Funding you earn now, next payment 02:00 UTC−0.0300%/8h= −32.8% APRnext payment −$0.37 per $10,000 · paid last 24h −0.049%
Price spread now: StandX against Deribit+0.083%7-day average +0.009% · you sell dearer than you buy
Net, funding: paid 7d − costs−$69as in the Funding arb table
Net, price: spread back to 7d avg − costs−$30as in the Price arb table
costs, in and out, $10k−$370.374% of the position
Funding, last 7 days−0.313%−$31 on $10k
+Price spread, last 3 days (all we have)−0.026%−$3 · spread now +0.083%, 7d avg +0.009%
=Together, before fees−0.339%+ Points / potential airdropStandX: Active · farm board−$34 on $10k · with fees, hour by hour
The price spread pays, funding is against you. StandX is 0.073% dearer against Deribit than usual: you sell high and buy low (spread +0.083% now, against its 7-day average of +0.009%): +$7 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 20 hours. At the pace of the last 7 days (−0.313% in total) that is about 39 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit BNB_USDC-PERPETUAL | 793.82 | 0.0300 | pay 0.0037% / 1h | 49m 06s | $1.6M | $161K | 25x |
| Short | StandX BNB-USD | 794.47 | 0 | get 0.0000% / 1h | 49m 06s | $859K | $3.0M | 30x |
Deribit BNB_USDC-PERPETUAL
StandX BNB-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
StandX 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
- −$63
- Price spread: +0.083% → +0.009%
- $7.34
- Slippage, 4 orders
- −$22.44
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee StandX: 4 bp × 2 orders
- −$8
- Net
- −$93.1
- Costs to cover
- 0.374%
- Break-even
- never at this rate
Slippage from Deribit: live order book, 5 min ago; StandX: live order book, 5 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, 5 min ago | 3.41 bp | 6.9 bp −$7 | 13.4 bp −$134 | doesn't fit | doesn't fit |
| Sell StandX live order book, 5 min ago | 5.05 bp | 10.5 bp −$11 | 12.8 bp −$128 | 54.2 bp −$5,419 | 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 −0.0161% / S +0.0334% | 1h | 793.35 | −0.059% | $47K | — | 200x | as long as short |
| Kraken Futures PF_BNBUSD | −0.0132% | 1h | 793.48 | −0.043% | $2.5M | $1.0M | 50x | as long as short |
| Hotstuff BNB-PERP | −0.0080% | 1h | 793.55 | −0.033% | $4K | $239 | 25x | as long as short |
| Gate BNB_USDT | −0.0024% | 8h | 793.45 | −0.046% | $35.5M | $55.2M | 75x | as long as short |
| GRVT BNB_USDT_Perp | 0.0000% | 8h | 792.87 | −0.119% | $3.0M | $28.2M | 10x | as long as short |
| StandX BNB-USDshort | 0.0000% | 1h | 794.47 | +0.083% | $859K | $3.0M | 30x | |
| Variational Omni BNB | +0.0006% | 8h | 792.93 | −0.112% | $4.1M | $5.1M | — | as long as short |
| gTrade (Gains Network) BNB/USD | L +0.0008% / S −0.0007% | 1h | 793.36 | −0.058% | $9.7M | — | 150x | as long as short |
| Injective BNB/USDC PERP | +0.0033% | 1h | 805.09 | +1.420% | $19K | $789K | 30x | as long as short |
| Aster BNBUSDT | +0.0034% | 8h | 793.95 | +0.017% | $6.1M | $20.0M | 200x | as long as short |
GMX BNB/USD [WBTC.b-USDC]
Kraken Futures PF_BNBUSD
Hotstuff BNB-PERP
Gate BNB_USDT
GRVT BNB_USDT_Perp
Variational Omni BNB
gTrade (Gains Network) BNB/USD
Injective BNB/USDC PERP
Aster BNBUSDTShow all 46 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| dYdX BNB-USD | +0.0036% | 1h | 793.28 | −0.067% | $160K | $63K | 10x | as long as short |
| Phemex BNBUSDT | +0.0040% | 8h | 793.92 | +0.013% | $69.4M | $50.3M | 50x | as long as short |
| BingX BNB-USDC | +0.0045% | 8h | 793.48 | −0.042% | — | $13.4M | — | as long as short |
| Coinbase International BNB-PERP-INTX | +0.0056% | 1h | 791.39 | −0.305% | $607K | $1.1M | 50x | as long as short |
| MEXC BNB_USDT | +0.0062% | 8h | 794.30 | +0.061% | $82.3M | $12.7M | 200x | as long as short |
| Binance BNBUSDT | +0.0062% | 8h | 794.32 | +0.064% | $494.2M | $820.1M | 75x | as long as short |
| Bybit BNBUSDT | +0.0070% | 8h | 793.60 | −0.027% | $138.2M | $77.1M | 75x | as long as short |
| Phoenix BNB | +0.0088% | 1h | 792.08 | −0.219% | $170K | $36K | 10x | as long as short |
| Lighter BNB | +0.0096% | 1h | 793.58 | −0.029% | $2.8M | $3.9M | 20x | as long as short |
| Orderly PERP_BNB_USDC | +0.0100% | 8h | 793.30 | −0.065% | $383K | $468K | 50x | as long as short |
| Nado BNB-PERP | +0.0100% | 1h | 793.45 | −0.046% | $1.4M | $2.7M | 20x | as long as short |
| Pacifica BNB | +0.0100% | 1h | 793.53 | −0.036% | $1.2M | $932K | 20x | as long as short |
| OKX BNB-USDT-SWAP | +0.0100% | 8h | 793.50 | −0.040% | $53.3M | $111.1M | 50x | as long as short |
| Arcus BNB-USD | +0.0100% | 1h | 793.60 | −0.027% | $52K | $134K | 10x | as long as short |
| KuCoin BNBUSDTM | +0.0100% | 8h | 793.17 | −0.081% | $27.7M | $10.0M | 75x | as long as short |
| Bitget BNBUSDT | +0.0100% | 8h | 793.47 | −0.043% | $77.5M | $28.4M | 75x | as long as short |
| edgeX BNBUSDC | +0.0100% | 4h | 792.62 | −0.151% | $4.1M | $76.6M | 30x | as long as short |
| ApeX Omni BNBUSDT | +0.0100% | 1h | 793.72 | −0.012% | $160K | $435K | 50x | as long as short |
| Polymarket Perps BNB-USD | +0.0100% | 1h | 793.26 | −0.070% | $112K | $889K | 10x | as long as short |
| Derive BNB-PERP | +0.0100% | 1h | 793.52 | −0.037% | $32K | $9K | 10x | as long as short |
| SunX BNB-USDT | +0.0100% | 8h | 793.88 | +0.008% | $13K | $1.6M | 50x | as long as short |
| SoDEX BNB-USD | +0.0100% | 1h | 793.50 | −0.040% | $390K | $995K | 10x | as long as short |
| HTX BNB-USDT | +0.0100% | 8h | 793.30 | −0.064% | $8.1M | $8.6M | 75x | as long as short |
| Paradex BNB-USD-PERP | +0.0100% | 8h | 793.57 | −0.031% | $77K | $17K | 50x | as long as short |
| Extended BNB-USD | +0.0104% | 1h | 793.11 | −0.089% | $1.7M | $6.0M | 50x | as long as short |
| Aevo BNB-PERP | +0.0104% | 1h | 793.41 | −0.051% | $381K | $110K | 10x | as long as short |
| Hyperliquid BNB | +0.0115% | 1h | 794.18 | +0.046% | $52.6M | $19.8M | 10x | as long as short |
| RISEx BNB/USDC | +0.0131% | 1h | 793.56 | −0.032% | $1.1M | $1.4M | 20x | as long as short |
| Bulk BNB-USD | +0.0139% | 1h | 794.97 | +0.145% | $646K | $10K | 10x | as long as short |
| Kalshi KXBNBPERP | +0.0158% | 8h | 794.00 | +0.023% | $105K | $2.8M | 4.8x | as long as short |
| BloFin BNB-USDT | +0.0182% | 8h | 794.06 | +0.031% | $18.1M | $2.5M | 75x | as long as short |
| 01 Exchange BNBUSD | +0.0232% | 1h | 793.99 | +0.022% | $28K | $1K | 10x | as long as short |
| Deribit BNB_USDC-PERPETUALlong | +0.0300% | 1h | 793.82 | long leg | $1.6M | $161K | 25x | |
| Reya BNBRUSDPERP | +0.0329% | 1h | 793.16 | −0.083% | $6K | $3K | 40x | as long as short |
| Backpack BNB_USDC_PERP | +0.0366% | 1h | 794.44 | +0.079% | $2.7M | $5.7M | 40x | as long as short |
| Hibachi BNB/USDT-P | +0.0448% | 1h | 793.56 | −0.032% | $68K | $38K | 12x | as long as short |
dYdX BNB-USD
Phemex BNBUSDT
BingX BNB-USDC
Coinbase International BNB-PERP-INTX
MEXC BNB_USDT
Binance BNBUSDT
Bybit BNBUSDT
Phoenix BNB
Lighter BNB
Orderly PERP_BNB_USDC
Nado BNB-PERP
Pacifica BNB
OKX BNB-USDT-SWAP
Arcus BNB-USD
KuCoin BNBUSDTM
Bitget BNBUSDT
edgeX BNBUSDC
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
Hyperliquid BNB
RISEx BNB/USDC
Bulk BNB-USD
Kalshi KXBNBPERP
BloFin BNB-USDT
01 Exchange BNBUSD
Reya BNBRUSDPERP
Backpack BNB_USDC_PERP
Hibachi BNB/USDT-P