Funding you earn now, next payment 03:00 UTC−0.0002%/8h= −0.2% APRpaid last 24h +0.047%
Price spread now: Backpack against Paradex−0.053%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Backpack is 0.053% cheaper against Paradex than usual: you would sell low and buy high, −$5 on $10k if it goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Paradex BNB-USD-PERP | 792.51 | 0.0102 | pay 0.0102% / 8h | 5h 17m | $77K | $17K | 50x |
| Short | Backpack BNB_USDC_PERP | 792.09 | 0.0100 | get 0.0013% / 1h | 17m 29s | $2.2M | $6.1M | 40x |
Paradex BNB-USD-PERP
Backpack BNB_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against Paradex. 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
- −$0.47
- Price spread: −0.053% → 0.000%
- −$5.31
- Slippage, 4 orders
- no order book: not counted
- Fee Paradex: 2 bp × 2 orders
- −$4
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$19.78
- Costs to cover
- 0.140%
- Break-even
- never at this rate
Slippage unknown: Paradex: no order-book sample; Backpack: 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 Paradex no order-book sample | — | — | — | — | — |
| Sell Backpack live order book, 2 min ago | 0.06 bp | 5.1 bp −$5 | 8.9 bp −$89 | doesn't fit | doesn't fit |
Paradex: 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 −0.0167% / S +0.0335% | 1h | 791.22 | −0.163% | $46K | — | 200x | as long as short |
| Hotstuff BNB-PERP | −0.0080% | 1h | 792.23 | −0.035% | $4K | $239 | 25x | as long as short |
| StandX BNB-USD | 0.0000% | 1h | 792.12 | −0.049% | $856K | $3.1M | 30x | as long as short |
| gTrade (Gains Network) BNB/USD | L +0.0008% / S −0.0007% | 1h | 791.81 | −0.089% | $9.7M | — | 150x | as long as short |
| Injective BNB/USDC PERP | +0.0033% | 1h | 805.09 | +1.587% | $19K | $789K | 30x | as long as short |
| Coinbase International BNB-PERP-INTX | +0.0048% | 1h | 792.03 | −0.061% | $615K | $1.8M | 50x | as long as short |
| Aster BNBUSDT | +0.0051% | 8h | 792.43 | −0.010% | $6.2M | $18.7M | 200x | as long as short |
| Phemex BNBUSDT | +0.0053% | 8h | 792.05 | −0.058% | $69.4M | $50.6M | 50x | as long as short |
| BingX BNB-USDT | +0.0061% | 8h | 791.95 | −0.071% | — | $34.3M | — | as long as short |
| MEXC BNB_USDT | +0.0075% | 8h | 792.80 | +0.036% | $80.5M | $12.5M | 200x | 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
Coinbase International BNB-PERP-INTX
Aster BNBUSDT
Phemex BNBUSDT
BingX BNB-USDT
MEXC BNB_USDTShow all 46 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance BNBUSDT | +0.0076% | 8h | 792.31 | −0.025% | $495.0M | $793.5M | 75x | as long as short |
| Kraken Futures PF_BNBUSD | +0.0091% | 1h | 791.45 | −0.134% | $2.5M | $1.2M | 50x | as long as short |
| Lighter BNB | +0.0096% | 1h | 792.08 | −0.054% | $2.8M | $3.9M | 20x | as long as short |
| Orderly PERP_BNB_USDC | +0.0100% | 8h | 791.36 | −0.145% | $266K | $498K | 50x | as long as short |
| Nado BNB-PERP | +0.0100% | 1h | 791.70 | −0.102% | $1.5M | $2.6M | 20x | as long as short |
| Hyperliquid BNB | +0.0100% | 1h | 792.43 | −0.010% | $52.0M | $17.6M | 10x | as long as short |
| Pacifica BNB | +0.0100% | 1h | 792.12 | −0.049% | $1.2M | $908K | 20x | as long as short |
| Bybit BNBUSDT | +0.0100% | 8h | 791.66 | −0.107% | $139.3M | $77.1M | 75x | as long as short |
| OKX BNB-USDT-SWAP | +0.0100% | 8h | 791.70 | −0.102% | $53.8M | $111.7M | 50x | as long as short |
| Arcus BNB-USD | +0.0100% | 1h | 792.00 | −0.064% | $52K | $130K | 10x | as long as short |
| Gate BNB_USDT | +0.0100% | 8h | 791.75 | −0.096% | $35.5M | $57.2M | 75x | as long as short |
| KuCoin BNBUSDTM | +0.0100% | 8h | 791.66 | −0.107% | $27.8M | $10.3M | 75x | as long as short |
| Bitget BNBUSDT | +0.0100% | 8h | 791.47 | −0.131% | $77.0M | $29.9M | 75x | as long as short |
| Backpack BNB_USDC_PERPshort | +0.0100% | 1h | 792.09 | −0.053% | $2.2M | $6.1M | 40x | |
| Variational Omni BNB | +0.0100% | 8h | 791.30 | −0.152% | $4.1M | $4.6M | — | as long as short |
| edgeX BNBUSDC | +0.0100% | 4h | 791.82 | −0.087% | $4.1M | $75.5M | 30x | as long as short |
| ApeX Omni BNBUSDT | +0.0100% | 1h | 792.28 | −0.029% | $159K | $440K | 50x | as long as short |
| Polymarket Perps BNB-USD | +0.0100% | 1h | 791.68 | −0.105% | $134K | $949K | 10x | as long as short |
| Derive BNB-PERP | +0.0100% | 1h | 791.55 | −0.121% | $31K | $12K | 10x | as long as short |
| SunX BNB-USDT | +0.0100% | 8h | 791.98 | −0.067% | $12K | $1.6M | 50x | as long as short |
| SoDEX BNB-USD | +0.0100% | 1h | 791.60 | −0.115% | $389K | $1.0M | 10x | as long as short |
| HTX BNB-USDT | +0.0100% | 8h | 791.71 | −0.102% | $8.1M | $9.2M | 75x | as long as short |
| Paradex BNB-USD-PERPlong | +0.0102% | 8h | 792.51 | long leg | $77K | $17K | 50x | |
| Extended BNB-USD | +0.0104% | 1h | 791.44 | −0.135% | $1.8M | $5.9M | 50x | as long as short |
| Aevo BNB-PERP | +0.0104% | 1h | 791.34 | −0.148% | $380K | $110K | 10x | as long as short |
| Phoenix BNB | +0.0107% | 1h | 792.03 | −0.061% | $170K | $35K | 10x | as long as short |
| GRVT BNB_USDT_Perp | +0.0145% | 8h | 792.09 | −0.053% | $2.9M | $28.0M | 10x | as long as short |
| Kalshi KXBNBPERP | +0.0187% | 8h | 792.00 | −0.064% | $83K | $2.8M | 4.8x | as long as short |
| BloFin BNB-USDT | +0.0196% | 8h | 791.81 | −0.088% | $18.1M | $2.2M | 75x | as long as short |
| dYdX BNB-USD | +0.0214% | 1h | 791.84 | −0.084% | $160K | $63K | 10x | as long as short |
| 01 Exchange BNBUSD | +0.0296% | 1h | 792.28 | −0.029% | $28K | $4K | 10x | as long as short |
| Deribit BNB_USDC-PERPETUAL | +0.0300% | 1h | 791.75 | −0.096% | $1.5M | $143K | 25x | as long as short |
| Reya BNBRUSDPERP | +0.0327% | 1h | 791.49 | −0.129% | $6K | $3K | 40x | as long as short |
| RISEx BNB/USDC | +0.0361% | 1h | 792.09 | −0.053% | $1.1M | $1.0M | 20x | as long as short |
| Bulk BNB-USD | +0.0403% | 1h | 790.49 | −0.255% | $640K | $6K | 10x | as long as short |
| Hibachi BNB/USDT-P | +0.0592% | 1h | 791.77 | −0.093% | $68K | $38K | 12x | as long as short |
Binance BNBUSDT
Kraken Futures PF_BNBUSD
Lighter BNB
Orderly PERP_BNB_USDC
Nado BNB-PERP
Hyperliquid BNB
Pacifica BNB
Bybit BNBUSDT
OKX BNB-USDT-SWAP
Arcus BNB-USD
Gate BNB_USDT
KuCoin BNBUSDTM
Bitget BNBUSDT
Variational Omni BNB
edgeX BNBUSDC
ApeX Omni BNBUSDT
Polymarket Perps BNB-USD
Derive BNB-PERP
SunX BNB-USDT
SoDEX BNB-USD
HTX BNB-USDT
Extended BNB-USD
Aevo BNB-PERP
Phoenix BNB
GRVT BNB_USDT_Perp
Kalshi KXBNBPERP
BloFin BNB-USDT
dYdX BNB-USD
01 Exchange BNBUSD
Deribit BNB_USDC-PERPETUAL
Reya BNBRUSDPERP
RISEx BNB/USDC
Bulk BNB-USD
Hibachi BNB/USDT-P