Funding you earn now, next payment 05:00 UTC−0.0331%/8h= −36.3% APRpaid last 24h −0.025%
Price spread now: Orderly against RISEx−0.029%7-day average +0.008% · 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)−0.113%−$11 on $10k
+Price spread, last 4 days (all we have)−0.052%−$5 · spread now −0.029%, 7d avg +0.008%
=Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and Orderly is 0.037% cheaper against RISEx than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.008%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.113% in total (about -11.4% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | RISEx BNB/USDC | 787.31 | 0.0431 | pay 0.0054% / 1h | 1m 06s | $1.1M | $907K | 20x |
| Short | Orderly PERP_BNB_USDC | 787.08 | 0.0100 | get 0.0100% / 8h | 3h 01m | $265K | $491K | 50x |
RISEx BNB/USDC
Orderly PERP_BNB_USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly against RISEx. 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
- −$69.59
- Price spread: −0.029% → +0.008%
- −$3.71
- Slippage, 4 orders
- no order book: not counted
- Fee RISEx: 3 bp × 2 orders
- −$6
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- −$85.3
- Costs to cover
- 0.120%
- Break-even
- never at this rate
Slippage unknown: RISEx: live order book, 3 min ago; Orderly: 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| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy RISEx live order book, 3 min ago | 1.59 bp | 4.6 bp −$5 | 8.5 bp −$85 | doesn't fit | doesn't fit |
| Sell Orderly no order-book sample | — | — | — | — | — |
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 −0.0192% / S +0.0356% | 1h | 787.00 | −0.040% | $46K | — | 200x | as long as short |
| Kraken Futures PF_BNBUSD | −0.0124% | 1h | 786.99 | −0.040% | $2.5M | $1.2M | 50x | as long as short |
| Hotstuff BNB-PERP | −0.0080% | 1h | 787.31 | 0.000% | $4K | $42 | 25x | as long as short |
| Kalshi KXBNBPERP | 0.0000% | 8h | 787.60 | +0.037% | $122K | $2.7M | 4.8x | as long as short |
| StandX BNB-USD | 0.0000% | 1h | 787.31 | 0.000% | $849K | $3.1M | 30x | as long as short |
| gTrade (Gains Network) BNB/USD | L +0.0007% / S −0.0007% | 1h | 787.00 | −0.039% | $9.5M | — | 150x | as long as short |
| Aster BNBUSDT | +0.0023% | 8h | 787.53 | +0.028% | $6.1M | $19.1M | 200x | as long as short |
| BingX BNB-USDT | +0.0033% | 8h | 787.18 | −0.017% | — | $22.3M | — | as long as short |
| Injective BNB/USDC PERP | +0.0033% | 1h | 805.09 | +2.258% | $19K | $789K | 30x | as long as short |
| MEXC BNB_USDT | +0.0044% | 8h | 788.10 | +0.100% | $79.9M | $12.1M | 200x | as long as short |
GMX BNB/USD [WBTC.b-USDC]
Kraken Futures PF_BNBUSD
Hotstuff BNB-PERP
Kalshi KXBNBPERP
StandX BNB-USD
gTrade (Gains Network) BNB/USD
Aster BNBUSDT
BingX BNB-USDT
Injective BNB/USDC PERP
MEXC BNB_USDTShow all 46 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance BNBUSDT | +0.0044% | 8h | 787.55 | +0.030% | $490.2M | $804.4M | 75x | as long as short |
| Phemex BNBUSDT | +0.0051% | 8h | 787.62 | +0.039% | $68.9M | $50.7M | 50x | as long as short |
| Coinbase International BNB-PERP-INTX | +0.0072% | 1h | 787.21 | −0.013% | $579K | $1.9M | 50x | as long as short |
| dYdX BNB-USD | +0.0077% | 1h | 786.57 | −0.094% | $159K | $61K | 10x | as long as short |
| Phoenix BNB | +0.0092% | 1h | 787.26 | −0.006% | $169K | $35K | 10x | as long as short |
| Lighter BNB | +0.0096% | 1h | 787.19 | −0.015% | $2.7M | $3.9M | 20x | as long as short |
| Orderly PERP_BNB_USDCshort | +0.0100% | 8h | 787.08 | −0.029% | $265K | $491K | 50x | |
| Nado BNB-PERP | +0.0100% | 1h | 786.55 | −0.097% | $1.5M | $2.6M | 20x | as long as short |
| Hyperliquid BNB | +0.0100% | 1h | 787.72 | +0.052% | $51.7M | $17.5M | 10x | as long as short |
| Pacifica BNB | +0.0100% | 1h | 787.11 | −0.025% | $1.2M | $934K | 20x | as long as short |
| Bybit BNBUSDT | +0.0100% | 8h | 786.90 | −0.052% | $138.3M | $74.1M | 75x | as long as short |
| OKX BNB-USDT-SWAP | +0.0100% | 8h | 786.70 | −0.077% | $53.5M | $111.5M | 50x | as long as short |
| Arcus BNB-USD | +0.0100% | 1h | 787.20 | −0.014% | $52K | $133K | 10x | as long as short |
| Gate BNB_USDT | +0.0100% | 8h | 786.95 | −0.046% | $36.2M | $58.5M | 75x | as long as short |
| KuCoin BNBUSDTM | +0.0100% | 8h | 786.90 | −0.052% | $27.6M | $10.3M | 75x | as long as short |
| Bitget BNBUSDT | +0.0100% | 8h | 786.56 | −0.095% | $76.1M | $30.7M | 75x | as long as short |
| Backpack BNB_USDC_PERP | +0.0100% | 1h | 787.45 | +0.018% | $2.2M | $6.1M | 40x | as long as short |
| Variational Omni BNB | +0.0100% | 8h | 786.81 | −0.063% | $4.1M | $4.6M | — | as long as short |
| edgeX BNBUSDC | +0.0100% | 4h | 787.45 | +0.018% | $4.1M | $74.5M | 30x | as long as short |
| ApeX Omni BNBUSDT | +0.0100% | 1h | 787.41 | +0.013% | $158K | $437K | 50x | as long as short |
| Polymarket Perps BNB-USD | +0.0100% | 1h | 786.99 | −0.041% | $132K | $956K | 10x | as long as short |
| Derive BNB-PERP | +0.0100% | 1h | 787.14 | −0.021% | $31K | $12K | 10x | as long as short |
| SunX BNB-USDT | +0.0100% | 8h | 787.77 | +0.058% | $12K | $1.5M | 50x | as long as short |
| SoDEX BNB-USD | +0.0100% | 1h | 787.20 | −0.014% | $387K | $1.0M | 10x | as long as short |
| HTX BNB-USDT | +0.0100% | 8h | 786.86 | −0.058% | $8.1M | $9.7M | 75x | as long as short |
| Paradex BNB-USD-PERP | +0.0100% | 8h | 787.23 | −0.010% | $76K | $17K | 50x | as long as short |
| Extended BNB-USD | +0.0104% | 1h | 786.74 | −0.072% | $1.8M | $6.3M | 50x | as long as short |
| Aevo BNB-PERP | +0.0104% | 1h | 787.28 | −0.004% | $378K | $110K | 10x | as long as short |
| BloFin BNB-USDT | +0.0164% | 8h | 787.75 | +0.056% | $17.7M | $2.2M | 75x | as long as short |
| GRVT BNB_USDT_Perp | +0.0185% | 8h | 787.96 | +0.083% | $2.9M | $28.9M | 10x | as long as short |
| Bulk BNB-USD | +0.0223% | 1h | 788.23 | +0.117% | $639K | $10K | 10x | as long as short |
| 01 Exchange BNBUSD | +0.0248% | 1h | 787.77 | +0.058% | $28K | $4K | 10x | as long as short |
| Reya BNBRUSDPERP | +0.0324% | 1h | 786.80 | −0.064% | $6K | $3K | 40x | as long as short |
| Deribit BNB_USDC-PERPETUAL | +0.0400% | 1h | 787.54 | +0.030% | $1.5M | $143K | 25x | as long as short |
| RISEx BNB/USDClong | +0.0431% | 1h | 787.31 | long leg | $1.1M | $907K | 20x | |
| Hibachi BNB/USDT-P | +0.0440% | 1h | 786.89 | −0.053% | $67K | $39K | 12x | as long as short |
Binance BNBUSDT
Phemex BNBUSDT
Coinbase International BNB-PERP-INTX
dYdX BNB-USD
Phoenix BNB
Lighter BNB
Nado BNB-PERP
Hyperliquid BNB
Pacifica BNB
Bybit BNBUSDT
OKX BNB-USDT-SWAP
Arcus BNB-USD
Gate BNB_USDT
KuCoin BNBUSDTM
Bitget BNBUSDT
Backpack BNB_USDC_PERP
Variational Omni BNB
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
BloFin BNB-USDT
GRVT BNB_USDT_Perp
Bulk BNB-USD
01 Exchange BNBUSD
Reya BNBRUSDPERP
Deribit BNB_USDC-PERPETUAL
Hibachi BNB/USDT-P