BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0020%/8h= +2.2% APRnext payment +$0.03 per $10,000 · paid last 24h −0.007%

Price spread now: Coinbase International against Derive−0.081%243s7-day average — · you buy dearer than you sell

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

Long on Derive Short on Coinbase International

What this pair did over the last

the charts below follow

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

Funding pays, the price is against you. Coinbase International is 0.081% cheaper against Derive than usual: you would sell low and buy high (spread −0.081% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$8 on $10k: about 13 days of funding at the current rate (+$1 a day). The two prices were read 243 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	Derive BNB-PERP	787.23	0.0100	pay 0.0013% / 1h	44m 45s	$31K	$12K	10x
Short	Coinbase International BNB-PERP-INTX	786.59	0.0120	get 0.0015% / 1h	44m 45s	$548K	$1.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Derive. 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 DerivebpFee Coinbase InternationalbpOrdersPrice spread, now −0.081%Rate

Funding earned: $4.2
Price spread: −0.081% → 0.000%: −$8.1
Slippage, 4 orders: no order book: not counted
Fee Derive: 3 bp × 2 orders: −$6
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$19.9
Costs to cover: 0.160%
Break-even: 40.2 days

Slippage unknown: Derive: no order-book sample; Coinbase International: live order book, 4 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 Coinbase International live order book, 4 min ago	0.89 bp	7.1 bp −$7	12.7 bp −$127	doesn't fit	doesn't fit

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 −0.0168% / S +0.0337%	1h	786.66	−0.072%	$43K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	787.29	+0.008%	$4K	—	25x	as long as short
Kraken Futures PF_BNBUSD	−0.0021%	1h	786.58	−0.082%	$2.5M	$1.2M	50x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	787.49	+0.033%	$3.0M	$27.6M	10x	as long as short
StandX BNB-USD	0.0000%	1h	787.89	+0.084%	$850K	$2.7M	30x	as long as short
Deribit BNB_USDC-PERPETUAL	0.0000%	1h	787.04	−0.024%	$1.5M	$141K	25x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	786.63	−0.076%	$9.5M	—	150x	as long as short
Aster BNBUSDT	+0.0027%	8h	787.23	+0.001%	$6.0M	$18.5M	200x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.269%	$19K	$789K	30x	as long as short
BingX BNB-USDC	+0.0036%	8h	786.99	−0.030%	—	$13.4M	—	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance BNBUSDT	+0.0043%	8h	787.11	−0.015%	$489.7M	$812.7M	75x	as long as short
MEXC BNB_USDT	+0.0044%	8h	788.30	+0.136%	$82.0M	$12.1M	200x	as long as short
Lighter BNB	+0.0096%	1h	786.76	−0.060%	$2.7M	$3.6M	20x	as long as short
dYdX BNB-USD	+0.0098%	1h	787.07	−0.021%	$157K	$64K	10x	as long as short
Nado BNB-PERP	+0.0100%	1h	786.85	−0.048%	$1.4M	$2.6M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	787.25	+0.003%	$51.6M	$17.6M	10x	as long as short
Pacifica BNB	+0.0100%	1h	786.88	−0.044%	$1.2M	$937K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	786.50	−0.092%	$138.5M	$73.3M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	786.40	−0.105%	$53.5M	$111.4M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	787.20	−0.004%	$52K	$125K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	786.75	−0.061%	$39.2M	$55.5M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	786.51	−0.091%	$27.7M	$10.2M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	786.32	−0.115%	$75.4M	$32.5M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	787.03	−0.025%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	786.82	−0.052%	$4.3M	$4.9M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	787.45	+0.028%	$4.1M	$76.8M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	787.37	+0.018%	$158K	$439K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	787.10	−0.016%	$132K	$942K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	786.76	−0.059%	$264K	$358K	50x	as long as short
Derive BNB-PERPlong	+0.0100%	1h	787.23	long leg	$31K	$12K	10x
SunX BNB-USDT	+0.0100%	8h	787.47	+0.031%	$12K	$1.5M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	786.80	−0.054%	$387K	$948K	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	787.23	0.000%	$8.0M	$10.4M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	787.52	+0.037%	$78K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	786.29	−0.119%	$1.8M	$5.8M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	786.65	−0.073%	$378K	$110K	10x	as long as short
Phemex BNBUSDT	+0.0106%	8h	787.34	+0.014%	$68.6M	$51.1M	50x	as long as short
Kalshi KXBNBPERP	+0.0114%	8h	787.40	+0.022%	$171K	$2.6M	4.8x	as long as short
Coinbase International BNB-PERP-INTXshort	+0.0120%	1h	786.59	−0.081%	$548K	$1.9M	50x
Phoenix BNB	+0.0120%	1h	787.48	+0.032%	$158K	$38K	10x	as long as short
BloFin BNB-USDT	+0.0163%	8h	787.48	+0.032%	$17.7M	$2.2M	75x	as long as short
Bulk BNB-USD	+0.0215%	1h	787.68	+0.057%	$638K	$831	10x	as long as short
01 Exchange BNBUSD	+0.0240%	1h	787.52	+0.037%	$28K	$3K	10x	as long as short
Reya BNBRUSDPERP	+0.0319%	1h	786.71	−0.066%	$6K	$3K	40x	as long as short
RISEx BNB/USDC	+0.0355%	1h	787.29	+0.008%	$1.1M	$911K	20x	as long as short
Hibachi BNB/USDT-P	+0.0416%	1h	787.30	+0.010%	$67K	$39K	12x	as long as short