Funding you earn now, next payment 11:00 UTC+0.0881%/8h= +96.5% APRpaid last 24h +0.078%
Price spread now: dYdX against MEXC−0.310%167s7-day average −0.170% · you buy dearer than you sell
Net, funding: paid 7d − costs+$10as 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−$380.377% of the position
Funding, last 7 days+0.480%+$48 on $10k
+Price spread, last 4 days (all we have)+0.143%+$14 · spread now −0.310%, 7d avg −0.170%
=Funding pays, the price is against you. dYdX is 0.140% cheaper against MEXC than usual: you would sell low and buy high (spread −0.310% now, against its 7-day average of −0.170%). If the spread goes back, that is −$14 on $10k: about 13 hours of funding at the current rate (+$26 a day). At the pace of the last 7 days (+0.480% in total) that is about 2.0 days. The two prices were read 167 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 0.480% in total (about 25.0% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC BNB_USDT | 789.30 | 0.0011 | pay 0.0011% / 8h | 5h 02m | $83.6M | $11.9M | 200x |
| Short | dYdX BNB-USD | 786.85 | 0.0892 | get 0.0112% / 1h | 2m 53s | $158K | $34K | 10x |
MEXC BNB_USDT
dYdX BNB-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
dYdX against MEXC. 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
- $185.08
- Price spread: −0.310% → −0.170%
- −$13.96
- Slippage, 4 orders
- −$23.73
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee dYdX: 5 bp × 2 orders
- −$10
- Net
- $133.39
- Costs to cover
- 0.377%
- Break-even
- 2.0 days
Slippage from MEXC: live order book, 4 min ago; dYdX: live order book, 44 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 MEXC live order book, 4 min ago | 0.63 bp | 2.6 bp −$3 | 5.3 bp −$53 | 17.5 bp −$1,748 | 34.6 bp −$17.3K |
| Sell dYdX live order book, 44 min ago | 10.27 bp | 15.7 bp −$16 | 45.5 bp −$455 | 54.1 bp −$5,413 | 90.8 bp −$45.4K |
BNB on 46 exchanges
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 | 787.43 | −0.237% | $43K | — | 200x | as long as short |
| Kraken Futures PF_BNBUSD | −0.0085% | 1h | 787.99 | −0.166% | $2.7M | $1.4M | 50x | as long as short |
| Hotstuff BNB-PERP | −0.0080% | 1h | 787.91 | −0.176% | $4K | — | 25x | as long as short |
| Bybit BNBUSDT | −0.0040% | 8h | 787.40 | −0.241% | $139.2M | $66.0M | 75x | as long as short |
| BingX BNB-USDT | −0.0034% | 8h | 787.91 | −0.176% | — | $50.3M | — | as long as short |
| Aster BNBUSDT | 0.0000% | 8h | 788.39 | −0.116% | $6.0M | $16.8M | 200x | as long as short |
| GRVT BNB_USDT_Perp | 0.0000% | 8h | 787.69 | −0.204% | $2.9M | $26.4M | 10x | as long as short |
| Kalshi KXBNBPERP | 0.0000% | 8h | 788.50 | −0.101% | $153K | $2.5M | 4.8x | as long as short |
| StandX BNB-USD | 0.0000% | 1h | 788.29 | −0.128% | $850K | $3.0M | 30x | as long as short |
| gTrade (Gains Network) BNB/USD | L +0.0007% / S −0.0007% | 1h | 787.88 | −0.180% | $9.5M | — | 150x | as long as short |
GMX BNB/USD [WBTC.b-USDC]
Kraken Futures PF_BNBUSD
Hotstuff BNB-PERP
Bybit BNBUSDT
BingX BNB-USDT
Aster BNBUSDT
GRVT BNB_USDT_Perp
Kalshi KXBNBPERP
StandX BNB-USD
gTrade (Gains Network) BNB/USDShow all 46 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC BNB_USDTlong | +0.0011% | 8h | 789.30 | long leg | $83.6M | $11.9M | 200x | |
| Binance BNBUSDT | +0.0011% | 8h | 788.30 | −0.126% | $481.2M | $758.2M | 75x | as long as short |
| Injective BNB/USDC PERP | +0.0033% | 1h | 805.09 | +2.001% | $19K | $789K | 30x | as long as short |
| BloFin BNB-USDT | +0.0044% | 8h | 788.31 | −0.125% | $18.5M | $2.3M | 75x | as long as short |
| Phemex BNBUSDT | +0.0067% | 8h | 788.51 | −0.100% | $68.5M | $50.4M | 50x | as long as short |
| Lighter BNB | +0.0096% | 1h | 788.17 | −0.143% | $2.7M | $3.4M | 20x | as long as short |
| Nado BNB-PERP | +0.0100% | 1h | 788.70 | −0.076% | $1.4M | $2.3M | 20x | as long as short |
| Hyperliquid BNB | +0.0100% | 1h | 788.46 | −0.106% | $51.9M | $16.8M | 10x | as long as short |
| Pacifica BNB | +0.0100% | 1h | 788.88 | −0.053% | $1.2M | $930K | 20x | as long as short |
| OKX BNB-USDT-SWAP | +0.0100% | 8h | 787.70 | −0.203% | $53.5M | $101.6M | 50x | as long as short |
| Arcus BNB-USD | +0.0100% | 1h | 788.70 | −0.076% | $57K | $124K | 10x | as long as short |
| Gate BNB_USDT | +0.0100% | 8h | 787.80 | −0.190% | $42.1M | $54.5M | 75x | as long as short |
| KuCoin BNBUSDTM | +0.0100% | 8h | 787.67 | −0.207% | $28.2M | $9.6M | 75x | as long as short |
| Bitget BNBUSDT | +0.0100% | 8h | 787.63 | −0.212% | $75.9M | $30.8M | 75x | as long as short |
| Backpack BNB_USDC_PERP | +0.0100% | 1h | 788.32 | −0.124% | $2.2M | $6.0M | 40x | as long as short |
| Variational Omni BNB | +0.0100% | 8h | 786.74 | −0.324% | $4.3M | $4.4M | — | as long as short |
| edgeX BNBUSDC | +0.0100% | 4h | 787.64 | −0.211% | $4.1M | $71.2M | 30x | as long as short |
| ApeX Omni BNBUSDT | +0.0100% | 1h | 787.67 | −0.207% | $159K | $459K | 50x | as long as short |
| Polymarket Perps BNB-USD | +0.0100% | 1h | 788.31 | −0.125% | $127K | $907K | 10x | as long as short |
| Orderly PERP_BNB_USDC | +0.0100% | 8h | 788.13 | −0.148% | $265K | $297K | 50x | as long as short |
| Derive BNB-PERP | +0.0100% | 1h | 787.20 | −0.266% | $31K | $10K | 10x | as long as short |
| SunX BNB-USDT | +0.0100% | 8h | 788.93 | −0.047% | $12K | $1.3M | 50x | as long as short |
| SoDEX BNB-USD | +0.0100% | 1h | 788.30 | −0.127% | $388K | $925K | 10x | as long as short |
| Deribit BNB_USDC-PERPETUAL | +0.0100% | 1h | 788.37 | −0.117% | $1.5M | $126K | 25x | as long as short |
| HTX BNB-USDT | +0.0100% | 8h | 788.35 | −0.121% | $8.0M | $9.9M | 75x | as long as short |
| Paradex BNB-USD-PERP | +0.0100% | 8h | 789.22 | −0.011% | $78K | $1.3M | 50x | as long as short |
| Extended BNB-USD | +0.0104% | 1h | 787.27 | −0.257% | $1.8M | $5.5M | 50x | as long as short |
| Aevo BNB-PERP | +0.0104% | 1h | 787.94 | −0.172% | $378K | $110K | 10x | as long as short |
| Phoenix BNB | +0.0120% | 1h | 787.58 | −0.218% | $158K | $45K | 10x | as long as short |
| Coinbase International BNB-PERP-INTX | +0.0120% | 1h | 787.97 | −0.169% | $539K | $1.9M | 50x | as long as short |
| 01 Exchange BNBUSD | +0.0224% | 1h | 789.33 | +0.004% | $28K | $3K | 10x | as long as short |
| Hibachi BNB/USDT-P | +0.0288% | 1h | 787.38 | −0.243% | $67K | $37K | 12x | as long as short |
| Bulk BNB-USD | +0.0291% | 1h | 788.00 | −0.164% | $638K | $10K | 10x | as long as short |
| Reya BNBRUSDPERP | +0.0316% | 1h | 787.57 | −0.219% | $6K | $3K | 40x | as long as short |
| RISEx BNB/USDC | +0.0393% | 1h | 787.52 | −0.225% | $1.1M | $888K | 20x | as long as short |
| dYdX BNB-USDshort | +0.0892% | 1h | 786.85 | −0.310% | $158K | $34K | 10x |
Binance BNBUSDT
Injective BNB/USDC PERP
BloFin BNB-USDT
Phemex BNBUSDT
Lighter BNB
Nado BNB-PERP
Hyperliquid BNB
Pacifica BNB
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
Derive BNB-PERP
SunX BNB-USDT
SoDEX BNB-USD
Deribit BNB_USDC-PERPETUAL
HTX BNB-USDT
Paradex BNB-USD-PERP
Extended BNB-USD
Aevo BNB-PERP
Phoenix BNB
Coinbase International BNB-PERP-INTX
01 Exchange BNBUSD
Hibachi BNB/USDT-P
Bulk BNB-USD
Reya BNBRUSDPERP
RISEx BNB/USDC