BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0031%/8h= +3.4% APRnext payment +$0.04 per $10,000 · paid last 24h +0.105%

Price spread now: dYdX against Injective−1.208%7-day average +0.306% · you buy dearer than you sell

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

Long on Injective Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.632%+$63 on $10k

Price spread, last 3 days (all we have)+1.629%+$163 · spread now −1.208%, 7d avg +0.306%

Together, before fees+2.260%+$226 on $10k · with fees, hour by hour

Funding pays, the price is against you. dYdX is 1.514% cheaper against Injective than usual: you would sell low and buy high (spread −1.208% now, against its 7-day average of +0.306%). If the spread goes back, that is −$151 on $10k: about 5 months of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.632% in total) that is about 17 days.

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	26m 58s	$19K	$789K	30x
Short	dYdX BNB-USD	795.36	0.0064	get 0.0008% / 1h	26m 58s	$161K	$63K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX 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 dYdXbpOrdersPrice spread, now −1.208%Rate

Funding earned: $6.47
Price spread: −1.208% → +0.306%: −$151.37
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$154.92
Costs to cover: 0.100%
Break-even: 174.7 days

Slippage unknown: Injective: no order-book sample; dYdX: live order book, 42 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 dYdX live order book, 42 min ago	14.44 bp	25.1 bp −$25	63.4 bp −$634	113.2 bp −$11.3K	148.8 bp −$74.4K

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 45 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 −0.0167% / S +0.0335%	1h	795.24	−1.224%	$46K	—	200x	as long as short
Kraken Futures PF_BNBUSD	−0.0131%	1h	794.95	−1.259%	$2.5M	$1.0M	50x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	795.75	−1.160%	$4K	$239	25x	as long as short
StandX BNB-USD	0.0000%	1h	795.55	−1.185%	$860K	$3.1M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	795.29	−1.217%	$9.7M	—	150x	as long as short
Variational Omni BNB	+0.0025%	8h	793.33	−1.461%	$4.1M	$4.9M	—	as long as short
Injective BNB/USDC PERPlong	+0.0033%	1h	805.09	long leg	$19K	$789K	30x
Aster BNBUSDT	+0.0038%	8h	795.73	−1.163%	$6.1M	$19.7M	200x	as long as short
Gate BNB_USDT	+0.0042%	8h	795.10	−1.241%	$35.3M	$56.1M	75x	as long as short
Phemex BNBUSDT	+0.0044%	8h	795.63	−1.175%	$69.6M	$50.8M	50x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX BNB-USDT	+0.0050%	8h	795.30	−1.216%	—	$34.9M	—	as long as short
Coinbase International BNB-PERP-INTX	+0.0056%	1h	791.17	−1.729%	$607K	$1.1M	50x	as long as short
GRVT BNB_USDT_Perp	+0.0059%	8h	795.02	−1.251%	$3.0M	$28.4M	10x	as long as short
MEXC BNB_USDT	+0.0064%	8h	795.90	−1.141%	$82.5M	$12.8M	200x	as long as short
Binance BNBUSDT	+0.0064%	8h	795.78	−1.156%	$495.1M	$811.1M	75x	as long as short
dYdX BNB-USDshort	+0.0064%	1h	795.36	−1.208%	$161K	$63K	10x
Phoenix BNB	+0.0088%	1h	795.15	−1.235%	$171K	$36K	10x	as long as short
Lighter BNB	+0.0096%	1h	795.20	−1.228%	$2.8M	$4.0M	20x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	795.14	−1.236%	$384K	$409K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	795.30	−1.216%	$1.4M	$2.7M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	795.67	−1.170%	$52.1M	$19.8M	10x	as long as short
Pacifica BNB	+0.0100%	1h	795.68	−1.169%	$1.2M	$925K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	795.29	−1.217%	$139.1M	$75.8M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	795.10	−1.241%	$53.3M	$110.6M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	795.60	−1.179%	$52K	$134K	10x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	794.92	−1.263%	$27.7M	$10.1M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	794.93	−1.262%	$77.4M	$28.2M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	795.11	−1.240%	$4.1M	$76.6M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	794.74	−1.286%	$160K	$436K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	795.35	−1.210%	$111K	$886K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	795.36	−1.208%	$32K	$9K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	795.80	−1.154%	$12K	$1.6M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	795.20	−1.228%	$391K	$996K	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	794.97	−1.257%	$8.2M	$8.8M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	795.81	−1.153%	$77K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	794.84	−1.273%	$1.7M	$5.8M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	795.25	−1.222%	$382K	$110K	10x	as long as short
RISEx BNB/USDC	+0.0131%	1h	795.69	−1.167%	$1.1M	$1.2M	20x	as long as short
Kalshi KXBNBPERP	+0.0159%	8h	795.60	−1.179%	$112K	$2.7M	4.8x	as long as short
Bulk BNB-USD	+0.0175%	1h	792.60	−1.551%	$642K	$16K	10x	as long as short
01 Exchange BNBUSD	+0.0256%	1h	795.93	−1.138%	$28K	$2K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	795.67	−1.170%	$1.6M	$160K	25x	as long as short
Reya BNBRUSDPERP	+0.0329%	1h	795.10	−1.241%	$6K	$3K	40x	as long as short
Backpack BNB_USDC_PERP	+0.0391%	1h	795.85	−1.148%	$2.7M	$5.7M	40x	as long as short
Hibachi BNB/USDT-P	+0.0536%	1h	795.00	−1.253%	$68K	$38K	12x	as long as short