BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0355%/8h= −38.8% APRnext payment −$0.44 per $10,000 · paid last 24h +0.020%

Price spread now: dYdX against Hibachi+0.069%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Hibachi Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.048%−$5 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropHibachi: Active · farm boardneeds both histories

The price spread pays, funding is against you. dYdX is 0.069% dearer against Hibachi than usual: you sell high and buy low (spread +0.069% now, against zero (this spread has no 7-day history yet)): +$7 on $10k if it goes back. Holding the pair costs −$11 a day in funding at the current rate, which eats that in about 16 hours. At the pace of the last 7 days (−0.048% in total) that is about 10 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.048% in total (about -2.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.44 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hibachi BNB/USDT-P	786.01	0.0432	pay 0.0054% / 1h	7m 18s	$67K	$39K	12x
Short	dYdX BNB-USD	786.56	0.0077	get 0.0010% / 1h	7m 18s	$159K	$61K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against Hibachi. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee HibachibpFee dYdXbpOrdersPrice spread, now +0.069%Rate

Funding earned: −$74.47
Price spread: +0.069% → 0.000%: $6.91
Slippage, 4 orders: no order book: not counted
Fee Hibachi: 4.5 bp × 2 orders: −$9
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$86.56
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: Hibachi: no order-book sample; dYdX: live order book, 47 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 Hibachi no order-book sample	—	—	—	—	—
Sell dYdX live order book, 47 min ago	9.99 bp	17.2 bp −$17	55.0 bp −$550	113.1 bp −$11.3K	168.7 bp −$84.3K

Hibachi: 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	786.44	+0.054%	$46K	—	200x	as long as short
Kraken Futures PF_BNBUSD	−0.0124%	1h	786.80	+0.100%	$2.5M	$1.2M	50x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	786.81	+0.101%	$4K	$42	25x	as long as short
Kalshi KXBNBPERP	0.0000%	8h	787.00	+0.125%	$122K	$2.7M	4.8x	as long as short
StandX BNB-USD	0.0000%	1h	786.49	+0.060%	$848K	$3.1M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	786.52	+0.064%	$9.5M	—	150x	as long as short
Aster BNBUSDT	+0.0021%	8h	787.16	+0.146%	$6.1M	$19.1M	200x	as long as short
BingX BNB-USDC	+0.0033%	8h	786.27	+0.032%	—	$13.4M	—	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.427%	$19K	$789K	30x	as long as short
Phemex BNBUSDT	+0.0040%	8h	787.13	+0.142%	$68.8M	$50.7M	50x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC BNB_USDT	+0.0041%	8h	787.50	+0.189%	$79.8M	$12.1M	200x	as long as short
Binance BNBUSDT	+0.0041%	8h	787.51	+0.190%	$490.2M	$804.1M	75x	as long as short
Coinbase International BNB-PERP-INTX	+0.0072%	1h	788.00	+0.253%	$579K	$1.9M	50x	as long as short
dYdX BNB-USDshort	+0.0077%	1h	786.56	+0.069%	$159K	$61K	10x
Phoenix BNB	+0.0092%	1h	786.26	+0.031%	$169K	$35K	10x	as long as short
Lighter BNB	+0.0096%	1h	786.96	+0.120%	$2.7M	$3.9M	20x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	786.76	+0.095%	$265K	$491K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	786.30	+0.036%	$1.5M	$2.6M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	787.11	+0.139%	$51.6M	$17.5M	10x	as long as short
Pacifica BNB	+0.0100%	1h	786.71	+0.089%	$1.2M	$934K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	786.80	+0.100%	$138.2M	$74.1M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	786.80	+0.100%	$53.4M	$111.7M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	786.90	+0.113%	$52K	$133K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	786.55	+0.068%	$36.1M	$58.3M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	786.56	+0.069%	$27.6M	$10.3M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	786.37	+0.045%	$76.1M	$30.6M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	786.79	+0.099%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	787.00	+0.126%	$4.1M	$4.6M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	786.48	+0.059%	$4.1M	$74.3M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	786.20	+0.024%	$158K	$441K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	786.55	+0.068%	$131K	$956K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	786.83	+0.104%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	787.11	+0.139%	$12K	$1.5M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	786.80	+0.100%	$387K	$1.0M	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	785.98	−0.005%	$8.1M	$9.7M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	786.89	+0.111%	$76K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	786.40	+0.048%	$1.8M	$6.3M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	786.77	+0.096%	$378K	$110K	10x	as long as short
BloFin BNB-USDT	+0.0161%	8h	787.40	+0.176%	$17.7M	$2.2M	75x	as long as short
GRVT BNB_USDT_Perp	+0.0179%	8h	786.55	+0.069%	$2.9M	$28.8M	10x	as long as short
Bulk BNB-USD	+0.0201%	1h	787.88	+0.237%	$639K	$10K	10x	as long as short
01 Exchange BNBUSD	+0.0240%	1h	787.44	+0.181%	$28K	$4K	10x	as long as short
Reya BNBRUSDPERP	+0.0324%	1h	786.39	+0.048%	$6K	$3K	40x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0400%	1h	787.22	+0.153%	$1.5M	$143K	25x	as long as short
RISEx BNB/USDC	+0.0431%	1h	787.00	+0.126%	$1.1M	$907K	20x	as long as short
Hibachi BNB/USDT-Plong	+0.0432%	1h	786.01	long leg	$67K	$39K	12x