Funding you earn now, next payment 08:00 UTC+0.0078%/8h= +8.5% APRnext payment +$0.78 per $10,000 · paid last 24h +0.038%
Price spread now: BloFin against Orderly+0.096%52s7-day average +0.053% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.166%+$17 on $10k
+Price spread, last 4 days (all we have)−0.072%−$7 · spread now +0.096%, 7d avg +0.053%
=Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and BloFin is 0.043% dearer against Orderly than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.053%. The two prices were read 52 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 | 789.30 | 0.0100 | pay 0.0100% / 8h | 3h 59m | $265K | $492K | 50x |
| Short | BloFin BNB-USDT | 790.06 | 0.0178 | get 0.0178% / 8h | 3h 59m | $18.1M | $2.2M | 75x |
Orderly PERP_BNB_USDC
BloFin BNB-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- $16.35
- Price spread: +0.096% → +0.053%
- $4.29
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- $2.64
- Costs to cover
- 0.180%
- Break-even
- 5.9 days
Slippage unknown: Orderly: no order-book sample; BloFin: 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 BloFin live order book, 4 min ago | 0.06 bp | 6.1 bp −$6 | 6.7 bp −$67 | 14.7 bp −$1,467 | 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 −0.0190% / S +0.0354% | 1h | 789.26 | −0.005% | $46K | — | 200x | as long as short |
| Hotstuff BNB-PERP | −0.0080% | 1h | 789.56 | +0.033% | $4K | $42 | 25x | as long as short |
| StandX BNB-USD | 0.0000% | 1h | 789.65 | +0.044% | $852K | $3.2M | 30x | as long as short |
| gTrade (Gains Network) BNB/USD | L +0.0007% / S −0.0007% | 1h | 789.08 | −0.028% | $9.5M | — | 150x | as long as short |
| Injective BNB/USDC PERP | +0.0033% | 1h | 805.09 | +2.001% | $19K | $789K | 30x | as long as short |
| Aster BNBUSDT | +0.0036% | 8h | 789.72 | +0.053% | $6.1M | $18.7M | 200x | as long as short |
| BingX BNB-USDT | +0.0046% | 8h | 789.35 | +0.006% | — | $34.4M | — | as long as short |
| MEXC BNB_USDT | +0.0058% | 8h | 790.00 | +0.089% | $80.1M | $12.0M | 200x | as long as short |
| Binance BNBUSDT | +0.0058% | 8h | 789.95 | +0.082% | $493.2M | $792.8M | 75x | as long as short |
| Phemex BNBUSDT | +0.0058% | 8h | 789.60 | +0.038% | $69.1M | $50.4M | 50x | as long as short |
GMX BNB/USD [WBTC.b-USDC]
Hotstuff BNB-PERP
StandX BNB-USD
gTrade (Gains Network) BNB/USD
Injective BNB/USDC PERP
Aster BNBUSDT
BingX BNB-USDT
MEXC BNB_USDT
Binance BNBUSDT
Phemex BNBUSDTShow all 46 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International BNB-PERP-INTX | +0.0064% | 1h | 788.26 | −0.132% | $579K | $1.9M | 50x | as long as short |
| Lighter BNB | +0.0096% | 1h | 789.32 | +0.003% | $2.7M | $3.8M | 20x | as long as short |
| Orderly PERP_BNB_USDClong | +0.0100% | 8h | 789.30 | long leg | $265K | $492K | 50x | |
| Nado BNB-PERP | +0.0100% | 1h | 789.05 | −0.032% | $1.5M | $2.6M | 20x | as long as short |
| Hyperliquid BNB | +0.0100% | 1h | 789.79 | +0.062% | $51.8M | $17.5M | 10x | as long as short |
| Pacifica BNB | +0.0100% | 1h | 789.38 | +0.010% | $1.2M | $931K | 20x | as long as short |
| Bybit BNBUSDT | +0.0100% | 8h | 789.20 | −0.013% | $138.8M | $74.0M | 75x | as long as short |
| OKX BNB-USDT-SWAP | +0.0100% | 8h | 789.10 | −0.025% | $53.4M | $111.4M | 50x | as long as short |
| Arcus BNB-USD | +0.0100% | 1h | 789.40 | +0.013% | $52K | $133K | 10x | as long as short |
| Gate BNB_USDT | +0.0100% | 8h | 789.05 | −0.032% | $35.5M | $56.4M | 75x | as long as short |
| KuCoin BNBUSDTM | +0.0100% | 8h | 789.06 | −0.030% | $28.1M | $10.1M | 75x | as long as short |
| Bitget BNBUSDT | +0.0100% | 8h | 789.19 | −0.014% | $76.4M | $30.2M | 75x | as long as short |
| Backpack BNB_USDC_PERP | +0.0100% | 1h | 789.38 | +0.010% | $2.2M | $6.1M | 40x | as long as short |
| Variational Omni BNB | +0.0100% | 8h | 789.11 | −0.024% | $4.1M | $4.8M | — | as long as short |
| edgeX BNBUSDC | +0.0100% | 4h | 789.79 | +0.062% | $4.1M | $73.3M | 30x | as long as short |
| ApeX Omni BNBUSDT | +0.0100% | 1h | 789.32 | +0.003% | $159K | $440K | 50x | as long as short |
| Polymarket Perps BNB-USD | +0.0100% | 1h | 789.25 | −0.006% | $131K | $952K | 10x | as long as short |
| Derive BNB-PERP | +0.0100% | 1h | 789.34 | +0.005% | $31K | $12K | 10x | as long as short |
| SunX BNB-USDT | +0.0100% | 8h | 789.83 | +0.068% | $12K | $1.5M | 50x | as long as short |
| SoDEX BNB-USD | +0.0100% | 1h | 789.30 | 0.000% | $388K | $1.0M | 10x | as long as short |
| HTX BNB-USDT | +0.0100% | 8h | 789.25 | −0.006% | $8.1M | $9.5M | 75x | as long as short |
| Paradex BNB-USD-PERP | +0.0100% | 8h | 789.56 | +0.033% | $77K | $17K | 50x | as long as short |
| Extended BNB-USD | +0.0104% | 1h | 788.83 | −0.059% | $1.9M | $6.2M | 50x | as long as short |
| Aevo BNB-PERP | +0.0104% | 1h | 789.28 | −0.002% | $379K | $110K | 10x | as long as short |
| Phoenix BNB | +0.0117% | 1h | 789.25 | −0.006% | $170K | $34K | 10x | as long as short |
| dYdX BNB-USD | +0.0122% | 1h | 789.25 | −0.006% | $160K | $64K | 10x | as long as short |
| GRVT BNB_USDT_Perp | +0.0157% | 8h | 789.58 | +0.036% | $2.9M | $28.5M | 10x | as long as short |
| Kalshi KXBNBPERP | +0.0177% | 8h | 789.90 | +0.076% | $133K | $2.7M | 4.8x | as long as short |
| BloFin BNB-USDTshort | +0.0178% | 8h | 790.06 | +0.096% | $18.1M | $2.2M | 75x | |
| Bulk BNB-USD | +0.0216% | 1h | 788.57 | −0.092% | $639K | $9K | 10x | as long as short |
| Kraken Futures PF_BNBUSD | +0.0263% | 1h | 789.07 | −0.029% | $2.5M | $1.2M | 50x | as long as short |
| 01 Exchange BNBUSD | +0.0288% | 1h | 790.01 | +0.090% | $28K | $4K | 10x | as long as short |
| Deribit BNB_USDC-PERPETUAL | +0.0300% | 1h | 789.74 | +0.056% | $1.5M | $143K | 25x | as long as short |
| Reya BNBRUSDPERP | +0.0325% | 1h | 788.90 | −0.050% | $6K | $3K | 40x | as long as short |
| Hibachi BNB/USDT-P | +0.0360% | 1h | 789.68 | +0.048% | $67K | $38K | 12x | as long as short |
| RISEx BNB/USDC | +0.0431% | 1h | 789.46 | +0.020% | $1.1M | $902K | 20x | as long as short |
Coinbase International BNB-PERP-INTX
Lighter BNB
Nado BNB-PERP
Hyperliquid BNB
Pacifica BNB
Bybit BNBUSDT
OKX BNB-USDT-SWAP
Arcus BNB-USD
Gate BNB_USDT
KuCoin BNBUSDTM
Bitget BNBUSDT
Backpack BNB_USDC_PERP
Variational Omni BNB
edgeX BNBUSDC
ApeX Omni BNBUSDT
Polymarket Perps BNB-USD
Derive BNB-PERP
SunX BNB-USDT
SoDEX BNB-USD
HTX BNB-USDT
Paradex BNB-USD-PERP
Extended BNB-USD
Aevo BNB-PERP
Phoenix BNB
dYdX BNB-USD
GRVT BNB_USDT_Perp
Kalshi KXBNBPERP
Bulk BNB-USD
Kraken Futures PF_BNBUSD
01 Exchange BNBUSD
Deribit BNB_USDC-PERPETUAL
Reya BNBRUSDPERP
Hibachi BNB/USDT-P
RISEx BNB/USDC