Funding you earn now, next payment 23:00 UTC−0.0019%/8h= −2.1% APRpaid last 24h +0.002%
Price spread now: Bybit against Derive−0.095%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 −$1 a day on $10k at the current rate, and Bybit is 0.095% cheaper against Derive than usual: you would sell low and buy high (−$9 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 | Derive BNB-PERP | 801.16 | 0.0100 | pay 0.0013% / 1h | 31m 08s | $32K | $5K | 10x |
| Short | Bybit BNBUSDT | 800.40 | 0.0081 | get 0.0081% / 8h | 1h 31m | $139.5M | $83.0M | 75x |
Derive BNB-PERP
Bybit BNBUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Derive. 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
- −$4.06
- Price spread: −0.095% → 0.000%
- −$9.47
- Slippage, 4 orders
- no order book: not counted
- Fee Derive: 3 bp × 2 orders
- −$6
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$30.52
- Costs to cover
- 0.170%
- Break-even
- never at this rate
Slippage unknown: Derive: no order-book sample; Bybit: live order book, 3 min ago. 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 Derive no order-book sample | — | — | — | — | — |
| Sell Bybit live order book, 3 min ago | 0.62 bp | 7.3 bp −$7 | 10.3 bp −$103 | 28.7 bp −$2,867 | 143.9 bp −$71.9K |
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 −0.0201% / S +0.0372% | 1h | 801.16 | 0.000% | $48K | — | 200x | as long as short |
| Hotstuff BNB-PERP | −0.0080% | 1h | 801.96 | +0.100% | $4K | $1K | 25x | as long as short |
| GRVT BNB_USDT_Perp | 0.0000% | 8h | 805.39 | +0.528% | $3.0M | $29.1M | 10x | as long as short |
| Kalshi KXBNBPERP | 0.0000% | 8h | 801.90 | +0.093% | $158K | $2.8M | 4.8x | as long as short |
| StandX BNB-USD | 0.0000% | 1h | 802.23 | +0.134% | $867K | $2.8M | 30x | as long as short |
| gTrade (Gains Network) BNB/USD | L +0.0008% / S −0.0007% | 1h | 801.15 | −0.001% | $9.7M | — | 150x | as long as short |
| Variational Omni BNB | +0.0041% | 8h | 805.56 | +0.549% | $4.1M | $5.3M | — | as long as short |
| BingX BNB-USDC | +0.0058% | 8h | 801.09 | −0.009% | — | $13.3M | — | as long as short |
| Bybit BNBUSDTshort | +0.0081% | 8h | 800.40 | −0.095% | $139.5M | $83.0M | 75x | |
| Lighter BNB | +0.0096% | 1h | 801.11 | −0.006% | $2.8M | $4.2M | 20x | 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
Variational Omni BNB
BingX BNB-USDC
Lighter BNBShow 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 | 801.19 | +0.004% | $610K | $1.0M | 50x | as long as short |
| Aster BNBUSDT | +0.0100% | 8h | 801.26 | +0.012% | $6.4M | $19.3M | 200x | as long as short |
| Nado BNB-PERP | +0.0100% | 1h | 801.30 | +0.018% | $1.4M | $2.8M | 20x | as long as short |
| Pacifica BNB | +0.0100% | 1h | 801.67 | +0.064% | $1.2M | $923K | 20x | as long as short |
| OKX BNB-USDT-SWAP | +0.0100% | 8h | 800.50 | −0.082% | $54.8M | $117.2M | 50x | as long as short |
| Arcus BNB-USD | +0.0100% | 1h | 801.80 | +0.080% | $53K | $170K | 10x | as long as short |
| Gate BNB_USDT | +0.0100% | 8h | 800.75 | −0.051% | $35.8M | $58.1M | 75x | as long as short |
| KuCoin BNBUSDTM | +0.0100% | 8h | 800.63 | −0.066% | $28.0M | $10.6M | 75x | as long as short |
| Bitget BNBUSDT | +0.0100% | 8h | 800.54 | −0.077% | $81.0M | $26.8M | 75x | as long as short |
| edgeX BNBUSDC | +0.0100% | 4h | 802.78 | +0.203% | $4.2M | $77.4M | 30x | as long as short |
| ApeX Omni BNBUSDT | +0.0100% | 1h | 802.46 | +0.162% | $161K | $441K | 50x | as long as short |
| Polymarket Perps BNB-USD | +0.0100% | 1h | 801.32 | +0.020% | $121K | $880K | 10x | as long as short |
| Orderly PERP_BNB_USDC | +0.0100% | 8h | 800.85 | −0.038% | $387K | $592K | 50x | as long as short |
| Derive BNB-PERPlong | +0.0100% | 1h | 801.16 | long leg | $32K | $5K | 10x | |
| SunX BNB-USDT | +0.0100% | 8h | 801.87 | +0.088% | $11K | $1.7M | 50x | as long as short |
| HTX BNB-USDT | +0.0100% | 8h | 801.56 | +0.050% | $8.2M | $7.9M | 75x | as long as short |
| Paradex BNB-USD-PERP | +0.0100% | 8h | 802.04 | +0.110% | $78K | $19K | 50x | as long as short |
| Extended BNB-USD | +0.0104% | 1h | 800.58 | −0.072% | $1.8M | $6.1M | 50x | as long as short |
| Aevo BNB-PERP | +0.0104% | 1h | 801.21 | +0.006% | $385K | $40K | 10x | as long as short |
| Binance BNBUSDT | +0.0119% | 8h | 801.28 | +0.015% | $516.8M | $829.0M | 75x | as long as short |
| MEXC BNB_USDT | +0.0120% | 8h | 801.80 | +0.080% | $83.3M | $13.8M | 200x | as long as short |
| Phemex BNBUSDT | +0.0129% | 8h | 801.43 | +0.034% | $70.0M | $51.7M | 50x | as long as short |
| SoDEX BNB-USD | +0.0139% | 1h | 801.10 | −0.007% | $394K | $1.0M | 10x | as long as short |
| Hibachi BNB/USDT-P | +0.0144% | 1h | 801.75 | +0.074% | $71K | $48K | 12x | as long as short |
| Phoenix BNB | +0.0155% | 1h | 804.78 | +0.452% | $173K | $35K | 10x | as long as short |
| dYdX BNB-USD | +0.0173% | 1h | 801.39 | +0.029% | $162K | $64K | 10x | as long as short |
| Deribit BNB_USDC-PERPETUAL | +0.0200% | 1h | 801.34 | +0.023% | $1.6M | $165K | 25x | as long as short |
| Kraken Futures PF_BNBUSD | +0.0207% | 1h | 800.73 | −0.053% | $2.6M | $983K | 50x | as long as short |
| BloFin BNB-USDT | +0.0239% | 8h | 801.60 | +0.055% | $18.8M | $2.6M | 75x | as long as short |
| Hyperliquid BNB | +0.0262% | 1h | 801.78 | +0.078% | $51.9M | $22.2M | 10x | as long as short |
| Bulk BNB-USD | +0.0295% | 1h | 807.66 | +0.812% | $652K | $14K | 10x | as long as short |
| Injective BNB/USDC PERP | +0.0311% | 1h | 805.09 | +0.491% | $19K | $789K | 30x | as long as short |
| RISEx BNB/USDC | +0.0318% | 1h | 801.64 | +0.060% | $1.1M | $1.4M | 20x | as long as short |
| Reya BNBRUSDPERP | +0.0333% | 1h | 800.90 | −0.032% | $6K | $3K | 40x | as long as short |
| 01 Exchange BNBUSD | +0.0344% | 1h | 802.20 | +0.130% | $28K | $1K | 10x | as long as short |
| Backpack BNB_USDC_PERP | +0.0669% | 1h | 801.73 | +0.071% | $3.0M | $5.5M | 40x | as long as short |
Coinbase International BNB-PERP-INTX
Aster BNBUSDT
Nado BNB-PERP
Pacifica BNB
OKX BNB-USDT-SWAP
Arcus BNB-USD
Gate BNB_USDT
KuCoin BNBUSDTM
Bitget BNBUSDT
edgeX BNBUSDC
ApeX Omni BNBUSDT
Polymarket Perps BNB-USD
Orderly PERP_BNB_USDC
SunX BNB-USDT
HTX BNB-USDT
Paradex BNB-USD-PERP
Extended BNB-USD
Aevo BNB-PERP
Binance BNBUSDT
MEXC BNB_USDT
Phemex BNBUSDT
SoDEX BNB-USD
Hibachi BNB/USDT-P
Phoenix BNB
dYdX BNB-USD
Deribit BNB_USDC-PERPETUAL
Kraken Futures PF_BNBUSD
BloFin BNB-USDT
Hyperliquid BNB
Bulk BNB-USD
Injective BNB/USDC PERP
RISEx BNB/USDC
Reya BNBRUSDPERP
01 Exchange BNBUSD
Backpack BNB_USDC_PERP