BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0100%/8h= +10.9% APRnext payment +$0.13 per $10,000 · paid last 24h +0.029%

Price spread now: Derive against StandX−0.070%49s7-day average — · you buy dearer than you sell

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

Long on StandX Short on Derive

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 airdropStandX: Active · farm boardneeds both histories

Funding pays, the price is against you. Derive is 0.070% cheaper against StandX than usual: you would sell low and buy high (spread −0.070% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$7 on $10k: about 2.3 days of funding at the current rate (+$3 a day). 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	StandX BNB-USD	788.53	0	get 0.0000% / 1h	23m 24s	$850K	$3.1M	30x
Short	Derive BNB-PERP	787.98	0.0100	get 0.0013% / 1h	23m 24s	$31K	$12K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Derive against StandX. 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 StandXbpFee DerivebpOrdersPrice spread, now −0.070%Rate

Funding earned: $21
Price spread: −0.070% → 0.000%: −$6.99
Slippage, 4 orders: no order book: not counted
Fee StandX: 4 bp × 2 orders: −$8
Fee Derive: 3 bp × 2 orders: −$6
Net: $0.01
Costs to cover: 0.140%
Break-even: 7.0 days

Slippage unknown: StandX: live order book, 1 min ago; Derive: 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 StandX live order book, 1 min ago	4.57 bp	8.9 bp −$9	12.3 bp −$123	doesn't fit	doesn't fit
Sell Derive no order-book sample	—	—	—	—	—

Derive: 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	787.88	−0.083%	$46K	—	200x	as long as short
Kraken Futures PF_BNBUSD	−0.0124%	1h	787.75	−0.099%	$2.5M	$1.2M	50x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	788.00	−0.067%	$4K	$42	25x	as long as short
StandX BNB-USDlong	0.0000%	1h	788.53	long leg	$850K	$3.1M	30x
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	787.77	−0.096%	$9.5M	—	150x	as long as short
Aster BNBUSDT	+0.0025%	8h	788.31	−0.028%	$6.1M	$18.7M	200x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.100%	$19K	$789K	30x	as long as short
BingX BNB-USDT	+0.0040%	8h	787.90	−0.080%	—	$22.3M	—	as long as short
Binance BNBUSDT	+0.0044%	8h	788.32	−0.027%	$491.5M	$798.1M	75x	as long as short
MEXC BNB_USDT	+0.0044%	8h	788.80	+0.034%	$80.0M	$12.0M	200x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex BNBUSDT	+0.0046%	8h	788.33	−0.025%	$69.0M	$50.6M	50x	as long as short
Coinbase International BNB-PERP-INTX	+0.0072%	1h	787.43	−0.140%	$581K	$1.9M	50x	as long as short
Phoenix BNB	+0.0092%	1h	788.22	−0.039%	$169K	$35K	10x	as long as short
dYdX BNB-USD	+0.0095%	1h	787.88	−0.082%	$159K	$64K	10x	as long as short
Lighter BNB	+0.0096%	1h	787.95	−0.074%	$2.7M	$3.9M	20x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	787.87	−0.084%	$265K	$492K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	787.60	−0.118%	$1.5M	$2.6M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	788.40	−0.016%	$51.7M	$17.4M	10x	as long as short
Pacifica BNB	+0.0100%	1h	788.09	−0.055%	$1.2M	$933K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	787.70	−0.105%	$138.6M	$73.8M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	787.60	−0.118%	$53.5M	$111.5M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	788.00	−0.067%	$52K	$133K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	787.70	−0.105%	$35.9M	$57.6M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	787.43	−0.140%	$27.6M	$10.3M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	787.43	−0.140%	$76.2M	$30.5M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	788.23	−0.038%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	787.50	−0.130%	$4.1M	$4.8M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	788.21	−0.040%	$4.1M	$73.8M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	788.40	−0.016%	$159K	$442K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	787.66	−0.110%	$130K	$951K	10x	as long as short
Derive BNB-PERPshort	+0.0100%	1h	787.98	−0.070%	$31K	$12K	10x
SunX BNB-USDT	+0.0100%	8h	788.41	−0.015%	$12K	$1.5M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	788.00	−0.067%	$387K	$1.0M	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	787.93	−0.076%	$8.1M	$9.6M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	788.15	−0.048%	$77K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	787.43	−0.139%	$1.9M	$6.3M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	787.90	−0.079%	$378K	$110K	10x	as long as short
Kalshi KXBNBPERP	+0.0110%	8h	788.20	−0.042%	$126K	$2.7M	4.8x	as long as short
BloFin BNB-USDT	+0.0165%	8h	788.29	−0.030%	$18.0M	$2.2M	75x	as long as short
GRVT BNB_USDT_Perp	+0.0174%	8h	788.49	−0.005%	$2.9M	$28.7M	10x	as long as short
Bulk BNB-USD	+0.0193%	1h	788.28	−0.031%	$638K	$10K	10x	as long as short
01 Exchange BNBUSD	+0.0240%	1h	788.31	−0.028%	$28K	$4K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	788.37	−0.021%	$1.5M	$143K	25x	as long as short
Reya BNBRUSDPERP	+0.0324%	1h	787.49	−0.132%	$6K	$3K	40x	as long as short
Hibachi BNB/USDT-P	+0.0408%	1h	788.11	−0.054%	$68K	$39K	12x	as long as short
RISEx BNB/USDC	+0.0431%	1h	788.13	−0.051%	$1.1M	$893K	20x	as long as short