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Funding arb · Price arb /

BNB

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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 03:00 UTC+0.0551%/8h= +60.3% APRnext payment +$0.69 per $10,000 · paid last 24h +0.074%
Price spread now: Hibachi against Injective−2.041%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Long on InjectiveShort on Hibachi
What this pair did over the last
the charts below follow
Funding, last 7 days+0.647%+$65 on $10k
Price spread, last 7 days—no price history on both exchanges yet
Together, before fees—+ Points / potential airdropHibachi: Active · farm boardneeds both histories
Funding pays, the price is against you. Hibachi is 2.041% cheaper against Injective than usual: you would sell low and buy high (spread −2.041% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$204 on $10k: about 12 days of funding at the current rate (+$17 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongInjective BNB/USDC PERP805.090.0033pay 0.0004% / 1h37m 11s$19K$789K30x
ShortHibachi BNB/USDT-P788.660.0584get 0.0073% / 1h37m 11s$67K$38K12x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hibachi 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

Funding earned
$115.64
Price spread: −2.041% → 0.000%
−$204.13
Slippage, 4 orders
no order book: not counted
Fee Injective: 0.01 bp × 2 orders
−$0.02
Fee Hibachi: 4.5 bp × 2 orders
−$9
Net
−$97.51
Costs to cover
0.090%
Break-even
12.9 days
Slippage unknown: Injective: no order-book sample; Hibachi: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Injective no order-book sample—————
Sell Hibachi no order-book sample—————
Injective and Hibachi: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GMX BNB/USD [WBTC.b-USDC]L −0.0167% / S +0.0335%1h788.75−2.029%$46K—200xas long as short
Hotstuff BNB-PERP−0.0080%1h788.57−2.052%$4K$23925xas long as short
StandX BNB-USD0.0000%1h789.05−1.992%$853K$3.2M30xas long as short
gTrade (Gains Network) BNB/USDL +0.0008% / S −0.0007%1h788.77−2.027%$9.6M—150xas long as short
Injective BNB/USDC PERPlong+0.0033%1h805.09long leg$19K$789K30x
Aster BNBUSDT+0.0043%8h789.41−1.948%$6.3M$18.7M200xas long as short
Coinbase International BNB-PERP-INTX+0.0048%1h789.09−1.987%$618K$1.8M50xas long as short
BingX BNB-USDC+0.0057%8h788.87−2.015%—$13.4M—as long as short
Phemex BNBUSDT+0.0068%8h789.35−1.955%$69.1M$51.0M50xas long as short
MEXC BNB_USDT+0.0074%8h789.80−1.899%$80.3M$12.4M200xas long as short
Show all 46 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance BNBUSDT+0.0075%8h789.47−1.940%$493.7M$805.0M75xas long as short
Variational Omni BNB+0.0086%8h787.60−2.173%$4.1M$4.6M—as long as short
Kraken Futures PF_BNBUSD+0.0091%1h788.64−2.043%$2.5M$1.2M50xas long as short
Lighter BNB+0.0096%1h788.98−2.002%$2.7M$3.9M20xas long as short
Orderly PERP_BNB_USDC+0.0100%8h788.79−2.025%$265K$497K50xas long as short
Nado BNB-PERP+0.0100%1h788.80−2.023%$1.5M$2.6M20xas long as short
Hyperliquid BNB+0.0100%1h789.40−1.949%$51.7M$18.1M10xas long as short
Pacifica BNB+0.0100%1h788.55−2.055%$1.2M$908K20xas long as short
Bybit BNBUSDT+0.0100%8h788.80−2.023%$138.7M$77.4M75xas long as short
OKX BNB-USDT-SWAP+0.0100%8h788.70−2.036%$53.5M$112.2M50xas long as short
Arcus BNB-USD+0.0100%1h788.60−2.048%$52K$130K10xas long as short
Gate BNB_USDT+0.0100%8h788.65−2.042%$35.3M$56.9M75xas long as short
KuCoin BNBUSDTM+0.0100%8h788.58−2.051%$27.7M$10.3M75xas long as short
Bitget BNBUSDT+0.0100%8h788.64−2.043%$76.9M$30.0M75xas long as short
Backpack BNB_USDC_PERP+0.0100%1h789.20−1.974%$2.2M$6.1M40xas long as short
edgeX BNBUSDC+0.0100%4h788.57−2.052%$4.1M$76.5M30xas long as short
ApeX Omni BNBUSDT+0.0100%1h789.03−1.995%$159K$440K50xas long as short
Polymarket Perps BNB-USD+0.0100%1h788.76−2.028%$135K$948K10xas long as short
Derive BNB-PERP+0.0100%1h789.03−1.995%$31K$12K10xas long as short
SunX BNB-USDT+0.0100%8h788.89−2.013%$12K$1.6M50xas long as short
HTX BNB-USDT+0.0100%8h789.04−1.993%$8.1M$9.1M75xas long as short
Paradex BNB-USD-PERP+0.0103%8h789.15−1.980%$77K$17K50xas long as short
Extended BNB-USD+0.0104%1h788.44−2.069%$1.8M$5.9M50xas long as short
Aevo BNB-PERP+0.0104%1h788.86−2.015%$379K$110K10xas long as short
Phoenix BNB+0.0107%1h788.63−2.044%$169K$35K10xas long as short
GRVT BNB_USDT_Perp+0.0136%8h789.15−1.980%$2.9M$28.2M10xas long as short
SoDEX BNB-USD+0.0141%1h788.80−2.023%$388K$1.0M10xas long as short
Kalshi KXBNBPERP+0.0187%8h788.90−2.011%$96K$2.8M4.8xas long as short
BloFin BNB-USDT+0.0195%8h789.53−1.933%$18.2M$2.3M75xas long as short
dYdX BNB-USD+0.0237%1h788.16−2.103%$159K$63K10xas long as short
01 Exchange BNBUSD+0.0304%1h789.04−1.994%$28K$4K10xas long as short
Reya BNBRUSDPERP+0.0328%1h788.60−2.049%$6K$3K40xas long as short
RISEx BNB/USDC+0.0361%1h788.79−2.025%$1.1M$1.0M20xas long as short
Bulk BNB-USD+0.0373%1h788.05−2.116%$638K$13K10xas long as short
Deribit BNB_USDC-PERPETUAL+0.0400%1h789.24−1.968%$1.5M$147K25xas long as short
Hibachi BNB/USDT-Pshort+0.0584%1h788.66−2.041%$67K$38K12x