Funding you earn now, next payment 08:00 UTC+0.0200%/8h= +21.9% APRnext payment +$0.25 per $10,000 · paid last 24h +0.024%
Price spread now: Deribit against Arcus+0.052%7-day average −0.050% · 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−$25as in the Price arb table
costs, in and out, $10k−$350.351% of the position
Funding, last 4 days (all we have)−0.035%−$4 on $10k
+Price spread, last 4 days (all we have)−0.148%−$15 · spread now +0.052%, 7d avg −0.050%
=Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Deribit is 0.102% dearer against Arcus than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of −0.050%.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.035% in total (about -3.4% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.25 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Arcus BNB-USD | 784.10 | 0.0100 | pay 0.0013% / 1h | 22m 20s | $52K | $125K | 10x |
| Short | Deribit BNB_USDC-PERPETUAL | 784.51 | 0.0300 | get 0.0037% / 1h | 22m 20s | $1.5M | $141K | 25x |
Arcus BNB-USD
Deribit BNB_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit 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
- $42
- Price spread: +0.052% → −0.050%
- $10.21
- Slippage, 4 orders
- −$23.64
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- $17.07
- Costs to cover
- 0.351%
- Break-even
- 4.2 days
Slippage from Arcus: live order book, 16 min ago; Deribit: live order book, 2 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, 16 min ago | 3.18 bp | 8.0 bp −$8 | 26.2 bp −$262 | doesn't fit | doesn't fit |
| Sell Deribit live order book, 2 min ago | 2.30 bp | 7.6 bp −$8 | 13.9 bp −$139 | 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 | 784.08 | −0.003% | $43K | — | 200x | as long as short |
| Hotstuff BNB-PERP | −0.0080% | 1h | 784.15 | +0.006% | $4K | $42 | 25x | as long as short |
| Kraken Futures PF_BNBUSD | −0.0050% | 1h | 784.01 | −0.012% | $2.5M | $1.2M | 50x | as long as short |
| Variational Omni BNB | 0.0000% | 8h | 783.51 | −0.076% | $4.0M | $4.7M | — | as long as short |
| StandX BNB-USD | 0.0000% | 1h | 784.22 | +0.015% | $846K | $2.7M | 30x | as long as short |
| gTrade (Gains Network) BNB/USD | L +0.0007% / S −0.0007% | 1h | 784.04 | −0.008% | $9.4M | — | 150x | as long as short |
| Injective BNB/USDC PERP | +0.0033% | 1h | 805.09 | +2.677% | $19K | $789K | 30x | as long as short |
| Aster BNBUSDT | +0.0034% | 8h | 784.59 | +0.062% | $6.0M | $18.7M | 200x | as long as short |
| BingX BNB-USDC | +0.0040% | 8h | 783.90 | −0.026% | — | $13.4M | — | as long as short |
| MEXC BNB_USDT | +0.0048% | 8h | 785.10 | +0.128% | $80.7M | $12.0M | 200x | as long as short |
GMX BNB/USD [WBTC.b-USDC]
Hotstuff BNB-PERP
Kraken Futures PF_BNBUSD
Variational Omni BNB
StandX BNB-USD
gTrade (Gains Network) BNB/USD
Injective BNB/USDC PERP
Aster BNBUSDT
BingX BNB-USDC
MEXC BNB_USDTShow all 46 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance BNBUSDT | +0.0049% | 8h | 784.63 | +0.067% | $487.3M | $819.4M | 75x | as long as short |
| Phemex BNBUSDT | +0.0076% | 8h | 784.12 | +0.003% | $68.5M | $51.3M | 50x | as long as short |
| Lighter BNB | +0.0096% | 1h | 784.15 | +0.006% | $2.7M | $3.8M | 20x | as long as short |
| dYdX BNB-USD | +0.0099% | 1h | 783.56 | −0.069% | $159K | $62K | 10x | as long as short |
| Phoenix BNB | +0.0100% | 1h | 784.15 | +0.006% | $162K | $35K | 10x | as long as short |
| Nado BNB-PERP | +0.0100% | 1h | 783.80 | −0.038% | $1.3M | $2.7M | 20x | as long as short |
| Hyperliquid BNB | +0.0100% | 1h | 784.63 | +0.068% | $51.4M | $17.5M | 10x | as long as short |
| Pacifica BNB | +0.0100% | 1h | 784.27 | +0.022% | $1.2M | $937K | 20x | as long as short |
| Bybit BNBUSDT | +0.0100% | 8h | 783.80 | −0.038% | $137.9M | $74.4M | 75x | as long as short |
| OKX BNB-USDT-SWAP | +0.0100% | 8h | 783.90 | −0.026% | $53.3M | $112.5M | 50x | as long as short |
| Arcus BNB-USDlong | +0.0100% | 1h | 784.10 | long leg | $52K | $125K | 10x | |
| Gate BNB_USDT | +0.0100% | 8h | 784.10 | 0.000% | $38.2M | $58.3M | 75x | as long as short |
| KuCoin BNBUSDTM | +0.0100% | 8h | 783.72 | −0.048% | $27.6M | $10.2M | 75x | as long as short |
| Bitget BNBUSDT | +0.0100% | 8h | 783.67 | −0.055% | $75.2M | $32.6M | 75x | as long as short |
| Backpack BNB_USDC_PERP | +0.0100% | 1h | 784.13 | +0.004% | $2.2M | $6.1M | 40x | as long as short |
| edgeX BNBUSDC | +0.0100% | 4h | 784.39 | +0.037% | $4.1M | $76.3M | 30x | as long as short |
| ApeX Omni BNBUSDT | +0.0100% | 1h | 784.99 | +0.114% | $158K | $437K | 50x | as long as short |
| Polymarket Perps BNB-USD | +0.0100% | 1h | 783.84 | −0.033% | $131K | $944K | 10x | as long as short |
| Orderly PERP_BNB_USDC | +0.0100% | 8h | 784.08 | −0.003% | $264K | $388K | 50x | as long as short |
| Derive BNB-PERP | +0.0100% | 1h | 783.41 | −0.088% | $31K | $12K | 10x | as long as short |
| SunX BNB-USDT | +0.0100% | 8h | 784.59 | +0.062% | $12K | $1.5M | 50x | as long as short |
| SoDEX BNB-USD | +0.0100% | 1h | 784.20 | +0.013% | $386K | $968K | 10x | as long as short |
| HTX BNB-USDT | +0.0100% | 8h | 783.80 | −0.038% | $8.0M | $10.4M | 75x | as long as short |
| Paradex BNB-USD-PERP | +0.0100% | 8h | 784.60 | +0.063% | $78K | $17K | 50x | as long as short |
| Kalshi KXBNBPERP | +0.0101% | 8h | 784.00 | −0.013% | $171K | $2.7M | 4.8x | as long as short |
| Extended BNB-USD | +0.0104% | 1h | 783.69 | −0.052% | $1.8M | $5.8M | 50x | as long as short |
| Aevo BNB-PERP | +0.0104% | 1h | 784.11 | +0.001% | $377K | $110K | 10x | as long as short |
| Coinbase International BNB-PERP-INTX | +0.0104% | 1h | 784.48 | +0.048% | $546K | $1.9M | 50x | as long as short |
| BloFin BNB-USDT | +0.0169% | 8h | 784.21 | +0.014% | $17.7M | $2.2M | 75x | as long as short |
| Bulk BNB-USD | +0.0208% | 1h | 785.53 | +0.182% | $637K | $831 | 10x | as long as short |
| GRVT BNB_USDT_Perp | +0.0217% | 8h | 784.62 | +0.066% | $2.9M | $28.4M | 10x | as long as short |
| 01 Exchange BNBUSD | +0.0248% | 1h | 784.50 | +0.051% | $28K | $4K | 10x | as long as short |
| Deribit BNB_USDC-PERPETUALshort | +0.0300% | 1h | 784.51 | +0.052% | $1.5M | $141K | 25x | |
| Reya BNBRUSDPERP | +0.0320% | 1h | 783.65 | −0.057% | $6K | $3K | 40x | as long as short |
| RISEx BNB/USDC | +0.0350% | 1h | 784.28 | +0.024% | $1.1M | $906K | 20x | as long as short |
| Hibachi BNB/USDT-P | +0.0464% | 1h | 783.66 | −0.056% | $67K | $39K | 12x | as long as short |
Binance BNBUSDT
Phemex BNBUSDT
Lighter BNB
dYdX BNB-USD
Phoenix BNB
Nado BNB-PERP
Hyperliquid BNB
Pacifica BNB
Bybit BNBUSDT
OKX BNB-USDT-SWAP
Gate BNB_USDT
KuCoin BNBUSDTM
Bitget BNBUSDT
Backpack BNB_USDC_PERP
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
Kalshi KXBNBPERP
Extended BNB-USD
Aevo BNB-PERP
Coinbase International BNB-PERP-INTX
BloFin BNB-USDT
Bulk BNB-USD
GRVT BNB_USDT_Perp
01 Exchange BNBUSD
Reya BNBRUSDPERP
RISEx BNB/USDC
Hibachi BNB/USDT-P