Funding you earn now, next payment 09:00 UTC−0.0093%/8h= −10.2% APRnext payment −$0.12 per $10,000 · paid last 24h −0.075%
Price spread now: gTrade (Gains Network) against Backpack−0.048%77s7-day average −0.145% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$2822.821% of the position
Funding, last 4 days (all we have)−0.146%−$15 on $10k
+Price spread, last 7 days−0.169%−$17 · spread now −0.048%, 7d avg −0.145%
=The price spread pays, funding is against you. gTrade (Gains Network) is 0.097% dearer against Backpack than usual: you sell high and buy low (spread −0.048% now, against its 7-day average of −0.145%): +$10 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 3.5 days. The two prices were read 77 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack BNB_USDC_PERP | 787.91 | 0.0100 | pay 0.0013% / 1h | 58m 36s | $2.2M | $6.1M | 40x |
| Short | gTrade (Gains Network) BNB/USD | 787.53 | L +0.0007% / S −0.0007% | get 0.0001% / 1h | 58m 36s | $9.5M | — | 150x |
Backpack BNB_USDC_PERP
gTrade (Gains Network) BNB/USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
gTrade (Gains Network) 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
- −$19.49
- Price spread: −0.048% → −0.145%
- $9.69
- Slippage, 4 orders
- −$262.11
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee gTrade (Gains Network): 5 bp × 2 orders
- −$10
- Net
- −$291.91
- Costs to cover
- 2.821%
- Break-even
- never at this rate
Slippage from Backpack: live order book, 1 min ago; gTrade (Gains Network): virtual book (oracle venue), 1 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, 1 min ago | 0.06 bp | 5.1 bp −$5 | 6.2 bp −$62 | doesn't fit | doesn't fit |
| Sell gTrade (Gains Network) virtual book (oracle venue), 1 min ago | 130.01 bp | 135.0 bp −$135 | 135.0 bp −$1,350 | 484.2 bp −$48.4K | 3301.4 bp −$1.65M |
BNB on 45 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 −0.0166% / S +0.0336% | 1h | 787.50 | −0.052% | $43K | — | 200x | as long as short |
| Hotstuff BNB-PERP | −0.0080% | 1h | 787.87 | −0.005% | $4K | — | 25x | as long as short |
| GRVT BNB_USDT_Perp | 0.0000% | 8h | 788.33 | +0.053% | $2.9M | $26.5M | 10x | as long as short |
| StandX BNB-USD | 0.0000% | 1h | 788.48 | +0.072% | $850K | $2.8M | 30x | as long as short |
| Aster BNBUSDT | +0.0007% | 8h | 787.66 | −0.032% | $6.0M | $17.7M | 200x | as long as short |
| gTrade (Gains Network) BNB/USDshort | L +0.0007% / S −0.0007% | 1h | 787.53 | −0.048% | $9.5M | — | 150x | |
| BingX BNB-USDT | +0.0020% | 8h | 787.43 | −0.061% | — | $22.3M | — | as long as short |
| Binance BNBUSDT | +0.0026% | 8h | 787.56 | −0.044% | $482.6M | $796.5M | 75x | as long as short |
| MEXC BNB_USDT | +0.0027% | 8h | 789.00 | +0.138% | $83.0M | $11.7M | 200x | as long as short |
| Injective BNB/USDC PERP | +0.0033% | 1h | 805.09 | +2.180% | $19K | $789K | 30x | as long as short |
GMX BNB/USD [WBTC.b-USDC]
Hotstuff BNB-PERP
GRVT BNB_USDT_Perp
StandX BNB-USD
Aster BNBUSDT
BingX BNB-USDT
Binance BNBUSDT
MEXC BNB_USDT
Injective BNB/USDC PERPShow all 45 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_BNBUSD | +0.0035% | 1h | 787.45 | −0.058% | $2.5M | $1.2M | 50x | as long as short |
| Phemex BNBUSDT | +0.0065% | 8h | 788.04 | +0.016% | $68.5M | $51.4M | 50x | as long as short |
| Lighter BNB | +0.0096% | 1h | 787.31 | −0.077% | $2.7M | $3.4M | 20x | as long as short |
| Nado BNB-PERP | +0.0097% | 1h | 787.25 | −0.084% | $1.4M | $2.5M | 20x | as long as short |
| Hyperliquid BNB | +0.0100% | 1h | 787.88 | −0.004% | $51.8M | $17.3M | 10x | as long as short |
| Pacifica BNB | +0.0100% | 1h | 787.40 | −0.065% | $1.2M | $940K | 20x | as long as short |
| Bybit BNBUSDT | +0.0100% | 8h | 786.93 | −0.124% | $138.7M | $70.8M | 75x | as long as short |
| OKX BNB-USDT-SWAP | +0.0100% | 8h | 787.00 | −0.115% | $53.6M | $107.4M | 50x | as long as short |
| Arcus BNB-USD | +0.0100% | 1h | 787.50 | −0.052% | $52K | $124K | 10x | as long as short |
| Gate BNB_USDT | +0.0100% | 8h | 787.25 | −0.084% | $39.9M | $53.6M | 75x | as long as short |
| KuCoin BNBUSDTM | +0.0100% | 8h | 786.92 | −0.126% | $27.8M | $9.7M | 75x | as long as short |
| Bitget BNBUSDT | +0.0100% | 8h | 786.94 | −0.123% | $75.6M | $32.4M | 75x | as long as short |
| Backpack BNB_USDC_PERPlong | +0.0100% | 1h | 787.91 | long leg | $2.2M | $6.1M | 40x | |
| Variational Omni BNB | +0.0100% | 8h | 787.30 | −0.077% | $4.3M | $4.9M | — | as long as short |
| edgeX BNBUSDC | +0.0100% | 4h | 788.05 | +0.018% | $4.1M | $77.6M | 30x | as long as short |
| ApeX Omni BNBUSDT | +0.0100% | 1h | 788.09 | +0.023% | $159K | $440K | 50x | as long as short |
| Polymarket Perps BNB-USD | +0.0100% | 1h | 787.53 | −0.048% | $130K | $916K | 10x | as long as short |
| Orderly PERP_BNB_USDC | +0.0100% | 8h | 787.42 | −0.062% | $264K | $304K | 50x | as long as short |
| SunX BNB-USDT | +0.0100% | 8h | 787.94 | +0.004% | $12K | $1.4M | 50x | as long as short |
| SoDEX BNB-USD | +0.0100% | 1h | 787.60 | −0.039% | $387K | $940K | 10x | as long as short |
| HTX BNB-USDT | +0.0100% | 8h | 787.59 | −0.041% | $8.0M | $10.2M | 75x | as long as short |
| Paradex BNB-USD-PERP | +0.0100% | 8h | 787.62 | −0.037% | $78K | $267K | 50x | as long as short |
| Kalshi KXBNBPERP | +0.0102% | 8h | 788.50 | +0.075% | $161K | $2.5M | 4.8x | as long as short |
| Extended BNB-USD | +0.0104% | 1h | 786.88 | −0.130% | $1.8M | $5.8M | 50x | as long as short |
| Aevo BNB-PERP | +0.0104% | 1h | 787.39 | −0.066% | $378K | $110K | 10x | as long as short |
| BloFin BNB-USDT | +0.0109% | 8h | 788.43 | +0.066% | $17.6M | $2.3M | 75x | as long as short |
| Phoenix BNB | +0.0120% | 1h | 788.35 | +0.056% | $158K | $37K | 10x | as long as short |
| Coinbase International BNB-PERP-INTX | +0.0136% | 1h | 787.77 | −0.018% | $550K | $1.9M | 50x | as long as short |
| Bulk BNB-USD | +0.0150% | 1h | 788.74 | +0.105% | $639K | $0 | 10x | as long as short |
| Deribit BNB_USDC-PERPETUAL | +0.0200% | 1h | 787.85 | −0.008% | $1.5M | $138K | 25x | as long as short |
| 01 Exchange BNBUSD | +0.0224% | 1h | 787.84 | −0.009% | $28K | $3K | 10x | as long as short |
| Reya BNBRUSDPERP | +0.0318% | 1h | 787.19 | −0.092% | $6K | $3K | 40x | as long as short |
| RISEx BNB/USDC | +0.0345% | 1h | 787.56 | −0.044% | $1.1M | $895K | 20x | as long as short |
| Hibachi BNB/USDT-P | +0.0424% | 1h | 787.78 | −0.016% | $67K | $38K | 12x | as long as short |
| dYdX BNB-USD | +0.0542% | 1h | 787.36 | −0.070% | $158K | $42K | 10x | as long as short |
Kraken Futures PF_BNBUSD
Phemex BNBUSDT
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
Variational Omni BNB
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
Kalshi KXBNBPERP
Extended BNB-USD
Aevo BNB-PERP
BloFin BNB-USDT
Phoenix BNB
Coinbase International BNB-PERP-INTX
Bulk BNB-USD
Deribit BNB_USDC-PERPETUAL
01 Exchange BNBUSD
Reya BNBRUSDPERP
RISEx BNB/USDC
Hibachi BNB/USDT-P
dYdX BNB-USD