BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC−0.0022%/8h= −2.4% APRnext payment −$0.22 per $10,000 · paid last 24h −0.002%

Price spread now: Phemex against Orderly+0.056%7-day average +0.041% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Orderly Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days−0.094%−$9 on $10k

Price spread, last 4 days (all we have)−0.024%−$2 · spread now +0.056%, 7d avg +0.041%

Together, before fees−0.119%−$12 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.041%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_BNB_USDC	785.92	0.0100	pay 0.0100% / 8h	4h 47m	$264K	$258K	50x
Short	Phemex BNBUSDT	786.36	0.0078	get 0.0078% / 8h	4h 47m	$68.2M	$50.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against Orderly. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee OrderlybpFee PhemexbpOrdersPrice spread, now +0.056%Rate

Funding earned: −$4.54
Price spread: +0.056% → +0.041%: $1.49
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$21.05
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; Phemex: 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 Phemex live order book, 5 min ago	0.19 bp	7.3 bp −$7	8.1 bp −$81	12.0 bp −$1,198	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 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	785.81	−0.013%	$43K	—	200x	as long as short
Kraken Futures PF_BNBUSD	−0.0138%	1h	785.71	−0.027%	$2.6M	$1.4M	50x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	786.45	+0.067%	$4K	—	25x	as long as short
Bybit BNBUSDT	−0.0064%	8h	785.30	−0.079%	$138.5M	$65.9M	75x	as long as short
BingX BNB-USDC	−0.0050%	8h	785.33	−0.075%	—	$13.4M	—	as long as short
Aster BNBUSDT	0.0000%	8h	786.44	+0.066%	$5.9M	$16.7M	200x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	785.65	−0.034%	$2.9M	$26.8M	10x	as long as short
Kalshi KXBNBPERP	0.0000%	8h	786.30	+0.048%	$160K	$2.5M	4.8x	as long as short
StandX BNB-USD	0.0000%	1h	786.23	+0.039%	$848K	$3.0M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	785.78	−0.018%	$9.5M	—	150x	as long as short

Show all 46 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC BNB_USDT	+0.0008%	8h	787.30	+0.176%	$83.4M	$11.5M	200x	as long as short
Binance BNBUSDT	+0.0008%	8h	786.44	+0.066%	$480.2M	$751.6M	75x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.439%	$19K	$789K	30x	as long as short
BloFin BNB-USDT	+0.0034%	8h	786.33	+0.052%	$17.2M	$2.3M	75x	as long as short
Phemex BNBUSDTshort	+0.0078%	8h	786.36	+0.056%	$68.2M	$50.3M	50x
Variational Omni BNB	+0.0087%	8h	785.24	−0.086%	$4.3M	$4.3M	—	as long as short
Lighter BNB	+0.0096%	1h	785.86	−0.008%	$2.7M	$2.9M	20x	as long as short
Nado BNB-PERP	+0.0100%	1h	785.15	−0.098%	$1.3M	$2.3M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	786.61	+0.088%	$52.1M	$16.4M	10x	as long as short
Pacifica BNB	+0.0100%	1h	785.76	−0.020%	$1.2M	$927K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	785.40	−0.066%	$53.3M	$99.8M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	786.10	+0.023%	$57K	$124K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	785.90	−0.003%	$42.2M	$51.8M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	785.61	−0.039%	$28.2M	$9.6M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	785.20	−0.092%	$75.5M	$30.7M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	786.11	+0.024%	$2.2M	$6.0M	40x	as long as short
edgeX BNBUSDC	+0.0100%	4h	785.61	−0.040%	$4.1M	$71.6M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	785.88	−0.005%	$158K	$459K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	785.86	−0.008%	$126K	$911K	10x	as long as short
Orderly PERP_BNB_USDClong	+0.0100%	8h	785.92	long leg	$264K	$258K	50x
Derive BNB-PERP	+0.0100%	1h	786.01	+0.011%	$31K	$10K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	786.55	+0.080%	$12K	$1.3M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	786.10	+0.023%	$386K	$921K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0100%	1h	786.20	+0.036%	$1.5M	$126K	25x	as long as short
HTX BNB-USDT	+0.0100%	8h	785.88	−0.006%	$8.0M	$9.9M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	786.42	+0.063%	$78K	$1.3M	50x	as long as short
Extended BNB-USD	+0.0104%	1h	785.30	−0.079%	$1.8M	$5.5M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	785.79	−0.016%	$377K	$110K	10x	as long as short
Phoenix BNB	+0.0116%	1h	786.56	+0.081%	$158K	$45K	10x	as long as short
Coinbase International BNB-PERP-INTX	+0.0136%	1h	785.93	+0.001%	$537K	$1.9M	50x	as long as short
01 Exchange BNBUSD	+0.0248%	1h	786.62	+0.089%	$28K	$3K	10x	as long as short
Hibachi BNB/USDT-P	+0.0264%	1h	785.56	−0.046%	$67K	$34K	12x	as long as short
Bulk BNB-USD	+0.0274%	1h	787.88	+0.249%	$638K	$10K	10x	as long as short
dYdX BNB-USD	+0.0310%	1h	785.84	−0.010%	$158K	$34K	10x	as long as short
Reya BNBRUSDPERP	+0.0315%	1h	785.46	−0.059%	$6K	$3K	40x	as long as short
RISEx BNB/USDC	+0.0391%	1h	786.20	+0.035%	$1.1M	$939K	20x	as long as short