Funding you earn now, next payment 02:00 UTC−0.0432%/8h= −47.3% APRpaid last 24h −0.077%
Price spread now: Phemex against Hibachi−0.091%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.541%−$54 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work against this trade now: funding costs −$13 a day on $10k at the current rate, and Phemex is 0.091% cheaper against Hibachi than usual: you would sell low and buy high (−$9 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hibachi BNB/USDT-P | 791.98 | 0.0512 | pay 0.0064% / 1h | 38m 08s | $68K | $38K | 12x |
| Short | Phemex BNBUSDT | 791.26 | 0.0080 | get 0.0080% / 8h | 6h 38m | $69.2M | $50.5M | 50x |
Hibachi BNB/USDT-P
Phemex BNBUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against Hibachi. 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
- −$90.68
- Price spread: −0.091% → 0.000%
- −$9.09
- Slippage, 4 orders
- no order book: not counted
- Fee Hibachi: 4.5 bp × 2 orders
- −$9
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$120.77
- Costs to cover
- 0.210%
- Break-even
- never at this rate
Slippage unknown: Hibachi: no order-book sample; Phemex: live order book, 6 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 Phemex live order book, 6 min ago | 0.63 bp | 6.8 bp −$7 | 7.3 bp −$73 | 11.2 bp −$1,122 | doesn't fit |
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 −0.0167% / S +0.0335% | 1h | 790.83 | −0.146% | $46K | — | 200x | as long as short |
| Kraken Futures PF_BNBUSD | −0.0132% | 1h | 790.64 | −0.169% | $2.5M | $1.0M | 50x | as long as short |
| Hotstuff BNB-PERP | −0.0080% | 1h | 791.72 | −0.033% | $4K | $239 | 25x | as long as short |
| Gate BNB_USDT | −0.0008% | 8h | 790.60 | −0.174% | $35.2M | $55.7M | 75x | as long as short |
| StandX BNB-USD | 0.0000% | 1h | 790.95 | −0.130% | $855K | $3.1M | 30x | as long as short |
| gTrade (Gains Network) BNB/USD | L +0.0008% / S −0.0007% | 1h | 790.88 | −0.139% | $9.6M | — | 150x | as long as short |
| Variational Omni BNB | +0.0016% | 8h | 791.83 | −0.019% | $4.1M | $5.0M | — | as long as short |
| GRVT BNB_USDT_Perp | +0.0023% | 8h | 792.65 | +0.084% | $3.0M | $28.6M | 10x | as long as short |
| Aster BNBUSDT | +0.0030% | 8h | 791.12 | −0.108% | $6.1M | $19.9M | 200x | as long as short |
| Injective BNB/USDC PERP | +0.0033% | 1h | 805.09 | +1.655% | $19K | $789K | 30x | as long as short |
GMX BNB/USD [WBTC.b-USDC]
Kraken Futures PF_BNBUSD
Hotstuff BNB-PERP
Gate BNB_USDT
StandX BNB-USD
gTrade (Gains Network) BNB/USD
Variational Omni BNB
GRVT BNB_USDT_Perp
Aster BNBUSDT
Injective BNB/USDC PERPShow all 46 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| dYdX BNB-USD | +0.0039% | 1h | 791.10 | −0.112% | $160K | $63K | 10x | as long as short |
| BingX BNB-USDC | +0.0049% | 8h | 790.79 | −0.150% | — | $13.3M | — | as long as short |
| Coinbase International BNB-PERP-INTX | +0.0056% | 1h | 791.17 | −0.102% | $607K | $1.1M | 50x | as long as short |
| MEXC BNB_USDT | +0.0060% | 8h | 791.30 | −0.086% | $82.0M | $12.7M | 200x | as long as short |
| Binance BNBUSDT | +0.0061% | 8h | 791.82 | −0.020% | $492.6M | $817.1M | 75x | as long as short |
| Phemex BNBUSDTshort | +0.0080% | 8h | 791.26 | −0.091% | $69.2M | $50.5M | 50x | |
| Phoenix BNB | +0.0088% | 1h | 793.58 | +0.202% | $171K | $36K | 10x | as long as short |
| Lighter BNB | +0.0096% | 1h | 790.75 | −0.155% | $2.8M | $4.0M | 20x | as long as short |
| Orderly PERP_BNB_USDC | +0.0100% | 8h | 790.70 | −0.162% | $382K | $409K | 50x | as long as short |
| Nado BNB-PERP | +0.0100% | 1h | 791.30 | −0.086% | $1.4M | $2.7M | 20x | as long as short |
| Pacifica BNB | +0.0100% | 1h | 791.57 | −0.051% | $1.2M | $926K | 20x | as long as short |
| Bybit BNBUSDT | +0.0100% | 8h | 791.30 | −0.086% | $138.0M | $77.3M | 75x | as long as short |
| OKX BNB-USDT-SWAP | +0.0100% | 8h | 791.10 | −0.111% | $53.0M | $111.0M | 50x | as long as short |
| Arcus BNB-USD | +0.0100% | 1h | 791.30 | −0.086% | $52K | $134K | 10x | as long as short |
| KuCoin BNBUSDTM | +0.0100% | 8h | 790.45 | −0.193% | $27.5M | $10.0M | 75x | as long as short |
| Bitget BNBUSDT | +0.0100% | 8h | 790.59 | −0.176% | $77.0M | $28.4M | 75x | as long as short |
| edgeX BNBUSDC | +0.0100% | 4h | 793.83 | +0.234% | $4.1M | $76.7M | 30x | as long as short |
| ApeX Omni BNBUSDT | +0.0100% | 1h | 794.01 | +0.256% | $160K | $436K | 50x | as long as short |
| Polymarket Perps BNB-USD | +0.0100% | 1h | 791.06 | −0.116% | $110K | $889K | 10x | as long as short |
| Derive BNB-PERP | +0.0100% | 1h | 790.76 | −0.154% | $31K | $9K | 10x | as long as short |
| SunX BNB-USDT | +0.0100% | 8h | 791.67 | −0.039% | $13K | $1.6M | 50x | as long as short |
| SoDEX BNB-USD | +0.0100% | 1h | 790.70 | −0.162% | $389K | $995K | 10x | as long as short |
| HTX BNB-USDT | +0.0100% | 8h | 790.58 | −0.177% | $8.1M | $8.7M | 75x | as long as short |
| Paradex BNB-USD-PERP | +0.0100% | 8h | 791.55 | −0.054% | $77K | $17K | 50x | as long as short |
| Hyperliquid BNB | +0.0102% | 1h | 791.53 | −0.057% | $51.9M | $19.8M | 10x | as long as short |
| Extended BNB-USD | +0.0104% | 1h | 790.31 | −0.210% | $1.7M | $5.9M | 50x | as long as short |
| Aevo BNB-PERP | +0.0104% | 1h | 790.65 | −0.168% | $380K | $110K | 10x | as long as short |
| RISEx BNB/USDC | +0.0131% | 1h | 791.17 | −0.102% | $1.1M | $1.3M | 20x | as long as short |
| Kalshi KXBNBPERP | +0.0163% | 8h | 791.20 | −0.098% | $111K | $2.8M | 4.8x | as long as short |
| Bulk BNB-USD | +0.0167% | 1h | 793.21 | +0.155% | $644K | $10K | 10x | as long as short |
| BloFin BNB-USDT | +0.0182% | 8h | 794.06 | +0.263% | $18.1M | $2.5M | 75x | as long as short |
| 01 Exchange BNBUSD | +0.0240% | 1h | 791.49 | −0.062% | $28K | $2K | 10x | as long as short |
| Reya BNBRUSDPERP | +0.0329% | 1h | 790.81 | −0.148% | $6K | $3K | 40x | as long as short |
| Backpack BNB_USDC_PERP | +0.0399% | 1h | 791.67 | −0.039% | $2.7M | $5.7M | 40x | as long as short |
| Deribit BNB_USDC-PERPETUAL | +0.0400% | 1h | 791.10 | −0.112% | $1.5M | $161K | 25x | as long as short |
| Hibachi BNB/USDT-Plong | +0.0512% | 1h | 791.98 | long leg | $68K | $38K | 12x |
dYdX BNB-USD
BingX BNB-USDC
Coinbase International BNB-PERP-INTX
MEXC BNB_USDT
Binance BNBUSDT
Phoenix BNB
Lighter BNB
Orderly PERP_BNB_USDC
Nado BNB-PERP
Pacifica BNB
Bybit BNBUSDT
OKX BNB-USDT-SWAP
Arcus BNB-USD
KuCoin BNBUSDTM
Bitget BNBUSDT
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
Hyperliquid BNB
Extended BNB-USD
Aevo BNB-PERP
RISEx BNB/USDC
Kalshi KXBNBPERP
Bulk BNB-USD
BloFin BNB-USDT
01 Exchange BNBUSD
Reya BNBRUSDPERP
Backpack BNB_USDC_PERP
Deribit BNB_USDC-PERPETUAL