Funding you earn now, next payment 08:00 UTC−0.0098%/8h= −10.8% APRnext payment −$0.98 per $10,000 · paid last 24h −0.004%
Price spread now: Phemex against Paradex−0.060%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
=Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Phemex is 0.060% cheaper against Paradex than usual: you would sell low and buy high (−$6 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Paradex BNB-USD-PERP | 799.45 | 0.0100 | pay 0.0100% / 8h | 7h 09m | $78K | $18K | 50x |
| Short | Phemex BNBUSDT | 798.97 | 0.0002 | get 0.0002% / 8h | 7h 09m | $69.8M | $50.1M | 50x |
Paradex BNB-USD-PERP
Phemex BNBUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex 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
- −$20.62
- Price spread: −0.060% → 0.000%
- −$5.96
- Slippage, 4 orders
- no order book: not counted
- Fee Paradex: 2 bp × 2 orders
- −$4
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$42.59
- Costs to cover
- 0.160%
- Break-even
- never at this rate
Slippage unknown: Paradex: no order-book sample; Phemex: live order book, 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 Paradex no order-book sample | — | — | — | — | — |
| Sell Phemex live order book, 5 min ago | 0.88 bp | 7.2 bp −$7 | 8.5 bp −$85 | 12.6 bp −$1,260 | 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 −0.0159% / S +0.0335% | 1h | 798.71 | −0.092% | $47K | — | 200x | as long as short |
| Kraken Futures PF_BNBUSD | −0.0121% | 1h | 798.26 | −0.149% | $2.5M | $1.0M | 50x | as long as short |
| Hotstuff BNB-PERP | −0.0080% | 1h | 799.16 | −0.036% | $4K | $239 | 25x | as long as short |
| GRVT BNB_USDT_Perp | 0.0000% | 8h | 799.74 | +0.036% | $3.0M | $27.9M | 10x | as long as short |
| StandX BNB-USD | 0.0000% | 1h | 799.03 | −0.052% | $863K | $2.9M | 30x | as long as short |
| Phemex BNBUSDTshort | +0.0002% | 8h | 798.97 | −0.060% | $69.8M | $50.1M | 50x | |
| Gate BNB_USDT | +0.0005% | 8h | 798.20 | −0.156% | $35.9M | $57.0M | 75x | as long as short |
| Variational Omni BNB | +0.0008% | 8h | 797.92 | −0.191% | $4.1M | $5.1M | — | as long as short |
| gTrade (Gains Network) BNB/USD | L +0.0008% / S −0.0007% | 1h | 798.33 | −0.139% | $9.7M | — | 150x | as long as short |
| Injective BNB/USDC PERP | +0.0033% | 1h | 805.09 | +0.706% | $19K | $789K | 30x | 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
gTrade (Gains Network) BNB/USD
Injective BNB/USDC PERPShow all 46 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX BNB-USDT | +0.0035% | 8h | 798.60 | −0.106% | — | $35.0M | — | as long as short |
| Coinbase International BNB-PERP-INTX | +0.0048% | 1h | 799.07 | −0.047% | $615K | $1.1M | 50x | as long as short |
| Aster BNBUSDT | +0.0049% | 8h | 799.17 | −0.035% | $6.1M | $19.4M | 200x | as long as short |
| Bybit BNBUSDT | +0.0072% | 8h | 798.30 | −0.143% | $138.6M | $76.0M | 75x | as long as short |
| MEXC BNB_USDT | +0.0072% | 8h | 799.50 | +0.007% | $83.1M | $13.7M | 200x | as long as short |
| Binance BNBUSDT | +0.0072% | 8h | 798.91 | −0.067% | $496.3M | $808.5M | 75x | as long as short |
| Lighter BNB | +0.0096% | 1h | 798.84 | −0.076% | $2.8M | $4.0M | 20x | as long as short |
| Phoenix BNB | +0.0099% | 1h | 799.02 | −0.053% | $172K | $36K | 10x | as long as short |
| Nado BNB-PERP | +0.0100% | 1h | 798.40 | −0.131% | $1.5M | $2.7M | 20x | as long as short |
| Pacifica BNB | +0.0100% | 1h | 798.93 | −0.065% | $1.2M | $930K | 20x | as long as short |
| OKX BNB-USDT-SWAP | +0.0100% | 8h | 798.30 | −0.143% | $54.2M | $110.6M | 50x | as long as short |
| Arcus BNB-USD | +0.0100% | 1h | 799.10 | −0.043% | $53K | $127K | 10x | as long as short |
| KuCoin BNBUSDTM | +0.0100% | 8h | 798.43 | −0.127% | $27.9M | $10.0M | 75x | as long as short |
| Bitget BNBUSDT | +0.0100% | 8h | 798.24 | −0.151% | $78.2M | $28.0M | 75x | as long as short |
| edgeX BNBUSDC | +0.0100% | 4h | 798.74 | −0.088% | $4.1M | $75.9M | 30x | as long as short |
| ApeX Omni BNBUSDT | +0.0100% | 1h | 798.57 | −0.110% | $161K | $436K | 50x | as long as short |
| Polymarket Perps BNB-USD | +0.0100% | 1h | 798.58 | −0.108% | $113K | $884K | 10x | as long as short |
| Orderly PERP_BNB_USDC | +0.0100% | 8h | 798.33 | −0.140% | $386K | $459K | 50x | as long as short |
| Derive BNB-PERP | +0.0100% | 1h | 798.74 | −0.089% | $32K | $5K | 10x | as long as short |
| SunX BNB-USDT | +0.0100% | 8h | 799.36 | −0.011% | $13K | $1.6M | 50x | as long as short |
| SoDEX BNB-USD | +0.0100% | 1h | 798.50 | −0.118% | $393K | $996K | 10x | as long as short |
| HTX BNB-USDT | +0.0100% | 8h | 798.40 | −0.131% | $8.2M | $8.3M | 75x | as long as short |
| Paradex BNB-USD-PERPlong | +0.0100% | 8h | 799.45 | long leg | $78K | $18K | 50x | |
| Extended BNB-USD | +0.0104% | 1h | 798.52 | −0.116% | $1.8M | $6.0M | 50x | as long as short |
| Aevo BNB-PERP | +0.0104% | 1h | 798.57 | −0.109% | $384K | $110K | 10x | as long as short |
| Bulk BNB-USD | +0.0138% | 1h | 797.80 | −0.206% | $648K | $10K | 10x | as long as short |
| RISEx BNB/USDC | +0.0155% | 1h | 798.93 | −0.065% | $1.1M | $1.4M | 20x | as long as short |
| Kalshi KXBNBPERP | +0.0162% | 8h | 798.60 | −0.106% | $90K | $2.8M | 4.8x | as long as short |
| dYdX BNB-USD | +0.0191% | 1h | 798.50 | −0.118% | $161K | $63K | 10x | as long as short |
| BloFin BNB-USDT | +0.0193% | 8h | 798.69 | −0.095% | $18.1M | $2.5M | 75x | as long as short |
| 01 Exchange BNBUSD | +0.0200% | 1h | 798.99 | −0.057% | $28K | $1K | 10x | as long as short |
| Hyperliquid BNB | +0.0287% | 1h | 799.35 | −0.012% | $53.1M | $20.1M | 10x | as long as short |
| Deribit BNB_USDC-PERPETUAL | +0.0300% | 1h | 799.04 | −0.050% | $1.6M | $161K | 25x | as long as short |
| Hibachi BNB/USDT-P | +0.0328% | 1h | 798.97 | −0.060% | $68K | $38K | 12x | as long as short |
| Reya BNBRUSDPERP | +0.0330% | 1h | 798.21 | −0.155% | $6K | $3K | 40x | as long as short |
| Backpack BNB_USDC_PERP | +0.0430% | 1h | 799.38 | −0.008% | $2.7M | $5.7M | 40x | as long as short |
BingX BNB-USDT
Coinbase International BNB-PERP-INTX
Aster BNBUSDT
Bybit BNBUSDT
MEXC BNB_USDT
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
Orderly PERP_BNB_USDC
Derive BNB-PERP
SunX BNB-USDT
SoDEX BNB-USD
HTX BNB-USDT
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