Funding you earn now, next payment 23:00 UTC+0.0211%/8h= +23.1% APRpaid last 24h −0.011%
Price spread now: Injective against Gate+0.567%99s7-day average −0.338% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.224%−$22 on $10k
+Price spread, last 3 days (all we have)−1.095%−$110 · spread now +0.567%, 7d avg −0.338%
=Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Injective is 0.905% dearer against Gate than usual: you sell high and buy low: +$90 more if the spread goes back to its 7-day average of −0.338%. Mind the row above: over the last 7 days funding on this pair cost −0.224%, so the current rate has only just turned in your favour. The two prices were read 99 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 | Gate BNB_USDT | 800.55 | 0.0100 | pay 0.0100% / 8h | 59m 39s | $35.8M | $57.3M | 75x |
| Short | Injective BNB/USDC PERP | 805.09 | 0.0311 | get 0.0039% / 1h | 59m 39s | $19K | $789K | 30x |
Gate BNB_USDT
Injective BNB/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against Gate. 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
- $44.25
- Price spread: +0.567% → −0.338%
- $90.46
- Slippage, 4 orders
- no order book: not counted
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- $119.69
- Costs to cover
- 0.150%
- Break-even
- from the start
Slippage unknown: Gate: 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 Gate live order book, 4 min ago | 0.63 bp | 10.0 bp −$10 | 13.1 bp −$131 | 25.6 bp −$2,562 | 51.2 bp −$25.6K |
| 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 −0.0201% / S +0.0372% | 1h | 801.21 | +0.082% | $48K | — | 200x | as long as short |
| Hotstuff BNB-PERP | −0.0080% | 1h | 801.35 | +0.100% | $4K | $1K | 25x | as long as short |
| GRVT BNB_USDT_Perp | 0.0000% | 8h | 800.99 | +0.055% | $3.0M | $28.4M | 10x | as long as short |
| StandX BNB-USD | 0.0000% | 1h | 802.01 | +0.182% | $867K | $2.9M | 30x | as long as short |
| gTrade (Gains Network) BNB/USD | L +0.0008% / S −0.0007% | 1h | 801.25 | +0.087% | $9.8M | — | 150x | as long as short |
| Variational Omni BNB | +0.0031% | 8h | 800.04 | −0.063% | $4.2M | $5.4M | — | as long as short |
| BingX BNB-USDC | +0.0052% | 8h | 800.92 | +0.046% | — | $13.3M | — | as long as short |
| Bybit BNBUSDT | +0.0066% | 8h | 800.50 | −0.006% | $139.2M | $78.6M | 75x | as long as short |
| Lighter BNB | +0.0096% | 1h | 801.34 | +0.099% | $2.8M | $4.1M | 20x | as long as short |
| Coinbase International BNB-PERP-INTX | +0.0096% | 1h | 800.72 | +0.021% | $607K | $998K | 50x | as long as short |
GMX BNB/USD [WBTC.b-USDC]
Hotstuff BNB-PERP
GRVT BNB_USDT_Perp
StandX BNB-USD
gTrade (Gains Network) BNB/USD
Variational Omni BNB
BingX BNB-USDC
Bybit BNBUSDT
Lighter BNB
Coinbase International BNB-PERP-INTXShow all 46 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Nado BNB-PERP | +0.0100% | 1h | 800.87 | +0.040% | $1.4M | $2.7M | 20x | as long as short |
| Pacifica BNB | +0.0100% | 1h | 801.21 | +0.082% | $1.2M | $926K | 20x | as long as short |
| OKX BNB-USDT-SWAP | +0.0100% | 8h | 800.50 | −0.006% | $54.8M | $113.7M | 50x | as long as short |
| Arcus BNB-USD | +0.0100% | 1h | 801.40 | +0.106% | $53K | $134K | 10x | as long as short |
| Gate BNB_USDTlong | +0.0100% | 8h | 800.55 | long leg | $35.8M | $57.3M | 75x | |
| KuCoin BNBUSDTM | +0.0100% | 8h | 800.83 | +0.035% | $28.0M | $10.3M | 75x | as long as short |
| Bitget BNBUSDT | +0.0100% | 8h | 800.63 | +0.010% | $80.8M | $26.7M | 75x | as long as short |
| edgeX BNBUSDC | +0.0100% | 4h | 800.55 | 0.000% | $4.2M | $77.7M | 30x | as long as short |
| ApeX Omni BNBUSDT | +0.0100% | 1h | 800.56 | +0.001% | $161K | $442K | 50x | as long as short |
| Polymarket Perps BNB-USD | +0.0100% | 1h | 801.15 | +0.075% | $119K | $874K | 10x | as long as short |
| Orderly PERP_BNB_USDC | +0.0100% | 8h | 801.16 | +0.076% | $387K | $489K | 50x | as long as short |
| Derive BNB-PERP | +0.0100% | 1h | 801.40 | +0.106% | $32K | $5K | 10x | as long as short |
| SunX BNB-USDT | +0.0100% | 8h | 801.92 | +0.171% | $13K | $1.7M | 50x | as long as short |
| HTX BNB-USDT | +0.0100% | 8h | 800.80 | +0.032% | $8.2M | $7.9M | 75x | as long as short |
| Paradex BNB-USD-PERP | +0.0100% | 8h | 801.71 | +0.145% | $78K | $19K | 50x | as long as short |
| Aster BNBUSDT | +0.0100% | 8h | 801.65 | +0.138% | $6.4M | $18.9M | 200x | as long as short |
| Extended BNB-USD | +0.0104% | 1h | 800.45 | −0.012% | $1.9M | $6.3M | 50x | as long as short |
| Aevo BNB-PERP | +0.0104% | 1h | 801.52 | +0.121% | $385K | $40K | 10x | as long as short |
| SoDEX BNB-USD | +0.0108% | 1h | 801.30 | +0.094% | $394K | $1.0M | 10x | as long as short |
| Kalshi KXBNBPERP | +0.0113% | 8h | 801.50 | +0.119% | $110K | $2.9M | 4.8x | as long as short |
| Phemex BNBUSDT | +0.0114% | 8h | 801.76 | +0.151% | $70.1M | $51.0M | 50x | as long as short |
| MEXC BNB_USDT | +0.0119% | 8h | 801.80 | +0.156% | $83.3M | $13.5M | 200x | as long as short |
| Binance BNBUSDT | +0.0121% | 8h | 801.43 | +0.110% | $501.5M | $818.8M | 75x | as long as short |
| Phoenix BNB | +0.0155% | 1h | 800.77 | +0.027% | $172K | $35K | 10x | as long as short |
| Kraken Futures PF_BNBUSD | +0.0206% | 1h | 801.15 | +0.075% | $2.6M | $970K | 50x | as long as short |
| BloFin BNB-USDT | +0.0239% | 8h | 801.23 | +0.085% | $18.3M | $2.5M | 75x | as long as short |
| Hibachi BNB/USDT-P | +0.0240% | 1h | 800.59 | +0.005% | $71K | $48K | 12x | as long as short |
| RISEx BNB/USDC | +0.0258% | 1h | 801.05 | +0.062% | $1.1M | $1.4M | 20x | as long as short |
| Bulk BNB-USD | +0.0289% | 1h | 801.15 | +0.075% | $651K | $20K | 10x | as long as short |
| Deribit BNB_USDC-PERPETUAL | +0.0300% | 1h | 801.70 | +0.144% | $1.6M | $165K | 25x | as long as short |
| Injective BNB/USDC PERPshort | +0.0311% | 1h | 805.09 | +0.567% | $19K | $789K | 30x | |
| Reya BNBRUSDPERP | +0.0332% | 1h | 800.83 | +0.035% | $6K | $3K | 40x | as long as short |
| dYdX BNB-USD | +0.0369% | 1h | 800.88 | +0.041% | $161K | $62K | 10x | as long as short |
| Hyperliquid BNB | +0.0370% | 1h | 802.03 | +0.185% | $51.9M | $21.6M | 10x | as long as short |
| 01 Exchange BNBUSD | +0.0448% | 1h | 801.71 | +0.145% | $28K | $1K | 10x | as long as short |
| Backpack BNB_USDC_PERP | +0.0556% | 1h | 802.04 | +0.186% | $2.7M | $5.7M | 40x | as long as short |
Nado BNB-PERP
Pacifica BNB
OKX BNB-USDT-SWAP
Arcus BNB-USD
KuCoin BNBUSDTM
Bitget BNBUSDT
edgeX BNBUSDC
ApeX Omni BNBUSDT
Polymarket Perps BNB-USD
Orderly PERP_BNB_USDC
Derive BNB-PERP
SunX BNB-USDT
HTX BNB-USDT
Paradex BNB-USD-PERP
Aster BNBUSDT
Extended BNB-USD
Aevo BNB-PERP
SoDEX BNB-USD
Kalshi KXBNBPERP
Phemex BNBUSDT
MEXC BNB_USDT
Binance BNBUSDT
Phoenix BNB
Kraken Futures PF_BNBUSD
BloFin BNB-USDT
Hibachi BNB/USDT-P
RISEx BNB/USDC
Bulk BNB-USD
Deribit BNB_USDC-PERPETUAL
Reya BNBRUSDPERP
dYdX BNB-USD
Hyperliquid BNB
01 Exchange BNBUSD
Backpack BNB_USDC_PERP