Funding you earn now, next payment 05:00 UTC−0.0050%/8h= −5.4% APRpaid last 24h −0.090%
Price spread now: Binance against dYdX+0.056%7-day average +0.082% · you sell dearer than you buy
Net, funding: paid 7d − costs−$92as in the Funding arb table
Net, price: spread back to 7d avg − costs−$47as in the Price arb table
costs, in and out, $10k−$440.444% of the position
Funding, last 7 days−0.477%−$48 on $10k
+Price spread, last 4 days (all we have)+0.051%+$5 · spread now +0.056%, 7d avg +0.082%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Binance is 0.026% cheaper against dYdX than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.082%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | dYdX BNB-USD | 787.88 | 0.0096 | pay 0.0012% / 1h | 27m 00s | $159K | $64K | 10x |
| Short | Binance BNBUSDT | 788.32 | 0.0046 | get 0.0046% / 8h | 3h 27m | $491.6M | $798.3M | 75x |
dYdX BNB-USD
Binance BNBUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against dYdX. 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
- −$10.42
- Price spread: +0.056% → +0.082%
- −$2.6
- Slippage, 4 orders
- −$24.44
- Fee dYdX: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$57.46
- Costs to cover
- 0.444%
- Break-even
- never at this rate
Slippage from dYdX: live order book, 27 min ago; Binance: live order book, 2 min ago.
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 dYdX live order book, 27 min ago | 9.99 bp | 17.2 bp −$17 | 35.2 bp −$352 | 84.3 bp −$8,432 | 139.0 bp −$69.5K |
| Sell Binance live order book, 2 min ago | 0.06 bp | 5.1 bp −$5 | 6.4 bp −$64 | 11.1 bp −$1,109 | 23.9 bp −$12.0K |
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 | 787.81 | −0.009% | $46K | — | 200x | as long as short |
| Kraken Futures PF_BNBUSD | −0.0124% | 1h | 787.68 | −0.025% | $2.5M | $1.2M | 50x | as long as short |
| Hotstuff BNB-PERP | −0.0080% | 1h | 787.95 | +0.009% | $4K | $42 | 25x | as long as short |
| StandX BNB-USD | 0.0000% | 1h | 788.76 | +0.112% | $851K | $3.1M | 30x | as long as short |
| gTrade (Gains Network) BNB/USD | L +0.0007% / S −0.0007% | 1h | 787.80 | −0.010% | $9.5M | — | 150x | as long as short |
| Aster BNBUSDT | +0.0027% | 8h | 788.37 | +0.062% | $6.1M | $18.7M | 200x | as long as short |
| Injective BNB/USDC PERP | +0.0033% | 1h | 805.09 | +2.184% | $19K | $789K | 30x | as long as short |
| BingX BNB-USDT | +0.0040% | 8h | 787.94 | +0.008% | — | $22.3M | — | as long as short |
| MEXC BNB_USDT | +0.0046% | 8h | 788.80 | +0.117% | $80.0M | $12.0M | 200x | as long as short |
| Binance BNBUSDTshort | +0.0046% | 8h | 788.32 | +0.056% | $491.6M | $798.3M | 75x |
GMX BNB/USD [WBTC.b-USDC]
Kraken Futures PF_BNBUSD
Hotstuff BNB-PERP
StandX BNB-USD
gTrade (Gains Network) BNB/USD
Aster BNBUSDT
Injective BNB/USDC PERP
BingX BNB-USDT
MEXC BNB_USDTShow all 46 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phemex BNBUSDT | +0.0048% | 8h | 788.33 | +0.057% | $69.0M | $50.6M | 50x | as long as short |
| Coinbase International BNB-PERP-INTX | +0.0072% | 1h | 790.26 | +0.302% | $580K | $1.9M | 50x | as long as short |
| Phoenix BNB | +0.0092% | 1h | 788.66 | +0.099% | $169K | $35K | 10x | as long as short |
| dYdX BNB-USDlong | +0.0096% | 1h | 787.88 | long leg | $159K | $64K | 10x | |
| Lighter BNB | +0.0096% | 1h | 788.01 | +0.016% | $2.7M | $3.8M | 20x | as long as short |
| Orderly PERP_BNB_USDC | +0.0100% | 8h | 787.81 | −0.009% | $265K | $492K | 50x | as long as short |
| Nado BNB-PERP | +0.0100% | 1h | 787.65 | −0.029% | $1.5M | $2.6M | 20x | as long as short |
| Hyperliquid BNB | +0.0100% | 1h | 788.46 | +0.074% | $51.7M | $17.5M | 10x | as long as short |
| Pacifica BNB | +0.0100% | 1h | 788.12 | +0.031% | $1.2M | $933K | 20x | as long as short |
| Bybit BNBUSDT | +0.0100% | 8h | 787.69 | −0.024% | $138.6M | $73.8M | 75x | as long as short |
| OKX BNB-USDT-SWAP | +0.0100% | 8h | 787.70 | −0.023% | $53.4M | $111.5M | 50x | as long as short |
| Arcus BNB-USD | +0.0100% | 1h | 788.00 | +0.015% | $52K | $133K | 10x | as long as short |
| Gate BNB_USDT | +0.0100% | 8h | 787.75 | −0.017% | $35.9M | $57.6M | 75x | as long as short |
| KuCoin BNBUSDTM | +0.0100% | 8h | 787.50 | −0.048% | $27.6M | $10.3M | 75x | as long as short |
| Bitget BNBUSDT | +0.0100% | 8h | 787.71 | −0.022% | $76.3M | $30.5M | 75x | as long as short |
| Backpack BNB_USDC_PERP | +0.0100% | 1h | 788.21 | +0.042% | $2.2M | $6.1M | 40x | as long as short |
| Variational Omni BNB | +0.0100% | 8h | 788.21 | +0.042% | $4.1M | $4.8M | — | as long as short |
| edgeX BNBUSDC | +0.0100% | 4h | 788.44 | +0.072% | $4.1M | $73.7M | 30x | as long as short |
| ApeX Omni BNBUSDT | +0.0100% | 1h | 788.63 | +0.095% | $159K | $442K | 50x | as long as short |
| Polymarket Perps BNB-USD | +0.0100% | 1h | 787.66 | −0.028% | $130K | $951K | 10x | as long as short |
| Derive BNB-PERP | +0.0100% | 1h | 787.92 | +0.005% | $31K | $12K | 10x | as long as short |
| SunX BNB-USDT | +0.0100% | 8h | 788.33 | +0.056% | $12K | $1.5M | 50x | as long as short |
| SoDEX BNB-USD | +0.0100% | 1h | 788.00 | +0.015% | $387K | $1.0M | 10x | as long as short |
| HTX BNB-USDT | +0.0100% | 8h | 788.16 | +0.036% | $8.1M | $9.6M | 75x | as long as short |
| Paradex BNB-USD-PERP | +0.0100% | 8h | 788.15 | +0.034% | $77K | $17K | 50x | as long as short |
| Extended BNB-USD | +0.0104% | 1h | 787.47 | −0.052% | $1.9M | $6.3M | 50x | as long as short |
| Aevo BNB-PERP | +0.0104% | 1h | 787.80 | −0.010% | $378K | $110K | 10x | as long as short |
| Kalshi KXBNBPERP | +0.0125% | 8h | 788.30 | +0.053% | $126K | $2.7M | 4.8x | as long as short |
| BloFin BNB-USDT | +0.0166% | 8h | 788.40 | +0.066% | $18.0M | $2.2M | 75x | as long as short |
| GRVT BNB_USDT_Perp | +0.0174% | 8h | 788.73 | +0.108% | $2.9M | $28.7M | 10x | as long as short |
| Deribit BNB_USDC-PERPETUAL | +0.0200% | 1h | 788.25 | +0.047% | $1.5M | $143K | 25x | as long as short |
| Bulk BNB-USD | +0.0219% | 1h | 788.52 | +0.081% | $639K | $9K | 10x | as long as short |
| 01 Exchange BNBUSD | +0.0240% | 1h | 788.30 | +0.053% | $28K | $4K | 10x | as long as short |
| Reya BNBRUSDPERP | +0.0325% | 1h | 787.54 | −0.044% | $6K | $3K | 40x | as long as short |
| Hibachi BNB/USDT-P | +0.0416% | 1h | 788.23 | +0.045% | $67K | $39K | 12x | as long as short |
| RISEx BNB/USDC | +0.0431% | 1h | 788.12 | +0.030% | $1.1M | $893K | 20x | as long as short |
Phemex BNBUSDT
Coinbase International BNB-PERP-INTX
Phoenix BNB
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
Derive BNB-PERP
SunX BNB-USDT
SoDEX BNB-USD
HTX BNB-USDT
Paradex BNB-USD-PERP
Extended BNB-USD
Aevo BNB-PERP
Kalshi KXBNBPERP
BloFin BNB-USDT
GRVT BNB_USDT_Perp
Deribit BNB_USDC-PERPETUAL
Bulk BNB-USD
01 Exchange BNBUSD
Reya BNBRUSDPERP
Hibachi BNB/USDT-P
RISEx BNB/USDC