BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0206%/8h= −22.6% APRnext payment −$0.26 per $10,000 · paid last 24h +0.011%

Price spread now: Pacifica against Injective−0.482%7-day average +0.383% · you buy dearer than you sell

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

Long on Injective Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days+0.296%+$30 on $10k

Price spread, last 3 days (all we have)+1.053%+$105 · spread now −0.482%, 7d avg +0.383%

Together, before fees+1.349%+ Points / potential airdropPacifica: Active · farm board+$135 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Pacifica is 0.865% cheaper against Injective than usual: you would sell low and buy high (−$86 if the spread goes back to its 7-day average of +0.383%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.296%, 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	0.0306	pay 0.0038% / 1h	58m 49s	$19K	$789K	30x
Short	Pacifica BNB	801.21	0.0100	get 0.0013% / 1h	58m 49s	$1.2M	$926K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now −0.482%Rate

Funding earned: −$43.29
Price spread: −0.482% → +0.383%: −$86.49
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$137.79
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: Injective: no order-book sample; Pacifica: live order book, 5 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 Pacifica live order book, 5 min ago	2.00 bp	7.0 bp −$7	9.3 bp −$93	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 −0.0201% / S +0.0372%	1h	800.94	−0.516%	$48K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	801.35	−0.465%	$4K	$1K	25x	as long as short
Kraken Futures PF_BNBUSD	−0.0074%	1h	801.15	−0.489%	$2.6M	$969K	50x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	800.99	−0.509%	$3.0M	$28.4M	10x	as long as short
StandX BNB-USD	0.0000%	1h	802.01	−0.383%	$867K	$2.9M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	800.92	−0.518%	$9.8M	—	150x	as long as short
Variational Omni BNB	+0.0031%	8h	800.04	−0.627%	$4.2M	$5.4M	—	as long as short
BingX BNB-USDC	+0.0052%	8h	801.75	−0.415%	—	$13.3M	—	as long as short
Bybit BNBUSDT	+0.0066%	8h	801.17	−0.487%	$139.3M	$78.6M	75x	as long as short
Coinbase International BNB-PERP-INTX	+0.0072%	1h	800.72	−0.543%	$607K	$998K	50x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter BNB	+0.0096%	1h	801.52	−0.443%	$2.8M	$4.1M	20x	as long as short
Nado BNB-PERP	+0.0100%	1h	800.48	−0.573%	$1.4M	$2.7M	20x	as long as short
Pacifica BNBshort	+0.0100%	1h	801.21	−0.482%	$1.2M	$926K	20x
OKX BNB-USDT-SWAP	+0.0100%	8h	801.40	−0.458%	$54.7M	$113.9M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	801.40	−0.458%	$53K	$134K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	801.15	−0.489%	$35.8M	$57.3M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	801.40	−0.458%	$28.0M	$10.3M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	801.30	−0.471%	$80.9M	$26.7M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	800.55	−0.564%	$4.2M	$77.7M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	800.56	−0.563%	$161K	$442K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	800.78	−0.535%	$119K	$874K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	800.99	−0.509%	$387K	$489K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	801.18	−0.486%	$32K	$5K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	801.40	−0.458%	$13K	$1.7M	50x	as long as short
HTX BNB-USDT	+0.0100%	8h	800.97	−0.512%	$8.2M	$7.9M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	801.71	−0.420%	$78K	$19K	50x	as long as short
Aster BNBUSDT	+0.0100%	8h	802.20	−0.359%	$6.4M	$18.9M	200x	as long as short
Extended BNB-USD	+0.0104%	1h	801.08	−0.498%	$1.9M	$6.3M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	801.34	−0.466%	$385K	$40K	10x	as long as short
Phemex BNBUSDT	+0.0114%	8h	801.43	−0.455%	$70.1M	$51.0M	50x	as long as short
Kalshi KXBNBPERP	+0.0117%	8h	801.10	−0.496%	$109K	$2.9M	4.8x	as long as short
MEXC BNB_USDT	+0.0119%	8h	802.60	−0.309%	$83.4M	$13.5M	200x	as long as short
Binance BNBUSDT	+0.0121%	8h	802.32	−0.344%	$502.1M	$819.0M	75x	as long as short
Phoenix BNB	+0.0155%	1h	800.77	−0.537%	$172K	$34K	10x	as long as short
Hibachi BNB/USDT-P	+0.0240%	1h	800.59	−0.559%	$71K	$48K	12x	as long as short
BloFin BNB-USDT	+0.0241%	8h	801.83	−0.405%	$18.2M	$2.5M	75x	as long as short
SoDEX BNB-USD	+0.0247%	1h	801.30	−0.471%	$394K	$1.0M	10x	as long as short
RISEx BNB/USDC	+0.0258%	1h	801.05	−0.502%	$1.1M	$1.4M	20x	as long as short
Bulk BNB-USD	+0.0289%	1h	801.15	−0.489%	$651K	$20K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	801.56	−0.438%	$1.6M	$165K	25x	as long as short
Injective BNB/USDC PERPlong	+0.0306%	1h	805.09	long leg	$19K	$789K	30x
Reya BNBRUSDPERP	+0.0332%	1h	800.45	−0.576%	$6K	$3K	40x	as long as short
Hyperliquid BNB	+0.0335%	1h	802.28	−0.349%	$51.9M	$21.6M	10x	as long as short
dYdX BNB-USD	+0.0369%	1h	800.88	−0.523%	$161K	$62K	10x	as long as short
Backpack BNB_USDC_PERP	+0.0412%	1h	802.31	−0.345%	$2.7M	$5.7M	40x	as long as short
01 Exchange BNBUSD	+0.0448%	1h	801.71	−0.420%	$28K	$1K	10x	as long as short