BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0444%/8h= −48.6% APRnext payment −$0.55 per $10,000 · paid last 24h −0.029%

Price spread now: Backpack against Hibachi+0.013%7-day average — · you sell dearer than you buy

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

Long on Hibachi Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 7 days−0.329%−$33 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropHibachi: Active · farm boardneeds both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$13 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hibachi BNB/USDT-P	789.41	0.0544	pay 0.0068% / 1h	54m 14s	$67K	$39K	12x
Short	Backpack BNB_USDC_PERP	789.51	0.0100	get 0.0013% / 1h	54m 14s	$2.2M	$6.1M	40x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against Hibachi. 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 HibachibpFee BackpackbpOrdersPrice spread, now +0.013%Rate

Funding earned: −$93.24
Price spread: +0.013% → 0.000%: $1.28
Slippage, 4 orders: no order book: not counted
Fee Hibachi: 4.5 bp × 2 orders: −$9
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$110.96
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: Hibachi: no order-book sample; Backpack: live order book, 5 min ago. 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 Hibachi no order-book sample	—	—	—	—	—
Sell Backpack live order book, 5 min ago	0.06 bp	7.2 bp −$7	11.7 bp −$117	doesn't fit	doesn't fit

Hibachi: 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	788.93	−0.061%	$46K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	788.63	−0.099%	$4K	$239	25x	as long as short
StandX BNB-USD	0.0000%	1h	790.38	+0.123%	$854K	$3.2M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	789.12	−0.037%	$9.6M	—	150x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+1.986%	$19K	$789K	30x	as long as short
Aster BNBUSDT	+0.0035%	8h	789.36	−0.006%	$6.2M	$18.7M	200x	as long as short
Coinbase International BNB-PERP-INTX	+0.0048%	1h	789.66	+0.032%	$619K	$1.8M	50x	as long as short
BingX BNB-USDC	+0.0053%	8h	788.90	−0.065%	—	$13.4M	—	as long as short
Phemex BNBUSDT	+0.0066%	8h	789.75	+0.043%	$69.1M	$50.9M	50x	as long as short
Variational Omni BNB	+0.0066%	8h	789.32	−0.011%	$4.1M	$4.8M	—	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC BNB_USDT	+0.0069%	8h	789.90	+0.062%	$80.5M	$12.4M	200x	as long as short
Binance BNBUSDT	+0.0070%	8h	789.78	+0.047%	$494.5M	$808.8M	75x	as long as short
Gate BNB_USDT	+0.0078%	8h	788.95	−0.058%	$35.4M	$56.3M	75x	as long as short
Phoenix BNB	+0.0088%	1h	789.07	−0.043%	$170K	$35K	10x	as long as short
Kraken Futures PF_BNBUSD	+0.0091%	1h	789.29	−0.015%	$2.5M	$1.2M	50x	as long as short
Lighter BNB	+0.0096%	1h	789.45	+0.005%	$2.8M	$3.9M	20x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	789.33	−0.010%	$381K	$380K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	788.15	−0.160%	$1.5M	$2.6M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	789.57	+0.020%	$51.8M	$18.4M	10x	as long as short
Pacifica BNB	+0.0100%	1h	788.46	−0.120%	$1.2M	$909K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	788.95	−0.058%	$138.7M	$78.2M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	788.90	−0.065%	$53.4M	$112.8M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	788.60	−0.103%	$52K	$130K	10x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	788.94	−0.059%	$27.8M	$10.3M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	788.80	−0.077%	$77.0M	$30.0M	75x	as long as short
Backpack BNB_USDC_PERPshort	+0.0100%	1h	789.51	+0.013%	$2.2M	$6.1M	40x
edgeX BNBUSDC	+0.0100%	4h	788.30	−0.140%	$4.1M	$76.4M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	788.22	−0.151%	$158K	$439K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	788.60	−0.103%	$137K	$945K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	789.57	+0.020%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	788.77	−0.081%	$12K	$1.6M	50x	as long as short
HTX BNB-USDT	+0.0100%	8h	789.35	−0.007%	$8.1M	$9.0M	75x	as long as short
Paradex BNB-USD-PERP	+0.0102%	8h	788.99	−0.053%	$77K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	789.16	−0.032%	$1.8M	$5.9M	50x	as long as short
GRVT BNB_USDT_Perp	+0.0104%	8h	788.27	−0.144%	$2.9M	$27.9M	10x	as long as short
Aevo BNB-PERP	+0.0104%	1h	789.43	+0.003%	$379K	$110K	10x	as long as short
SoDEX BNB-USD	+0.0142%	1h	789.50	+0.011%	$388K	$1.0M	10x	as long as short
Kalshi KXBNBPERP	+0.0175%	8h	788.90	−0.065%	$90K	$2.8M	4.8x	as long as short
dYdX BNB-USD	+0.0222%	1h	788.30	−0.141%	$159K	$64K	10x	as long as short
01 Exchange BNBUSD	+0.0320%	1h	789.00	−0.052%	$28K	$4K	10x	as long as short
Reya BNBRUSDPERP	+0.0328%	1h	788.60	−0.103%	$6K	$3K	40x	as long as short
Bulk BNB-USD	+0.0340%	1h	789.39	−0.002%	$639K	$13K	10x	as long as short
RISEx BNB/USDC	+0.0361%	1h	788.71	−0.089%	$1.1M	$1.1M	20x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0400%	1h	789.92	+0.064%	$1.5M	$160K	25x	as long as short
Hibachi BNB/USDT-Plong	+0.0544%	1h	789.41	long leg	$67K	$39K	12x