BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0027%/8h= +2.9% APRnext payment +$0.03 per $10,000 · paid last 24h +0.015%

Price spread now: Phoenix against Derive+0.065%68s7-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 Phoenix

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 for this trade now. Funding pays +$1 a day on $10k at the current rate, and Phoenix is 0.065% dearer against Derive than usual: you sell high and buy low: +$6 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 68 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	800.05	0.0100	pay 0.0013% / 1h	32m 27s	$32K	$5K	10x
Short	Phoenix BNB	800.57	0.0127	get 0.0016% / 1h	32m 27s	$172K	$36K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix 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 PhoenixbpOrdersPrice spread, now +0.065%Rate

Funding earned: $5.61
Price spread: +0.065% → 0.000%: $6.49
Slippage, 4 orders: no order book: not counted
Fee Derive: 3 bp × 2 orders: −$6
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: −$0.9
Costs to cover: 0.130%
Break-even: 8.1 days

Slippage unknown: Derive: no order-book sample; Phoenix: live order book, 39 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 Phoenix live order book, 39 min ago	1.00 bp	12.4 bp −$12	43.2 bp −$432	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	799.70	−0.044%	$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-USDC	+0.0045%	8h	799.97	−0.010%	—	$13.3M	—	as long as short
Bybit BNBUSDT	+0.0049%	8h	799.50	−0.069%	$138.7M	$77.8M	75x	as long as short
Coinbase International BNB-PERP-INTX	+0.0072%	1h	800.72	+0.084%	$607K	$994K	50x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster BNBUSDT	+0.0095%	8h	800.56	+0.064%	$6.3M	$19.0M	200x	as long as short
Lighter BNB	+0.0096%	1h	800.12	+0.008%	$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	800.09	+0.005%	$1.2M	$926K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	799.60	−0.056%	$54.5M	$113.0M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	800.40	+0.044%	$53K	$133K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	799.65	−0.050%	$35.8M	$57.9M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	799.81	−0.030%	$28.0M	$10.3M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	799.46	−0.074%	$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	800.10	+0.006%	$393K	$1.0M	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	800.40	+0.043%	$8.2M	$8.0M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	800.43	+0.048%	$78K	$19K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	799.52	−0.067%	$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	+0.0112%	8h	800.53	+0.060%	$69.9M	$50.7M	50x	as long as short
Binance BNBUSDT	+0.0116%	8h	800.41	+0.045%	$499.8M	$816.3M	75x	as long as short
MEXC BNB_USDT	+0.0116%	8h	800.80	+0.094%	$83.1M	$13.5M	200x	as long as short
Kalshi KXBNBPERP	+0.0116%	8h	800.40	+0.044%	$110K	$2.9M	4.8x	as long as short
Phoenix BNBshort	+0.0127%	1h	800.57	+0.065%	$172K	$36K	10x
Hibachi BNB/USDT-P	+0.0184%	1h	800.06	+0.001%	$70K	$44K	12x	as long as short
Hyperliquid BNB	+0.0187%	1h	800.51	+0.057%	$51.9M	$21.1M	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0200%	1h	800.38	+0.042%	$1.6M	$165K	25x	as long as short
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	800.21	+0.019%	$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	+0.0395%	1h	800.10	+0.007%	$161K	$62K	10x	as long as short
Backpack BNB_USDC_PERP	+0.0412%	1h	800.61	+0.070%	$2.7M	$5.7M	40x	as long as short