Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.043%
Price spread now: Backpack against SoDEX+0.004%7-day average +0.037% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$24as in the Price arb table
costs, in and out, $10k−$210.205% of the position
Funding, last 3 days (all we have)+0.037%+$4 on $10k
+Price spread, last 4 days (all we have)+0.133%+$13 · spread now +0.004%, 7d avg +0.037%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Backpack is 0.033% cheaper against SoDEX than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.037%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | SoDEX BNB-USD | 789.40 | 0.0100 | pay 0.0013% / 1h | 19m 13s | $388K | $1.0M | 10x |
| Short | Backpack BNB_USDC_PERP | 789.43 | 0.0100 | get 0.0013% / 1h | 19m 13s | $2.2M | $6.1M | 40x |
SoDEX BNB-USD
Backpack BNB_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against SoDEX. 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
- $0
- Price spread: +0.004% → +0.037%
- −$3.28
- Slippage, 4 orders
- −$2.55
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$23.83
- Costs to cover
- 0.205%
- Break-even
- never at this rate
Slippage from SoDEX: live order book, 5 min ago; Backpack: live order book, 5 min ago.
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 SoDEX live order book, 5 min ago | 0.63 bp | 5.0 bp −$5 | 8.6 bp −$86 | 86.5 bp −$8,647 | doesn't fit |
| Sell Backpack live order book, 5 min ago | 0.06 bp | 5.3 bp −$5 | 7.9 bp −$79 | doesn't fit | doesn't fit |
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 −0.0187% / S +0.0352% | 1h | 789.21 | −0.024% | $46K | — | 200x | as long as short |
| Hotstuff BNB-PERP | −0.0080% | 1h | 789.60 | +0.025% | $4K | $42 | 25x | as long as short |
| StandX BNB-USD | 0.0000% | 1h | 789.38 | −0.003% | $851K | $3.2M | 30x | as long as short |
| gTrade (Gains Network) BNB/USD | L +0.0007% / S −0.0007% | 1h | 789.23 | −0.022% | $9.5M | — | 150x | as long as short |
| Injective BNB/USDC PERP | +0.0033% | 1h | 805.09 | +1.988% | $19K | $789K | 30x | as long as short |
| Aster BNBUSDT | +0.0038% | 8h | 789.83 | +0.054% | $6.1M | $18.7M | 200x | as long as short |
| BingX BNB-USDC | +0.0051% | 8h | 789.18 | −0.028% | — | $13.4M | — | as long as short |
| Phemex BNBUSDT | +0.0058% | 8h | 789.76 | +0.046% | $69.1M | $50.0M | 50x | as long as short |
| MEXC BNB_USDT | +0.0062% | 8h | 790.00 | +0.076% | $80.2M | $12.4M | 200x | as long as short |
| Binance BNBUSDT | +0.0063% | 8h | 789.66 | +0.033% | $492.8M | $789.7M | 75x | as long as short |
GMX BNB/USD [WBTC.b-USDC]
Hotstuff BNB-PERP
StandX BNB-USD
gTrade (Gains Network) BNB/USD
Injective BNB/USDC PERP
Aster BNBUSDT
BingX BNB-USDC
Phemex BNBUSDT
MEXC BNB_USDT
Binance BNBUSDTShow all 46 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International BNB-PERP-INTX | +0.0064% | 1h | 789.45 | +0.006% | $582K | $1.9M | 50x | as long as short |
| Lighter BNB | +0.0096% | 1h | 789.25 | −0.018% | $2.7M | $3.8M | 20x | as long as short |
| Orderly PERP_BNB_USDC | +0.0100% | 8h | 789.20 | −0.025% | $265K | $492K | 50x | as long as short |
| Nado BNB-PERP | +0.0100% | 1h | 789.10 | −0.038% | $1.5M | $2.6M | 20x | as long as short |
| Hyperliquid BNB | +0.0100% | 1h | 789.64 | +0.030% | $51.8M | $17.5M | 10x | as long as short |
| Pacifica BNB | +0.0100% | 1h | 789.40 | 0.000% | $1.2M | $931K | 20x | as long as short |
| Bybit BNBUSDT | +0.0100% | 8h | 789.00 | −0.051% | $138.8M | $74.6M | 75x | as long as short |
| OKX BNB-USDT-SWAP | +0.0100% | 8h | 788.90 | −0.063% | $53.4M | $111.2M | 50x | as long as short |
| Arcus BNB-USD | +0.0100% | 1h | 789.40 | 0.000% | $52K | $130K | 10x | as long as short |
| Gate BNB_USDT | +0.0100% | 8h | 789.00 | −0.051% | $35.5M | $57.4M | 75x | as long as short |
| KuCoin BNBUSDTM | +0.0100% | 8h | 789.01 | −0.049% | $28.1M | $10.4M | 75x | as long as short |
| Bitget BNBUSDT | +0.0100% | 8h | 788.63 | −0.098% | $76.3M | $30.1M | 75x | as long as short |
| Backpack BNB_USDC_PERPshort | +0.0100% | 1h | 789.43 | +0.004% | $2.2M | $6.1M | 40x | |
| Variational Omni BNB | +0.0100% | 8h | 788.80 | −0.075% | $4.1M | $4.6M | — | as long as short |
| edgeX BNBUSDC | +0.0100% | 4h | 789.71 | +0.039% | $4.1M | $73.3M | 30x | as long as short |
| ApeX Omni BNBUSDT | +0.0100% | 1h | 789.71 | +0.039% | $159K | $440K | 50x | as long as short |
| Polymarket Perps BNB-USD | +0.0100% | 1h | 789.05 | −0.044% | $133K | $950K | 10x | as long as short |
| Derive BNB-PERP | +0.0100% | 1h | 789.31 | −0.011% | $31K | $12K | 10x | as long as short |
| SunX BNB-USDT | +0.0100% | 8h | 789.82 | +0.053% | $12K | $1.5M | 50x | as long as short |
| SoDEX BNB-USDlong | +0.0100% | 1h | 789.40 | long leg | $388K | $1.0M | 10x | |
| HTX BNB-USDT | +0.0100% | 8h | 789.11 | −0.036% | $8.1M | $9.5M | 75x | as long as short |
| Paradex BNB-USD-PERP | +0.0101% | 8h | 789.78 | +0.048% | $77K | $17K | 50x | as long as short |
| Extended BNB-USD | +0.0104% | 1h | 788.84 | −0.071% | $1.8M | $5.9M | 50x | as long as short |
| Aevo BNB-PERP | +0.0104% | 1h | 789.33 | −0.009% | $379K | $110K | 10x | as long as short |
| Phoenix BNB | +0.0117% | 1h | 789.49 | +0.011% | $170K | $35K | 10x | as long as short |
| dYdX BNB-USD | +0.0124% | 1h | 789.35 | −0.006% | $160K | $64K | 10x | as long as short |
| GRVT BNB_USDT_Perp | +0.0148% | 8h | 789.97 | +0.072% | $2.9M | $28.6M | 10x | as long as short |
| Kalshi KXBNBPERP | +0.0176% | 8h | 789.80 | +0.051% | $125K | $2.7M | 4.8x | as long as short |
| BloFin BNB-USDT | +0.0183% | 8h | 789.85 | +0.057% | $18.2M | $2.2M | 75x | as long as short |
| Deribit BNB_USDC-PERPETUAL | +0.0200% | 1h | 789.61 | +0.026% | $1.5M | $143K | 25x | as long as short |
| Bulk BNB-USD | +0.0222% | 1h | 790.13 | +0.092% | $640K | $9K | 10x | as long as short |
| 01 Exchange BNBUSD | +0.0232% | 1h | 789.76 | +0.046% | $28K | $4K | 10x | as long as short |
| Kraken Futures PF_BNBUSD | +0.0263% | 1h | 789.01 | −0.049% | $2.5M | $1.2M | 50x | as long as short |
| Reya BNBRUSDPERP | +0.0326% | 1h | 788.89 | −0.064% | $6K | $3K | 40x | as long as short |
| Hibachi BNB/USDT-P | +0.0400% | 1h | 789.48 | +0.010% | $67K | $38K | 12x | as long as short |
| RISEx BNB/USDC | +0.0461% | 1h | 789.50 | +0.012% | $1.1M | $967K | 20x | as long as short |
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
Variational Omni BNB
edgeX BNBUSDC
ApeX Omni BNBUSDT
Polymarket Perps BNB-USD
Derive BNB-PERP
SunX BNB-USDT
HTX BNB-USDT
Paradex BNB-USD-PERP
Extended BNB-USD
Aevo BNB-PERP
Phoenix BNB
dYdX BNB-USD
GRVT BNB_USDT_Perp
Kalshi KXBNBPERP
BloFin BNB-USDT
Deribit BNB_USDC-PERPETUAL
Bulk BNB-USD
01 Exchange BNBUSD
Kraken Futures PF_BNBUSD
Reya BNBRUSDPERP
Hibachi BNB/USDT-P
RISEx BNB/USDC