Funding you earn now, next payment 03:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%
Price spread now: Extended against Orderly−0.032%7-day average −0.088% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.019%−$2 on $10k
+Price spread, last 3 days (all we have)−0.015%−$2 · spread now −0.032%, 7d avg −0.088%
=Together, before fees−0.034%+ Points / potential airdropExtended: Active · farm board−$3 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Extended is 0.056% dearer against Orderly than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of −0.088%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_BNB_USDC | 788.07 | 0.0100 | pay 0.0100% / 8h | 5h 55m | $381K | $380K | 50x |
| Short | Extended BNB-USD | 787.82 | 0.0104 | get 0.0013% / 1h | 55m 16s | $1.8M | $5.9M | 50x |
Orderly PERP_BNB_USDC
Extended BNB-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended 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
- $0.85
- Price spread: −0.032% → −0.088%
- $5.62
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$4.53
- Costs to cover
- 0.110%
- Break-even
- 44.2 days
Slippage unknown: Orderly: no order-book sample; Extended: live order book, 4 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 Extended live order book, 4 min ago | 0.06 bp | 2.7 bp −$3 | 3.9 bp −$39 | doesn't fit | 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 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 | 788.05 | −0.002% | $46K | — | 200x | as long as short |
| Hotstuff BNB-PERP | −0.0080% | 1h | 788.91 | +0.107% | $4K | $239 | 25x | as long as short |
| StandX BNB-USD | 0.0000% | 1h | 790.38 | +0.293% | $854K | $3.2M | 30x | as long as short |
| gTrade (Gains Network) BNB/USD | L +0.0008% / S −0.0007% | 1h | 788.03 | −0.006% | $9.6M | — | 150x | as long as short |
| Injective BNB/USDC PERP | +0.0033% | 1h | 805.09 | +2.160% | $19K | $789K | 30x | as long as short |
| Aster BNBUSDT | +0.0036% | 8h | 788.83 | +0.096% | $6.2M | $18.7M | 200x | as long as short |
| Coinbase International BNB-PERP-INTX | +0.0048% | 1h | 789.66 | +0.202% | $619K | $1.8M | 50x | as long as short |
| BingX BNB-USDT | +0.0054% | 8h | 788.33 | +0.033% | — | $34.5M | — | as long as short |
| Phemex BNBUSDT | +0.0060% | 8h | 788.69 | +0.079% | $69.0M | $50.8M | 50x | as long as short |
| Variational Omni BNB | +0.0066% | 8h | 789.32 | +0.159% | $4.1M | $4.8M | — | as long as short |
GMX BNB/USD [WBTC.b-USDC]
Hotstuff BNB-PERP
StandX BNB-USD
gTrade (Gains Network) BNB/USD
Injective BNB/USDC PERP
Aster BNBUSDT
Coinbase International BNB-PERP-INTX
BingX BNB-USDT
Phemex BNBUSDT
Variational Omni BNBShow all 45 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC BNB_USDT | +0.0069% | 8h | 789.00 | +0.118% | $80.4M | $12.4M | 200x | as long as short |
| Binance BNBUSDT | +0.0069% | 8h | 788.98 | +0.115% | $494.0M | $808.6M | 75x | as long as short |
| Gate BNB_USDT | +0.0081% | 8h | 788.10 | +0.004% | $35.4M | $56.2M | 75x | as long as short |
| Phoenix BNB | +0.0088% | 1h | 789.07 | +0.127% | $170K | $35K | 10x | as long as short |
| Kraken Futures PF_BNBUSD | +0.0091% | 1h | 788.10 | +0.004% | $2.5M | $1.2M | 50x | as long as short |
| Lighter BNB | +0.0096% | 1h | 788.67 | +0.076% | $2.8M | $3.9M | 20x | as long as short |
| Orderly PERP_BNB_USDClong | +0.0100% | 8h | 788.07 | long leg | $381K | $380K | 50x | |
| Nado BNB-PERP | +0.0100% | 1h | 788.35 | +0.036% | $1.5M | $2.6M | 20x | as long as short |
| Hyperliquid BNB | +0.0100% | 1h | 788.68 | +0.077% | $51.7M | $18.7M | 10x | as long as short |
| Pacifica BNB | +0.0100% | 1h | 788.66 | +0.075% | $1.2M | $909K | 20x | as long as short |
| Bybit BNBUSDT | +0.0100% | 8h | 788.43 | +0.046% | $138.7M | $78.2M | 75x | as long as short |
| OKX BNB-USDT-SWAP | +0.0100% | 8h | 788.40 | +0.042% | $53.3M | $112.4M | 50x | as long as short |
| Arcus BNB-USD | +0.0100% | 1h | 788.70 | +0.080% | $52K | $135K | 10x | as long as short |
| KuCoin BNBUSDTM | +0.0100% | 8h | 787.94 | −0.016% | $27.8M | $10.3M | 75x | as long as short |
| Bitget BNBUSDT | +0.0100% | 8h | 788.28 | +0.027% | $76.9M | $30.0M | 75x | as long as short |
| Backpack BNB_USDC_PERP | +0.0100% | 1h | 789.15 | +0.137% | $2.2M | $6.1M | 40x | as long as short |
| edgeX BNBUSDC | +0.0100% | 4h | 788.30 | +0.030% | $4.1M | $76.4M | 30x | as long as short |
| ApeX Omni BNBUSDT | +0.0100% | 1h | 788.22 | +0.019% | $158K | $439K | 50x | as long as short |
| Polymarket Perps BNB-USD | +0.0100% | 1h | 788.00 | −0.009% | $137K | $945K | 10x | as long as short |
| Derive BNB-PERP | +0.0100% | 1h | 788.19 | +0.016% | $31K | $12K | 10x | as long as short |
| SunX BNB-USDT | +0.0100% | 8h | 788.92 | +0.108% | $12K | $1.6M | 50x | as long as short |
| HTX BNB-USDT | +0.0100% | 8h | 788.58 | +0.065% | $8.1M | $9.0M | 75x | as long as short |
| Paradex BNB-USD-PERP | +0.0102% | 8h | 789.23 | +0.147% | $77K | $17K | 50x | as long as short |
| Extended BNB-USDshort | +0.0104% | 1h | 787.82 | −0.032% | $1.8M | $5.9M | 50x | |
| GRVT BNB_USDT_Perp | +0.0104% | 8h | 788.27 | +0.026% | $2.9M | $27.9M | 10x | as long as short |
| Aevo BNB-PERP | +0.0104% | 1h | 788.26 | +0.024% | $379K | $110K | 10x | as long as short |
| SoDEX BNB-USD | +0.0115% | 1h | 788.30 | +0.029% | $388K | $1.0M | 10x | as long as short |
| Kalshi KXBNBPERP | +0.0175% | 8h | 788.70 | +0.080% | $91K | $2.8M | 4.8x | as long as short |
| dYdX BNB-USD | +0.0219% | 1h | 788.97 | +0.114% | $160K | $64K | 10x | as long as short |
| Deribit BNB_USDC-PERPETUAL | +0.0300% | 1h | 788.54 | +0.060% | $1.5M | $160K | 25x | as long as short |
| 01 Exchange BNBUSD | +0.0320% | 1h | 789.04 | +0.123% | $28K | $4K | 10x | as long as short |
| Reya BNBRUSDPERP | +0.0328% | 1h | 787.81 | −0.033% | $6K | $3K | 40x | as long as short |
| Bulk BNB-USD | +0.0340% | 1h | 789.39 | +0.167% | $639K | $13K | 10x | as long as short |
| RISEx BNB/USDC | +0.0361% | 1h | 788.75 | +0.086% | $1.1M | $1.1M | 20x | as long as short |
| Hibachi BNB/USDT-P | +0.0544% | 1h | 789.41 | +0.170% | $67K | $39K | 12x | as long as short |
MEXC BNB_USDT
Binance BNBUSDT
Gate BNB_USDT
Phoenix BNB
Kraken Futures PF_BNBUSD
Lighter BNB
Nado BNB-PERP
Hyperliquid BNB
Pacifica BNB
Bybit BNBUSDT
OKX BNB-USDT-SWAP
Arcus BNB-USD
KuCoin BNBUSDTM
Bitget BNBUSDT
Backpack BNB_USDC_PERP
edgeX BNBUSDC
ApeX Omni BNBUSDT
Polymarket Perps BNB-USD
Derive BNB-PERP
SunX BNB-USDT
HTX BNB-USDT
Paradex BNB-USD-PERP
GRVT BNB_USDT_Perp
Aevo BNB-PERP
SoDEX BNB-USD
Kalshi KXBNBPERP
dYdX BNB-USD
Deribit BNB_USDC-PERPETUAL
01 Exchange BNBUSD
Reya BNBRUSDPERP
Bulk BNB-USD
RISEx BNB/USDC
Hibachi BNB/USDT-P