Funding you earn now, next payment 23:00 UTC+0.0092%/8h= +10.1% APRnext payment +$0.12 per $10,000 · paid last 24h +0.022%
Price spread now: Derive against gTrade (Gains Network)+0.023%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
=Together, before fees—needs both histories
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Derive is 0.023% dearer against gTrade (Gains Network) than usual: you sell high and buy low: +$2 more if the spread 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 | gTrade (Gains Network) BNB/USD | 806.75 | L +0.0008% / S −0.0007% | pay 0.0001% / 1h | 37m 58s | $9.8M | — | 150x |
| Short | Derive BNB-PERP | 806.94 | 0.0100 | get 0.0013% / 1h | 37m 58s | $32K | $5K | 10x |
gTrade (Gains Network) BNB/USD
Derive BNB-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Derive against gTrade (Gains Network). 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
- $19.36
- Price spread: +0.023% → 0.000%
- $2.31
- Slippage, 4 orders
- no order book: not counted
- Fee gTrade (Gains Network): 5 bp × 2 orders
- −$10
- Fee Derive: 3 bp × 2 orders
- −$6
- Net
- $5.66
- Costs to cover
- 0.160%
- Break-even
- 5.0 days
Slippage unknown: gTrade (Gains Network): virtual book (oracle venue), 1 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 gTrade (Gains Network) virtual book (oracle venue), 1 min ago | 130.01 bp | 135.0 bp −$135 | 135.0 bp −$1,350 | 416.8 bp −$41.7K | 2253.7 bp −$1.13M |
| 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 −0.0201% / S +0.0372% | 1h | 806.68 | −0.009% | $48K | — | 200x | as long as short |
| Hotstuff BNB-PERP | −0.0080% | 1h | 806.83 | +0.009% | $4K | $1K | 25x | as long as short |
| GRVT BNB_USDT_Perp | 0.0000% | 8h | 807.25 | +0.061% | $3.0M | $29.1M | 10x | as long as short |
| Kalshi KXBNBPERP | 0.0000% | 8h | 807.00 | +0.030% | $106K | $2.5M | 4.8x | as long as short |
| StandX BNB-USD | 0.0000% | 1h | 806.95 | +0.024% | $872K | $2.8M | 30x | as long as short |
| gTrade (Gains Network) BNB/USDlong | L +0.0008% / S −0.0007% | 1h | 806.75 | long leg | $9.8M | — | 150x | |
| Variational Omni BNB | +0.0044% | 8h | 806.56 | −0.024% | $4.1M | $5.3M | — | as long as short |
| BingX BNB-USDC | +0.0059% | 8h | 806.34 | −0.051% | — | $13.3M | — | as long as short |
| Bybit BNBUSDT | +0.0083% | 8h | 805.90 | −0.106% | $139.6M | $81.1M | 75x | as long as short |
| Lighter BNB | +0.0096% | 1h | 806.68 | −0.009% | $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
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 | |
|---|---|---|---|---|---|---|---|---|
| Hibachi BNB/USDT-P | +0.0096% | 1h | 807.09 | +0.042% | $72K | $48K | 12x | as long as short |
| Coinbase International BNB-PERP-INTX | +0.0096% | 1h | 805.54 | −0.150% | $608K | $881K | 50x | as long as short |
| Nado BNB-PERP | +0.0100% | 1h | 806.25 | −0.062% | $1.5M | $2.7M | 20x | as long as short |
| Pacifica BNB | +0.0100% | 1h | 806.62 | −0.017% | $1.2M | $923K | 20x | as long as short |
| OKX BNB-USDT-SWAP | +0.0100% | 8h | 806.10 | −0.081% | $55.1M | $116.0M | 50x | as long as short |
| Arcus BNB-USD | +0.0100% | 1h | 806.90 | +0.018% | $53K | $170K | 10x | as long as short |
| Gate BNB_USDT | +0.0100% | 8h | 806.20 | −0.069% | $36.1M | $57.6M | 75x | as long as short |
| KuCoin BNBUSDTM | +0.0100% | 8h | 806.19 | −0.070% | $28.2M | $10.5M | 75x | as long as short |
| Bitget BNBUSDT | +0.0100% | 8h | 805.86 | −0.111% | $78.8M | $25.0M | 75x | as long as short |
| edgeX BNBUSDC | +0.0100% | 4h | 807.43 | +0.084% | $4.2M | $76.5M | 30x | as long as short |
| ApeX Omni BNBUSDT | +0.0100% | 1h | 807.11 | +0.044% | $162K | $441K | 50x | as long as short |
| Polymarket Perps BNB-USD | +0.0100% | 1h | 806.62 | −0.017% | $116K | $870K | 10x | as long as short |
| Orderly PERP_BNB_USDC | +0.0100% | 8h | 806.68 | −0.009% | $390K | $592K | 50x | as long as short |
| Derive BNB-PERPshort | +0.0100% | 1h | 806.94 | +0.023% | $32K | $5K | 10x | |
| SunX BNB-USDT | +0.0100% | 8h | 807.39 | +0.079% | $13K | $1.7M | 50x | as long as short |
| HTX BNB-USDT | +0.0100% | 8h | 806.40 | −0.044% | $8.2M | $7.7M | 75x | as long as short |
| Paradex BNB-USD-PERP | +0.0100% | 8h | 807.10 | +0.043% | $79K | $19K | 50x | as long as short |
| Extended BNB-USD | +0.0104% | 1h | 806.18 | −0.071% | $1.9M | $5.9M | 50x | as long as short |
| Aevo BNB-PERP | +0.0104% | 1h | 806.52 | −0.029% | $387K | $40K | 10x | as long as short |
| Aster BNBUSDT | +0.0107% | 8h | 806.81 | +0.007% | $6.4M | $18.8M | 200x | as long as short |
| MEXC BNB_USDT | +0.0121% | 8h | 807.40 | +0.080% | $84.8M | $13.4M | 200x | as long as short |
| Binance BNBUSDT | +0.0122% | 8h | 806.92 | +0.020% | $520.9M | $804.0M | 75x | as long as short |
| Phemex BNBUSDT | +0.0135% | 8h | 807.03 | +0.034% | $70.4M | $51.7M | 50x | as long as short |
| Phoenix BNB | +0.0155% | 1h | 807.20 | +0.055% | $173K | $35K | 10x | as long as short |
| SoDEX BNB-USD | +0.0184% | 1h | 806.60 | −0.019% | $397K | $1.0M | 10x | as long as short |
| dYdX BNB-USD | +0.0193% | 1h | 806.57 | −0.023% | $163K | $63K | 10x | as long as short |
| Kraken Futures PF_BNBUSD | +0.0205% | 1h | 806.38 | −0.046% | $2.5M | $929K | 50x | as long as short |
| Hyperliquid BNB | +0.0226% | 1h | 807.18 | +0.053% | $52.0M | $21.8M | 10x | as long as short |
| BloFin BNB-USDT | +0.0242% | 8h | 806.92 | +0.021% | $18.8M | $2.6M | 75x | as long as short |
| Bulk BNB-USD | +0.0295% | 1h | 807.66 | +0.112% | $652K | $14K | 10x | as long as short |
| Deribit BNB_USDC-PERPETUAL | +0.0300% | 1h | 806.89 | +0.017% | $1.6M | $165K | 25x | as long as short |
| Injective BNB/USDC PERP | +0.0311% | 1h | 805.09 | −0.206% | $19K | $789K | 30x | as long as short |
| RISEx BNB/USDC | +0.0318% | 1h | 806.79 | +0.005% | $1.1M | $1.4M | 20x | as long as short |
| Reya BNBRUSDPERP | +0.0333% | 1h | 806.33 | −0.052% | $6K | $3K | 40x | as long as short |
| 01 Exchange BNBUSD | +0.0360% | 1h | 807.29 | +0.066% | $29K | $1K | 10x | as long as short |
| Backpack BNB_USDC_PERP | +0.0695% | 1h | 807.41 | +0.081% | $3.0M | $5.5M | 40x | as long as short |
Hibachi BNB/USDT-P
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
SunX BNB-USDT
HTX BNB-USDT
Paradex BNB-USD-PERP
Extended BNB-USD
Aevo BNB-PERP
Aster BNBUSDT
MEXC BNB_USDT
Binance BNBUSDT
Phemex BNBUSDT
Phoenix BNB
SoDEX BNB-USD
dYdX BNB-USD
Kraken Futures PF_BNBUSD
Hyperliquid BNB
BloFin BNB-USDT
Bulk BNB-USD
Deribit BNB_USDC-PERPETUAL
Injective BNB/USDC PERP
RISEx BNB/USDC
Reya BNBRUSDPERP
01 Exchange BNBUSD
Backpack BNB_USDC_PERP