Funding you earn now, next payment 02:00 UTC−0.0004%/8h= −0.4% APRnext payment −$0.00 per $10,000 · paid last 24h −0.006%
Price spread now: Derive against Extended+0.056%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Derive is 0.056% dearer against Extended than usual: you sell high and buy low, +$6 on $10k if it goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended BNB-USD | 792.75 | 0.0104 | pay 0.0013% / 1h | 46m 24s | $1.7M | $6.0M | 50x |
| Short | Derive BNB-PERP | 793.19 | 0.0100 | get 0.0013% / 1h | 46m 24s | $32K | $9K | 10x |
Extended BNB-USD
Derive BNB-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Derive 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: +0.056% → 0.000%
- $5.58
- Slippage, 4 orders
- no order book: not counted
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Derive: 3 bp × 2 orders
- −$6
- Net
- −$6.26
- Costs to cover
- 0.110%
- Break-even
- never at this rate
Slippage unknown: Extended: live order book, 3 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| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Extended live order book, 3 min ago | 0.06 bp | 4.0 bp −$4 | 5.4 bp −$54 | doesn't fit | doesn't fit |
| 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.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GMX BNB/USD [WBTC.b-USDC] | L −0.0161% / S +0.0334% | 1h | 792.73 | −0.002% | $47K | — | 200x | as long as short |
| Kraken Futures PF_BNBUSD | −0.0132% | 1h | 792.99 | +0.030% | $2.5M | $1.0M | 50x | as long as short |
| Hotstuff BNB-PERP | −0.0080% | 1h | 793.03 | +0.036% | $4K | $239 | 25x | as long as short |
| Gate BNB_USDT | −0.0024% | 8h | 792.80 | +0.007% | $35.4M | $55.4M | 75x | as long as short |
| StandX BNB-USD | 0.0000% | 1h | 793.57 | +0.104% | $858K | $3.0M | 30x | as long as short |
| GRVT BNB_USDT_Perp | +0.0002% | 8h | 793.91 | +0.146% | $3.0M | $28.4M | 10x | as long as short |
| gTrade (Gains Network) BNB/USD | L +0.0008% / S −0.0007% | 1h | 792.91 | +0.020% | $9.7M | — | 150x | as long as short |
| Variational Omni BNB | +0.0010% | 8h | 792.53 | −0.028% | $4.1M | $5.0M | — | as long as short |
| Aster BNBUSDT | +0.0033% | 8h | 793.45 | +0.088% | $6.1M | $19.9M | 200x | as long as short |
| Injective BNB/USDC PERP | +0.0033% | 1h | 805.09 | +1.557% | $19K | $789K | 30x | as long as short |
GMX BNB/USD [WBTC.b-USDC]
Kraken Futures PF_BNBUSD
Hotstuff BNB-PERP
Gate BNB_USDT
StandX BNB-USD
GRVT BNB_USDT_Perp
gTrade (Gains Network) BNB/USD
Variational Omni BNB
Aster BNBUSDT
Injective BNB/USDC PERPShow all 46 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX BNB-USDC | +0.0036% | 8h | 793.00 | +0.032% | — | $13.4M | — | as long as short |
| dYdX BNB-USD | +0.0039% | 1h | 793.14 | +0.050% | $160K | $63K | 10x | as long as short |
| Phemex BNBUSDT | +0.0046% | 8h | 793.29 | +0.068% | $69.3M | $50.3M | 50x | as long as short |
| Coinbase International BNB-PERP-INTX | +0.0056% | 1h | 792.52 | −0.029% | $608K | $1.1M | 50x | as long as short |
| MEXC BNB_USDT | +0.0062% | 8h | 793.60 | +0.107% | $82.3M | $12.7M | 200x | as long as short |
| Binance BNBUSDT | +0.0062% | 8h | 793.56 | +0.102% | $493.7M | $814.7M | 75x | as long as short |
| Phoenix BNB | +0.0088% | 1h | 792.08 | −0.084% | $170K | $36K | 10x | as long as short |
| Bybit BNBUSDT | +0.0089% | 8h | 793.00 | +0.032% | $138.2M | $77.0M | 75x | as long as short |
| Lighter BNB | +0.0096% | 1h | 793.03 | +0.035% | $2.8M | $3.9M | 20x | as long as short |
| Orderly PERP_BNB_USDC | +0.0100% | 8h | 792.95 | +0.026% | $383K | $409K | 50x | as long as short |
| Nado BNB-PERP | +0.0100% | 1h | 792.75 | 0.000% | $1.4M | $2.7M | 20x | as long as short |
| Pacifica BNB | +0.0100% | 1h | 793.16 | +0.052% | $1.2M | $932K | 20x | as long as short |
| OKX BNB-USDT-SWAP | +0.0100% | 8h | 792.90 | +0.019% | $53.2M | $111.1M | 50x | as long as short |
| Arcus BNB-USD | +0.0100% | 1h | 793.10 | +0.044% | $52K | $134K | 10x | as long as short |
| KuCoin BNBUSDTM | +0.0100% | 8h | 792.67 | −0.010% | $27.7M | $10.0M | 75x | as long as short |
| Bitget BNBUSDT | +0.0100% | 8h | 792.84 | +0.012% | $77.4M | $28.3M | 75x | as long as short |
| edgeX BNBUSDC | +0.0100% | 4h | 793.89 | +0.145% | $4.1M | $76.8M | 30x | as long as short |
| ApeX Omni BNBUSDT | +0.0100% | 1h | 793.99 | +0.157% | $160K | $435K | 50x | as long as short |
| Polymarket Perps BNB-USD | +0.0100% | 1h | 792.66 | −0.011% | $112K | $887K | 10x | as long as short |
| Derive BNB-PERPshort | +0.0100% | 1h | 793.19 | +0.056% | $32K | $9K | 10x | |
| SunX BNB-USDT | +0.0100% | 8h | 793.39 | +0.081% | $13K | $1.6M | 50x | as long as short |
| SoDEX BNB-USD | +0.0100% | 1h | 793.10 | +0.044% | $390K | $995K | 10x | as long as short |
| HTX BNB-USDT | +0.0100% | 8h | 792.29 | −0.057% | $8.1M | $8.7M | 75x | as long as short |
| Paradex BNB-USD-PERP | +0.0100% | 8h | 793.49 | +0.094% | $77K | $17K | 50x | as long as short |
| Extended BNB-USDlong | +0.0104% | 1h | 792.75 | long leg | $1.7M | $6.0M | 50x | |
| Aevo BNB-PERP | +0.0104% | 1h | 793.08 | +0.042% | $381K | $110K | 10x | as long as short |
| Hyperliquid BNB | +0.0123% | 1h | 793.48 | +0.092% | $52.6M | $19.8M | 10x | as long as short |
| RISEx BNB/USDC | +0.0131% | 1h | 793.05 | +0.039% | $1.1M | $1.4M | 20x | as long as short |
| Kalshi KXBNBPERP | +0.0159% | 8h | 793.30 | +0.070% | $106K | $2.8M | 4.8x | as long as short |
| Bulk BNB-USD | +0.0167% | 1h | 793.21 | +0.058% | $644K | $10K | 10x | as long as short |
| BloFin BNB-USDT | +0.0182% | 8h | 794.06 | +0.166% | $18.1M | $2.5M | 75x | as long as short |
| 01 Exchange BNBUSD | +0.0240% | 1h | 793.55 | +0.101% | $28K | $2K | 10x | as long as short |
| Reya BNBRUSDPERP | +0.0329% | 1h | 792.51 | −0.030% | $6K | $3K | 40x | as long as short |
| Backpack BNB_USDC_PERP | +0.0366% | 1h | 793.53 | +0.099% | $2.7M | $5.7M | 40x | as long as short |
| Deribit BNB_USDC-PERPETUAL | +0.0400% | 1h | 793.57 | +0.104% | $1.6M | $161K | 25x | as long as short |
| Hibachi BNB/USDT-P | +0.0472% | 1h | 793.05 | +0.038% | $68K | $38K | 12x | as long as short |
BingX BNB-USDC
dYdX BNB-USD
Phemex BNBUSDT
Coinbase International BNB-PERP-INTX
MEXC BNB_USDT
Binance BNBUSDT
Phoenix BNB
Bybit BNBUSDT
Lighter BNB
Orderly PERP_BNB_USDC
Nado BNB-PERP
Pacifica BNB
OKX BNB-USDT-SWAP
Arcus BNB-USD
KuCoin BNBUSDTM
Bitget BNBUSDT
edgeX BNBUSDC
ApeX Omni BNBUSDT
Polymarket Perps BNB-USD
SunX BNB-USDT
SoDEX BNB-USD
HTX BNB-USDT
Paradex BNB-USD-PERP
Aevo BNB-PERP
Hyperliquid BNB
RISEx BNB/USDC
Kalshi KXBNBPERP
Bulk BNB-USD
BloFin BNB-USDT
01 Exchange BNBUSD
Reya BNBRUSDPERP
Backpack BNB_USDC_PERP
Deribit BNB_USDC-PERPETUAL
Hibachi BNB/USDT-P