How to trade BNB (BNB)
On BRVX, BNB is a BNB/USDT perpetual: go long or short with 5x–100x leverage and pay 0.05% to open. You trade the BNB price only, and you can also use BNB itself as margin.
- 100x Max leverage on BNB
- 0.05% Fee per side on BNB
- 0.0023% / 0.0023% Funding long / short on BNB
- 6 Margin tokens for BNB
BNB guide contents
What a BNB perpetual is
BNB is the token of BNB Chain and the Binance ecosystem, used for fees, launches and discounts. Its price leans on the health of that ecosystem more than most coins lean on any one company.
The BRVX perp mirrors the BNB price without expiry and without any token transfer.
BNB Chain's burns remove tokens on a quarterly schedule tied to a public formula, plus a real-time burn of part of gas fees. Both reduce supply, so a long-term BNB holder gains from them without doing anything.
What moves the BNB price
BNB follows ecosystem news.
- Activity on BNB Chain: token launches and trading volume raise demand for gas.
- Regulatory news about Binance, which has moved BNB sharply in both directions.
- Periodic token burns that reduce supply.
Long or short BNB?
A BNB long backs growth of BNB Chain and the Binance ecosystem, plus supply cuts from burns.
A BNB short hedges or bets against regulatory pressure on the ecosystem the token depends on.
Opening a BNB long or short on BRVX
Select BNB · USDT
Find BNB in the crypto list of the pair selector.
Size the BNB position
Enter margin — BNB holders can post BNB directly — and choose leverage up to 100x.
BNB: Buy or Sell
Buy to go long, Sell to go short; set TP / SL Triggers if you want automatic exits. Orders execute at market.
Hold or close BNB
Close from Positions; funding runs 0.0023% per hour while open.
Leverage works both ways: a small move against you can lose you the whole margin.
When BNB trades
BNB trades 24/7 on BRVX. Using BNB as margin for a BNB short partly hedges itself: the margin loses value when the short gains.
BNB example: a 5% move
Here is $100 margin at 10x through a 5% BNB move, with the fee and a day of funding at the live BNB rates.
BNB worked example
| BNB trade | Amount |
|---|---|
| BNB margin | $100 |
| BNB leverage | 10x |
| BNB position size | $1,000 |
| BNB fee, open + close | $1.00 |
| BNB funding per 24 h, long / short | $0.55 / $0.55 |
| BNB +5% | BNB long +$50.00 (+50% of margin), BNB short −$50.00 |
| BNB −5% | BNB long −$50.00, BNB short +$50.00 (+50% of margin) |
| BNB liquidation | not modelled |
BNB risks to know
- News about a single company can move it more than the wider market.
- If BNB is both your margin and your trade, a drop hits a long twice.
- Funding applies to both sides every hour.
BNB has one large concentration risk.
BNB FAQ
Can I short BNB?
Yes. Sell on BNB · USDT opens a short.
Can I use BNB as margin?
Yes. BNB is one of six margin tokens: USDT, USDC, BTC, ETH, SOL and BNB.
What are BNB trading fees on BRVX?
0.05% to open and 0.05% to close, plus funding every hour.
What is the max leverage on BNB?
100x; the minimum is 5x.
Does using BNB as margin change my risk?
Yes. If BNB falls, both your margin value and a BNB long lose at the same time.