Funding you earn now, next payment 03:00 UTC+0.0167%/8h= +18.2% APRnext payment +$0.21 per $10,000 · paid last 24h −0.051%
Price spread now: Bulk against dYdX+0.131%7-day average +0.101% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$47as in the Price arb table
costs, in and out, $10k−$500.504% of the position
Funding, last 4 days (all we have)−0.150%−$15 on $10k
+Price spread, last 4 days (all we have)−0.211%−$21 · spread now +0.131%, 7d avg +0.101%
=Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Bulk is 0.030% dearer against dYdX than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.101%. Mind the row above: over the last 4 days funding on this pair cost −0.150%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | dYdX BNB-USD | 791.15 | 0.0200 | pay 0.0025% / 1h | 11m 29s | $160K | $63K | 10x |
| Short | Bulk BNB-USD | 792.18 | 0.0366 | get 0.0046% / 1h | 11m 29s | $641K | $9K | 10x |
dYdX BNB-USD
Bulk BNB-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bulk 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
- $34.98
- Price spread: +0.131% → +0.101%
- $2.95
- Slippage, 4 orders
- −$33.42
- Fee dYdX: 5 bp × 2 orders
- −$10
- Fee Bulk: 3.5 bp × 2 orders
- −$7
- Net
- −$12.49
- Costs to cover
- 0.504%
- Break-even
- 9.5 days
Slippage from dYdX: live order book, 52 min ago; Bulk: live order book, 53 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, 52 min ago | 16.57 bp | 21.7 bp −$22 | 36.4 bp −$364 | 71.0 bp −$7,100 | 395.5 bp −$197.8K |
| Sell Bulk live order book, 53 min ago | 0.06 bp | 3.6 bp −$4 | 3.6 bp −$36 | 6.6 bp −$661 | 17.8 bp −$8,922 |
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 −0.0167% / S +0.0335% | 1h | 791.63 | +0.061% | $46K | — | 200x | as long as short |
| Hotstuff BNB-PERP | −0.0080% | 1h | 791.68 | +0.067% | $4K | $239 | 25x | as long as short |
| StandX BNB-USD | 0.0000% | 1h | 791.83 | +0.086% | $856K | $3.1M | 30x | as long as short |
| gTrade (Gains Network) BNB/USD | L +0.0008% / S −0.0007% | 1h | 791.70 | +0.070% | $9.7M | — | 150x | as long as short |
| Injective BNB/USDC PERP | +0.0033% | 1h | 805.09 | +1.762% | $19K | $789K | 30x | as long as short |
| Coinbase International BNB-PERP-INTX | +0.0048% | 1h | 792.03 | +0.111% | $615K | $1.8M | 50x | as long as short |
| Aster BNBUSDT | +0.0050% | 8h | 791.92 | +0.098% | $6.2M | $18.6M | 200x | as long as short |
| Phemex BNBUSDT | +0.0052% | 8h | 791.59 | +0.056% | $69.3M | $50.5M | 50x | as long as short |
| BingX BNB-USDC | +0.0060% | 8h | 791.50 | +0.044% | — | $13.4M | — | as long as short |
| MEXC BNB_USDT | +0.0072% | 8h | 792.70 | +0.196% | $80.5M | $12.5M | 200x | as long as short |
GMX BNB/USD [WBTC.b-USDC]
Hotstuff BNB-PERP
StandX BNB-USD
gTrade (Gains Network) BNB/USD
Injective BNB/USDC PERP
Coinbase International BNB-PERP-INTX
Aster BNBUSDT
Phemex BNBUSDT
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 | +0.0072% | 8h | 792.31 | +0.147% | $495.0M | $791.2M | 75x | as long as short |
| Kraken Futures PF_BNBUSD | +0.0091% | 1h | 790.94 | −0.027% | $2.5M | $1.2M | 50x | as long as short |
| Lighter BNB | +0.0096% | 1h | 791.58 | +0.054% | $2.8M | $3.9M | 20x | as long as short |
| Orderly PERP_BNB_USDC | +0.0100% | 8h | 791.90 | +0.095% | $266K | $498K | 50x | as long as short |
| Nado BNB-PERP | +0.0100% | 1h | 791.25 | +0.013% | $1.4M | $2.6M | 20x | as long as short |
| Hyperliquid BNB | +0.0100% | 1h | 792.17 | +0.129% | $52.0M | $17.7M | 10x | as long as short |
| Pacifica BNB | +0.0100% | 1h | 791.53 | +0.048% | $1.2M | $908K | 20x | as long as short |
| Bybit BNBUSDT | +0.0100% | 8h | 791.70 | +0.070% | $139.3M | $76.5M | 75x | as long as short |
| OKX BNB-USDT-SWAP | +0.0100% | 8h | 791.60 | +0.057% | $53.8M | $111.5M | 50x | as long as short |
| Arcus BNB-USD | +0.0100% | 1h | 791.70 | +0.070% | $52K | $130K | 10x | as long as short |
| Gate BNB_USDT | +0.0100% | 8h | 791.70 | +0.070% | $35.4M | $57.3M | 75x | as long as short |
| KuCoin BNBUSDTM | +0.0100% | 8h | 791.44 | +0.037% | $27.8M | $10.3M | 75x | as long as short |
| Bitget BNBUSDT | +0.0100% | 8h | 791.33 | +0.023% | $77.0M | $29.8M | 75x | as long as short |
| Backpack BNB_USDC_PERP | +0.0100% | 1h | 791.33 | +0.023% | $2.2M | $6.1M | 40x | as long as short |
| Variational Omni BNB | +0.0100% | 8h | 791.90 | +0.094% | $4.1M | $4.6M | — | as long as short |
| edgeX BNBUSDC | +0.0100% | 4h | 791.77 | +0.079% | $4.1M | $74.5M | 30x | as long as short |
| ApeX Omni BNBUSDT | +0.0100% | 1h | 791.88 | +0.092% | $159K | $441K | 50x | as long as short |
| Polymarket Perps BNB-USD | +0.0100% | 1h | 791.44 | +0.037% | $134K | $949K | 10x | as long as short |
| Derive BNB-PERP | +0.0100% | 1h | 791.24 | +0.011% | $31K | $12K | 10x | as long as short |
| SunX BNB-USDT | +0.0100% | 8h | 791.64 | +0.062% | $12K | $1.5M | 50x | as long as short |
| SoDEX BNB-USD | +0.0100% | 1h | 791.30 | +0.019% | $389K | $1.0M | 10x | as long as short |
| HTX BNB-USDT | +0.0100% | 8h | 791.36 | +0.027% | $8.1M | $9.2M | 75x | as long as short |
| Paradex BNB-USD-PERP | +0.0102% | 8h | 791.90 | +0.094% | $77K | $17K | 50x | as long as short |
| Extended BNB-USD | +0.0104% | 1h | 791.05 | −0.013% | $1.8M | $5.9M | 50x | as long as short |
| Aevo BNB-PERP | +0.0104% | 1h | 791.10 | −0.007% | $380K | $110K | 10x | as long as short |
| Phoenix BNB | +0.0107% | 1h | 791.53 | +0.048% | $170K | $35K | 10x | as long as short |
| GRVT BNB_USDT_Perp | +0.0143% | 8h | 791.96 | +0.102% | $2.9M | $28.0M | 10x | as long as short |
| Kalshi KXBNBPERP | +0.0187% | 8h | 791.60 | +0.057% | $83K | $2.8M | 4.8x | as long as short |
| BloFin BNB-USDT | +0.0194% | 8h | 791.97 | +0.104% | $18.2M | $2.2M | 75x | as long as short |
| dYdX BNB-USDlong | +0.0200% | 1h | 791.15 | long leg | $160K | $63K | 10x | |
| 01 Exchange BNBUSD | +0.0288% | 1h | 792.14 | +0.125% | $28K | $4K | 10x | as long as short |
| Deribit BNB_USDC-PERPETUAL | +0.0300% | 1h | 791.56 | +0.051% | $1.5M | $143K | 25x | as long as short |
| Reya BNBRUSDPERP | +0.0327% | 1h | 791.29 | +0.018% | $6K | $3K | 40x | as long as short |
| RISEx BNB/USDC | +0.0361% | 1h | 791.89 | +0.094% | $1.1M | $982K | 20x | as long as short |
| Bulk BNB-USDshort | +0.0366% | 1h | 792.18 | +0.131% | $641K | $9K | 10x | |
| Hibachi BNB/USDT-P | +0.0584% | 1h | 791.61 | +0.058% | $68K | $38K | 12x | as long as short |
Binance BNBUSDT
Kraken Futures PF_BNBUSD
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
Phoenix BNB
GRVT BNB_USDT_Perp
Kalshi KXBNBPERP
BloFin BNB-USDT
01 Exchange BNBUSD
Deribit BNB_USDC-PERPETUAL
Reya BNBRUSDPERP
RISEx BNB/USDC
Hibachi BNB/USDT-P