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Funding arb · Price arb /

BNB

all BNB markets
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Alert: funding
Measured
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Alert: spread
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding you earn now, next payment 23:00 UTC−0.0053%/8h= −5.8% APRnext payment −$0.07 per $10,000 · paid last 24h −0.107%
Price spread now: Derive against dYdX+0.036%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on dYdXShort on Derive
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
The price spread pays, funding is against you. Derive is 0.036% dearer against dYdX than usual: you sell high and buy low (spread +0.036% now, against zero (this spread has no 7-day history yet)): +$4 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 2.2 days.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongdYdX BNB-USD805.740.0153pay 0.0019% / 1h53m 28s$162K$63K10x
ShortDerive BNB-PERP806.030.0100get 0.0013% / 1h53m 28s$32K$5K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Derive against dYdX. 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

Funding earned
−$11.16
Price spread: +0.036% → 0.000%
$3.56
Slippage, 4 orders
no order book: not counted
Fee dYdX: 5 bp × 2 orders
−$10
Fee Derive: 3 bp × 2 orders
−$6
Net
−$23.6
Costs to cover
0.160%
Break-even
never at this rate
Slippage unknown: dYdX: live order book, 31 min ago; Derive: 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
LegHalf-spread$10k$100k$1M$5M
Buy dYdX live order book, 31 min ago12.51 bp26.8 bp −$27155.3 bp −$1,553272.1 bp −$27.2K509.6 bp −$254.8K
Sell Derive no order-book sample—————
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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GMX BNB/USD [WBTC.b-USDC]L −0.0195% / S +0.0371%1h805.73−0.001%$49K—200xas long as short
Hotstuff BNB-PERP−0.0080%1h806.41+0.083%$4K$1K25xas long as short
GRVT BNB_USDT_Perp0.0000%8h806.78+0.129%$3.0M$29.4M10xas long as short
Kalshi KXBNBPERP0.0000%8h806.50+0.094%$108K$2.5M4.8xas long as short
StandX BNB-USD0.0000%1h806.22+0.060%$871K$2.8M30xas long as short
gTrade (Gains Network) BNB/USDL +0.0008% / S −0.0007%1h805.76+0.003%$9.8M—150xas long as short
Hibachi BNB/USDT-P+0.0024%1h806.08+0.042%$71K$48K12xas long as short
Variational Omni BNB+0.0044%8h805.28−0.057%$4.1M$5.3M—as long as short
BingX BNB-USDC+0.0056%8h805.59−0.019%—$13.3M—as long as short
Bybit BNBUSDT+0.0081%8h804.70−0.129%$139.3M$82.0M75xas long as short
Show all 46 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter BNB+0.0096%1h805.59−0.019%$2.8M$4.2M20xas long as short
Coinbase International BNB-PERP-INTX+0.0096%1h805.76+0.003%$608K$882K50xas long as short
Nado BNB-PERP+0.0100%1h805.15−0.073%$1.5M$2.8M20xas long as short
Pacifica BNB+0.0100%1h805.63−0.014%$1.2M$925K20xas long as short
OKX BNB-USDT-SWAP+0.0100%8h804.80−0.117%$55.1M$116.2M50xas long as short
Arcus BNB-USD+0.0100%1h805.50−0.030%$53K$170K10xas long as short
Gate BNB_USDT+0.0100%8h805.35−0.048%$36.2M$57.1M75xas long as short
KuCoin BNBUSDTM+0.0100%8h805.45−0.036%$28.2M$10.5M75xas long as short
Bitget BNBUSDT+0.0100%8h804.90−0.104%$79.0M$24.8M75xas long as short
edgeX BNBUSDC+0.0100%4h806.63+0.110%$4.2M$76.4M30xas long as short
ApeX Omni BNBUSDT+0.0100%1h806.32+0.072%$162K$438K50xas long as short
Polymarket Perps BNB-USD+0.0100%1h804.87−0.108%$116K$870K10xas long as short
Orderly PERP_BNB_USDC+0.0100%8h805.80+0.008%$389K$592K50xas long as short
Derive BNB-PERPshort+0.0100%1h806.03+0.036%$32K$5K10x
SunX BNB-USDT+0.0100%8h806.99+0.155%$13K$1.7M50xas long as short
Deribit BNB_USDC-PERPETUAL+0.0100%1h806.19+0.056%$1.6M$165K25xas long as short
HTX BNB-USDT+0.0100%8h805.88+0.018%$8.2M$7.6M75xas long as short
Paradex BNB-USD-PERP+0.0100%8h806.07+0.041%$79K$19K50xas long as short
Aster BNBUSDT+0.0103%8h805.82+0.010%$6.4M$18.8M200xas long as short
Extended BNB-USD+0.0104%1h804.72−0.126%$1.9M$5.9M50xas long as short
Aevo BNB-PERP+0.0104%1h805.93+0.024%$387K$40K10xas long as short
MEXC BNB_USDT+0.0117%8h806.40+0.082%$84.6M$13.3M200xas long as short
Binance BNBUSDT+0.0118%8h805.58−0.020%$520.2M$805.9M75xas long as short
Hyperliquid BNB+0.0129%1h805.53−0.026%$51.8M$22.0M10xas long as short
Phemex BNBUSDT+0.0139%8h806.28+0.067%$70.4M$51.9M50xas long as short
dYdX BNB-USDlong+0.0153%1h805.74long leg$162K$63K10x
Phoenix BNB+0.0155%1h805.95+0.026%$173K$35K10xas long as short
SoDEX BNB-USD+0.0194%1h805.80+0.008%$396K$1.0M10xas long as short
Kraken Futures PF_BNBUSD+0.0205%1h805.59−0.018%$2.5M$932K50xas long as short
BloFin BNB-USDT+0.0237%8h806.74+0.124%$18.8M$3.1M75xas long as short
Bulk BNB-USD+0.0273%1h805.26−0.059%$650K$14K10xas long as short
Injective BNB/USDC PERP+0.0311%1h805.09−0.081%$19K$789K30xas long as short
RISEx BNB/USDC+0.0318%1h805.18−0.069%$1.1M$1.4M20xas long as short
Reya BNBRUSDPERP+0.0333%1h804.39−0.168%$6K$3K40xas long as short
01 Exchange BNBUSD+0.0360%1h805.66−0.010%$28K$1K10xas long as short
Backpack BNB_USDC_PERP+0.0721%1h806.58+0.104%$3.0M$5.5M40xas long as short