Funding you earn now, next payment 05:00 UTC+0.0200%/8h= +21.9% APRpaid last 24h +0.031%
Price spread now: Deribit against Bybit+0.080%45s7-day average +0.073% · you sell dearer than you buy
Net, funding: paid 7d − costs−$7as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$290.286% of the position
Funding, last 7 days+0.216%+$22 on $10k
+Price spread, last 4 days (all we have)−0.068%−$7 · spread now +0.080%, 7d avg +0.073%
=The price spread sits at its 7-day average of +0.073%, so right now this pair is about funding alone: +$6 a day on $10k at the current rate. The two prices were read 45 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 | Bybit BNBUSDT | 787.60 | 0.0100 | pay 0.0100% / 8h | 3h 24m | $138.6M | $73.8M | 75x |
| Short | Deribit BNB_USDC-PERPETUAL | 788.23 | 0.0300 | get 0.0037% / 1h | 24m 29s | $1.5M | $143K | 25x |
Bybit BNBUSDT
Deribit BNB_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against Bybit. 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
- $42
- Price spread: +0.080% → +0.073%
- $0.71
- Slippage, 4 orders
- −$10.65
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- $14.06
- Costs to cover
- 0.286%
- Break-even
- 4.7 days
Slippage from Bybit: live order book, 5 min ago; Deribit: live order book, 5 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 Bybit live order book, 5 min ago | 0.63 bp | 6.1 bp −$6 | 8.3 bp −$83 | 21.7 bp −$2,174 | 155.5 bp −$77.8K |
| Sell Deribit live order book, 5 min ago | 3.36 bp | 9.1 bp −$9 | 13.6 bp −$136 | 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 | 787.78 | +0.023% | $46K | — | 200x | as long as short |
| Kraken Futures PF_BNBUSD | −0.0124% | 1h | 787.70 | +0.012% | $2.5M | $1.2M | 50x | as long as short |
| Hotstuff BNB-PERP | −0.0080% | 1h | 788.00 | +0.051% | $4K | $42 | 25x | as long as short |
| StandX BNB-USD | 0.0000% | 1h | 788.52 | +0.117% | $850K | $3.1M | 30x | as long as short |
| gTrade (Gains Network) BNB/USD | L +0.0007% / S −0.0007% | 1h | 787.69 | +0.011% | $9.5M | — | 150x | as long as short |
| Aster BNBUSDT | +0.0025% | 8h | 788.34 | +0.094% | $6.1M | $18.7M | 200x | as long as short |
| Injective BNB/USDC PERP | +0.0033% | 1h | 805.09 | +2.221% | $19K | $789K | 30x | as long as short |
| BingX BNB-USDT | +0.0040% | 8h | 787.91 | +0.039% | — | $22.3M | — | as long as short |
| Binance BNBUSDT | +0.0044% | 8h | 788.33 | +0.093% | $491.5M | $797.8M | 75x | as long as short |
| MEXC BNB_USDT | +0.0045% | 8h | 788.70 | +0.140% | $80.0M | $12.0M | 200x | as long as short |
GMX BNB/USD [WBTC.b-USDC]
Kraken Futures PF_BNBUSD
Hotstuff BNB-PERP
StandX BNB-USD
gTrade (Gains Network) BNB/USD
Aster BNBUSDT
Injective BNB/USDC PERP
BingX BNB-USDT
Binance BNBUSDT
MEXC BNB_USDTShow all 46 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phemex BNBUSDT | +0.0047% | 8h | 788.28 | +0.086% | $69.0M | $50.6M | 50x | as long as short |
| Coinbase International BNB-PERP-INTX | +0.0072% | 1h | 787.43 | −0.022% | $581K | $1.9M | 50x | as long as short |
| Phoenix BNB | +0.0092% | 1h | 788.22 | +0.079% | $169K | $35K | 10x | as long as short |
| dYdX BNB-USD | +0.0094% | 1h | 787.88 | +0.036% | $159K | $64K | 10x | as long as short |
| Lighter BNB | +0.0096% | 1h | 788.01 | +0.053% | $2.7M | $3.9M | 20x | as long as short |
| Orderly PERP_BNB_USDC | +0.0100% | 8h | 787.84 | +0.030% | $265K | $492K | 50x | as long as short |
| Nado BNB-PERP | +0.0100% | 1h | 787.55 | −0.006% | $1.5M | $2.6M | 20x | as long as short |
| Hyperliquid BNB | +0.0100% | 1h | 788.41 | +0.103% | $51.7M | $17.4M | 10x | as long as short |
| Pacifica BNB | +0.0100% | 1h | 788.08 | +0.061% | $1.2M | $933K | 20x | as long as short |
| Bybit BNBUSDTlong | +0.0100% | 8h | 787.60 | long leg | $138.6M | $73.8M | 75x | |
| OKX BNB-USDT-SWAP | +0.0100% | 8h | 787.60 | 0.000% | $53.5M | $111.5M | 50x | as long as short |
| Arcus BNB-USD | +0.0100% | 1h | 788.00 | +0.051% | $52K | $133K | 10x | as long as short |
| Gate BNB_USDT | +0.0100% | 8h | 787.80 | +0.025% | $35.9M | $57.6M | 75x | as long as short |
| KuCoin BNBUSDTM | +0.0100% | 8h | 787.52 | −0.010% | $27.6M | $10.3M | 75x | as long as short |
| Bitget BNBUSDT | +0.0100% | 8h | 787.42 | −0.023% | $76.2M | $30.5M | 75x | as long as short |
| Backpack BNB_USDC_PERP | +0.0100% | 1h | 788.16 | +0.071% | $2.2M | $6.1M | 40x | as long as short |
| Variational Omni BNB | +0.0100% | 8h | 787.50 | −0.012% | $4.1M | $4.8M | — | as long as short |
| edgeX BNBUSDC | +0.0100% | 4h | 788.21 | +0.078% | $4.1M | $73.8M | 30x | as long as short |
| ApeX Omni BNBUSDT | +0.0100% | 1h | 788.40 | +0.102% | $159K | $442K | 50x | as long as short |
| Polymarket Perps BNB-USD | +0.0100% | 1h | 787.65 | +0.006% | $130K | $951K | 10x | as long as short |
| Derive BNB-PERP | +0.0100% | 1h | 787.89 | +0.037% | $31K | $12K | 10x | as long as short |
| SunX BNB-USDT | +0.0100% | 8h | 788.38 | +0.099% | $12K | $1.5M | 50x | as long as short |
| SoDEX BNB-USD | +0.0100% | 1h | 788.00 | +0.051% | $387K | $1.0M | 10x | as long as short |
| HTX BNB-USDT | +0.0100% | 8h | 788.04 | +0.056% | $8.1M | $9.6M | 75x | as long as short |
| Paradex BNB-USD-PERP | +0.0100% | 8h | 788.19 | +0.075% | $77K | $17K | 50x | as long as short |
| Extended BNB-USD | +0.0104% | 1h | 787.43 | −0.022% | $1.9M | $6.3M | 50x | as long as short |
| Aevo BNB-PERP | +0.0104% | 1h | 787.76 | +0.021% | $378K | $110K | 10x | as long as short |
| Kalshi KXBNBPERP | +0.0110% | 8h | 788.20 | +0.076% | $126K | $2.7M | 4.8x | as long as short |
| BloFin BNB-USDT | +0.0165% | 8h | 788.29 | +0.088% | $18.0M | $2.2M | 75x | as long as short |
| GRVT BNB_USDT_Perp | +0.0174% | 8h | 788.73 | +0.144% | $2.9M | $28.7M | 10x | as long as short |
| Bulk BNB-USD | +0.0219% | 1h | 788.52 | +0.117% | $639K | $9K | 10x | as long as short |
| 01 Exchange BNBUSD | +0.0240% | 1h | 788.32 | +0.091% | $28K | $4K | 10x | as long as short |
| Deribit BNB_USDC-PERPETUALshort | +0.0300% | 1h | 788.23 | +0.080% | $1.5M | $143K | 25x | |
| Reya BNBRUSDPERP | +0.0324% | 1h | 787.44 | −0.021% | $6K | $3K | 40x | as long as short |
| Hibachi BNB/USDT-P | +0.0408% | 1h | 788.01 | +0.052% | $67K | $39K | 12x | as long as short |
| RISEx BNB/USDC | +0.0431% | 1h | 788.13 | +0.068% | $1.1M | $893K | 20x | as long as short |
Phemex BNBUSDT
Coinbase International BNB-PERP-INTX
Phoenix BNB
dYdX BNB-USD
Lighter BNB
Orderly PERP_BNB_USDC
Nado BNB-PERP
Hyperliquid BNB
Pacifica BNB
OKX BNB-USDT-SWAP
Arcus BNB-USD
Gate BNB_USDT
KuCoin BNBUSDTM
Bitget BNBUSDT
Backpack BNB_USDC_PERP
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
Extended BNB-USD
Aevo BNB-PERP
Kalshi KXBNBPERP
BloFin BNB-USDT
GRVT BNB_USDT_Perp
Bulk BNB-USD
01 Exchange BNBUSD
Reya BNBRUSDPERP
Hibachi BNB/USDT-P
RISEx BNB/USDC