BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0122%/8h= +13.3% APRnext payment +$1.22 per $10,000 · paid last 24h +0.009%

Price spread now: Orderly against Bybit−0.003%7-day average +0.062% · you buy dearer than you sell

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

Long on Bybit Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 7 days+0.114%+$11 on $10k

Price spread, last 3 days (all we have)+0.027%+$3 · spread now −0.003%, 7d avg +0.062%

Together, before fees+0.141%+$14 on $10k · with fees, hour by hour

Funding pays, the price is against you. Orderly is 0.065% cheaper against Bybit than usual: you would sell low and buy high (spread −0.003% now, against its 7-day average of +0.062%). If the spread goes back, that is −$6 on $10k: about 42 hours of funding at the current rate (+$4 a day). At the pace of the last 7 days (+0.114% in total) that is about 4.0 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit BNBUSDT	798.62	−0.0022	get 0.0022% / 8h	7h 31m	$138.6M	$75.1M	75x
Short	Orderly PERP_BNB_USDC	798.60	0.0100	get 0.0100% / 8h	7h 31m	$386K	$458K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

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

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

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 BybitbpFee OrderlybpOrdersPrice spread, now −0.003%Rate

Funding earned: $25.56
Price spread: −0.003% → +0.062%: −$6.46
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Orderly: 3 bp × 2 orders: −$6
Net: $2.1
Costs to cover: 0.170%
Break-even: 6.4 days

Slippage unknown: Bybit: live order book, 2 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 Bybit live order book, 2 min ago	0.63 bp	8.0 bp −$8	9.8 bp −$98	24.3 bp −$2,435	141.7 bp −$70.9K
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 −0.0159% / S +0.0334%	1h	798.51	−0.013%	$47K	—	200x	as long as short
Kraken Futures PF_BNBUSD	−0.0121%	1h	798.71	+0.012%	$2.5M	$966K	50x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	798.41	−0.026%	$4K	$239	25x	as long as short
BingX BNB-USDC	−0.0057%	8h	798.94	+0.040%	—	$13.3M	—	as long as short
Bybit BNBUSDTlong	−0.0022%	8h	798.62	long leg	$138.6M	$75.1M	75x
GRVT BNB_USDT_Perp	0.0000%	8h	798.97	+0.044%	$3.0M	$27.4M	10x	as long as short
StandX BNB-USD	0.0000%	1h	799.41	+0.099%	$864K	$2.9M	30x	as long as short
Phemex BNBUSDT	0.0000%	8h	799.26	+0.080%	$69.8M	$50.3M	50x	as long as short
Variational Omni BNB	+0.0004%	8h	798.73	+0.013%	$4.1M	$5.2M	—	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	798.45	−0.022%	$9.7M	—	150x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+0.810%	$19K	$789K	30x	as long as short
Coinbase International BNB-PERP-INTX	+0.0048%	1h	798.73	+0.014%	$602K	$972K	50x	as long as short
Aster BNBUSDT	+0.0061%	8h	799.42	+0.100%	$6.2M	$19.1M	200x	as long as short
Binance BNBUSDT	+0.0084%	8h	799.50	+0.110%	$496.3M	$806.6M	75x	as long as short
MEXC BNB_USDT	+0.0084%	8h	799.90	+0.160%	$83.1M	$13.6M	200x	as long as short
Lighter BNB	+0.0096%	1h	799.21	+0.073%	$2.8M	$4.0M	20x	as long as short
Gate BNB_USDT	+0.0097%	8h	798.75	+0.016%	$35.7M	$56.2M	75x	as long as short
Phoenix BNB	+0.0099%	1h	799.20	+0.073%	$172K	$36K	10x	as long as short
Nado BNB-PERP	+0.0100%	1h	797.85	−0.096%	$1.5M	$2.7M	20x	as long as short
Pacifica BNB	+0.0100%	1h	798.25	−0.046%	$1.2M	$924K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	798.90	+0.035%	$54.2M	$110.3M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	798.10	−0.065%	$52K	$133K	10x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	798.85	+0.029%	$27.9M	$10.0M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	798.58	−0.005%	$78.8M	$27.3M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	799.05	+0.054%	$4.2M	$76.4M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	799.32	+0.088%	$161K	$436K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	798.12	−0.063%	$116K	$873K	10x	as long as short
Orderly PERP_BNB_USDCshort	+0.0100%	8h	798.60	−0.003%	$386K	$458K	50x
Derive BNB-PERP	+0.0100%	1h	798.77	+0.019%	$32K	$5K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	798.84	+0.028%	$13K	$1.7M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	798.80	+0.023%	$393K	$1.0M	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	798.65	+0.003%	$8.2M	$8.2M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	798.72	+0.013%	$78K	$18K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	798.50	−0.015%	$1.8M	$6.3M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	798.65	+0.004%	$384K	$108K	10x	as long as short
Bulk BNB-USD	+0.0127%	1h	799.69	+0.134%	$649K	$10K	10x	as long as short
Kalshi KXBNBPERP	+0.0153%	8h	798.80	+0.023%	$91K	$2.8M	4.8x	as long as short
RISEx BNB/USDC	+0.0155%	1h	797.89	−0.091%	$1.1M	$1.4M	20x	as long as short
Hibachi BNB/USDT-P	+0.0160%	1h	799.09	+0.058%	$69K	$37K	12x	as long as short
BloFin BNB-USDT	+0.0205%	8h	799.34	+0.090%	$18.1M	$2.5M	75x	as long as short
01 Exchange BNBUSD	+0.0208%	1h	798.31	−0.039%	$28K	$1K	10x	as long as short
dYdX BNB-USD	+0.0239%	1h	798.94	+0.040%	$161K	$63K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	799.14	+0.066%	$1.6M	$160K	25x	as long as short
Hyperliquid BNB	+0.0309%	1h	799.72	+0.138%	$53.2M	$20.6M	10x	as long as short
Reya BNBRUSDPERP	+0.0330%	1h	797.84	−0.098%	$6K	$3K	40x	as long as short
Backpack BNB_USDC_PERP	+0.0392%	1h	799.62	+0.125%	$2.7M	$5.6M	40x	as long as short