BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0067%/8h= −7.3% APRnext payment −$0.08 per $10,000 · paid last 24h −0.010%

Price spread now: Injective against Arcus+0.964%7-day average −0.424% · you sell dearer than you buy

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

Long on Arcus Short on Injective

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.062%−$6 on $10k

Price spread, last 3 days (all we have)−1.520%−$152 · spread now +0.964%, 7d avg −0.424%

Together, before fees−1.582%−$158 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Injective is 1.389% dearer against Arcus than usual: you sell high and buy low (spread +0.964% now, against its 7-day average of −0.424%): +$139 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 2 months.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus BNB-USD	797.40	0.0100	pay 0.0013% / 1h	18m 24s	$52K	$133K	10x
Short	Injective BNB/USDC PERP	805.09	0.0033	get 0.0004% / 1h	18m 24s	$19K	$789K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against Arcus. 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 ArcusbpFee InjectivebpOrdersPrice spread, now +0.964%Rate

Funding earned: −$14
Price spread: +0.964% → −0.424%: $138.86
Slippage, 4 orders: no order book: not counted
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $120.34
Costs to cover: 0.045%
Break-even: from the start

Slippage unknown: Arcus: live order book, 55 min ago; Injective: 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 Arcus live order book, 55 min ago	6.26 bp	9.7 bp −$10	25.6 bp −$256	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: 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 −0.0159% / S +0.0335%	1h	797.78	+0.048%	$47K	—	200x	as long as short
Kraken Futures PF_BNBUSD	−0.0121%	1h	797.96	+0.071%	$2.5M	$1.0M	50x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	797.57	+0.021%	$4K	$239	25x	as long as short
Gate BNB_USDT	−0.0011%	8h	797.50	+0.013%	$35.9M	$56.8M	75x	as long as short
BingX BNB-USDT	−0.0007%	8h	797.62	+0.028%	—	$35.0M	—	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	798.85	+0.182%	$3.0M	$27.9M	10x	as long as short
StandX BNB-USD	0.0000%	1h	799.12	+0.216%	$864K	$2.9M	30x	as long as short
Variational Omni BNB	+0.0004%	8h	797.72	+0.040%	$4.1M	$5.0M	—	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	797.76	+0.045%	$9.7M	—	150x	as long as short
Bybit BNBUSDT	+0.0013%	8h	797.62	+0.028%	$138.5M	$76.3M	75x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex BNBUSDT	+0.0016%	8h	798.03	+0.079%	$69.7M	$50.2M	50x	as long as short
Injective BNB/USDC PERPshort	+0.0033%	1h	805.09	+0.964%	$19K	$789K	30x
Coinbase International BNB-PERP-INTX	+0.0048%	1h	799.07	+0.209%	$615K	$1.1M	50x	as long as short
Aster BNBUSDT	+0.0053%	8h	797.52	+0.015%	$6.1M	$19.4M	200x	as long as short
Binance BNBUSDT	+0.0075%	8h	798.23	+0.104%	$495.6M	$811.6M	75x	as long as short
MEXC BNB_USDT	+0.0076%	8h	798.30	+0.113%	$83.0M	$13.7M	200x	as long as short
Lighter BNB	+0.0096%	1h	797.32	−0.011%	$2.8M	$4.0M	20x	as long as short
Phoenix BNB	+0.0099%	1h	799.13	+0.217%	$172K	$36K	10x	as long as short
Nado BNB-PERP	+0.0100%	1h	796.70	−0.088%	$1.4M	$2.7M	20x	as long as short
Pacifica BNB	+0.0100%	1h	797.18	−0.028%	$1.2M	$937K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	797.90	+0.063%	$54.1M	$110.9M	50x	as long as short
Arcus BNB-USDlong	+0.0100%	1h	797.40	long leg	$52K	$133K	10x
KuCoin BNBUSDTM	+0.0100%	8h	797.15	−0.031%	$27.9M	$10.0M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	797.47	+0.009%	$78.1M	$28.1M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	798.91	+0.189%	$4.2M	$76.7M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	798.95	+0.194%	$161K	$435K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	797.26	−0.018%	$113K	$884K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	797.96	+0.070%	$386K	$459K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	798.11	+0.088%	$32K	$5K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	798.58	+0.148%	$13K	$1.6M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	798.10	+0.088%	$392K	$997K	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	797.02	−0.048%	$8.2M	$8.3M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	797.64	+0.031%	$78K	$18K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	797.64	+0.030%	$1.8M	$6.0M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	797.98	+0.073%	$383K	$110K	10x	as long as short
Bulk BNB-USD	+0.0138%	1h	797.80	+0.050%	$648K	$10K	10x	as long as short
RISEx BNB/USDC	+0.0155%	1h	797.23	−0.021%	$1.1M	$1.4M	20x	as long as short
Kalshi KXBNBPERP	+0.0156%	8h	798.70	+0.163%	$90K	$2.8M	4.8x	as long as short
BloFin BNB-USDT	+0.0196%	8h	798.72	+0.166%	$18.1M	$2.6M	75x	as long as short
01 Exchange BNBUSD	+0.0200%	1h	797.74	+0.043%	$28K	$1K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0200%	1h	798.41	+0.126%	$1.6M	$161K	25x	as long as short
dYdX BNB-USD	+0.0201%	1h	796.94	−0.058%	$161K	$63K	10x	as long as short
Hibachi BNB/USDT-P	+0.0272%	1h	798.92	+0.190%	$68K	$38K	12x	as long as short
Hyperliquid BNB	+0.0295%	1h	798.27	+0.109%	$53.1M	$20.3M	10x	as long as short
Reya BNBRUSDPERP	+0.0330%	1h	797.06	−0.043%	$6K	$3K	40x	as long as short
Backpack BNB_USDC_PERP	+0.0420%	1h	798.50	+0.138%	$2.7M	$5.7M	40x	as long as short