Funding you earn now, next payment 22:00 UTC−0.0196%/8h= −21.5% APRnext payment −$0.24 per $10,000 · paid last 24h −0.071%
Price spread now: Derive against 01 Exchange−0.041%7-day average — · 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)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Derive is 0.041% cheaper against 01 Exchange than usual: you would sell low and buy high (−$4 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 | 01 Exchange BNBUSD | 804.40 | 0.0296 | pay 0.0037% / 1h | 57m 06s | $28K | $1K | 10x |
| Short | Derive BNB-PERP | 804.07 | 0.0100 | get 0.0013% / 1h | 57m 06s | $32K | $5K | 10x |
01 Exchange BNBUSD
Derive BNB-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Derive against 01 Exchange. 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
- −$41.16
- Price spread: −0.041% → 0.000%
- −$4.09
- Slippage, 4 orders
- no order book: not counted
- Fee 01 Exchange: 3.5 bp × 2 orders
- −$7
- Fee Derive: 3 bp × 2 orders
- −$6
- Net
- −$58.25
- Costs to cover
- 0.130%
- Break-even
- never at this rate
Slippage unknown: 01 Exchange: 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| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy 01 Exchange no order-book sample | — | — | — | — | — |
| Sell Derive no order-book sample | — | — | — | — | — |
01 Exchange 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.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GMX BNB/USD [WBTC.b-USDC] | L −0.0195% / S +0.0371% | 1h | 803.78 | −0.077% | $48K | — | 200x | as long as short |
| Hotstuff BNB-PERP | −0.0080% | 1h | 804.90 | +0.062% | $4K | $1K | 25x | as long as short |
| GRVT BNB_USDT_Perp | 0.0000% | 8h | 805.27 | +0.108% | $3.0M | $30.4M | 10x | as long as short |
| Kalshi KXBNBPERP | 0.0000% | 8h | 804.00 | −0.050% | $109K | $2.6M | 4.8x | as long as short |
| StandX BNB-USD | 0.0000% | 1h | 804.53 | +0.016% | $870K | $3.0M | 30x | as long as short |
| gTrade (Gains Network) BNB/USD | L +0.0008% / S −0.0007% | 1h | 803.83 | −0.071% | $9.8M | — | 150x | as long as short |
| Kraken Futures PF_BNBUSD | +0.0038% | 1h | 803.88 | −0.065% | $2.5M | $916K | 50x | as long as short |
| Variational Omni BNB | +0.0067% | 8h | 804.96 | +0.070% | $4.1M | $5.4M | — | as long as short |
| Coinbase International BNB-PERP-INTX | +0.0088% | 1h | 805.24 | +0.104% | $609K | $900K | 50x | as long as short |
| Aster BNBUSDT | +0.0089% | 8h | 804.41 | +0.001% | $6.4M | $19.0M | 200x | 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
Kraken Futures PF_BNBUSD
Variational Omni BNB
Coinbase International BNB-PERP-INTX
Aster BNBUSDTShow all 46 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter BNB | +0.0096% | 1h | 804.01 | −0.048% | $2.8M | $4.2M | 20x | as long as short |
| Nado BNB-PERP | +0.0100% | 1h | 803.50 | −0.112% | $1.4M | $2.8M | 20x | as long as short |
| Pacifica BNB | +0.0100% | 1h | 803.93 | −0.058% | $1.2M | $923K | 20x | as long as short |
| Bybit BNBUSDT | +0.0100% | 8h | 803.51 | −0.111% | $139.1M | $83.3M | 75x | as long as short |
| OKX BNB-USDT-SWAP | +0.0100% | 8h | 803.70 | −0.087% | $55.0M | $115.7M | 50x | as long as short |
| Arcus BNB-USD | +0.0100% | 1h | 803.90 | −0.062% | $52K | $191K | 10x | as long as short |
| Gate BNB_USDT | +0.0100% | 8h | 803.65 | −0.093% | $36.0M | $58.1M | 75x | as long as short |
| KuCoin BNBUSDTM | +0.0100% | 8h | 803.69 | −0.088% | $28.1M | $10.5M | 75x | as long as short |
| Bitget BNBUSDT | +0.0100% | 8h | 803.58 | −0.102% | $79.1M | $24.6M | 75x | as long as short |
| edgeX BNBUSDC | +0.0100% | 4h | 805.56 | +0.145% | $4.2M | $76.6M | 30x | as long as short |
| ApeX Omni BNBUSDT | +0.0100% | 1h | 805.39 | +0.123% | $159K | $437K | 50x | as long as short |
| Polymarket Perps BNB-USD | +0.0100% | 1h | 803.85 | −0.068% | $118K | $869K | 10x | as long as short |
| Orderly PERP_BNB_USDC | +0.0100% | 8h | 803.90 | −0.062% | $388K | $595K | 50x | as long as short |
| Derive BNB-PERPshort | +0.0100% | 1h | 804.07 | −0.041% | $32K | $5K | 10x | |
| SunX BNB-USDT | +0.0100% | 8h | 804.12 | −0.035% | $13K | $1.7M | 50x | as long as short |
| SoDEX BNB-USD | +0.0100% | 1h | 803.90 | −0.062% | $395K | $1.0M | 10x | as long as short |
| HTX BNB-USDT | +0.0100% | 8h | 803.94 | −0.057% | $8.2M | $7.3M | 75x | as long as short |
| Paradex BNB-USD-PERP | +0.0100% | 8h | 804.26 | −0.017% | $78K | $19K | 50x | as long as short |
| MEXC BNB_USDT | +0.0102% | 8h | 805.00 | +0.075% | $84.5M | $13.5M | 200x | as long as short |
| BingX BNB-USDT | +0.0102% | 8h | 803.83 | −0.071% | — | $34.5M | — | as long as short |
| Binance BNBUSDT | +0.0102% | 8h | 804.55 | +0.018% | $519.1M | $809.6M | 75x | as long as short |
| Extended BNB-USD | +0.0104% | 1h | 803.59 | −0.101% | $1.9M | $6.1M | 50x | as long as short |
| Aevo BNB-PERP | +0.0104% | 1h | 804.06 | −0.043% | $386K | $40K | 10x | as long as short |
| Phoenix BNB | +0.0110% | 1h | 805.11 | +0.088% | $173K | $35K | 10x | as long as short |
| Phemex BNBUSDT | +0.0114% | 8h | 804.46 | +0.007% | $70.2M | $51.7M | 50x | as long as short |
| Bulk BNB-USD | +0.0140% | 1h | 805.09 | +0.085% | $650K | $11K | 10x | as long as short |
| Deribit BNB_USDC-PERPETUAL | +0.0200% | 1h | 804.37 | −0.003% | $1.6M | $161K | 25x | as long as short |
| dYdX BNB-USD | +0.0208% | 1h | 803.90 | −0.062% | $170K | $55K | 10x | as long as short |
| RISEx BNB/USDC | +0.0209% | 1h | 804.07 | −0.042% | $1.1M | $1.4M | 20x | as long as short |
| Hyperliquid BNB | +0.0211% | 1h | 804.55 | +0.019% | $51.7M | $21.3M | 10x | as long as short |
| BloFin BNB-USDT | +0.0222% | 8h | 804.51 | +0.014% | $18.9M | $3.0M | 75x | as long as short |
| Hibachi BNB/USDT-P | +0.0240% | 1h | 804.46 | +0.008% | $71K | $49K | 12x | as long as short |
| 01 Exchange BNBUSDlong | +0.0296% | 1h | 804.40 | long leg | $28K | $1K | 10x | |
| Reya BNBRUSDPERP | +0.0335% | 1h | 803.64 | −0.094% | $6K | $3K | 40x | as long as short |
| Injective BNB/USDC PERP | +0.0353% | 1h | 804.92 | +0.065% | $19K | $526K | 30x | as long as short |
| Backpack BNB_USDC_PERP | +0.0647% | 1h | 805.00 | +0.075% | $3.0M | $5.3M | 40x | as long as short |
Lighter BNB
Nado BNB-PERP
Pacifica BNB
Bybit BNBUSDT
OKX BNB-USDT-SWAP
Arcus BNB-USD
Gate BNB_USDT
KuCoin BNBUSDTM
Bitget BNBUSDT
edgeX BNBUSDC
ApeX Omni BNBUSDT
Polymarket Perps BNB-USD
Orderly PERP_BNB_USDC
SunX BNB-USDT
SoDEX BNB-USD
HTX BNB-USDT
Paradex BNB-USD-PERP
MEXC BNB_USDT
BingX BNB-USDT
Binance BNBUSDT
Extended BNB-USD
Aevo BNB-PERP
Phoenix BNB
Phemex BNBUSDT
Bulk BNB-USD
Deribit BNB_USDC-PERPETUAL
dYdX BNB-USD
RISEx BNB/USDC
Hyperliquid BNB
BloFin BNB-USDT
Hibachi BNB/USDT-P
Reya BNBRUSDPERP
Injective BNB/USDC PERP
Backpack BNB_USDC_PERP