Funding you earn now, next payment 01:00 UTC+0.0044%/8h= +4.8% APRnext payment +$0.06 per $10,000 · paid last 24h −0.001%
Price spread now: Derive against Coinbase International+0.172%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
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
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Derive is 0.172% dearer against Coinbase International than usual: you sell high and buy low: +$17 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International BNB-PERP-INTX | 791.39 | 0.0056 | pay 0.0007% / 1h | 47m 59s | $607K | $1.1M | 50x |
| Short | Derive BNB-PERP | 792.75 | 0.0100 | get 0.0013% / 1h | 47m 59s | $32K | $9K | 10x |
Coinbase International BNB-PERP-INTX
Derive BNB-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Derive against Coinbase International. 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
- $9.24
- Price spread: +0.172% → 0.000%
- $17.17
- Slippage, 4 orders
- no order book: not counted
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Derive: 3 bp × 2 orders
- −$6
- Net
- $10.41
- Costs to cover
- 0.160%
- Break-even
- from the start
Slippage unknown: Coinbase International: live order book, just now; 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| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Coinbase International live order book, just now | 2.84 bp | 9.8 bp −$10 | 15.0 bp −$150 | doesn't fit | doesn'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.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GMX BNB/USD [WBTC.b-USDC] | L −0.0161% / S +0.0334% | 1h | 792.45 | +0.134% | $47K | — | 200x | as long as short |
| Kraken Futures PF_BNBUSD | −0.0132% | 1h | 792.66 | +0.161% | $2.5M | $1.0M | 50x | as long as short |
| Hotstuff BNB-PERP | −0.0080% | 1h | 794.04 | +0.335% | $4K | $239 | 25x | as long as short |
| Gate BNB_USDT | −0.0033% | 8h | 792.65 | +0.159% | $35.5M | $55.2M | 75x | as long as short |
| GRVT BNB_USDT_Perp | 0.0000% | 8h | 792.87 | +0.187% | $3.0M | $28.2M | 10x | as long as short |
| StandX BNB-USD | 0.0000% | 1h | 794.21 | +0.356% | $858K | $3.0M | 30x | as long as short |
| Variational Omni BNB | +0.0006% | 8h | 792.93 | +0.194% | $4.1M | $5.1M | — | as long as short |
| gTrade (Gains Network) BNB/USD | L +0.0008% / S −0.0007% | 1h | 792.45 | +0.134% | $9.7M | — | 150x | as long as short |
| Injective BNB/USDC PERP | +0.0033% | 1h | 805.09 | +1.731% | $19K | $789K | 30x | as long as short |
| Aster BNBUSDT | +0.0034% | 8h | 793.28 | +0.239% | $6.1M | $20.0M | 200x | as long as short |
GMX BNB/USD [WBTC.b-USDC]
Kraken Futures PF_BNBUSD
Hotstuff BNB-PERP
Gate BNB_USDT
GRVT BNB_USDT_Perp
StandX BNB-USD
Variational Omni BNB
gTrade (Gains Network) BNB/USD
Injective BNB/USDC PERP
Aster BNBUSDTShow all 46 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX BNB-USDT | +0.0036% | 8h | 792.97 | +0.200% | — | $35.0M | — | as long as short |
| dYdX BNB-USD | +0.0041% | 1h | 793.28 | +0.239% | $160K | $63K | 10x | as long as short |
| Phemex BNBUSDT | +0.0046% | 8h | 792.94 | +0.196% | $69.3M | $50.3M | 50x | as long as short |
| Coinbase International BNB-PERP-INTXlong | +0.0056% | 1h | 791.39 | long leg | $607K | $1.1M | 50x | |
| MEXC BNB_USDT | +0.0062% | 8h | 793.30 | +0.241% | $82.3M | $12.7M | 200x | as long as short |
| Binance BNBUSDT | +0.0063% | 8h | 793.10 | +0.216% | $493.4M | $817.2M | 75x | as long as short |
| Bybit BNBUSDT | +0.0074% | 8h | 792.49 | +0.139% | $138.0M | $77.0M | 75x | as long as short |
| Phoenix BNB | +0.0088% | 1h | 792.08 | +0.087% | $170K | $36K | 10x | as long as short |
| Lighter BNB | +0.0096% | 1h | 792.82 | +0.181% | $2.8M | $3.9M | 20x | as long as short |
| Orderly PERP_BNB_USDC | +0.0100% | 8h | 792.57 | +0.149% | $383K | $468K | 50x | as long as short |
| Nado BNB-PERP | +0.0100% | 1h | 792.75 | +0.172% | $1.4M | $2.7M | 20x | as long as short |
| Pacifica BNB | +0.0100% | 1h | 793.61 | +0.281% | $1.2M | $932K | 20x | as long as short |
| OKX BNB-USDT-SWAP | +0.0100% | 8h | 792.50 | +0.140% | $53.2M | $110.9M | 50x | as long as short |
| Arcus BNB-USD | +0.0100% | 1h | 793.30 | +0.241% | $52K | $134K | 10x | as long as short |
| KuCoin BNBUSDTM | +0.0100% | 8h | 792.54 | +0.145% | $27.7M | $10.0M | 75x | as long as short |
| Bitget BNBUSDT | +0.0100% | 8h | 792.48 | +0.138% | $77.4M | $28.3M | 75x | as long as short |
| edgeX BNBUSDC | +0.0100% | 4h | 792.62 | +0.155% | $4.1M | $76.6M | 30x | as long as short |
| ApeX Omni BNBUSDT | +0.0100% | 1h | 793.72 | +0.294% | $160K | $435K | 50x | as long as short |
| Polymarket Perps BNB-USD | +0.0100% | 1h | 792.88 | +0.188% | $112K | $887K | 10x | as long as short |
| Derive BNB-PERPshort | +0.0100% | 1h | 792.75 | +0.172% | $32K | $9K | 10x | |
| SunX BNB-USDT | +0.0100% | 8h | 793.16 | +0.223% | $13K | $1.6M | 50x | as long as short |
| SoDEX BNB-USD | +0.0100% | 1h | 792.80 | +0.178% | $390K | $995K | 10x | as long as short |
| HTX BNB-USDT | +0.0100% | 8h | 792.23 | +0.107% | $8.1M | $8.6M | 75x | as long as short |
| Paradex BNB-USD-PERP | +0.0100% | 8h | 793.56 | +0.274% | $77K | $17K | 50x | as long as short |
| Extended BNB-USD | +0.0104% | 1h | 792.25 | +0.108% | $1.7M | $6.0M | 50x | as long as short |
| Aevo BNB-PERP | +0.0104% | 1h | 792.53 | +0.143% | $381K | $110K | 10x | as long as short |
| Hyperliquid BNB | +0.0116% | 1h | 793.60 | +0.279% | $52.6M | $19.8M | 10x | as long as short |
| RISEx BNB/USDC | +0.0131% | 1h | 793.16 | +0.224% | $1.1M | $1.4M | 20x | as long as short |
| Bulk BNB-USD | +0.0139% | 1h | 794.97 | +0.452% | $646K | $10K | 10x | as long as short |
| Kalshi KXBNBPERP | +0.0158% | 8h | 793.50 | +0.267% | $106K | $2.8M | 4.8x | as long as short |
| BloFin BNB-USDT | +0.0182% | 8h | 794.06 | +0.337% | $18.1M | $2.5M | 75x | as long as short |
| 01 Exchange BNBUSD | +0.0232% | 1h | 793.66 | +0.287% | $28K | $1K | 10x | as long as short |
| Deribit BNB_USDC-PERPETUAL | +0.0300% | 1h | 793.04 | +0.208% | $1.6M | $161K | 25x | as long as short |
| Reya BNBRUSDPERP | +0.0329% | 1h | 791.96 | +0.072% | $6K | $3K | 40x | as long as short |
| Backpack BNB_USDC_PERP | +0.0367% | 1h | 793.54 | +0.272% | $2.7M | $5.7M | 40x | as long as short |
| Hibachi BNB/USDT-P | +0.0456% | 1h | 793.77 | +0.300% | $68K | $38K | 12x | as long as short |
BingX BNB-USDT
dYdX BNB-USD
Phemex BNBUSDT
MEXC BNB_USDT
Binance BNBUSDT
Bybit BNBUSDT
Phoenix BNB
Lighter BNB
Orderly PERP_BNB_USDC
Nado BNB-PERP
Pacifica BNB
OKX BNB-USDT-SWAP
Arcus BNB-USD
KuCoin BNBUSDTM
Bitget BNBUSDT
edgeX BNBUSDC
ApeX Omni BNBUSDT
Polymarket Perps BNB-USD
SunX BNB-USDT
SoDEX BNB-USD
HTX BNB-USDT
Paradex BNB-USD-PERP
Extended BNB-USD
Aevo BNB-PERP
Hyperliquid BNB
RISEx BNB/USDC
Bulk BNB-USD
Kalshi KXBNBPERP
BloFin BNB-USDT
01 Exchange BNBUSD
Deribit BNB_USDC-PERPETUAL
Reya BNBRUSDPERP
Backpack BNB_USDC_PERP
Hibachi BNB/USDT-P