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Funding arb · Price arb /

BNB

all BNB markets
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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 01:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h +0.004%
Price spread now: Paradex against Injective−0.703%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 Paradex
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)—no history yet
Price spread, last 7 days—no price history on both exchanges yet
Together, before fees—+ Points / potential airdropParadex: Active · farm boardneeds both histories
Funding pays, the price is against you. Paradex is 0.703% cheaper against Injective than usual: you would sell low and buy high (spread −0.703% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$70 on $10k: about 35 days of funding at the current rate (+$2 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongInjective BNB/USDC PERP805.090.0033pay 0.0004% / 1h10m 41s$19K$789K30x
ShortParadex BNB-USD-PERP799.430.0100get 0.0100% / 8h7h 10m$78K$18K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Paradex 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
$14.01
Price spread: −0.703% → 0.000%
−$70.28
Slippage, 4 orders
no order book: not counted
Fee Injective: 0.01 bp × 2 orders
−$0.02
Fee Paradex: 2 bp × 2 orders
−$4
Net
−$60.29
Costs to cover
0.040%
Break-even
37.1 days
Slippage unknown: Injective: no order-book sample; Paradex: 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 Paradex no order-book sample—————
Injective and Paradex: 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 −0.0159% / S +0.0335%1h798.19−0.857%$47K—200xas long as short
Kraken Futures PF_BNBUSD−0.0121%1h798.19−0.856%$2.5M$1.0M50xas long as short
Hotstuff BNB-PERP−0.0080%1h798.63−0.802%$4K$23925xas long as short
GRVT BNB_USDT_Perp0.0000%8h799.74−0.665%$3.0M$27.9M10xas long as short
StandX BNB-USD0.0000%1h799.92−0.642%$864K$2.9M30xas long as short
Gate BNB_USDT+0.0007%8h798.45−0.825%$35.9M$57.0M75xas long as short
Variational Omni BNB+0.0008%8h797.92−0.891%$4.1M$5.1M—as long as short
gTrade (Gains Network) BNB/USDL +0.0008% / S −0.0007%1h798.13−0.864%$9.7M—150xas long as short
Phemex BNBUSDT+0.0028%8h798.76−0.786%$69.8M$50.1M50xas long as short
Injective BNB/USDC PERPlong+0.0033%1h805.09long leg$19K$789K30x
Show all 46 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX BNB-USDT+0.0035%8h798.88−0.771%—$35.0M—as long as short
Coinbase International BNB-PERP-INTX+0.0048%1h799.07−0.748%$615K$1.1M50xas long as short
Aster BNBUSDT+0.0049%8h798.92−0.767%$6.1M$19.4M200xas long as short
Bybit BNBUSDT+0.0069%8h798.72−0.791%$138.7M$76.0M75xas long as short
MEXC BNB_USDT+0.0072%8h799.80−0.657%$83.2M$13.7M200xas long as short
Binance BNBUSDT+0.0072%8h799.51−0.694%$496.6M$809.2M75xas long as short
Lighter BNB+0.0096%1h799.04−0.751%$2.8M$4.0M20xas long as short
Phoenix BNB+0.0099%1h800.04−0.627%$172K$36K10xas long as short
Nado BNB-PERP+0.0100%1h798.20−0.856%$1.5M$2.7M20xas long as short
Pacifica BNB+0.0100%1h799.06−0.749%$1.2M$937K20xas long as short
OKX BNB-USDT-SWAP+0.0100%8h798.50−0.819%$54.2M$110.7M50xas long as short
Arcus BNB-USD+0.0100%1h799.10−0.744%$53K$127K10xas long as short
KuCoin BNBUSDTM+0.0100%8h798.52−0.816%$27.9M$10.0M75xas long as short
Bitget BNBUSDT+0.0100%8h798.35−0.837%$78.2M$28.0M75xas long as short
edgeX BNBUSDC+0.0100%4h799.52−0.691%$4.2M$76.9M30xas long as short
ApeX Omni BNBUSDT+0.0100%1h799.37−0.710%$161K$435K50xas long as short
Polymarket Perps BNB-USD+0.0100%1h798.21−0.855%$113K$884K10xas long as short
Orderly PERP_BNB_USDC+0.0100%8h798.15−0.862%$386K$459K50xas long as short
Derive BNB-PERP+0.0100%1h798.23−0.852%$32K$5K10xas long as short
SunX BNB-USDT+0.0100%8h798.92−0.767%$13K$1.6M50xas long as short
SoDEX BNB-USD+0.0100%1h798.30−0.843%$392K$995K10xas long as short
HTX BNB-USDT+0.0100%8h798.13−0.865%$8.2M$8.3M75xas long as short
Paradex BNB-USD-PERPshort+0.0100%8h799.43−0.703%$78K$18K50x
Extended BNB-USD+0.0104%1h798.37−0.835%$1.8M$6.0M50xas long as short
Aevo BNB-PERP+0.0104%1h798.14−0.863%$383K$110K10xas long as short
Bulk BNB-USD+0.0138%1h797.80−0.905%$648K$10K10xas long as short
RISEx BNB/USDC+0.0155%1h798.80−0.781%$1.1M$1.4M20xas long as short
Kalshi KXBNBPERP+0.0162%8h798.80−0.781%$90K$2.8M4.8xas long as short
dYdX BNB-USD+0.0190%1h798.50−0.818%$161K$63K10xas long as short
BloFin BNB-USDT+0.0193%8h798.69−0.795%$18.1M$2.5M75xas long as short
01 Exchange BNBUSD+0.0200%1h798.83−0.778%$28K$1K10xas long as short
Hyperliquid BNB+0.0289%1h799.49−0.696%$53.1M$20.3M10xas long as short
Deribit BNB_USDC-PERPETUAL+0.0300%1h798.60−0.806%$1.6M$161K25xas long as short
Hibachi BNB/USDT-P+0.0320%1h799.02−0.754%$68K$38K12xas long as short
Reya BNBRUSDPERP+0.0330%1h798.06−0.873%$6K$3K40xas long as short
Backpack BNB_USDC_PERP+0.0428%1h798.98−0.759%$2.7M$5.7M40xas long as short