Funding you earn now, next payment 08:00 UTC−0.0245%/8h= −26.8% APRpaid last 24h −0.027%
Price spread now: MEXC against Deribit+0.076%7-day average +0.127% · 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−$30as in the Price arb table
costs, in and out, $10k−$250.245% of the position
Funding, last 7 days−0.166%−$17 on $10k
+Price spread, last 4 days (all we have)+0.168%+$17 · spread now +0.076%, 7d avg +0.127%
=Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and MEXC is 0.051% cheaper against Deribit than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.127%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.166% in total (about -8.6% 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 | 787.10 | 0.0300 | pay 0.0037% / 1h | 42m 03s | $1.5M | $145K | 25x |
| Short | MEXC BNB_USDT | 787.70 | 0.0055 | get 0.0055% / 8h | 42m 03s | $81.1M | $11.9M | 200x |
Deribit BNB_USDC-PERPETUAL
MEXC BNB_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- −$51.45
- Price spread: +0.076% → +0.127%
- −$5.08
- Slippage, 4 orders
- −$13.55
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$81.08
- Costs to cover
- 0.245%
- Break-even
- never at this rate
Slippage from Deribit: live order book, 2 min ago; MEXC: live order book, 2 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 | 2.61 bp | 10.6 bp −$11 | 15.8 bp −$158 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 2 min ago | 1.90 bp | 3.9 bp −$4 | 7.1 bp −$71 | 20.5 bp −$2,052 | 34.4 bp −$17.2K |
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 −0.0168% / S +0.0337% | 1h | 786.65 | −0.057% | $43K | — | 200x | as long as short |
| Hotstuff BNB-PERP | −0.0080% | 1h | 787.19 | +0.011% | $4K | $42 | 25x | as long as short |
| Kraken Futures PF_BNBUSD | −0.0050% | 1h | 786.66 | −0.056% | $2.5M | $1.2M | 50x | as long as short |
| StandX BNB-USD | 0.0000% | 1h | 787.35 | +0.031% | $849K | $2.7M | 30x | as long as short |
| gTrade (Gains Network) BNB/USD | L +0.0007% / S −0.0007% | 1h | 786.64 | −0.059% | $9.5M | — | 150x | as long as short |
| Injective BNB/USDC PERP | +0.0033% | 1h | 805.09 | +2.285% | $19K | $789K | 30x | as long as short |
| BingX BNB-USDC | +0.0045% | 8h | 786.77 | −0.042% | — | $13.4M | — | as long as short |
| Aster BNBUSDT | +0.0046% | 8h | 787.17 | +0.008% | $6.0M | $18.9M | 200x | as long as short |
| dYdX BNB-USD | +0.0052% | 1h | 786.54 | −0.071% | $159K | $62K | 10x | as long as short |
| MEXC BNB_USDTshort | +0.0055% | 8h | 787.70 | +0.076% | $81.1M | $11.9M | 200x |
GMX BNB/USD [WBTC.b-USDC]
Hotstuff BNB-PERP
Kraken Futures PF_BNBUSD
StandX BNB-USD
gTrade (Gains Network) BNB/USD
Injective BNB/USDC PERP
BingX BNB-USDC
Aster BNBUSDT
dYdX BNB-USDShow all 46 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance BNBUSDT | +0.0055% | 8h | 787.19 | +0.011% | $489.4M | $821.6M | 75x | as long as short |
| Phemex BNBUSDT | +0.0077% | 8h | 787.26 | +0.020% | $68.8M | $51.4M | 50x | as long as short |
| Lighter BNB | +0.0096% | 1h | 786.77 | −0.042% | $2.7M | $3.8M | 20x | as long as short |
| Phoenix BNB | +0.0100% | 1h | 787.73 | +0.080% | $169K | $35K | 10x | as long as short |
| Nado BNB-PERP | +0.0100% | 1h | 786.35 | −0.096% | $1.4M | $2.7M | 20x | as long as short |
| Hyperliquid BNB | +0.0100% | 1h | 787.26 | +0.020% | $51.5M | $17.7M | 10x | as long as short |
| Pacifica BNB | +0.0100% | 1h | 786.68 | −0.054% | $1.2M | $934K | 20x | as long as short |
| Bybit BNBUSDT | +0.0100% | 8h | 786.60 | −0.064% | $138.4M | $74.7M | 75x | as long as short |
| OKX BNB-USDT-SWAP | +0.0100% | 8h | 786.50 | −0.077% | $53.6M | $113.2M | 50x | as long as short |
| Arcus BNB-USD | +0.0100% | 1h | 786.70 | −0.051% | $52K | $129K | 10x | as long as short |
| Gate BNB_USDT | +0.0100% | 8h | 786.60 | −0.064% | $38.3M | $57.5M | 75x | as long as short |
| KuCoin BNBUSDTM | +0.0100% | 8h | 786.30 | −0.102% | $27.7M | $10.2M | 75x | as long as short |
| Bitget BNBUSDT | +0.0100% | 8h | 786.36 | −0.095% | $76.4M | $31.8M | 75x | as long as short |
| Backpack BNB_USDC_PERP | +0.0100% | 1h | 787.07 | −0.004% | $2.2M | $6.1M | 40x | as long as short |
| Variational Omni BNB | +0.0100% | 8h | 787.00 | −0.014% | $4.0M | $4.7M | — | as long as short |
| edgeX BNBUSDC | +0.0100% | 4h | 787.76 | +0.083% | $4.1M | $76.2M | 30x | as long as short |
| ApeX Omni BNBUSDT | +0.0100% | 1h | 787.25 | +0.019% | $158K | $438K | 50x | as long as short |
| Polymarket Perps BNB-USD | +0.0100% | 1h | 786.65 | −0.058% | $131K | $953K | 10x | as long as short |
| Orderly PERP_BNB_USDC | +0.0100% | 8h | 786.66 | −0.056% | $264K | $430K | 50x | as long as short |
| Derive BNB-PERP | +0.0100% | 1h | 786.70 | −0.051% | $31K | $12K | 10x | as long as short |
| SunX BNB-USDT | +0.0100% | 8h | 786.67 | −0.054% | $12K | $1.5M | 50x | as long as short |
| SoDEX BNB-USD | +0.0100% | 1h | 786.80 | −0.039% | $387K | $974K | 10x | as long as short |
| HTX BNB-USDT | +0.0100% | 8h | 786.59 | −0.065% | $8.0M | $10.3M | 75x | as long as short |
| Paradex BNB-USD-PERP | +0.0100% | 8h | 787.00 | −0.013% | $78K | $18K | 50x | as long as short |
| Extended BNB-USD | +0.0104% | 1h | 786.24 | −0.110% | $1.8M | $5.9M | 50x | as long as short |
| Aevo BNB-PERP | +0.0104% | 1h | 786.72 | −0.049% | $378K | $110K | 10x | as long as short |
| Coinbase International BNB-PERP-INTX | +0.0104% | 1h | 786.37 | −0.093% | $556K | $1.9M | 50x | as long as short |
| Kalshi KXBNBPERP | +0.0114% | 8h | 786.90 | −0.026% | $170K | $2.7M | 4.8x | as long as short |
| BloFin BNB-USDT | +0.0175% | 8h | 787.18 | +0.010% | $17.7M | $2.2M | 75x | as long as short |
| Bulk BNB-USD | +0.0210% | 1h | 786.98 | −0.016% | $638K | $831 | 10x | as long as short |
| GRVT BNB_USDT_Perp | +0.0225% | 8h | 787.62 | +0.066% | $2.9M | $28.7M | 10x | as long as short |
| 01 Exchange BNBUSD | +0.0264% | 1h | 787.06 | −0.006% | $28K | $4K | 10x | as long as short |
| Deribit BNB_USDC-PERPETUALlong | +0.0300% | 1h | 787.10 | long leg | $1.5M | $145K | 25x | |
| Reya BNBRUSDPERP | +0.0321% | 1h | 786.55 | −0.071% | $6K | $3K | 40x | as long as short |
| RISEx BNB/USDC | +0.0350% | 1h | 787.05 | −0.007% | $1.1M | $907K | 20x | as long as short |
| Hibachi BNB/USDT-P | +0.0456% | 1h | 786.91 | −0.025% | $67K | $39K | 12x | as long as short |
Binance BNBUSDT
Phemex BNBUSDT
Lighter BNB
Phoenix BNB
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
Orderly PERP_BNB_USDC
Derive BNB-PERP
SunX BNB-USDT
SoDEX BNB-USD
HTX BNB-USDT
Paradex BNB-USD-PERP
Extended BNB-USD
Aevo BNB-PERP
Coinbase International BNB-PERP-INTX
Kalshi KXBNBPERP
BloFin BNB-USDT
Bulk BNB-USD
GRVT BNB_USDT_Perp
01 Exchange BNBUSD
Reya BNBRUSDPERP
RISEx BNB/USDC
Hibachi BNB/USDT-P