Funding you earn now, next payment 08:00 UTC−0.0026%/8h= −2.8% APRnext payment −$0.26 per $10,000 · paid last 24h +0.002%
Price spread now: MEXC against Orderly+0.105%7-day average +0.141% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.061%−$6 on $10k
+Price spread, last 3 days (all we have)+0.175%+$18 · spread now +0.105%, 7d avg +0.141%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and MEXC is 0.036% cheaper against Orderly than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.141%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_BNB_USDC | 798.56 | 0.0100 | pay 0.0100% / 8h | 7h 12m | $386K | $459K | 50x |
| Short | MEXC BNB_USDT | 799.40 | 0.0074 | get 0.0074% / 8h | 7h 12m | $83.1M | $13.7M | 200x |
Orderly PERP_BNB_USDC
MEXC BNB_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- −$5.46
- Price spread: +0.105% → +0.141%
- −$3.62
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$19.08
- Costs to cover
- 0.100%
- Break-even
- never at this rate
Slippage unknown: Orderly: no order-book sample; MEXC: live order book, 2 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 MEXC live order book, 2 min ago | 0.63 bp | 4.3 bp −$4 | 7.8 bp −$78 | 18.9 bp −$1,890 | 33.6 bp −$16.8K |
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 −0.0159% / S +0.0335% | 1h | 798.61 | +0.006% | $47K | — | 200x | as long as short |
| Kraken Futures PF_BNBUSD | −0.0121% | 1h | 798.59 | +0.004% | $2.5M | $1.0M | 50x | as long as short |
| Hotstuff BNB-PERP | −0.0080% | 1h | 799.06 | +0.063% | $4K | $239 | 25x | as long as short |
| GRVT BNB_USDT_Perp | 0.0000% | 8h | 799.73 | +0.147% | $3.0M | $27.9M | 10x | as long as short |
| StandX BNB-USD | 0.0000% | 1h | 799.92 | +0.170% | $864K | $2.9M | 30x | as long as short |
| Gate BNB_USDT | +0.0004% | 8h | 798.30 | −0.033% | $35.9M | $57.0M | 75x | as long as short |
| Variational Omni BNB | +0.0005% | 8h | 798.43 | −0.017% | $4.1M | $5.0M | — | as long as short |
| BingX BNB-USDC | +0.0007% | 8h | 798.65 | +0.011% | — | $13.3M | — | as long as short |
| gTrade (Gains Network) BNB/USD | L +0.0008% / S −0.0007% | 1h | 798.62 | +0.008% | $9.7M | — | 150x | as long as short |
| Phemex BNBUSDT | +0.0025% | 8h | 799.10 | +0.068% | $69.8M | $50.1M | 50x | as long as short |
GMX BNB/USD [WBTC.b-USDC]
Kraken Futures PF_BNBUSD
Hotstuff BNB-PERP
GRVT BNB_USDT_Perp
StandX BNB-USD
Gate BNB_USDT
Variational Omni BNB
BingX BNB-USDC
gTrade (Gains Network) BNB/USD
Phemex BNBUSDTShow all 46 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective BNB/USDC PERP | +0.0033% | 1h | 805.09 | +0.818% | $19K | $789K | 30x | as long as short |
| Coinbase International BNB-PERP-INTX | +0.0048% | 1h | 799.07 | +0.064% | $615K | $1.1M | 50x | as long as short |
| Aster BNBUSDT | +0.0052% | 8h | 799.15 | +0.074% | $6.1M | $19.4M | 200x | as long as short |
| Bybit BNBUSDT | +0.0061% | 8h | 798.30 | −0.033% | $138.6M | $76.1M | 75x | as long as short |
| MEXC BNB_USDTshort | +0.0074% | 8h | 799.40 | +0.105% | $83.1M | $13.7M | 200x | |
| Binance BNBUSDT | +0.0074% | 8h | 798.98 | +0.053% | $496.3M | $809.9M | 75x | as long as short |
| Lighter BNB | +0.0096% | 1h | 798.79 | +0.029% | $2.8M | $4.0M | 20x | as long as short |
| Phoenix BNB | +0.0099% | 1h | 800.04 | +0.185% | $172K | $36K | 10x | as long as short |
| Nado BNB-PERP | +0.0100% | 1h | 798.60 | +0.005% | $1.5M | $2.7M | 20x | as long as short |
| Pacifica BNB | +0.0100% | 1h | 799.07 | +0.063% | $1.2M | $937K | 20x | as long as short |
| OKX BNB-USDT-SWAP | +0.0100% | 8h | 798.30 | −0.033% | $54.2M | $110.8M | 50x | as long as short |
| Arcus BNB-USD | +0.0100% | 1h | 798.90 | +0.043% | $53K | $127K | 10x | as long as short |
| KuCoin BNBUSDTM | +0.0100% | 8h | 798.55 | −0.001% | $27.9M | $10.0M | 75x | as long as short |
| Bitget BNBUSDT | +0.0100% | 8h | 798.37 | −0.024% | $78.2M | $28.0M | 75x | as long as short |
| edgeX BNBUSDC | +0.0100% | 4h | 799.52 | +0.121% | $4.2M | $76.9M | 30x | as long as short |
| ApeX Omni BNBUSDT | +0.0100% | 1h | 799.37 | +0.101% | $161K | $435K | 50x | as long as short |
| Polymarket Perps BNB-USD | +0.0100% | 1h | 798.64 | +0.010% | $113K | $884K | 10x | as long as short |
| Orderly PERP_BNB_USDClong | +0.0100% | 8h | 798.56 | long leg | $386K | $459K | 50x | |
| Derive BNB-PERP | +0.0100% | 1h | 798.69 | +0.017% | $32K | $5K | 10x | as long as short |
| SunX BNB-USDT | +0.0100% | 8h | 799.17 | +0.076% | $13K | $1.6M | 50x | as long as short |
| SoDEX BNB-USD | +0.0100% | 1h | 798.70 | +0.018% | $393K | $996K | 10x | as long as short |
| HTX BNB-USDT | +0.0100% | 8h | 798.49 | −0.009% | $8.2M | $8.3M | 75x | as long as short |
| Paradex BNB-USD-PERP | +0.0100% | 8h | 799.39 | +0.103% | $78K | $18K | 50x | as long as short |
| Extended BNB-USD | +0.0104% | 1h | 798.22 | −0.043% | $1.8M | $6.0M | 50x | as long as short |
| Aevo BNB-PERP | +0.0104% | 1h | 798.64 | +0.010% | $384K | $110K | 10x | as long as short |
| Bulk BNB-USD | +0.0138% | 1h | 797.80 | −0.095% | $648K | $10K | 10x | as long as short |
| RISEx BNB/USDC | +0.0155% | 1h | 798.73 | +0.021% | $1.1M | $1.4M | 20x | as long as short |
| Kalshi KXBNBPERP | +0.0162% | 8h | 799.20 | +0.080% | $90K | $2.8M | 4.8x | as long as short |
| dYdX BNB-USD | +0.0191% | 1h | 799.16 | +0.076% | $161K | $63K | 10x | as long as short |
| BloFin BNB-USDT | +0.0194% | 8h | 799.67 | +0.139% | $18.1M | $2.5M | 75x | as long as short |
| 01 Exchange BNBUSD | +0.0200% | 1h | 799.04 | +0.060% | $28K | $1K | 10x | as long as short |
| Hyperliquid BNB | +0.0290% | 1h | 799.30 | +0.093% | $53.1M | $20.3M | 10x | as long as short |
| Deribit BNB_USDC-PERPETUAL | +0.0300% | 1h | 799.04 | +0.060% | $1.6M | $161K | 25x | as long as short |
| Hibachi BNB/USDT-P | +0.0312% | 1h | 799.36 | +0.100% | $68K | $38K | 12x | as long as short |
| Reya BNBRUSDPERP | +0.0330% | 1h | 798.21 | −0.044% | $6K | $3K | 40x | as long as short |
| Backpack BNB_USDC_PERP | +0.0429% | 1h | 799.68 | +0.140% | $2.7M | $5.7M | 40x | as long as short |
Injective BNB/USDC PERP
Coinbase International BNB-PERP-INTX
Aster BNBUSDT
Bybit BNBUSDT
Binance BNBUSDT
Lighter BNB
Phoenix BNB
Nado BNB-PERP
Pacifica BNB
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
Bulk BNB-USD
RISEx BNB/USDC
Kalshi KXBNBPERP
dYdX BNB-USD
BloFin BNB-USDT
01 Exchange BNBUSD
Hyperliquid BNB
Deribit BNB_USDC-PERPETUAL
Hibachi BNB/USDT-P
Reya BNBRUSDPERP
Backpack BNB_USDC_PERP