.0319%	1h	788.22	−0.143%	$6K	$3K	40x	as long as short
RISEx BNB/USDC	+0.0355%	1h	788.94	−0.051%	$1.1M	$885K	20x	as long as short
Hibachi BNB/USDT-P	+0.0408%	1h	787.87	−0.186%	$67K	$39K	12x	as long as short