BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0067%/8h= −7.3% APRnext payment −$0.08 per $10,000 · paid last 24h −0.058%

Price spread now: Injective against Hyperliquid+1.630%7-day average −0.320% · you sell dearer than you buy

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

Long on Hyperliquid Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days−0.216%−$22 on $10k

Price spread, last 4 days (all we have)−2.449%−$245 · spread now +1.630%, 7d avg −0.320%

Together, before fees−2.665%+ Points / potential airdropHyperliquid: Season 2 · farm board−$266 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Injective is 1.950% dearer against Hyperliquid than usual: you sell high and buy low (spread +1.630% now, against its 7-day average of −0.320%): +$195 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 3 months.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid BNB	792.18	0.0100	pay 0.0013% / 1h	20m 57s	$51.9M	$17.6M	10x
Short	Injective BNB/USDC PERP	805.09	0.0033	get 0.0004% / 1h	20m 57s	$19K	$789K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against Hyperliquid. 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 HyperliquidbpFee InjectivebpOrdersPrice spread, now +1.630%Rate

Funding earned: −$14
Price spread: +1.630% → −0.320%: $194.97
Slippage, 4 orders: no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $171.95
Costs to cover: 0.090%
Break-even: from the start

Slippage unknown: Hyperliquid: live order book, 13 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 Hyperliquid live order book, 13 min ago	0.25 bp	6.0 bp −$6	doesn't fit	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 −0.0167% / S +0.0335%	1h	791.47	−0.090%	$46K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	792.26	+0.010%	$4K	$239	25x	as long as short
StandX BNB-USD	0.0000%	1h	791.62	−0.071%	$855K	$3.1M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	791.50	−0.086%	$9.7M	—	150x	as long as short
Injective BNB/USDC PERPshort	+0.0033%	1h	805.09	+1.630%	$19K	$789K	30x
Coinbase International BNB-PERP-INTX	+0.0048%	1h	792.03	−0.019%	$615K	$1.8M	50x	as long as short
Aster BNBUSDT	+0.0052%	8h	792.35	+0.021%	$6.3M	$18.7M	200x	as long as short
Phemex BNBUSDT	+0.0056%	8h	792.09	−0.011%	$69.4M	$51.0M	50x	as long as short
BingX BNB-USDC	+0.0059%	8h	791.75	−0.054%	—	$13.4M	—	as long as short
MEXC BNB_USDT	+0.0076%	8h	792.60	+0.053%	$80.5M	$12.5M	200x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance BNBUSDT	+0.0077%	8h	792.11	−0.009%	$495.0M	$797.2M	75x	as long as short
Kraken Futures PF_BNBUSD	+0.0091%	1h	791.32	−0.109%	$2.5M	$1.2M	50x	as long as short
Lighter BNB	+0.0096%	1h	791.74	−0.055%	$2.8M	$3.9M	20x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	791.57	−0.077%	$266K	$498K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	791.95	−0.029%	$1.5M	$2.6M	20x	as long as short
Hyperliquid BNBlong	+0.0100%	1h	792.18	long leg	$51.9M	$17.6M	10x
Pacifica BNB	+0.0100%	1h	792.03	−0.019%	$1.2M	$908K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	791.55	−0.080%	$139.3M	$77.4M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	791.50	−0.086%	$53.7M	$112.2M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	792.20	+0.003%	$52K	$130K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	791.65	−0.067%	$35.4M	$57.2M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	791.38	−0.101%	$27.8M	$10.3M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	791.36	−0.104%	$77.0M	$30.0M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	791.85	−0.042%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	791.30	−0.111%	$4.1M	$4.6M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	790.37	−0.229%	$4.1M	$75.3M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	791.08	−0.139%	$159K	$440K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	791.81	−0.047%	$134K	$951K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	791.77	−0.052%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	792.09	−0.011%	$12K	$1.6M	50x	as long as short
HTX BNB-USDT	+0.0100%	8h	791.68	−0.063%	$8.1M	$9.2M	75x	as long as short
Paradex BNB-USD-PERP	+0.0102%	8h	792.76	+0.073%	$77K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	791.30	−0.111%	$1.8M	$5.9M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	791.53	−0.082%	$380K	$110K	10x	as long as short
Phoenix BNB	+0.0107%	1h	790.63	−0.196%	$170K	$35K	10x	as long as short
SoDEX BNB-USD	+0.0108%	1h	791.70	−0.061%	$389K	$1.0M	10x	as long as short
GRVT BNB_USDT_Perp	+0.0144%	8h	791.54	−0.081%	$3.0M	$28.0M	10x	as long as short
Kalshi KXBNBPERP	+0.0189%	8h	792.20	+0.003%	$83K	$2.8M	4.8x	as long as short
BloFin BNB-USDT	+0.0197%	8h	792.08	−0.013%	$18.2M	$2.2M	75x	as long as short
dYdX BNB-USD	+0.0226%	1h	791.76	−0.053%	$160K	$63K	10x	as long as short
01 Exchange BNBUSD	+0.0296%	1h	792.41	+0.029%	$28K	$4K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	791.99	−0.023%	$1.5M	$143K	25x	as long as short
Reya BNBRUSDPERP	+0.0327%	1h	791.55	−0.080%	$6K	$3K	40x	as long as short
RISEx BNB/USDC	+0.0361%	1h	792.33	+0.019%	$1.1M	$1.0M	20x	as long as short
Bulk BNB-USD	+0.0403%	1h	790.49	−0.213%	$640K	$6K	10x	as long as short
Hibachi BNB/USDT-P	+0.0600%	1h	791.26	−0.116%	$68K	$38K	12x	as long as short