Funding you earn now, next payment 01:00 UTC−0.0093%/8h= −10.2% APRpaid last 24h −0.028%
Price spread now: gTrade (Gains Network) against Orderly+0.010%7-day average −0.037% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)−0.081%−$8 on $10k
+Price spread, last 3 days (all we have)−0.011%−$1 · spread now +0.010%, 7d avg −0.037%
=The price spread pays, funding is against you. gTrade (Gains Network) is 0.047% dearer against Orderly than usual: you sell high and buy low (spread +0.010% now, against its 7-day average of −0.037%): +$5 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 40 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_BNB_USDC | 798.28 | 0.0100 | pay 0.0100% / 8h | 7h 52m | $386K | $481K | 50x |
| Short | gTrade (Gains Network) BNB/USD | 798.36 | L +0.0008% / S −0.0007% | get 0.0001% / 1h | 52m 45s | $9.7M | — | 150x |
Orderly PERP_BNB_USDC
gTrade (Gains Network) BNB/USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
gTrade (Gains Network) 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
- −$19.48
- Price spread: +0.010% → −0.037%
- $4.68
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee gTrade (Gains Network): 5 bp × 2 orders
- −$10
- Net
- −$30.8
- Costs to cover
- 0.160%
- Break-even
- never at this rate
Slippage unknown: Orderly: no order-book sample; gTrade (Gains Network): virtual book (oracle venue), 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 Orderly no order-book sample | — | — | — | — | — |
| Sell gTrade (Gains Network) virtual book (oracle venue), 1 min ago | 130.01 bp | 135.0 bp −$135 | 135.0 bp −$1,350 | 484.2 bp −$48.4K | 3301.4 bp −$1.65M |
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 −0.0201% / S +0.0372% | 1h | 798.31 | +0.003% | $47K | — | 200x | as long as short |
| Kraken Futures PF_BNBUSD | −0.0121% | 1h | 798.01 | −0.033% | $2.5M | $975K | 50x | as long as short |
| Hotstuff BNB-PERP | −0.0080% | 1h | 798.67 | +0.049% | $4K | $239 | 25x | as long as short |
| Bybit BNBUSDT | −0.0059% | 8h | 797.70 | −0.073% | $138.5M | $77.0M | 75x | as long as short |
| Gate BNB_USDT | −0.0052% | 8h | 798.00 | −0.035% | $35.7M | $55.7M | 75x | as long as short |
| GRVT BNB_USDT_Perp | 0.0000% | 8h | 799.17 | +0.112% | $3.0M | $27.9M | 10x | as long as short |
| StandX BNB-USD | 0.0000% | 1h | 798.85 | +0.071% | $863K | $2.9M | 30x | as long as short |
| gTrade (Gains Network) BNB/USDshort | L +0.0008% / S −0.0007% | 1h | 798.36 | +0.010% | $9.7M | — | 150x | |
| Variational Omni BNB | +0.0010% | 8h | 798.14 | −0.017% | $4.1M | $5.4M | — | as long as short |
| Injective BNB/USDC PERP | +0.0033% | 1h | 805.09 | +0.853% | $19K | $789K | 30x | as long as short |
GMX BNB/USD [WBTC.b-USDC]
Kraken Futures PF_BNBUSD
Hotstuff BNB-PERP
Bybit BNBUSDT
Gate BNB_USDT
GRVT BNB_USDT_Perp
StandX BNB-USD
Variational Omni BNB
Injective BNB/USDC PERPShow all 46 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phemex BNBUSDT | +0.0041% | 8h | 798.82 | +0.068% | $69.8M | $50.7M | 50x | as long as short |
| Coinbase International BNB-PERP-INTX | +0.0048% | 1h | 798.68 | +0.050% | $602K | $985K | 50x | as long as short |
| Aster BNBUSDT | +0.0072% | 8h | 798.72 | +0.055% | $6.2M | $19.3M | 200x | as long as short |
| BingX BNB-USDT | +0.0077% | 8h | 798.21 | −0.009% | — | $35.2M | — | as long as short |
| MEXC BNB_USDT | +0.0093% | 8h | 799.10 | +0.103% | $83.1M | $13.5M | 200x | as long as short |
| Binance BNBUSDT | +0.0093% | 8h | 798.45 | +0.021% | $496.3M | $818.5M | 75x | as long as short |
| Lighter BNB | +0.0096% | 1h | 798.50 | +0.028% | $2.8M | $4.0M | 20x | as long as short |
| Phoenix BNB | +0.0099% | 1h | 798.71 | +0.054% | $172K | $36K | 10x | as long as short |
| Nado BNB-PERP | +0.0100% | 1h | 798.11 | −0.021% | $1.4M | $2.7M | 20x | as long as short |
| Pacifica BNB | +0.0100% | 1h | 798.63 | +0.044% | $1.2M | $925K | 20x | as long as short |
| OKX BNB-USDT-SWAP | +0.0100% | 8h | 797.70 | −0.073% | $54.2M | $112.1M | 50x | as long as short |
| Arcus BNB-USD | +0.0100% | 1h | 798.50 | +0.028% | $53K | $133K | 10x | as long as short |
| KuCoin BNBUSDTM | +0.0100% | 8h | 798.31 | +0.004% | $27.9M | $10.2M | 75x | as long as short |
| Bitget BNBUSDT | +0.0100% | 8h | 797.55 | −0.091% | $78.7M | $27.6M | 75x | as long as short |
| edgeX BNBUSDC | +0.0100% | 4h | 799.16 | +0.110% | $4.2M | $76.1M | 30x | as long as short |
| ApeX Omni BNBUSDT | +0.0100% | 1h | 799.32 | +0.130% | $161K | $436K | 50x | as long as short |
| Polymarket Perps BNB-USD | +0.0100% | 1h | 798.38 | +0.013% | $118K | $874K | 10x | as long as short |
| Orderly PERP_BNB_USDClong | +0.0100% | 8h | 798.28 | long leg | $386K | $481K | 50x | |
| Derive BNB-PERP | +0.0100% | 1h | 798.42 | +0.017% | $32K | $5K | 10x | as long as short |
| SunX BNB-USDT | +0.0100% | 8h | 798.78 | +0.062% | $13K | $1.7M | 50x | as long as short |
| SoDEX BNB-USD | +0.0100% | 1h | 798.40 | +0.015% | $393K | $1.0M | 10x | as long as short |
| HTX BNB-USDT | +0.0100% | 8h | 798.40 | +0.015% | $8.2M | $8.1M | 75x | as long as short |
| Paradex BNB-USD-PERP | +0.0100% | 8h | 799.33 | +0.132% | $78K | $19K | 50x | as long as short |
| Extended BNB-USD | +0.0104% | 1h | 797.67 | −0.076% | $1.8M | $6.6M | 50x | as long as short |
| Aevo BNB-PERP | +0.0104% | 1h | 799.04 | +0.095% | $384K | $102K | 10x | as long as short |
| Hibachi BNB/USDT-P | +0.0144% | 1h | 798.22 | −0.007% | $70K | $43K | 12x | as long as short |
| Kalshi KXBNBPERP | +0.0152% | 8h | 799.00 | +0.090% | $90K | $2.9M | 4.8x | as long as short |
| RISEx BNB/USDC | +0.0155% | 1h | 798.41 | +0.017% | $1.1M | $1.4M | 20x | as long as short |
| Bulk BNB-USD | +0.0158% | 1h | 799.24 | +0.120% | $649K | $14K | 10x | as long as short |
| Deribit BNB_USDC-PERPETUAL | +0.0200% | 1h | 798.74 | +0.058% | $1.6M | $160K | 25x | as long as short |
| 01 Exchange BNBUSD | +0.0208% | 1h | 798.93 | +0.081% | $28K | $1K | 10x | as long as short |
| BloFin BNB-USDT | +0.0213% | 8h | 798.86 | +0.073% | $18.1M | $2.5M | 75x | as long as short |
| dYdX BNB-USD | +0.0254% | 1h | 798.21 | −0.009% | $161K | $63K | 10x | as long as short |
| Backpack BNB_USDC_PERP | +0.0325% | 1h | 799.03 | +0.094% | $2.7M | $5.7M | 40x | as long as short |
| Reya BNBRUSDPERP | +0.0331% | 1h | 797.96 | −0.040% | $6K | $3K | 40x | as long as short |
| Hyperliquid BNB | +0.0372% | 1h | 798.82 | +0.068% | $53.0M | $20.6M | 10x | as long as short |
Phemex BNBUSDT
Coinbase International BNB-PERP-INTX
Aster BNBUSDT
BingX BNB-USDT
MEXC BNB_USDT
Binance BNBUSDT
Lighter BNB
Phoenix BNB
Nado BNB-PERP
Pacifica BNB
OKX BNB-USDT-SWAP
Arcus BNB-USD
KuCoin BNBUSDTM
Bitget BNBUSDT
edgeX BNBUSDC
ApeX Omni BNBUSDT
Polymarket Perps BNB-USD
Derive BNB-PERP
SunX BNB-USDT
SoDEX BNB-USD
HTX BNB-USDT
Paradex BNB-USD-PERP
Extended BNB-USD
Aevo BNB-PERP
Hibachi BNB/USDT-P
Kalshi KXBNBPERP
RISEx BNB/USDC
Bulk BNB-USD
Deribit BNB_USDC-PERPETUAL
01 Exchange BNBUSD
BloFin BNB-USDT
dYdX BNB-USD
Backpack BNB_USDC_PERP
Reya BNBRUSDPERP
Hyperliquid BNB