Funding you earn now, next payment 01:00 UTC+0.0176%/8h= +19.2% APRpaid last 24h +0.043%
Price spread now: BloFin against Injective−0.672%7-day average +0.420% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.398%+$40 on $10k
+Price spread, last 3 days (all we have)+1.145%+$115 · spread now −0.672%, 7d avg +0.420%
=Funding pays, the price is against you. BloFin is 1.092% cheaper against Injective than usual: you would sell low and buy high (spread −0.672% now, against its 7-day average of +0.420%). If the spread goes back, that is −$109 on $10k: about 21 days of funding at the current rate (+$5 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 | 40m 34s | $19K | $789K | 30x |
| Short | BloFin BNB-USDT | 799.68 | 0.0209 | get 0.0209% / 8h | 7h 40m | $18.1M | $2.5M | 75x |
Injective BNB/USDC PERP
BloFin BNB-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Injective. 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
- $36.87
- Price spread: −0.672% → +0.420%
- −$109.23
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$84.38
- Costs to cover
- 0.120%
- Break-even
- 23.0 days
Slippage unknown: Injective: no order-book sample; BloFin: live order book, 3 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 BloFin live order book, 3 min ago | 0.06 bp | 6.1 bp −$6 | 6.4 bp −$64 | 16.1 bp −$1,610 | 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 −0.0201% / S +0.0372% | 1h | 799.14 | −0.739% | $47K | — | 200x | as long as short |
| Kraken Futures PF_BNBUSD | −0.0121% | 1h | 799.01 | −0.755% | $2.5M | $978K | 50x | as long as short |
| BingX BNB-USDT | −0.0094% | 8h | 799.51 | −0.693% | — | $35.2M | — | as long as short |
| Hotstuff BNB-PERP | −0.0080% | 1h | 799.37 | −0.710% | $4K | $239 | 25x | as long as short |
| Bybit BNBUSDT | −0.0061% | 8h | 799.25 | −0.725% | $138.8M | $76.4M | 75x | as long as short |
| GRVT BNB_USDT_Perp | 0.0000% | 8h | 799.99 | −0.634% | $3.0M | $27.6M | 10x | as long as short |
| StandX BNB-USD | 0.0000% | 1h | 799.91 | −0.643% | $864K | $2.9M | 30x | as long as short |
| Phemex BNBUSDT | 0.0000% | 8h | 799.73 | −0.666% | $69.9M | $50.5M | 50x | as long as short |
| Variational Omni BNB | +0.0005% | 8h | 798.83 | −0.778% | $4.1M | $5.3M | — | as long as short |
| gTrade (Gains Network) BNB/USD | L +0.0008% / S −0.0007% | 1h | 799.11 | −0.743% | $9.7M | — | 150x | as long as short |
GMX BNB/USD [WBTC.b-USDC]
Kraken Futures PF_BNBUSD
BingX BNB-USDT
Hotstuff BNB-PERP
Bybit BNBUSDT
GRVT BNB_USDT_Perp
StandX BNB-USD
Phemex BNBUSDT
Variational Omni BNB
gTrade (Gains Network) BNB/USDShow all 46 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective BNB/USDC PERPlong | +0.0033% | 1h | 805.09 | long leg | $19K | $789K | 30x | |
| Coinbase International BNB-PERP-INTX | +0.0048% | 1h | 798.00 | −0.881% | $601K | $979K | 50x | as long as short |
| Aster BNBUSDT | +0.0067% | 8h | 799.57 | −0.686% | $6.2M | $19.2M | 200x | as long as short |
| Gate BNB_USDT | +0.0084% | 8h | 799.30 | −0.719% | $35.7M | $56.0M | 75x | as long as short |
| MEXC BNB_USDT | +0.0088% | 8h | 800.00 | −0.632% | $83.1M | $13.5M | 200x | as long as short |
| Binance BNBUSDT | +0.0089% | 8h | 800.15 | −0.613% | $496.7M | $810.8M | 75x | as long as short |
| Lighter BNB | +0.0096% | 1h | 799.46 | −0.700% | $2.8M | $4.0M | 20x | as long as short |
| Phoenix BNB | +0.0099% | 1h | 798.69 | −0.795% | $172K | $36K | 10x | as long as short |
| Nado BNB-PERP | +0.0100% | 1h | 798.87 | −0.773% | $1.5M | $2.7M | 20x | as long as short |
| Pacifica BNB | +0.0100% | 1h | 799.39 | −0.709% | $1.2M | $925K | 20x | as long as short |
| OKX BNB-USDT-SWAP | +0.0100% | 8h | 799.30 | −0.719% | $54.2M | $110.9M | 50x | as long as short |
| Arcus BNB-USD | +0.0100% | 1h | 799.90 | −0.645% | $53K | $133K | 10x | as long as short |
| KuCoin BNBUSDTM | +0.0100% | 8h | 799.06 | −0.749% | $28.0M | $10.0M | 75x | as long as short |
| Bitget BNBUSDT | +0.0100% | 8h | 799.33 | −0.715% | $78.9M | $27.5M | 75x | as long as short |
| edgeX BNBUSDC | +0.0100% | 4h | 799.75 | −0.663% | $4.2M | $76.2M | 30x | as long as short |
| ApeX Omni BNBUSDT | +0.0100% | 1h | 799.20 | −0.732% | $161K | $435K | 50x | as long as short |
| Polymarket Perps BNB-USD | +0.0100% | 1h | 799.50 | −0.694% | $118K | $871K | 10x | as long as short |
| Orderly PERP_BNB_USDC | +0.0100% | 8h | 799.18 | −0.734% | $386K | $459K | 50x | as long as short |
| Derive BNB-PERP | +0.0100% | 1h | 799.30 | −0.720% | $32K | $5K | 10x | as long as short |
| SunX BNB-USDT | +0.0100% | 8h | 799.60 | −0.682% | $13K | $1.7M | 50x | as long as short |
| SoDEX BNB-USD | +0.0100% | 1h | 799.30 | −0.719% | $393K | $1.0M | 10x | as long as short |
| HTX BNB-USDT | +0.0100% | 8h | 799.24 | −0.727% | $8.2M | $8.1M | 75x | as long as short |
| Paradex BNB-USD-PERP | +0.0100% | 8h | 800.44 | −0.578% | $78K | $18K | 50x | as long as short |
| Extended BNB-USD | +0.0104% | 1h | 799.19 | −0.733% | $1.8M | $6.5M | 50x | as long as short |
| Aevo BNB-PERP | +0.0104% | 1h | 799.08 | −0.747% | $384K | $108K | 10x | as long as short |
| Bulk BNB-USD | +0.0118% | 1h | 798.39 | −0.832% | $648K | $11K | 10x | as long as short |
| Hibachi BNB/USDT-P | +0.0136% | 1h | 799.97 | −0.636% | $70K | $36K | 12x | as long as short |
| RISEx BNB/USDC | +0.0155% | 1h | 799.80 | −0.657% | $1.1M | $1.4M | 20x | as long as short |
| Kalshi KXBNBPERP | +0.0158% | 8h | 799.60 | −0.682% | $90K | $2.8M | 4.8x | as long as short |
| Deribit BNB_USDC-PERPETUAL | +0.0200% | 1h | 799.56 | −0.687% | $1.6M | $160K | 25x | as long as short |
| BloFin BNB-USDTshort | +0.0209% | 8h | 799.68 | −0.672% | $18.1M | $2.5M | 75x | |
| 01 Exchange BNBUSD | +0.0216% | 1h | 800.17 | −0.611% | $28K | $1K | 10x | as long as short |
| dYdX BNB-USD | +0.0283% | 1h | 799.47 | −0.698% | $161K | $63K | 10x | as long as short |
| Hyperliquid BNB | +0.0319% | 1h | 800.30 | −0.595% | $53.2M | $20.9M | 10x | as long as short |
| Reya BNBRUSDPERP | +0.0330% | 1h | 799.21 | −0.730% | $6K | $3K | 40x | as long as short |
| Backpack BNB_USDC_PERP | +0.0401% | 1h | 799.82 | −0.655% | $2.7M | $5.6M | 40x | as long as short |
Coinbase International BNB-PERP-INTX
Aster BNBUSDT
Gate BNB_USDT
MEXC BNB_USDT
Binance BNBUSDT
Lighter BNB
Phoenix BNB
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
SoDEX BNB-USD
HTX BNB-USDT
Paradex BNB-USD-PERP
Extended BNB-USD
Aevo BNB-PERP
Bulk BNB-USD
Hibachi BNB/USDT-P
RISEx BNB/USDC
Kalshi KXBNBPERP
Deribit BNB_USDC-PERPETUAL
01 Exchange BNBUSD
dYdX BNB-USD
Hyperliquid BNB
Reya BNBRUSDPERP
Backpack BNB_USDC_PERP