BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0136%/8h= −14.9% APRnext payment −$1.36 per $10,000 · paid last 24h −0.047%

Price spread now: Orderly against BloFin−0.180%52s7-day average −0.053% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on BloFin Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 7 days−0.151%−$15 on $10k

Price spread, last 3 days (all we have)+0.144%+$14 · spread now −0.180%, 7d avg −0.053%

Together, before fees−0.007%−$1 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Orderly is 0.127% cheaper against BloFin than usual: you would sell low and buy high (−$13 if the spread goes back to its 7-day average of −0.053%). Swap the legs. The two prices were read 52 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	800.36	0.0236	pay 0.0236% / 8h	1h 07m	$18.3M	$2.5M	75x
Short	Orderly PERP_BNB_USDC	798.92	0.0100	get 0.0100% / 8h	1h 07m	$386K	$489K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against BloFin. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BloFinbpFee OrderlybpOrdersPrice spread, now −0.180%Rate

Funding earned: −$28.58
Price spread: −0.180% → −0.053%: −$12.67
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$59.25
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: BloFin: live order book, 6 min ago; Orderly: 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, 6 min ago	0.06 bp	6.1 bp −$6	6.5 bp −$65	13.0 bp −$1,298	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: 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	799.08	−0.161%	$47K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	799.59	−0.096%	$4K	$1K	25x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	800.27	−0.011%	$3.0M	$29.0M	10x	as long as short
StandX BNB-USD	0.0000%	1h	800.63	+0.034%	$865K	$2.9M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	799.08	−0.160%	$9.7M	—	150x	as long as short
Variational Omni BNB	+0.0030%	8h	799.14	−0.152%	$4.2M	$5.4M	—	as long as short
BingX BNB-USDT	+0.0052%	8h	799.02	−0.167%	—	$34.8M	—	as long as short
Bybit BNBUSDT	+0.0065%	8h	798.80	−0.195%	$139.0M	$78.7M	75x	as long as short
Aster BNBUSDT	+0.0096%	8h	799.59	−0.096%	$6.3M	$18.9M	200x	as long as short
Lighter BNB	+0.0096%	1h	799.12	−0.155%	$2.8M	$4.2M	20x	as long as short

Show 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	799.10	−0.157%	$608K	$992K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	798.74	−0.203%	$1.4M	$2.7M	20x	as long as short
Pacifica BNB	+0.0100%	1h	799.06	−0.162%	$1.2M	$926K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	798.90	−0.182%	$54.6M	$113.6M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	799.60	−0.095%	$53K	$151K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	798.70	−0.207%	$35.7M	$58.9M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	798.61	−0.219%	$27.9M	$10.3M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	798.83	−0.191%	$80.6M	$26.6M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	800.16	−0.025%	$4.2M	$77.2M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	800.53	+0.021%	$161K	$442K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	799.26	−0.137%	$121K	$872K	10x	as long as short
Orderly PERP_BNB_USDCshort	+0.0100%	8h	798.92	−0.180%	$386K	$489K	50x
Derive BNB-PERP	+0.0100%	1h	799.06	−0.162%	$32K	$5K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	800.47	+0.014%	$13K	$1.7M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	799.00	−0.170%	$393K	$1.0M	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	799.09	−0.158%	$8.2M	$7.9M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	799.54	−0.103%	$78K	$19K	50x	as long as short
Kalshi KXBNBPERP	+0.0100%	8h	799.90	−0.057%	$123K	$2.9M	4.8x	as long as short
Extended BNB-USD	+0.0104%	1h	798.44	−0.240%	$1.9M	$6.3M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	799.12	−0.155%	$384K	$40K	10x	as long as short
MEXC BNB_USDT	+0.0116%	8h	799.90	−0.057%	$83.1M	$13.8M	200x	as long as short
Phemex BNBUSDT	+0.0116%	8h	799.46	−0.112%	$69.9M	$51.2M	50x	as long as short
Binance BNBUSDT	+0.0116%	8h	799.74	−0.077%	$502.3M	$817.7M	75x	as long as short
Phoenix BNB	+0.0155%	1h	800.04	−0.040%	$172K	$35K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0200%	1h	799.37	−0.124%	$1.6M	$165K	25x	as long as short
Kraken Futures PF_BNBUSD	+0.0207%	1h	798.75	−0.201%	$2.6M	$966K	50x	as long as short
Hibachi BNB/USDT-P	+0.0216%	1h	799.95	−0.051%	$71K	$48K	12x	as long as short
BloFin BNB-USDTlong	+0.0236%	8h	800.36	long leg	$18.3M	$2.5M	75x
Bulk BNB-USD	+0.0298%	1h	800.20	−0.019%	$650K	$21K	10x	as long as short
Injective BNB/USDC PERP	+0.0311%	1h	805.09	+0.591%	$19K	$789K	30x	as long as short
RISEx BNB/USDC	+0.0318%	1h	799.45	−0.114%	$1.1M	$1.4M	20x	as long as short
Hyperliquid BNB	+0.0319%	1h	799.54	−0.102%	$51.7M	$21.6M	10x	as long as short
01 Exchange BNBUSD	+0.0320%	1h	799.61	−0.094%	$28K	$1K	10x	as long as short
Reya BNBRUSDPERP	+0.0332%	1h	798.57	−0.223%	$6K	$3K	40x	as long as short
dYdX BNB-USD	+0.0351%	1h	799.29	−0.134%	$161K	$62K	10x	as long as short
Backpack BNB_USDC_PERP	+0.0570%	1h	799.79	−0.071%	$2.7M	$5.7M	40x	as long as short