Funding you earn now, next payment 01:00 UTC−0.0004%/8h= −0.4% APRnext payment −$0.00 per $10,000 · paid last 24h −0.006%
Price spread now: Derive against Extended+0.053%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Derive is 0.053% dearer against Extended than usual: you sell high and buy low, +$5 on $10k if it goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended BNB-USD | 797.77 | 0.0104 | pay 0.0013% / 1h | 18m 59s | $1.8M | $6.0M | 50x |
| Short | Derive BNB-PERP | 798.19 | 0.0100 | get 0.0013% / 1h | 18m 59s | $32K | $5K | 10x |
Extended BNB-USD
Derive BNB-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Derive 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: +0.053% → 0.000%
- $5.3
- Slippage, 4 orders
- no order book: not counted
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Derive: 3 bp × 2 orders
- −$6
- Net
- −$6.54
- Costs to cover
- 0.110%
- Break-even
- never at this rate
Slippage unknown: Extended: live order book, 5 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| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Extended live order book, 5 min ago | 0.06 bp | 3.9 bp −$4 | 5.8 bp −$58 | doesn't fit | doesn't fit |
| 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.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GMX BNB/USD [WBTC.b-USDC] | L −0.0159% / S +0.0335% | 1h | 798.43 | +0.083% | $47K | — | 200x | as long as short |
| Kraken Futures PF_BNBUSD | −0.0121% | 1h | 797.53 | −0.030% | $2.5M | $1.0M | 50x | as long as short |
| Hotstuff BNB-PERP | −0.0080% | 1h | 798.74 | +0.122% | $4K | $239 | 25x | as long as short |
| Gate BNB_USDT | −0.0010% | 8h | 797.05 | −0.090% | $35.8M | $56.8M | 75x | as long as short |
| BingX BNB-USDT | −0.0007% | 8h | 797.43 | −0.042% | — | $35.0M | — | as long as short |
| GRVT BNB_USDT_Perp | 0.0000% | 8h | 798.85 | +0.136% | $3.0M | $27.9M | 10x | as long as short |
| StandX BNB-USD | 0.0000% | 1h | 798.95 | +0.148% | $863K | $2.9M | 30x | as long as short |
| Variational Omni BNB | +0.0004% | 8h | 797.72 | −0.006% | $4.1M | $5.0M | — | as long as short |
| gTrade (Gains Network) BNB/USD | L +0.0008% / S −0.0007% | 1h | 798.37 | +0.075% | $9.7M | — | 150x | as long as short |
| Bybit BNBUSDT | +0.0009% | 8h | 796.92 | −0.106% | $138.4M | $76.3M | 75x | as long as short |
GMX BNB/USD [WBTC.b-USDC]
Kraken Futures PF_BNBUSD
Hotstuff BNB-PERP
Gate BNB_USDT
BingX BNB-USDT
GRVT BNB_USDT_Perp
StandX BNB-USD
Variational Omni BNB
gTrade (Gains Network) BNB/USD
Bybit BNBUSDTShow all 46 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phemex BNBUSDT | +0.0016% | 8h | 798.03 | +0.033% | $69.7M | $50.2M | 50x | as long as short |
| Injective BNB/USDC PERP | +0.0033% | 1h | 805.09 | +0.918% | $19K | $789K | 30x | as long as short |
| Coinbase International BNB-PERP-INTX | +0.0048% | 1h | 799.07 | +0.163% | $615K | $1.1M | 50x | as long as short |
| Aster BNBUSDT | +0.0054% | 8h | 798.29 | +0.065% | $6.2M | $19.4M | 200x | as long as short |
| MEXC BNB_USDT | +0.0076% | 8h | 798.20 | +0.054% | $83.0M | $13.7M | 200x | as long as short |
| Binance BNBUSDT | +0.0076% | 8h | 797.72 | −0.006% | $495.3M | $811.5M | 75x | as long as short |
| Lighter BNB | +0.0096% | 1h | 797.62 | −0.019% | $2.8M | $4.0M | 20x | as long as short |
| Phoenix BNB | +0.0099% | 1h | 799.13 | +0.171% | $172K | $36K | 10x | as long as short |
| Nado BNB-PERP | +0.0100% | 1h | 798.10 | +0.042% | $1.4M | $2.7M | 20x | as long as short |
| Pacifica BNB | +0.0100% | 1h | 798.53 | +0.096% | $1.2M | $937K | 20x | as long as short |
| OKX BNB-USDT-SWAP | +0.0100% | 8h | 797.00 | −0.096% | $54.1M | $110.8M | 50x | as long as short |
| Arcus BNB-USD | +0.0100% | 1h | 798.60 | +0.104% | $53K | $133K | 10x | as long as short |
| KuCoin BNBUSDTM | +0.0100% | 8h | 797.14 | −0.079% | $27.9M | $10.0M | 75x | as long as short |
| Bitget BNBUSDT | +0.0100% | 8h | 796.83 | −0.118% | $78.0M | $28.1M | 75x | as long as short |
| edgeX BNBUSDC | +0.0100% | 4h | 798.91 | +0.143% | $4.2M | $76.7M | 30x | as long as short |
| ApeX Omni BNBUSDT | +0.0100% | 1h | 798.95 | +0.148% | $161K | $435K | 50x | as long as short |
| Polymarket Perps BNB-USD | +0.0100% | 1h | 798.38 | +0.077% | $113K | $884K | 10x | as long as short |
| Orderly PERP_BNB_USDC | +0.0100% | 8h | 798.08 | +0.039% | $386K | $459K | 50x | as long as short |
| Derive BNB-PERPshort | +0.0100% | 1h | 798.19 | +0.053% | $32K | $5K | 10x | |
| SunX BNB-USDT | +0.0100% | 8h | 798.83 | +0.133% | $13K | $1.7M | 50x | as long as short |
| SoDEX BNB-USD | +0.0100% | 1h | 797.70 | −0.009% | $392K | $997K | 10x | as long as short |
| HTX BNB-USDT | +0.0100% | 8h | 797.02 | −0.094% | $8.2M | $8.3M | 75x | as long as short |
| Paradex BNB-USD-PERP | +0.0100% | 8h | 798.96 | +0.149% | $78K | $18K | 50x | as long as short |
| Extended BNB-USDlong | +0.0104% | 1h | 797.77 | long leg | $1.8M | $6.0M | 50x | |
| Aevo BNB-PERP | +0.0104% | 1h | 798.12 | +0.044% | $383K | $110K | 10x | as long as short |
| Bulk BNB-USD | +0.0127% | 1h | 799.28 | +0.189% | $649K | $10K | 10x | as long as short |
| RISEx BNB/USDC | +0.0155% | 1h | 798.40 | +0.080% | $1.1M | $1.4M | 20x | as long as short |
| Kalshi KXBNBPERP | +0.0156% | 8h | 798.70 | +0.117% | $90K | $2.8M | 4.8x | as long as short |
| BloFin BNB-USDT | +0.0196% | 8h | 798.72 | +0.119% | $18.1M | $2.6M | 75x | as long as short |
| 01 Exchange BNBUSD | +0.0200% | 1h | 798.86 | +0.137% | $28K | $1K | 10x | as long as short |
| Deribit BNB_USDC-PERPETUAL | +0.0200% | 1h | 798.23 | +0.058% | $1.6M | $161K | 25x | as long as short |
| dYdX BNB-USD | +0.0200% | 1h | 798.40 | +0.079% | $161K | $63K | 10x | as long as short |
| Hibachi BNB/USDT-P | +0.0272% | 1h | 798.92 | +0.144% | $68K | $38K | 12x | as long as short |
| Hyperliquid BNB | +0.0296% | 1h | 798.09 | +0.040% | $53.0M | $20.3M | 10x | as long as short |
| Reya BNBRUSDPERP | +0.0330% | 1h | 798.16 | +0.049% | $6K | $3K | 40x | as long as short |
| Backpack BNB_USDC_PERP | +0.0420% | 1h | 798.50 | +0.092% | $2.7M | $5.7M | 40x | as long as short |
Phemex BNBUSDT
Injective BNB/USDC PERP
Coinbase International BNB-PERP-INTX
Aster BNBUSDT
MEXC BNB_USDT
Binance BNBUSDT
Lighter BNB
Phoenix BNB
Nado BNB-PERP
Pacifica BNB
OKX BNB-USDT-SWAP
Arcus BNB-USD
KuCoin BNBUSDTM
Bitget BNBUSDT
edgeX BNBUSDC
ApeX Omni BNBUSDT
Polymarket Perps BNB-USD
Orderly PERP_BNB_USDC
SunX BNB-USDT
SoDEX BNB-USD
HTX BNB-USDT
Paradex BNB-USD-PERP
Aevo BNB-PERP
Bulk BNB-USD
RISEx BNB/USDC
Kalshi KXBNBPERP
BloFin BNB-USDT
01 Exchange BNBUSD
Deribit BNB_USDC-PERPETUAL
dYdX BNB-USD
Hibachi BNB/USDT-P
Hyperliquid BNB
Reya BNBRUSDPERP
Backpack BNB_USDC_PERP