Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.005%
Price spread now: Orderly against Derive−0.026%7-day average — · you buy dearer than you sell
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
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Orderly is 0.026% cheaper against Derive than usual: you would sell low and buy high, −$3 on $10k if it 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 | 803.26 | 0.0100 | pay 0.0013% / 1h | 52m 36s | $32K | $5K | 10x |
| Short | Orderly PERP_BNB_USDC | 803.05 | 0.0100 | get 0.0100% / 8h | 2h 52m | $388K | $595K | 50x |
Derive BNB-PERP
Orderly PERP_BNB_USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly 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
- $0
- Price spread: −0.026% → 0.000%
- −$2.59
- Slippage, 4 orders
- no order book: not counted
- Fee Derive: 3 bp × 2 orders
- −$6
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- −$14.59
- Costs to cover
- 0.120%
- Break-even
- never at this rate
Slippage unknown: Derive: no order-book sample; Orderly: 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 Orderly no order-book sample | — | — | — | — | — |
Derive and Orderly: 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 | 803.20 | −0.008% | $48K | — | 200x | as long as short |
| Hotstuff BNB-PERP | −0.0080% | 1h | 803.42 | +0.020% | $4K | $1K | 25x | as long as short |
| GRVT BNB_USDT_Perp | 0.0000% | 8h | 804.43 | +0.146% | $3.0M | $30.3M | 10x | as long as short |
| Kalshi KXBNBPERP | 0.0000% | 8h | 803.80 | +0.067% | $110K | $2.5M | 4.8x | as long as short |
| StandX BNB-USD | 0.0000% | 1h | 803.92 | +0.082% | $869K | $3.0M | 30x | as long as short |
| gTrade (Gains Network) BNB/USD | L +0.0008% / S −0.0007% | 1h | 803.27 | +0.002% | $9.8M | — | 150x | as long as short |
| Kraken Futures PF_BNBUSD | +0.0038% | 1h | 803.07 | −0.023% | $2.5M | $919K | 50x | as long as short |
| Variational Omni BNB | +0.0068% | 8h | 803.35 | +0.011% | $4.1M | $5.3M | — | as long as short |
| BingX BNB-USDT | +0.0070% | 8h | 802.71 | −0.068% | — | $34.5M | — | as long as short |
| Aster BNBUSDT | +0.0087% | 8h | 803.26 | 0.000% | $6.3M | $18.9M | 200x | 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
Kraken Futures PF_BNBUSD
Variational Omni BNB
BingX BNB-USDT
Aster BNBUSDTShow all 46 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International BNB-PERP-INTX | +0.0088% | 1h | 803.99 | +0.091% | $608K | $899K | 50x | as long as short |
| Lighter BNB | +0.0096% | 1h | 802.85 | −0.051% | $2.8M | $4.2M | 20x | as long as short |
| Nado BNB-PERP | +0.0100% | 1h | 802.35 | −0.113% | $1.4M | $2.8M | 20x | as long as short |
| Pacifica BNB | +0.0100% | 1h | 802.99 | −0.033% | $1.2M | $923K | 20x | as long as short |
| Bybit BNBUSDT | +0.0100% | 8h | 802.30 | −0.119% | $138.9M | $83.5M | 75x | as long as short |
| OKX BNB-USDT-SWAP | +0.0100% | 8h | 802.60 | −0.082% | $55.0M | $115.4M | 50x | as long as short |
| Arcus BNB-USD | +0.0100% | 1h | 802.90 | −0.045% | $52K | $191K | 10x | as long as short |
| Gate BNB_USDT | +0.0100% | 8h | 802.45 | −0.101% | $35.9M | $58.2M | 75x | as long as short |
| KuCoin BNBUSDTM | +0.0100% | 8h | 802.75 | −0.063% | $28.1M | $10.5M | 75x | as long as short |
| Bitget BNBUSDT | +0.0100% | 8h | 802.34 | −0.114% | $79.0M | $24.6M | 75x | as long as short |
| edgeX BNBUSDC | +0.0100% | 4h | 804.47 | +0.151% | $4.2M | $76.8M | 30x | as long as short |
| ApeX Omni BNBUSDT | +0.0100% | 1h | 803.95 | +0.086% | $159K | $437K | 50x | as long as short |
| Polymarket Perps BNB-USD | +0.0100% | 1h | 803.20 | −0.007% | $118K | $869K | 10x | as long as short |
| Orderly PERP_BNB_USDCshort | +0.0100% | 8h | 803.05 | −0.026% | $388K | $595K | 50x | |
| Derive BNB-PERPlong | +0.0100% | 1h | 803.26 | long leg | $32K | $5K | 10x | |
| SunX BNB-USDT | +0.0100% | 8h | 803.97 | +0.088% | $13K | $1.7M | 50x | as long as short |
| SoDEX BNB-USD | +0.0100% | 1h | 803.10 | −0.020% | $395K | $1.0M | 10x | as long as short |
| Deribit BNB_USDC-PERPETUAL | +0.0100% | 1h | 803.57 | +0.039% | $1.6M | $162K | 25x | as long as short |
| HTX BNB-USDT | +0.0100% | 8h | 803.03 | −0.029% | $8.2M | $7.4M | 75x | as long as short |
| Paradex BNB-USD-PERP | +0.0100% | 8h | 803.36 | +0.013% | $78K | $19K | 50x | as long as short |
| MEXC BNB_USDT | +0.0102% | 8h | 803.70 | +0.055% | $84.3M | $13.5M | 200x | as long as short |
| Binance BNBUSDT | +0.0102% | 8h | 803.26 | +0.001% | $518.1M | $807.4M | 75x | as long as short |
| Extended BNB-USD | +0.0104% | 1h | 802.28 | −0.122% | $1.9M | $6.1M | 50x | as long as short |
| Aevo BNB-PERP | +0.0104% | 1h | 803.04 | −0.027% | $386K | $40K | 10x | as long as short |
| Phemex BNBUSDT | +0.0121% | 8h | 803.66 | +0.050% | $70.1M | $51.9M | 50x | as long as short |
| Phoenix BNB | +0.0125% | 1h | 805.11 | +0.231% | $173K | $35K | 10x | as long as short |
| Bulk BNB-USD | +0.0140% | 1h | 805.09 | +0.227% | $650K | $11K | 10x | as long as short |
| Hyperliquid BNB | +0.0186% | 1h | 803.48 | +0.028% | $51.6M | $21.3M | 10x | as long as short |
| dYdX BNB-USD | +0.0192% | 1h | 803.01 | −0.031% | $170K | $55K | 10x | as long as short |
| RISEx BNB/USDC | +0.0209% | 1h | 802.99 | −0.033% | $1.1M | $1.4M | 20x | as long as short |
| BloFin BNB-USDT | +0.0222% | 8h | 803.74 | +0.060% | $18.8M | $3.1M | 75x | as long as short |
| Hibachi BNB/USDT-P | +0.0248% | 1h | 803.12 | −0.018% | $71K | $48K | 12x | as long as short |
| Reya BNBRUSDPERP | +0.0335% | 1h | 803.06 | −0.025% | $6K | $3K | 40x | as long as short |
| 01 Exchange BNBUSD | +0.0344% | 1h | 803.51 | +0.031% | $28K | $1K | 10x | as long as short |
| Injective BNB/USDC PERP | +0.0353% | 1h | 804.92 | +0.207% | $19K | $526K | 30x | as long as short |
| Backpack BNB_USDC_PERP | +0.0666% | 1h | 804.22 | +0.120% | $3.0M | $5.3M | 40x | as long as short |
Coinbase International BNB-PERP-INTX
Lighter BNB
Nado BNB-PERP
Pacifica BNB
Bybit BNBUSDT
OKX BNB-USDT-SWAP
Arcus BNB-USD
Gate BNB_USDT
KuCoin BNBUSDTM
Bitget BNBUSDT
edgeX BNBUSDC
ApeX Omni BNBUSDT
Polymarket Perps BNB-USD
SunX BNB-USDT
SoDEX BNB-USD
Deribit BNB_USDC-PERPETUAL
HTX BNB-USDT
Paradex BNB-USD-PERP
MEXC BNB_USDT
Binance BNBUSDT
Extended BNB-USD
Aevo BNB-PERP
Phemex BNBUSDT
Phoenix BNB
Bulk BNB-USD
Hyperliquid BNB
dYdX BNB-USD
RISEx BNB/USDC
BloFin BNB-USDT
Hibachi BNB/USDT-P
Reya BNBRUSDPERP
01 Exchange BNBUSD
Injective BNB/USDC PERP
Backpack BNB_USDC_PERP