Settings8H · net · $10k
Funding arb · Price arb /

BNB

all BNB markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.005%
Price spread now: Derive against Paradex−0.150%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropParadex: Active · farm boardneeds both histories
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Derive is 0.150% cheaper against Paradex than usual: you would sell low and buy high, −$15 on $10k if it goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongParadex BNB-USD-PERP799.640.0100pay 0.0100% / 8h4m 36s$78K$19K50x
ShortDerive BNB-PERP798.440.0100get 0.0013% / 1h4m 36s$32K$5K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Derive 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
$0
Price spread: −0.150% → 0.000%
−$15.02
Slippage, 4 orders
no order book: not counted
Fee Paradex: 2 bp × 2 orders
−$4
Fee Derive: 3 bp × 2 orders
−$6
Net
−$25.02
Costs to cover
0.100%
Break-even
never at this rate
Slippage unknown: Paradex: no order-book sample; Derive: no order-book sample. 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 Derive no order-book sample
Paradex and Derive: 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 −0.0201% / S +0.0372%1h798.33−0.164%$47K200xas long as short
Hotstuff BNB-PERP−0.0080%1h799.29−0.044%$4K$1K25xas long as short
Kraken Futures PF_BNBUSD−0.0074%1h798.21−0.179%$2.5M$975K50xas long as short
GRVT BNB_USDT_Perp0.0000%8h798.60−0.130%$3.0M$27.9M10xas long as short
StandX BNB-USD0.0000%1h798.91−0.092%$863K$2.9M30xas long as short
Variational Omni BNB+0.0007%8h797.54−0.263%$4.1M$5.4Mas long as short
gTrade (Gains Network) BNB/USDL +0.0008% / S −0.0007%1h798.36−0.160%$9.7M150xas long as short
BingX BNB-USDC+0.0030%8h799.05−0.074%$13.4Mas long as short
Bybit BNBUSDT+0.0037%8h798.95−0.087%$138.7M$77.0M75xas long as short
Coinbase International BNB-PERP-INTX+0.0072%1h798.14−0.188%$601K$984K50xas long as short
Show all 46 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster BNBUSDT+0.0078%8h799.63−0.002%$6.2M$19.2M200xas long as short
Lighter BNB+0.0096%1h799.33−0.040%$2.8M$4.1M20xas long as short
Phemex BNBUSDT+0.0098%8h798.84−0.101%$69.9M$50.6M50xas long as short
MEXC BNB_USDT+0.0099%8h800.00+0.045%$83.1M$13.6M200xas long as short
Binance BNBUSDT+0.0099%8h799.79+0.018%$497.9M$818.0M75xas long as short
Nado BNB-PERP+0.0100%1h799.00−0.080%$1.4M$2.7M20xas long as short
Pacifica BNB+0.0100%1h799.33−0.039%$1.2M$925K20xas long as short
OKX BNB-USDT-SWAP+0.0100%8h799.00−0.081%$54.3M$112.7M50xas long as short
Arcus BNB-USD+0.0100%1h799.30−0.043%$53K$133K10xas long as short
Gate BNB_USDT+0.0100%8h798.75−0.112%$35.7M$58.7M75xas long as short
KuCoin BNBUSDTM+0.0100%8h798.96−0.086%$28.0M$10.2M75xas long as short
Bitget BNBUSDT+0.0100%8h798.84−0.101%$79.1M$27.5M75xas long as short
edgeX BNBUSDC+0.0100%4h798.64−0.125%$4.1M$76.3M30xas long as short
ApeX Omni BNBUSDT+0.0100%1h799.12−0.066%$161K$437K50xas long as short
Polymarket Perps BNB-USD+0.0100%1h798.25−0.174%$116K$872K10xas long as short
Orderly PERP_BNB_USDC+0.0100%8h798.23−0.177%$386K$494K50xas long as short
Derive BNB-PERPshort+0.0100%1h798.44−0.150%$32K$5K10x
SunX BNB-USDT+0.0100%8h798.79−0.107%$13K$1.7M50xas long as short
SoDEX BNB-USD+0.0100%1h798.50−0.143%$393K$1.0M10xas long as short
Deribit BNB_USDC-PERPETUAL+0.0100%1h798.74−0.113%$1.6M$165K25xas long as short
HTX BNB-USDT+0.0100%8h798.08−0.195%$8.2M$8.1M75xas long as short
Paradex BNB-USD-PERPlong+0.0100%8h799.64long leg$78K$19K50x
Extended BNB-USD+0.0104%1h798.67−0.122%$1.8M$6.6M50xas long as short
Aevo BNB-PERP+0.0104%1h798.45−0.150%$384K$40K10xas long as short
Phoenix BNB+0.0127%1h798.37−0.159%$172K$36K10xas long as short
Kalshi KXBNBPERP+0.0149%8h798.80−0.106%$90K$2.9M4.8xas long as short
Hibachi BNB/USDT-P+0.0152%1h798.02−0.203%$70K$43K12xas long as short
Bulk BNB-USD+0.0191%1h798.83−0.102%$649K$17K10xas long as short
BloFin BNB-USDT+0.0219%8h798.91−0.092%$18.1M$2.5M75xas long as short
Hyperliquid BNB+0.0244%1h799.94+0.037%$52.5M$20.8M10xas long as short
RISEx BNB/USDC+0.0258%1h799.18−0.058%$1.1M$1.4M20xas long as short
01 Exchange BNBUSD+0.0264%1h799.640.000%$28K$1K10xas long as short
Injective BNB/USDC PERP+0.0306%1h805.09+0.681%$19K$789K30xas long as short
dYdX BNB-USD+0.0331%1h798.88−0.096%$161K$63K10xas long as short
Reya BNBRUSDPERP+0.0331%1h797.91−0.217%$6K$3K40xas long as short
Backpack BNB_USDC_PERP+0.0343%1h799.14−0.063%$2.7M$5.7M40xas long as short