Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.042%
Price spread now: Backpack against Arcus+0.076%7-day average −0.041% · 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−$17as in the Price arb table
costs, in and out, $10k−$290.286% of the position
Funding, last 4 days (all we have)−0.016%−$2 on $10k
+Price spread, last 4 days (all we have)−0.152%−$15 · spread now +0.076%, 7d avg −0.041%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Backpack is 0.117% dearer against Arcus than usual: you sell high and buy low, +$12 on $10k if it goes back to its 7-day average of −0.041%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Arcus BNB-USD | 786.50 | 0.0100 | pay 0.0013% / 1h | 40m 43s | $52K | $129K | 10x |
| Short | Backpack BNB_USDC_PERP | 787.10 | 0.0100 | get 0.0013% / 1h | 40m 43s | $2.2M | $6.1M | 40x |
Arcus BNB-USD
Backpack BNB_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against Arcus. 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: +0.076% → −0.041%
- $11.73
- Slippage, 4 orders
- −$14.09
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$16.87
- Costs to cover
- 0.286%
- Break-even
- never at this rate
Slippage from Arcus: live order book, 62 min ago; Backpack: live order book, 3 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 Arcus live order book, 62 min ago | 2.54 bp | 7.4 bp −$7 | 26.6 bp −$266 | doesn't fit | doesn't fit |
| Sell Backpack live order book, 3 min ago | 0.06 bp | 5.6 bp −$6 | 7.5 bp −$75 | 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 −0.0168% / S +0.0337% | 1h | 786.60 | +0.013% | $43K | — | 200x | as long as short |
| Hotstuff BNB-PERP | −0.0080% | 1h | 786.89 | +0.050% | $4K | $42 | 25x | as long as short |
| Kraken Futures PF_BNBUSD | −0.0050% | 1h | 786.48 | −0.003% | $2.5M | $1.2M | 50x | as long as short |
| StandX BNB-USD | 0.0000% | 1h | 787.35 | +0.108% | $849K | $2.7M | 30x | as long as short |
| gTrade (Gains Network) BNB/USD | L +0.0007% / S −0.0007% | 1h | 786.61 | +0.014% | $9.5M | — | 150x | as long as short |
| Injective BNB/USDC PERP | +0.0033% | 1h | 805.09 | +2.364% | $19K | $789K | 30x | as long as short |
| BingX BNB-USDT | +0.0044% | 8h | 786.44 | −0.008% | — | $22.3M | — | as long as short |
| Aster BNBUSDT | +0.0045% | 8h | 786.90 | +0.051% | $6.0M | $18.9M | 200x | as long as short |
| MEXC BNB_USDT | +0.0055% | 8h | 787.50 | +0.127% | $81.0M | $11.9M | 200x | as long as short |
| Binance BNBUSDT | +0.0055% | 8h | 786.97 | +0.060% | $489.3M | $821.9M | 75x | as long as short |
GMX BNB/USD [WBTC.b-USDC]
Hotstuff BNB-PERP
Kraken Futures PF_BNBUSD
StandX BNB-USD
gTrade (Gains Network) BNB/USD
Injective BNB/USDC PERP
BingX BNB-USDT
Aster BNBUSDT
MEXC BNB_USDT
Binance BNBUSDTShow all 46 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| dYdX BNB-USD | +0.0064% | 1h | 786.54 | +0.005% | $159K | $62K | 10x | as long as short |
| Phemex BNBUSDT | +0.0077% | 8h | 787.19 | +0.088% | $68.8M | $51.4M | 50x | as long as short |
| Lighter BNB | +0.0096% | 1h | 786.37 | −0.017% | $2.7M | $3.8M | 20x | as long as short |
| Phoenix BNB | +0.0100% | 1h | 786.90 | +0.051% | $169K | $35K | 10x | as long as short |
| Nado BNB-PERP | +0.0100% | 1h | 786.40 | −0.013% | $1.4M | $2.7M | 20x | as long as short |
| Hyperliquid BNB | +0.0100% | 1h | 787.07 | +0.072% | $51.5M | $17.7M | 10x | as long as short |
| Pacifica BNB | +0.0100% | 1h | 786.55 | +0.007% | $1.2M | $934K | 20x | as long as short |
| Bybit BNBUSDT | +0.0100% | 8h | 786.20 | −0.038% | $138.3M | $74.7M | 75x | as long as short |
| OKX BNB-USDT-SWAP | +0.0100% | 8h | 786.10 | −0.051% | $53.5M | $113.2M | 50x | as long as short |
| Arcus BNB-USDlong | +0.0100% | 1h | 786.50 | long leg | $52K | $129K | 10x | |
| Gate BNB_USDT | +0.0100% | 8h | 786.45 | −0.006% | $38.3M | $57.5M | 75x | as long as short |
| KuCoin BNBUSDTM | +0.0100% | 8h | 785.95 | −0.070% | $27.7M | $10.2M | 75x | as long as short |
| Bitget BNBUSDT | +0.0100% | 8h | 785.92 | −0.074% | $76.3M | $31.8M | 75x | as long as short |
| Backpack BNB_USDC_PERPshort | +0.0100% | 1h | 787.10 | +0.076% | $2.2M | $6.1M | 40x | |
| Variational Omni BNB | +0.0100% | 8h | 786.30 | −0.026% | $4.0M | $4.7M | — | as long as short |
| edgeX BNBUSDC | +0.0100% | 4h | 787.08 | +0.074% | $4.1M | $76.0M | 30x | as long as short |
| ApeX Omni BNBUSDT | +0.0100% | 1h | 787.25 | +0.095% | $158K | $438K | 50x | as long as short |
| Polymarket Perps BNB-USD | +0.0100% | 1h | 786.53 | +0.004% | $131K | $953K | 10x | as long as short |
| Orderly PERP_BNB_USDC | +0.0100% | 8h | 786.65 | +0.019% | $264K | $426K | 50x | as long as short |
| Derive BNB-PERP | +0.0100% | 1h | 786.78 | +0.035% | $31K | $12K | 10x | as long as short |
| SunX BNB-USDT | +0.0100% | 8h | 787.09 | +0.075% | $12K | $1.5M | 50x | as long as short |
| SoDEX BNB-USD | +0.0100% | 1h | 786.80 | +0.038% | $387K | $974K | 10x | as long as short |
| HTX BNB-USDT | +0.0100% | 8h | 786.59 | +0.012% | $8.0M | $10.3M | 75x | as long as short |
| Paradex BNB-USD-PERP | +0.0100% | 8h | 786.88 | +0.048% | $78K | $18K | 50x | as long as short |
| Extended BNB-USD | +0.0104% | 1h | 786.19 | −0.040% | $1.8M | $5.9M | 50x | as long as short |
| Aevo BNB-PERP | +0.0104% | 1h | 786.70 | +0.026% | $378K | $110K | 10x | as long as short |
| Coinbase International BNB-PERP-INTX | +0.0104% | 1h | 786.37 | −0.017% | $556K | $1.9M | 50x | as long as short |
| Kalshi KXBNBPERP | +0.0115% | 8h | 787.00 | +0.064% | $170K | $2.7M | 4.8x | as long as short |
| BloFin BNB-USDT | +0.0175% | 8h | 787.20 | +0.089% | $17.7M | $2.2M | 75x | as long as short |
| Deribit BNB_USDC-PERPETUAL | +0.0200% | 1h | 787.08 | +0.074% | $1.5M | $145K | 25x | as long as short |
| Bulk BNB-USD | +0.0210% | 1h | 786.98 | +0.061% | $638K | $831 | 10x | as long as short |
| GRVT BNB_USDT_Perp | +0.0225% | 8h | 787.62 | +0.143% | $2.9M | $28.7M | 10x | as long as short |
| 01 Exchange BNBUSD | +0.0264% | 1h | 787.12 | +0.079% | $28K | $4K | 10x | as long as short |
| Reya BNBRUSDPERP | +0.0321% | 1h | 786.30 | −0.026% | $6K | $3K | 40x | as long as short |
| RISEx BNB/USDC | +0.0350% | 1h | 786.42 | −0.010% | $1.1M | $906K | 20x | as long as short |
| Hibachi BNB/USDT-P | +0.0456% | 1h | 786.74 | +0.030% | $67K | $39K | 12x | as long as short |
dYdX BNB-USD
Phemex BNBUSDT
Lighter BNB
Phoenix BNB
Nado BNB-PERP
Hyperliquid BNB
Pacifica BNB
Bybit BNBUSDT
OKX BNB-USDT-SWAP
Gate BNB_USDT
KuCoin BNBUSDTM
Bitget BNBUSDT
Variational Omni BNB
edgeX BNBUSDC
ApeX Omni BNBUSDT
Polymarket Perps BNB-USD
Orderly PERP_BNB_USDC
Derive BNB-PERP
SunX BNB-USDT
SoDEX BNB-USD
HTX BNB-USDT
Paradex BNB-USD-PERP
Extended BNB-USD
Aevo BNB-PERP
Coinbase International BNB-PERP-INTX
Kalshi KXBNBPERP
BloFin BNB-USDT
Deribit BNB_USDC-PERPETUAL
Bulk BNB-USD
GRVT BNB_USDT_Perp
01 Exchange BNBUSD
Reya BNBRUSDPERP
RISEx BNB/USDC
Hibachi BNB/USDT-P