BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0346%/8h= −37.9% APRnext payment −$0.43 per $10,000 · paid last 24h −0.013%

Price spread now: gTrade (Gains Network) against Injective−0.102%7-day average +0.353% · you buy dearer than you sell

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

Long on Injective Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.069%−$7 on $10k

Price spread, last 3 days (all we have)+0.615%+$61 · spread now −0.102%, 7d avg +0.353%

Together, before fees+0.545%+$55 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and gTrade (Gains Network) is 0.455% cheaper against Injective than usual: you would sell low and buy high (−$46 if the spread goes back to its 7-day average of +0.353%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.069% in total (about -8.3% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.43 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

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	30m 53s	$19K	$526K	30x
Short	gTrade (Gains Network) BNB/USD	804.10	L +0.0008% / S −0.0007%	get 0.0001% / 1h	30m 53s	$9.8M	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against Injective. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

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 gTrade (Gains Network)bpOrdersPrice spread, now −0.102%Rate

Funding earned: −$72.61
Price spread: −0.102% → +0.353%: −$45.52
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$128.15
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Injective: no order-book sample; gTrade (Gains Network): virtual book (oracle venue), 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 gTrade (Gains Network) virtual book (oracle venue), 3 min ago	130.00 bp	135.0 bp −$135	135.0 bp −$1,350	484.2 bp −$48.4K	3301.4 bp −$1.65M

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	804.07	−0.106%	$48K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	804.19	−0.091%	$4K	$1K	25x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	803.90	−0.127%	$3.0M	$29.3M	10x	as long as short
Kalshi KXBNBPERP	0.0000%	8h	804.50	−0.052%	$112K	$2.5M	4.8x	as long as short
StandX BNB-USD	0.0000%	1h	803.92	−0.124%	$869K	$2.9M	30x	as long as short
gTrade (Gains Network) BNB/USDshort	L +0.0008% / S −0.0007%	1h	804.10	−0.102%	$9.8M	—	150x
Kraken Futures PF_BNBUSD	+0.0038%	1h	804.33	−0.073%	$2.5M	$908K	50x	as long as short
Variational Omni BNB	+0.0051%	8h	802.62	−0.286%	$4.0M	$5.3M	—	as long as short
BingX BNB-USDT	+0.0054%	8h	804.16	−0.094%	—	$34.5M	—	as long as short
Bybit BNBUSDT	+0.0075%	8h	803.80	−0.139%	$139.4M	$82.8M	75x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International BNB-PERP-INTX	+0.0088%	1h	804.19	−0.091%	$609K	$878K	50x	as long as short
Aster BNBUSDT	+0.0089%	8h	804.45	−0.058%	$6.4M	$18.8M	200x	as long as short
Lighter BNB	+0.0096%	1h	804.30	−0.077%	$2.8M	$4.2M	20x	as long as short
Nado BNB-PERP	+0.0100%	1h	803.49	−0.177%	$1.4M	$2.8M	20x	as long as short
Pacifica BNB	+0.0100%	1h	804.04	−0.110%	$1.2M	$923K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	803.90	−0.127%	$55.1M	$115.5M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	804.10	−0.102%	$53K	$165K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	804.10	−0.102%	$35.9M	$58.5M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	803.97	−0.118%	$28.1M	$10.5M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	803.79	−0.140%	$79.1M	$24.5M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	804.49	−0.053%	$4.2M	$76.9M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	804.32	−0.075%	$159K	$439K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	804.09	−0.103%	$118K	$868K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	804.15	−0.096%	$389K	$593K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	804.28	−0.080%	$32K	$5K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	804.48	−0.055%	$13K	$1.7M	50x	as long as short
HTX BNB-USDT	+0.0100%	8h	803.84	−0.134%	$8.2M	$7.4M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	804.48	−0.055%	$79K	$19K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	803.86	−0.132%	$1.9M	$6.1M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	804.35	−0.071%	$386K	$40K	10x	as long as short
MEXC BNB_USDT	+0.0105%	8h	805.10	+0.022%	$84.4M	$13.6M	200x	as long as short
Binance BNBUSDT	+0.0106%	8h	804.85	−0.009%	$519.3M	$803.1M	75x	as long as short
Phemex BNBUSDT	+0.0124%	8h	804.77	−0.019%	$70.2M	$51.7M	50x	as long as short
Phoenix BNB	+0.0125%	1h	803.93	−0.123%	$173K	$35K	10x	as long as short
Hyperliquid BNB	+0.0157%	1h	804.83	−0.011%	$51.7M	$21.3M	10x	as long as short
SoDEX BNB-USD	+0.0169%	1h	804.20	−0.089%	$396K	$1.0M	10x	as long as short
Bulk BNB-USD	+0.0197%	1h	804.34	−0.072%	$650K	$11K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0200%	1h	804.67	−0.031%	$1.6M	$165K	25x	as long as short
RISEx BNB/USDC	+0.0209%	1h	804.10	−0.101%	$1.1M	$1.4M	20x	as long as short
BloFin BNB-USDT	+0.0226%	8h	804.88	−0.005%	$18.8M	$3.1M	75x	as long as short
Hibachi BNB/USDT-P	+0.0248%	1h	804.02	−0.111%	$71K	$48K	12x	as long as short
dYdX BNB-USD	+0.0276%	1h	804.28	−0.080%	$170K	$55K	10x	as long as short
01 Exchange BNBUSD	+0.0328%	1h	804.69	−0.029%	$28K	$1K	10x	as long as short
Reya BNBRUSDPERP	+0.0334%	1h	803.83	−0.135%	$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	+0.0660%	1h	805.11	+0.024%	$3.0M	$5.4M	40x	as long as short