Funding you earn now, next payment 06:00 UTC−0.0041%/8h= −4.5% APRpaid last 24h −0.088%
Price spread now: Orderly against dYdX+0.051%7-day average +0.027% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.418%−$42 on $10k
+Price spread, last 4 days (all we have)−0.039%−$4 · spread now +0.051%, 7d avg +0.027%
=The price spread pays, funding is against you. Orderly is 0.023% dearer against dYdX than usual: you sell high and buy low (spread +0.051% now, against its 7-day average of +0.027%): +$2 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 46 hours. At the pace of the last 7 days (−0.418% in total) that is about 9 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | dYdX BNB-USD | 784.34 | 0.0141 | pay 0.0018% / 1h | 29m 00s | $159K | $61K | 10x |
| Short | Orderly PERP_BNB_USDC | 784.74 | 0.0100 | get 0.0100% / 8h | 2h 29m | $264K | $489K | 50x |
dYdX BNB-USD
Orderly PERP_BNB_USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly 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
- −$8.53
- Price spread: +0.051% → +0.027%
- $2.31
- Slippage, 4 orders
- no order book: not counted
- Fee dYdX: 5 bp × 2 orders
- −$10
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- −$22.22
- Costs to cover
- 0.160%
- Break-even
- never at this rate
Slippage unknown: dYdX: live order book, 20 min ago; Orderly: no order-book sample. 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 dYdX live order book, 20 min ago | 11.80 bp | 26.3 bp −$26 | 147.9 bp −$1,479 | 224.5 bp −$22.5K | 443.5 bp −$221.8K |
| Sell Orderly no order-book sample | — | — | — | — | — |
Orderly: 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 | 784.56 | +0.028% | $46K | — | 200x | as long as short |
| Hotstuff BNB-PERP | −0.0080% | 1h | 785.16 | +0.104% | $4K | $42 | 25x | as long as short |
| StandX BNB-USD | 0.0000% | 1h | 785.52 | +0.150% | $847K | $3.0M | 30x | as long as short |
| gTrade (Gains Network) BNB/USD | L +0.0007% / S −0.0007% | 1h | 784.65 | +0.039% | $9.5M | — | 150x | as long as short |
| Aster BNBUSDT | +0.0030% | 8h | 784.98 | +0.081% | $6.1M | $18.9M | 200x | as long as short |
| Injective BNB/USDC PERP | +0.0033% | 1h | 805.09 | +2.645% | $19K | $789K | 30x | as long as short |
| BingX BNB-USDT | +0.0042% | 8h | 784.61 | +0.034% | — | $22.1M | — | as long as short |
| Phemex BNBUSDT | +0.0050% | 8h | 784.99 | +0.082% | $68.7M | $50.6M | 50x | as long as short |
| MEXC BNB_USDT | +0.0052% | 8h | 785.40 | +0.135% | $79.6M | $11.9M | 200x | as long as short |
| Binance BNBUSDT | +0.0054% | 8h | 784.96 | +0.079% | $488.9M | $809.7M | 75x | as long as short |
GMX BNB/USD [WBTC.b-USDC]
Hotstuff BNB-PERP
StandX BNB-USD
gTrade (Gains Network) BNB/USD
Aster BNBUSDT
Injective BNB/USDC PERP
BingX BNB-USDT
Phemex BNBUSDT
MEXC BNB_USDT
Binance BNBUSDTShow all 46 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_BNBUSD | +0.0069% | 1h | 784.34 | 0.000% | $2.5M | $1.2M | 50x | as long as short |
| Coinbase International BNB-PERP-INTX | +0.0080% | 1h | 784.32 | −0.003% | $577K | $1.9M | 50x | as long as short |
| Lighter BNB | +0.0096% | 1h | 784.63 | +0.037% | $2.7M | $3.8M | 20x | as long as short |
| Orderly PERP_BNB_USDCshort | +0.0100% | 8h | 784.74 | +0.051% | $264K | $489K | 50x | |
| Nado BNB-PERP | +0.0100% | 1h | 784.40 | +0.007% | $1.4M | $2.7M | 20x | as long as short |
| Hyperliquid BNB | +0.0100% | 1h | 784.94 | +0.076% | $51.3M | $17.6M | 10x | as long as short |
| Pacifica BNB | +0.0100% | 1h | 784.88 | +0.068% | $1.2M | $933K | 20x | as long as short |
| Bybit BNBUSDT | +0.0100% | 8h | 784.30 | −0.005% | $137.8M | $74.6M | 75x | as long as short |
| OKX BNB-USDT-SWAP | +0.0100% | 8h | 784.20 | −0.018% | $53.3M | $112.2M | 50x | as long as short |
| Arcus BNB-USD | +0.0100% | 1h | 785.20 | +0.109% | $52K | $129K | 10x | as long as short |
| Gate BNB_USDT | +0.0100% | 8h | 784.45 | +0.014% | $36.4M | $58.7M | 75x | as long as short |
| KuCoin BNBUSDTM | +0.0100% | 8h | 784.62 | +0.035% | $27.5M | $10.3M | 75x | as long as short |
| Bitget BNBUSDT | +0.0100% | 8h | 784.03 | −0.040% | $75.9M | $30.9M | 75x | as long as short |
| Backpack BNB_USDC_PERP | +0.0100% | 1h | 784.83 | +0.062% | $2.2M | $6.1M | 40x | as long as short |
| Variational Omni BNB | +0.0100% | 8h | 784.13 | −0.027% | $4.0M | $4.8M | — | as long as short |
| edgeX BNBUSDC | +0.0100% | 4h | 785.38 | +0.132% | $4.1M | $75.1M | 30x | as long as short |
| ApeX Omni BNBUSDT | +0.0100% | 1h | 785.10 | +0.096% | $158K | $439K | 50x | as long as short |
| Polymarket Perps BNB-USD | +0.0100% | 1h | 784.88 | +0.068% | $131K | $954K | 10x | as long as short |
| Derive BNB-PERP | +0.0100% | 1h | 784.80 | +0.058% | $31K | $12K | 10x | as long as short |
| SunX BNB-USDT | +0.0100% | 8h | 785.66 | +0.168% | $12K | $1.5M | 50x | as long as short |
| SoDEX BNB-USD | +0.0100% | 1h | 784.60 | +0.033% | $386K | $994K | 10x | as long as short |
| HTX BNB-USDT | +0.0100% | 8h | 784.67 | +0.042% | $8.0M | $10.0M | 75x | as long as short |
| Paradex BNB-USD-PERP | +0.0100% | 8h | 784.97 | +0.080% | $76K | $17K | 50x | as long as short |
| Extended BNB-USD | +0.0104% | 1h | 784.39 | +0.006% | $1.8M | $6.2M | 50x | as long as short |
| Aevo BNB-PERP | +0.0104% | 1h | 784.97 | +0.080% | $377K | $110K | 10x | as long as short |
| Phoenix BNB | +0.0107% | 1h | 785.13 | +0.100% | $169K | $35K | 10x | as long as short |
| Kalshi KXBNBPERP | +0.0139% | 8h | 785.10 | +0.096% | $154K | $2.7M | 4.8x | as long as short |
| dYdX BNB-USDlong | +0.0141% | 1h | 784.34 | long leg | $159K | $61K | 10x | |
| BloFin BNB-USDT | +0.0174% | 8h | 785.33 | +0.126% | $17.7M | $2.2M | 75x | as long as short |
| GRVT BNB_USDT_Perp | +0.0206% | 8h | 784.96 | +0.079% | $2.9M | $29.3M | 10x | as long as short |
| 01 Exchange BNBUSD | +0.0288% | 1h | 785.88 | +0.196% | $28K | $4K | 10x | as long as short |
| Bulk BNB-USD | +0.0298% | 1h | 785.69 | +0.172% | $637K | $4K | 10x | as long as short |
| Reya BNBRUSDPERP | +0.0323% | 1h | 784.61 | +0.034% | $6K | $3K | 40x | as long as short |
| Deribit BNB_USDC-PERPETUAL | +0.0400% | 1h | 785.13 | +0.101% | $1.5M | $143K | 25x | as long as short |
| RISEx BNB/USDC | +0.0432% | 1h | 785.38 | +0.133% | $1.1M | $909K | 20x | as long as short |
| Hibachi BNB/USDT-P | +0.0496% | 1h | 785.03 | +0.087% | $67K | $39K | 12x | as long as short |
Kraken Futures PF_BNBUSD
Coinbase International BNB-PERP-INTX
Lighter BNB
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
Kalshi KXBNBPERP
BloFin BNB-USDT
GRVT BNB_USDT_Perp
01 Exchange BNBUSD
Bulk BNB-USD
Reya BNBRUSDPERP
Deribit BNB_USDC-PERPETUAL
RISEx BNB/USDC
Hibachi BNB/USDT-P