Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.005%
Price spread now: Orderly against SoDEX−0.025%7-day average +0.011% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)−0.009%−$1 on $10k
+Price spread, last 3 days (all we have)+0.046%+$5 · spread now −0.025%, 7d avg +0.011%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Orderly is 0.037% cheaper against SoDEX than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.011%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | SoDEX BNB-USD | 793.40 | 0.0100 | pay 0.0013% / 1h | 18m 59s | $390K | $997K | 10x |
| Short | Orderly PERP_BNB_USDC | 793.20 | 0.0100 | get 0.0100% / 8h | 6h 18m | $383K | $409K | 50x |
SoDEX BNB-USD
Orderly PERP_BNB_USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly against SoDEX. 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
- −$0.01
- Price spread: −0.025% → +0.011%
- −$3.67
- Slippage, 4 orders
- no order book: not counted
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- −$17.68
- Costs to cover
- 0.140%
- Break-even
- never at this rate
Slippage unknown: SoDEX: live order book, 65 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 SoDEX live order book, 65 min ago | 0.63 bp | 5.1 bp −$5 | 9.7 bp −$97 | 77.6 bp −$7,761 | doesn't fit |
| 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 45 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 | 793.03 | −0.047% | $46K | — | 200x | as long as short |
| Kraken Futures PF_BNBUSD | −0.0132% | 1h | 793.42 | +0.003% | $2.5M | $1.0M | 50x | as long as short |
| Hotstuff BNB-PERP | −0.0080% | 1h | 793.56 | +0.020% | $4K | $239 | 25x | as long as short |
| StandX BNB-USD | 0.0000% | 1h | 794.40 | +0.126% | $858K | $3.1M | 30x | as long as short |
| gTrade (Gains Network) BNB/USD | L +0.0008% / S −0.0007% | 1h | 793.16 | −0.031% | $9.7M | — | 150x | as long as short |
| Injective BNB/USDC PERP | +0.0033% | 1h | 805.09 | +1.473% | $19K | $789K | 30x | as long as short |
| Aster BNBUSDT | +0.0035% | 8h | 793.70 | +0.037% | $6.1M | $19.7M | 200x | as long as short |
| Variational Omni BNB | +0.0038% | 8h | 794.10 | +0.089% | $4.1M | $4.9M | — | as long as short |
| BingX BNB-USDT | +0.0050% | 8h | 793.54 | +0.018% | — | $34.9M | — | as long as short |
| Gate BNB_USDT | +0.0053% | 8h | 793.50 | +0.013% | $35.4M | $56.5M | 75x | as long as short |
GMX BNB/USD [WBTC.b-USDC]
Kraken Futures PF_BNBUSD
Hotstuff BNB-PERP
StandX BNB-USD
gTrade (Gains Network) BNB/USD
Injective BNB/USDC PERP
Aster BNBUSDT
Variational Omni BNB
BingX BNB-USDT
Gate BNB_USDTShow all 45 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International BNB-PERP-INTX | +0.0056% | 1h | 795.53 | +0.268% | $610K | $1.1M | 50x | as long as short |
| Phemex BNBUSDT | +0.0059% | 8h | 793.80 | +0.050% | $69.4M | $50.7M | 50x | as long as short |
| MEXC BNB_USDT | +0.0062% | 8h | 794.30 | +0.113% | $82.5M | $12.8M | 200x | as long as short |
| Binance BNBUSDT | +0.0062% | 8h | 794.35 | +0.120% | $494.1M | $810.1M | 75x | as long as short |
| GRVT BNB_USDT_Perp | +0.0070% | 8h | 795.62 | +0.280% | $3.0M | $28.5M | 10x | as long as short |
| dYdX BNB-USD | +0.0075% | 1h | 792.94 | −0.058% | $160K | $63K | 10x | as long as short |
| Phoenix BNB | +0.0088% | 1h | 794.99 | +0.200% | $171K | $36K | 10x | as long as short |
| Lighter BNB | +0.0096% | 1h | 793.52 | +0.015% | $2.8M | $4.0M | 20x | as long as short |
| Orderly PERP_BNB_USDCshort | +0.0100% | 8h | 793.20 | −0.025% | $383K | $409K | 50x | |
| Nado BNB-PERP | +0.0100% | 1h | 793.05 | −0.044% | $1.4M | $2.7M | 20x | as long as short |
| Hyperliquid BNB | +0.0100% | 1h | 794.16 | +0.096% | $52.0M | $19.3M | 10x | as long as short |
| Pacifica BNB | +0.0100% | 1h | 793.40 | 0.000% | $1.2M | $915K | 20x | as long as short |
| Bybit BNBUSDT | +0.0100% | 8h | 793.70 | +0.038% | $138.7M | $75.6M | 75x | as long as short |
| OKX BNB-USDT-SWAP | +0.0100% | 8h | 793.50 | +0.013% | $53.2M | $110.2M | 50x | as long as short |
| Arcus BNB-USD | +0.0100% | 1h | 793.40 | 0.000% | $52K | $134K | 10x | as long as short |
| KuCoin BNBUSDTM | +0.0100% | 8h | 793.20 | −0.025% | $27.7M | $10.1M | 75x | as long as short |
| Bitget BNBUSDT | +0.0100% | 8h | 793.30 | −0.013% | $77.3M | $28.1M | 75x | as long as short |
| edgeX BNBUSDC | +0.0100% | 4h | 794.91 | +0.190% | $4.1M | $76.8M | 30x | as long as short |
| ApeX Omni BNBUSDT | +0.0100% | 1h | 794.60 | +0.151% | $160K | $436K | 50x | as long as short |
| Polymarket Perps BNB-USD | +0.0100% | 1h | 793.27 | −0.016% | $111K | $886K | 10x | as long as short |
| Derive BNB-PERP | +0.0100% | 1h | 793.37 | −0.003% | $32K | $9K | 10x | as long as short |
| SunX BNB-USDT | +0.0100% | 8h | 793.91 | +0.064% | $13K | $1.6M | 50x | as long as short |
| SoDEX BNB-USDlong | +0.0100% | 1h | 793.40 | long leg | $390K | $997K | 10x | |
| HTX BNB-USDT | +0.0100% | 8h | 793.07 | −0.042% | $8.1M | $8.9M | 75x | as long as short |
| Paradex BNB-USD-PERP | +0.0100% | 8h | 793.91 | +0.065% | $77K | $17K | 50x | as long as short |
| Extended BNB-USD | +0.0104% | 1h | 792.99 | −0.051% | $1.7M | $5.8M | 50x | as long as short |
| Aevo BNB-PERP | +0.0104% | 1h | 793.43 | +0.003% | $381K | $110K | 10x | as long as short |
| RISEx BNB/USDC | +0.0131% | 1h | 793.55 | +0.019% | $1.1M | $1.1M | 20x | as long as short |
| Kalshi KXBNBPERP | +0.0154% | 8h | 793.80 | +0.050% | $113K | $2.7M | 4.8x | as long as short |
| Bulk BNB-USD | +0.0195% | 1h | 795.93 | +0.318% | $644K | $16K | 10x | as long as short |
| 01 Exchange BNBUSD | +0.0256% | 1h | 793.83 | +0.054% | $28K | $3K | 10x | as long as short |
| Deribit BNB_USDC-PERPETUAL | +0.0300% | 1h | 793.80 | +0.051% | $1.6M | $160K | 25x | as long as short |
| Reya BNBRUSDPERP | +0.0328% | 1h | 793.04 | −0.045% | $6K | $3K | 40x | as long as short |
| Backpack BNB_USDC_PERP | +0.0385% | 1h | 794.37 | +0.122% | $2.7M | $5.7M | 40x | as long as short |
| Hibachi BNB/USDT-P | +0.0528% | 1h | 794.78 | +0.174% | $68K | $38K | 12x | as long as short |
Coinbase International BNB-PERP-INTX
Phemex BNBUSDT
MEXC BNB_USDT
Binance BNBUSDT
GRVT BNB_USDT_Perp
dYdX BNB-USD
Phoenix BNB
Lighter BNB
Nado BNB-PERP
Hyperliquid BNB
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
HTX BNB-USDT
Paradex BNB-USD-PERP
Extended BNB-USD
Aevo BNB-PERP
RISEx BNB/USDC
Kalshi KXBNBPERP
Bulk BNB-USD
01 Exchange BNBUSD
Deribit BNB_USDC-PERPETUAL
Reya BNBRUSDPERP
Backpack BNB_USDC_PERP
Hibachi BNB/USDT-P