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Funding arb · Price arb /

BNB

all BNB markets
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Alert: funding
Measured
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Alert: spread
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding you earn now, next payment 01:00 UTC+0.0200%/8h= +21.9% APRpaid last 24h +0.017%
Price spread now: Deribit against Paradex−0.044%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Long on ParadexShort on Deribit
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)—no history yet
Price spread, last 7 days—no price history on both exchanges yet
Together, before fees—+ Points / potential airdropParadex: Active · farm boardneeds both histories
Funding pays, the price is against you. Deribit is 0.044% cheaper against Paradex than usual: you would sell low and buy high (spread −0.044% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 17 hours of funding at the current rate (+$6 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongParadex BNB-USD-PERP799.390.0100pay 0.0100% / 8h7h 12m$78K$18K50x
ShortDeribit BNB_USDC-PERPETUAL799.040.0300get 0.0037% / 1h12m 08s$1.6M$161K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Deribit against Paradex. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$41.99
Price spread: −0.044% → 0.000%
−$4.35
Slippage, 4 orders
no order book: not counted
Fee Paradex: 2 bp × 2 orders
−$4
Fee Deribit: 3.5 bp × 2 orders
−$7
Net
$26.64
Costs to cover
0.110%
Break-even
2.6 days
Slippage unknown: Paradex: no order-book sample; Deribit: 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
LegHalf-spread$10k$100k$1M$5M
Buy Paradex no order-book sample—————
Sell Deribit live order book, 2 min ago3.94 bp7.4 bp −$713.4 bp −$134doesn't fitdoesn'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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GMX BNB/USD [WBTC.b-USDC]L −0.0159% / S +0.0335%1h798.61−0.097%$47K—200xas long as short
Kraken Futures PF_BNBUSD−0.0121%1h798.59−0.099%$2.5M$1.0M50xas long as short
Hotstuff BNB-PERP−0.0080%1h799.06−0.041%$4K$23925xas long as short
GRVT BNB_USDT_Perp0.0000%8h799.73+0.043%$3.0M$27.9M10xas long as short
StandX BNB-USD0.0000%1h799.92+0.067%$864K$2.9M30xas long as short
Gate BNB_USDT+0.0004%8h798.15−0.155%$35.9M$57.0M75xas long as short
Variational Omni BNB+0.0005%8h798.43−0.120%$4.1M$5.0M—as long as short
BingX BNB-USDC+0.0007%8h798.65−0.092%—$13.3M—as long as short
gTrade (Gains Network) BNB/USDL +0.0008% / S −0.0007%1h798.62−0.095%$9.7M—150xas long as short
Phemex BNBUSDT+0.0025%8h799.10−0.036%$69.8M$50.1M50xas long as short
Show all 46 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective BNB/USDC PERP+0.0033%1h805.09+0.714%$19K$789K30xas long as short
Coinbase International BNB-PERP-INTX+0.0048%1h799.07−0.039%$615K$1.1M50xas long as short
Aster BNBUSDT+0.0052%8h799.15−0.029%$6.1M$19.4M200xas long as short
Bybit BNBUSDT+0.0061%8h798.30−0.136%$138.6M$76.1M75xas long as short
MEXC BNB_USDT+0.0074%8h799.20−0.023%$83.1M$13.7M200xas long as short
Binance BNBUSDT+0.0074%8h798.93−0.057%$496.3M$809.9M75xas long as short
Lighter BNB+0.0096%1h798.79−0.074%$2.8M$4.0M20xas long as short
Phoenix BNB+0.0099%1h800.04+0.082%$172K$36K10xas long as short
Nado BNB-PERP+0.0100%1h798.60−0.098%$1.5M$2.7M20xas long as short
Pacifica BNB+0.0100%1h799.07−0.040%$1.2M$937K20xas long as short
OKX BNB-USDT-SWAP+0.0100%8h798.30−0.136%$54.2M$110.8M50xas long as short
Arcus BNB-USD+0.0100%1h798.90−0.061%$53K$127K10xas long as short
KuCoin BNBUSDTM+0.0100%8h798.40−0.123%$27.9M$10.0M75xas long as short
Bitget BNBUSDT+0.0100%8h798.37−0.127%$78.2M$28.0M75xas long as short
edgeX BNBUSDC+0.0100%4h799.52+0.017%$4.2M$76.9M30xas long as short
ApeX Omni BNBUSDT+0.0100%1h799.37−0.002%$161K$435K50xas long as short
Polymarket Perps BNB-USD+0.0100%1h798.64−0.093%$113K$884K10xas long as short
Orderly PERP_BNB_USDC+0.0100%8h798.56−0.103%$386K$459K50xas long as short
Derive BNB-PERP+0.0100%1h798.69−0.087%$32K$5K10xas long as short
SunX BNB-USDT+0.0100%8h799.17−0.027%$13K$1.6M50xas long as short
SoDEX BNB-USD+0.0100%1h798.70−0.086%$393K$996K10xas long as short
HTX BNB-USDT+0.0100%8h798.49−0.112%$8.2M$8.3M75xas long as short
Paradex BNB-USD-PERPlong+0.0100%8h799.39long leg$78K$18K50x
Extended BNB-USD+0.0104%1h798.22−0.146%$1.8M$6.0M50xas long as short
Aevo BNB-PERP+0.0104%1h798.64−0.093%$384K$110K10xas long as short
Bulk BNB-USD+0.0138%1h797.80−0.198%$648K$10K10xas long as short
RISEx BNB/USDC+0.0155%1h798.73−0.082%$1.1M$1.4M20xas long as short
Kalshi KXBNBPERP+0.0162%8h799.20−0.023%$90K$2.8M4.8xas long as short
dYdX BNB-USD+0.0191%1h799.16−0.028%$161K$63K10xas long as short
BloFin BNB-USDT+0.0194%8h799.67+0.036%$18.1M$2.5M75xas long as short
01 Exchange BNBUSD+0.0200%1h799.04−0.043%$28K$1K10xas long as short
Hyperliquid BNB+0.0289%1h799.14−0.031%$53.1M$20.3M10xas long as short
Deribit BNB_USDC-PERPETUALshort+0.0300%1h799.04−0.044%$1.6M$161K25x
Hibachi BNB/USDT-P+0.0312%1h799.36−0.004%$68K$38K12xas long as short
Reya BNBRUSDPERP+0.0330%1h798.21−0.147%$6K$3K40xas long as short
Backpack BNB_USDC_PERP+0.0429%1h799.22−0.021%$2.7M$5.7M40xas long as short