Funding you earn now, next payment 23:00 UTC−0.0039%/8h= −4.2% APRpaid last 24h −0.008%
Price spread now: Orderly against SoDEX−0.031%7-day average +0.013% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)−0.015%−$1 on $10k
+Price spread, last 3 days (all we have)+0.043%+$4 · spread now −0.031%, 7d avg +0.013%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Orderly is 0.045% cheaper against SoDEX than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.013%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | SoDEX BNB-USD | 801.10 | 0.0139 | pay 0.0017% / 1h | 30m 32s | $394K | $1.0M | 10x |
| Short | Orderly PERP_BNB_USDC | 800.85 | 0.0100 | get 0.0100% / 8h | 1h 30m | $387K | $592K | 50x |
SoDEX BNB-USD
Orderly PERP_BNB_USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly against SoDEX. 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
- −$8.1
- Price spread: −0.031% → +0.013%
- −$4.45
- Slippage, 4 orders
- no order book: not counted
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- −$26.55
- Costs to cover
- 0.140%
- Break-even
- never at this rate
Slippage unknown: SoDEX: 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 SoDEX live order book, 3 min ago | 0.62 bp | 4.6 bp −$5 | 8.7 bp −$87 | 77.9 bp −$7,795 | 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 −0.0201% / S +0.0372% | 1h | 801.16 | +0.007% | $48K | — | 200x | as long as short |
| Hotstuff BNB-PERP | −0.0080% | 1h | 801.22 | +0.015% | $4K | $1K | 25x | as long as short |
| GRVT BNB_USDT_Perp | 0.0000% | 8h | 805.39 | +0.535% | $3.0M | $29.1M | 10x | as long as short |
| Kalshi KXBNBPERP | 0.0000% | 8h | 801.90 | +0.100% | $158K | $2.8M | 4.8x | as long as short |
| StandX BNB-USD | 0.0000% | 1h | 802.20 | +0.137% | $867K | $2.8M | 30x | as long as short |
| gTrade (Gains Network) BNB/USD | L +0.0008% / S −0.0007% | 1h | 801.15 | +0.006% | $9.7M | — | 150x | as long as short |
| Variational Omni BNB | +0.0041% | 8h | 805.56 | +0.556% | $4.1M | $5.3M | — | as long as short |
| BingX BNB-USDT | +0.0067% | 8h | 800.83 | −0.034% | — | $35.0M | — | as long as short |
| Bybit BNBUSDT | +0.0081% | 8h | 800.42 | −0.085% | $139.5M | $83.0M | 75x | as long as short |
| Lighter BNB | +0.0096% | 1h | 801.01 | −0.011% | $2.8M | $4.2M | 20x | as long as short |
GMX BNB/USD [WBTC.b-USDC]
Hotstuff BNB-PERP
GRVT BNB_USDT_Perp
Kalshi KXBNBPERP
StandX BNB-USD
gTrade (Gains Network) BNB/USD
Variational Omni BNB
BingX BNB-USDT
Bybit BNBUSDT
Lighter BNBShow all 46 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International BNB-PERP-INTX | +0.0096% | 1h | 801.19 | +0.011% | $610K | $1.0M | 50x | as long as short |
| Aster BNBUSDT | +0.0099% | 8h | 801.19 | +0.011% | $6.4M | $19.3M | 200x | as long as short |
| Nado BNB-PERP | +0.0100% | 1h | 800.51 | −0.073% | $1.4M | $2.8M | 20x | as long as short |
| Pacifica BNB | +0.0100% | 1h | 800.91 | −0.024% | $1.2M | $923K | 20x | as long as short |
| OKX BNB-USDT-SWAP | +0.0100% | 8h | 800.70 | −0.050% | $54.9M | $117.3M | 50x | as long as short |
| Arcus BNB-USD | +0.0100% | 1h | 801.20 | +0.012% | $53K | $170K | 10x | as long as short |
| Gate BNB_USDT | +0.0100% | 8h | 800.60 | −0.062% | $35.8M | $58.1M | 75x | as long as short |
| KuCoin BNBUSDTM | +0.0100% | 8h | 800.59 | −0.064% | $28.0M | $10.6M | 75x | as long as short |
| Bitget BNBUSDT | +0.0100% | 8h | 800.59 | −0.064% | $81.0M | $26.8M | 75x | as long as short |
| edgeX BNBUSDC | +0.0100% | 4h | 802.78 | +0.210% | $4.2M | $77.4M | 30x | as long as short |
| ApeX Omni BNBUSDT | +0.0100% | 1h | 802.46 | +0.170% | $161K | $441K | 50x | as long as short |
| Polymarket Perps BNB-USD | +0.0100% | 1h | 800.75 | −0.044% | $121K | $880K | 10x | as long as short |
| Orderly PERP_BNB_USDCshort | +0.0100% | 8h | 800.85 | −0.031% | $387K | $592K | 50x | |
| Derive BNB-PERP | +0.0100% | 1h | 801.16 | +0.007% | $32K | $5K | 10x | as long as short |
| SunX BNB-USDT | +0.0100% | 8h | 801.87 | +0.096% | $11K | $1.7M | 50x | as long as short |
| HTX BNB-USDT | +0.0100% | 8h | 801.56 | +0.057% | $8.2M | $7.9M | 75x | as long as short |
| Paradex BNB-USD-PERP | +0.0100% | 8h | 801.52 | +0.052% | $78K | $19K | 50x | as long as short |
| Extended BNB-USD | +0.0104% | 1h | 800.50 | −0.075% | $1.8M | $6.1M | 50x | as long as short |
| Aevo BNB-PERP | +0.0104% | 1h | 801.21 | +0.013% | $385K | $40K | 10x | as long as short |
| MEXC BNB_USDT | +0.0118% | 8h | 801.80 | +0.087% | $83.3M | $13.8M | 200x | as long as short |
| Binance BNBUSDT | +0.0119% | 8h | 801.42 | +0.040% | $516.9M | $829.1M | 75x | as long as short |
| Phemex BNBUSDT | +0.0129% | 8h | 801.43 | +0.041% | $70.0M | $51.7M | 50x | as long as short |
| SoDEX BNB-USDlong | +0.0139% | 1h | 801.10 | long leg | $394K | $1.0M | 10x | |
| Hibachi BNB/USDT-P | +0.0144% | 1h | 801.75 | +0.081% | $71K | $48K | 12x | as long as short |
| Phoenix BNB | +0.0155% | 1h | 804.78 | +0.459% | $173K | $35K | 10x | as long as short |
| dYdX BNB-USD | +0.0167% | 1h | 800.67 | −0.054% | $161K | $62K | 10x | as long as short |
| Deribit BNB_USDC-PERPETUAL | +0.0200% | 1h | 801.34 | +0.030% | $1.6M | $165K | 25x | as long as short |
| Kraken Futures PF_BNBUSD | +0.0207% | 1h | 800.73 | −0.046% | $2.6M | $983K | 50x | as long as short |
| BloFin BNB-USDT | +0.0239% | 8h | 801.60 | +0.062% | $18.8M | $2.6M | 75x | as long as short |
| Hyperliquid BNB | +0.0264% | 1h | 801.71 | +0.076% | $51.9M | $22.2M | 10x | as long as short |
| Injective BNB/USDC PERP | +0.0311% | 1h | 805.09 | +0.498% | $19K | $789K | 30x | as long as short |
| RISEx BNB/USDC | +0.0318% | 1h | 800.97 | −0.017% | $1.1M | $1.4M | 20x | as long as short |
| Reya BNBRUSDPERP | +0.0333% | 1h | 800.60 | −0.063% | $6K | $3K | 40x | as long as short |
| 01 Exchange BNBUSD | +0.0336% | 1h | 801.54 | +0.055% | $28K | $1K | 10x | as long as short |
| Bulk BNB-USD | +0.0354% | 1h | 801.59 | +0.061% | $651K | $21K | 10x | as long as short |
| Backpack BNB_USDC_PERP | +0.0669% | 1h | 801.73 | +0.079% | $3.0M | $5.5M | 40x | as long as short |
Coinbase International BNB-PERP-INTX
Aster BNBUSDT
Nado BNB-PERP
Pacifica BNB
OKX BNB-USDT-SWAP
Arcus BNB-USD
Gate BNB_USDT
KuCoin BNBUSDTM
Bitget BNBUSDT
edgeX BNBUSDC
ApeX Omni BNBUSDT
Polymarket Perps BNB-USD
Derive BNB-PERP
SunX BNB-USDT
HTX BNB-USDT
Paradex BNB-USD-PERP
Extended BNB-USD
Aevo BNB-PERP
MEXC BNB_USDT
Binance BNBUSDT
Phemex BNBUSDT
Hibachi BNB/USDT-P
Phoenix BNB
dYdX BNB-USD
Deribit BNB_USDC-PERPETUAL
Kraken Futures PF_BNBUSD
BloFin BNB-USDT
Hyperliquid BNB
Injective BNB/USDC PERP
RISEx BNB/USDC
Reya BNBRUSDPERP
01 Exchange BNBUSD
Bulk BNB-USD
Backpack BNB_USDC_PERP