Funding you earn now, next payment 23:00 UTC+0.0099%/8h= +10.9% APRnext payment +$0.12 per $10,000 · paid last 24h −0.086%
Price spread now: Deribit against dYdX−0.023%7-day average +0.043% · you buy dearer than you sell
Net, funding: paid 7d − costs−$94as in the Funding arb table
Net, price: spread back to 7d avg − costs−$70as in the Price arb table
costs, in and out, $10k−$630.635% of the position
Funding, last 7 days−0.305%−$30 on $10k
+Price spread, last 3 days (all we have)+0.031%+$3 · spread now −0.023%, 7d avg +0.043%
=Funding pays, the price is against you. Deribit is 0.066% cheaper against dYdX than usual: you would sell low and buy high (spread −0.023% now, against its 7-day average of +0.043%). If the spread goes back, that is −$7 on $10k: about 2.2 days of funding at the current rate (+$3 a day). Mind the row above: over the last 7 days funding on this pair cost −0.305%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | dYdX BNB-USD | 806.57 | 0.0201 | pay 0.0025% / 1h | 37m 04s | $163K | $63K | 10x |
| Short | Deribit BNB_USDC-PERPETUAL | 806.39 | 0.0300 | get 0.0037% / 1h | 37m 04s | $1.6M | $165K | 25x |
dYdX BNB-USD
Deribit BNB_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against dYdX. 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
- $20.81
- Price spread: −0.023% → +0.043%
- −$6.6
- Slippage, 4 orders
- −$46.46
- Fee dYdX: 5 bp × 2 orders
- −$10
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$49.25
- Costs to cover
- 0.635%
- Break-even
- 23.6 days
Slippage from dYdX: live order book, 47 min ago; Deribit: live order book, 2 min ago.
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 dYdX live order book, 47 min ago | 12.51 bp | 26.8 bp −$27 | 155.3 bp −$1,553 | 272.1 bp −$27.2K | 509.6 bp −$254.8K |
| Sell Deribit live order book, 2 min ago | 5.02 bp | 8.5 bp −$9 | 14.2 bp −$142 | doesn't fit | doesn't fit |
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 | 805.95 | −0.078% | $48K | — | 200x | as long as short |
| Hotstuff BNB-PERP | −0.0080% | 1h | 806.63 | +0.007% | $4K | $1K | 25x | as long as short |
| GRVT BNB_USDT_Perp | 0.0000% | 8h | 806.76 | +0.024% | $3.0M | $29.1M | 10x | as long as short |
| Kalshi KXBNBPERP | 0.0000% | 8h | 806.80 | +0.028% | $106K | $2.5M | 4.8x | as long as short |
| StandX BNB-USD | 0.0000% | 1h | 806.55 | −0.003% | $872K | $2.8M | 30x | as long as short |
| gTrade (Gains Network) BNB/USD | L +0.0008% / S −0.0007% | 1h | 805.90 | −0.083% | $9.8M | — | 150x | as long as short |
| Variational Omni BNB | +0.0044% | 8h | 806.56 | −0.002% | $4.1M | $5.3M | — | as long as short |
| BingX BNB-USDC | +0.0059% | 8h | 806.28 | −0.036% | — | $13.3M | — | as long as short |
| Bybit BNBUSDT | +0.0083% | 8h | 805.77 | −0.099% | $139.6M | $81.2M | 75x | as long as short |
| Lighter BNB | +0.0096% | 1h | 806.29 | −0.036% | $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-USDC
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 | 805.54 | −0.128% | $608K | $881K | 50x | as long as short |
| Nado BNB-PERP | +0.0100% | 1h | 805.85 | −0.090% | $1.5M | $2.7M | 20x | as long as short |
| Pacifica BNB | +0.0100% | 1h | 806.35 | −0.028% | $1.2M | $923K | 20x | as long as short |
| OKX BNB-USDT-SWAP | +0.0100% | 8h | 806.00 | −0.071% | $55.1M | $116.0M | 50x | as long as short |
| Arcus BNB-USD | +0.0100% | 1h | 806.60 | +0.003% | $53K | $170K | 10x | as long as short |
| Gate BNB_USDT | +0.0100% | 8h | 805.95 | −0.077% | $36.1M | $57.6M | 75x | as long as short |
| KuCoin BNBUSDTM | +0.0100% | 8h | 805.84 | −0.091% | $28.2M | $10.5M | 75x | as long as short |
| Bitget BNBUSDT | +0.0100% | 8h | 805.63 | −0.117% | $78.7M | $25.0M | 75x | as long as short |
| edgeX BNBUSDC | +0.0100% | 4h | 807.06 | +0.061% | $4.2M | $76.6M | 30x | as long as short |
| ApeX Omni BNBUSDT | +0.0100% | 1h | 806.65 | +0.010% | $162K | $440K | 50x | as long as short |
| Polymarket Perps BNB-USD | +0.0100% | 1h | 805.73 | −0.104% | $116K | $869K | 10x | as long as short |
| Orderly PERP_BNB_USDC | +0.0100% | 8h | 805.93 | −0.080% | $389K | $592K | 50x | as long as short |
| Derive BNB-PERP | +0.0100% | 1h | 806.13 | −0.055% | $32K | $5K | 10x | as long as short |
| SunX BNB-USDT | +0.0100% | 8h | 806.51 | −0.007% | $13K | $1.7M | 50x | as long as short |
| HTX BNB-USDT | +0.0100% | 8h | 806.07 | −0.063% | $8.2M | $7.7M | 75x | as long as short |
| Paradex BNB-USD-PERP | +0.0100% | 8h | 806.77 | +0.025% | $79K | $19K | 50x | as long as short |
| Extended BNB-USD | +0.0104% | 1h | 805.56 | −0.125% | $1.9M | $6.0M | 50x | as long as short |
| Hibachi BNB/USDT-P | +0.0104% | 1h | 806.80 | +0.028% | $71K | $48K | 12x | as long as short |
| Aevo BNB-PERP | +0.0104% | 1h | 806.07 | −0.062% | $387K | $40K | 10x | as long as short |
| Aster BNBUSDT | +0.0107% | 8h | 806.62 | +0.006% | $6.4M | $18.8M | 200x | as long as short |
| MEXC BNB_USDT | +0.0122% | 8h | 807.10 | +0.065% | $84.8M | $13.4M | 200x | as long as short |
| Binance BNBUSDT | +0.0123% | 8h | 806.60 | +0.003% | $520.7M | $804.1M | 75x | as long as short |
| Phemex BNBUSDT | +0.0135% | 8h | 806.53 | −0.005% | $70.4M | $51.8M | 50x | as long as short |
| Phoenix BNB | +0.0155% | 1h | 807.20 | +0.078% | $173K | $35K | 10x | as long as short |
| SoDEX BNB-USD | +0.0180% | 1h | 806.10 | −0.059% | $397K | $1.0M | 10x | as long as short |
| dYdX BNB-USDlong | +0.0201% | 1h | 806.57 | long leg | $163K | $63K | 10x | |
| Kraken Futures PF_BNBUSD | +0.0205% | 1h | 805.91 | −0.082% | $2.5M | $930K | 50x | as long as short |
| Hyperliquid BNB | +0.0235% | 1h | 806.96 | +0.048% | $52.2M | $21.9M | 10x | as long as short |
| BloFin BNB-USDT | +0.0243% | 8h | 806.57 | 0.000% | $18.8M | $2.6M | 75x | as long as short |
| Bulk BNB-USD | +0.0295% | 1h | 807.66 | +0.135% | $652K | $14K | 10x | as long as short |
| Deribit BNB_USDC-PERPETUALshort | +0.0300% | 1h | 806.39 | −0.023% | $1.6M | $165K | 25x | |
| Injective BNB/USDC PERP | +0.0311% | 1h | 805.09 | −0.184% | $19K | $789K | 30x | as long as short |
| RISEx BNB/USDC | +0.0318% | 1h | 806.35 | −0.027% | $1.1M | $1.4M | 20x | as long as short |
| Reya BNBRUSDPERP | +0.0333% | 1h | 805.52 | −0.130% | $6K | $3K | 40x | as long as short |
| 01 Exchange BNBUSD | +0.0352% | 1h | 806.85 | +0.034% | $29K | $1K | 10x | as long as short |
| Backpack BNB_USDC_PERP | +0.0691% | 1h | 807.09 | +0.064% | $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
Derive BNB-PERP
SunX BNB-USDT
HTX BNB-USDT
Paradex BNB-USD-PERP
Extended BNB-USD
Hibachi BNB/USDT-P
Aevo BNB-PERP
Aster BNBUSDT
MEXC BNB_USDT
Binance BNBUSDT
Phemex BNBUSDT
Phoenix BNB
SoDEX BNB-USD
Kraken Futures PF_BNBUSD
Hyperliquid BNB
BloFin BNB-USDT
Bulk BNB-USD
Injective BNB/USDC PERP
RISEx BNB/USDC
Reya BNBRUSDPERP
01 Exchange BNBUSD
Backpack BNB_USDC_PERP