BNB

Alert

Funding spread now, next payment 16:00 UTC−0.0355%/8h

next payment, per $10,000−$0.44paid, last 24h−0.001%paid, last 5 days−0.055%to open and close $10k−$40

The current rate is far above what this pair has been paying: over the last 5 days it paid -0.055% in total (about -4.3% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.44 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	Deribit BNB_USDC-PERPETUAL	798.85	0.0500	pay 0.0063% / 1h	14m 00s	$1.6M	$167K	25x
Short	Phoenix BNB	798.12	0.0145	get 0.0018% / 1h	14m 00s	$170K	$31K	10x

Funding history

latest

Range statsloading…

Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee DeribitbpFee PhoenixbpOrdersRate

Funding earned: −$74.47
Slippage, 4 orders: −$25.87
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: −$114.34
Break-even: never at this rate

Slippage from Deribit: live order book, 1 min ago; Phoenix: live order book, 27 min ago.

Price risk

price view

Price gap now: −0.091%
Avg gap 7d: +0.041%

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 Deribit live order book, 1 min ago	2.51 bp	8.6 bp −$9	16.7 bp −$167	doesn't fit	doesn't fit
Sell Phoenix live order book, 27 min ago	1.00 bp	12.4 bp −$12	43.2 bp −$432	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 −0.0185% / S +0.0363%	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	$194K	$2.8M	4.8x	as long as short
StandX BNB-USD	0.0000%	1h	$863K	$3.3M	30x	as long as short
BingX BNB-USDT	+0.0001%	8h	—	$33.3M	—	as long as short
Bybit BNBUSDT	+0.0005%	8h	$139.1M	$92.4M	75x	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	$437K	30x	as long as short
Variational Omni BNB	+0.0036%	8h	$4.0M	$6.4M	—	as long as short
Coinbase International BNB-PERP-INTX	+0.0064%	1h	$603K	$926K	50x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Lighter BNB	+0.0096%	1h	$2.6M	$3.4M	20x	as long as short
Nado BNB-PERP	+0.0100%	1h	$1.5M	$2.8M	20x	as long as short
Pacifica BNB	+0.0100%	1h	$1.2M	$912K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	$54.5M	$117.2M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	$52K	$244K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	$36.2M	$60.9M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	$27.9M	$10.6M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	$77.8M	$25.4M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	$2.2M	$3.9M	40x	as long as short
edgeX BNBUSDC	+0.0100%	4h	$4.1M	$77.8M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	$157K	$438K	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	$322K	$658K	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	$1.8M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	$393K	$1.0M	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	$8.1M	$6.1M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	$78K	$421K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	$1.7M	$6.2M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	$384K	$37K	10x	as long as short
Aster BNBUSDT	+0.0115%	8h	$6.2M	$19.4M	200x	as long as short
MEXC BNB_USDT	+0.0117%	8h	$84.1M	$16.8M	200x	as long as short
Binance BNBUSDT	+0.0118%	8h	$515.2M	$810.5M	75x	as long as short
Bulk BNB-USD	+0.0138%	1h	$648K	$132K	10x	as long as short
Phemex BNBUSDT	+0.0141%	8h	$70.1M	$51.8M	50x	as long as short
Phoenix BNBshort	+0.0145%	1h	$170K	$31K	10x
Hibachi BNB/USDT-P	+0.0184%	1h	$71K	$47K	12x	as long as short
Kraken Futures PF_BNBUSD	+0.0217%	1h	$2.5M	$900K	50x	as long as short
BloFin BNB-USDT	+0.0238%	8h	$19.1M	$3.0M	75x	as long as short
01 Exchange BNBUSD	+0.0264%	1h	$28K	$1K	10x	as long as short
RISEx BNB/USDC	+0.0271%	1h	$1.1M	$1.5M	20x	as long as short
Reya BNBRUSDPERP	+0.0329%	1h	$9K	—	40x	as long as short
Hyperliquid BNB	+0.0425%	1h	$51.9M	$21.7M	10x	as long as short
Deribit BNB_USDC-PERPETUALlong	+0.0500%	1h	$1.6M	$167K	25x
dYdX BNB-USD	+0.0523%	1h	$173K	$53K	10x	as long as short