Funding you earn now, next payment 02:00 UTC−0.0093%/8h= −10.2% APRpaid last 24h −0.028%
Price spread now: gTrade (Gains Network) against Orderly+0.010%7-day average −0.036% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)−0.091%−$9 on $10k
+Price spread, last 3 days (all we have)−0.022%−$2 · spread now +0.010%, 7d avg −0.036%
=The price spread pays, funding is against you. gTrade (Gains Network) is 0.046% dearer against Orderly than usual: you sell high and buy low (spread +0.010% now, against its 7-day average of −0.036%): +$5 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 40 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_BNB_USDC | 795.52 | 0.0100 | pay 0.0100% / 8h | 6h 24m | $384K | $409K | 50x |
| Short | gTrade (Gains Network) BNB/USD | 795.60 | L +0.0008% / S −0.0007% | get 0.0001% / 1h | 24m 36s | $9.7M | — | 150x |
Orderly PERP_BNB_USDC
gTrade (Gains Network) BNB/USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
gTrade (Gains Network) 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
- −$19.49
- Price spread: +0.010% → −0.036%
- $4.59
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee gTrade (Gains Network): 5 bp × 2 orders
- −$10
- Net
- −$30.9
- Costs to cover
- 0.160%
- Break-even
- never at this rate
Slippage unknown: Orderly: no order-book sample; gTrade (Gains Network): virtual book (oracle venue), 5 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 gTrade (Gains Network) virtual book (oracle venue), 5 min ago | 130.01 bp | 135.0 bp −$135 | 135.0 bp −$1,350 | 484.2 bp −$48.4K | 3301.4 bp −$1.65M |
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 45 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 −0.0167% / S +0.0335% | 1h | 795.54 | +0.002% | $46K | — | 200x | as long as short |
| Kraken Futures PF_BNBUSD | −0.0131% | 1h | 795.58 | +0.008% | $2.5M | $1.0M | 50x | as long as short |
| Hotstuff BNB-PERP | −0.0080% | 1h | 795.33 | −0.024% | $4K | $239 | 25x | as long as short |
| StandX BNB-USD | 0.0000% | 1h | 796.25 | +0.092% | $860K | $3.1M | 30x | as long as short |
| gTrade (Gains Network) BNB/USDshort | L +0.0008% / S −0.0007% | 1h | 795.60 | +0.010% | $9.7M | — | 150x | |
| Variational Omni BNB | +0.0031% | 8h | 795.62 | +0.012% | $4.1M | $4.8M | — | as long as short |
| Injective BNB/USDC PERP | +0.0033% | 1h | 805.09 | +1.203% | $19K | $789K | 30x | as long as short |
| Aster BNBUSDT | +0.0038% | 8h | 795.57 | +0.006% | $6.1M | $19.7M | 200x | as long as short |
| Gate BNB_USDT | +0.0049% | 8h | 795.00 | −0.065% | $35.4M | $56.3M | 75x | as long as short |
| BingX BNB-USDC | +0.0050% | 8h | 795.16 | −0.045% | — | $13.4M | — | as long as short |
GMX BNB/USD [WBTC.b-USDC]
Kraken Futures PF_BNBUSD
Hotstuff BNB-PERP
StandX BNB-USD
Variational Omni BNB
Injective BNB/USDC PERP
Aster BNBUSDT
Gate BNB_USDT
BingX BNB-USDCShow all 45 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phemex BNBUSDT | +0.0051% | 8h | 796.11 | +0.074% | $69.7M | $50.8M | 50x | as long as short |
| Coinbase International BNB-PERP-INTX | +0.0056% | 1h | 795.53 | +0.001% | $610K | $1.1M | 50x | as long as short |
| MEXC BNB_USDT | +0.0063% | 8h | 795.70 | +0.023% | $82.6M | $12.8M | 200x | as long as short |
| Binance BNBUSDT | +0.0064% | 8h | 795.47 | −0.006% | $494.9M | $810.3M | 75x | as long as short |
| GRVT BNB_USDT_Perp | +0.0064% | 8h | 795.99 | +0.060% | $3.0M | $28.5M | 10x | as long as short |
| dYdX BNB-USD | +0.0072% | 1h | 795.36 | −0.020% | $161K | $63K | 10x | as long as short |
| Phoenix BNB | +0.0088% | 1h | 795.80 | +0.035% | $171K | $36K | 10x | as long as short |
| Lighter BNB | +0.0096% | 1h | 795.46 | −0.008% | $2.8M | $4.0M | 20x | as long as short |
| Orderly PERP_BNB_USDClong | +0.0100% | 8h | 795.52 | long leg | $384K | $409K | 50x | |
| Nado BNB-PERP | +0.0100% | 1h | 795.20 | −0.040% | $1.4M | $2.7M | 20x | as long as short |
| Hyperliquid BNB | +0.0100% | 1h | 795.93 | +0.052% | $52.1M | $19.3M | 10x | as long as short |
| Pacifica BNB | +0.0100% | 1h | 795.38 | −0.018% | $1.2M | $925K | 20x | as long as short |
| Bybit BNBUSDT | +0.0100% | 8h | 795.00 | −0.065% | $139.0M | $75.6M | 75x | as long as short |
| OKX BNB-USDT-SWAP | +0.0100% | 8h | 794.70 | −0.103% | $53.3M | $110.4M | 50x | as long as short |
| Arcus BNB-USD | +0.0100% | 1h | 795.30 | −0.028% | $52K | $134K | 10x | as long as short |
| KuCoin BNBUSDTM | +0.0100% | 8h | 795.18 | −0.043% | $27.7M | $10.1M | 75x | as long as short |
| Bitget BNBUSDT | +0.0100% | 8h | 794.69 | −0.104% | $77.4M | $28.1M | 75x | as long as short |
| edgeX BNBUSDC | +0.0100% | 4h | 795.83 | +0.039% | $4.1M | $76.7M | 30x | as long as short |
| ApeX Omni BNBUSDT | +0.0100% | 1h | 794.74 | −0.098% | $160K | $436K | 50x | as long as short |
| Polymarket Perps BNB-USD | +0.0100% | 1h | 795.48 | −0.005% | $111K | $886K | 10x | as long as short |
| Derive BNB-PERP | +0.0100% | 1h | 795.70 | +0.023% | $32K | $9K | 10x | as long as short |
| SunX BNB-USDT | +0.0100% | 8h | 795.89 | +0.046% | $12K | $1.6M | 50x | as long as short |
| SoDEX BNB-USD | +0.0100% | 1h | 795.70 | +0.023% | $391K | $997K | 10x | as long as short |
| HTX BNB-USDT | +0.0100% | 8h | 795.33 | −0.025% | $8.2M | $8.9M | 75x | as long as short |
| Paradex BNB-USD-PERP | +0.0100% | 8h | 795.61 | +0.012% | $77K | $17K | 50x | as long as short |
| Extended BNB-USD | +0.0104% | 1h | 794.64 | −0.111% | $1.7M | $5.8M | 50x | as long as short |
| Aevo BNB-PERP | +0.0104% | 1h | 795.65 | +0.016% | $382K | $110K | 10x | as long as short |
| RISEx BNB/USDC | +0.0131% | 1h | 795.25 | −0.034% | $1.1M | $1.1M | 20x | as long as short |
| Kalshi KXBNBPERP | +0.0157% | 8h | 795.70 | +0.023% | $112K | $2.7M | 4.8x | as long as short |
| Bulk BNB-USD | +0.0195% | 1h | 795.93 | +0.051% | $644K | $16K | 10x | as long as short |
| 01 Exchange BNBUSD | +0.0256% | 1h | 795.49 | −0.004% | $28K | $2K | 10x | as long as short |
| Reya BNBRUSDPERP | +0.0329% | 1h | 795.36 | −0.021% | $6K | $3K | 40x | as long as short |
| Backpack BNB_USDC_PERP | +0.0383% | 1h | 796.05 | +0.067% | $2.7M | $5.7M | 40x | as long as short |
| Deribit BNB_USDC-PERPETUAL | +0.0400% | 1h | 796.09 | +0.072% | $1.6M | $160K | 25x | as long as short |
| Hibachi BNB/USDT-P | +0.0528% | 1h | 795.94 | +0.052% | $68K | $38K | 12x | as long as short |
Phemex BNBUSDT
Coinbase International BNB-PERP-INTX
MEXC BNB_USDT
Binance BNBUSDT
GRVT BNB_USDT_Perp
dYdX BNB-USD
Phoenix BNB
Lighter BNB
Nado BNB-PERP
Hyperliquid BNB
Pacifica BNB
Bybit BNBUSDT
OKX BNB-USDT-SWAP
Arcus BNB-USD
KuCoin BNBUSDTM
Bitget BNBUSDT
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
RISEx BNB/USDC
Kalshi KXBNBPERP
Bulk BNB-USD
01 Exchange BNBUSD
Reya BNBRUSDPERP
Backpack BNB_USDC_PERP
Deribit BNB_USDC-PERPETUAL
Hibachi BNB/USDT-P