Funding you earn now, next payment 01:00 UTC+0.0055%/8h= +6.0% APRpaid last 24h +0.016%
Price spread now: RISEx against Orderly−0.037%7-day average −0.011% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)+0.099%+$10 on $10k
+Price spread, last 3 days (all we have)+0.079%+$8 · spread now −0.037%, 7d avg −0.011%
=Funding pays, the price is against you. RISEx is 0.026% cheaper against Orderly than usual: you would sell low and buy high (spread −0.037% now, against its 7-day average of −0.011%). If the spread goes back, that is −$3 on $10k: about 38 hours of funding at the current rate (+$2 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_BNB_USDC | 800.52 | 0.0100 | pay 0.0100% / 8h | 7h 24m | $387K | $459K | 50x |
| Short | RISEx BNB/USDC | 800.22 | 0.0155 | get 0.0019% / 1h | 24m 59s | $1.1M | $1.4M | 20x |
Orderly PERP_BNB_USDC
RISEx BNB/USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
RISEx 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
- $11.52
- Price spread: −0.037% → −0.011%
- −$2.62
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee RISEx: 3 bp × 2 orders
- −$6
- Net
- −$3.09
- Costs to cover
- 0.120%
- Break-even
- 8.9 days
Slippage unknown: Orderly: no order-book sample; RISEx: 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 RISEx live order book, 4 min ago | 1.31 bp | 4.3 bp −$4 | 11.2 bp −$112 | 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 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 −0.0159% / S +0.0334% | 1h | 800.55 | +0.004% | $48K | — | 200x | as long as short |
| Kraken Futures PF_BNBUSD | −0.0120% | 1h | 800.52 | 0.000% | $2.5M | $1.0M | 50x | as long as short |
| Hotstuff BNB-PERP | −0.0080% | 1h | 800.30 | −0.027% | $4K | $239 | 25x | as long as short |
| BingX BNB-USDT | −0.0024% | 8h | 800.62 | +0.012% | — | $35.0M | — | as long as short |
| Bybit BNBUSDT | −0.0005% | 8h | 800.60 | +0.010% | $139.0M | $75.9M | 75x | as long as short |
| GRVT BNB_USDT_Perp | 0.0000% | 8h | 799.53 | −0.123% | $3.0M | $27.5M | 10x | as long as short |
| StandX BNB-USD | 0.0000% | 1h | 799.70 | −0.102% | $864K | $2.9M | 30x | as long as short |
| Phemex BNBUSDT | 0.0000% | 8h | 800.95 | +0.054% | $70.0M | $50.1M | 50x | as long as short |
| Variational Omni BNB | +0.0003% | 8h | 799.72 | −0.100% | $4.1M | $5.2M | — | as long as short |
| gTrade (Gains Network) BNB/USD | L +0.0008% / S −0.0007% | 1h | 800.56 | +0.005% | $9.8M | — | 150x | as long as short |
GMX BNB/USD [WBTC.b-USDC]
Kraken Futures PF_BNBUSD
Hotstuff BNB-PERP
BingX BNB-USDT
Bybit BNBUSDT
GRVT BNB_USDT_Perp
StandX BNB-USD
Phemex BNBUSDT
Variational Omni BNB
gTrade (Gains Network) BNB/USDShow all 46 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective BNB/USDC PERP | +0.0033% | 1h | 805.09 | +0.571% | $19K | $789K | 30x | as long as short |
| Gate BNB_USDT | +0.0039% | 8h | 800.30 | −0.027% | $35.8M | $56.5M | 75x | as long as short |
| Coinbase International BNB-PERP-INTX | +0.0048% | 1h | 800.80 | +0.035% | $617K | $1.1M | 50x | as long as short |
| Aster BNBUSDT | +0.0059% | 8h | 801.08 | +0.069% | $6.2M | $19.4M | 200x | as long as short |
| Binance BNBUSDT | +0.0081% | 8h | 801.12 | +0.075% | $497.1M | $812.1M | 75x | as long as short |
| MEXC BNB_USDT | +0.0081% | 8h | 801.50 | +0.122% | $83.2M | $13.6M | 200x | as long as short |
| Lighter BNB | +0.0096% | 1h | 800.90 | +0.047% | $2.8M | $4.0M | 20x | as long as short |
| Phoenix BNB | +0.0099% | 1h | 800.45 | −0.009% | $172K | $36K | 10x | as long as short |
| Nado BNB-PERP | +0.0100% | 1h | 800.00 | −0.065% | $1.5M | $2.7M | 20x | as long as short |
| Pacifica BNB | +0.0100% | 1h | 800.50 | −0.002% | $1.2M | $924K | 20x | as long as short |
| OKX BNB-USDT-SWAP | +0.0100% | 8h | 800.40 | −0.015% | $54.3M | $111.5M | 50x | as long as short |
| Arcus BNB-USD | +0.0100% | 1h | 800.40 | −0.015% | $53K | $133K | 10x | as long as short |
| KuCoin BNBUSDTM | +0.0100% | 8h | 800.50 | −0.002% | $27.9M | $10.0M | 75x | as long as short |
| Bitget BNBUSDT | +0.0100% | 8h | 800.13 | −0.049% | $78.4M | $28.1M | 75x | as long as short |
| edgeX BNBUSDC | +0.0100% | 4h | 799.40 | −0.140% | $4.2M | $76.4M | 30x | as long as short |
| ApeX Omni BNBUSDT | +0.0100% | 1h | 799.54 | −0.122% | $161K | $435K | 50x | as long as short |
| Polymarket Perps BNB-USD | +0.0100% | 1h | 800.13 | −0.049% | $115K | $880K | 10x | as long as short |
| Orderly PERP_BNB_USDClong | +0.0100% | 8h | 800.52 | long leg | $387K | $459K | 50x | |
| Derive BNB-PERP | +0.0100% | 1h | 800.77 | +0.031% | $32K | $5K | 10x | as long as short |
| SunX BNB-USDT | +0.0100% | 8h | 801.26 | +0.092% | $13K | $1.7M | 50x | as long as short |
| SoDEX BNB-USD | +0.0100% | 1h | 800.80 | +0.035% | $394K | $1.0M | 10x | as long as short |
| HTX BNB-USDT | +0.0100% | 8h | 800.35 | −0.021% | $8.2M | $8.3M | 75x | as long as short |
| Paradex BNB-USD-PERP | +0.0100% | 8h | 800.81 | +0.037% | $78K | $18K | 50x | as long as short |
| Extended BNB-USD | +0.0104% | 1h | 800.17 | −0.044% | $1.8M | $6.0M | 50x | as long as short |
| Aevo BNB-PERP | +0.0104% | 1h | 800.73 | +0.026% | $385K | $110K | 10x | as long as short |
| Bulk BNB-USD | +0.0127% | 1h | 799.28 | −0.155% | $649K | $10K | 10x | as long as short |
| RISEx BNB/USDCshort | +0.0155% | 1h | 800.22 | −0.037% | $1.1M | $1.4M | 20x | |
| Kalshi KXBNBPERP | +0.0156% | 8h | 801.30 | +0.097% | $90K | $2.8M | 4.8x | as long as short |
| BloFin BNB-USDT | +0.0201% | 8h | 801.17 | +0.081% | $18.1M | $2.6M | 75x | as long as short |
| 01 Exchange BNBUSD | +0.0208% | 1h | 800.60 | +0.010% | $28K | $1K | 10x | as long as short |
| dYdX BNB-USD | +0.0215% | 1h | 800.07 | −0.056% | $161K | $63K | 10x | as long as short |
| Hibachi BNB/USDT-P | +0.0216% | 1h | 800.70 | +0.022% | $69K | $38K | 12x | as long as short |
| Deribit BNB_USDC-PERPETUAL | +0.0300% | 1h | 801.15 | +0.079% | $1.6M | $161K | 25x | as long as short |
| Hyperliquid BNB | +0.0305% | 1h | 801.23 | +0.089% | $53.2M | $20.7M | 10x | as long as short |
| Reya BNBRUSDPERP | +0.0330% | 1h | 799.71 | −0.101% | $6K | $3K | 40x | as long as short |
| Backpack BNB_USDC_PERP | +0.0395% | 1h | 801.30 | +0.097% | $2.7M | $5.7M | 40x | as long as short |
Injective BNB/USDC PERP
Gate BNB_USDT
Coinbase International BNB-PERP-INTX
Aster BNBUSDT
Binance BNBUSDT
MEXC BNB_USDT
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
Bulk BNB-USD
Kalshi KXBNBPERP
BloFin BNB-USDT
01 Exchange BNBUSD
dYdX BNB-USD
Hibachi BNB/USDT-P
Deribit BNB_USDC-PERPETUAL
Hyperliquid BNB
Reya BNBRUSDPERP
Backpack BNB_USDC_PERP