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Funding arb · Price arb /

BNB

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Alert: funding
Measured
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Alert: spread
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding you earn now, next payment 06:00 UTC−0.0041%/8h= −4.4% APRnext payment −$0.05 per $10,000 · paid last 24h −0.089%
Price spread now: Derive against dYdX+0.058%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on dYdXShort on Derive
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 pays, funding is against you. Derive is 0.058% dearer against dYdX than usual: you sell high and buy low (spread +0.058% now, against zero (this spread has no 7-day history yet)): +$6 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 4.8 days.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongdYdX BNB-USD784.340.0141pay 0.0018% / 1h29m 15s$159K$61K10x
ShortDerive BNB-PERP784.800.0100get 0.0013% / 1h29m 15s$31K$12K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Derive against dYdX. 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

Funding earned
−$8.53
Price spread: +0.058% → 0.000%
$5.81
Slippage, 4 orders
no order book: not counted
Fee dYdX: 5 bp × 2 orders
−$10
Fee Derive: 3 bp × 2 orders
−$6
Net
−$18.72
Costs to cover
0.160%
Break-even
never at this rate
Slippage unknown: dYdX: live order book, 20 min ago; 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
LegHalf-spread$10k$100k$1M$5M
Buy dYdX live order book, 20 min ago11.80 bp26.3 bp −$26147.9 bp −$1,479224.5 bp −$22.5K443.5 bp −$221.8K
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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GMX BNB/USD [WBTC.b-USDC]L −0.0192% / S +0.0356%1h784.56+0.028%$46K—200xas long as short
Hotstuff BNB-PERP−0.0080%1h785.16+0.104%$4K$4225xas long as short
StandX BNB-USD0.0000%1h785.52+0.150%$847K$3.0M30xas long as short
gTrade (Gains Network) BNB/USDL +0.0007% / S −0.0007%1h784.65+0.039%$9.5M—150xas long as short
Aster BNBUSDT+0.0030%8h785.11+0.098%$6.1M$18.9M200xas long as short
Injective BNB/USDC PERP+0.0033%1h805.09+2.645%$19K$789K30xas long as short
BingX BNB-USDC+0.0041%8h784.73+0.049%—$13.4M—as long as short
Phemex BNBUSDT+0.0050%8h784.99+0.082%$68.7M$50.6M50xas long as short
MEXC BNB_USDT+0.0052%8h785.40+0.135%$79.6M$11.9M200xas long as short
Binance BNBUSDT+0.0054%8h785.14+0.102%$489.1M$809.6M75xas long as short
Show all 46 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_BNBUSD+0.0069%1h784.340.000%$2.5M$1.2M50xas long as short
Coinbase International BNB-PERP-INTX+0.0080%1h784.32−0.003%$577K$1.9M50xas long as short
Lighter BNB+0.0096%1h784.63+0.037%$2.7M$3.8M20xas long as short
Orderly PERP_BNB_USDC+0.0100%8h784.74+0.051%$264K$489K50xas long as short
Nado BNB-PERP+0.0100%1h784.40+0.007%$1.4M$2.7M20xas long as short
Hyperliquid BNB+0.0100%1h785.38+0.132%$51.4M$17.6M10xas long as short
Pacifica BNB+0.0100%1h784.88+0.068%$1.2M$933K20xas long as short
Bybit BNBUSDT+0.0100%8h784.39+0.006%$137.8M$74.6M75xas long as short
OKX BNB-USDT-SWAP+0.0100%8h784.20−0.018%$53.3M$112.2M50xas long as short
Arcus BNB-USD+0.0100%1h785.20+0.109%$52K$129K10xas long as short
Gate BNB_USDT+0.0100%8h784.65+0.039%$36.4M$58.7M75xas long as short
KuCoin BNBUSDTM+0.0100%8h784.62+0.035%$27.5M$10.3M75xas long as short
Bitget BNBUSDT+0.0100%8h784.27−0.009%$75.9M$30.9M75xas long as short
Backpack BNB_USDC_PERP+0.0100%1h784.83+0.062%$2.2M$6.1M40xas long as short
Variational Omni BNB+0.0100%8h784.13−0.027%$4.0M$4.8M—as long as short
edgeX BNBUSDC+0.0100%4h785.38+0.132%$4.1M$75.1M30xas long as short
ApeX Omni BNBUSDT+0.0100%1h785.10+0.096%$158K$439K50xas long as short
Polymarket Perps BNB-USD+0.0100%1h784.88+0.068%$131K$954K10xas long as short
Derive BNB-PERPshort+0.0100%1h784.80+0.058%$31K$12K10x
SunX BNB-USDT+0.0100%8h785.66+0.168%$12K$1.5M50xas long as short
SoDEX BNB-USD+0.0100%1h784.60+0.033%$386K$994K10xas long as short
HTX BNB-USDT+0.0100%8h784.67+0.042%$8.0M$10.0M75xas long as short
Paradex BNB-USD-PERP+0.0100%8h784.97+0.080%$76K$17K50xas long as short
Extended BNB-USD+0.0104%1h784.39+0.006%$1.8M$6.2M50xas long as short
Aevo BNB-PERP+0.0104%1h784.97+0.080%$377K$110K10xas long as short
Phoenix BNB+0.0107%1h785.13+0.100%$169K$35K10xas long as short
Kalshi KXBNBPERP+0.0139%8h785.10+0.096%$154K$2.7M4.8xas long as short
dYdX BNB-USDlong+0.0141%1h784.34long leg$159K$61K10x
BloFin BNB-USDT+0.0174%8h785.33+0.126%$17.7M$2.2M75xas long as short
GRVT BNB_USDT_Perp+0.0206%8h784.96+0.079%$2.9M$29.3M10xas long as short
01 Exchange BNBUSD+0.0288%1h785.88+0.196%$28K$4K10xas long as short
Bulk BNB-USD+0.0298%1h785.69+0.172%$637K$4K10xas long as short
Reya BNBRUSDPERP+0.0323%1h784.61+0.034%$6K$3K40xas long as short
Deribit BNB_USDC-PERPETUAL+0.0400%1h785.13+0.101%$1.5M$143K25xas long as short
RISEx BNB/USDC+0.0432%1h785.38+0.133%$1.1M$909K20xas long as short
Hibachi BNB/USDT-P+0.0496%1h785.03+0.087%$67K$39K12xas long as short