Funding you earn now, next payment 22:00 UTC+0.0579%/8h= +63.4% APRpaid last 24h +0.014%
Price spread now: Backpack against MEXC+0.066%7-day average −0.073% · you sell dearer than you buy
Net, funding: paid 7d − costs−$2as in the Funding arb table
Net, price: spread back to 7d avg − costs−$4as in the Price arb table
costs, in and out, $10k−$180.180% of the position
Funding, last 7 days+0.160%+$16 on $10k
+Price spread, last 7 days−0.210%−$21 · spread now +0.066%, 7d avg −0.073%
=Both sides work for this trade now. Funding pays +$17 a day on $10k at the current rate, and Backpack is 0.139% dearer against MEXC than usual: you sell high and buy low: +$14 more if the spread goes back to its 7-day average of −0.073%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.160% in total (about 8.4% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC BNB_USDT | 803.30 | 0.0103 | pay 0.0103% / 8h | 2h 39m | $84.4M | $13.6M | 200x |
| Short | Backpack BNB_USDC_PERP | 803.83 | 0.0682 | get 0.0085% / 1h | 39m 32s | $3.0M | $5.3M | 40x |
MEXC BNB_USDT
Backpack BNB_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against MEXC. 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
- $121.58
- Price spread: +0.066% → −0.073%
- $13.94
- Slippage, 4 orders
- −$4
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- $117.53
- Costs to cover
- 0.180%
- Break-even
- 0.2 days
Slippage from MEXC: live order book, 5 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 MEXC live order book, 5 min ago | 0.62 bp | 3.4 bp −$3 | 7.5 bp −$75 | 25.2 bp −$2,525 | 43.4 bp −$21.7K |
| Sell Backpack live order book, 5 min ago | 0.06 bp | 5.6 bp −$6 | 7.6 bp −$76 | 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 | 802.80 | −0.062% | $48K | — | 200x | as long as short |
| Hotstuff BNB-PERP | −0.0080% | 1h | 803.25 | −0.006% | $4K | $1K | 25x | as long as short |
| GRVT BNB_USDT_Perp | 0.0000% | 8h | 803.28 | −0.002% | $3.0M | $29.7M | 10x | as long as short |
| Kalshi KXBNBPERP | 0.0000% | 8h | 803.40 | +0.012% | $122K | $2.5M | 4.8x | as long as short |
| StandX BNB-USD | 0.0000% | 1h | 803.58 | +0.035% | $868K | $3.0M | 30x | as long as short |
| gTrade (Gains Network) BNB/USD | L +0.0008% / S −0.0007% | 1h | 802.33 | −0.121% | $9.7M | — | 150x | as long as short |
| Kraken Futures PF_BNBUSD | +0.0038% | 1h | 802.99 | −0.039% | $2.5M | $910K | 50x | as long as short |
| Variational Omni BNB | +0.0055% | 8h | 802.35 | −0.118% | $4.0M | $5.4M | — | as long as short |
| BingX BNB-USDC | +0.0062% | 8h | 802.59 | −0.088% | — | $13.3M | — | as long as short |
| Bybit BNBUSDT | +0.0081% | 8h | 801.70 | −0.199% | $138.6M | $82.6M | 75x | 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-USDC
Bybit BNBUSDTShow all 46 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster BNBUSDT | +0.0087% | 8h | 802.95 | −0.044% | $6.4M | $18.8M | 200x | as long as short |
| Coinbase International BNB-PERP-INTX | +0.0088% | 1h | 803.99 | +0.086% | $608K | $880K | 50x | as long as short |
| Lighter BNB | +0.0096% | 1h | 802.78 | −0.065% | $2.8M | $4.2M | 20x | as long as short |
| Nado BNB-PERP | +0.0100% | 1h | 802.00 | −0.162% | $1.4M | $2.8M | 20x | as long as short |
| Pacifica BNB | +0.0100% | 1h | 802.58 | −0.090% | $1.2M | $923K | 20x | as long as short |
| OKX BNB-USDT-SWAP | +0.0100% | 8h | 802.10 | −0.149% | $55.1M | $115.2M | 50x | as long as short |
| Arcus BNB-USD | +0.0100% | 1h | 802.60 | −0.087% | $52K | $161K | 10x | as long as short |
| Gate BNB_USDT | +0.0100% | 8h | 802.05 | −0.156% | $35.9M | $58.4M | 75x | as long as short |
| KuCoin BNBUSDTM | +0.0100% | 8h | 802.04 | −0.157% | $28.1M | $10.5M | 75x | as long as short |
| Bitget BNBUSDT | +0.0100% | 8h | 802.10 | −0.149% | $78.9M | $24.4M | 75x | as long as short |
| edgeX BNBUSDC | +0.0100% | 4h | 803.51 | +0.026% | $4.2M | $76.8M | 30x | as long as short |
| ApeX Omni BNBUSDT | +0.0100% | 1h | 803.43 | +0.016% | $158K | $438K | 50x | as long as short |
| Polymarket Perps BNB-USD | +0.0100% | 1h | 802.12 | −0.147% | $118K | $868K | 10x | as long as short |
| Orderly PERP_BNB_USDC | +0.0100% | 8h | 802.87 | −0.054% | $388K | $593K | 50x | as long as short |
| Derive BNB-PERP | +0.0100% | 1h | 802.99 | −0.038% | $32K | $5K | 10x | as long as short |
| SunX BNB-USDT | +0.0100% | 8h | 803.47 | +0.022% | $13K | $1.7M | 50x | as long as short |
| Deribit BNB_USDC-PERPETUAL | +0.0100% | 1h | 803.33 | +0.004% | $1.6M | $165K | 25x | as long as short |
| HTX BNB-USDT | +0.0100% | 8h | 802.91 | −0.048% | $8.2M | $7.4M | 75x | as long as short |
| Paradex BNB-USD-PERP | +0.0100% | 8h | 802.94 | −0.045% | $78K | $19K | 50x | as long as short |
| MEXC BNB_USDTlong | +0.0103% | 8h | 803.30 | long leg | $84.4M | $13.6M | 200x | |
| Binance BNBUSDT | +0.0103% | 8h | 802.80 | −0.062% | $517.7M | $803.3M | 75x | as long as short |
| Extended BNB-USD | +0.0104% | 1h | 801.81 | −0.185% | $1.9M | $6.1M | 50x | as long as short |
| Aevo BNB-PERP | +0.0104% | 1h | 803.08 | −0.027% | $386K | $40K | 10x | as long as short |
| SoDEX BNB-USD | +0.0119% | 1h | 802.90 | −0.050% | $395K | $1.0M | 10x | as long as short |
| Phemex BNBUSDT | +0.0119% | 8h | 803.49 | +0.024% | $70.1M | $51.7M | 50x | as long as short |
| Phoenix BNB | +0.0125% | 1h | 803.50 | +0.025% | $173K | $35K | 10x | as long as short |
| Hyperliquid BNB | +0.0150% | 1h | 802.90 | −0.050% | $51.6M | $21.3M | 10x | as long as short |
| Bulk BNB-USD | +0.0194% | 1h | 803.61 | +0.039% | $649K | $11K | 10x | as long as short |
| RISEx BNB/USDC | +0.0209% | 1h | 802.55 | −0.093% | $1.1M | $1.4M | 20x | as long as short |
| BloFin BNB-USDT | +0.0224% | 8h | 803.58 | +0.035% | $18.8M | $3.0M | 75x | as long as short |
| dYdX BNB-USD | +0.0254% | 1h | 803.00 | −0.037% | $170K | $55K | 10x | as long as short |
| Hibachi BNB/USDT-P | +0.0256% | 1h | 802.85 | −0.055% | $71K | $49K | 12x | as long as short |
| 01 Exchange BNBUSD | +0.0312% | 1h | 802.92 | −0.047% | $28K | $1K | 10x | as long as short |
| Reya BNBRUSDPERP | +0.0334% | 1h | 801.86 | −0.180% | $6K | $3K | 40x | as long as short |
| Injective BNB/USDC PERP | +0.0353% | 1h | 804.92 | +0.202% | $19K | $526K | 30x | as long as short |
| Backpack BNB_USDC_PERPshort | +0.0682% | 1h | 803.83 | +0.066% | $3.0M | $5.3M | 40x |
Aster BNBUSDT
Coinbase International BNB-PERP-INTX
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
Deribit BNB_USDC-PERPETUAL
HTX BNB-USDT
Paradex BNB-USD-PERP
Binance BNBUSDT
Extended BNB-USD
Aevo BNB-PERP
SoDEX BNB-USD
Phemex BNBUSDT
Phoenix BNB
Hyperliquid BNB
Bulk BNB-USD
RISEx BNB/USDC
BloFin BNB-USDT
dYdX BNB-USD
Hibachi BNB/USDT-P
01 Exchange BNBUSD
Reya BNBRUSDPERP
Injective BNB/USDC PERP