Funding you earn now, next payment 04:00 UTC−0.0061%/8h= −6.7% APRpaid last 24h −0.095%
Price spread now: Binance against dYdX+0.009%7-day average +0.082% · you sell dearer than you buy
Net, funding: paid 7d − costs−$93as in the Funding arb table
Net, price: spread back to 7d avg − costs−$53as in the Price arb table
costs, in and out, $10k−$460.458% of the position
Funding, last 7 days−0.476%−$48 on $10k
+Price spread, last 4 days (all we have)+0.090%+$9 · spread now +0.009%, 7d avg +0.082%
=Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Binance is 0.073% cheaper against dYdX than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of +0.082%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | dYdX BNB-USD | 789.35 | 0.0123 | pay 0.0015% / 1h | 18m 21s | $160K | $64K | 10x |
| Short | Binance BNBUSDT | 789.42 | 0.0062 | get 0.0062% / 8h | 4h 18m | $492.6M | $789.6M | 75x |
dYdX BNB-USD
Binance BNBUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against dYdX. 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
- −$12.78
- Price spread: +0.009% → +0.082%
- −$7.28
- Slippage, 4 orders
- −$25.77
- Fee dYdX: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$65.83
- Costs to cover
- 0.458%
- Break-even
- never at this rate
Slippage from dYdX: live order book, 41 min ago; Binance: live order book, 11 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 dYdX live order book, 41 min ago | 11.42 bp | 16.4 bp −$16 | 25.9 bp −$259 | 30.9 bp −$3,091 | 143.4 bp −$71.7K |
| Sell Binance live order book, 11 min ago | 0.06 bp | 6.7 bp −$7 | 8.5 bp −$85 | 20.8 bp −$2,082 | 46.1 bp −$23.1K |
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 −0.0187% / S +0.0352% | 1h | 788.82 | −0.067% | $46K | — | 200x | as long as short |
| Hotstuff BNB-PERP | −0.0080% | 1h | 789.17 | −0.023% | $4K | $42 | 25x | as long as short |
| StandX BNB-USD | 0.0000% | 1h | 789.43 | +0.010% | $851K | $3.2M | 30x | as long as short |
| gTrade (Gains Network) BNB/USD | L +0.0007% / S −0.0007% | 1h | 788.91 | −0.056% | $9.5M | — | 150x | as long as short |
| Injective BNB/USDC PERP | +0.0033% | 1h | 805.09 | +1.994% | $19K | $789K | 30x | as long as short |
| Aster BNBUSDT | +0.0038% | 8h | 789.53 | +0.023% | $6.1M | $18.7M | 200x | as long as short |
| BingX BNB-USDC | +0.0051% | 8h | 789.14 | −0.027% | — | $13.4M | — | as long as short |
| Phemex BNBUSDT | +0.0058% | 8h | 789.76 | +0.052% | $69.1M | $50.0M | 50x | as long as short |
| Binance BNBUSDTshort | +0.0062% | 8h | 789.42 | +0.009% | $492.6M | $789.6M | 75x | |
| MEXC BNB_USDT | +0.0062% | 8h | 789.70 | +0.044% | $80.1M | $12.4M | 200x | as long as short |
GMX BNB/USD [WBTC.b-USDC]
Hotstuff BNB-PERP
StandX BNB-USD
gTrade (Gains Network) BNB/USD
Injective BNB/USDC PERP
Aster BNBUSDT
BingX BNB-USDC
Phemex BNBUSDT
MEXC BNB_USDTShow all 46 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International BNB-PERP-INTX | +0.0064% | 1h | 789.45 | +0.013% | $582K | $1.9M | 50x | as long as short |
| Lighter BNB | +0.0096% | 1h | 789.00 | −0.044% | $2.7M | $3.8M | 20x | as long as short |
| Orderly PERP_BNB_USDC | +0.0100% | 8h | 788.96 | −0.049% | $265K | $492K | 50x | as long as short |
| Nado BNB-PERP | +0.0100% | 1h | 788.70 | −0.082% | $1.5M | $2.6M | 20x | as long as short |
| Hyperliquid BNB | +0.0100% | 1h | 789.43 | +0.010% | $51.8M | $17.5M | 10x | as long as short |
| Pacifica BNB | +0.0100% | 1h | 789.12 | −0.029% | $1.2M | $931K | 20x | as long as short |
| Bybit BNBUSDT | +0.0100% | 8h | 788.74 | −0.077% | $138.7M | $74.6M | 75x | as long as short |
| OKX BNB-USDT-SWAP | +0.0100% | 8h | 788.60 | −0.095% | $53.4M | $111.2M | 50x | as long as short |
| Arcus BNB-USD | +0.0100% | 1h | 789.20 | −0.019% | $52K | $130K | 10x | as long as short |
| Gate BNB_USDT | +0.0100% | 8h | 788.85 | −0.063% | $35.5M | $57.4M | 75x | as long as short |
| KuCoin BNBUSDTM | +0.0100% | 8h | 788.84 | −0.065% | $28.1M | $10.4M | 75x | as long as short |
| Bitget BNBUSDT | +0.0100% | 8h | 788.65 | −0.089% | $76.3M | $30.1M | 75x | as long as short |
| Backpack BNB_USDC_PERP | +0.0100% | 1h | 789.43 | +0.010% | $2.2M | $6.1M | 40x | as long as short |
| Variational Omni BNB | +0.0100% | 8h | 788.80 | −0.069% | $4.1M | $4.6M | — | as long as short |
| edgeX BNBUSDC | +0.0100% | 4h | 789.71 | +0.045% | $4.1M | $73.3M | 30x | as long as short |
| ApeX Omni BNBUSDT | +0.0100% | 1h | 789.71 | +0.046% | $159K | $440K | 50x | as long as short |
| Polymarket Perps BNB-USD | +0.0100% | 1h | 788.78 | −0.072% | $133K | $950K | 10x | as long as short |
| Derive BNB-PERP | +0.0100% | 1h | 789.31 | −0.005% | $31K | $12K | 10x | as long as short |
| SunX BNB-USDT | +0.0100% | 8h | 789.82 | +0.060% | $12K | $1.5M | 50x | as long as short |
| SoDEX BNB-USD | +0.0100% | 1h | 789.40 | +0.006% | $388K | $1.0M | 10x | as long as short |
| HTX BNB-USDT | +0.0100% | 8h | 789.11 | −0.030% | $8.1M | $9.5M | 75x | as long as short |
| Paradex BNB-USD-PERP | +0.0101% | 8h | 789.68 | +0.042% | $77K | $17K | 50x | as long as short |
| Extended BNB-USD | +0.0104% | 1h | 788.69 | −0.083% | $1.8M | $5.9M | 50x | as long as short |
| Aevo BNB-PERP | +0.0104% | 1h | 789.33 | −0.003% | $379K | $110K | 10x | as long as short |
| Phoenix BNB | +0.0117% | 1h | 789.49 | +0.018% | $170K | $35K | 10x | as long as short |
| dYdX BNB-USDlong | +0.0123% | 1h | 789.35 | long leg | $160K | $64K | 10x | |
| GRVT BNB_USDT_Perp | +0.0148% | 8h | 789.97 | +0.078% | $2.9M | $28.6M | 10x | as long as short |
| Kalshi KXBNBPERP | +0.0176% | 8h | 789.80 | +0.057% | $125K | $2.7M | 4.8x | as long as short |
| BloFin BNB-USDT | +0.0183% | 8h | 789.85 | +0.063% | $18.2M | $2.2M | 75x | as long as short |
| Deribit BNB_USDC-PERPETUAL | +0.0200% | 1h | 789.61 | +0.032% | $1.5M | $143K | 25x | as long as short |
| Bulk BNB-USD | +0.0222% | 1h | 790.13 | +0.099% | $640K | $9K | 10x | as long as short |
| 01 Exchange BNBUSD | +0.0232% | 1h | 789.37 | +0.003% | $28K | $4K | 10x | as long as short |
| Kraken Futures PF_BNBUSD | +0.0263% | 1h | 789.01 | −0.043% | $2.5M | $1.2M | 50x | as long as short |
| Reya BNBRUSDPERP | +0.0326% | 1h | 788.59 | −0.096% | $6K | $3K | 40x | as long as short |
| Hibachi BNB/USDT-P | +0.0400% | 1h | 789.48 | +0.017% | $67K | $38K | 12x | as long as short |
| RISEx BNB/USDC | +0.0461% | 1h | 789.26 | −0.011% | $1.1M | $967K | 20x | as long as short |
Coinbase International BNB-PERP-INTX
Lighter BNB
Orderly PERP_BNB_USDC
Nado BNB-PERP
Hyperliquid BNB
Pacifica BNB
Bybit BNBUSDT
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
Phoenix BNB
GRVT BNB_USDT_Perp
Kalshi KXBNBPERP
BloFin BNB-USDT
Deribit BNB_USDC-PERPETUAL
Bulk BNB-USD
01 Exchange BNBUSD
Kraken Futures PF_BNBUSD
Reya BNBRUSDPERP
Hibachi BNB/USDT-P
RISEx BNB/USDC