Funding you earn now, next payment 07:00 UTC−0.0004%/8h= −0.4% APRnext payment −$0.00 per $10,000 · paid last 24h +0.046%
Price spread now: Backpack against Extended+0.068%7-day average +0.187% · you sell dearer than you buy
Net, funding: paid 7d − costs−$3as in the Funding arb table
Net, price: spread back to 7d avg − costs−$28as in the Price arb table
costs, in and out, $10k−$170.165% of the position
Funding, last 7 days+0.133%+$13 on $10k
+Price spread, last 7 days+0.096%+$10 · spread now +0.068%, 7d avg +0.187%
=Together, before fees+0.230%+ Points / potential airdropExtended: Active · farm board+$23 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Backpack is 0.120% cheaper against Extended than usual: you would sell low and buy high, −$12 on $10k if it goes back to its 7-day average of +0.187%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended BNB-USD | 785.97 | 0.0104 | pay 0.0013% / 1h | 33m 31s | $1.8M | $6.1M | 50x |
| Short | Backpack BNB_USDC_PERP | 786.50 | 0.0100 | get 0.0013% / 1h | 33m 31s | $2.2M | $6.1M | 40x |
Extended BNB-USD
Backpack BNB_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against Extended. 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
- −$0.84
- Price spread: +0.068% → +0.187%
- −$11.95
- Slippage, 4 orders
- −$1.52
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$29.32
- Costs to cover
- 0.165%
- Break-even
- never at this rate
Slippage from Extended: live order book, 5 min ago; Backpack: live order book, 1 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 Extended live order book, 5 min ago | 0.06 bp | 2.6 bp −$3 | 3.8 bp −$38 | doesn't fit | doesn't fit |
| Sell Backpack live order book, 1 min ago | 0.06 bp | 5.3 bp −$5 | 9.0 bp −$90 | doesn't fit | doesn't fit |
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 | 785.92 | −0.006% | $43K | — | 200x | as long as short |
| Hotstuff BNB-PERP | −0.0080% | 1h | 786.27 | +0.038% | $4K | $42 | 25x | as long as short |
| StandX BNB-USD | 0.0000% | 1h | 786.56 | +0.075% | $848K | $2.8M | 30x | as long as short |
| gTrade (Gains Network) BNB/USD | L +0.0007% / S −0.0007% | 1h | 785.83 | −0.018% | $9.5M | — | 150x | as long as short |
| Injective BNB/USDC PERP | +0.0033% | 1h | 805.09 | +2.433% | $19K | $789K | 30x | as long as short |
| Aster BNBUSDT | +0.0050% | 8h | 786.88 | +0.116% | $6.0M | $18.8M | 200x | as long as short |
| BingX BNB-USDC | +0.0052% | 8h | 786.24 | +0.035% | — | $13.4M | — | as long as short |
| MEXC BNB_USDT | +0.0064% | 8h | 787.10 | +0.144% | $81.0M | $12.0M | 200x | as long as short |
| Binance BNBUSDT | +0.0064% | 8h | 786.98 | +0.129% | $490.3M | $814.4M | 75x | as long as short |
| dYdX BNB-USD | +0.0071% | 1h | 785.68 | −0.037% | $159K | $62K | 10x | 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
MEXC BNB_USDT
Binance BNBUSDT
dYdX BNB-USDShow all 46 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phemex BNBUSDT | +0.0076% | 8h | 786.47 | +0.064% | $68.8M | $51.0M | 50x | as long as short |
| Coinbase International BNB-PERP-INTX | +0.0080% | 1h | 786.88 | +0.116% | $568K | $1.9M | 50x | as long as short |
| Lighter BNB | +0.0096% | 1h | 786.36 | +0.049% | $2.7M | $3.8M | 20x | as long as short |
| Nado BNB-PERP | +0.0100% | 1h | 785.75 | −0.028% | $1.4M | $2.7M | 20x | as long as short |
| Hyperliquid BNB | +0.0100% | 1h | 787.00 | +0.131% | $51.5M | $17.6M | 10x | as long as short |
| Pacifica BNB | +0.0100% | 1h | 786.33 | +0.046% | $1.2M | $933K | 20x | as long as short |
| Bybit BNBUSDT | +0.0100% | 8h | 786.37 | +0.051% | $138.4M | $75.2M | 75x | as long as short |
| OKX BNB-USDT-SWAP | +0.0100% | 8h | 786.40 | +0.055% | $53.5M | $113.0M | 50x | as long as short |
| Arcus BNB-USD | +0.0100% | 1h | 786.50 | +0.068% | $52K | $129K | 10x | as long as short |
| Gate BNB_USDT | +0.0100% | 8h | 786.25 | +0.036% | $37.3M | $59.0M | 75x | as long as short |
| KuCoin BNBUSDTM | +0.0100% | 8h | 785.87 | −0.013% | $27.6M | $10.2M | 75x | as long as short |
| Bitget BNBUSDT | +0.0100% | 8h | 786.37 | +0.051% | $76.1M | $31.2M | 75x | as long as short |
| Backpack BNB_USDC_PERPshort | +0.0100% | 1h | 786.50 | +0.068% | $2.2M | $6.1M | 40x | |
| Variational Omni BNB | +0.0100% | 8h | 785.51 | −0.058% | $4.0M | $4.8M | — | as long as short |
| edgeX BNBUSDC | +0.0100% | 4h | 786.54 | +0.073% | $4.1M | $75.9M | 30x | as long as short |
| ApeX Omni BNBUSDT | +0.0100% | 1h | 786.24 | +0.035% | $158K | $437K | 50x | as long as short |
| Polymarket Perps BNB-USD | +0.0100% | 1h | 786.41 | +0.056% | $131K | $949K | 10x | as long as short |
| Orderly PERP_BNB_USDC | +0.0100% | 8h | 785.91 | −0.007% | $264K | $470K | 50x | as long as short |
| Derive BNB-PERP | +0.0100% | 1h | 786.03 | +0.008% | $31K | $12K | 10x | as long as short |
| SunX BNB-USDT | +0.0100% | 8h | 786.41 | +0.057% | $12K | $1.5M | 50x | as long as short |
| SoDEX BNB-USD | +0.0100% | 1h | 786.00 | +0.004% | $386K | $983K | 10x | as long as short |
| HTX BNB-USDT | +0.0100% | 8h | 786.03 | +0.008% | $8.0M | $10.1M | 75x | as long as short |
| Paradex BNB-USD-PERP | +0.0101% | 8h | 787.03 | +0.135% | $78K | $18K | 50x | as long as short |
| Extended BNB-USDlong | +0.0104% | 1h | 785.97 | long leg | $1.8M | $6.1M | 50x | |
| Aevo BNB-PERP | +0.0104% | 1h | 785.93 | −0.004% | $378K | $110K | 10x | as long as short |
| Phoenix BNB | +0.0135% | 1h | 786.26 | +0.037% | $169K | $35K | 10x | as long as short |
| Kalshi KXBNBPERP | +0.0135% | 8h | 786.50 | +0.068% | $170K | $2.7M | 4.8x | as long as short |
| BloFin BNB-USDT | +0.0184% | 8h | 786.45 | +0.061% | $17.7M | $2.2M | 75x | as long as short |
| Kraken Futures PF_BNBUSD | +0.0206% | 1h | 785.71 | −0.033% | $2.5M | $1.2M | 50x | as long as short |
| GRVT BNB_USDT_Perp | +0.0228% | 8h | 786.80 | +0.106% | $2.9M | $29.5M | 10x | as long as short |
| 01 Exchange BNBUSD | +0.0248% | 1h | 786.90 | +0.118% | $28K | $4K | 10x | as long as short |
| Bulk BNB-USD | +0.0305% | 1h | 787.08 | +0.142% | $638K | $4K | 10x | as long as short |
| Reya BNBRUSDPERP | +0.0322% | 1h | 786.21 | +0.030% | $6K | $3K | 40x | as long as short |
| Deribit BNB_USDC-PERPETUAL | +0.0400% | 1h | 786.40 | +0.055% | $1.5M | $143K | 25x | as long as short |
| RISEx BNB/USDC | +0.0438% | 1h | 786.60 | +0.080% | $1.1M | $914K | 20x | as long as short |
| Hibachi BNB/USDT-P | +0.0536% | 1h | 786.20 | +0.029% | $67K | $39K | 12x | as long as short |
Phemex BNBUSDT
Coinbase International BNB-PERP-INTX
Lighter BNB
Nado BNB-PERP
Hyperliquid BNB
Pacifica BNB
Bybit BNBUSDT
OKX BNB-USDT-SWAP
Arcus BNB-USD
Gate BNB_USDT
KuCoin BNBUSDTM
Bitget BNBUSDT
Variational Omni BNB
edgeX BNBUSDC
ApeX Omni BNBUSDT
Polymarket Perps BNB-USD
Orderly PERP_BNB_USDC
Derive BNB-PERP
SunX BNB-USDT
SoDEX BNB-USD
HTX BNB-USDT
Paradex BNB-USD-PERP
Aevo BNB-PERP
Phoenix BNB
Kalshi KXBNBPERP
BloFin BNB-USDT
Kraken Futures PF_BNBUSD
GRVT BNB_USDT_Perp
01 Exchange BNBUSD
Bulk BNB-USD
Reya BNBRUSDPERP
Deribit BNB_USDC-PERPETUAL
RISEx BNB/USDC
Hibachi BNB/USDT-P