Funding you earn now, next payment 00:00 UTC−0.0001%/8h= −0.1% APRnext payment −$0.00 per $10,000 · paid last 24h +0.063%
Price spread now: Bulk against Injective−0.406%7-day average +0.438% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)+0.226%+$23 on $10k
+Price spread, last 3 days (all we have)+0.966%+$97 · spread now −0.406%, 7d avg +0.438%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bulk is 0.844% cheaper against Injective than usual: you would sell low and buy high, −$84 on $10k if it goes back to its 7-day average of +0.438%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Injective BNB/USDC PERP | 805.09 | 0.0306 | pay 0.0038% / 1h | 32m 33s | $19K | $789K | 30x |
| Short | Bulk BNB-USD | 801.82 | 0.0305 | get 0.0038% / 1h | 32m 33s | $651K | $20K | 10x |
Injective BNB/USDC PERP
Bulk BNB-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bulk 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
- −$0.26
- Price spread: −0.406% → +0.438%
- −$84.45
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Bulk: 3.5 bp × 2 orders
- −$7
- Net
- −$91.73
- Costs to cover
- 0.070%
- Break-even
- never at this rate
Slippage unknown: Injective: no order-book sample; Bulk: live order book, 46 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 Bulk live order book, 46 min ago | 0.06 bp | 3.6 bp −$4 | 3.6 bp −$36 | 6.2 bp −$620 | 16.1 bp −$8,052 |
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 | 799.99 | −0.634% | $47K | — | 200x | as long as short |
| Hotstuff BNB-PERP | −0.0080% | 1h | 800.08 | −0.622% | $4K | $1K | 25x | as long as short |
| Kraken Futures PF_BNBUSD | −0.0074% | 1h | 799.70 | −0.669% | $2.5M | $972K | 50x | as long as short |
| GRVT BNB_USDT_Perp | 0.0000% | 8h | 800.99 | −0.509% | $3.0M | $28.0M | 10x | as long as short |
| StandX BNB-USD | 0.0000% | 1h | 800.76 | −0.538% | $865K | $2.9M | 30x | as long as short |
| gTrade (Gains Network) BNB/USD | L +0.0008% / S −0.0007% | 1h | 800.02 | −0.629% | $9.8M | — | 150x | as long as short |
| Variational Omni BNB | +0.0021% | 8h | 799.96 | −0.637% | $4.1M | $5.4M | — | as long as short |
| BingX BNB-USDC | +0.0045% | 8h | 800.06 | −0.625% | — | $13.3M | — | as long as short |
| Bybit BNBUSDT | +0.0049% | 8h | 799.63 | −0.678% | $138.7M | $77.8M | 75x | as long as short |
| Coinbase International BNB-PERP-INTX | +0.0072% | 1h | 800.72 | −0.543% | $607K | $994K | 50x | as long as short |
GMX BNB/USD [WBTC.b-USDC]
Hotstuff BNB-PERP
Kraken Futures PF_BNBUSD
GRVT BNB_USDT_Perp
StandX BNB-USD
gTrade (Gains Network) BNB/USD
Variational Omni BNB
BingX BNB-USDC
Bybit BNBUSDT
Coinbase International BNB-PERP-INTXShow all 46 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster BNBUSDT | +0.0095% | 8h | 800.39 | −0.584% | $6.3M | $19.0M | 200x | as long as short |
| Lighter BNB | +0.0096% | 1h | 800.12 | −0.618% | $2.8M | $4.1M | 20x | as long as short |
| Nado BNB-PERP | +0.0100% | 1h | 799.66 | −0.675% | $1.4M | $2.7M | 20x | as long as short |
| Pacifica BNB | +0.0100% | 1h | 800.09 | −0.621% | $1.2M | $926K | 20x | as long as short |
| OKX BNB-USDT-SWAP | +0.0100% | 8h | 799.70 | −0.669% | $54.5M | $113.0M | 50x | as long as short |
| Arcus BNB-USD | +0.0100% | 1h | 800.40 | −0.583% | $53K | $133K | 10x | as long as short |
| Gate BNB_USDT | +0.0100% | 8h | 799.80 | −0.657% | $35.8M | $57.9M | 75x | as long as short |
| KuCoin BNBUSDTM | +0.0100% | 8h | 799.84 | −0.652% | $28.0M | $10.3M | 75x | as long as short |
| Bitget BNBUSDT | +0.0100% | 8h | 799.55 | −0.688% | $79.3M | $27.4M | 75x | as long as short |
| edgeX BNBUSDC | +0.0100% | 4h | 801.06 | −0.500% | $4.2M | $76.7M | 30x | as long as short |
| ApeX Omni BNBUSDT | +0.0100% | 1h | 801.03 | −0.504% | $161K | $441K | 50x | as long as short |
| Polymarket Perps BNB-USD | +0.0100% | 1h | 799.87 | −0.648% | $117K | $875K | 10x | as long as short |
| Orderly PERP_BNB_USDC | +0.0100% | 8h | 799.88 | −0.647% | $387K | $497K | 50x | as long as short |
| Derive BNB-PERP | +0.0100% | 1h | 800.16 | −0.612% | $32K | $5K | 10x | as long as short |
| SunX BNB-USDT | +0.0100% | 8h | 800.44 | −0.577% | $13K | $1.7M | 50x | as long as short |
| SoDEX BNB-USD | +0.0100% | 1h | 800.10 | −0.620% | $393K | $1.0M | 10x | as long as short |
| HTX BNB-USDT | +0.0100% | 8h | 800.40 | −0.583% | $8.2M | $8.0M | 75x | as long as short |
| Paradex BNB-USD-PERP | +0.0100% | 8h | 800.43 | −0.578% | $78K | $19K | 50x | as long as short |
| Extended BNB-USD | +0.0104% | 1h | 799.52 | −0.692% | $1.8M | $6.5M | 50x | as long as short |
| Aevo BNB-PERP | +0.0104% | 1h | 800.14 | −0.615% | $384K | $40K | 10x | as long as short |
| Phemex BNBUSDT | +0.0112% | 8h | 800.53 | −0.566% | $69.9M | $50.7M | 50x | as long as short |
| Binance BNBUSDT | +0.0116% | 8h | 800.59 | −0.559% | $499.9M | $816.0M | 75x | as long as short |
| MEXC BNB_USDT | +0.0116% | 8h | 800.70 | −0.545% | $83.1M | $13.5M | 200x | as long as short |
| Kalshi KXBNBPERP | +0.0116% | 8h | 800.40 | −0.583% | $110K | $2.9M | 4.8x | as long as short |
| Phoenix BNB | +0.0127% | 1h | 800.57 | −0.561% | $172K | $36K | 10x | as long as short |
| Hyperliquid BNB | +0.0187% | 1h | 800.44 | −0.578% | $51.9M | $21.1M | 10x | as long as short |
| Hibachi BNB/USDT-P | +0.0200% | 1h | 800.34 | −0.590% | $70K | $44K | 12x | as long as short |
| Deribit BNB_USDC-PERPETUAL | +0.0200% | 1h | 800.38 | −0.585% | $1.6M | $165K | 25x | as long as short |
| BloFin BNB-USDT | +0.0237% | 8h | 800.43 | −0.579% | $18.2M | $2.5M | 75x | as long as short |
| RISEx BNB/USDC | +0.0258% | 1h | 800.21 | −0.607% | $1.1M | $1.4M | 20x | as long as short |
| Bulk BNB-USDshort | +0.0305% | 1h | 801.82 | −0.406% | $651K | $20K | 10x | |
| Injective BNB/USDC PERPlong | +0.0306% | 1h | 805.09 | long leg | $19K | $789K | 30x | |
| 01 Exchange BNBUSD | +0.0312% | 1h | 800.68 | −0.548% | $28K | $1K | 10x | as long as short |
| Reya BNBRUSDPERP | +0.0332% | 1h | 799.42 | −0.704% | $6K | $3K | 40x | as long as short |
| dYdX BNB-USD | +0.0395% | 1h | 800.10 | −0.619% | $161K | $62K | 10x | as long as short |
| Backpack BNB_USDC_PERP | +0.0412% | 1h | 800.61 | −0.556% | $2.7M | $5.7M | 40x | as long as short |
Aster BNBUSDT
Lighter BNB
Nado BNB-PERP
Pacifica BNB
OKX BNB-USDT-SWAP
Arcus BNB-USD
Gate BNB_USDT
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
Phemex BNBUSDT
Binance BNBUSDT
MEXC BNB_USDT
Kalshi KXBNBPERP
Phoenix BNB
Hyperliquid BNB
Hibachi BNB/USDT-P
Deribit BNB_USDC-PERPETUAL
BloFin BNB-USDT
RISEx BNB/USDC
01 Exchange BNBUSD
Reya BNBRUSDPERP
dYdX BNB-USD
Backpack BNB_USDC_PERP