Funding you earn now, next payment 02:00 UTC+0.0334%/8h= +36.6% APRpaid last 24h +0.019%
Price spread now: Deribit against Gate+0.107%51s7-day average +0.060% · you sell dearer than you buy
Net, funding: paid 7d − costs−$18as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$340.340% of the position
Funding, last 7 days+0.162%+$16 on $10k
+Price spread, last 3 days (all we have)−0.088%−$9 · spread now +0.107%, 7d avg +0.060%
=Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and Deribit is 0.047% dearer against Gate than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.060%. The two prices were read 51 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.162% in total (about 8.4% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate BNB_USDT | 789.25 | 0.0066 | pay 0.0066% / 8h | 6h 01m | $35.2M | $58.0M | 75x |
| Short | Deribit BNB_USDC-PERPETUAL | 790.09 | 0.0400 | get 0.0050% / 1h | 1m 23s | $1.5M | $160K | 25x |
Gate BNB_USDT
Deribit BNB_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against Gate. 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
- $70.14
- Price spread: +0.107% → +0.060%
- $4.72
- Slippage, 4 orders
- −$12.05
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- $40.81
- Costs to cover
- 0.340%
- Break-even
- 2.9 days
Slippage from Gate: live order book, 3 min ago; Deribit: live order book, 3 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 Gate live order book, 3 min ago | 0.32 bp | 10.0 bp −$10 | 13.2 bp −$132 | 28.7 bp −$2,869 | 57.6 bp −$28.8K |
| Sell Deribit live order book, 3 min ago | 2.28 bp | 9.1 bp −$9 | 15.3 bp −$153 | doesn't fit | doesn't fit |
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 | 789.61 | +0.045% | $46K | — | 200x | as long as short |
| Kraken Futures PF_BNBUSD | −0.0132% | 1h | 789.47 | +0.027% | $2.5M | $1.2M | 50x | as long as short |
| Hotstuff BNB-PERP | −0.0080% | 1h | 789.93 | +0.086% | $4K | $239 | 25x | as long as short |
| StandX BNB-USD | 0.0000% | 1h | 790.38 | +0.143% | $854K | $3.2M | 30x | as long as short |
| gTrade (Gains Network) BNB/USD | L +0.0008% / S −0.0007% | 1h | 789.32 | +0.009% | $9.6M | — | 150x | as long as short |
| Injective BNB/USDC PERP | +0.0033% | 1h | 805.09 | +2.007% | $19K | $789K | 30x | as long as short |
| Aster BNBUSDT | +0.0034% | 8h | 789.92 | +0.085% | $6.2M | $18.9M | 200x | as long as short |
| BingX BNB-USDC | +0.0051% | 8h | 789.34 | +0.011% | — | $13.4M | — | as long as short |
| Phemex BNBUSDT | +0.0054% | 8h | 790.18 | +0.118% | $69.1M | $50.8M | 50x | as long as short |
| Variational Omni BNB | +0.0055% | 8h | 789.21 | −0.005% | $4.1M | $4.8M | — | as long as short |
GMX BNB/USD [WBTC.b-USDC]
Kraken Futures PF_BNBUSD
Hotstuff BNB-PERP
StandX BNB-USD
gTrade (Gains Network) BNB/USD
Injective BNB/USDC PERP
Aster BNBUSDT
BingX BNB-USDC
Phemex BNBUSDT
Variational Omni BNBShow 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 | 789.66 | +0.052% | $619K | $1.8M | 50x | as long as short |
| Gate BNB_USDTlong | +0.0066% | 8h | 789.25 | long leg | $35.2M | $58.0M | 75x | |
| MEXC BNB_USDT | +0.0067% | 8h | 790.10 | +0.108% | $80.5M | $13.2M | 200x | as long as short |
| Binance BNBUSDT | +0.0068% | 8h | 789.95 | +0.089% | $494.4M | $812.8M | 75x | as long as short |
| Phoenix BNB | +0.0088% | 1h | 789.43 | +0.023% | $170K | $36K | 10x | as long as short |
| Lighter BNB | +0.0096% | 1h | 789.46 | +0.027% | $2.8M | $4.1M | 20x | as long as short |
| GRVT BNB_USDT_Perp | +0.0098% | 8h | 790.16 | +0.115% | $2.9M | $28.4M | 10x | as long as short |
| Orderly PERP_BNB_USDC | +0.0100% | 8h | 789.59 | +0.043% | $382K | $386K | 50x | as long as short |
| Nado BNB-PERP | +0.0100% | 1h | 789.45 | +0.025% | $1.5M | $2.7M | 20x | as long as short |
| Hyperliquid BNB | +0.0100% | 1h | 789.82 | +0.072% | $51.7M | $18.7M | 10x | as long as short |
| Pacifica BNB | +0.0100% | 1h | 789.58 | +0.042% | $1.2M | $920K | 20x | as long as short |
| Bybit BNBUSDT | +0.0100% | 8h | 789.30 | +0.006% | $138.9M | $79.3M | 75x | as long as short |
| OKX BNB-USDT-SWAP | +0.0100% | 8h | 789.00 | −0.032% | $53.3M | $113.0M | 50x | as long as short |
| Arcus BNB-USD | +0.0100% | 1h | 789.60 | +0.044% | $52K | $135K | 10x | as long as short |
| KuCoin BNBUSDTM | +0.0100% | 8h | 789.05 | −0.025% | $27.8M | $10.4M | 75x | as long as short |
| Bitget BNBUSDT | +0.0100% | 8h | 788.95 | −0.038% | $77.3M | $29.9M | 75x | as long as short |
| edgeX BNBUSDC | +0.0100% | 4h | 790.23 | +0.125% | $4.1M | $77.3M | 30x | as long as short |
| ApeX Omni BNBUSDT | +0.0100% | 1h | 790.07 | +0.104% | $159K | $438K | 50x | as long as short |
| Polymarket Perps BNB-USD | +0.0100% | 1h | 789.10 | −0.019% | $137K | $947K | 10x | as long as short |
| Derive BNB-PERP | +0.0100% | 1h | 789.70 | +0.057% | $31K | $9K | 10x | as long as short |
| SunX BNB-USDT | +0.0100% | 8h | 790.20 | +0.120% | $12K | $1.6M | 50x | as long as short |
| HTX BNB-USDT | +0.0100% | 8h | 789.66 | +0.051% | $8.1M | $9.0M | 75x | as long as short |
| Paradex BNB-USD-PERP | +0.0101% | 8h | 789.97 | +0.091% | $77K | $17K | 50x | as long as short |
| Extended BNB-USD | +0.0104% | 1h | 788.91 | −0.043% | $1.8M | $5.9M | 50x | as long as short |
| Aevo BNB-PERP | +0.0104% | 1h | 789.61 | +0.045% | $379K | $110K | 10x | as long as short |
| SoDEX BNB-USD | +0.0114% | 1h | 789.70 | +0.057% | $388K | $1.0M | 10x | as long as short |
| dYdX BNB-USD | +0.0117% | 1h | 789.56 | +0.039% | $160K | $64K | 10x | as long as short |
| RISEx BNB/USDC | +0.0131% | 1h | 789.60 | +0.044% | $1.1M | $1.1M | 20x | as long as short |
| Kalshi KXBNBPERP | +0.0177% | 8h | 790.20 | +0.120% | $92K | $2.9M | 4.8x | as long as short |
| 01 Exchange BNBUSD | +0.0272% | 1h | 789.98 | +0.092% | $28K | $3K | 10x | as long as short |
| Bulk BNB-USD | +0.0298% | 1h | 789.80 | +0.070% | $640K | $13K | 10x | as long as short |
| Reya BNBRUSDPERP | +0.0328% | 1h | 788.95 | −0.038% | $6K | $3K | 40x | as long as short |
| Backpack BNB_USDC_PERP | +0.0386% | 1h | 790.29 | +0.132% | $2.7M | $5.7M | 40x | as long as short |
| Deribit BNB_USDC-PERPETUALshort | +0.0400% | 1h | 790.09 | +0.107% | $1.5M | $160K | 25x | |
| Hibachi BNB/USDT-P | +0.0520% | 1h | 789.88 | +0.080% | $67K | $39K | 12x | as long as short |
Coinbase International BNB-PERP-INTX
MEXC BNB_USDT
Binance BNBUSDT
Phoenix BNB
Lighter BNB
GRVT BNB_USDT_Perp
Orderly PERP_BNB_USDC
Nado BNB-PERP
Hyperliquid BNB
Pacifica BNB
Bybit BNBUSDT
OKX BNB-USDT-SWAP
Arcus BNB-USD
KuCoin BNBUSDTM
Bitget BNBUSDT
edgeX BNBUSDC
ApeX Omni BNBUSDT
Polymarket Perps BNB-USD
Derive BNB-PERP
SunX BNB-USDT
HTX BNB-USDT
Paradex BNB-USD-PERP
Extended BNB-USD
Aevo BNB-PERP
SoDEX BNB-USD
dYdX BNB-USD
RISEx BNB/USDC
Kalshi KXBNBPERP
01 Exchange BNBUSD
Bulk BNB-USD
Reya BNBRUSDPERP
Backpack BNB_USDC_PERP
Hibachi BNB/USDT-P