BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0253%/8h= +27.7% APRnext payment +$0.32 per $10,000 · paid last 24h −0.031%

Price spread now: Injective against Deribit+0.209%7-day average −0.400% · you sell dearer than you buy

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

Long on Deribit Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days−0.431%−$43 on $10k

Price spread, last 3 days (all we have)−0.708%−$71 · spread now +0.209%, 7d avg −0.400%

Together, before fees−1.139%−$114 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and Injective is 0.609% dearer against Deribit than usual: you sell high and buy low: +$61 more if the spread goes back to its 7-day average of −0.400%. Mind the row above: over the last 7 days funding on this pair cost −0.431%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit BNB_USDC-PERPETUAL	803.24	0.0100	pay 0.0013% / 1h	44m 25s	$1.6M	$165K	25x
Short	Injective BNB/USDC PERP	804.92	0.0353	get 0.0044% / 1h	44m 25s	$19K	$526K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against Deribit. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 DeribitbpFee InjectivebpOrdersPrice spread, now +0.209%Rate

Funding earned: $53.18
Price spread: +0.209% → −0.400%: $60.95
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $107.1
Costs to cover: 0.070%
Break-even: from the start

Slippage unknown: Deribit: live order book, 5 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 Deribit live order book, 5 min ago	0.69 bp	6.5 bp −$6	12.3 bp −$123	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 −0.0195% / S +0.0371%	1h	802.78	−0.057%	$48K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	803.00	−0.030%	$4K	$1K	25x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	803.06	−0.022%	$3.0M	$30.0M	10x	as long as short
Kalshi KXBNBPERP	0.0000%	8h	803.30	+0.007%	$122K	$2.5M	4.8x	as long as short
StandX BNB-USD	0.0000%	1h	803.70	+0.057%	$869K	$3.0M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	802.91	−0.041%	$9.8M	—	150x	as long as short
Kraken Futures PF_BNBUSD	+0.0038%	1h	802.71	−0.066%	$2.5M	$910K	50x	as long as short
Variational Omni BNB	+0.0059%	8h	802.25	−0.123%	$4.1M	$5.3M	—	as long as short
BingX BNB-USDT	+0.0068%	8h	802.89	−0.044%	—	$34.6M	—	as long as short
Aster BNBUSDT	+0.0086%	8h	803.40	+0.020%	$6.3M	$18.8M	200x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International BNB-PERP-INTX	+0.0088%	1h	803.99	+0.093%	$608K	$888K	50x	as long as short
Bybit BNBUSDT	+0.0089%	8h	802.30	−0.117%	$138.7M	$82.6M	75x	as long as short
Lighter BNB	+0.0096%	1h	802.79	−0.056%	$2.8M	$4.2M	20x	as long as short
Nado BNB-PERP	+0.0100%	1h	802.49	−0.094%	$1.4M	$2.8M	20x	as long as short
Pacifica BNB	+0.0100%	1h	802.91	−0.041%	$1.2M	$923K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	802.80	−0.055%	$54.9M	$115.1M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	803.00	−0.030%	$52K	$161K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	802.45	−0.098%	$35.9M	$58.3M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	802.76	−0.060%	$28.1M	$10.5M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	802.51	−0.091%	$79.0M	$24.5M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	803.30	+0.008%	$4.2M	$76.9M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	802.77	−0.059%	$158K	$437K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	802.84	−0.050%	$118K	$868K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	802.76	−0.060%	$388K	$593K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	802.91	−0.041%	$32K	$5K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	803.33	+0.011%	$13K	$1.7M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	802.80	−0.055%	$395K	$1.0M	10x	as long as short
Deribit BNB_USDC-PERPETUALlong	+0.0100%	1h	803.24	long leg	$1.6M	$165K	25x
HTX BNB-USDT	+0.0100%	8h	802.95	−0.036%	$8.2M	$7.4M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	803.51	+0.034%	$78K	$19K	50x	as long as short
MEXC BNB_USDT	+0.0102%	8h	803.90	+0.082%	$84.4M	$13.5M	200x	as long as short
Binance BNBUSDT	+0.0103%	8h	803.58	+0.042%	$518.3M	$803.5M	75x	as long as short
Extended BNB-USD	+0.0104%	1h	802.40	−0.105%	$1.9M	$6.1M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	803.02	−0.027%	$386K	$40K	10x	as long as short
Phemex BNBUSDT	+0.0119%	8h	803.35	+0.014%	$70.1M	$51.6M	50x	as long as short
Phoenix BNB	+0.0125%	1h	802.98	−0.032%	$173K	$35K	10x	as long as short
Hyperliquid BNB	+0.0156%	1h	803.53	+0.036%	$51.6M	$21.3M	10x	as long as short
Bulk BNB-USD	+0.0161%	1h	803.45	+0.026%	$649K	$11K	10x	as long as short
RISEx BNB/USDC	+0.0209%	1h	803.11	−0.017%	$1.1M	$1.4M	20x	as long as short
dYdX BNB-USD	+0.0221%	1h	803.00	−0.030%	$170K	$55K	10x	as long as short
BloFin BNB-USDT	+0.0222%	8h	803.39	+0.019%	$18.8M	$3.0M	75x	as long as short
Hibachi BNB/USDT-P	+0.0240%	1h	802.80	−0.055%	$71K	$48K	12x	as long as short
01 Exchange BNBUSD	+0.0312%	1h	803.59	+0.044%	$28K	$1K	10x	as long as short
Reya BNBRUSDPERP	+0.0335%	1h	802.69	−0.069%	$6K	$3K	40x	as long as short
Injective BNB/USDC PERPshort	+0.0353%	1h	804.92	+0.209%	$19K	$526K	30x
Backpack BNB_USDC_PERP	+0.0697%	1h	803.77	+0.066%	$3.0M	$5.3M	40x	as long as short