Funding you earn now, next payment 08:00 UTC+0.0071%/8h= +7.8% APRnext payment +$0.71 per $10,000 · paid last 24h +0.038%
Price spread now: BloFin against Orderly+0.079%7-day average +0.056% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.166%+$17 on $10k
+Price spread, last 4 days (all we have)−0.039%−$4 · spread now +0.079%, 7d avg +0.056%
=Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and BloFin is 0.023% dearer against Orderly than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of +0.056%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_BNB_USDC | 787.33 | 0.0100 | pay 0.0100% / 8h | 2h 48m | $265K | $490K | 50x |
| Short | BloFin BNB-USDT | 787.95 | 0.0171 | get 0.0171% / 8h | 2h 48m | $17.7M | $2.2M | 75x |
Orderly PERP_BNB_USDC
BloFin BNB-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Orderly. 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
- $14.96
- Price spread: +0.079% → +0.056%
- $2.31
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$0.74
- Costs to cover
- 0.180%
- Break-even
- 7.3 days
Slippage unknown: Orderly: no order-book sample; BloFin: 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 Orderly no order-book sample | — | — | — | — | — |
| Sell BloFin live order book, 5 min ago | 0.06 bp | 7.2 bp −$7 | 8.5 bp −$85 | 17.1 bp −$1,715 | doesn't fit |
Orderly: 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 | 787.26 | −0.009% | $46K | — | 200x | as long as short |
| Hotstuff BNB-PERP | −0.0080% | 1h | 787.53 | +0.025% | $4K | $42 | 25x | as long as short |
| StandX BNB-USD | 0.0000% | 1h | 788.28 | +0.121% | $850K | $3.1M | 30x | as long as short |
| gTrade (Gains Network) BNB/USD | L +0.0007% / S −0.0007% | 1h | 787.28 | −0.006% | $9.5M | — | 150x | as long as short |
| Aster BNBUSDT | +0.0028% | 8h | 787.95 | +0.078% | $6.1M | $19.0M | 200x | as long as short |
| Injective BNB/USDC PERP | +0.0033% | 1h | 805.09 | +2.256% | $19K | $789K | 30x | as long as short |
| BingX BNB-USDT | +0.0039% | 8h | 787.54 | +0.027% | — | $22.2M | — | as long as short |
| MEXC BNB_USDT | +0.0050% | 8h | 788.20 | +0.111% | $79.9M | $11.8M | 200x | as long as short |
| Binance BNBUSDT | +0.0051% | 8h | 787.99 | +0.083% | $490.9M | $804.5M | 75x | as long as short |
| Phemex BNBUSDT | +0.0053% | 8h | 787.86 | +0.067% | $68.9M | $50.7M | 50x | as long as short |
GMX BNB/USD [WBTC.b-USDC]
Hotstuff BNB-PERP
StandX BNB-USD
gTrade (Gains Network) BNB/USD
Aster BNBUSDT
Injective BNB/USDC PERP
BingX BNB-USDT
MEXC BNB_USDT
Binance BNBUSDT
Phemex BNBUSDTShow all 46 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_BNBUSD | +0.0069% | 1h | 787.29 | −0.006% | $2.5M | $1.2M | 50x | as long as short |
| dYdX BNB-USD | +0.0071% | 1h | 787.06 | −0.035% | $159K | $61K | 10x | as long as short |
| Coinbase International BNB-PERP-INTX | +0.0080% | 1h | 787.46 | +0.017% | $578K | $1.9M | 50x | as long as short |
| Lighter BNB | +0.0096% | 1h | 787.61 | +0.036% | $2.7M | $3.8M | 20x | as long as short |
| Orderly PERP_BNB_USDClong | +0.0100% | 8h | 787.33 | long leg | $265K | $490K | 50x | |
| Nado BNB-PERP | +0.0100% | 1h | 787.25 | −0.010% | $1.4M | $2.7M | 20x | as long as short |
| Hyperliquid BNB | +0.0100% | 1h | 787.99 | +0.084% | $51.7M | $17.4M | 10x | as long as short |
| Pacifica BNB | +0.0100% | 1h | 787.49 | +0.021% | $1.2M | $933K | 20x | as long as short |
| Bybit BNBUSDT | +0.0100% | 8h | 787.33 | 0.000% | $138.3M | $74.1M | 75x | as long as short |
| OKX BNB-USDT-SWAP | +0.0100% | 8h | 787.30 | −0.004% | $53.4M | $111.9M | 50x | as long as short |
| Arcus BNB-USD | +0.0100% | 1h | 787.40 | +0.009% | $52K | $134K | 10x | as long as short |
| Gate BNB_USDT | +0.0100% | 8h | 787.30 | −0.004% | $36.1M | $57.9M | 75x | as long as short |
| KuCoin BNBUSDTM | +0.0100% | 8h | 787.10 | −0.029% | $27.6M | $10.3M | 75x | as long as short |
| Bitget BNBUSDT | +0.0100% | 8h | 787.06 | −0.034% | $76.2M | $30.7M | 75x | as long as short |
| Backpack BNB_USDC_PERP | +0.0100% | 1h | 787.69 | +0.046% | $2.2M | $6.1M | 40x | as long as short |
| Variational Omni BNB | +0.0100% | 8h | 787.11 | −0.028% | $4.1M | $4.6M | — | as long as short |
| edgeX BNBUSDC | +0.0100% | 4h | 787.81 | +0.061% | $4.1M | $74.6M | 30x | as long as short |
| ApeX Omni BNBUSDT | +0.0100% | 1h | 787.86 | +0.067% | $159K | $439K | 50x | as long as short |
| Polymarket Perps BNB-USD | +0.0100% | 1h | 787.25 | −0.010% | $132K | $953K | 10x | as long as short |
| Derive BNB-PERP | +0.0100% | 1h | 787.50 | +0.021% | $31K | $12K | 10x | as long as short |
| SunX BNB-USDT | +0.0100% | 8h | 787.93 | +0.076% | $12K | $1.5M | 50x | as long as short |
| HTX BNB-USDT | +0.0100% | 8h | 787.13 | −0.025% | $8.1M | $9.8M | 75x | as long as short |
| Paradex BNB-USD-PERP | +0.0100% | 8h | 787.70 | +0.047% | $77K | $17K | 50x | as long as short |
| Extended BNB-USD | +0.0104% | 1h | 787.04 | −0.037% | $1.8M | $6.3M | 50x | as long as short |
| Aevo BNB-PERP | +0.0104% | 1h | 787.37 | +0.005% | $378K | $110K | 10x | as long as short |
| Phoenix BNB | +0.0107% | 1h | 787.34 | +0.001% | $169K | $35K | 10x | as long as short |
| SoDEX BNB-USD | +0.0119% | 1h | 787.50 | +0.022% | $387K | $997K | 10x | as long as short |
| Kalshi KXBNBPERP | +0.0131% | 8h | 787.70 | +0.047% | $122K | $2.7M | 4.8x | as long as short |
| BloFin BNB-USDTshort | +0.0171% | 8h | 787.95 | +0.079% | $17.7M | $2.2M | 75x | |
| GRVT BNB_USDT_Perp | +0.0198% | 8h | 788.06 | +0.092% | $2.9M | $29.2M | 10x | as long as short |
| Deribit BNB_USDC-PERPETUAL | +0.0200% | 1h | 787.78 | +0.057% | $1.5M | $143K | 25x | as long as short |
| Bulk BNB-USD | +0.0260% | 1h | 788.17 | +0.107% | $639K | $10K | 10x | as long as short |
| 01 Exchange BNBUSD | +0.0320% | 1h | 787.92 | +0.075% | $28K | $4K | 10x | as long as short |
| Reya BNBRUSDPERP | +0.0324% | 1h | 787.10 | −0.029% | $6K | $3K | 40x | as long as short |
| RISEx BNB/USDC | +0.0432% | 1h | 787.58 | +0.031% | $1.1M | $908K | 20x | as long as short |
| Hibachi BNB/USDT-P | +0.0448% | 1h | 787.74 | +0.052% | $67K | $39K | 12x | as long as short |
Kraken Futures PF_BNBUSD
dYdX BNB-USD
Coinbase International BNB-PERP-INTX
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
Derive BNB-PERP
SunX BNB-USDT
HTX BNB-USDT
Paradex BNB-USD-PERP
Extended BNB-USD
Aevo BNB-PERP
Phoenix BNB
SoDEX BNB-USD
Kalshi KXBNBPERP
GRVT BNB_USDT_Perp
Deribit BNB_USDC-PERPETUAL
Bulk BNB-USD
01 Exchange BNBUSD
Reya BNBRUSDPERP
RISEx BNB/USDC
Hibachi BNB/USDT-P