Funding you earn now, next payment 09:00 UTC−0.0075%/8h= −8.3% APRpaid last 24h −0.007%
Price spread now: Aster against Derive+0.034%57s7-day average — · you sell dearer than you buy
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
=The price spread pays, funding is against you. Aster is 0.034% dearer against Derive than usual: you sell high and buy low (spread +0.034% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 36 hours. The two prices were read 57 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 | Derive BNB-PERP | 785.66 | 0.0100 | pay 0.0013% / 1h | 40m 25s | $31K | $12K | 10x |
| Short | Aster BNBUSDT | 785.93 | 0.0025 | get 0.0025% / 8h | 7h 40m | $6.0M | $18.5M | 200x |
Derive BNB-PERP
Aster BNBUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Aster against Derive. 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
- −$15.83
- Price spread: +0.034% → 0.000%
- $3.37
- Slippage, 4 orders
- no order book: not counted
- Fee Derive: 3 bp × 2 orders
- −$6
- Fee Aster: 4 bp × 2 orders
- −$8
- Net
- −$26.46
- Costs to cover
- 0.140%
- Break-even
- never at this rate
Slippage unknown: Derive: no order-book sample; Aster: live order book, 3 min ago. 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 Derive no order-book sample | — | — | — | — | — |
| Sell Aster live order book, 3 min ago | 0.06 bp | 5.3 bp −$5 | 5.5 bp −$55 | 23.0 bp −$2,299 | doesn't fit |
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 −0.0168% / S +0.0337% | 1h | 786.16 | +0.064% | $43K | — | 200x | as long as short |
| Hotstuff BNB-PERP | −0.0080% | 1h | 785.87 | +0.027% | $4K | — | 25x | as long as short |
| Kraken Futures PF_BNBUSD | −0.0021% | 1h | 785.53 | −0.017% | $2.5M | $1.2M | 50x | as long as short |
| GRVT BNB_USDT_Perp | 0.0000% | 8h | 786.60 | +0.119% | $3.0M | $27.6M | 10x | as long as short |
| StandX BNB-USD | 0.0000% | 1h | 787.05 | +0.177% | $849K | $2.7M | 30x | as long as short |
| gTrade (Gains Network) BNB/USD | L +0.0007% / S −0.0007% | 1h | 785.45 | −0.027% | $9.5M | — | 150x | as long as short |
| Aster BNBUSDTshort | +0.0025% | 8h | 785.93 | +0.034% | $6.0M | $18.5M | 200x | |
| Injective BNB/USDC PERP | +0.0033% | 1h | 805.09 | +2.473% | $19K | $789K | 30x | as long as short |
| BingX BNB-USDC | +0.0035% | 8h | 785.76 | +0.013% | — | $13.4M | — | as long as short |
| MEXC BNB_USDT | +0.0040% | 8h | 787.10 | +0.183% | $82.4M | $12.2M | 200x | as long as short |
GMX BNB/USD [WBTC.b-USDC]
Hotstuff BNB-PERP
Kraken Futures PF_BNBUSD
GRVT BNB_USDT_Perp
StandX BNB-USD
gTrade (Gains Network) BNB/USD
Injective BNB/USDC PERP
BingX BNB-USDC
MEXC BNB_USDTShow all 46 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance BNBUSDT | +0.0041% | 8h | 785.97 | +0.039% | $489.0M | $812.5M | 75x | as long as short |
| Lighter BNB | +0.0096% | 1h | 785.96 | +0.038% | $2.7M | $3.6M | 20x | as long as short |
| Nado BNB-PERP | +0.0100% | 1h | 785.60 | −0.008% | $1.3M | $2.6M | 20x | as long as short |
| Hyperliquid BNB | +0.0100% | 1h | 786.11 | +0.057% | $51.6M | $17.6M | 10x | as long as short |
| Pacifica BNB | +0.0100% | 1h | 786.05 | +0.050% | $1.2M | $937K | 20x | as long as short |
| Bybit BNBUSDT | +0.0100% | 8h | 785.30 | −0.046% | $138.3M | $73.2M | 75x | as long as short |
| OKX BNB-USDT-SWAP | +0.0100% | 8h | 785.20 | −0.059% | $53.4M | $110.9M | 50x | as long as short |
| Arcus BNB-USD | +0.0100% | 1h | 785.90 | +0.030% | $52K | $125K | 10x | as long as short |
| Gate BNB_USDT | +0.0100% | 8h | 785.50 | −0.021% | $39.3M | $55.6M | 75x | as long as short |
| KuCoin BNBUSDTM | +0.0100% | 8h | 785.03 | −0.080% | $27.7M | $10.2M | 75x | as long as short |
| Bitget BNBUSDT | +0.0100% | 8h | 785.06 | −0.077% | $75.3M | $32.5M | 75x | as long as short |
| Backpack BNB_USDC_PERP | +0.0100% | 1h | 786.44 | +0.099% | $2.2M | $6.1M | 40x | as long as short |
| Variational Omni BNB | +0.0100% | 8h | 785.22 | −0.056% | $4.3M | $4.9M | — | as long as short |
| edgeX BNBUSDC | +0.0100% | 4h | 787.34 | +0.214% | $4.1M | $76.9M | 30x | as long as short |
| ApeX Omni BNBUSDT | +0.0100% | 1h | 787.16 | +0.191% | $158K | $439K | 50x | as long as short |
| Polymarket Perps BNB-USD | +0.0100% | 1h | 785.71 | +0.006% | $131K | $942K | 10x | as long as short |
| Orderly PERP_BNB_USDC | +0.0100% | 8h | 785.56 | −0.013% | $264K | $358K | 50x | as long as short |
| Derive BNB-PERPlong | +0.0100% | 1h | 785.66 | long leg | $31K | $12K | 10x | |
| SunX BNB-USDT | +0.0100% | 8h | 786.04 | +0.049% | $12K | $1.5M | 50x | as long as short |
| SoDEX BNB-USD | +0.0100% | 1h | 785.60 | −0.008% | $386K | $946K | 10x | as long as short |
| Deribit BNB_USDC-PERPETUAL | +0.0100% | 1h | 785.91 | +0.031% | $1.5M | $141K | 25x | as long as short |
| HTX BNB-USDT | +0.0100% | 8h | 785.75 | +0.012% | $8.0M | $10.3M | 75x | as long as short |
| Paradex BNB-USD-PERP | +0.0100% | 8h | 786.28 | +0.079% | $78K | $17K | 50x | as long as short |
| Extended BNB-USD | +0.0104% | 1h | 785.35 | −0.040% | $1.8M | $5.8M | 50x | as long as short |
| Aevo BNB-PERP | +0.0104% | 1h | 785.41 | −0.032% | $377K | $110K | 10x | as long as short |
| dYdX BNB-USD | +0.0111% | 1h | 785.69 | +0.004% | $157K | $64K | 10x | as long as short |
| Kalshi KXBNBPERP | +0.0113% | 8h | 786.10 | +0.056% | $159K | $2.6M | 4.8x | as long as short |
| Coinbase International BNB-PERP-INTX | +0.0120% | 1h | 786.59 | +0.118% | $548K | $1.9M | 50x | as long as short |
| Phoenix BNB | +0.0120% | 1h | 786.53 | +0.111% | $158K | $38K | 10x | as long as short |
| BloFin BNB-USDT | +0.0161% | 8h | 786.06 | +0.051% | $17.7M | $2.2M | 75x | as long as short |
| Phemex BNBUSDT | +0.0185% | 8h | 786.22 | +0.071% | $68.5M | $51.2M | 50x | as long as short |
| Bulk BNB-USD | +0.0215% | 1h | 787.68 | +0.257% | $638K | $831 | 10x | as long as short |
| 01 Exchange BNBUSD | +0.0232% | 1h | 786.20 | +0.069% | $28K | $3K | 10x | as long as short |
| Reya BNBRUSDPERP | +0.0319% | 1h | 785.16 | −0.064% | $6K | $3K | 40x | as long as short |
| RISEx BNB/USDC | +0.0355% | 1h | 785.88 | +0.028% | $1.1M | $911K | 20x | as long as short |
| Hibachi BNB/USDT-P | +0.0416% | 1h | 785.98 | +0.041% | $67K | $39K | 12x | as long as short |
Binance BNBUSDT
Lighter 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
SunX BNB-USDT
SoDEX BNB-USD
Deribit BNB_USDC-PERPETUAL
HTX BNB-USDT
Paradex BNB-USD-PERP
Extended BNB-USD
Aevo BNB-PERP
dYdX BNB-USD
Kalshi KXBNBPERP
Coinbase International BNB-PERP-INTX
Phoenix BNB
BloFin BNB-USDT
Phemex BNBUSDT
Bulk BNB-USD
01 Exchange BNBUSD
Reya BNBRUSDPERP
RISEx BNB/USDC
Hibachi BNB/USDT-P