Funding you earn now, next payment 09:00 UTC−0.0115%/8h= −12.6% APRpaid last 24h −0.043%
Price spread now: Orderly against Bulk−0.117%7-day average −0.071% · 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)−0.235%−$24 on $10k
+Price spread, last 4 days (all we have)−0.237%−$24 · spread now −0.117%, 7d avg −0.071%
=Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Orderly is 0.046% cheaper against Bulk than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.071%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bulk BNB-USD | 787.68 | 0.0215 | pay 0.0027% / 1h | 44m 59s | $638K | $831 | 10x |
| Short | Orderly PERP_BNB_USDC | 786.76 | 0.0100 | get 0.0100% / 8h | 7h 44m | $264K | $358K | 50x |
Bulk BNB-USD
Orderly PERP_BNB_USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly against Bulk. 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
- −$24.2
- Price spread: −0.117% → −0.071%
- −$4.63
- Slippage, 4 orders
- no order book: not counted
- Fee Bulk: 3.5 bp × 2 orders
- −$7
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- −$41.82
- Costs to cover
- 0.130%
- Break-even
- never at this rate
Slippage unknown: Bulk: live order book, 54 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 Bulk live order book, 54 min ago | 0.06 bp | 3.6 bp −$4 | 3.9 bp −$39 | 7.9 bp −$790 | 16.5 bp −$8,229 |
| 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 −0.0168% / S +0.0337% | 1h | 786.66 | −0.129% | $43K | — | 200x | as long as short |
| Hotstuff BNB-PERP | −0.0080% | 1h | 787.29 | −0.050% | $4K | — | 25x | as long as short |
| Kraken Futures PF_BNBUSD | −0.0021% | 1h | 786.58 | −0.139% | $2.5M | $1.2M | 50x | as long as short |
| GRVT BNB_USDT_Perp | 0.0000% | 8h | 787.49 | −0.024% | $3.0M | $27.6M | 10x | as long as short |
| StandX BNB-USD | 0.0000% | 1h | 787.89 | +0.027% | $850K | $2.7M | 30x | as long as short |
| Deribit BNB_USDC-PERPETUAL | 0.0000% | 1h | 787.04 | −0.081% | $1.5M | $141K | 25x | as long as short |
| gTrade (Gains Network) BNB/USD | L +0.0007% / S −0.0007% | 1h | 786.63 | −0.133% | $9.5M | — | 150x | as long as short |
| Aster BNBUSDT | +0.0028% | 8h | 787.30 | −0.048% | $6.0M | $18.5M | 200x | as long as short |
| Injective BNB/USDC PERP | +0.0033% | 1h | 805.09 | +2.210% | $19K | $789K | 30x | as long as short |
| BingX BNB-USDC | +0.0036% | 8h | 786.99 | −0.088% | — | $13.4M | — | as long as short |
GMX BNB/USD [WBTC.b-USDC]
Hotstuff BNB-PERP
Kraken Futures PF_BNBUSD
GRVT BNB_USDT_Perp
StandX BNB-USD
Deribit BNB_USDC-PERPETUAL
gTrade (Gains Network) BNB/USD
Aster BNBUSDT
Injective BNB/USDC PERP
BingX BNB-USDCShow all 46 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance BNBUSDT | +0.0043% | 8h | 787.20 | −0.061% | $489.8M | $813.0M | 75x | as long as short |
| MEXC BNB_USDT | +0.0044% | 8h | 788.30 | +0.079% | $82.0M | $12.1M | 200x | as long as short |
| dYdX BNB-USD | +0.0090% | 1h | 787.07 | −0.078% | $157K | $64K | 10x | as long as short |
| Lighter BNB | +0.0096% | 1h | 786.82 | −0.109% | $2.7M | $3.6M | 20x | as long as short |
| Nado BNB-PERP | +0.0100% | 1h | 786.85 | −0.105% | $1.4M | $2.6M | 20x | as long as short |
| Hyperliquid BNB | +0.0100% | 1h | 787.25 | −0.054% | $51.6M | $17.6M | 10x | as long as short |
| Pacifica BNB | +0.0100% | 1h | 787.28 | −0.051% | $1.2M | $937K | 20x | as long as short |
| Bybit BNBUSDT | +0.0100% | 8h | 786.58 | −0.140% | $138.5M | $73.3M | 75x | as long as short |
| OKX BNB-USDT-SWAP | +0.0100% | 8h | 786.50 | −0.150% | $53.5M | $111.5M | 50x | as long as short |
| Arcus BNB-USD | +0.0100% | 1h | 787.20 | −0.061% | $52K | $125K | 10x | as long as short |
| Gate BNB_USDT | +0.0100% | 8h | 786.75 | −0.118% | $39.2M | $55.5M | 75x | as long as short |
| KuCoin BNBUSDTM | +0.0100% | 8h | 786.51 | −0.149% | $27.7M | $10.2M | 75x | as long as short |
| Bitget BNBUSDT | +0.0100% | 8h | 786.37 | −0.166% | $75.4M | $32.5M | 75x | as long as short |
| Backpack BNB_USDC_PERP | +0.0100% | 1h | 787.03 | −0.083% | $2.2M | $6.1M | 40x | as long as short |
| Variational Omni BNB | +0.0100% | 8h | 786.82 | −0.109% | $4.3M | $4.9M | — | as long as short |
| edgeX BNBUSDC | +0.0100% | 4h | 787.45 | −0.029% | $4.1M | $76.8M | 30x | as long as short |
| ApeX Omni BNBUSDT | +0.0100% | 1h | 787.37 | −0.039% | $158K | $439K | 50x | as long as short |
| Polymarket Perps BNB-USD | +0.0100% | 1h | 787.10 | −0.074% | $132K | $942K | 10x | as long as short |
| Orderly PERP_BNB_USDCshort | +0.0100% | 8h | 786.76 | −0.117% | $264K | $358K | 50x | |
| Derive BNB-PERP | +0.0100% | 1h | 787.23 | −0.057% | $31K | $12K | 10x | as long as short |
| SunX BNB-USDT | +0.0100% | 8h | 787.47 | −0.026% | $12K | $1.5M | 50x | as long as short |
| SoDEX BNB-USD | +0.0100% | 1h | 786.80 | −0.112% | $387K | $948K | 10x | as long as short |
| HTX BNB-USDT | +0.0100% | 8h | 787.23 | −0.057% | $8.0M | $10.4M | 75x | as long as short |
| Paradex BNB-USD-PERP | +0.0100% | 8h | 787.52 | −0.020% | $78K | $17K | 50x | as long as short |
| Extended BNB-USD | +0.0104% | 1h | 786.29 | −0.176% | $1.8M | $5.8M | 50x | as long as short |
| Aevo BNB-PERP | +0.0104% | 1h | 786.65 | −0.131% | $378K | $110K | 10x | as long as short |
| Phemex BNBUSDT | +0.0106% | 8h | 787.34 | −0.043% | $68.6M | $51.1M | 50x | as long as short |
| Kalshi KXBNBPERP | +0.0114% | 8h | 787.40 | −0.036% | $171K | $2.6M | 4.8x | as long as short |
| Coinbase International BNB-PERP-INTX | +0.0120% | 1h | 786.59 | −0.138% | $548K | $1.9M | 50x | as long as short |
| Phoenix BNB | +0.0120% | 1h | 787.48 | −0.025% | $158K | $38K | 10x | as long as short |
| BloFin BNB-USDT | +0.0163% | 8h | 787.48 | −0.025% | $17.7M | $2.2M | 75x | as long as short |
| Bulk BNB-USDlong | +0.0215% | 1h | 787.68 | long leg | $638K | $831 | 10x | |
| 01 Exchange BNBUSD | +0.0240% | 1h | 787.52 | −0.020% | $28K | $3K | 10x | as long as short |
| Reya BNBRUSDPERP | +0.0319% | 1h | 786.71 | −0.123% | $6K | $3K | 40x | as long as short |
| RISEx BNB/USDC | +0.0355% | 1h | 787.29 | −0.050% | $1.1M | $911K | 20x | as long as short |
| Hibachi BNB/USDT-P | +0.0416% | 1h | 787.30 | −0.048% | $67K | $39K | 12x | as long as short |
Binance BNBUSDT
MEXC BNB_USDT
dYdX BNB-USD
Lighter BNB
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
Derive BNB-PERP
SunX BNB-USDT
SoDEX BNB-USD
HTX BNB-USDT
Paradex BNB-USD-PERP
Extended BNB-USD
Aevo BNB-PERP
Phemex BNBUSDT
Kalshi KXBNBPERP
Coinbase International BNB-PERP-INTX
Phoenix BNB
BloFin BNB-USDT
01 Exchange BNBUSD
Reya BNBRUSDPERP
RISEx BNB/USDC
Hibachi BNB/USDT-P