Funding you earn now, next payment 05:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.00 per $10,000 · paid last 24h −0.046%
Price spread now: Extended against Backpack−0.087%7-day average −0.183% · you buy dearer than you sell
Net, funding: paid 7d − costs−$30as in the Funding arb table
Net, price: spread back to 7d avg − costs−$7as in the Price arb table
costs, in and out, $10k−$160.163% of the position
Funding, last 7 days−0.133%−$13 on $10k
+Price spread, last 7 days−0.067%−$7 · spread now −0.087%, 7d avg −0.183%
=Together, before fees−0.200%+ Points / potential airdropExtended: Active · farm board−$20 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Extended is 0.097% dearer against Backpack than usual: you sell high and buy low, +$10 on $10k if it goes back to its 7-day average of −0.183%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack BNB_USDC_PERP | 787.57 | 0.0100 | pay 0.0013% / 1h | 59m 48s | $2.2M | $6.1M | 40x |
| Short | Extended BNB-USD | 786.89 | 0.0104 | get 0.0013% / 1h | 59m 48s | $1.8M | $6.3M | 50x |
Backpack BNB_USDC_PERP
Extended BNB-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended against Backpack. 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
- $0.84
- Price spread: −0.087% → −0.183%
- $9.67
- Slippage, 4 orders
- −$1.26
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$5.75
- Costs to cover
- 0.163%
- Break-even
- 55.0 days
Slippage from Backpack: live order book, 4 min ago; Extended: live order book, 4 min ago.
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 Backpack live order book, 4 min ago | 0.06 bp | 5.1 bp −$5 | 5.9 bp −$59 | doesn't fit | doesn't fit |
| Sell Extended live order book, 4 min ago | 0.06 bp | 2.6 bp −$3 | 4.0 bp −$40 | doesn't fit | doesn't fit |
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 | 786.84 | −0.092% | $46K | — | 200x | as long as short |
| Kraken Futures PF_BNBUSD | −0.0124% | 1h | 786.96 | −0.078% | $2.5M | $1.2M | 50x | as long as short |
| Hotstuff BNB-PERP | −0.0080% | 1h | 787.33 | −0.030% | $4K | $42 | 25x | as long as short |
| Kalshi KXBNBPERP | 0.0000% | 8h | 787.50 | −0.009% | $122K | $2.7M | 4.8x | as long as short |
| StandX BNB-USD | 0.0000% | 1h | 787.93 | +0.046% | $850K | $3.1M | 30x | as long as short |
| gTrade (Gains Network) BNB/USD | L +0.0007% / S −0.0007% | 1h | 786.91 | −0.084% | $9.5M | — | 150x | as long as short |
| Aster BNBUSDT | +0.0025% | 8h | 787.84 | +0.034% | $6.1M | $19.1M | 200x | as long as short |
| Injective BNB/USDC PERP | +0.0033% | 1h | 805.09 | +2.225% | $19K | $789K | 30x | as long as short |
| BingX BNB-USDT | +0.0034% | 8h | 787.35 | −0.028% | — | $22.3M | — | as long as short |
| MEXC BNB_USDT | +0.0044% | 8h | 788.20 | +0.080% | $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
Injective BNB/USDC PERP
BingX BNB-USDT
MEXC BNB_USDTShow all 46 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance BNBUSDT | +0.0046% | 8h | 787.86 | +0.037% | $490.4M | $804.5M | 75x | as long as short |
| Phemex BNBUSDT | +0.0052% | 8h | 787.70 | +0.017% | $68.9M | $50.7M | 50x | as long as short |
| Coinbase International BNB-PERP-INTX | +0.0072% | 1h | 787.21 | −0.046% | $579K | $1.9M | 50x | as long as short |
| dYdX BNB-USD | +0.0083% | 1h | 786.57 | −0.127% | $159K | $61K | 10x | as long as short |
| Phoenix BNB | +0.0092% | 1h | 787.26 | −0.039% | $169K | $35K | 10x | as long as short |
| Lighter BNB | +0.0096% | 1h | 787.64 | +0.009% | $2.7M | $3.8M | 20x | as long as short |
| Orderly PERP_BNB_USDC | +0.0100% | 8h | 786.96 | −0.077% | $265K | $491K | 50x | as long as short |
| Nado BNB-PERP | +0.0100% | 1h | 786.75 | −0.104% | $1.5M | $2.6M | 20x | as long as short |
| Pacifica BNB | +0.0100% | 1h | 787.25 | −0.040% | $1.2M | $934K | 20x | as long as short |
| Bybit BNBUSDT | +0.0100% | 8h | 787.10 | −0.060% | $138.3M | $74.1M | 75x | as long as short |
| OKX BNB-USDT-SWAP | +0.0100% | 8h | 787.10 | −0.060% | $53.5M | $111.6M | 50x | as long as short |
| Arcus BNB-USD | +0.0100% | 1h | 787.30 | −0.034% | $52K | $133K | 10x | as long as short |
| Gate BNB_USDT | +0.0100% | 8h | 787.10 | −0.060% | $36.2M | $58.5M | 75x | as long as short |
| KuCoin BNBUSDTM | +0.0100% | 8h | 786.99 | −0.074% | $27.6M | $10.2M | 75x | as long as short |
| Bitget BNBUSDT | +0.0100% | 8h | 786.92 | −0.083% | $76.2M | $30.7M | 75x | as long as short |
| Backpack BNB_USDC_PERPlong | +0.0100% | 1h | 787.57 | long leg | $2.2M | $6.1M | 40x | |
| Variational Omni BNB | +0.0100% | 8h | 786.81 | −0.096% | $4.1M | $4.6M | — | as long as short |
| edgeX BNBUSDC | +0.0100% | 4h | 787.45 | −0.015% | $4.1M | $74.5M | 30x | as long as short |
| ApeX Omni BNBUSDT | +0.0100% | 1h | 787.41 | −0.020% | $158K | $437K | 50x | as long as short |
| Polymarket Perps BNB-USD | +0.0100% | 1h | 786.92 | −0.083% | $132K | $956K | 10x | as long as short |
| Derive BNB-PERP | +0.0100% | 1h | 787.06 | −0.065% | $31K | $12K | 10x | as long as short |
| SunX BNB-USDT | +0.0100% | 8h | 787.70 | +0.017% | $12K | $1.5M | 50x | as long as short |
| SoDEX BNB-USD | +0.0100% | 1h | 787.30 | −0.034% | $387K | $1.0M | 10x | as long as short |
| HTX BNB-USDT | +0.0100% | 8h | 787.00 | −0.072% | $8.1M | $9.7M | 75x | as long as short |
| Paradex BNB-USD-PERP | +0.0100% | 8h | 787.46 | −0.014% | $77K | $17K | 50x | as long as short |
| Extended BNB-USDshort | +0.0104% | 1h | 786.89 | −0.087% | $1.8M | $6.3M | 50x | |
| Aevo BNB-PERP | +0.0104% | 1h | 787.01 | −0.071% | $378K | $110K | 10x | as long as short |
| BloFin BNB-USDT | +0.0164% | 8h | 787.75 | +0.023% | $17.7M | $2.2M | 75x | as long as short |
| Hyperliquid BNB | +0.0168% | 1h | 787.84 | +0.034% | $51.7M | $17.5M | 10x | as long as short |
| GRVT BNB_USDT_Perp | +0.0185% | 8h | 787.96 | +0.050% | $2.9M | $28.9M | 10x | as long as short |
| Bulk BNB-USD | +0.0223% | 1h | 788.23 | +0.084% | $639K | $10K | 10x | as long as short |
| 01 Exchange BNBUSD | +0.0248% | 1h | 787.86 | +0.037% | $28K | $4K | 10x | as long as short |
| Deribit BNB_USDC-PERPETUAL | +0.0300% | 1h | 787.50 | −0.008% | $1.5M | $143K | 25x | as long as short |
| Reya BNBRUSDPERP | +0.0324% | 1h | 786.80 | −0.097% | $6K | $3K | 40x | as long as short |
| RISEx BNB/USDC | +0.0431% | 1h | 787.38 | −0.024% | $1.1M | $907K | 20x | as long as short |
| Hibachi BNB/USDT-P | +0.0440% | 1h | 787.22 | −0.044% | $67K | $39K | 12x | as long as short |
Binance BNBUSDT
Phemex BNBUSDT
Coinbase International BNB-PERP-INTX
dYdX BNB-USD
Phoenix BNB
Lighter BNB
Orderly PERP_BNB_USDC
Nado BNB-PERP
Pacifica BNB
Bybit BNBUSDT
OKX BNB-USDT-SWAP
Arcus BNB-USD
Gate BNB_USDT
KuCoin BNBUSDTM
Bitget BNBUSDT
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
Aevo BNB-PERP
BloFin BNB-USDT
Hyperliquid BNB
GRVT BNB_USDT_Perp
Bulk BNB-USD
01 Exchange BNBUSD
Deribit BNB_USDC-PERPETUAL
Reya BNBRUSDPERP
RISEx BNB/USDC
Hibachi BNB/USDT-P