BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0092%/8h= +10.1% APRpaid last 24h +0.028%

Price spread now: Orderly against gTrade (Gains Network)−0.013%7-day average +0.036% · you buy dearer than you sell

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

Long on gTrade (Gains Network)Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.091%+$9 on $10k

Price spread, last 3 days (all we have)+0.024%+$2 · spread now −0.013%, 7d avg +0.036%

Together, before fees+0.115%+$11 on $10k · with fees, hour by hour

Funding pays, the price is against you. Orderly is 0.048% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.013% now, against its 7-day average of +0.036%). If the spread goes back, that is −$5 on $10k: about 42 hours of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) BNB/USD	793.19	L +0.0008% / S −0.0007%	pay 0.0001% / 1h	16m 48s	$9.7M	—	150x
Short	Orderly PERP_BNB_USDC	793.09	0.0100	get 0.0100% / 8h	6h 16m	$383K	$409K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee OrderlybpOrdersPrice spread, now −0.013%Rate

Funding earned: $19.4
Price spread: −0.013% → +0.036%: −$4.83
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$1.44
Costs to cover: 0.160%
Break-even: 7.5 days

Slippage unknown: gTrade (Gains Network): virtual book (oracle venue), 2 min ago; Orderly: 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 gTrade (Gains Network) virtual book (oracle venue), 2 min ago	130.01 bp	135.0 bp −$135	135.0 bp −$1,350	416.8 bp −$41.7K	2253.7 bp −$1.13M
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: 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 45 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 −0.0167% / S +0.0335%	1h	793.12	−0.009%	$46K	—	200x	as long as short
Kraken Futures PF_BNBUSD	−0.0132%	1h	793.36	+0.022%	$2.5M	$1.0M	50x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	793.57	+0.048%	$4K	$239	25x	as long as short
StandX BNB-USD	0.0000%	1h	793.90	+0.090%	$858K	$3.1M	30x	as long as short
gTrade (Gains Network) BNB/USDlong	L +0.0008% / S −0.0007%	1h	793.19	long leg	$9.7M	—	150x
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+1.500%	$19K	$789K	30x	as long as short
Aster BNBUSDT	+0.0034%	8h	793.97	+0.098%	$6.1M	$19.7M	200x	as long as short
Variational Omni BNB	+0.0038%	8h	794.10	+0.115%	$4.1M	$4.9M	—	as long as short
Phemex BNBUSDT	+0.0049%	8h	793.89	+0.088%	$69.4M	$50.7M	50x	as long as short
BingX BNB-USDC	+0.0050%	8h	793.47	+0.035%	—	$13.4M	—	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International BNB-PERP-INTX	+0.0056%	1h	795.53	+0.295%	$610K	$1.1M	50x	as long as short
MEXC BNB_USDT	+0.0061%	8h	794.10	+0.115%	$82.5M	$12.8M	200x	as long as short
Gate BNB_USDT	+0.0062%	8h	793.25	+0.008%	$35.4M	$56.6M	75x	as long as short
Binance BNBUSDT	+0.0062%	8h	793.90	+0.090%	$493.8M	$810.1M	75x	as long as short
GRVT BNB_USDT_Perp	+0.0069%	8h	793.89	+0.088%	$3.0M	$28.4M	10x	as long as short
dYdX BNB-USD	+0.0081%	1h	792.96	−0.029%	$160K	$63K	10x	as long as short
Phoenix BNB	+0.0088%	1h	794.20	+0.127%	$171K	$36K	10x	as long as short
Lighter BNB	+0.0096%	1h	793.56	+0.046%	$2.8M	$4.0M	20x	as long as short
Orderly PERP_BNB_USDCshort	+0.0100%	8h	793.09	−0.013%	$383K	$409K	50x
Nado BNB-PERP	+0.0100%	1h	793.06	−0.017%	$1.4M	$2.7M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	794.23	+0.131%	$52.0M	$19.3M	10x	as long as short
Pacifica BNB	+0.0100%	1h	793.52	+0.042%	$1.2M	$915K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	793.30	+0.014%	$138.7M	$75.6M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	793.10	−0.011%	$53.2M	$110.2M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	793.40	+0.026%	$52K	$134K	10x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	793.14	−0.006%	$27.7M	$10.1M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	793.34	+0.019%	$77.3M	$28.1M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	793.72	+0.066%	$4.1M	$76.9M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	793.68	+0.062%	$160K	$435K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	793.24	+0.006%	$111K	$886K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	793.37	+0.023%	$32K	$9K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	793.80	+0.077%	$12K	$1.6M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	793.40	+0.026%	$390K	$996K	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	792.97	−0.028%	$8.1M	$8.9M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	793.95	+0.096%	$77K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	793.09	−0.012%	$1.7M	$5.8M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	793.42	+0.030%	$381K	$110K	10x	as long as short
RISEx BNB/USDC	+0.0131%	1h	793.46	+0.034%	$1.1M	$1.1M	20x	as long as short
Kalshi KXBNBPERP	+0.0155%	8h	793.50	+0.039%	$113K	$2.7M	4.8x	as long as short
Bulk BNB-USD	+0.0195%	1h	795.93	+0.345%	$644K	$16K	10x	as long as short
01 Exchange BNBUSD	+0.0256%	1h	793.67	+0.061%	$28K	$3K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	793.73	+0.068%	$1.6M	$160K	25x	as long as short
Reya BNBRUSDPERP	+0.0328%	1h	792.79	−0.051%	$6K	$3K	40x	as long as short
Backpack BNB_USDC_PERP	+0.0390%	1h	794.06	+0.110%	$2.7M	$5.7M	40x	as long as short
Hibachi BNB/USDT-P	+0.0536%	1h	793.58	+0.049%	$68K	$38K	12x	as long as short