Funding you earn now, next payment 23:00 UTC−0.0548%/8h= −60.0% APRpaid last 24h −0.032%
Price spread now: Paradex against Backpack−0.002%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$16 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack BNB_USDC_PERP | 801.37 | 0.0648 | pay 0.0081% / 1h | 25m 43s | $2.7M | $5.7M | 40x |
| Short | Paradex BNB-USD-PERP | 801.36 | 0.0100 | get 0.0100% / 8h | 1h 25m | $78K | $19K | 50x |
Backpack BNB_USDC_PERP
Paradex BNB-USD-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Paradex 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
- −$115.12
- Price spread: −0.002% → 0.000%
- −$0.16
- Slippage, 4 orders
- no order book: not counted
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Paradex: 2 bp × 2 orders
- −$4
- Net
- −$129.28
- Costs to cover
- 0.140%
- Break-even
- never at this rate
Slippage unknown: Backpack: live order book, 3 min ago; Paradex: 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, 3 min ago | 0.06 bp | 5.1 bp −$5 | 11.0 bp −$110 | doesn't fit | doesn't fit |
| Sell Paradex no order-book sample | — | — | — | — | — |
Paradex: 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 | 800.81 | −0.069% | $48K | — | 200x | as long as short |
| Hotstuff BNB-PERP | −0.0080% | 1h | 801.35 | −0.002% | $4K | $1K | 25x | as long as short |
| GRVT BNB_USDT_Perp | 0.0000% | 8h | 801.71 | +0.043% | $3.0M | $29.6M | 10x | as long as short |
| Kalshi KXBNBPERP | 0.0000% | 8h | 801.50 | +0.016% | $158K | $2.9M | 4.8x | as long as short |
| StandX BNB-USD | 0.0000% | 1h | 801.64 | +0.034% | $866K | $2.8M | 30x | as long as short |
| gTrade (Gains Network) BNB/USD | L +0.0008% / S −0.0007% | 1h | 800.86 | −0.063% | $9.7M | — | 150x | as long as short |
| Variational Omni BNB | +0.0040% | 8h | 800.85 | −0.065% | $4.1M | $5.3M | — | as long as short |
| BingX BNB-USDC | +0.0065% | 8h | 801.25 | −0.015% | — | $13.3M | — | as long as short |
| Bybit BNBUSDT | +0.0078% | 8h | 800.50 | −0.109% | $139.4M | $83.1M | 75x | as long as short |
| Lighter BNB | +0.0096% | 1h | 800.99 | −0.048% | $2.8M | $4.2M | 20x | as long as short |
GMX BNB/USD [WBTC.b-USDC]
Hotstuff BNB-PERP
GRVT BNB_USDT_Perp
Kalshi KXBNBPERP
StandX BNB-USD
gTrade (Gains Network) BNB/USD
Variational Omni BNB
BingX BNB-USDC
Bybit BNBUSDT
Lighter BNBShow all 46 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International BNB-PERP-INTX | +0.0096% | 1h | 801.17 | −0.025% | $610K | $1.0M | 50x | as long as short |
| Aster BNBUSDT | +0.0099% | 8h | 801.28 | −0.011% | $6.3M | $19.2M | 200x | as long as short |
| Nado BNB-PERP | +0.0100% | 1h | 800.67 | −0.087% | $1.4M | $2.8M | 20x | as long as short |
| Pacifica BNB | +0.0100% | 1h | 801.08 | −0.036% | $1.2M | $926K | 20x | as long as short |
| OKX BNB-USDT-SWAP | +0.0100% | 8h | 800.90 | −0.059% | $54.8M | $117.4M | 50x | as long as short |
| Arcus BNB-USD | +0.0100% | 1h | 801.50 | +0.016% | $53K | $170K | 10x | as long as short |
| Gate BNB_USDT | +0.0100% | 8h | 801.00 | −0.046% | $35.8M | $58.3M | 75x | as long as short |
| KuCoin BNBUSDTM | +0.0100% | 8h | 800.74 | −0.079% | $28.0M | $10.6M | 75x | as long as short |
| Bitget BNBUSDT | +0.0100% | 8h | 800.88 | −0.061% | $81.0M | $26.8M | 75x | as long as short |
| edgeX BNBUSDC | +0.0100% | 4h | 801.89 | +0.064% | $4.2M | $77.4M | 30x | as long as short |
| ApeX Omni BNBUSDT | +0.0100% | 1h | 801.93 | +0.070% | $161K | $441K | 50x | as long as short |
| Polymarket Perps BNB-USD | +0.0100% | 1h | 800.77 | −0.075% | $121K | $880K | 10x | as long as short |
| Orderly PERP_BNB_USDC | +0.0100% | 8h | 800.82 | −0.069% | $387K | $568K | 50x | as long as short |
| Derive BNB-PERP | +0.0100% | 1h | 801.10 | −0.034% | $32K | $5K | 10x | as long as short |
| SunX BNB-USDT | +0.0100% | 8h | 801.57 | +0.024% | $12K | $1.7M | 50x | as long as short |
| HTX BNB-USDT | +0.0100% | 8h | 800.84 | −0.067% | $8.2M | $7.9M | 75x | as long as short |
| Paradex BNB-USD-PERPshort | +0.0100% | 8h | 801.36 | −0.002% | $78K | $19K | 50x | |
| Extended BNB-USD | +0.0104% | 1h | 800.65 | −0.090% | $1.8M | $6.2M | 50x | as long as short |
| Aevo BNB-PERP | +0.0104% | 1h | 800.84 | −0.066% | $385K | $40K | 10x | as long as short |
| SoDEX BNB-USD | +0.0114% | 1h | 800.90 | −0.059% | $394K | $1.0M | 10x | as long as short |
| MEXC BNB_USDT | +0.0118% | 8h | 801.80 | +0.054% | $83.4M | $13.8M | 200x | as long as short |
| Binance BNBUSDT | +0.0119% | 8h | 801.38 | +0.001% | $503.7M | $829.2M | 75x | as long as short |
| Phemex BNBUSDT | +0.0124% | 8h | 801.19 | −0.022% | $70.0M | $51.7M | 50x | as long as short |
| Phoenix BNB | +0.0155% | 1h | 801.68 | +0.039% | $172K | $35K | 10x | as long as short |
| Hibachi BNB/USDT-P | +0.0160% | 1h | 801.15 | −0.027% | $71K | $48K | 12x | as long as short |
| Deribit BNB_USDC-PERPETUAL | +0.0200% | 1h | 801.19 | −0.022% | $1.6M | $165K | 25x | as long as short |
| Kraken Futures PF_BNBUSD | +0.0207% | 1h | 800.62 | −0.094% | $2.6M | $983K | 50x | as long as short |
| dYdX BNB-USD | +0.0212% | 1h | 800.59 | −0.098% | $161K | $62K | 10x | as long as short |
| BloFin BNB-USDT | +0.0239% | 8h | 801.70 | +0.041% | $18.4M | $2.6M | 75x | as long as short |
| Hyperliquid BNB | +0.0292% | 1h | 801.89 | +0.065% | $51.9M | $22.3M | 10x | as long as short |
| Injective BNB/USDC PERP | +0.0311% | 1h | 805.09 | +0.464% | $19K | $789K | 30x | as long as short |
| RISEx BNB/USDC | +0.0318% | 1h | 801.48 | +0.014% | $1.1M | $1.4M | 20x | as long as short |
| 01 Exchange BNBUSD | +0.0328% | 1h | 801.35 | −0.002% | $28K | $1K | 10x | as long as short |
| Reya BNBRUSDPERP | +0.0333% | 1h | 800.46 | −0.114% | $6K | $3K | 40x | as long as short |
| Bulk BNB-USD | +0.0354% | 1h | 801.59 | +0.027% | $651K | $21K | 10x | as long as short |
| Backpack BNB_USDC_PERPlong | +0.0648% | 1h | 801.37 | long leg | $2.7M | $5.7M | 40x |
Coinbase International BNB-PERP-INTX
Aster BNBUSDT
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
HTX BNB-USDT
Extended BNB-USD
Aevo BNB-PERP
SoDEX BNB-USD
MEXC BNB_USDT
Binance BNBUSDT
Phemex BNBUSDT
Phoenix BNB
Hibachi BNB/USDT-P
Deribit BNB_USDC-PERPETUAL
Kraken Futures PF_BNBUSD
dYdX BNB-USD
BloFin BNB-USDT
Hyperliquid BNB
Injective BNB/USDC PERP
RISEx BNB/USDC
01 Exchange BNBUSD
Reya BNBRUSDPERP
Bulk BNB-USD