BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0615%/8h= +67.3% APRnext payment +$0.77 per $10,000 · paid last 24h +0.037%

Price spread now: Backpack against Derive+0.074%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Derive Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$18 a day on $10k at the current rate, and Backpack is 0.074% dearer against Derive than usual: you sell high and buy low: +$7 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Derive BNB-PERP	807.14	0.0100	pay 0.0013% / 1h	41m 50s	$32K	$5K	10x
Short	Backpack BNB_USDC_PERP	807.73	0.0715	get 0.0089% / 1h	41m 50s	$3.0M	$5.5M	40x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against Derive. 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 DerivebpFee BackpackbpOrdersPrice spread, now +0.074%Rate

Funding earned: $129.13
Price spread: +0.074% → 0.000%: $7.36
Slippage, 4 orders: no order book: not counted
Fee Derive: 3 bp × 2 orders: −$6
Fee Backpack: 5 bp × 2 orders: −$10
Net: $120.49
Costs to cover: 0.160%
Break-even: 0.5 days

Slippage unknown: Derive: no order-book sample; Backpack: live order book, 2 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 Backpack live order book, 2 min ago	0.06 bp	5.1 bp −$5	5.7 bp −$57	doesn't fit	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 −0.0195% / S +0.0371%	1h	806.77	−0.045%	$49K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	806.43	−0.087%	$4K	$1K	25x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	806.21	−0.115%	$3.0M	$29.2M	10x	as long as short
Kalshi KXBNBPERP	0.0000%	8h	807.50	+0.045%	$108K	$2.5M	4.8x	as long as short
StandX BNB-USD	0.0000%	1h	805.76	−0.170%	$871K	$2.8M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	806.87	−0.033%	$9.8M	—	150x	as long as short
Variational Omni BNB	+0.0048%	8h	804.97	−0.268%	$4.1M	$5.3M	—	as long as short
BingX BNB-USDT	+0.0059%	8h	807.21	+0.009%	—	$34.5M	—	as long as short
Hibachi BNB/USDT-P	+0.0080%	1h	805.86	−0.158%	$71K	$48K	12x	as long as short
Bybit BNBUSDT	+0.0083%	8h	806.56	−0.071%	$139.7M	$81.2M	75x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter BNB	+0.0096%	1h	807.20	+0.008%	$2.8M	$4.2M	20x	as long as short
Coinbase International BNB-PERP-INTX	+0.0096%	1h	805.54	−0.198%	$608K	$881K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	806.45	−0.085%	$1.5M	$2.7M	20x	as long as short
Pacifica BNB	+0.0100%	1h	806.62	−0.064%	$1.2M	$924K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	806.80	−0.042%	$55.1M	$116.0M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	806.80	−0.042%	$53K	$170K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	806.90	−0.029%	$36.1M	$57.5M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	806.75	−0.048%	$28.2M	$10.5M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	806.73	−0.050%	$78.9M	$25.0M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	806.31	−0.103%	$4.2M	$76.6M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	806.49	−0.080%	$162K	$440K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	806.65	−0.060%	$116K	$870K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	806.85	−0.035%	$390K	$592K	50x	as long as short
Derive BNB-PERPlong	+0.0100%	1h	807.14	long leg	$32K	$5K	10x
SunX BNB-USDT	+0.0100%	8h	806.36	−0.097%	$13K	$1.7M	50x	as long as short
HTX BNB-USDT	+0.0100%	8h	806.81	−0.041%	$8.2M	$7.6M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	807.01	−0.016%	$79K	$19K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	806.61	−0.066%	$1.9M	$6.0M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	807.11	−0.003%	$388K	$40K	10x	as long as short
Aster BNBUSDT	+0.0107%	8h	807.70	+0.070%	$6.4M	$18.8M	200x	as long as short
MEXC BNB_USDT	+0.0120%	8h	808.00	+0.107%	$84.8M	$13.4M	200x	as long as short
Binance BNBUSDT	+0.0121%	8h	807.67	+0.067%	$521.7M	$803.8M	75x	as long as short
Phemex BNBUSDT	+0.0131%	8h	807.43	+0.036%	$70.5M	$51.7M	50x	as long as short
Phoenix BNB	+0.0155%	1h	806.22	−0.113%	$173K	$35K	10x	as long as short
SoDEX BNB-USD	+0.0186%	1h	807.00	−0.017%	$397K	$1.0M	10x	as long as short
Hyperliquid BNB	+0.0203%	1h	807.98	+0.105%	$52.0M	$22.1M	10x	as long as short
Kraken Futures PF_BNBUSD	+0.0205%	1h	806.81	−0.040%	$2.5M	$929K	50x	as long as short
dYdX BNB-USD	+0.0207%	1h	806.57	−0.070%	$163K	$63K	10x	as long as short
BloFin BNB-USDT	+0.0241%	8h	806.53	−0.075%	$18.8M	$3.1M	75x	as long as short
Bulk BNB-USD	+0.0274%	1h	805.55	−0.196%	$651K	$14K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	807.40	+0.032%	$1.6M	$165K	25x	as long as short
Injective BNB/USDC PERP	+0.0311%	1h	805.09	−0.253%	$19K	$789K	30x	as long as short
RISEx BNB/USDC	+0.0318%	1h	806.89	−0.030%	$1.1M	$1.4M	20x	as long as short
Reya BNBRUSDPERP	+0.0333%	1h	806.42	−0.089%	$6K	$3K	40x	as long as short
01 Exchange BNBUSD	+0.0352%	1h	807.43	+0.036%	$29K	$1K	10x	as long as short
Backpack BNB_USDC_PERPshort	+0.0715%	1h	807.73	+0.074%	$3.0M	$5.5M	40x