Funding you earn now, next payment 21:00 UTC−0.0348%/8h= −38.1% APRnext payment −$0.43 per $10,000 · paid last 24h +0.048%
Price spread now: 01 Exchange against Backpack−0.041%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and 01 Exchange is 0.041% cheaper against Backpack than usual: you would sell low and buy high (−$4 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack BNB_USDC_PERP | 804.66 | 0.0644 | pay 0.0080% / 1h | 18m 13s | $3.0M | $5.3M | 40x |
| Short | 01 Exchange BNBUSD | 804.33 | 0.0296 | get 0.0037% / 1h | 18m 13s | $28K | $1K | 10x |
Backpack BNB_USDC_PERP
01 Exchange BNBUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
01 Exchange 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
- −$73.02
- Price spread: −0.041% → 0.000%
- −$4.1
- Slippage, 4 orders
- no order book: not counted
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee 01 Exchange: 3.5 bp × 2 orders
- −$7
- Net
- −$94.12
- Costs to cover
- 0.170%
- Break-even
- never at this rate
Slippage unknown: Backpack: live order book, 1 min ago; 01 Exchange: 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 | 5.4 bp −$5 | 9.3 bp −$93 | doesn't fit | doesn't fit |
| Sell 01 Exchange no order-book sample | — | — | — | — | — |
01 Exchange: 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 −0.0195% / S +0.0371% | 1h | 803.65 | −0.126% | $48K | — | 200x | as long as short |
| Hotstuff BNB-PERP | −0.0080% | 1h | 803.85 | −0.101% | $4K | $1K | 25x | as long as short |
| GRVT BNB_USDT_Perp | 0.0000% | 8h | 803.26 | −0.174% | $3.0M | $29.9M | 10x | as long as short |
| Kalshi KXBNBPERP | 0.0000% | 8h | 804.20 | −0.057% | $109K | $2.6M | 4.8x | as long as short |
| StandX BNB-USD | 0.0000% | 1h | 803.51 | −0.143% | $869K | $3.0M | 30x | as long as short |
| gTrade (Gains Network) BNB/USD | L +0.0008% / S −0.0007% | 1h | 803.68 | −0.122% | $9.8M | — | 150x | as long as short |
| Coinbase International BNB-PERP-INTX | +0.0064% | 1h | 805.24 | +0.072% | $609K | $903K | 50x | as long as short |
| Variational Omni BNB | +0.0068% | 8h | 803.56 | −0.136% | $4.1M | $5.5M | — | as long as short |
| Aster BNBUSDT | +0.0088% | 8h | 804.27 | −0.048% | $6.3M | $18.9M | 200x | as long as short |
| MEXC BNB_USDT | +0.0095% | 8h | 804.80 | +0.017% | $84.5M | $15.2M | 200x | 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
Coinbase International BNB-PERP-INTX
Variational Omni BNB
Aster BNBUSDT
MEXC BNB_USDTShow all 46 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance BNBUSDT | +0.0096% | 8h | 804.30 | −0.044% | $518.6M | $808.5M | 75x | as long as short |
| Lighter BNB | +0.0096% | 1h | 803.88 | −0.097% | $2.8M | $4.2M | 20x | as long as short |
| Nado BNB-PERP | +0.0100% | 1h | 803.00 | −0.206% | $1.4M | $2.8M | 20x | as long as short |
| Pacifica BNB | +0.0100% | 1h | 803.54 | −0.140% | $1.2M | $915K | 20x | as long as short |
| Bybit BNBUSDT | +0.0100% | 8h | 803.30 | −0.169% | $139.1M | $83.5M | 75x | as long as short |
| OKX BNB-USDT-SWAP | +0.0100% | 8h | 803.40 | −0.157% | $55.0M | $115.5M | 50x | as long as short |
| Arcus BNB-USD | +0.0100% | 1h | 803.60 | −0.132% | $52K | $222K | 10x | as long as short |
| Gate BNB_USDT | +0.0100% | 8h | 803.40 | −0.157% | $35.9M | $59.1M | 75x | as long as short |
| KuCoin BNBUSDTM | +0.0100% | 8h | 803.44 | −0.152% | $28.1M | $10.5M | 75x | as long as short |
| Bitget BNBUSDT | +0.0100% | 8h | 803.32 | −0.167% | $78.8M | $24.6M | 75x | as long as short |
| BingX BNB-USDT | +0.0100% | 8h | 803.65 | −0.126% | — | $34.4M | — | as long as short |
| edgeX BNBUSDC | +0.0100% | 4h | 803.63 | −0.128% | $4.2M | $77.0M | 30x | as long as short |
| ApeX Omni BNBUSDT | +0.0100% | 1h | 803.41 | −0.155% | $158K | $437K | 50x | as long as short |
| Polymarket Perps BNB-USD | +0.0100% | 1h | 803.65 | −0.126% | $118K | $874K | 10x | as long as short |
| Orderly PERP_BNB_USDC | +0.0100% | 8h | 803.69 | −0.121% | $388K | $596K | 50x | as long as short |
| Derive BNB-PERP | +0.0100% | 1h | 803.90 | −0.095% | $32K | $5K | 10x | as long as short |
| SunX BNB-USDT | +0.0100% | 8h | 804.29 | −0.046% | $13K | $1.7M | 50x | as long as short |
| SoDEX BNB-USD | +0.0100% | 1h | 803.80 | −0.107% | $395K | $1.0M | 10x | as long as short |
| Deribit BNB_USDC-PERPETUAL | +0.0100% | 1h | 804.17 | −0.061% | $1.6M | $160K | 25x | as long as short |
| HTX BNB-USDT | +0.0100% | 8h | 803.32 | −0.167% | $8.2M | $7.2M | 75x | as long as short |
| Paradex BNB-USD-PERP | +0.0100% | 8h | 804.14 | −0.065% | $78K | $19K | 50x | as long as short |
| Extended BNB-USD | +0.0104% | 1h | 803.33 | −0.165% | $1.9M | $6.3M | 50x | as long as short |
| Aevo BNB-PERP | +0.0104% | 1h | 803.92 | −0.091% | $386K | $40K | 10x | as long as short |
| Phemex BNBUSDT | +0.0106% | 8h | 804.33 | −0.041% | $70.2M | $51.6M | 50x | as long as short |
| Phoenix BNB | +0.0110% | 1h | 803.71 | −0.118% | $173K | $35K | 10x | as long as short |
| Bulk BNB-USD | +0.0126% | 1h | 804.44 | −0.027% | $650K | $11K | 10x | as long as short |
| Kraken Futures PF_BNBUSD | +0.0131% | 1h | 803.85 | −0.100% | $2.5M | $915K | 50x | as long as short |
| RISEx BNB/USDC | +0.0143% | 1h | 803.70 | −0.119% | $1.1M | $1.4M | 20x | as long as short |
| Injective BNB/USDC PERP | +0.0157% | 1h | 800.33 | −0.538% | $19K | $423K | 30x | as long as short |
| BloFin BNB-USDT | +0.0216% | 8h | 804.36 | −0.037% | $18.9M | $3.1M | 75x | as long as short |
| Hibachi BNB/USDT-P | +0.0232% | 1h | 803.67 | −0.123% | $71K | $49K | 12x | as long as short |
| Hyperliquid BNB | +0.0254% | 1h | 804.43 | −0.029% | $51.7M | $21.6M | 10x | as long as short |
| 01 Exchange BNBUSDshort | +0.0296% | 1h | 804.33 | −0.041% | $28K | $1K | 10x | |
| Reya BNBRUSDPERP | +0.0335% | 1h | 803.37 | −0.160% | $6K | $3K | 40x | as long as short |
| dYdX BNB-USD | +0.0409% | 1h | 804.10 | −0.070% | $170K | $55K | 10x | as long as short |
| Backpack BNB_USDC_PERPlong | +0.0644% | 1h | 804.66 | long leg | $3.0M | $5.3M | 40x |
Binance BNBUSDT
Lighter BNB
Nado BNB-PERP
Pacifica BNB
Bybit BNBUSDT
OKX BNB-USDT-SWAP
Arcus BNB-USD
Gate BNB_USDT
KuCoin BNBUSDTM
Bitget BNBUSDT
BingX BNB-USDT
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
Phoenix BNB
Bulk BNB-USD
Kraken Futures PF_BNBUSD
RISEx BNB/USDC
Injective BNB/USDC PERP
BloFin BNB-USDT
Hibachi BNB/USDT-P
Hyperliquid BNB
Reya BNBRUSDPERP
dYdX BNB-USD