Funding you earn now, next payment 00:00 UTC+0.0100%/8h= +10.9% APRnext payment +$0.13 per $10,000 · paid last 24h +0.024%
Price spread now: Deribit against Derive+0.033%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
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 +$3 a day on $10k at the current rate, and Deribit is 0.033% dearer against Derive than usual: you sell high and buy low: +$3 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 | 800.05 | 0.0100 | pay 0.0013% / 1h | 31m 36s | $32K | $5K | 10x |
| Short | Deribit BNB_USDC-PERPETUAL | 800.32 | 0.0200 | get 0.0025% / 1h | 31m 36s | $1.6M | $165K | 25x |
Derive BNB-PERP
Deribit BNB_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit 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
- $21
- Price spread: +0.033% → 0.000%
- $3.3
- Slippage, 4 orders
- no order book: not counted
- Fee Derive: 3 bp × 2 orders
- −$6
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- $11.3
- Costs to cover
- 0.130%
- Break-even
- 3.2 days
Slippage unknown: Derive: no order-book sample; Deribit: 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 Deribit live order book, 2 min ago | 2.94 bp | 9.0 bp −$9 | 13.6 bp −$136 | 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 −0.0201% / S +0.0372% | 1h | 799.88 | −0.021% | $48K | — | 200x | as long as short |
| Hotstuff BNB-PERP | −0.0080% | 1h | 800.08 | +0.004% | $4K | $1K | 25x | as long as short |
| Kraken Futures PF_BNBUSD | −0.0074% | 1h | 799.66 | −0.049% | $2.5M | $972K | 50x | as long as short |
| GRVT BNB_USDT_Perp | 0.0000% | 8h | 800.99 | +0.117% | $3.0M | $28.0M | 10x | as long as short |
| StandX BNB-USD | 0.0000% | 1h | 800.76 | +0.089% | $865K | $2.9M | 30x | as long as short |
| gTrade (Gains Network) BNB/USD | L +0.0008% / S −0.0007% | 1h | 799.89 | −0.020% | $9.7M | — | 150x | as long as short |
| Variational Omni BNB | +0.0021% | 8h | 799.96 | −0.012% | $4.1M | $5.4M | — | as long as short |
| BingX BNB-USDT | +0.0043% | 8h | 799.76 | −0.036% | — | $34.8M | — | as long as short |
| Bybit BNBUSDT | +0.0049% | 8h | 799.40 | −0.081% | $138.7M | $77.8M | 75x | as long as short |
| Coinbase International BNB-PERP-INTX | +0.0072% | 1h | 799.89 | −0.020% | $606K | $993K | 50x | 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
Variational Omni BNB
BingX BNB-USDT
Bybit BNBUSDT
Coinbase International BNB-PERP-INTXShow all 46 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster BNBUSDT | +0.0094% | 8h | 800.36 | +0.039% | $6.3M | $19.0M | 200x | as long as short |
| Lighter BNB | +0.0096% | 1h | 800.03 | −0.003% | $2.8M | $4.1M | 20x | as long as short |
| Nado BNB-PERP | +0.0100% | 1h | 799.66 | −0.049% | $1.4M | $2.7M | 20x | as long as short |
| Pacifica BNB | +0.0100% | 1h | 799.92 | −0.016% | $1.2M | $926K | 20x | as long as short |
| OKX BNB-USDT-SWAP | +0.0100% | 8h | 799.40 | −0.081% | $54.5M | $112.9M | 50x | as long as short |
| Arcus BNB-USD | +0.0100% | 1h | 800.20 | +0.019% | $53K | $133K | 10x | as long as short |
| Gate BNB_USDT | +0.0100% | 8h | 799.55 | −0.063% | $35.8M | $57.9M | 75x | as long as short |
| KuCoin BNBUSDTM | +0.0100% | 8h | 799.60 | −0.056% | $28.0M | $10.3M | 75x | as long as short |
| Bitget BNBUSDT | +0.0100% | 8h | 799.39 | −0.083% | $79.3M | $27.4M | 75x | as long as short |
| edgeX BNBUSDC | +0.0100% | 4h | 801.06 | +0.126% | $4.2M | $76.7M | 30x | as long as short |
| ApeX Omni BNBUSDT | +0.0100% | 1h | 801.03 | +0.122% | $161K | $441K | 50x | as long as short |
| Polymarket Perps BNB-USD | +0.0100% | 1h | 799.87 | −0.023% | $117K | $875K | 10x | as long as short |
| Orderly PERP_BNB_USDC | +0.0100% | 8h | 799.79 | −0.033% | $386K | $497K | 50x | as long as short |
| Derive BNB-PERPlong | +0.0100% | 1h | 800.05 | long leg | $32K | $5K | 10x | |
| SunX BNB-USDT | +0.0100% | 8h | 800.44 | +0.049% | $13K | $1.7M | 50x | as long as short |
| SoDEX BNB-USD | +0.0100% | 1h | 799.90 | −0.019% | $393K | $1.0M | 10x | as long as short |
| HTX BNB-USDT | +0.0100% | 8h | 800.02 | −0.004% | $8.2M | $8.0M | 75x | as long as short |
| Paradex BNB-USD-PERP | +0.0100% | 8h | 800.27 | +0.027% | $78K | $19K | 50x | as long as short |
| Extended BNB-USD | +0.0104% | 1h | 799.28 | −0.096% | $1.8M | $6.5M | 50x | as long as short |
| Aevo BNB-PERP | +0.0104% | 1h | 799.93 | −0.015% | $384K | $40K | 10x | as long as short |
| Phemex BNBUSDT | +0.0111% | 8h | 800.39 | +0.042% | $69.9M | $50.6M | 50x | as long as short |
| MEXC BNB_USDT | +0.0115% | 8h | 800.70 | +0.081% | $83.1M | $13.5M | 200x | as long as short |
| Binance BNBUSDT | +0.0116% | 8h | 800.29 | +0.030% | $499.7M | $815.8M | 75x | as long as short |
| Kalshi KXBNBPERP | +0.0116% | 8h | 800.60 | +0.069% | $110K | $2.9M | 4.8x | as long as short |
| Phoenix BNB | +0.0127% | 1h | 800.57 | +0.065% | $172K | $36K | 10x | as long as short |
| Hibachi BNB/USDT-P | +0.0184% | 1h | 800.06 | +0.001% | $70K | $44K | 12x | as long as short |
| Hyperliquid BNB | +0.0186% | 1h | 800.41 | +0.045% | $51.9M | $21.1M | 10x | as long as short |
| Deribit BNB_USDC-PERPETUALshort | +0.0200% | 1h | 800.32 | +0.033% | $1.6M | $165K | 25x | |
| BloFin BNB-USDT | +0.0237% | 8h | 800.43 | +0.047% | $18.2M | $2.5M | 75x | as long as short |
| RISEx BNB/USDC | +0.0258% | 1h | 799.95 | −0.013% | $1.1M | $1.4M | 20x | as long as short |
| Bulk BNB-USD | +0.0305% | 1h | 801.82 | +0.221% | $651K | $20K | 10x | as long as short |
| Injective BNB/USDC PERP | +0.0306% | 1h | 805.09 | +0.630% | $19K | $789K | 30x | as long as short |
| 01 Exchange BNBUSD | +0.0312% | 1h | 800.68 | +0.079% | $28K | $1K | 10x | as long as short |
| Reya BNBRUSDPERP | +0.0332% | 1h | 799.42 | −0.079% | $6K | $3K | 40x | as long as short |
| dYdX BNB-USD | +0.0393% | 1h | 800.10 | +0.007% | $161K | $62K | 10x | as long as short |
| Backpack BNB_USDC_PERP | +0.0411% | 1h | 800.67 | +0.077% | $2.7M | $5.7M | 40x | as long as short |
Aster BNBUSDT
Lighter BNB
Nado BNB-PERP
Pacifica BNB
OKX BNB-USDT-SWAP
Arcus BNB-USD
Gate BNB_USDT
KuCoin BNBUSDTM
Bitget BNBUSDT
edgeX BNBUSDC
ApeX Omni BNBUSDT
Polymarket Perps BNB-USD
Orderly PERP_BNB_USDC
SunX BNB-USDT
SoDEX BNB-USD
HTX BNB-USDT
Paradex BNB-USD-PERP
Extended BNB-USD
Aevo BNB-PERP
Phemex BNBUSDT
MEXC BNB_USDT
Binance BNBUSDT
Kalshi KXBNBPERP
Phoenix BNB
Hibachi BNB/USDT-P
Hyperliquid BNB
BloFin BNB-USDT
RISEx BNB/USDC
Bulk BNB-USD
Injective BNB/USDC PERP
01 Exchange BNBUSD
Reya BNBRUSDPERP
dYdX BNB-USD
Backpack BNB_USDC_PERP