Funding you earn now, next payment 04:00 UTC+0.0008%/8h= +0.9% APRpaid last 24h −0.007%
Price spread now: Paradex against Phoenix−0.045%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Paradex is 0.045% cheaper against Phoenix than usual: you would sell low and buy high, −$4 on $10k if it goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix BNB | 789.11 | 0.0092 | pay 0.0012% / 1h | 45m 04s | $170K | $35K | 10x |
| Short | Paradex BNB-USD-PERP | 788.76 | 0.0100 | get 0.0100% / 8h | 3h 45m | $77K | $17K | 50x |
Phoenix BNB
Paradex BNB-USD-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Paradex against Phoenix. 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
- $1.69
- Price spread: −0.045% → 0.000%
- −$4.49
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Paradex: 2 bp × 2 orders
- −$4
- Net
- −$13.8
- Costs to cover
- 0.110%
- Break-even
- 64.1 days
Slippage unknown: Phoenix: live order book, 66 min ago; Paradex: no order-book sample. 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 Phoenix live order book, 66 min ago | 1.01 bp | 12.4 bp −$12 | 50.9 bp −$509 | doesn't fit | doesn't fit |
| Sell Paradex no order-book sample | — | — | — | — | — |
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 −0.0192% / S +0.0356% | 1h | 788.34 | −0.098% | $46K | — | 200x | as long as short |
| Kraken Futures PF_BNBUSD | −0.0124% | 1h | 788.56 | −0.069% | $2.5M | $1.2M | 50x | as long as short |
| Hotstuff BNB-PERP | −0.0080% | 1h | 789.05 | −0.008% | $4K | $42 | 25x | as long as short |
| StandX BNB-USD | 0.0000% | 1h | 789.04 | −0.009% | $851K | $3.2M | 30x | as long as short |
| gTrade (Gains Network) BNB/USD | L +0.0007% / S −0.0007% | 1h | 788.41 | −0.089% | $9.5M | — | 150x | as long as short |
| Injective BNB/USDC PERP | +0.0033% | 1h | 805.09 | +2.025% | $19K | $789K | 30x | as long as short |
| Aster BNBUSDT | +0.0035% | 8h | 789.00 | −0.014% | $6.1M | $18.8M | 200x | as long as short |
| BingX BNB-USDC | +0.0046% | 8h | 788.67 | −0.056% | — | $13.4M | — | as long as short |
| MEXC BNB_USDT | +0.0055% | 8h | 789.20 | +0.011% | $80.0M | $12.0M | 200x | as long as short |
| Binance BNBUSDT | +0.0055% | 8h | 788.90 | −0.027% | $492.4M | $796.4M | 75x | as long as short |
GMX BNB/USD [WBTC.b-USDC]
Kraken Futures PF_BNBUSD
Hotstuff BNB-PERP
StandX BNB-USD
gTrade (Gains Network) BNB/USD
Injective BNB/USDC PERP
Aster BNBUSDT
BingX BNB-USDC
MEXC BNB_USDT
Binance BNBUSDTShow all 46 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phemex BNBUSDT | +0.0062% | 8h | 788.93 | −0.023% | $69.0M | $50.3M | 50x | as long as short |
| Coinbase International BNB-PERP-INTX | +0.0072% | 1h | 790.26 | +0.146% | $580K | $1.9M | 50x | as long as short |
| Phoenix BNBlong | +0.0092% | 1h | 789.11 | long leg | $170K | $35K | 10x | |
| Lighter BNB | +0.0096% | 1h | 788.73 | −0.048% | $2.7M | $3.8M | 20x | as long as short |
| Orderly PERP_BNB_USDC | +0.0100% | 8h | 788.52 | −0.075% | $265K | $492K | 50x | as long as short |
| Nado BNB-PERP | +0.0100% | 1h | 788.50 | −0.077% | $1.5M | $2.6M | 20x | as long as short |
| Hyperliquid BNB | +0.0100% | 1h | 789.05 | −0.008% | $51.8M | $17.5M | 10x | as long as short |
| Pacifica BNB | +0.0100% | 1h | 788.60 | −0.065% | $1.2M | $931K | 20x | as long as short |
| Bybit BNBUSDT | +0.0100% | 8h | 788.30 | −0.103% | $138.7M | $74.1M | 75x | as long as short |
| OKX BNB-USDT-SWAP | +0.0100% | 8h | 788.30 | −0.103% | $53.4M | $111.8M | 50x | as long as short |
| Arcus BNB-USD | +0.0100% | 1h | 788.60 | −0.065% | $52K | $133K | 10x | as long as short |
| Gate BNB_USDT | +0.0100% | 8h | 788.50 | −0.077% | $35.9M | $56.8M | 75x | as long as short |
| KuCoin BNBUSDTM | +0.0100% | 8h | 788.25 | −0.109% | $28.1M | $10.2M | 75x | as long as short |
| Bitget BNBUSDT | +0.0100% | 8h | 787.95 | −0.147% | $76.3M | $30.4M | 75x | as long as short |
| Backpack BNB_USDC_PERP | +0.0100% | 1h | 788.88 | −0.029% | $2.2M | $6.1M | 40x | as long as short |
| Variational Omni BNB | +0.0100% | 8h | 788.41 | −0.088% | $4.1M | $4.8M | — | as long as short |
| edgeX BNBUSDC | +0.0100% | 4h | 789.33 | +0.028% | $4.1M | $73.8M | 30x | as long as short |
| ApeX Omni BNBUSDT | +0.0100% | 1h | 789.44 | +0.042% | $159K | $441K | 50x | as long as short |
| Polymarket Perps BNB-USD | +0.0100% | 1h | 788.22 | −0.113% | $130K | $955K | 10x | as long as short |
| Derive BNB-PERP | +0.0100% | 1h | 788.78 | −0.042% | $31K | $12K | 10x | as long as short |
| SunX BNB-USDT | +0.0100% | 8h | 788.91 | −0.025% | $12K | $1.5M | 50x | as long as short |
| SoDEX BNB-USD | +0.0100% | 1h | 788.70 | −0.052% | $388K | $1.0M | 10x | as long as short |
| HTX BNB-USDT | +0.0100% | 8h | 788.52 | −0.074% | $8.1M | $9.6M | 75x | as long as short |
| Paradex BNB-USD-PERPshort | +0.0100% | 8h | 788.76 | −0.045% | $77K | $17K | 50x | |
| Extended BNB-USD | +0.0104% | 1h | 788.03 | −0.137% | $1.9M | $6.2M | 50x | as long as short |
| Aevo BNB-PERP | +0.0104% | 1h | 788.53 | −0.073% | $379K | $110K | 10x | as long as short |
| Kalshi KXBNBPERP | +0.0105% | 8h | 789.00 | −0.014% | $134K | $2.7M | 4.8x | as long as short |
| dYdX BNB-USD | +0.0125% | 1h | 788.57 | −0.069% | $160K | $64K | 10x | as long as short |
| GRVT BNB_USDT_Perp | +0.0169% | 8h | 789.53 | +0.053% | $2.9M | $28.7M | 10x | as long as short |
| BloFin BNB-USDT | +0.0175% | 8h | 789.06 | −0.006% | $18.1M | $2.2M | 75x | as long as short |
| Bulk BNB-USD | +0.0234% | 1h | 790.66 | +0.196% | $640K | $9K | 10x | as long as short |
| 01 Exchange BNBUSD | +0.0264% | 1h | 788.93 | −0.023% | $28K | $4K | 10x | as long as short |
| Deribit BNB_USDC-PERPETUAL | +0.0300% | 1h | 789.00 | −0.014% | $1.5M | $143K | 25x | as long as short |
| Reya BNBRUSDPERP | +0.0325% | 1h | 788.05 | −0.134% | $6K | $3K | 40x | as long as short |
| Hibachi BNB/USDT-P | +0.0392% | 1h | 788.82 | −0.037% | $67K | $39K | 12x | as long as short |
| RISEx BNB/USDC | +0.0431% | 1h | 788.75 | −0.046% | $1.1M | $891K | 20x | as long as short |
Phemex BNBUSDT
Coinbase International BNB-PERP-INTX
Lighter BNB
Orderly PERP_BNB_USDC
Nado BNB-PERP
Hyperliquid BNB
Pacifica BNB
Bybit BNBUSDT
OKX BNB-USDT-SWAP
Arcus BNB-USD
Gate BNB_USDT
KuCoin BNBUSDTM
Bitget BNBUSDT
Backpack BNB_USDC_PERP
Variational Omni BNB
edgeX BNBUSDC
ApeX Omni BNBUSDT
Polymarket Perps BNB-USD
Derive BNB-PERP
SunX BNB-USDT
SoDEX BNB-USD
HTX BNB-USDT
Extended BNB-USD
Aevo BNB-PERP
Kalshi KXBNBPERP
dYdX BNB-USD
GRVT BNB_USDT_Perp
BloFin BNB-USDT
Bulk BNB-USD
01 Exchange BNBUSD
Deribit BNB_USDC-PERPETUAL
Reya BNBRUSDPERP
Hibachi BNB/USDT-P
RISEx BNB/USDC