Funding you earn now, next payment 23:00 UTC−0.0230%/8h= −25.2% APRpaid last 24h +0.012%
Price spread now: Bybit against Injective+0.124%7-day average +0.329% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.214%+$21 on $10k
+Price spread, last 3 days (all we have)+0.398%+$40 · spread now +0.124%, 7d avg +0.329%
=Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Bybit is 0.204% cheaper against Injective than usual: you would sell low and buy high (−$20 if the spread goes back to its 7-day average of +0.329%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.214%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Injective BNB/USDC PERP | 805.09 | 0.0311 | pay 0.0039% / 1h | 54m 52s | $19K | $789K | 30x |
| Short | Bybit BNBUSDT | 806.09 | 0.0080 | get 0.0080% / 8h | 1h 54m | $139.5M | $82.0M | 75x |
Injective BNB/USDC PERP
Bybit BNBUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- −$48.39
- Price spread: +0.124% → +0.329%
- −$20.44
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$79.85
- Costs to cover
- 0.110%
- Break-even
- never at this rate
Slippage unknown: Injective: no order-book sample; Bybit: live order book, 4 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 Bybit live order book, 4 min ago | 0.62 bp | 7.0 bp −$7 | 9.3 bp −$93 | 24.0 bp −$2,397 | 144.2 bp −$72.1K |
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 −0.0195% / S +0.0371% | 1h | 806.12 | +0.128% | $49K | — | 200x | as long as short |
| Hotstuff BNB-PERP | −0.0080% | 1h | 806.51 | +0.176% | $4K | $1K | 25x | as long as short |
| GRVT BNB_USDT_Perp | 0.0000% | 8h | 804.83 | −0.032% | $3.0M | $29.4M | 10x | as long as short |
| Kalshi KXBNBPERP | 0.0000% | 8h | 806.30 | +0.150% | $108K | $2.5M | 4.8x | as long as short |
| StandX BNB-USD | 0.0000% | 1h | 804.39 | −0.087% | $869K | $2.8M | 30x | as long as short |
| gTrade (Gains Network) BNB/USD | L +0.0008% / S −0.0007% | 1h | 806.17 | +0.134% | $9.8M | — | 150x | as long as short |
| Hibachi BNB/USDT-P | +0.0016% | 1h | 805.66 | +0.071% | $71K | $48K | 12x | as long as short |
| Variational Omni BNB | +0.0044% | 8h | 805.28 | +0.024% | $4.1M | $5.3M | — | as long as short |
| BingX BNB-USDT | +0.0056% | 8h | 806.43 | +0.166% | — | $34.5M | — | as long as short |
| Bybit BNBUSDTshort | +0.0080% | 8h | 806.09 | +0.124% | $139.5M | $82.0M | 75x |
GMX BNB/USD [WBTC.b-USDC]
Hotstuff BNB-PERP
GRVT BNB_USDT_Perp
Kalshi KXBNBPERP
StandX BNB-USD
gTrade (Gains Network) BNB/USD
Hibachi BNB/USDT-P
Variational Omni BNB
BingX BNB-USDTShow all 46 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter BNB | +0.0096% | 1h | 806.73 | +0.204% | $2.8M | $4.2M | 20x | as long as short |
| Coinbase International BNB-PERP-INTX | +0.0096% | 1h | 805.76 | +0.083% | $608K | $882K | 50x | as long as short |
| Nado BNB-PERP | +0.0100% | 1h | 805.57 | +0.060% | $1.5M | $2.8M | 20x | as long as short |
| Pacifica BNB | +0.0100% | 1h | 806.05 | +0.119% | $1.2M | $925K | 20x | as long as short |
| OKX BNB-USDT-SWAP | +0.0100% | 8h | 806.20 | +0.138% | $55.2M | $116.4M | 50x | as long as short |
| Arcus BNB-USD | +0.0100% | 1h | 806.20 | +0.138% | $53K | $170K | 10x | as long as short |
| Gate BNB_USDT | +0.0100% | 8h | 806.30 | +0.150% | $36.2M | $57.1M | 75x | as long as short |
| KuCoin BNBUSDTM | +0.0100% | 8h | 806.22 | +0.140% | $28.2M | $10.5M | 75x | as long as short |
| Bitget BNBUSDT | +0.0100% | 8h | 806.12 | +0.128% | $79.1M | $24.8M | 75x | as long as short |
| edgeX BNBUSDC | +0.0100% | 4h | 804.99 | −0.013% | $4.2M | $76.2M | 30x | as long as short |
| ApeX Omni BNBUSDT | +0.0100% | 1h | 804.61 | −0.060% | $159K | $437K | 50x | as long as short |
| Polymarket Perps BNB-USD | +0.0100% | 1h | 806.22 | +0.140% | $116K | $870K | 10x | as long as short |
| Orderly PERP_BNB_USDC | +0.0100% | 8h | 806.12 | +0.128% | $390K | $592K | 50x | as long as short |
| Derive BNB-PERP | +0.0100% | 1h | 806.30 | +0.151% | $32K | $5K | 10x | as long as short |
| SunX BNB-USDT | +0.0100% | 8h | 806.55 | +0.182% | $13K | $1.7M | 50x | as long as short |
| Deribit BNB_USDC-PERPETUAL | +0.0100% | 1h | 806.58 | +0.185% | $1.6M | $165K | 25x | as long as short |
| HTX BNB-USDT | +0.0100% | 8h | 806.18 | +0.136% | $8.2M | $7.6M | 75x | as long as short |
| Paradex BNB-USD-PERP | +0.0100% | 8h | 806.54 | +0.180% | $79K | $19K | 50x | as long as short |
| Aster BNBUSDT | +0.0103% | 8h | 807.08 | +0.247% | $6.4M | $18.8M | 200x | as long as short |
| Extended BNB-USD | +0.0104% | 1h | 805.96 | +0.109% | $1.9M | $5.9M | 50x | as long as short |
| Aevo BNB-PERP | +0.0104% | 1h | 806.34 | +0.155% | $387K | $40K | 10x | as long as short |
| MEXC BNB_USDT | +0.0116% | 8h | 807.30 | +0.275% | $84.7M | $13.3M | 200x | as long as short |
| Binance BNBUSDT | +0.0118% | 8h | 807.11 | +0.251% | $521.2M | $805.7M | 75x | as long as short |
| Phoenix BNB | +0.0125% | 1h | 805.95 | +0.107% | $173K | $35K | 10x | as long as short |
| Hyperliquid BNB | +0.0134% | 1h | 807.07 | +0.246% | $51.9M | $22.0M | 10x | as long as short |
| Phemex BNBUSDT | +0.0139% | 8h | 807.08 | +0.247% | $70.4M | $51.9M | 50x | as long as short |
| dYdX BNB-USD | +0.0144% | 1h | 806.44 | +0.168% | $163K | $63K | 10x | as long as short |
| SoDEX BNB-USD | +0.0202% | 1h | 806.20 | +0.138% | $397K | $1.0M | 10x | as long as short |
| Kraken Futures PF_BNBUSD | +0.0205% | 1h | 806.17 | +0.134% | $2.5M | $932K | 50x | as long as short |
| BloFin BNB-USDT | +0.0237% | 8h | 806.74 | +0.205% | $18.8M | $3.1M | 75x | as long as short |
| Bulk BNB-USD | +0.0273% | 1h | 805.26 | +0.021% | $650K | $14K | 10x | as long as short |
| Injective BNB/USDC PERPlong | +0.0311% | 1h | 805.09 | long leg | $19K | $789K | 30x | |
| RISEx BNB/USDC | +0.0318% | 1h | 806.14 | +0.130% | $1.1M | $1.4M | 20x | as long as short |
| Reya BNBRUSDPERP | +0.0333% | 1h | 806.01 | +0.115% | $6K | $3K | 40x | as long as short |
| 01 Exchange BNBUSD | +0.0352% | 1h | 807.11 | +0.251% | $29K | $1K | 10x | as long as short |
| Backpack BNB_USDC_PERP | +0.0714% | 1h | 807.53 | +0.303% | $3.0M | $5.5M | 40x | as long as short |
Lighter BNB
Coinbase International BNB-PERP-INTX
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
Deribit BNB_USDC-PERPETUAL
HTX BNB-USDT
Paradex BNB-USD-PERP
Aster BNBUSDT
Extended BNB-USD
Aevo BNB-PERP
MEXC BNB_USDT
Binance BNBUSDT
Phoenix BNB
Hyperliquid BNB
Phemex BNBUSDT
dYdX BNB-USD
SoDEX BNB-USD
Kraken Futures PF_BNBUSD
BloFin BNB-USDT
Bulk BNB-USD
RISEx BNB/USDC
Reya BNBRUSDPERP
01 Exchange BNBUSD
Backpack BNB_USDC_PERP