Funding you earn now, next payment 03:00 UTC−0.0092%/8h= −10.1% APRpaid last 24h −0.040%
Price spread now: Derive against BloFin−0.043%55s7-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
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Derive is 0.043% cheaper against BloFin 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. The two prices were read 55 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin BNB-USDT | 792.33 | 0.0192 | pay 0.0192% / 8h | 5h 09m | $18.2M | $2.2M | 75x |
| Short | Derive BNB-PERP | 791.99 | 0.0100 | get 0.0013% / 1h | 9m 48s | $32K | $12K | 10x |
BloFin BNB-USDT
Derive BNB-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Derive against BloFin. 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
- −$19.39
- Price spread: −0.043% → 0.000%
- −$4.29
- Slippage, 4 orders
- no order book: not counted
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Derive: 3 bp × 2 orders
- −$6
- Net
- −$41.68
- Costs to cover
- 0.180%
- Break-even
- never at this rate
Slippage unknown: BloFin: live order book, 4 min ago; Derive: 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 BloFin live order book, 4 min ago | 1.26 bp | 7.9 bp −$8 | 8.7 bp −$87 | 15.5 bp −$1,551 | doesn't fit |
| Sell Derive no order-book sample | — | — | — | — | — |
Derive: 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 −0.0167% / S +0.0335% | 1h | 791.75 | −0.073% | $46K | — | 200x | as long as short |
| Hotstuff BNB-PERP | −0.0080% | 1h | 792.54 | +0.027% | $4K | $239 | 25x | as long as short |
| StandX BNB-USD | 0.0000% | 1h | 792.31 | −0.003% | $856K | $3.1M | 30x | as long as short |
| gTrade (Gains Network) BNB/USD | L +0.0008% / S −0.0007% | 1h | 791.79 | −0.068% | $9.7M | — | 150x | as long as short |
| Injective BNB/USDC PERP | +0.0033% | 1h | 805.09 | +1.610% | $19K | $789K | 30x | as long as short |
| Phemex BNBUSDT | +0.0046% | 8h | 792.22 | −0.014% | $69.4M | $50.5M | 50x | as long as short |
| Coinbase International BNB-PERP-INTX | +0.0048% | 1h | 792.03 | −0.038% | $615K | $1.8M | 50x | as long as short |
| Aster BNBUSDT | +0.0051% | 8h | 792.08 | −0.032% | $6.2M | $18.6M | 200x | as long as short |
| BingX BNB-USDT | +0.0059% | 8h | 791.48 | −0.107% | — | $34.3M | — | as long as short |
| MEXC BNB_USDT | +0.0072% | 8h | 792.20 | −0.016% | $80.5M | $12.5M | 200x | as long as short |
GMX BNB/USD [WBTC.b-USDC]
Hotstuff BNB-PERP
StandX BNB-USD
gTrade (Gains Network) BNB/USD
Injective BNB/USDC PERP
Phemex BNBUSDT
Coinbase International BNB-PERP-INTX
Aster BNBUSDT
BingX BNB-USDT
MEXC BNB_USDTShow all 46 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance BNBUSDT | +0.0072% | 8h | 791.84 | −0.062% | $494.7M | $790.5M | 75x | as long as short |
| Kraken Futures PF_BNBUSD | +0.0091% | 1h | 791.61 | −0.091% | $2.5M | $1.2M | 50x | as long as short |
| Lighter BNB | +0.0096% | 1h | 791.93 | −0.050% | $2.8M | $3.9M | 20x | as long as short |
| Orderly PERP_BNB_USDC | +0.0100% | 8h | 791.86 | −0.059% | $266K | $498K | 50x | as long as short |
| Nado BNB-PERP | +0.0100% | 1h | 791.95 | −0.048% | $1.5M | $2.6M | 20x | as long as short |
| Hyperliquid BNB | +0.0100% | 1h | 791.87 | −0.058% | $52.0M | $17.5M | 10x | as long as short |
| Pacifica BNB | +0.0100% | 1h | 792.36 | +0.004% | $1.2M | $908K | 20x | as long as short |
| Bybit BNBUSDT | +0.0100% | 8h | 791.23 | −0.139% | $139.2M | $76.5M | 75x | as long as short |
| OKX BNB-USDT-SWAP | +0.0100% | 8h | 791.10 | −0.155% | $53.7M | $111.5M | 50x | as long as short |
| Arcus BNB-USD | +0.0100% | 1h | 792.20 | −0.016% | $52K | $130K | 10x | as long as short |
| Gate BNB_USDT | +0.0100% | 8h | 791.30 | −0.130% | $35.4M | $57.3M | 75x | as long as short |
| KuCoin BNBUSDTM | +0.0100% | 8h | 791.39 | −0.119% | $27.8M | $10.3M | 75x | as long as short |
| Bitget BNBUSDT | +0.0100% | 8h | 791.01 | −0.167% | $77.0M | $29.8M | 75x | as long as short |
| Backpack BNB_USDC_PERP | +0.0100% | 1h | 791.94 | −0.049% | $2.2M | $6.1M | 40x | as long as short |
| Variational Omni BNB | +0.0100% | 8h | 791.10 | −0.156% | $4.1M | $4.6M | — | as long as short |
| edgeX BNBUSDC | +0.0100% | 4h | 791.77 | −0.070% | $4.1M | $74.5M | 30x | as long as short |
| ApeX Omni BNBUSDT | +0.0100% | 1h | 791.88 | −0.057% | $159K | $441K | 50x | as long as short |
| Polymarket Perps BNB-USD | +0.0100% | 1h | 791.99 | −0.043% | $134K | $949K | 10x | as long as short |
| Derive BNB-PERPshort | +0.0100% | 1h | 791.99 | −0.043% | $32K | $12K | 10x | |
| SunX BNB-USDT | +0.0100% | 8h | 792.45 | +0.016% | $12K | $1.5M | 50x | as long as short |
| SoDEX BNB-USD | +0.0100% | 1h | 791.90 | −0.054% | $389K | $1.0M | 10x | as long as short |
| HTX BNB-USDT | +0.0100% | 8h | 792.00 | −0.042% | $8.1M | $9.2M | 75x | as long as short |
| Paradex BNB-USD-PERP | +0.0102% | 8h | 792.70 | +0.047% | $77K | $17K | 50x | as long as short |
| Extended BNB-USD | +0.0104% | 1h | 790.99 | −0.169% | $1.8M | $5.9M | 50x | as long as short |
| Aevo BNB-PERP | +0.0104% | 1h | 791.75 | −0.074% | $380K | $110K | 10x | as long as short |
| Phoenix BNB | +0.0107% | 1h | 791.53 | −0.101% | $170K | $35K | 10x | as long as short |
| GRVT BNB_USDT_Perp | +0.0143% | 8h | 791.96 | −0.047% | $2.9M | $28.0M | 10x | as long as short |
| Kalshi KXBNBPERP | +0.0186% | 8h | 792.50 | +0.021% | $82K | $2.7M | 4.8x | as long as short |
| BloFin BNB-USDTlong | +0.0192% | 8h | 792.33 | long leg | $18.2M | $2.2M | 75x | |
| dYdX BNB-USD | +0.0195% | 1h | 791.84 | −0.062% | $160K | $63K | 10x | as long as short |
| Deribit BNB_USDC-PERPETUAL | +0.0200% | 1h | 792.17 | −0.020% | $1.5M | $143K | 25x | as long as short |
| 01 Exchange BNBUSD | +0.0280% | 1h | 792.65 | +0.040% | $28K | $4K | 10x | as long as short |
| Reya BNBRUSDPERP | +0.0327% | 1h | 791.57 | −0.096% | $6K | $3K | 40x | as long as short |
| RISEx BNB/USDC | +0.0361% | 1h | 792.40 | +0.009% | $1.1M | $982K | 20x | as long as short |
| Bulk BNB-USD | +0.0366% | 1h | 792.18 | −0.018% | $641K | $9K | 10x | as long as short |
| Hibachi BNB/USDT-P | +0.0584% | 1h | 791.66 | −0.085% | $68K | $38K | 12x | as long as short |
Binance BNBUSDT
Kraken Futures PF_BNBUSD
Lighter BNB
Orderly PERP_BNB_USDC
Nado BNB-PERP
Hyperliquid BNB
Pacifica BNB
Bybit BNBUSDT
OKX BNB-USDT-SWAP
Arcus BNB-USD
Gate BNB_USDT
KuCoin BNBUSDTM
Bitget BNBUSDT
Backpack BNB_USDC_PERP
Variational Omni BNB
edgeX BNBUSDC
ApeX Omni BNBUSDT
Polymarket Perps BNB-USD
SunX BNB-USDT
SoDEX BNB-USD
HTX BNB-USDT
Paradex BNB-USD-PERP
Extended BNB-USD
Aevo BNB-PERP
Phoenix BNB
GRVT BNB_USDT_Perp
Kalshi KXBNBPERP
dYdX BNB-USD
Deribit BNB_USDC-PERPETUAL
01 Exchange BNBUSD
Reya BNBRUSDPERP
RISEx BNB/USDC
Bulk BNB-USD
Hibachi BNB/USDT-P