BNB

Alert

Funding spread now, next payment 19:00 UTC+0.0623%/8h

next payment, per $10,000+$0.78paid, last 24h+0.007%paid, last 7 days+0.189%to open and close $10k−$28

Long on Coinbase International Short on Backpack

The current rate is far above what this pair has been paying: over the last 7 days it paid 0.189% in total (about 9.9% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.78 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International BNB-PERP-INTX	799.32	0.0056	pay 0.0007% / 1h	57m 44s	$600K	$907K	50x
Short	Backpack BNB_USDC_PERP	801.78	0.0679	get 0.0085% / 1h	57m 44s	$3.0M	$5.3M	40x

Funding history

latest

Range statsloading…

Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee Coinbase InternationalbpFee BackpackbpOrdersRate

Funding earned: $130.79
Slippage, 4 orders: −$7.87
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Backpack: 5 bp × 2 orders: −$10
Net: $102.91
Break-even: 1.5 days

Slippage from Coinbase International: live order book, 37 min ago; Backpack: live order book, 3 min ago.

Price risk

price view

Price gap now: +0.308%
Avg gap 7d: +0.064%

A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

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 Coinbase International live order book, 37 min ago	2.69 bp	7.7 bp −$8	12.6 bp −$126	doesn't fit	doesn't fit
Sell Backpack live order book, 3 min ago	0.06 bp	5.7 bp −$6	9.2 bp −$92	doesn't fit	doesn't fit

BNB on 45 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
GMX BNB/USD [WBTC.b-USDC]	L −0.0197% / S +0.0371%	1h	$48K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	$4K	$1K	25x	as long as short
Kalshi KXBNBPERP	0.0000%	8h	$110K	$2.7M	4.8x	as long as short
StandX BNB-USD	0.0000%	1h	$866K	$3.2M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0008%	1h	$9.7M	—	150x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	$19K	$247K	30x	as long as short
Coinbase International BNB-PERP-INTXlong	+0.0056%	1h	$600K	$907K	50x
Variational Omni BNB	+0.0064%	8h	$4.1M	$5.5M	—	as long as short
BingX BNB-USDT	+0.0080%	8h	—	$33.6M	—	as long as short
Lighter BNB	+0.0096%	1h	$3.0M	$3.9M	20x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Nado BNB-PERP	+0.0100%	1h	$1.4M	$2.8M	20x	as long as short
Pacifica BNB	+0.0100%	1h	$1.2M	$916K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	$138.3M	$87.7M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	$55.1M	$116.0M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	$52K	$220K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	$35.9M	$58.8M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	$27.9M	$10.4M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	$78.3M	$24.4M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	$4.2M	$77.1M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	$159K	$437K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	$120K	$878K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	$387K	$646K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	$32K	$5K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	$13K	$1.7M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	$394K	$1.0M	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	$8.2M	$6.8M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	$78K	$19K	50x	as long as short
Aster BNBUSDT	+0.0104%	8h	$6.4M	$18.8M	200x	as long as short
Extended BNB-USD	+0.0104%	1h	$1.8M	$6.2M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	$385K	$40K	10x	as long as short
MEXC BNB_USDT	+0.0111%	8h	$84.1M	$14.9M	200x	as long as short
Binance BNBUSDT	+0.0112%	8h	$517.8M	$796.8M	75x	as long as short
Phoenix BNB	+0.0119%	1h	$170K	$28K	10x	as long as short
Phemex BNBUSDT	+0.0125%	8h	$70.2M	$51.1M	50x	as long as short
Bulk BNB-USD	+0.0131%	1h	$651K	$82K	10x	as long as short
RISEx BNB/USDC	+0.0165%	1h	$1.1M	$1.5M	20x	as long as short
dYdX BNB-USD	+0.0171%	1h	$174K	$51K	10x	as long as short
Hyperliquid BNB	+0.0176%	1h	$51.3M	$21.4M	10x	as long as short
Kraken Futures PF_BNBUSD	+0.0185%	1h	$2.5M	$933K	50x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0200%	1h	$1.6M	$168K	25x	as long as short
BloFin BNB-USDT	+0.0232%	8h	$19.1M	$3.0M	75x	as long as short
01 Exchange BNBUSD	+0.0312%	1h	$28K	$1K	10x	as long as short
Reya BNBRUSDPERP	+0.0333%	1h	$9K	—	40x	as long as short
Hibachi BNB/USDT-P	+0.0352%	1h	$71K	$47K	12x	as long as short
Backpack BNB_USDC_PERPshort	+0.0679%	1h	$3.0M	$5.3M	40x