Funding you earn now, next payment 00:00 UTC−0.0221%/8h= −24.2% APRnext payment −$0.28 per $10,000 · paid last 24h +0.042%
Price spread now: Hibachi against Backpack−0.057%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.327%+$33 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Hibachi is 0.057% cheaper against Backpack than usual: you would sell low and buy high (−$6 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.327%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack BNB_USDC_PERP | 798.47 | 0.0397 | pay 0.0050% / 1h | 23m 15s | $2.7M | $5.7M | 40x |
| Short | Hibachi BNB/USDT-P | 798.02 | 0.0176 | get 0.0022% / 1h | 23m 15s | $70K | $43K | 12x |
Backpack BNB_USDC_PERP
Hibachi BNB/USDT-PFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hibachi against Backpack. 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
- −$46.44
- Price spread: −0.057% → 0.000%
- −$5.69
- Slippage, 4 orders
- no order book: not counted
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Hibachi: 4.5 bp × 2 orders
- −$9
- Net
- −$71.13
- Costs to cover
- 0.190%
- Break-even
- never at this rate
Slippage unknown: Backpack: live order book, 1 min ago; Hibachi: 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 Backpack live order book, 1 min ago | 0.06 bp | 5.1 bp −$5 | 10.5 bp −$105 | doesn't fit | doesn't fit |
| Sell Hibachi no order-book sample | — | — | — | — | — |
Hibachi: 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 −0.0201% / S +0.0372% | 1h | 798.26 | −0.027% | $47K | — | 200x | as long as short |
| Hotstuff BNB-PERP | −0.0080% | 1h | 798.42 | −0.006% | $4K | $1K | 25x | as long as short |
| Kraken Futures PF_BNBUSD | −0.0074% | 1h | 798.27 | −0.025% | $2.5M | $972K | 50x | as long as short |
| GRVT BNB_USDT_Perp | 0.0000% | 8h | 799.10 | +0.079% | $3.0M | $27.9M | 10x | as long as short |
| StandX BNB-USD | 0.0000% | 1h | 798.72 | +0.031% | $863K | $2.9M | 30x | as long as short |
| gTrade (Gains Network) BNB/USD | L +0.0008% / S −0.0007% | 1h | 798.30 | −0.021% | $9.7M | — | 150x | as long as short |
| Variational Omni BNB | +0.0013% | 8h | 798.06 | −0.052% | $4.1M | $5.4M | — | as long as short |
| BingX BNB-USDC | +0.0038% | 8h | 798.14 | −0.041% | — | $13.3M | — | as long as short |
| Bybit BNBUSDT | +0.0043% | 8h | 798.00 | −0.059% | $138.5M | $76.9M | 75x | as long as short |
| Coinbase International BNB-PERP-INTX | +0.0072% | 1h | 799.89 | +0.178% | $606K | $986K | 50x | as long as short |
GMX BNB/USD [WBTC.b-USDC]
Hotstuff BNB-PERP
Kraken Futures PF_BNBUSD
GRVT BNB_USDT_Perp
StandX BNB-USD
gTrade (Gains Network) BNB/USD
Variational Omni BNB
BingX BNB-USDC
Bybit BNBUSDT
Coinbase International BNB-PERP-INTXShow all 46 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster BNBUSDT | +0.0089% | 8h | 798.86 | +0.048% | $6.3M | $19.0M | 200x | as long as short |
| Lighter BNB | +0.0096% | 1h | 798.63 | +0.020% | $2.8M | $4.1M | 20x | as long as short |
| Nado BNB-PERP | +0.0100% | 1h | 797.91 | −0.070% | $1.4M | $2.7M | 20x | as long as short |
| Pacifica BNB | +0.0100% | 1h | 798.23 | −0.030% | $1.2M | $926K | 20x | as long as short |
| OKX BNB-USDT-SWAP | +0.0100% | 8h | 798.10 | −0.046% | $54.3M | $112.8M | 50x | as long as short |
| Arcus BNB-USD | +0.0100% | 1h | 798.30 | −0.021% | $52K | $133K | 10x | as long as short |
| Gate BNB_USDT | +0.0100% | 8h | 798.15 | −0.040% | $35.7M | $58.2M | 75x | as long as short |
| KuCoin BNBUSDTM | +0.0100% | 8h | 798.12 | −0.044% | $27.9M | $10.3M | 75x | as long as short |
| Bitget BNBUSDT | +0.0100% | 8h | 797.99 | −0.060% | $79.0M | $27.5M | 75x | as long as short |
| edgeX BNBUSDC | +0.0100% | 4h | 798.56 | +0.012% | $4.1M | $76.4M | 30x | as long as short |
| ApeX Omni BNBUSDT | +0.0100% | 1h | 799.22 | +0.094% | $161K | $439K | 50x | as long as short |
| Polymarket Perps BNB-USD | +0.0100% | 1h | 798.12 | −0.044% | $116K | $875K | 10x | as long as short |
| Orderly PERP_BNB_USDC | +0.0100% | 8h | 798.27 | −0.025% | $386K | $497K | 50x | as long as short |
| Derive BNB-PERP | +0.0100% | 1h | 798.47 | 0.000% | $32K | $5K | 10x | as long as short |
| SunX BNB-USDT | +0.0100% | 8h | 798.79 | +0.040% | $13K | $1.7M | 50x | as long as short |
| SoDEX BNB-USD | +0.0100% | 1h | 798.50 | +0.004% | $393K | $1.0M | 10x | as long as short |
| Deribit BNB_USDC-PERPETUAL | +0.0100% | 1h | 798.69 | +0.028% | $1.6M | $165K | 25x | as long as short |
| HTX BNB-USDT | +0.0100% | 8h | 797.73 | −0.092% | $8.2M | $8.0M | 75x | as long as short |
| Paradex BNB-USD-PERP | +0.0100% | 8h | 798.65 | +0.023% | $78K | $19K | 50x | as long as short |
| Extended BNB-USD | +0.0104% | 1h | 797.95 | −0.065% | $1.8M | $6.5M | 50x | as long as short |
| Aevo BNB-PERP | +0.0104% | 1h | 798.36 | −0.014% | $383K | $40K | 10x | as long as short |
| Phemex BNBUSDT | +0.0110% | 8h | 798.71 | +0.030% | $69.8M | $50.5M | 50x | as long as short |
| Binance BNBUSDT | +0.0111% | 8h | 798.91 | +0.055% | $498.9M | $817.9M | 75x | as long as short |
| MEXC BNB_USDT | +0.0111% | 8h | 799.10 | +0.079% | $83.0M | $13.5M | 200x | as long as short |
| Kalshi KXBNBPERP | +0.0126% | 8h | 798.80 | +0.041% | $89K | $2.9M | 4.8x | as long as short |
| Phoenix BNB | +0.0127% | 1h | 798.51 | +0.005% | $172K | $36K | 10x | as long as short |
| Hibachi BNB/USDT-Pshort | +0.0176% | 1h | 798.02 | −0.057% | $70K | $43K | 12x | |
| Hyperliquid BNB | +0.0204% | 1h | 799.12 | +0.081% | $52.5M | $21.2M | 10x | as long as short |
| BloFin BNB-USDT | +0.0231% | 8h | 798.87 | +0.050% | $18.2M | $2.5M | 75x | as long as short |
| Bulk BNB-USD | +0.0239% | 1h | 800.03 | +0.196% | $650K | $19K | 10x | as long as short |
| RISEx BNB/USDC | +0.0258% | 1h | 798.22 | −0.032% | $1.1M | $1.4M | 20x | as long as short |
| 01 Exchange BNBUSD | +0.0288% | 1h | 798.74 | +0.034% | $28K | $1K | 10x | as long as short |
| Injective BNB/USDC PERP | +0.0306% | 1h | 805.09 | +0.829% | $19K | $789K | 30x | as long as short |
| Reya BNBRUSDPERP | +0.0331% | 1h | 797.80 | −0.084% | $6K | $3K | 40x | as long as short |
| dYdX BNB-USD | +0.0380% | 1h | 797.85 | −0.078% | $161K | $62K | 10x | as long as short |
| Backpack BNB_USDC_PERPlong | +0.0397% | 1h | 798.47 | long leg | $2.7M | $5.7M | 40x |
Aster BNBUSDT
Lighter BNB
Nado BNB-PERP
Pacifica BNB
OKX BNB-USDT-SWAP
Arcus BNB-USD
Gate BNB_USDT
KuCoin BNBUSDTM
Bitget BNBUSDT
edgeX BNBUSDC
ApeX Omni BNBUSDT
Polymarket Perps BNB-USD
Orderly PERP_BNB_USDC
Derive BNB-PERP
SunX BNB-USDT
SoDEX BNB-USD
Deribit BNB_USDC-PERPETUAL
HTX BNB-USDT
Paradex BNB-USD-PERP
Extended BNB-USD
Aevo BNB-PERP
Phemex BNBUSDT
Binance BNBUSDT
MEXC BNB_USDT
Kalshi KXBNBPERP
Phoenix BNB
Hyperliquid BNB
BloFin BNB-USDT
Bulk BNB-USD
RISEx BNB/USDC
01 Exchange BNBUSD
Injective BNB/USDC PERP
Reya BNBRUSDPERP
dYdX BNB-USD