BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0004%/8h= −0.4% APRnext payment −$0.04 per $10,000 · paid last 24h +0.011%

Price spread now: Aster against Orderly+0.077%49s7-day average +0.049% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Orderly Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days−0.086%−$9 on $10k

Price spread, last 3 days (all we have)+0.012%+$1 · spread now +0.077%, 7d avg +0.049%

Together, before fees−0.074%+ Points / potential airdropAster: Stage 5 · farm board−$7 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: Aster is 0.028% dearer against Orderly than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.049%. The two prices were read 49 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_BNB_USDC	800.02	0.0100	pay 0.0100% / 8h	34m 34s	$387K	$497K	50x
Short	Aster BNBUSDT	800.64	0.0096	get 0.0096% / 8h	34m 34s	$6.3M	$19.0M	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Orderly. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee OrderlybpFee AsterbpOrdersPrice spread, now +0.077%Rate

Funding earned: −$0.79
Price spread: +0.077% → +0.049%: $2.8
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Aster: 4 bp × 2 orders: −$8
Net: −$11.98
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; Aster: live order book, 4 min ago. 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 Orderly no order-book sample	—	—	—	—	—
Sell Aster live order book, 4 min ago	0.13 bp	4.2 bp −$4	5.4 bp −$54	17.8 bp −$1,783	doesn't fit

Orderly: 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	800.20	+0.023%	$48K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	800.30	+0.035%	$4K	$1K	25x	as long as short
Kraken Futures PF_BNBUSD	−0.0074%	1h	799.99	−0.003%	$2.6M	$968K	50x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	800.99	+0.121%	$3.0M	$28.0M	10x	as long as short
StandX BNB-USD	0.0000%	1h	801.23	+0.151%	$866K	$2.9M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	800.10	+0.010%	$9.8M	—	150x	as long as short
Variational Omni BNB	+0.0021%	8h	799.96	−0.008%	$4.1M	$5.4M	—	as long as short
BingX BNB-USDC	+0.0045%	8h	800.06	+0.005%	—	$13.3M	—	as long as short
Bybit BNBUSDT	+0.0052%	8h	799.70	−0.040%	$138.8M	$78.4M	75x	as long as short
Coinbase International BNB-PERP-INTX	+0.0072%	1h	800.72	+0.087%	$607K	$994K	50x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter BNB	+0.0096%	1h	800.33	+0.039%	$2.8M	$4.1M	20x	as long as short
Aster BNBUSDTshort	+0.0096%	8h	800.64	+0.077%	$6.3M	$19.0M	200x
Nado BNB-PERP	+0.0100%	1h	799.65	−0.046%	$1.4M	$2.7M	20x	as long as short
Pacifica BNB	+0.0100%	1h	800.24	+0.027%	$1.2M	$926K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	799.70	−0.040%	$54.5M	$113.2M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	800.40	+0.047%	$53K	$133K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	799.85	−0.021%	$35.8M	$57.9M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	799.85	−0.021%	$28.0M	$10.3M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	799.78	−0.030%	$79.3M	$27.4M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	801.06	+0.130%	$4.2M	$76.7M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	801.03	+0.126%	$161K	$442K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	799.86	−0.020%	$117K	$875K	10x	as long as short
Orderly PERP_BNB_USDClong	+0.0100%	8h	800.02	long leg	$387K	$497K	50x
Derive BNB-PERP	+0.0100%	1h	800.24	+0.028%	$32K	$5K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	801.00	+0.123%	$13K	$1.7M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	800.20	+0.022%	$393K	$1.0M	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	800.40	+0.047%	$8.2M	$8.0M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	800.64	+0.078%	$78K	$19K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	799.58	−0.055%	$1.8M	$6.5M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	800.17	+0.019%	$384K	$40K	10x	as long as short
Phemex BNBUSDT	+0.0113%	8h	800.56	+0.067%	$70.0M	$50.8M	50x	as long as short
Kalshi KXBNBPERP	+0.0116%	8h	801.10	+0.135%	$110K	$2.9M	4.8x	as long as short
MEXC BNB_USDT	+0.0118%	8h	801.00	+0.122%	$83.2M	$13.5M	200x	as long as short
Binance BNBUSDT	+0.0118%	8h	800.57	+0.069%	$500.1M	$816.1M	75x	as long as short
Phoenix BNB	+0.0127%	1h	800.81	+0.099%	$172K	$36K	10x	as long as short
Hyperliquid BNB	+0.0191%	1h	800.77	+0.094%	$51.9M	$21.0M	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0200%	1h	800.41	+0.048%	$1.6M	$165K	25x	as long as short
Hibachi BNB/USDT-P	+0.0208%	1h	800.60	+0.073%	$70K	$44K	12x	as long as short
BloFin BNB-USDT	+0.0238%	8h	800.74	+0.090%	$18.2M	$2.5M	75x	as long as short
RISEx BNB/USDC	+0.0258%	1h	800.21	+0.024%	$1.1M	$1.4M	20x	as long as short
Bulk BNB-USD	+0.0305%	1h	801.82	+0.225%	$651K	$20K	10x	as long as short
Injective BNB/USDC PERP	+0.0306%	1h	805.09	+0.634%	$19K	$789K	30x	as long as short
01 Exchange BNBUSD	+0.0320%	1h	800.67	+0.081%	$28K	$1K	10x	as long as short
Reya BNBRUSDPERP	+0.0332%	1h	799.55	−0.059%	$6K	$3K	40x	as long as short
dYdX BNB-USD	+0.0405%	1h	800.10	+0.010%	$161K	$62K	10x	as long as short
Backpack BNB_USDC_PERP	+0.0415%	1h	800.90	+0.110%	$2.7M	$5.7M	40x	as long as short