BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0067%/8h= +7.3% APRnext payment +$0.08 per $10,000 · paid last 24h +0.006%

Price spread now: Arcus against Injective−2.284%7-day average +0.255% · you buy dearer than you sell

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

Long on Injective Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.064%+$6 on $10k

Price spread, last 4 days (all we have)+2.839%+$284 · spread now −2.284%, 7d avg +0.255%

Together, before fees+2.903%+$290 on $10k · with fees, hour by hour

Funding pays, the price is against you. Arcus is 2.539% cheaper against Injective than usual: you would sell low and buy high (spread −2.284% now, against its 7-day average of +0.255%). If the spread goes back, that is −$254 on $10k: about 4 months of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective BNB/USDC PERP	805.09	0.0033	pay 0.0004% / 1h	52m 32s	$19K	$789K	30x
Short	Arcus BNB-USD	786.70	0.0100	get 0.0013% / 1h	52m 32s	$52K	$129K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against Injective. 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 InjectivebpFee ArcusbpOrdersPrice spread, now −2.284%Rate

Funding earned: $14
Price spread: −2.284% → +0.255%: −$253.92
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$244.44
Costs to cover: 0.045%
Break-even: 129.2 days

Slippage unknown: Injective: no order-book sample; Arcus: live order book, 50 min ago. 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 Injective no order-book sample	—	—	—	—	—
Sell Arcus live order book, 50 min ago	2.54 bp	10.4 bp −$10	21.7 bp −$217	doesn't fit	doesn't fit

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	786.24	−2.341%	$43K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	786.81	−2.271%	$4K	$42	25x	as long as short
Kraken Futures PF_BNBUSD	−0.0050%	1h	786.29	−2.335%	$2.5M	$1.2M	50x	as long as short
StandX BNB-USD	0.0000%	1h	787.08	−2.237%	$849K	$2.7M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	786.27	−2.337%	$9.5M	—	150x	as long as short
Injective BNB/USDC PERPlong	+0.0033%	1h	805.09	long leg	$19K	$789K	30x
BingX BNB-USDC	+0.0046%	8h	786.45	−2.315%	—	$13.4M	—	as long as short
Aster BNBUSDT	+0.0048%	8h	787.03	−2.244%	$6.1M	$18.8M	200x	as long as short
MEXC BNB_USDT	+0.0056%	8h	787.60	−2.172%	$81.1M	$11.9M	200x	as long as short
Binance BNBUSDT	+0.0056%	8h	787.00	−2.246%	$489.1M	$821.4M	75x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX BNB-USD	+0.0073%	1h	786.61	−2.295%	$159K	$62K	10x	as long as short
Phemex BNBUSDT	+0.0078%	8h	786.89	−2.261%	$68.7M	$51.4M	50x	as long as short
Lighter BNB	+0.0096%	1h	786.62	−2.294%	$2.7M	$3.8M	20x	as long as short
Phoenix BNB	+0.0100%	1h	787.08	−2.237%	$169K	$35K	10x	as long as short
Nado BNB-PERP	+0.0100%	1h	786.25	−2.340%	$1.4M	$2.7M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	787.16	−2.227%	$51.5M	$17.7M	10x	as long as short
Pacifica BNB	+0.0100%	1h	786.66	−2.289%	$1.2M	$934K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	786.42	−2.319%	$138.3M	$74.9M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	786.30	−2.334%	$53.5M	$113.1M	50x	as long as short
Arcus BNB-USDshort	+0.0100%	1h	786.70	−2.284%	$52K	$129K	10x
Gate BNB_USDT	+0.0100%	8h	786.40	−2.321%	$38.1M	$57.4M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	786.11	−2.358%	$27.7M	$10.2M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	786.20	−2.346%	$76.4M	$31.8M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	786.81	−2.271%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	785.70	−2.408%	$4.0M	$4.8M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	786.65	−2.290%	$4.1M	$76.1M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	786.75	−2.278%	$158K	$438K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	786.44	−2.317%	$131K	$953K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	786.29	−2.335%	$264K	$449K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	786.41	−2.321%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	786.78	−2.274%	$12K	$1.5M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	786.50	−2.309%	$387K	$976K	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	786.98	−2.250%	$8.0M	$10.3M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	786.87	−2.263%	$78K	$18K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	786.05	−2.366%	$1.8M	$5.9M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	786.32	−2.331%	$378K	$110K	10x	as long as short
Coinbase International BNB-PERP-INTX	+0.0104%	1h	787.43	−2.194%	$564K	$1.9M	50x	as long as short
Kalshi KXBNBPERP	+0.0117%	8h	786.70	−2.284%	$171K	$2.7M	4.8x	as long as short
BloFin BNB-USDT	+0.0176%	8h	786.80	−2.272%	$17.7M	$2.2M	75x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0200%	1h	786.73	−2.280%	$1.5M	$145K	25x	as long as short
GRVT BNB_USDT_Perp	+0.0226%	8h	787.01	−2.246%	$2.9M	$28.6M	10x	as long as short
Bulk BNB-USD	+0.0230%	1h	786.88	−2.262%	$638K	$831	10x	as long as short
01 Exchange BNBUSD	+0.0272%	1h	787.07	−2.238%	$28K	$4K	10x	as long as short
Reya BNBRUSDPERP	+0.0321%	1h	786.20	−2.346%	$6K	$3K	40x	as long as short
RISEx BNB/USDC	+0.0350%	1h	786.73	−2.280%	$1.1M	$907K	20x	as long as short
Hibachi BNB/USDT-P	+0.0448%	1h	786.98	−2.249%	$67K	$39K	12x	as long as short