BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC−0.0265%/8h= −29.0% APRnext payment −$0.33 per $10,000 · paid last 24h +0.013%

Price spread now: Coinbase International against Injective−0.116%64s7-day average +0.341% · you buy dearer than you sell

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

Long on Injective Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.207%+$21 on $10k

Price spread, last 3 days (all we have)+0.566%+$57 · spread now −0.116%, 7d avg +0.341%

Together, before fees+0.773%+$77 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and Coinbase International is 0.457% cheaper against Injective than usual: you would sell low and buy high (−$46 if the spread goes back to its 7-day average of +0.341%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.207%, so the current rate has only just turned against you. The two prices were read 64 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective BNB/USDC PERP	804.92	0.0353	pay 0.0044% / 1h	47m 25s	$19K	$526K	30x
Short	Coinbase International BNB-PERP-INTX	803.99	0.0088	get 0.0011% / 1h	47m 25s	$608K	$890K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now −0.116%Rate

Funding earned: −$55.7
Price spread: −0.116% → +0.341%: −$45.7
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$111.42
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Injective: no order-book sample; Coinbase International: live order book, 41 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 Coinbase International live order book, 41 min ago	3.05 bp	8.6 bp −$9	14.0 bp −$140	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 −0.0195% / S +0.0371%	1h	802.58	−0.291%	$48K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	803.06	−0.231%	$4K	$1K	25x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	802.69	−0.277%	$3.0M	$30.0M	10x	as long as short
Kalshi KXBNBPERP	0.0000%	8h	803.30	−0.201%	$116K	$2.5M	4.8x	as long as short
StandX BNB-USD	0.0000%	1h	803.32	−0.199%	$868K	$3.0M	30x	as long as short
Deribit BNB_USDC-PERPETUAL	0.0000%	1h	803.13	−0.223%	$1.6M	$167K	25x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	802.61	−0.288%	$9.7M	—	150x	as long as short
Kraken Futures PF_BNBUSD	+0.0038%	1h	802.89	−0.252%	$2.5M	$916K	50x	as long as short
Variational Omni BNB	+0.0063%	8h	802.15	−0.344%	$4.1M	$5.3M	—	as long as short
BingX BNB-USDT	+0.0068%	8h	802.74	−0.271%	—	$34.5M	—	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster BNBUSDT	+0.0086%	8h	803.22	−0.212%	$6.4M	$18.9M	200x	as long as short
Coinbase International BNB-PERP-INTXshort	+0.0088%	1h	803.99	−0.116%	$608K	$890K	50x
Bybit BNBUSDT	+0.0094%	8h	802.03	−0.359%	$138.7M	$82.6M	75x	as long as short
Lighter BNB	+0.0096%	1h	802.79	−0.265%	$2.8M	$4.2M	20x	as long as short
Nado BNB-PERP	+0.0100%	1h	802.43	−0.310%	$1.4M	$2.8M	20x	as long as short
Pacifica BNB	+0.0100%	1h	802.88	−0.253%	$1.2M	$923K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	802.50	−0.301%	$54.9M	$115.1M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	802.70	−0.276%	$52K	$161K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	802.45	−0.307%	$35.9M	$58.2M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	802.55	−0.294%	$28.1M	$10.5M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	802.35	−0.319%	$78.9M	$24.5M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	802.91	−0.249%	$4.2M	$76.9M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	803.32	−0.199%	$158K	$437K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	802.58	−0.291%	$118K	$868K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	802.72	−0.273%	$388K	$593K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	802.85	−0.257%	$32K	$5K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	803.12	−0.224%	$13K	$1.7M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	802.70	−0.276%	$395K	$1.0M	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	802.37	−0.317%	$8.2M	$7.4M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	803.45	−0.183%	$78K	$19K	50x	as long as short
MEXC BNB_USDT	+0.0101%	8h	803.70	−0.152%	$84.3M	$13.5M	200x	as long as short
Binance BNBUSDT	+0.0102%	8h	803.32	−0.199%	$518.2M	$804.3M	75x	as long as short
Extended BNB-USD	+0.0104%	1h	802.36	−0.318%	$1.9M	$6.1M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	802.83	−0.259%	$386K	$40K	10x	as long as short
Phemex BNBUSDT	+0.0121%	8h	803.10	−0.226%	$70.1M	$51.6M	50x	as long as short
Phoenix BNB	+0.0125%	1h	802.78	−0.266%	$173K	$35K	10x	as long as short
Bulk BNB-USD	+0.0161%	1h	803.45	−0.182%	$649K	$11K	10x	as long as short
Hyperliquid BNB	+0.0162%	1h	803.34	−0.196%	$51.6M	$21.3M	10x	as long as short
RISEx BNB/USDC	+0.0209%	1h	803.05	−0.232%	$1.1M	$1.4M	20x	as long as short
dYdX BNB-USD	+0.0209%	1h	802.35	−0.319%	$170K	$55K	10x	as long as short
BloFin BNB-USDT	+0.0222%	8h	802.79	−0.265%	$18.8M	$3.1M	75x	as long as short
Hibachi BNB/USDT-P	+0.0248%	1h	802.53	−0.297%	$71K	$48K	12x	as long as short
01 Exchange BNBUSD	+0.0312%	1h	803.48	−0.179%	$28K	$1K	10x	as long as short
Reya BNBRUSDPERP	+0.0335%	1h	802.43	−0.309%	$6K	$3K	40x	as long as short
Injective BNB/USDC PERPlong	+0.0353%	1h	804.92	long leg	$19K	$526K	30x
Backpack BNB_USDC_PERP	+0.0698%	1h	803.87	−0.130%	$3.0M	$5.3M	40x	as long as short