Funding you earn now, next payment 03:00 UTC−0.0004%/8h= −0.4% APRnext payment −$0.00 per $10,000 · paid last 24h +0.046%
Price spread now: Backpack against Extended+0.055%7-day average +0.176% · you sell dearer than you buy
Net, funding: paid 7d − costs−$5as in the Funding arb table
Net, price: spread back to 7d avg − costs−$30as in the Price arb table
costs, in and out, $10k−$180.181% of the position
Funding, last 7 days+0.133%+$13 on $10k
+Price spread, last 7 days−0.168%−$17 · spread now +0.055%, 7d avg +0.176%
=Together, before fees−0.035%+ Points / potential airdropExtended: Active · farm board−$3 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Backpack is 0.122% cheaper against Extended than usual: you would sell low and buy high, −$12 on $10k if it goes back to its 7-day average of +0.176%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended BNB-USD | 791.05 | 0.0104 | pay 0.0013% / 1h | 19m 27s | $1.8M | $5.9M | 50x |
| Short | Backpack BNB_USDC_PERP | 791.48 | 0.0100 | get 0.0013% / 1h | 19m 27s | $2.2M | $6.1M | 40x |
Extended BNB-USD
Backpack BNB_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against Extended. 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
- −$0.84
- Price spread: +0.055% → +0.176%
- −$12.15
- Slippage, 4 orders
- −$3.11
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$31.11
- Costs to cover
- 0.181%
- Break-even
- never at this rate
Slippage from Extended: live order book, 4 min ago; Backpack: live order book, 5 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 Extended live order book, 4 min ago | 0.06 bp | 3.6 bp −$4 | 5.0 bp −$50 | doesn't fit | doesn't fit |
| Sell Backpack live order book, 5 min ago | 0.06 bp | 5.5 bp −$6 | 8.7 bp −$87 | 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 −0.0167% / S +0.0335% | 1h | 791.48 | +0.055% | $46K | — | 200x | as long as short |
| Hotstuff BNB-PERP | −0.0080% | 1h | 791.73 | +0.086% | $4K | $239 | 25x | as long as short |
| StandX BNB-USD | 0.0000% | 1h | 792.75 | +0.215% | $857K | $3.1M | 30x | as long as short |
| gTrade (Gains Network) BNB/USD | L +0.0008% / S −0.0007% | 1h | 791.51 | +0.059% | $9.7M | — | 150x | as long as short |
| Injective BNB/USDC PERP | +0.0033% | 1h | 805.09 | +1.775% | $19K | $789K | 30x | as long as short |
| Coinbase International BNB-PERP-INTX | +0.0048% | 1h | 792.03 | +0.124% | $615K | $1.8M | 50x | as long as short |
| Aster BNBUSDT | +0.0052% | 8h | 791.79 | +0.094% | $6.3M | $18.7M | 200x | as long as short |
| Phemex BNBUSDT | +0.0056% | 8h | 791.75 | +0.089% | $69.3M | $50.6M | 50x | as long as short |
| BingX BNB-USDT | +0.0061% | 8h | 791.70 | +0.082% | — | $34.3M | — | as long as short |
| MEXC BNB_USDT | +0.0076% | 8h | 792.50 | +0.184% | $80.5M | $12.5M | 200x | as long as short |
GMX BNB/USD [WBTC.b-USDC]
Hotstuff BNB-PERP
StandX BNB-USD
gTrade (Gains Network) BNB/USD
Injective BNB/USDC PERP
Coinbase International BNB-PERP-INTX
Aster BNBUSDT
Phemex BNBUSDT
BingX BNB-USDT
MEXC BNB_USDTShow all 46 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance BNBUSDT | +0.0076% | 8h | 792.16 | +0.141% | $494.9M | $795.8M | 75x | as long as short |
| Kraken Futures PF_BNBUSD | +0.0091% | 1h | 790.96 | −0.011% | $2.5M | $1.2M | 50x | as long as short |
| Lighter BNB | +0.0096% | 1h | 791.62 | +0.072% | $2.8M | $3.9M | 20x | as long as short |
| Orderly PERP_BNB_USDC | +0.0100% | 8h | 791.59 | +0.068% | $266K | $498K | 50x | as long as short |
| Nado BNB-PERP | +0.0100% | 1h | 791.25 | +0.026% | $1.5M | $2.6M | 20x | as long as short |
| Hyperliquid BNB | +0.0100% | 1h | 791.98 | +0.118% | $51.9M | $17.6M | 10x | as long as short |
| Pacifica BNB | +0.0100% | 1h | 791.60 | +0.070% | $1.2M | $908K | 20x | as long as short |
| Bybit BNBUSDT | +0.0100% | 8h | 791.46 | +0.052% | $139.3M | $77.2M | 75x | as long as short |
| OKX BNB-USDT-SWAP | +0.0100% | 8h | 791.40 | +0.044% | $53.7M | $111.8M | 50x | as long as short |
| Arcus BNB-USD | +0.0100% | 1h | 791.60 | +0.070% | $52K | $130K | 10x | as long as short |
| Gate BNB_USDT | +0.0100% | 8h | 791.55 | +0.063% | $35.4M | $57.2M | 75x | as long as short |
| KuCoin BNBUSDTM | +0.0100% | 8h | 791.29 | +0.031% | $27.8M | $10.3M | 75x | as long as short |
| Bitget BNBUSDT | +0.0100% | 8h | 791.12 | +0.009% | $77.0M | $29.9M | 75x | as long as short |
| Backpack BNB_USDC_PERPshort | +0.0100% | 1h | 791.48 | +0.055% | $2.2M | $6.1M | 40x | |
| Variational Omni BNB | +0.0100% | 8h | 791.30 | +0.032% | $4.1M | $4.6M | — | as long as short |
| edgeX BNBUSDC | +0.0100% | 4h | 792.18 | +0.143% | $4.1M | $75.5M | 30x | as long as short |
| ApeX Omni BNBUSDT | +0.0100% | 1h | 792.28 | +0.156% | $159K | $440K | 50x | as long as short |
| Polymarket Perps BNB-USD | +0.0100% | 1h | 791.36 | +0.039% | $134K | $949K | 10x | as long as short |
| Derive BNB-PERP | +0.0100% | 1h | 791.53 | +0.060% | $31K | $12K | 10x | as long as short |
| SunX BNB-USDT | +0.0100% | 8h | 792.16 | +0.140% | $12K | $1.6M | 50x | as long as short |
| HTX BNB-USDT | +0.0100% | 8h | 791.35 | +0.038% | $8.1M | $9.2M | 75x | as long as short |
| SoDEX BNB-USD | +0.0101% | 1h | 791.40 | +0.044% | $389K | $1.0M | 10x | as long as short |
| Paradex BNB-USD-PERP | +0.0102% | 8h | 792.05 | +0.127% | $77K | $17K | 50x | as long as short |
| Extended BNB-USDlong | +0.0104% | 1h | 791.05 | long leg | $1.8M | $5.9M | 50x | |
| Aevo BNB-PERP | +0.0104% | 1h | 791.22 | +0.022% | $380K | $110K | 10x | as long as short |
| Phoenix BNB | +0.0107% | 1h | 792.03 | +0.124% | $170K | $35K | 10x | as long as short |
| GRVT BNB_USDT_Perp | +0.0144% | 8h | 791.54 | +0.062% | $3.0M | $28.0M | 10x | as long as short |
| Kalshi KXBNBPERP | +0.0189% | 8h | 792.00 | +0.120% | $83K | $2.8M | 4.8x | as long as short |
| BloFin BNB-USDT | +0.0197% | 8h | 792.08 | +0.130% | $18.2M | $2.2M | 75x | as long as short |
| dYdX BNB-USD | +0.0220% | 1h | 791.12 | +0.009% | $160K | $63K | 10x | as long as short |
| 01 Exchange BNBUSD | +0.0296% | 1h | 791.94 | +0.113% | $28K | $4K | 10x | as long as short |
| Deribit BNB_USDC-PERPETUAL | +0.0300% | 1h | 791.69 | +0.081% | $1.5M | $143K | 25x | as long as short |
| Reya BNBRUSDPERP | +0.0327% | 1h | 791.18 | +0.016% | $6K | $3K | 40x | as long as short |
| RISEx BNB/USDC | +0.0361% | 1h | 791.70 | +0.082% | $1.1M | $1.0M | 20x | as long as short |
| Bulk BNB-USD | +0.0403% | 1h | 790.49 | −0.070% | $640K | $6K | 10x | as long as short |
| Hibachi BNB/USDT-P | +0.0600% | 1h | 791.67 | +0.079% | $68K | $38K | 12x | as long as short |
Binance BNBUSDT
Kraken Futures PF_BNBUSD
Lighter BNB
Orderly PERP_BNB_USDC
Nado BNB-PERP
Hyperliquid BNB
Pacifica BNB
Bybit BNBUSDT
OKX BNB-USDT-SWAP
Arcus BNB-USD
Gate BNB_USDT
KuCoin BNBUSDTM
Bitget BNBUSDT
Variational Omni BNB
edgeX BNBUSDC
ApeX Omni BNBUSDT
Polymarket Perps BNB-USD
Derive BNB-PERP
SunX BNB-USDT
HTX BNB-USDT
SoDEX BNB-USD
Paradex BNB-USD-PERP
Aevo BNB-PERP
Phoenix BNB
GRVT BNB_USDT_Perp
Kalshi KXBNBPERP
BloFin BNB-USDT
dYdX BNB-USD
01 Exchange BNBUSD
Deribit BNB_USDC-PERPETUAL
Reya BNBRUSDPERP
RISEx BNB/USDC
Bulk BNB-USD
Hibachi BNB/USDT-P