Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.010%
Price spread now: Derive against Arcus−0.047%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
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Derive is 0.047% cheaper against Arcus than usual: you would sell low and buy high, −$5 on $10k if it goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Arcus BNB-USD | 798.90 | 0.0100 | pay 0.0013% / 1h | 35m 03s | $53K | $133K | 10x |
| Short | Derive BNB-PERP | 798.52 | 0.0100 | get 0.0013% / 1h | 35m 03s | $32K | $5K | 10x |
Arcus BNB-USD
Derive BNB-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Derive against Arcus. 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
- $0
- Price spread: −0.047% → 0.000%
- −$4.72
- Slippage, 4 orders
- no order book: not counted
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Fee Derive: 3 bp × 2 orders
- −$6
- Net
- −$15.22
- Costs to cover
- 0.105%
- Break-even
- never at this rate
Slippage unknown: Arcus: live order book, 38 min ago; 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 Arcus live order book, 38 min ago | 6.26 bp | 9.7 bp −$10 | 25.6 bp −$256 | doesn't fit | doesn't fit |
| Sell Derive no order-book sample | — | — | — | — | — |
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 −0.0159% / S +0.0335% | 1h | 798.34 | −0.070% | $47K | — | 200x | as long as short |
| Kraken Futures PF_BNBUSD | −0.0121% | 1h | 798.31 | −0.074% | $2.5M | $975K | 50x | as long as short |
| Hotstuff BNB-PERP | −0.0080% | 1h | 799.52 | +0.078% | $4K | $239 | 25x | as long as short |
| BingX BNB-USDT | −0.0057% | 8h | 798.93 | +0.004% | — | $35.0M | — | as long as short |
| Bybit BNBUSDT | −0.0034% | 8h | 798.60 | −0.038% | $138.6M | $75.2M | 75x | as long as short |
| GRVT BNB_USDT_Perp | 0.0000% | 8h | 799.67 | +0.096% | $3.0M | $27.4M | 10x | as long as short |
| StandX BNB-USD | 0.0000% | 1h | 799.95 | +0.131% | $864K | $2.9M | 30x | as long as short |
| Phemex BNBUSDT | 0.0000% | 8h | 799.08 | +0.023% | $69.8M | $50.5M | 50x | as long as short |
| Variational Omni BNB | +0.0004% | 8h | 798.73 | −0.022% | $4.1M | $5.2M | — | as long as short |
| gTrade (Gains Network) BNB/USD | L +0.0008% / S −0.0007% | 1h | 798.43 | −0.059% | $9.7M | — | 150x | as long as short |
GMX BNB/USD [WBTC.b-USDC]
Kraken Futures PF_BNBUSD
Hotstuff BNB-PERP
BingX BNB-USDT
Bybit BNBUSDT
GRVT BNB_USDT_Perp
StandX BNB-USD
Phemex BNBUSDT
Variational Omni BNB
gTrade (Gains Network) BNB/USDShow all 46 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective BNB/USDC PERP | +0.0033% | 1h | 805.09 | +0.775% | $19K | $789K | 30x | as long as short |
| Coinbase International BNB-PERP-INTX | +0.0048% | 1h | 798.00 | −0.113% | $601K | $969K | 50x | as long as short |
| Aster BNBUSDT | +0.0065% | 8h | 798.89 | −0.001% | $6.2M | $19.1M | 200x | as long as short |
| MEXC BNB_USDT | +0.0086% | 8h | 799.20 | +0.038% | $83.1M | $13.5M | 200x | as long as short |
| Binance BNBUSDT | +0.0086% | 8h | 799.36 | +0.058% | $496.3M | $807.8M | 75x | as long as short |
| Gate BNB_USDT | +0.0091% | 8h | 798.70 | −0.025% | $35.7M | $56.1M | 75x | as long as short |
| Lighter BNB | +0.0096% | 1h | 799.12 | +0.027% | $2.8M | $4.0M | 20x | as long as short |
| Phoenix BNB | +0.0099% | 1h | 799.23 | +0.041% | $172K | $36K | 10x | as long as short |
| Nado BNB-PERP | +0.0100% | 1h | 798.60 | −0.038% | $1.5M | $2.7M | 20x | as long as short |
| Pacifica BNB | +0.0100% | 1h | 798.98 | +0.010% | $1.2M | $924K | 20x | as long as short |
| OKX BNB-USDT-SWAP | +0.0100% | 8h | 798.60 | −0.038% | $54.1M | $110.3M | 50x | as long as short |
| Arcus BNB-USDlong | +0.0100% | 1h | 798.90 | long leg | $53K | $133K | 10x | |
| KuCoin BNBUSDTM | +0.0100% | 8h | 798.75 | −0.019% | $28.0M | $10.0M | 75x | as long as short |
| Bitget BNBUSDT | +0.0100% | 8h | 798.70 | −0.025% | $78.8M | $27.3M | 75x | as long as short |
| edgeX BNBUSDC | +0.0100% | 4h | 799.78 | +0.110% | $4.2M | $76.3M | 30x | as long as short |
| ApeX Omni BNBUSDT | +0.0100% | 1h | 799.32 | +0.053% | $161K | $436K | 50x | as long as short |
| Polymarket Perps BNB-USD | +0.0100% | 1h | 798.32 | −0.073% | $118K | $871K | 10x | as long as short |
| Orderly PERP_BNB_USDC | +0.0100% | 8h | 798.30 | −0.075% | $386K | $459K | 50x | as long as short |
| Derive BNB-PERPshort | +0.0100% | 1h | 798.52 | −0.047% | $32K | $5K | 10x | |
| SunX BNB-USDT | +0.0100% | 8h | 798.91 | +0.002% | $13K | $1.7M | 50x | as long as short |
| SoDEX BNB-USD | +0.0100% | 1h | 798.60 | −0.038% | $393K | $1.0M | 10x | as long as short |
| HTX BNB-USDT | +0.0100% | 8h | 798.73 | −0.022% | $8.2M | $8.2M | 75x | as long as short |
| Paradex BNB-USD-PERP | +0.0100% | 8h | 799.59 | +0.087% | $78K | $18K | 50x | as long as short |
| Extended BNB-USD | +0.0104% | 1h | 798.44 | −0.058% | $1.8M | $6.3M | 50x | as long as short |
| Aevo BNB-PERP | +0.0104% | 1h | 798.43 | −0.058% | $384K | $108K | 10x | as long as short |
| Bulk BNB-USD | +0.0127% | 1h | 799.69 | +0.098% | $649K | $10K | 10x | as long as short |
| Hibachi BNB/USDT-P | +0.0152% | 1h | 799.31 | +0.052% | $69K | $37K | 12x | as long as short |
| Kalshi KXBNBPERP | +0.0154% | 8h | 799.30 | +0.050% | $91K | $2.8M | 4.8x | as long as short |
| RISEx BNB/USDC | +0.0155% | 1h | 798.65 | −0.031% | $1.1M | $1.4M | 20x | as long as short |
| Deribit BNB_USDC-PERPETUAL | +0.0200% | 1h | 798.80 | −0.013% | $1.6M | $160K | 25x | as long as short |
| BloFin BNB-USDT | +0.0206% | 8h | 799.45 | +0.069% | $18.1M | $2.5M | 75x | as long as short |
| 01 Exchange BNBUSD | +0.0216% | 1h | 798.98 | +0.010% | $28K | $1K | 10x | as long as short |
| dYdX BNB-USD | +0.0259% | 1h | 798.87 | −0.003% | $161K | $63K | 10x | as long as short |
| Hyperliquid BNB | +0.0313% | 1h | 799.72 | +0.103% | $53.2M | $20.6M | 10x | as long as short |
| Reya BNBRUSDPERP | +0.0330% | 1h | 797.97 | −0.117% | $6K | $3K | 40x | as long as short |
| Backpack BNB_USDC_PERP | +0.0397% | 1h | 799.58 | +0.085% | $2.7M | $5.6M | 40x | as long as short |
Injective BNB/USDC PERP
Coinbase International BNB-PERP-INTX
Aster BNBUSDT
MEXC BNB_USDT
Binance BNBUSDT
Gate BNB_USDT
Lighter BNB
Phoenix BNB
Nado BNB-PERP
Pacifica BNB
OKX BNB-USDT-SWAP
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
Extended BNB-USD
Aevo BNB-PERP
Bulk BNB-USD
Hibachi BNB/USDT-P
Kalshi KXBNBPERP
RISEx BNB/USDC
Deribit BNB_USDC-PERPETUAL
BloFin BNB-USDT
01 Exchange BNBUSD
dYdX BNB-USD
Hyperliquid BNB
Reya BNBRUSDPERP
Backpack BNB_USDC_PERP