Funding you earn now, next payment 10:00 UTC−0.0350%/8h= −38.4% APRpaid last 24h −0.081%
Price spread now: Phemex against Hibachi+0.008%48s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.585%−$58 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$11 a day on $10k at the current rate. The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hibachi BNB/USDT-P | 787.45 | 0.0432 | pay 0.0054% / 1h | 57m 25s | $67K | $38K | 12x |
| Short | Phemex BNBUSDT | 787.51 | 0.0082 | get 0.0082% / 8h | 6h 57m | $68.5M | $51.4M | 50x |
Hibachi BNB/USDT-P
Phemex BNBUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against Hibachi. 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
- −$73.59
- Price spread: +0.008% → 0.000%
- $0.81
- Slippage, 4 orders
- no order book: not counted
- Fee Hibachi: 4.5 bp × 2 orders
- −$9
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$93.78
- Costs to cover
- 0.210%
- Break-even
- never at this rate
Slippage unknown: Hibachi: no order-book sample; Phemex: live order book, 2 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 Phemex live order book, 2 min ago | 0.06 bp | 7.7 bp −$8 | 8.1 bp −$81 | 11.3 bp −$1,134 | 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 −0.0166% / S +0.0336% | 1h | 787.50 | +0.007% | $43K | — | 200x | as long as short |
| Hotstuff BNB-PERP | −0.0080% | 1h | 787.33 | −0.015% | $4K | — | 25x | as long as short |
| GRVT BNB_USDT_Perp | 0.0000% | 8h | 788.33 | +0.112% | $2.9M | $26.5M | 10x | as long as short |
| StandX BNB-USD | 0.0000% | 1h | 788.05 | +0.077% | $850K | $2.8M | 30x | as long as short |
| Aster BNBUSDT | +0.0006% | 8h | 787.49 | +0.006% | $6.0M | $17.7M | 200x | as long as short |
| gTrade (Gains Network) BNB/USD | L +0.0007% / S −0.0007% | 1h | 787.53 | +0.011% | $9.5M | — | 150x | as long as short |
| BingX BNB-USDC | +0.0023% | 8h | 787.19 | −0.033% | — | $13.4M | — | as long as short |
| Binance BNBUSDT | +0.0025% | 8h | 787.56 | +0.015% | $482.6M | $795.7M | 75x | as long as short |
| MEXC BNB_USDT | +0.0026% | 8h | 788.90 | +0.185% | $82.9M | $11.7M | 200x | as long as short |
| Injective BNB/USDC PERP | +0.0033% | 1h | 805.09 | +2.241% | $19K | $789K | 30x | as long as short |
GMX BNB/USD [WBTC.b-USDC]
Hotstuff BNB-PERP
GRVT BNB_USDT_Perp
StandX BNB-USD
Aster BNBUSDT
gTrade (Gains Network) BNB/USD
BingX BNB-USDC
Binance BNBUSDT
MEXC BNB_USDT
Injective BNB/USDC PERPShow all 45 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_BNBUSD | +0.0035% | 1h | 787.30 | −0.018% | $2.5M | $1.2M | 50x | as long as short |
| Phemex BNBUSDTshort | +0.0082% | 8h | 787.51 | +0.008% | $68.5M | $51.4M | 50x | |
| Lighter BNB | +0.0096% | 1h | 787.00 | −0.057% | $2.7M | $3.4M | 20x | as long as short |
| Nado BNB-PERP | +0.0100% | 1h | 786.65 | −0.101% | $1.4M | $2.5M | 20x | as long as short |
| Hyperliquid BNB | +0.0100% | 1h | 787.55 | +0.013% | $51.7M | $17.3M | 10x | as long as short |
| Pacifica BNB | +0.0100% | 1h | 787.09 | −0.046% | $1.2M | $940K | 20x | as long as short |
| Bybit BNBUSDT | +0.0100% | 8h | 786.93 | −0.066% | $138.7M | $70.8M | 75x | as long as short |
| OKX BNB-USDT-SWAP | +0.0100% | 8h | 786.90 | −0.069% | $53.6M | $107.4M | 50x | as long as short |
| Arcus BNB-USD | +0.0100% | 1h | 787.10 | −0.044% | $52K | $124K | 10x | as long as short |
| Gate BNB_USDT | +0.0100% | 8h | 786.85 | −0.076% | $39.9M | $53.7M | 75x | as long as short |
| KuCoin BNBUSDTM | +0.0100% | 8h | 786.69 | −0.096% | $27.8M | $9.7M | 75x | as long as short |
| Bitget BNBUSDT | +0.0100% | 8h | 786.77 | −0.086% | $75.6M | $32.4M | 75x | as long as short |
| Backpack BNB_USDC_PERP | +0.0100% | 1h | 787.28 | −0.021% | $2.2M | $6.1M | 40x | as long as short |
| Variational Omni BNB | +0.0100% | 8h | 787.30 | −0.018% | $4.3M | $4.9M | — | as long as short |
| edgeX BNBUSDC | +0.0100% | 4h | 787.88 | +0.055% | $4.1M | $77.0M | 30x | as long as short |
| ApeX Omni BNBUSDT | +0.0100% | 1h | 788.09 | +0.082% | $159K | $440K | 50x | as long as short |
| Polymarket Perps BNB-USD | +0.0100% | 1h | 786.96 | −0.062% | $130K | $916K | 10x | as long as short |
| Orderly PERP_BNB_USDC | +0.0100% | 8h | 787.15 | −0.038% | $264K | $304K | 50x | as long as short |
| SunX BNB-USDT | +0.0100% | 8h | 787.74 | +0.037% | $12K | $1.4M | 50x | as long as short |
| SoDEX BNB-USD | +0.0100% | 1h | 787.20 | −0.031% | $387K | $939K | 10x | as long as short |
| HTX BNB-USDT | +0.0100% | 8h | 787.33 | −0.014% | $8.0M | $10.2M | 75x | as long as short |
| Paradex BNB-USD-PERP | +0.0100% | 8h | 787.34 | −0.014% | $88K | $282K | 50x | as long as short |
| Kalshi KXBNBPERP | +0.0103% | 8h | 788.00 | +0.070% | $161K | $2.5M | 4.8x | as long as short |
| Extended BNB-USD | +0.0104% | 1h | 786.69 | −0.097% | $1.8M | $5.8M | 50x | as long as short |
| Aevo BNB-PERP | +0.0104% | 1h | 787.12 | −0.041% | $378K | $110K | 10x | as long as short |
| BloFin BNB-USDT | +0.0109% | 8h | 788.43 | +0.125% | $17.6M | $2.3M | 75x | as long as short |
| Phoenix BNB | +0.0120% | 1h | 787.71 | +0.034% | $158K | $45K | 10x | as long as short |
| Coinbase International BNB-PERP-INTX | +0.0136% | 1h | 787.77 | +0.041% | $550K | $1.9M | 50x | as long as short |
| Bulk BNB-USD | +0.0186% | 1h | 787.44 | −0.001% | $638K | $0 | 10x | as long as short |
| 01 Exchange BNBUSD | +0.0216% | 1h | 787.43 | −0.002% | $28K | $3K | 10x | as long as short |
| Deribit BNB_USDC-PERPETUAL | +0.0300% | 1h | 787.56 | +0.014% | $1.5M | $136K | 25x | as long as short |
| Reya BNBRUSDPERP | +0.0318% | 1h | 786.59 | −0.109% | $6K | $3K | 40x | as long as short |
| RISEx BNB/USDC | +0.0345% | 1h | 787.14 | −0.039% | $1.1M | $895K | 20x | as long as short |
| dYdX BNB-USD | +0.0427% | 1h | 787.36 | −0.011% | $158K | $42K | 10x | as long as short |
| Hibachi BNB/USDT-Plong | +0.0432% | 1h | 787.45 | long leg | $67K | $38K | 12x |
Kraken Futures PF_BNBUSD
Lighter BNB
Nado BNB-PERP
Hyperliquid BNB
Pacifica BNB
Bybit BNBUSDT
OKX BNB-USDT-SWAP
Arcus BNB-USD
Gate BNB_USDT
KuCoin BNBUSDTM
Bitget BNBUSDT
Backpack BNB_USDC_PERP
Variational Omni BNB
edgeX BNBUSDC
ApeX Omni BNBUSDT
Polymarket Perps BNB-USD
Orderly PERP_BNB_USDC
SunX BNB-USDT
SoDEX BNB-USD
HTX BNB-USDT
Paradex BNB-USD-PERP
Kalshi KXBNBPERP
Extended BNB-USD
Aevo BNB-PERP
BloFin BNB-USDT
Phoenix BNB
Coinbase International BNB-PERP-INTX
Bulk BNB-USD
01 Exchange BNBUSD
Deribit BNB_USDC-PERPETUAL
Reya BNBRUSDPERP
RISEx BNB/USDC
dYdX BNB-USD