Funding you earn now, next payment 00:00 UTC−0.0044%/8h= −4.8% APRnext payment −$0.44 per $10,000 · paid last 24h +0.002%
Price spread now: BingX against Orderly−0.071%7-day average −0.016% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.040%−$4 on $10k
+Price spread, last 3 days (all we have)+0.284%+$28 · spread now −0.071%, 7d avg −0.016%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and BingX is 0.055% cheaper against Orderly than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.016%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_BNB_USDC | 805.80 | 0.0100 | pay 0.0100% / 8h | 1h 53m | $389K | $592K | 50x |
| Short | BingX BNB-USDT | 805.23 | 0.0056 | get 0.0056% / 8h | 1h 53m | — | $34.5M | — |
Orderly PERP_BNB_USDC
BingX BNB-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against Orderly. 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
- −$9.24
- Price spread: −0.071% → −0.016%
- −$5.46
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$30.7
- Costs to cover
- 0.160%
- Break-even
- never at this rate
Slippage unknown: Orderly: no order-book sample; BingX: live order book, 15 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 BingX live order book, 15 min ago | 0.12 bp | 5.9 bp −$6 | 8.4 bp −$84 | 11.8 bp −$1,184 | 18.8 bp −$9,391 |
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 −0.0195% / S +0.0371% | 1h | 805.73 | −0.008% | $49K | — | 200x | as long as short |
| Hotstuff BNB-PERP | −0.0080% | 1h | 806.97 | +0.145% | $4K | $1K | 25x | as long as short |
| GRVT BNB_USDT_Perp | 0.0000% | 8h | 804.83 | −0.120% | $3.0M | $29.4M | 10x | as long as short |
| Kalshi KXBNBPERP | 0.0000% | 8h | 806.50 | +0.087% | $108K | $2.5M | 4.8x | as long as short |
| StandX BNB-USD | 0.0000% | 1h | 806.22 | +0.052% | $871K | $2.8M | 30x | as long as short |
| gTrade (Gains Network) BNB/USD | L +0.0008% / S −0.0007% | 1h | 805.76 | −0.005% | $9.8M | — | 150x | as long as short |
| Hibachi BNB/USDT-P | +0.0024% | 1h | 806.43 | +0.079% | $71K | $48K | 12x | as long as short |
| Variational Omni BNB | +0.0044% | 8h | 805.28 | −0.064% | $4.1M | $5.3M | — | as long as short |
| BingX BNB-USDTshort | +0.0056% | 8h | 805.23 | −0.071% | — | $34.5M | — | |
| Bybit BNBUSDT | +0.0081% | 8h | 805.10 | −0.087% | $139.3M | $82.0M | 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
Hibachi BNB/USDT-P
Variational Omni BNB
Bybit BNBUSDTShow all 46 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter BNB | +0.0096% | 1h | 805.59 | −0.026% | $2.8M | $4.2M | 20x | as long as short |
| Coinbase International BNB-PERP-INTX | +0.0096% | 1h | 805.76 | −0.005% | $608K | $882K | 50x | as long as short |
| Nado BNB-PERP | +0.0100% | 1h | 806.15 | +0.043% | $1.5M | $2.8M | 20x | as long as short |
| Pacifica BNB | +0.0100% | 1h | 805.63 | −0.021% | $1.2M | $925K | 20x | as long as short |
| OKX BNB-USDT-SWAP | +0.0100% | 8h | 805.10 | −0.087% | $55.1M | $116.2M | 50x | as long as short |
| Arcus BNB-USD | +0.0100% | 1h | 805.50 | −0.037% | $53K | $170K | 10x | as long as short |
| Gate BNB_USDT | +0.0100% | 8h | 805.35 | −0.056% | $36.2M | $57.1M | 75x | as long as short |
| KuCoin BNBUSDTM | +0.0100% | 8h | 805.45 | −0.043% | $28.2M | $10.5M | 75x | as long as short |
| Bitget BNBUSDT | +0.0100% | 8h | 805.14 | −0.082% | $79.0M | $24.8M | 75x | as long as short |
| edgeX BNBUSDC | +0.0100% | 4h | 804.99 | −0.101% | $4.2M | $76.2M | 30x | as long as short |
| ApeX Omni BNBUSDT | +0.0100% | 1h | 804.61 | −0.148% | $159K | $437K | 50x | as long as short |
| Polymarket Perps BNB-USD | +0.0100% | 1h | 806.00 | +0.025% | $116K | $870K | 10x | as long as short |
| Orderly PERP_BNB_USDClong | +0.0100% | 8h | 805.80 | long leg | $389K | $592K | 50x | |
| Derive BNB-PERP | +0.0100% | 1h | 806.03 | +0.028% | $32K | $5K | 10x | as long as short |
| SunX BNB-USDT | +0.0100% | 8h | 806.99 | +0.147% | $13K | $1.7M | 50x | as long as short |
| Deribit BNB_USDC-PERPETUAL | +0.0100% | 1h | 806.19 | +0.048% | $1.6M | $165K | 25x | as long as short |
| HTX BNB-USDT | +0.0100% | 8h | 805.88 | +0.011% | $8.2M | $7.6M | 75x | as long as short |
| Paradex BNB-USD-PERP | +0.0100% | 8h | 806.07 | +0.034% | $79K | $19K | 50x | as long as short |
| Aster BNBUSDT | +0.0103% | 8h | 806.02 | +0.027% | $6.4M | $18.8M | 200x | as long as short |
| Extended BNB-USD | +0.0104% | 1h | 804.72 | −0.134% | $1.9M | $5.9M | 50x | as long as short |
| Aevo BNB-PERP | +0.0104% | 1h | 805.93 | +0.016% | $387K | $40K | 10x | as long as short |
| MEXC BNB_USDT | +0.0117% | 8h | 806.40 | +0.074% | $84.6M | $13.3M | 200x | as long as short |
| Binance BNBUSDT | +0.0118% | 8h | 805.99 | +0.024% | $520.4M | $805.8M | 75x | as long as short |
| Phoenix BNB | +0.0125% | 1h | 805.95 | +0.019% | $173K | $35K | 10x | as long as short |
| Hyperliquid BNB | +0.0132% | 1h | 806.03 | +0.029% | $51.8M | $22.0M | 10x | as long as short |
| Phemex BNBUSDT | +0.0139% | 8h | 806.28 | +0.060% | $70.4M | $51.9M | 50x | as long as short |
| dYdX BNB-USD | +0.0153% | 1h | 805.74 | −0.008% | $162K | $63K | 10x | as long as short |
| SoDEX BNB-USD | +0.0194% | 1h | 805.80 | 0.000% | $396K | $1.0M | 10x | as long as short |
| Kraken Futures PF_BNBUSD | +0.0205% | 1h | 805.59 | −0.025% | $2.5M | $932K | 50x | as long as short |
| BloFin BNB-USDT | +0.0237% | 8h | 806.74 | +0.117% | $18.8M | $3.1M | 75x | as long as short |
| Bulk BNB-USD | +0.0273% | 1h | 805.26 | −0.067% | $650K | $14K | 10x | as long as short |
| Injective BNB/USDC PERP | +0.0311% | 1h | 805.09 | −0.088% | $19K | $789K | 30x | as long as short |
| RISEx BNB/USDC | +0.0318% | 1h | 805.18 | −0.076% | $1.1M | $1.4M | 20x | as long as short |
| Reya BNBRUSDPERP | +0.0333% | 1h | 805.68 | −0.015% | $6K | $3K | 40x | as long as short |
| 01 Exchange BNBUSD | +0.0360% | 1h | 807.31 | +0.187% | $29K | $1K | 10x | as long as short |
| Backpack BNB_USDC_PERP | +0.0721% | 1h | 806.58 | +0.097% | $3.0M | $5.5M | 40x | as long as short |
Lighter BNB
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
Derive BNB-PERP
SunX BNB-USDT
Deribit BNB_USDC-PERPETUAL
HTX BNB-USDT
Paradex BNB-USD-PERP
Aster BNBUSDT
Extended BNB-USD
Aevo BNB-PERP
MEXC BNB_USDT
Binance BNBUSDT
Phoenix BNB
Hyperliquid BNB
Phemex BNBUSDT
dYdX BNB-USD
SoDEX BNB-USD
Kraken Futures PF_BNBUSD
BloFin BNB-USDT
Bulk BNB-USD
Injective BNB/USDC PERP
RISEx BNB/USDC
Reya BNBRUSDPERP
01 Exchange BNBUSD
Backpack BNB_USDC_PERP