BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0021%/8h= −2.3% APRnext payment −$0.21 per $10,000 · paid last 24h −0.003%

Price spread now: Bybit against Paradex−0.185%49s7-day average — · you buy dearer than you sell

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

Long on Paradex Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropParadex: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Bybit is 0.185% cheaper against Paradex than usual: you would sell low and buy high (−$18 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 49 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex BNB-USD-PERP	805.29	0.0100	pay 0.0100% / 8h	1h 59m	$79K	$19K	50x
Short	Bybit BNBUSDT	803.80	0.0079	get 0.0079% / 8h	1h 59m	$139.5M	$81.7M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Paradex. 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 ParadexbpFee BybitbpOrdersPrice spread, now −0.185%Rate

Funding earned: −$4.34
Price spread: −0.185% → 0.000%: −$18.46
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$37.8
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Paradex: no order-book sample; Bybit: 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 Paradex no order-book sample	—	—	—	—	—
Sell Bybit live order book, 4 min ago	0.62 bp	7.1 bp −$7	10.1 bp −$101	30.6 bp −$3,065	162.5 bp −$81.3K

Paradex: 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 −0.0195% / S +0.0371%	1h	804.59	−0.087%	$49K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	805.08	−0.026%	$4K	$1K	25x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	804.57	−0.089%	$3.0M	$29.5M	10x	as long as short
Kalshi KXBNBPERP	0.0000%	8h	805.20	−0.011%	$108K	$2.5M	4.8x	as long as short
StandX BNB-USD	0.0000%	1h	804.71	−0.072%	$870K	$2.8M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	804.65	−0.079%	$9.8M	—	150x	as long as short
Kraken Futures PF_BNBUSD	+0.0038%	1h	804.53	−0.094%	$2.5M	$928K	50x	as long as short
Variational Omni BNB	+0.0047%	8h	804.12	−0.145%	$4.1M	$5.3M	—	as long as short
BingX BNB-USDC	+0.0056%	8h	804.59	−0.086%	—	$13.3M	—	as long as short
Bybit BNBUSDTshort	+0.0079%	8h	803.80	−0.185%	$139.5M	$81.7M	75x

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International BNB-PERP-INTX	+0.0088%	1h	804.54	−0.093%	$607K	$880K	50x	as long as short
Lighter BNB	+0.0096%	1h	804.49	−0.098%	$2.8M	$4.2M	20x	as long as short
Nado BNB-PERP	+0.0100%	1h	804.33	−0.118%	$1.5M	$2.8M	20x	as long as short
Pacifica BNB	+0.0100%	1h	804.83	−0.057%	$1.2M	$924K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	804.00	−0.160%	$55.1M	$116.0M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	804.90	−0.048%	$53K	$170K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	804.05	−0.154%	$36.1M	$59.3M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	804.08	−0.150%	$28.1M	$10.5M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	803.73	−0.193%	$78.9M	$24.8M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	805.31	+0.002%	$4.2M	$76.5M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	804.70	−0.073%	$159K	$436K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	804.60	−0.085%	$116K	$872K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	804.68	−0.075%	$389K	$592K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	804.89	−0.049%	$32K	$5K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	805.33	+0.006%	$13K	$1.7M	50x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0100%	1h	805.19	−0.011%	$1.6M	$165K	25x	as long as short
HTX BNB-USDT	+0.0100%	8h	804.71	−0.072%	$8.2M	$7.5M	75x	as long as short
Paradex BNB-USD-PERPlong	+0.0100%	8h	805.29	long leg	$79K	$19K	50x
Aster BNBUSDT	+0.0100%	8h	804.90	−0.048%	$6.4M	$18.9M	200x	as long as short
Extended BNB-USD	+0.0104%	1h	803.85	−0.178%	$1.9M	$5.9M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	804.87	−0.052%	$387K	$40K	10x	as long as short
MEXC BNB_USDT	+0.0116%	8h	805.00	−0.036%	$84.5M	$13.7M	200x	as long as short
Binance BNBUSDT	+0.0117%	8h	804.78	−0.062%	$519.7M	$806.4M	75x	as long as short
Phoenix BNB	+0.0125%	1h	804.66	−0.078%	$173K	$35K	10x	as long as short
Hyperliquid BNB	+0.0127%	1h	804.75	−0.066%	$51.8M	$22.0M	10x	as long as short
Phemex BNBUSDT	+0.0138%	8h	805.10	−0.023%	$70.3M	$51.9M	50x	as long as short
SoDEX BNB-USD	+0.0193%	1h	804.70	−0.073%	$396K	$1.0M	10x	as long as short
RISEx BNB/USDC	+0.0209%	1h	804.91	−0.046%	$1.1M	$1.4M	20x	as long as short
dYdX BNB-USD	+0.0227%	1h	804.85	−0.054%	$170K	$55K	10x	as long as short
BloFin BNB-USDT	+0.0236%	8h	805.36	+0.009%	$18.9M	$3.1M	75x	as long as short
Hibachi BNB/USDT-P	+0.0256%	1h	804.83	−0.056%	$71K	$48K	12x	as long as short
Bulk BNB-USD	+0.0273%	1h	805.26	−0.003%	$650K	$14K	10x	as long as short
Reya BNBRUSDPERP	+0.0334%	1h	804.35	−0.117%	$6K	$3K	40x	as long as short
01 Exchange BNBUSD	+0.0352%	1h	805.56	+0.034%	$28K	$1K	10x	as long as short
Injective BNB/USDC PERP	+0.0353%	1h	804.89	−0.049%	$19K	$627K	30x	as long as short
Backpack BNB_USDC_PERP	+0.0656%	1h	805.45	+0.020%	$3.0M	$5.5M	40x	as long as short