BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0035%/8h= +3.8% APRnext payment +$0.04 per $10,000 · paid last 24h +0.007%

Price spread now: Phoenix against Derive−0.019%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Derive Short on Phoenix

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

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Derive BNB-PERP	787.83	0.0100	pay 0.0013% / 1h	5m 57s	$31K	$12K	10x
Short	Phoenix BNB	787.68	0.0135	get 0.0017% / 1h	5m 57s	$169K	$35K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against Derive. 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

Position, each leg$Hold fordaysFee DerivebpFee PhoenixbpOrdersPrice spread, now −0.019%Rate

Funding earned: $7.36
Price spread: −0.019% → 0.000%: −$1.86
Slippage, 4 orders: no order book: not counted
Fee Derive: 3 bp × 2 orders: −$6
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: −$7.5
Costs to cover: 0.130%
Break-even: 14.1 days

Slippage unknown: Derive: no order-book sample; Phoenix: live order book, 30 min ago. 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 Derive no order-book sample	—	—	—	—	—
Sell Phoenix live order book, 30 min ago	1.02 bp	12.4 bp −$12	43.2 bp −$432	doesn't fit	doesn't fit

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 −0.0170% / S +0.0337%	1h	787.65	−0.022%	$43K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	788.02	+0.025%	$4K	$42	25x	as long as short
StandX BNB-USD	0.0000%	1h	788.25	+0.054%	$850K	$2.7M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	787.67	−0.020%	$9.5M	—	150x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.191%	$19K	$789K	30x	as long as short
BingX BNB-USDC	+0.0049%	8h	787.55	−0.035%	—	$13.4M	—	as long as short
Aster BNBUSDT	+0.0050%	8h	788.04	+0.027%	$6.1M	$18.8M	200x	as long as short
MEXC BNB_USDT	+0.0059%	8h	788.80	+0.124%	$81.1M	$12.1M	200x	as long as short
Binance BNBUSDT	+0.0059%	8h	787.95	+0.016%	$490.4M	$820.8M	75x	as long as short
dYdX BNB-USD	+0.0062%	1h	787.95	+0.016%	$160K	$62K	10x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex BNBUSDT	+0.0072%	8h	788.21	+0.049%	$68.9M	$51.1M	50x	as long as short
Coinbase International BNB-PERP-INTX	+0.0080%	1h	787.43	−0.050%	$564K	$1.9M	50x	as long as short
Lighter BNB	+0.0096%	1h	787.71	−0.015%	$2.7M	$3.9M	20x	as long as short
Nado BNB-PERP	+0.0100%	1h	787.75	−0.010%	$1.4M	$2.7M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	788.24	+0.052%	$51.6M	$17.7M	10x	as long as short
Pacifica BNB	+0.0100%	1h	788.13	+0.039%	$1.2M	$933K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	787.40	−0.054%	$138.5M	$75.0M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	787.40	−0.054%	$53.6M	$113.3M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	787.90	+0.009%	$52K	$129K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	787.60	−0.029%	$37.9M	$59.5M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	787.23	−0.076%	$27.7M	$10.2M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	787.40	−0.054%	$76.5M	$31.6M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	788.02	+0.025%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	787.00	−0.104%	$4.0M	$4.8M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	787.68	−0.019%	$4.1M	$76.4M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	787.74	−0.011%	$159K	$438K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	787.76	−0.008%	$132K	$953K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	787.77	−0.007%	$265K	$470K	50x	as long as short
Derive BNB-PERPlong	+0.0100%	1h	787.83	long leg	$31K	$12K	10x
SunX BNB-USDT	+0.0100%	8h	788.00	+0.022%	$12K	$1.5M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	787.80	−0.003%	$387K	$979K	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	788.16	+0.043%	$8.0M	$10.2M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	788.79	+0.122%	$78K	$18K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	787.23	−0.076%	$1.8M	$5.9M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	787.48	−0.044%	$378K	$110K	10x	as long as short
Kalshi KXBNBPERP	+0.0117%	8h	788.40	+0.073%	$170K	$2.7M	4.8x	as long as short
Phoenix BNBshort	+0.0135%	1h	787.68	−0.019%	$169K	$35K	10x
BloFin BNB-USDT	+0.0180%	8h	788.23	+0.051%	$17.7M	$2.2M	75x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0200%	1h	787.97	+0.018%	$1.5M	$145K	25x	as long as short
Kraken Futures PF_BNBUSD	+0.0205%	1h	787.39	−0.055%	$2.5M	$1.2M	50x	as long as short
Bulk BNB-USD	+0.0222%	1h	787.85	+0.003%	$639K	$831	10x	as long as short
GRVT BNB_USDT_Perp	+0.0228%	8h	787.96	+0.017%	$2.9M	$29.3M	10x	as long as short
01 Exchange BNBUSD	+0.0248%	1h	788.44	+0.078%	$28K	$4K	10x	as long as short
Reya BNBRUSDPERP	+0.0321%	1h	787.60	−0.028%	$6K	$3K	40x	as long as short
RISEx BNB/USDC	+0.0438%	1h	788.09	+0.033%	$1.1M	$915K	20x	as long as short
Hibachi BNB/USDT-P	+0.0480%	1h	787.72	−0.014%	$67K	$39K	12x	as long as short