BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0026%/8h= +2.8% APRnext payment +$0.03 per $10,000 · paid last 24h +0.027%

Price spread now: Injective against gTrade (Gains Network)+2.440%65s7-day average −0.155% · you sell dearer than you buy

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

Long on gTrade (Gains Network)Short on Injective

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.086%+$9 on $10k

Price spread, last 4 days (all we have)−2.865%−$286 · spread now +2.440%, 7d avg −0.155%

Together, before fees−2.778%−$278 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Injective is 2.596% dearer against gTrade (Gains Network) than usual: you sell high and buy low: +$260 more if the spread goes back to its 7-day average of −0.155%. The two prices were read 65 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	gTrade (Gains Network) BNB/USD	785.91	L +0.0007% / S −0.0007%	pay 0.0001% / 1h	36m 41s	$9.5M	—	150x
Short	Injective BNB/USDC PERP	805.09	0.0033	get 0.0004% / 1h	36m 41s	$19K	$789K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee InjectivebpOrdersPrice spread, now +2.440%Rate

Funding earned: $5.43
Price spread: +2.440% → −0.155%: $259.58
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $254.99
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: gTrade (Gains Network): virtual book (oracle venue), 2 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 gTrade (Gains Network) virtual book (oracle venue), 2 min ago	130.00 bp	135.0 bp −$135	135.0 bp −$1,350	416.8 bp −$41.7K	2253.7 bp −$1.13M
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 −0.0170% / S +0.0337%	1h	786.02	+0.014%	$43K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	786.45	+0.069%	$4K	$42	25x	as long as short
StandX BNB-USD	0.0000%	1h	786.90	+0.126%	$849K	$2.8M	30x	as long as short
gTrade (Gains Network) BNB/USDlong	L +0.0007% / S −0.0007%	1h	785.91	long leg	$9.5M	—	150x
Injective BNB/USDC PERPshort	+0.0033%	1h	805.09	+2.440%	$19K	$789K	30x
Aster BNBUSDT	+0.0049%	8h	786.40	+0.062%	$6.0M	$18.9M	200x	as long as short
BingX BNB-USDC	+0.0053%	8h	785.91	0.000%	—	$13.4M	—	as long as short
MEXC BNB_USDT	+0.0064%	8h	786.90	+0.126%	$81.0M	$12.0M	200x	as long as short
Binance BNBUSDT	+0.0064%	8h	786.32	+0.052%	$489.9M	$814.8M	75x	as long as short
dYdX BNB-USD	+0.0066%	1h	785.68	−0.030%	$159K	$62K	10x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex BNBUSDT	+0.0076%	8h	786.61	+0.089%	$68.8M	$51.0M	50x	as long as short
Coinbase International BNB-PERP-INTX	+0.0080%	1h	786.88	+0.123%	$568K	$1.9M	50x	as long as short
Lighter BNB	+0.0096%	1h	786.03	+0.015%	$2.7M	$3.8M	20x	as long as short
Nado BNB-PERP	+0.0100%	1h	786.00	+0.011%	$1.4M	$2.7M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	786.44	+0.067%	$51.5M	$17.6M	10x	as long as short
Pacifica BNB	+0.0100%	1h	786.13	+0.028%	$1.2M	$933K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	785.50	−0.052%	$138.3M	$75.2M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	785.40	−0.065%	$53.4M	$112.9M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	786.10	+0.024%	$52K	$129K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	785.80	−0.014%	$37.2M	$58.9M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	785.55	−0.046%	$27.6M	$10.2M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	785.65	−0.033%	$76.1M	$31.1M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	786.35	+0.056%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	785.91	0.000%	$4.0M	$4.8M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	786.30	+0.050%	$4.1M	$75.9M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	786.60	+0.088%	$158K	$437K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	785.98	+0.009%	$131K	$949K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	786.14	+0.029%	$264K	$470K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	786.14	+0.029%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	786.53	+0.079%	$13K	$1.5M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	786.30	+0.049%	$387K	$983K	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	786.25	+0.042%	$8.0M	$10.1M	75x	as long as short
Paradex BNB-USD-PERP	+0.0101%	8h	786.57	+0.084%	$78K	$18K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	785.46	−0.058%	$1.8M	$6.1M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	786.13	+0.028%	$378K	$110K	10x	as long as short
Phoenix BNB	+0.0135%	1h	786.77	+0.109%	$169K	$35K	10x	as long as short
Kalshi KXBNBPERP	+0.0137%	8h	786.60	+0.088%	$171K	$2.7M	4.8x	as long as short
BloFin BNB-USDT	+0.0184%	8h	786.49	+0.074%	$17.7M	$2.2M	75x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0200%	1h	786.55	+0.081%	$1.5M	$143K	25x	as long as short
Kraken Futures PF_BNBUSD	+0.0206%	1h	785.95	+0.005%	$2.5M	$1.2M	50x	as long as short
GRVT BNB_USDT_Perp	+0.0229%	8h	787.18	+0.161%	$2.9M	$29.5M	10x	as long as short
01 Exchange BNBUSD	+0.0248%	1h	786.34	+0.055%	$28K	$4K	10x	as long as short
Bulk BNB-USD	+0.0305%	1h	787.08	+0.149%	$638K	$4K	10x	as long as short
Reya BNBRUSDPERP	+0.0322%	1h	785.81	−0.013%	$6K	$3K	40x	as long as short
RISEx BNB/USDC	+0.0438%	1h	786.40	+0.062%	$1.1M	$914K	20x	as long as short
Hibachi BNB/USDT-P	+0.0536%	1h	786.12	+0.027%	$67K	$39K	12x	as long as short