Pionexvs
Binance Futures
Funding rates, fees, liquidity and airdrop status compared for perpetual-futures traders.
Funding setups between these venues
Across 33 liquid markets shared by Binance Futures and Pionex, no setup covered entry and exit over the past 7 days: the best, $QNT (long Binance Futures, short Pionex), paid 5.9% APR over 7 days, -4.6% after costs.
33 common liquid markets. Ranked by what the setup actually paid over 7 days after entry and exit costs β not by the instantaneous APR.
PionexBinance FuturesBinance FuturesPionexBinance FuturesPionexβ7d avgβ is the funding spread the pair actually paid over the last 7 days. βAfter costsβ subtracts taker fees for opening and closing both legs over a 7-day hold. βHoldsβ is the share of hours the spread kept the same sign and at least 5% APR.
| Pionex | Binance Futures | |
|---|---|---|
| Type | CEX | CEX |
| Taker fee | 0.05% | 0.05% |
| Maker fee | 0.02% | 0.02% |
| Open Interest | $358.7M | $26.81Bβ |
| 24h Volume | $3.19B | $19.02Bβ |
| Avg Funding APR | 7.53% | 7.00% |
| Markets | 432 | 538β |
| Airdrop / token | Listed | Listed |
Pionex and Binance Futures are both perpetual-futures venues tracked on ORBIT. On fees, both charge the same 0.05% taker. On liquidity, Binance Futures is deeper with $26.81B open interest, which means less slippage at size.
For a funding-arbitrage trader the practical answer is rarely βone or the otherβ β you often use both, going long on whichever venue has the lower funding for a given asset and short on the other. Open the Funding Screener to see where Pionex and Binance Futures diverge right now, then verify the pair in the backtester.
Frequently asked questions
- Which funding setup between Pionex and Binance Futures pays most?
- Across 33 liquid markets shared by Binance Futures and Pionex, no setup covered entry and exit over the past 7 days: the best, $QNT (long Binance Futures, short Pionex), paid 5.9% APR over 7 days, -4.6% after costs. Ranking is by the 7-day payout after costs, not by the instantaneous APR.
- Is Pionex or Binance Futures cheaper?
- Pionex charges 0.05% taker / 0.02% maker; Binance Futures charges 0.05% taker / 0.02% maker. Both are equal on taker fee, which matters most for funding arbitrage since entries and exits are taker orders.
- Which has deeper liquidity, Pionex or Binance Futures?
- Pionex has $358.7M open interest across 432 markets; Binance Futures has $26.81B across 538. Binance Futures is deeper, which means lower slippage at size.
- Can I run funding arbitrage between Pionex and Binance Futures?
- Yes β when an asset's funding diverges between the two, go long on the lower-funding venue and short on the higher one. Find live divergences on the ORBIT screener and backtest the exact pair before sizing it.