BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC−0.0012%/8h= −1.3% APRnext payment −$0.02 per $10,000 · paid last 24h +0.003%

Price spread now: Coinbase International against Derive+0.195%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 Coinbase International

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

The price spread pays, funding is against you. Coinbase International is 0.195% dearer against Derive than usual: you sell high and buy low (spread +0.195% now, against zero (this spread has no 7-day history yet)): +$20 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 54 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Derive BNB-PERP	803.67	0.0100	pay 0.0013% / 1h	55m 23s	$32K	$5K	10x
Short	Coinbase International BNB-PERP-INTX	805.24	0.0088	get 0.0011% / 1h	55m 23s	$609K	$899K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now +0.195%Rate

Funding earned: −$2.52
Price spread: +0.195% → 0.000%: $19.5
Slippage, 4 orders: no order book: not counted
Fee Derive: 3 bp × 2 orders: −$6
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $0.98
Costs to cover: 0.160%
Break-even: from the start

Slippage unknown: Derive: no order-book sample; Coinbase International: live order book, 33 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 Coinbase International live order book, 33 min ago	3.05 bp	8.6 bp −$9	14.0 bp −$140	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	804.24	+0.070%	$49K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	804.18	+0.063%	$4K	$1K	25x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	804.31	+0.080%	$3.0M	$30.4M	10x	as long as short
Kalshi KXBNBPERP	0.0000%	8h	804.10	+0.053%	$110K	$2.5M	4.8x	as long as short
StandX BNB-USD	0.0000%	1h	803.78	+0.013%	$869K	$3.0M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	804.21	+0.067%	$9.8M	—	150x	as long as short
Kraken Futures PF_BNBUSD	+0.0038%	1h	803.66	−0.001%	$2.5M	$915K	50x	as long as short
Variational Omni BNB	+0.0068%	8h	803.35	−0.041%	$4.1M	$5.3M	—	as long as short
Aster BNBUSDT	+0.0087%	8h	804.22	+0.068%	$6.4M	$18.9M	200x	as long as short
Coinbase International BNB-PERP-INTXshort	+0.0088%	1h	805.24	+0.195%	$609K	$899K	50x

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter BNB	+0.0096%	1h	803.74	+0.008%	$2.8M	$4.2M	20x	as long as short
Nado BNB-PERP	+0.0100%	1h	803.34	−0.042%	$1.4M	$2.8M	20x	as long as short
Pacifica BNB	+0.0100%	1h	803.81	+0.017%	$1.2M	$923K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	803.80	+0.016%	$139.2M	$83.3M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	804.20	+0.066%	$55.0M	$115.5M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	803.90	+0.028%	$52K	$191K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	803.95	+0.034%	$36.0M	$58.1M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	803.95	+0.034%	$28.1M	$10.5M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	803.67	0.000%	$79.1M	$24.6M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	804.49	+0.102%	$4.2M	$76.7M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	803.95	+0.034%	$159K	$437K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	804.02	+0.043%	$118K	$869K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	804.35	+0.084%	$389K	$595K	50x	as long as short
Derive BNB-PERPlong	+0.0100%	1h	803.67	long leg	$32K	$5K	10x
SunX BNB-USDT	+0.0100%	8h	804.52	+0.105%	$13K	$1.7M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	803.70	+0.003%	$395K	$1.0M	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	803.53	−0.018%	$8.2M	$7.3M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	804.31	+0.080%	$78K	$19K	50x	as long as short
MEXC BNB_USDT	+0.0101%	8h	805.20	+0.190%	$84.5M	$13.5M	200x	as long as short
BingX BNB-USDC	+0.0102%	8h	804.29	+0.077%	—	$13.3M	—	as long as short
Binance BNBUSDT	+0.0102%	8h	804.86	+0.148%	$519.3M	$807.3M	75x	as long as short
Extended BNB-USD	+0.0104%	1h	803.24	−0.053%	$1.9M	$6.1M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	804.49	+0.102%	$386K	$40K	10x	as long as short
Phoenix BNB	+0.0110%	1h	805.11	+0.179%	$173K	$35K	10x	as long as short
Phemex BNBUSDT	+0.0115%	8h	804.18	+0.063%	$70.2M	$51.8M	50x	as long as short
Bulk BNB-USD	+0.0140%	1h	805.09	+0.176%	$650K	$11K	10x	as long as short
dYdX BNB-USD	+0.0207%	1h	803.19	−0.060%	$170K	$55K	10x	as long as short
RISEx BNB/USDC	+0.0209%	1h	804.10	+0.053%	$1.1M	$1.4M	20x	as long as short
Hyperliquid BNB	+0.0215%	1h	804.84	+0.145%	$51.7M	$21.4M	10x	as long as short
BloFin BNB-USDT	+0.0222%	8h	804.51	+0.104%	$18.9M	$3.0M	75x	as long as short
Hibachi BNB/USDT-P	+0.0240%	1h	803.60	−0.009%	$71K	$48K	12x	as long as short
01 Exchange BNBUSD	+0.0288%	1h	804.35	+0.084%	$28K	$1K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	804.07	+0.049%	$1.6M	$161K	25x	as long as short
Reya BNBRUSDPERP	+0.0335%	1h	803.85	+0.022%	$6K	$3K	40x	as long as short
Injective BNB/USDC PERP	+0.0353%	1h	804.92	+0.155%	$19K	$526K	30x	as long as short
Backpack BNB_USDC_PERP	+0.0653%	1h	804.61	+0.117%	$3.0M	$5.3M	40x	as long as short