Funding you earn now, next payment 05:00 UTC−0.0093%/8h= −10.2% APRnext payment −$0.12 per $10,000 · paid last 24h −0.026%
Price spread now: gTrade (Gains Network) against Derive−0.012%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
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$3 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Derive BNB-PERP | 787.25 | 0.0100 | pay 0.0013% / 1h | 22m 14s | $31K | $12K | 10x |
| Short | gTrade (Gains Network) BNB/USD | 787.15 | L +0.0007% / S −0.0007% | get 0.0001% / 1h | 22m 14s | $9.5M | — | 150x |
Derive BNB-PERP
gTrade (Gains Network) BNB/USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
gTrade (Gains Network) 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
- −$19.49
- Price spread: −0.012% → 0.000%
- −$1.15
- Slippage, 4 orders
- no order book: not counted
- Fee Derive: 3 bp × 2 orders
- −$6
- Fee gTrade (Gains Network): 5 bp × 2 orders
- −$10
- Net
- −$36.64
- Costs to cover
- 0.160%
- Break-even
- never at this rate
Slippage unknown: Derive: no order-book sample; gTrade (Gains Network): virtual book (oracle venue), 2 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 gTrade (Gains Network) virtual book (oracle venue), 2 min ago | 130.01 bp | 135.0 bp −$135 | 135.0 bp −$1,350 | 484.2 bp −$48.4K | 3301.4 bp −$1.65M |
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 −0.0192% / S +0.0356% | 1h | 787.11 | −0.018% | $46K | — | 200x | as long as short |
| Kraken Futures PF_BNBUSD | −0.0124% | 1h | 787.06 | −0.024% | $2.5M | $1.2M | 50x | as long as short |
| Hotstuff BNB-PERP | −0.0080% | 1h | 787.42 | +0.022% | $4K | $42 | 25x | as long as short |
| Kalshi KXBNBPERP | 0.0000% | 8h | 787.90 | +0.083% | $126K | $2.7M | 4.8x | as long as short |
| StandX BNB-USD | 0.0000% | 1h | 788.54 | +0.164% | $850K | $3.1M | 30x | as long as short |
| gTrade (Gains Network) BNB/USDshort | L +0.0007% / S −0.0007% | 1h | 787.15 | −0.012% | $9.5M | — | 150x | |
| Aster BNBUSDT | +0.0024% | 8h | 787.49 | +0.031% | $6.1M | $18.7M | 200x | as long as short |
| Injective BNB/USDC PERP | +0.0033% | 1h | 805.09 | +2.267% | $19K | $789K | 30x | as long as short |
| BingX BNB-USDC | +0.0040% | 8h | 787.39 | +0.018% | — | $13.4M | — | as long as short |
| MEXC BNB_USDT | +0.0043% | 8h | 788.10 | +0.108% | $79.9M | $12.0M | 200x | as long as short |
GMX BNB/USD [WBTC.b-USDC]
Kraken Futures PF_BNBUSD
Hotstuff BNB-PERP
Kalshi KXBNBPERP
StandX BNB-USD
Aster BNBUSDT
Injective BNB/USDC PERP
BingX BNB-USDC
MEXC BNB_USDTShow all 46 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance BNBUSDT | +0.0044% | 8h | 787.64 | +0.050% | $491.1M | $800.2M | 75x | as long as short |
| Phemex BNBUSDT | +0.0051% | 8h | 787.62 | +0.048% | $68.9M | $50.6M | 50x | as long as short |
| Coinbase International BNB-PERP-INTX | +0.0072% | 1h | 787.23 | −0.002% | $589K | $1.9M | 50x | as long as short |
| Phoenix BNB | +0.0092% | 1h | 788.22 | +0.124% | $169K | $35K | 10x | as long as short |
| dYdX BNB-USD | +0.0096% | 1h | 787.16 | −0.011% | $159K | $63K | 10x | as long as short |
| Lighter BNB | +0.0096% | 1h | 787.28 | +0.004% | $2.7M | $3.9M | 20x | as long as short |
| Orderly PERP_BNB_USDC | +0.0100% | 8h | 787.20 | −0.006% | $265K | $492K | 50x | as long as short |
| Nado BNB-PERP | +0.0100% | 1h | 787.25 | +0.001% | $1.5M | $2.6M | 20x | as long as short |
| Hyperliquid BNB | +0.0100% | 1h | 787.73 | +0.062% | $51.7M | $17.4M | 10x | as long as short |
| Pacifica BNB | +0.0100% | 1h | 787.38 | +0.017% | $1.2M | $933K | 20x | as long as short |
| Bybit BNBUSDT | +0.0100% | 8h | 787.00 | −0.031% | $138.4M | $73.9M | 75x | as long as short |
| OKX BNB-USDT-SWAP | +0.0100% | 8h | 786.90 | −0.044% | $53.4M | $111.5M | 50x | as long as short |
| Arcus BNB-USD | +0.0100% | 1h | 787.10 | −0.019% | $52K | $133K | 10x | as long as short |
| Gate BNB_USDT | +0.0100% | 8h | 787.20 | −0.006% | $35.9M | $57.7M | 75x | as long as short |
| KuCoin BNBUSDTM | +0.0100% | 8h | 786.82 | −0.054% | $27.5M | $10.3M | 75x | as long as short |
| Bitget BNBUSDT | +0.0100% | 8h | 786.78 | −0.059% | $76.2M | $30.6M | 75x | as long as short |
| Backpack BNB_USDC_PERP | +0.0100% | 1h | 787.46 | +0.027% | $2.2M | $6.1M | 40x | as long as short |
| Variational Omni BNB | +0.0100% | 8h | 787.50 | +0.033% | $4.1M | $4.8M | — | as long as short |
| edgeX BNBUSDC | +0.0100% | 4h | 788.21 | +0.123% | $4.1M | $73.8M | 30x | as long as short |
| ApeX Omni BNBUSDT | +0.0100% | 1h | 788.40 | +0.147% | $159K | $442K | 50x | as long as short |
| Polymarket Perps BNB-USD | +0.0100% | 1h | 787.12 | −0.016% | $132K | $953K | 10x | as long as short |
| Derive BNB-PERPlong | +0.0100% | 1h | 787.25 | long leg | $31K | $12K | 10x | |
| SunX BNB-USDT | +0.0100% | 8h | 787.66 | +0.053% | $12K | $1.5M | 50x | as long as short |
| SoDEX BNB-USD | +0.0100% | 1h | 787.30 | +0.007% | $387K | $1.0M | 10x | as long as short |
| HTX BNB-USDT | +0.0100% | 8h | 787.21 | −0.004% | $8.1M | $9.6M | 75x | as long as short |
| Paradex BNB-USD-PERP | +0.0100% | 8h | 787.41 | +0.021% | $76K | $17K | 50x | as long as short |
| Extended BNB-USD | +0.0104% | 1h | 786.83 | −0.052% | $1.9M | $6.3M | 50x | as long as short |
| Aevo BNB-PERP | +0.0104% | 1h | 787.16 | −0.011% | $378K | $110K | 10x | as long as short |
| BloFin BNB-USDT | +0.0164% | 8h | 788.37 | +0.143% | $17.7M | $2.2M | 75x | as long as short |
| GRVT BNB_USDT_Perp | +0.0174% | 8h | 788.49 | +0.158% | $2.9M | $28.7M | 10x | as long as short |
| Bulk BNB-USD | +0.0193% | 1h | 788.28 | +0.132% | $638K | $10K | 10x | as long as short |
| 01 Exchange BNBUSD | +0.0240% | 1h | 787.42 | +0.022% | $28K | $4K | 10x | as long as short |
| Deribit BNB_USDC-PERPETUAL | +0.0300% | 1h | 787.63 | +0.048% | $1.5M | $143K | 25x | as long as short |
| Reya BNBRUSDPERP | +0.0324% | 1h | 786.75 | −0.063% | $6K | $3K | 40x | as long as short |
| Hibachi BNB/USDT-P | +0.0408% | 1h | 788.11 | +0.109% | $68K | $39K | 12x | as long as short |
| RISEx BNB/USDC | +0.0431% | 1h | 787.27 | +0.004% | $1.1M | $893K | 20x | as long as short |
Binance BNBUSDT
Phemex BNBUSDT
Coinbase International BNB-PERP-INTX
Phoenix BNB
dYdX BNB-USD
Lighter BNB
Orderly PERP_BNB_USDC
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
SunX BNB-USDT
SoDEX BNB-USD
HTX BNB-USDT
Paradex BNB-USD-PERP
Extended BNB-USD
Aevo BNB-PERP
BloFin BNB-USDT
GRVT BNB_USDT_Perp
Bulk BNB-USD
01 Exchange BNBUSD
Deribit BNB_USDC-PERPETUAL
Reya BNBRUSDPERP
Hibachi BNB/USDT-P
RISEx BNB/USDC