BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0208%/8h= −22.8% APRnext payment −$0.26 per $10,000 · paid last 24h −0.050%

Price spread now: Deribit against Hibachi+0.033%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 Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.363%−$36 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 pays, funding is against you. Deribit is 0.033% dearer against Hibachi than usual: you sell high and buy low (spread +0.033% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 13 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hibachi BNB/USDT-P	787.85	0.0408	pay 0.0051% / 1h	17m 33s	$67K	$39K	12x
Short	Deribit BNB_USDC-PERPETUAL	788.12	0.0200	get 0.0025% / 1h	17m 33s	$1.5M	$143K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now +0.033%Rate

Funding earned: −$43.68
Price spread: +0.033% → 0.000%: $3.32
Slippage, 4 orders: no order book: not counted
Fee Hibachi: 4.5 bp × 2 orders: −$9
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$56.36
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Hibachi: no order-book sample; Deribit: live order book, 1 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 Deribit live order book, 1 min ago	3.05 bp	9.5 bp −$9	15.9 bp −$159	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 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 −0.0192% / S +0.0356%	1h	787.55	−0.039%	$46K	—	200x	as long as short
Kraken Futures PF_BNBUSD	−0.0124%	1h	787.50	−0.044%	$2.5M	$1.2M	50x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	787.97	+0.015%	$4K	$42	25x	as long as short
Kalshi KXBNBPERP	0.0000%	8h	788.00	+0.018%	$126K	$2.7M	4.8x	as long as short
StandX BNB-USD	0.0000%	1h	788.50	+0.082%	$850K	$3.1M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	787.62	−0.029%	$9.5M	—	150x	as long as short
Aster BNBUSDT	+0.0030%	8h	788.21	+0.046%	$6.1M	$18.8M	200x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.188%	$19K	$789K	30x	as long as short
BingX BNB-USDT	+0.0034%	8h	787.78	−0.009%	—	$22.3M	—	as long as short
MEXC BNB_USDT	+0.0042%	8h	788.60	+0.095%	$80.0M	$12.0M	200x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance BNBUSDT	+0.0042%	8h	788.22	+0.046%	$491.4M	$801.3M	75x	as long as short
Phemex BNBUSDT	+0.0044%	8h	788.19	+0.043%	$68.9M	$50.6M	50x	as long as short
Coinbase International BNB-PERP-INTX	+0.0072%	1h	787.19	−0.084%	$588K	$1.9M	50x	as long as short
dYdX BNB-USD	+0.0089%	1h	787.91	+0.007%	$159K	$63K	10x	as long as short
Phoenix BNB	+0.0092%	1h	787.84	−0.002%	$169K	$35K	10x	as long as short
Lighter BNB	+0.0096%	1h	787.87	+0.002%	$2.7M	$3.9M	20x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	787.69	−0.021%	$265K	$492K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	787.15	−0.089%	$1.5M	$2.6M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	788.35	+0.063%	$51.7M	$17.4M	10x	as long as short
Pacifica BNB	+0.0100%	1h	787.98	+0.015%	$1.2M	$934K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	787.60	−0.032%	$138.6M	$73.9M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	787.50	−0.045%	$53.4M	$111.7M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	787.80	−0.007%	$52K	$133K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	787.55	−0.039%	$36.0M	$57.9M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	787.43	−0.054%	$27.6M	$10.3M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	787.30	−0.070%	$76.2M	$30.6M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	788.08	+0.029%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	787.41	−0.056%	$4.1M	$4.8M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	788.05	+0.025%	$4.1M	$74.2M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	787.89	+0.005%	$159K	$442K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	787.48	−0.048%	$132K	$955K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	787.71	−0.018%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	787.89	+0.005%	$12K	$1.5M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	787.80	−0.007%	$387K	$1.0M	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	787.32	−0.068%	$8.1M	$9.7M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	788.03	+0.023%	$77K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	787.33	−0.066%	$1.8M	$6.3M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	787.66	−0.024%	$378K	$110K	10x	as long as short
BloFin BNB-USDT	+0.0163%	8h	788.16	+0.039%	$17.7M	$2.2M	75x	as long as short
GRVT BNB_USDT_Perp	+0.0175%	8h	788.39	+0.068%	$2.9M	$28.6M	10x	as long as short
Bulk BNB-USD	+0.0193%	1h	788.28	+0.054%	$638K	$10K	10x	as long as short
Deribit BNB_USDC-PERPETUALshort	+0.0200%	1h	788.12	+0.033%	$1.5M	$143K	25x
01 Exchange BNBUSD	+0.0240%	1h	788.25	+0.050%	$28K	$4K	10x	as long as short
Reya BNBRUSDPERP	+0.0324%	1h	787.20	−0.083%	$6K	$3K	40x	as long as short
Hibachi BNB/USDT-Plong	+0.0408%	1h	787.85	long leg	$67K	$39K	12x
RISEx BNB/USDC	+0.0431%	1h	787.94	+0.011%	$1.1M	$893K	20x	as long as short