Funding you earn now, next payment 22:00 UTC+0.0249%/8h= +27.3% APRnext payment +$0.31 per $10,000 · paid last 24h −0.016%
Price spread now: Injective against Extended+0.385%100s7-day average −0.306% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.305%−$30 on $10k
+Price spread, last 3 days (all we have)−1.039%−$104 · spread now +0.385%, 7d avg −0.306%
=Together, before fees−1.344%+ Points / potential airdropExtended: Active · farm board−$134 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Injective is 0.691% dearer against Extended than usual: you sell high and buy low: +$69 more if the spread goes back to its 7-day average of −0.306%. Mind the row above: over the last 7 days funding on this pair cost −0.305%, so the current rate has only just turned in your favour. The two prices were read 100 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended BNB-USD | 801.83 | 0.0104 | pay 0.0013% / 1h | 49m 30s | $1.9M | $6.1M | 50x |
| Short | Injective BNB/USDC PERP | 804.92 | 0.0353 | get 0.0044% / 1h | 49m 30s | $19K | $526K | 30x |
Extended BNB-USD
Injective BNB/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against Extended. 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
- $52.34
- Price spread: +0.385% → −0.306%
- $69.14
- Slippage, 4 orders
- no order book: not counted
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- $116.45
- Costs to cover
- 0.050%
- Break-even
- from the start
Slippage unknown: Extended: live order book, 4 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 Extended live order book, 4 min ago | 0.69 bp | 3.7 bp −$4 | 5.3 bp −$53 | 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 | 802.40 | +0.071% | $48K | — | 200x | as long as short |
| Hotstuff BNB-PERP | −0.0080% | 1h | 802.82 | +0.123% | $4K | $1K | 25x | as long as short |
| GRVT BNB_USDT_Perp | 0.0000% | 8h | 803.08 | +0.156% | $3.0M | $30.0M | 10x | as long as short |
| Kalshi KXBNBPERP | 0.0000% | 8h | 802.70 | +0.108% | $109K | $2.5M | 4.8x | as long as short |
| StandX BNB-USD | 0.0000% | 1h | 803.33 | +0.187% | $868K | $3.0M | 30x | as long as short |
| Deribit BNB_USDC-PERPETUAL | 0.0000% | 1h | 802.90 | +0.133% | $1.6M | $162K | 25x | as long as short |
| gTrade (Gains Network) BNB/USD | L +0.0008% / S −0.0007% | 1h | 802.47 | +0.080% | $9.7M | — | 150x | as long as short |
| Kraken Futures PF_BNBUSD | +0.0038% | 1h | 802.40 | +0.071% | $2.5M | $916K | 50x | as long as short |
| Variational Omni BNB | +0.0063% | 8h | 802.15 | +0.040% | $4.1M | $5.3M | — | as long as short |
| BingX BNB-USDC | +0.0070% | 8h | 802.31 | +0.060% | — | $13.3M | — | as long as short |
GMX BNB/USD [WBTC.b-USDC]
Hotstuff BNB-PERP
GRVT BNB_USDT_Perp
Kalshi KXBNBPERP
StandX BNB-USD
Deribit BNB_USDC-PERPETUAL
gTrade (Gains Network) BNB/USD
Kraken Futures PF_BNBUSD
Variational Omni BNB
BingX BNB-USDCShow all 46 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster BNBUSDT | +0.0086% | 8h | 802.94 | +0.138% | $6.4M | $18.9M | 200x | as long as short |
| Coinbase International BNB-PERP-INTX | +0.0088% | 1h | 803.99 | +0.269% | $608K | $899K | 50x | as long as short |
| Lighter BNB | +0.0096% | 1h | 802.31 | +0.060% | $2.8M | $4.2M | 20x | as long as short |
| Bybit BNBUSDT | +0.0098% | 8h | 801.80 | −0.004% | $138.8M | $83.5M | 75x | as long as short |
| Nado BNB-PERP | +0.0100% | 1h | 801.89 | +0.008% | $1.4M | $2.8M | 20x | as long as short |
| Pacifica BNB | +0.0100% | 1h | 802.46 | +0.078% | $1.2M | $923K | 20x | as long as short |
| OKX BNB-USDT-SWAP | +0.0100% | 8h | 802.20 | +0.046% | $54.9M | $115.2M | 50x | as long as short |
| Arcus BNB-USD | +0.0100% | 1h | 802.50 | +0.083% | $52K | $191K | 10x | as long as short |
| Gate BNB_USDT | +0.0100% | 8h | 801.95 | +0.015% | $35.9M | $58.2M | 75x | as long as short |
| KuCoin BNBUSDTM | +0.0100% | 8h | 802.22 | +0.048% | $28.1M | $10.5M | 75x | as long as short |
| Bitget BNBUSDT | +0.0100% | 8h | 801.77 | −0.008% | $78.9M | $24.5M | 75x | as long as short |
| edgeX BNBUSDC | +0.0100% | 4h | 803.76 | +0.240% | $4.2M | $76.8M | 30x | as long as short |
| ApeX Omni BNBUSDT | +0.0100% | 1h | 803.32 | +0.186% | $158K | $437K | 50x | as long as short |
| Polymarket Perps BNB-USD | +0.0100% | 1h | 802.18 | +0.043% | $118K | $869K | 10x | as long as short |
| Orderly PERP_BNB_USDC | +0.0100% | 8h | 802.42 | +0.073% | $388K | $595K | 50x | as long as short |
| Derive BNB-PERP | +0.0100% | 1h | 802.58 | +0.093% | $32K | $5K | 10x | as long as short |
| SunX BNB-USDT | +0.0100% | 8h | 803.48 | +0.205% | $13K | $1.7M | 50x | as long as short |
| SoDEX BNB-USD | +0.0100% | 1h | 802.40 | +0.071% | $395K | $1.0M | 10x | as long as short |
| HTX BNB-USDT | +0.0100% | 8h | 802.47 | +0.079% | $8.2M | $7.4M | 75x | as long as short |
| Paradex BNB-USD-PERP | +0.0100% | 8h | 802.90 | +0.134% | $78K | $19K | 50x | as long as short |
| MEXC BNB_USDT | +0.0102% | 8h | 803.40 | +0.196% | $84.3M | $13.5M | 200x | as long as short |
| Binance BNBUSDT | +0.0102% | 8h | 802.83 | +0.125% | $517.9M | $807.2M | 75x | as long as short |
| Extended BNB-USDlong | +0.0104% | 1h | 801.83 | long leg | $1.9M | $6.1M | 50x | |
| Aevo BNB-PERP | +0.0104% | 1h | 802.49 | +0.082% | $385K | $40K | 10x | as long as short |
| Phemex BNBUSDT | +0.0123% | 8h | 802.97 | +0.142% | $70.1M | $51.6M | 50x | as long as short |
| Phoenix BNB | +0.0125% | 1h | 803.11 | +0.159% | $173K | $35K | 10x | as long as short |
| Bulk BNB-USD | +0.0161% | 1h | 803.45 | +0.202% | $649K | $11K | 10x | as long as short |
| Hyperliquid BNB | +0.0161% | 1h | 802.90 | +0.133% | $51.6M | $21.3M | 10x | as long as short |
| RISEx BNB/USDC | +0.0209% | 1h | 802.63 | +0.100% | $1.1M | $1.4M | 20x | as long as short |
| dYdX BNB-USD | +0.0216% | 1h | 802.35 | +0.065% | $170K | $55K | 10x | as long as short |
| BloFin BNB-USDT | +0.0222% | 8h | 803.27 | +0.179% | $18.8M | $3.1M | 75x | as long as short |
| Hibachi BNB/USDT-P | +0.0248% | 1h | 802.79 | +0.120% | $71K | $48K | 12x | as long as short |
| 01 Exchange BNBUSD | +0.0320% | 1h | 802.94 | +0.138% | $28K | $1K | 10x | as long as short |
| Reya BNBRUSDPERP | +0.0335% | 1h | 801.97 | +0.017% | $6K | $3K | 40x | as long as short |
| Injective BNB/USDC PERPshort | +0.0353% | 1h | 804.92 | +0.385% | $19K | $526K | 30x | |
| Backpack BNB_USDC_PERP | +0.0671% | 1h | 803.50 | +0.208% | $3.0M | $5.3M | 40x | as long as short |
Aster BNBUSDT
Coinbase International BNB-PERP-INTX
Lighter BNB
Bybit BNBUSDT
Nado BNB-PERP
Pacifica BNB
OKX BNB-USDT-SWAP
Arcus BNB-USD
Gate BNB_USDT
KuCoin BNBUSDTM
Bitget BNBUSDT
edgeX BNBUSDC
ApeX Omni BNBUSDT
Polymarket Perps BNB-USD
Orderly PERP_BNB_USDC
Derive BNB-PERP
SunX BNB-USDT
SoDEX BNB-USD
HTX BNB-USDT
Paradex BNB-USD-PERP
MEXC BNB_USDT
Binance BNBUSDT
Aevo BNB-PERP
Phemex BNBUSDT
Phoenix BNB
Bulk BNB-USD
Hyperliquid BNB
RISEx BNB/USDC
dYdX BNB-USD
BloFin BNB-USDT
Hibachi BNB/USDT-P
01 Exchange BNBUSD
Reya BNBRUSDPERP
Backpack BNB_USDC_PERP