Funding you earn now, next payment 00:00 UTC−0.0148%/8h= −16.2% APRnext payment −$0.19 per $10,000 · paid last 24h −0.084%
Price spread now: Derive against Hibachi−0.041%7-day average — · you buy dearer than you sell
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
=Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Derive is 0.041% cheaper against Hibachi than usual: you would sell low and buy high (−$4 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hibachi BNB/USDT-P | 802.88 | 0.0248 | pay 0.0031% / 1h | 51m 47s | $71K | $49K | 12x |
| Short | Derive BNB-PERP | 802.55 | 0.0100 | get 0.0013% / 1h | 51m 47s | $32K | $5K | 10x |
Hibachi BNB/USDT-P
Derive BNB-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Derive against Hibachi. 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
- −$31.08
- Price spread: −0.041% → 0.000%
- −$4.09
- Slippage, 4 orders
- no order book: not counted
- Fee Hibachi: 4.5 bp × 2 orders
- −$9
- Fee Derive: 3 bp × 2 orders
- −$6
- Net
- −$50.17
- Costs to cover
- 0.150%
- Break-even
- never at this rate
Slippage unknown: Hibachi: no order-book sample; 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 Hibachi no order-book sample | — | — | — | — | — |
| Sell Derive no order-book sample | — | — | — | — | — |
Hibachi and 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 | 802.37 | −0.063% | $48K | — | 200x | as long as short |
| Hotstuff BNB-PERP | −0.0080% | 1h | 803.26 | +0.048% | $4K | $1K | 25x | as long as short |
| Kraken Futures PF_BNBUSD | −0.0074% | 1h | 802.34 | −0.067% | $2.6M | $969K | 50x | as long as short |
| GRVT BNB_USDT_Perp | 0.0000% | 8h | 802.91 | +0.004% | $3.0M | $28.2M | 10x | as long as short |
| StandX BNB-USD | 0.0000% | 1h | 803.92 | +0.130% | $869K | $2.9M | 30x | as long as short |
| gTrade (Gains Network) BNB/USD | L +0.0008% / S −0.0007% | 1h | 802.30 | −0.071% | $9.8M | — | 150x | as long as short |
| Variational Omni BNB | +0.0031% | 8h | 801.64 | −0.154% | $4.2M | $5.4M | — | as long as short |
| BingX BNB-USDT | +0.0053% | 8h | 802.81 | −0.008% | — | $34.8M | — | as long as short |
| Bybit BNBUSDT | +0.0066% | 8h | 802.39 | −0.061% | $139.4M | $78.7M | 75x | as long as short |
| Coinbase International BNB-PERP-INTX | +0.0072% | 1h | 800.72 | −0.269% | $607K | $998K | 50x | as long as short |
GMX BNB/USD [WBTC.b-USDC]
Hotstuff BNB-PERP
Kraken Futures PF_BNBUSD
GRVT BNB_USDT_Perp
StandX BNB-USD
gTrade (Gains Network) BNB/USD
Variational Omni BNB
BingX BNB-USDT
Bybit BNBUSDT
Coinbase International BNB-PERP-INTXShow all 46 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter BNB | +0.0096% | 1h | 803.02 | +0.018% | $2.8M | $4.1M | 20x | as long as short |
| Nado BNB-PERP | +0.0100% | 1h | 802.10 | −0.097% | $1.4M | $2.7M | 20x | as long as short |
| Pacifica BNB | +0.0100% | 1h | 802.85 | −0.003% | $1.2M | $926K | 20x | as long as short |
| OKX BNB-USDT-SWAP | +0.0100% | 8h | 802.40 | −0.059% | $54.8M | $113.7M | 50x | as long as short |
| Arcus BNB-USD | +0.0100% | 1h | 803.00 | +0.015% | $53K | $133K | 10x | as long as short |
| Gate BNB_USDT | +0.0100% | 8h | 802.55 | −0.041% | $35.9M | $57.6M | 75x | as long as short |
| KuCoin BNBUSDTM | +0.0100% | 8h | 802.59 | −0.036% | $28.1M | $10.3M | 75x | as long as short |
| Bitget BNBUSDT | +0.0100% | 8h | 802.35 | −0.066% | $79.6M | $27.4M | 75x | as long as short |
| edgeX BNBUSDC | +0.0100% | 4h | 803.03 | +0.019% | $4.2M | $77.7M | 30x | as long as short |
| ApeX Omni BNBUSDT | +0.0100% | 1h | 802.61 | −0.033% | $162K | $442K | 50x | as long as short |
| Polymarket Perps BNB-USD | +0.0100% | 1h | 802.36 | −0.064% | $119K | $874K | 10x | as long as short |
| Orderly PERP_BNB_USDC | +0.0100% | 8h | 802.37 | −0.063% | $388K | $497K | 50x | as long as short |
| Derive BNB-PERPshort | +0.0100% | 1h | 802.55 | −0.041% | $32K | $5K | 10x | |
| SunX BNB-USDT | +0.0100% | 8h | 803.05 | +0.022% | $13K | $1.7M | 50x | as long as short |
| HTX BNB-USDT | +0.0100% | 8h | 802.58 | −0.036% | $8.2M | $7.9M | 75x | as long as short |
| Paradex BNB-USD-PERP | +0.0100% | 8h | 803.32 | +0.055% | $78K | $19K | 50x | as long as short |
| Extended BNB-USD | +0.0104% | 1h | 802.25 | −0.078% | $1.9M | $6.4M | 50x | as long as short |
| Aevo BNB-PERP | +0.0104% | 1h | 802.80 | −0.009% | $386K | $40K | 10x | as long as short |
| Aster BNBUSDT | +0.0104% | 8h | 802.95 | +0.009% | $6.3M | $19.0M | 200x | as long as short |
| Kalshi KXBNBPERP | +0.0113% | 8h | 803.20 | +0.040% | $109K | $2.9M | 4.8x | as long as short |
| Phemex BNBUSDT | +0.0117% | 8h | 803.13 | +0.032% | $70.2M | $51.0M | 50x | as long as short |
| MEXC BNB_USDT | +0.0124% | 8h | 803.60 | +0.090% | $83.5M | $13.5M | 200x | as long as short |
| Binance BNBUSDT | +0.0125% | 8h | 803.41 | +0.067% | $502.6M | $818.4M | 75x | as long as short |
| Phoenix BNB | +0.0127% | 1h | 803.21 | +0.042% | $173K | $36K | 10x | as long as short |
| SoDEX BNB-USD | +0.0204% | 1h | 802.60 | −0.034% | $395K | $1.0M | 10x | as long as short |
| BloFin BNB-USDT | +0.0245% | 8h | 803.74 | +0.108% | $18.2M | $2.6M | 75x | as long as short |
| Hibachi BNB/USDT-Plong | +0.0248% | 1h | 802.88 | long leg | $71K | $49K | 12x | |
| RISEx BNB/USDC | +0.0258% | 1h | 802.73 | −0.018% | $1.1M | $1.4M | 20x | as long as short |
| Hyperliquid BNB | +0.0283% | 1h | 803.42 | +0.068% | $52.0M | $21.3M | 10x | as long as short |
| Bulk BNB-USD | +0.0289% | 1h | 801.15 | −0.215% | $651K | $20K | 10x | as long as short |
| Deribit BNB_USDC-PERPETUAL | +0.0300% | 1h | 802.84 | −0.005% | $1.6M | $165K | 25x | as long as short |
| Backpack BNB_USDC_PERP | +0.0302% | 1h | 803.20 | +0.040% | $2.7M | $5.7M | 40x | as long as short |
| Injective BNB/USDC PERP | +0.0306% | 1h | 805.09 | +0.276% | $19K | $789K | 30x | as long as short |
| Reya BNBRUSDPERP | +0.0332% | 1h | 801.98 | −0.112% | $6K | $3K | 40x | as long as short |
| 01 Exchange BNBUSD | +0.0424% | 1h | 803.18 | +0.038% | $28K | $2K | 10x | as long as short |
| dYdX BNB-USD | +0.0496% | 1h | 802.89 | +0.001% | $162K | $62K | 10x | as long as short |
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
SunX BNB-USDT
HTX BNB-USDT
Paradex BNB-USD-PERP
Extended BNB-USD
Aevo BNB-PERP
Aster BNBUSDT
Kalshi KXBNBPERP
Phemex BNBUSDT
MEXC BNB_USDT
Binance BNBUSDT
Phoenix BNB
SoDEX BNB-USD
BloFin BNB-USDT
RISEx BNB/USDC
Hyperliquid BNB
Bulk BNB-USD
Deribit BNB_USDC-PERPETUAL
Backpack BNB_USDC_PERP
Injective BNB/USDC PERP
Reya BNBRUSDPERP
01 Exchange BNBUSD
dYdX BNB-USD