Funding you earn now, next payment 23:00 UTC+0.0028%/8h= +3.1% APRnext payment +$0.04 per $10,000 · paid last 24h +0.087%
Price spread now: Hibachi against Derive+0.394%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
=Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Hibachi is 0.394% dearer against Derive than usual: you sell high and buy low: +$39 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 | 802.02 | 0.0100 | pay 0.0013% / 1h | 33m 50s | $32K | $5K | 10x |
| Short | Hibachi BNB/USDT-P | 805.18 | 0.0128 | get 0.0016% / 1h | 33m 50s | $71K | $48K | 12x |
Derive BNB-PERP
Hibachi BNB/USDT-PFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hibachi 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
- $5.88
- Price spread: +0.394% → 0.000%
- $39.43
- Slippage, 4 orders
- no order book: not counted
- Fee Derive: 3 bp × 2 orders
- −$6
- Fee Hibachi: 4.5 bp × 2 orders
- −$9
- Net
- $30.31
- Costs to cover
- 0.150%
- Break-even
- from the start
Slippage unknown: Derive: no order-book sample; Hibachi: no order-book sample. 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 Hibachi no order-book sample | — | — | — | — | — |
Derive and Hibachi: 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 | 801.27 | −0.093% | $48K | — | 200x | as long as short |
| Hotstuff BNB-PERP | −0.0080% | 1h | 805.25 | +0.403% | $4K | $1K | 25x | as long as short |
| GRVT BNB_USDT_Perp | 0.0000% | 8h | 806.32 | +0.536% | $3.0M | $29.1M | 10x | as long as short |
| Kalshi KXBNBPERP | 0.0000% | 8h | 801.80 | −0.027% | $158K | $2.8M | 4.8x | as long as short |
| StandX BNB-USD | 0.0000% | 1h | 805.11 | +0.385% | $870K | $2.8M | 30x | as long as short |
| gTrade (Gains Network) BNB/USD | L +0.0008% / S −0.0007% | 1h | 801.48 | −0.068% | $9.7M | — | 150x | as long as short |
| Variational Omni BNB | +0.0041% | 8h | 805.56 | +0.441% | $4.1M | $5.3M | — | as long as short |
| BingX BNB-USDT | +0.0058% | 8h | 802.62 | +0.075% | — | $35.0M | — | as long as short |
| Bybit BNBUSDT | +0.0082% | 8h | 802.00 | −0.002% | $139.8M | $82.9M | 75x | as long as short |
| Lighter BNB | +0.0096% | 1h | 802.59 | +0.071% | $2.8M | $4.2M | 20x | as long as short |
GMX BNB/USD [WBTC.b-USDC]
Hotstuff BNB-PERP
GRVT BNB_USDT_Perp
Kalshi KXBNBPERP
StandX BNB-USD
gTrade (Gains Network) BNB/USD
Variational Omni BNB
BingX BNB-USDT
Bybit BNBUSDT
Lighter BNBShow all 46 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International BNB-PERP-INTX | +0.0096% | 1h | 799.92 | −0.262% | $603K | $963K | 50x | as long as short |
| Nado BNB-PERP | +0.0100% | 1h | 799.82 | −0.274% | $1.5M | $2.8M | 20x | as long as short |
| Pacifica BNB | +0.0100% | 1h | 804.72 | +0.337% | $1.2M | $923K | 20x | as long as short |
| OKX BNB-USDT-SWAP | +0.0100% | 8h | 802.40 | +0.048% | $55.0M | $117.2M | 50x | as long as short |
| Arcus BNB-USD | +0.0100% | 1h | 801.40 | −0.077% | $53K | $170K | 10x | as long as short |
| Gate BNB_USDT | +0.0100% | 8h | 802.30 | +0.035% | $35.9M | $58.0M | 75x | as long as short |
| KuCoin BNBUSDTM | +0.0100% | 8h | 802.04 | +0.003% | $28.1M | $10.5M | 75x | as long as short |
| Bitget BNBUSDT | +0.0100% | 8h | 802.15 | +0.016% | $81.1M | $26.7M | 75x | as long as short |
| edgeX BNBUSDC | +0.0100% | 4h | 806.66 | +0.578% | $4.2M | $76.7M | 30x | as long as short |
| ApeX Omni BNBUSDT | +0.0100% | 1h | 806.65 | +0.577% | $162K | $440K | 50x | as long as short |
| Polymarket Perps BNB-USD | +0.0100% | 1h | 800.47 | −0.193% | $119K | $878K | 10x | as long as short |
| Orderly PERP_BNB_USDC | +0.0100% | 8h | 801.75 | −0.033% | $387K | $592K | 50x | as long as short |
| Derive BNB-PERPlong | +0.0100% | 1h | 802.02 | long leg | $32K | $5K | 10x | |
| SunX BNB-USDT | +0.0100% | 8h | 801.99 | −0.003% | $13K | $1.7M | 50x | as long as short |
| HTX BNB-USDT | +0.0100% | 8h | 801.36 | −0.082% | $8.2M | $7.8M | 75x | as long as short |
| Paradex BNB-USD-PERP | +0.0100% | 8h | 805.30 | +0.409% | $79K | $19K | 50x | as long as short |
| Aster BNBUSDT | +0.0101% | 8h | 802.89 | +0.109% | $6.4M | $19.2M | 200x | as long as short |
| Extended BNB-USD | +0.0104% | 1h | 802.16 | +0.017% | $1.8M | $6.1M | 50x | as long as short |
| Aevo BNB-PERP | +0.0104% | 1h | 802.21 | +0.024% | $385K | $40K | 10x | as long as short |
| Binance BNBUSDT | +0.0120% | 8h | 802.93 | +0.114% | $517.9M | $827.5M | 75x | as long as short |
| MEXC BNB_USDT | +0.0122% | 8h | 803.10 | +0.135% | $84.1M | $13.7M | 200x | as long as short |
| Hibachi BNB/USDT-Pshort | +0.0128% | 1h | 805.18 | +0.394% | $71K | $48K | 12x | |
| Phemex BNBUSDT | +0.0133% | 8h | 802.06 | +0.005% | $70.0M | $51.7M | 50x | as long as short |
| Phoenix BNB | +0.0155% | 1h | 806.28 | +0.531% | $173K | $35K | 10x | as long as short |
| SoDEX BNB-USD | +0.0164% | 1h | 802.00 | −0.002% | $395K | $1.0M | 10x | as long as short |
| dYdX BNB-USD | +0.0186% | 1h | 802.20 | +0.022% | $162K | $64K | 10x | as long as short |
| Kraken Futures PF_BNBUSD | +0.0206% | 1h | 801.65 | −0.046% | $2.6M | $983K | 50x | as long as short |
| Hyperliquid BNB | +0.0242% | 1h | 803.28 | +0.157% | $52.0M | $22.2M | 10x | as long as short |
| BloFin BNB-USDT | +0.0243% | 8h | 805.45 | +0.428% | $18.8M | $2.6M | 75x | as long as short |
| Bulk BNB-USD | +0.0295% | 1h | 807.66 | +0.703% | $652K | $14K | 10x | as long as short |
| Deribit BNB_USDC-PERPETUAL | +0.0300% | 1h | 802.30 | +0.035% | $1.6M | $165K | 25x | as long as short |
| Injective BNB/USDC PERP | +0.0311% | 1h | 805.09 | +0.383% | $19K | $789K | 30x | as long as short |
| RISEx BNB/USDC | +0.0318% | 1h | 800.40 | −0.202% | $1.1M | $1.4M | 20x | as long as short |
| Reya BNBRUSDPERP | +0.0333% | 1h | 800.49 | −0.190% | $6K | $3K | 40x | as long as short |
| 01 Exchange BNBUSD | +0.0344% | 1h | 799.92 | −0.262% | $28K | $1K | 10x | as long as short |
| Backpack BNB_USDC_PERP | +0.0679% | 1h | 802.97 | +0.119% | $3.0M | $5.5M | 40x | as long as short |
Coinbase International BNB-PERP-INTX
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
HTX BNB-USDT
Paradex BNB-USD-PERP
Aster BNBUSDT
Extended BNB-USD
Aevo BNB-PERP
Binance BNBUSDT
MEXC BNB_USDT
Phemex BNBUSDT
Phoenix BNB
SoDEX BNB-USD
dYdX BNB-USD
Kraken Futures PF_BNBUSD
Hyperliquid BNB
BloFin BNB-USDT
Bulk BNB-USD
Deribit BNB_USDC-PERPETUAL
Injective BNB/USDC PERP
RISEx BNB/USDC
Reya BNBRUSDPERP
01 Exchange BNBUSD
Backpack BNB_USDC_PERP