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Funding arb · Price arb /

BNB

all BNB markets
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Alert: funding
Measured
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Alert: spread
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding you earn now, next payment 04:00 UTC+0.0036%/8h= +3.9% APRpaid last 24h −0.004%
Price spread now: Derive against Binance−0.036%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Long on BinanceShort on Derive
What this pair did over the last
the charts below follow
Funding, last 4 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 pays, the price is against you. Derive is 0.036% cheaper against Binance than usual: you would sell low and buy high (spread −0.036% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 3.4 days of funding at the current rate (+$1 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance BNBUSDT789.720.0064pay 0.0064% / 8h4h 23m$493.2M$790.2M75x
ShortDerive BNB-PERP789.430.0100get 0.0013% / 1h23m 42s$31K$12K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Derive against Binance. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$7.46
Price spread: −0.036% → 0.000%
−$3.64
Slippage, 4 orders
no order book: not counted
Fee Binance: 5 bp × 2 orders
−$10
Fee Derive: 3 bp × 2 orders
−$6
Net
−$12.18
Costs to cover
0.160%
Break-even
18.4 days
Slippage unknown: Binance: live order book, 5 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
LegHalf-spread$10k$100k$1M$5M
Buy Binance live order book, 5 min ago0.06 bp5.1 bp −$55.2 bp −$5217.3 bp −$1,726doesn'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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GMX BNB/USD [WBTC.b-USDC]L −0.0187% / S +0.0351%1h789.27−0.057%$46K—200xas long as short
Hotstuff BNB-PERP−0.0080%1h789.89+0.022%$4K$4225xas long as short
StandX BNB-USD0.0000%1h789.60−0.015%$852K$3.2M30xas long as short
gTrade (Gains Network) BNB/USDL +0.0007% / S −0.0007%1h789.29−0.054%$9.5M—150xas long as short
Injective BNB/USDC PERP+0.0033%1h805.09+1.946%$19K$789K30xas long as short
Aster BNBUSDT+0.0040%8h789.90+0.023%$6.1M$18.7M200xas long as short
BingX BNB-USDC+0.0052%8h789.58−0.018%—$13.4M—as long as short
Phemex BNBUSDT+0.0063%8h789.94+0.028%$69.1M$49.9M50xas long as short
MEXC BNB_USDT+0.0064%8h790.20+0.061%$80.2M$12.4M200xas long as short
Coinbase International BNB-PERP-INTX+0.0064%1h789.45−0.034%$582K$1.9M50xas long as short
Show all 46 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance BNBUSDTlong+0.0064%8h789.72long leg$493.2M$790.2M75x
Lighter BNB+0.0096%1h789.48−0.031%$2.7M$3.8M20xas long as short
Orderly PERP_BNB_USDC+0.0100%8h789.36−0.046%$266K$492K50xas long as short
Nado BNB-PERP+0.0100%1h789.45−0.034%$1.5M$2.6M20xas long as short
Hyperliquid BNB+0.0100%1h789.91+0.024%$51.8M$17.5M10xas long as short
Pacifica BNB+0.0100%1h789.57−0.019%$1.2M$931K20xas long as short
Bybit BNBUSDT+0.0100%8h789.20−0.066%$138.8M$74.5M75xas long as short
OKX BNB-USDT-SWAP+0.0100%8h789.10−0.079%$53.4M$111.2M50xas long as short
Arcus BNB-USD+0.0100%1h789.40−0.041%$52K$130K10xas long as short
Gate BNB_USDT+0.0100%8h789.20−0.066%$35.5M$57.3M75xas long as short
KuCoin BNBUSDTM+0.0100%8h789.22−0.063%$27.7M$10.3M75xas long as short
Bitget BNBUSDT+0.0100%8h788.95−0.098%$76.3M$30.1M75xas long as short
Backpack BNB_USDC_PERP+0.0100%1h789.720.000%$2.2M$6.1M40xas long as short
Variational Omni BNB+0.0100%8h789.00−0.091%$4.1M$4.6M—as long as short
edgeX BNBUSDC+0.0100%4h790.13+0.051%$4.1M$73.1M30xas long as short
ApeX Omni BNBUSDT+0.0100%1h789.94+0.028%$159K$440K50xas long as short
Polymarket Perps BNB-USD+0.0100%1h789.19−0.067%$133K$950K10xas long as short
Derive BNB-PERPshort+0.0100%1h789.43−0.036%$31K$12K10x
SunX BNB-USDT+0.0100%8h789.96+0.031%$12K$1.5M50xas long as short
SoDEX BNB-USD+0.0100%1h789.50−0.028%$388K$1.0M10xas long as short
HTX BNB-USDT+0.0100%8h789.38−0.043%$8.1M$9.5M75xas long as short
Paradex BNB-USD-PERP+0.0101%8h789.82+0.012%$77K$17K50xas long as short
Extended BNB-USD+0.0104%1h788.89−0.105%$1.8M$5.9M50xas long as short
Aevo BNB-PERP+0.0104%1h789.23−0.062%$379K$110K10xas long as short
Phoenix BNB+0.0117%1h791.77+0.260%$170K$35K10xas long as short
dYdX BNB-USD+0.0131%1h789.35−0.047%$160K$64K10xas long as short
GRVT BNB_USDT_Perp+0.0145%8h790.08+0.046%$2.9M$28.5M10xas long as short
Kalshi KXBNBPERP+0.0178%8h790.10+0.048%$126K$2.7M4.8xas long as short
BloFin BNB-USDT+0.0185%8h790.17+0.057%$18.1M$2.2M75xas long as short
Bulk BNB-USD+0.0222%1h790.13+0.052%$640K$9K10xas long as short
01 Exchange BNBUSD+0.0232%1h789.94+0.028%$28K$4K10xas long as short
Kraken Futures PF_BNBUSD+0.0263%1h789.28−0.056%$2.5M$1.2M50xas long as short
Deribit BNB_USDC-PERPETUAL+0.0300%1h789.76+0.006%$1.5M$143K25xas long as short
Reya BNBRUSDPERP+0.0326%1h789.05−0.085%$6K$3K40xas long as short
Hibachi BNB/USDT-P+0.0416%1h789.56−0.020%$67K$38K12xas long as short
RISEx BNB/USDC+0.0461%1h789.48−0.031%$1.1M$967K20xas long as short