BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0093%/8h= −10.2% APRnext payment −$0.12 per $10,000 · paid last 24h −0.026%

Price spread now: gTrade (Gains Network) against Derive−0.047%55s7-day average — · you buy dearer than you sell

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

Long on Derive Short on gTrade (Gains Network)

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 against this trade now: funding costs −$3 a day on $10k at the current rate, and gTrade (Gains Network) is 0.047% cheaper against Derive than usual: you would sell low and buy high (−$5 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 55 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	789.67	0.0100	pay 0.0013% / 1h	50m 25s	$31K	$12K	10x
Short	gTrade (Gains Network) BNB/USD	789.29	L +0.0007% / S −0.0007%	get 0.0001% / 1h	50m 25s	$9.5M	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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 gTrade (Gains Network)bpOrdersPrice spread, now −0.047%Rate

Funding earned: −$19.49
Price spread: −0.047% → 0.000%: −$4.7
Slippage, 4 orders: no order book: not counted
Fee Derive: 3 bp × 2 orders: −$6
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$40.19
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Derive: no order-book sample; gTrade (Gains Network): virtual book (oracle venue), 4 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 gTrade (Gains Network) virtual book (oracle venue), 4 min ago	130.01 bp	135.0 bp −$135	135.0 bp −$1,350	484.2 bp −$48.4K	3301.4 bp −$1.65M

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 −0.0183% / S +0.0348%	1h	789.31	−0.046%	$46K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	790.46	+0.101%	$4K	$42	25x	as long as short
StandX BNB-USD	0.0000%	1h	790.22	+0.070%	$854K	$3.2M	30x	as long as short
gTrade (Gains Network) BNB/USDshort	L +0.0007% / S −0.0007%	1h	789.29	−0.047%	$9.5M	—	150x
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+1.953%	$19K	$789K	30x	as long as short
Aster BNBUSDT	+0.0043%	8h	789.89	+0.028%	$6.1M	$18.7M	200x	as long as short
BingX BNB-USDC	+0.0056%	8h	789.93	+0.034%	—	$13.4M	—	as long as short
Coinbase International BNB-PERP-INTX	+0.0064%	1h	790.64	+0.123%	$583K	$1.9M	50x	as long as short
MEXC BNB_USDT	+0.0068%	8h	790.20	+0.068%	$80.2M	$12.2M	200x	as long as short
Binance BNBUSDT	+0.0068%	8h	789.92	+0.032%	$492.8M	$789.7M	75x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex BNBUSDT	+0.0072%	8h	790.14	+0.060%	$69.2M	$49.9M	50x	as long as short
Lighter BNB	+0.0096%	1h	789.57	−0.013%	$2.7M	$3.8M	20x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	789.27	−0.050%	$265K	$498K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	789.75	+0.011%	$1.5M	$2.6M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	789.88	+0.027%	$51.8M	$17.5M	10x	as long as short
Pacifica BNB	+0.0100%	1h	789.76	+0.012%	$1.2M	$931K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	789.10	−0.072%	$138.8M	$74.9M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	789.10	−0.072%	$53.4M	$111.4M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	789.60	−0.008%	$52K	$130K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	789.25	−0.053%	$35.4M	$56.5M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	789.20	−0.059%	$27.6M	$10.3M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	788.96	−0.089%	$76.4M	$30.4M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	790.02	+0.045%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	789.11	−0.070%	$4.1M	$4.6M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	790.98	+0.167%	$4.1M	$74.4M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	790.67	+0.127%	$159K	$441K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	789.42	−0.031%	$133K	$952K	10x	as long as short
Derive BNB-PERPlong	+0.0100%	1h	789.67	long leg	$31K	$12K	10x
SunX BNB-USDT	+0.0100%	8h	789.97	+0.039%	$12K	$1.5M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	789.70	+0.004%	$388K	$1.0M	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	789.64	−0.003%	$8.1M	$9.3M	75x	as long as short
Paradex BNB-USD-PERP	+0.0101%	8h	790.05	+0.049%	$77K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	788.89	−0.098%	$1.8M	$5.9M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	789.57	−0.012%	$379K	$110K	10x	as long as short
dYdX BNB-USD	+0.0108%	1h	789.76	+0.012%	$160K	$64K	10x	as long as short
Phoenix BNB	+0.0117%	1h	790.37	+0.089%	$170K	$35K	10x	as long as short
GRVT BNB_USDT_Perp	+0.0138%	8h	791.19	+0.193%	$3.0M	$28.0M	10x	as long as short
Kalshi KXBNBPERP	+0.0182%	8h	790.50	+0.106%	$113K	$2.7M	4.8x	as long as short
BloFin BNB-USDT	+0.0188%	8h	789.97	+0.039%	$18.2M	$2.2M	75x	as long as short
01 Exchange BNBUSD	+0.0224%	1h	789.82	+0.020%	$28K	$4K	10x	as long as short
Kraken Futures PF_BNBUSD	+0.0263%	1h	789.39	−0.034%	$2.5M	$1.2M	50x	as long as short
Bulk BNB-USD	+0.0296%	1h	791.64	+0.250%	$641K	$9K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	790.00	+0.042%	$1.5M	$143K	25x	as long as short
Reya BNBRUSDPERP	+0.0326%	1h	788.95	−0.090%	$6K	$3K	40x	as long as short
RISEx BNB/USDC	+0.0461%	1h	789.70	+0.004%	$1.1M	$975K	20x	as long as short
Hibachi BNB/USDT-P	+0.0544%	1h	789.84	+0.022%	$67K	$38K	12x	as long as short