Funding you earn now, next payment 22:00 UTC−0.0004%/8h= −0.4% APRnext payment −$0.00 per $10,000 · paid last 24h +0.015%
Price spread now: Deribit against Extended+0.077%7-day average +0.099% · you sell dearer than you buy
Net, funding: paid 7d − costs−$9as in the Funding arb table
Net, price: spread back to 7d avg − costs−$24as in the Price arb table
costs, in and out, $10k−$220.216% of the position
Funding, last 7 days+0.127%+$13 on $10k
+Price spread, last 3 days (all we have)−0.104%−$10 · spread now +0.077%, 7d avg +0.099%
=Together, before fees+0.022%+ Points / potential airdropExtended: Active · farm board+$2 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: Deribit is 0.022% cheaper against Extended than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of +0.099%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended BNB-USD | 802.72 | 0.0104 | pay 0.0013% / 1h | 43m 58s | $1.9M | $6.1M | 50x |
| Short | Deribit BNB_USDC-PERPETUAL | 803.34 | 0.0100 | get 0.0013% / 1h | 43m 58s | $1.6M | $165K | 25x |
Extended BNB-USD
Deribit BNB_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit 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: +0.077% → +0.099%
- −$2.17
- Slippage, 4 orders
- −$9.64
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$24.65
- Costs to cover
- 0.216%
- Break-even
- never at this rate
Slippage from Extended: live order book, 5 min ago; Deribit: 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, 5 min ago | 0.06 bp | 3.4 bp −$3 | 4.5 bp −$45 | 18.9 bp −$1,894 | doesn't fit |
| Sell Deribit live order book, 5 min ago | 0.69 bp | 7.4 bp −$7 | 14.4 bp −$144 | 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 −0.0195% / S +0.0371% | 1h | 802.78 | +0.007% | $48K | — | 200x | as long as short |
| Hotstuff BNB-PERP | −0.0080% | 1h | 803.00 | +0.034% | $4K | $1K | 25x | as long as short |
| GRVT BNB_USDT_Perp | 0.0000% | 8h | 803.06 | +0.042% | $3.0M | $30.0M | 10x | as long as short |
| Kalshi KXBNBPERP | 0.0000% | 8h | 803.20 | +0.059% | $122K | $2.5M | 4.8x | as long as short |
| StandX BNB-USD | 0.0000% | 1h | 803.70 | +0.122% | $869K | $3.0M | 30x | as long as short |
| gTrade (Gains Network) BNB/USD | L +0.0008% / S −0.0007% | 1h | 802.91 | +0.023% | $9.8M | — | 150x | as long as short |
| Kraken Futures PF_BNBUSD | +0.0038% | 1h | 802.76 | +0.005% | $2.5M | $910K | 50x | as long as short |
| Variational Omni BNB | +0.0059% | 8h | 802.25 | −0.059% | $4.1M | $5.3M | — | as long as short |
| BingX BNB-USDT | +0.0068% | 8h | 803.00 | +0.034% | — | $34.6M | — | as long as short |
| Aster BNBUSDT | +0.0086% | 8h | 803.60 | +0.109% | $6.4M | $18.8M | 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 | +0.158% | $608K | $888K | 50x | as long as short |
| Bybit BNBUSDT | +0.0089% | 8h | 802.50 | −0.028% | $138.8M | $82.6M | 75x | as long as short |
| Lighter BNB | +0.0096% | 1h | 803.00 | +0.034% | $2.8M | $4.2M | 20x | as long as short |
| Nado BNB-PERP | +0.0100% | 1h | 802.49 | −0.029% | $1.4M | $2.8M | 20x | as long as short |
| Pacifica BNB | +0.0100% | 1h | 802.91 | +0.023% | $1.2M | $923K | 20x | as long as short |
| OKX BNB-USDT-SWAP | +0.0100% | 8h | 802.90 | +0.022% | $54.9M | $115.1M | 50x | as long as short |
| Arcus BNB-USD | +0.0100% | 1h | 803.00 | +0.034% | $52K | $161K | 10x | as long as short |
| Gate BNB_USDT | +0.0100% | 8h | 802.70 | −0.003% | $36.0M | $58.3M | 75x | as long as short |
| KuCoin BNBUSDTM | +0.0100% | 8h | 802.89 | +0.021% | $28.1M | $10.5M | 75x | as long as short |
| Bitget BNBUSDT | +0.0100% | 8h | 802.64 | −0.010% | $79.0M | $24.5M | 75x | as long as short |
| edgeX BNBUSDC | +0.0100% | 4h | 803.30 | +0.072% | $4.2M | $76.9M | 30x | as long as short |
| ApeX Omni BNBUSDT | +0.0100% | 1h | 802.77 | +0.006% | $158K | $437K | 50x | as long as short |
| Polymarket Perps BNB-USD | +0.0100% | 1h | 802.84 | +0.014% | $118K | $868K | 10x | as long as short |
| Orderly PERP_BNB_USDC | +0.0100% | 8h | 802.91 | +0.023% | $388K | $593K | 50x | as long as short |
| Derive BNB-PERP | +0.0100% | 1h | 803.02 | +0.037% | $32K | $5K | 10x | as long as short |
| SunX BNB-USDT | +0.0100% | 8h | 803.58 | +0.106% | $13K | $1.7M | 50x | as long as short |
| Deribit BNB_USDC-PERPETUALshort | +0.0100% | 1h | 803.34 | +0.077% | $1.6M | $165K | 25x | |
| HTX BNB-USDT | +0.0100% | 8h | 803.00 | +0.034% | $8.2M | $7.4M | 75x | as long as short |
| Paradex BNB-USD-PERP | +0.0100% | 8h | 803.51 | +0.098% | $78K | $19K | 50x | as long as short |
| MEXC BNB_USDT | +0.0102% | 8h | 803.90 | +0.146% | $84.4M | $13.5M | 200x | as long as short |
| Binance BNBUSDT | +0.0103% | 8h | 803.64 | +0.114% | $518.4M | $803.6M | 75x | as long as short |
| SoDEX BNB-USD | +0.0104% | 1h | 802.90 | +0.022% | $395K | $1.0M | 10x | as long as short |
| Extended BNB-USDlong | +0.0104% | 1h | 802.72 | long leg | $1.9M | $6.1M | 50x | |
| Aevo BNB-PERP | +0.0104% | 1h | 802.98 | +0.031% | $386K | $40K | 10x | as long as short |
| Phemex BNBUSDT | +0.0119% | 8h | 803.41 | +0.085% | $70.1M | $51.6M | 50x | as long as short |
| Phoenix BNB | +0.0125% | 1h | 802.98 | +0.032% | $173K | $35K | 10x | as long as short |
| Hyperliquid BNB | +0.0156% | 1h | 803.38 | +0.082% | $51.6M | $21.3M | 10x | as long as short |
| Bulk BNB-USD | +0.0161% | 1h | 803.45 | +0.091% | $649K | $11K | 10x | as long as short |
| RISEx BNB/USDC | +0.0209% | 1h | 803.11 | +0.047% | $1.1M | $1.4M | 20x | as long as short |
| dYdX BNB-USD | +0.0221% | 1h | 803.00 | +0.034% | $170K | $55K | 10x | as long as short |
| BloFin BNB-USDT | +0.0222% | 8h | 803.39 | +0.083% | $18.8M | $3.0M | 75x | as long as short |
| Hibachi BNB/USDT-P | +0.0240% | 1h | 802.80 | +0.010% | $71K | $48K | 12x | as long as short |
| 01 Exchange BNBUSD | +0.0312% | 1h | 803.59 | +0.108% | $28K | $1K | 10x | as long as short |
| Reya BNBRUSDPERP | +0.0335% | 1h | 802.69 | −0.005% | $6K | $3K | 40x | as long as short |
| Injective BNB/USDC PERP | +0.0353% | 1h | 804.92 | +0.274% | $19K | $526K | 30x | as long as short |
| Backpack BNB_USDC_PERP | +0.0699% | 1h | 803.89 | +0.145% | $3.0M | $5.3M | 40x | as long as short |
Coinbase International BNB-PERP-INTX
Bybit BNBUSDT
Lighter BNB
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
MEXC BNB_USDT
Binance BNBUSDT
SoDEX BNB-USD
Aevo BNB-PERP
Phemex BNBUSDT
Phoenix BNB
Hyperliquid BNB
Bulk BNB-USD
RISEx BNB/USDC
dYdX BNB-USD
BloFin BNB-USDT
Hibachi BNB/USDT-P
01 Exchange BNBUSD
Reya BNBRUSDPERP
Injective BNB/USDC PERP
Backpack BNB_USDC_PERP