BNB

Alert

Spread before costs (cost unknown: a leg has no order-book sample)−0.024%

7d average—if it closes, per $10,000$2funding while held, a day+$1.90

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Derive BNB-PERP	803.10	0.0100	pay 0.0013% / 1h	0m 02s	$32K	$5K	10x
Short	SoDEX BNB-USD	802.90	0.0163	get 0.0020% / 1h	0m 02s	$395K	$1.0M	10x

Price spread history

latest

Range statsloading…

How often the spread is this wide

share of time at each level, last 7D

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Position, each leg$Hold forhoursFee DerivebpFee SoDEXbpOrdersClose when spread is

Spread captured: −$2.44
Funding while held: $1.9
Slippage, 4 orders: no order book: not counted
Fee Derive: 3 bp × 2 orders: −$6
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$14.53
Spread needed to break even: 0.140%

Slippage unknown: Derive: no order-book sample; SoDEX: live order book, 5 min ago. Net counts fees only.

Cost of waiting

funding view

Funding /8h: +0.0063%
Per $10,000 a day: +$1.90
Average in range /8h: —

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 SoDEX live order book, 5 min ago	0.62 bp	5.0 bp −$5	9.2 bp −$92	84.3 bp −$8,433	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 price on every exchange

against the cheapest. Click to use as the short leg.

Injective798.65cheapest Bitget802.38+0.467%Bybit802.50+0.482%OKX802.50+0.482%Gate802.50+0.482%Extended802.54+0.487%KuCoin802.60+0.495%gTrade (Gains Network)802.78+0.518%Aevo802.84+0.524%Nado802.88+0.529%

SoDEX802.90+0.532%

Kraken Futures802.93+0.536%Lighter802.95+0.538%Variational Omni802.95+0.539%Orderly802.98+0.542%Reya803.02+0.547%GMX803.02+0.547%

Derive803.10+0.557%

Backpack803.18+0.567%Polymarket Perps803.22+0.572%HTX803.23+0.574%Deribit803.23+0.574%Coinbase International803.26+0.577%BingX803.29+0.581%Aster803.31+0.584%SunX803.33+0.586%Phemex803.45+0.601%Pacifica803.50+0.607%Arcus803.50+0.607%Binance803.52+0.610%dYdX803.53+0.611%Hibachi803.64+0.625%RISEx803.65+0.626%Hyperliquid803.66+0.627%Kalshi803.70+0.632%Hotstuff803.77+0.641%StandX803.87+0.654%BloFin803.92+0.660%Paradex804.05+0.676%MEXC804.20+0.695%01 Exchange804.33+0.711%Phoenix805.33+0.836%edgeX805.66+0.878%Bulk805.70+0.882%ApeX Omni805.70+0.883%

BNB on 45 venues

cheapest first. Swap a leg.

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
Injective BNB/USDC PERP	−0.554%	+0.0306%	1h	$19K	$620K	30x	as long as short
Bitget BNBUSDT	−0.089%	+0.0100%	8h	$78.4M	$24.8M	75x	as long as short
Bybit BNBUSDT	−0.074%	+0.0072%	8h	$139.9M	$92.2M	75x	as long as short
OKX BNB-USDT-SWAP	−0.074%	+0.0100%	8h	$55.3M	$114.0M	50x	as long as short
Gate BNB_USDT	−0.074%	+0.0100%	8h	$37.0M	$59.3M	75x	as long as short
Extended BNB-USD	−0.070%	+0.0104%	1h	$1.7M	$6.5M	50x	as long as short
KuCoin BNBUSDTM	−0.062%	+0.0100%	8h	$28.1M	$10.5M	75x	as long as short
gTrade (Gains Network) BNB/USD	−0.039%	L +0.0008% / S −0.0008%	1h	$9.7M	—	150x	as long as short
Aevo BNB-PERP	−0.032%	+0.0104%	1h	$386K	$37K	10x	as long as short
Nado BNB-PERP	−0.027%	+0.0100%	1h	$1.5M	$2.9M	20x	as long as short

Show all 45 venues

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
SoDEX BNB-USDshort	−0.024%	+0.0163%	1h	$395K	$1.0M	10x
Kraken Futures PF_BNBUSD	−0.020%	+0.0588%	1h	$2.5M	$868K	50x	as long as short
Lighter BNB	−0.018%	+0.0096%	1h	$2.6M	$3.4M	20x	as long as short
Variational Omni BNB	−0.018%	+0.0041%	8h	$4.0M	$6.6M	—	as long as short
Orderly PERP_BNB_USDC	−0.014%	+0.0100%	8h	$300K	$640K	50x	as long as short
Reya BNBRUSDPERP	−0.010%	+0.0328%	1h	$9K	—	40x	as long as short
GMX BNB/USD [WBTC.b-USDC]	−0.009%	L +0.0032% / S +0.0169%	1h	$54K	—	200x	as long as short
Derive BNB-PERPlong	0.000%	+0.0100%	1h	$32K	$5K	10x
Backpack BNB_USDC_PERP	+0.011%	+0.0283%	1h	$2.3M	$3.8M	40x	as long as short
Polymarket Perps BNB-USD	+0.015%	+0.0100%	1h	$114K	$869K	10x	as long as short
HTX BNB-USDT	+0.017%	+0.0100%	8h	$8.2M	$5.4M	75x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.017%	+0.0200%	1h	$1.6M	$164K	25x	as long as short
Coinbase International BNB-PERP-INTX	+0.020%	+0.0072%	1h	$603K	$932K	50x	as long as short
BingX BNB-USDC	+0.024%	+0.0059%	8h	—	$13.2M	—	as long as short
Aster BNBUSDT	+0.027%	+0.0128%	8h	$6.2M	$19.9M	200x	as long as short
SunX BNB-USDT	+0.030%	+0.0100%	8h	$13K	$1.7M	50x	as long as short
Phemex BNBUSDT	+0.044%	+0.0101%	8h	$70.5M	$52.5M	50x	as long as short
Pacifica BNB	+0.050%	+0.0100%	1h	$1.2M	$907K	20x	as long as short
Arcus BNB-USD	+0.050%	+0.0100%	1h	$52K	$242K	10x	as long as short
Binance BNBUSDT	+0.053%	+0.0124%	8h	$524.0M	$794.6M	75x	as long as short
dYdX BNB-USD	+0.054%	+0.0613%	1h	$174K	$54K	10x	as long as short
Hibachi BNB/USDT-P	+0.068%	+0.0352%	1h	$71K	$46K	12x	as long as short
RISEx BNB/USDC	+0.069%	+0.0202%	1h	$1.2M	$1.5M	20x	as long as short
Hyperliquid BNB	+0.070%	+0.0439%	1h	$52.5M	$21.7M	10x	as long as short
Kalshi KXBNBPERP	+0.075%	0.0000%	8h	$190K	$2.6M	4.8x	as long as short
Hotstuff BNB-PERP	+0.084%	−0.0080%	1h	$4K	$1K	25x	as long as short
StandX BNB-USD	+0.096%	0.0000%	1h	$869K	$3.5M	30x	as long as short
BloFin BNB-USDT	+0.103%	+0.0244%	8h	$19.5M	$3.0M	75x	as long as short
Paradex BNB-USD-PERP	+0.119%	+0.0100%	8h	$78K	$545K	50x	as long as short
MEXC BNB_USDT	+0.138%	+0.0123%	8h	$84.7M	$16.6M	200x	as long as short
01 Exchange BNBUSD	+0.154%	+0.0336%	1h	$28K	$1K	10x	as long as short
Phoenix BNB	+0.278%	+0.0172%	1h	$172K	$30K	10x	as long as short
edgeX BNBUSDC	+0.320%	+0.0100%	4h	$4.2M	$75.0M	30x	as long as short
Bulk BNB-USD	+0.324%	+0.0302%	1h	$654K	$132K	10x	as long as short
ApeX Omni BNBUSDT	+0.324%	+0.0100%	1h	$159K	$434K	50x	as long as short