BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0399%/8h= +43.7% APRnext payment +$0.50 per $10,000 · paid last 24h +0.030%

Price spread now: RISEx against Injective−2.261%103s7-day average +0.214% · you buy dearer than you sell

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

Long on Injective Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.116%+$12 on $10k

Price spread, last 4 days (all we have)+2.816%+$282 · spread now −2.261%, 7d avg +0.214%

Together, before fees+2.932%+$293 on $10k · with fees, hour by hour

Funding pays, the price is against you. RISEx is 2.474% cheaper against Injective than usual: you would sell low and buy high (spread −2.261% now, against its 7-day average of +0.214%). If the spread goes back, that is −$247 on $10k: about 21 days of funding at the current rate (+$12 a day). At the pace of the last 4 days (+0.116% in total) that is about 3 months. The two prices were read 103 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.116% in total (about 11.6% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.50 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	805.09	0.0033	pay 0.0004% / 1h	15m 23s	$19K	$789K	30x
Short	RISEx BNB/USDC	786.89	0.0432	get 0.0054% / 1h	15m 23s	$1.1M	$901K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx 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 RISExbpOrdersPrice spread, now −2.261%Rate

Funding earned: $83.8
Price spread: −2.261% → +0.214%: −$247.44
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee RISEx: 3 bp × 2 orders: −$6
Net: −$169.65
Costs to cover: 0.060%
Break-even: 21.2 days

Slippage unknown: Injective: no order-book sample; RISEx: live order book, 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 RISEx live order book, 3 min ago	0.57 bp	3.6 bp −$4	7.8 bp −$78	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 −0.0192% / S +0.0356%	1h	786.35	−2.328%	$46K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	786.95	−2.253%	$4K	$42	25x	as long as short
StandX BNB-USD	0.0000%	1h	787.28	−2.212%	$849K	$2.9M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	786.47	−2.312%	$9.5M	—	150x	as long as short
Injective BNB/USDC PERPlong	+0.0033%	1h	805.09	long leg	$19K	$789K	30x
Aster BNBUSDT	+0.0039%	8h	787.18	−2.225%	$6.1M	$19.0M	200x	as long as short
BingX BNB-USDT	+0.0046%	8h	786.74	−2.279%	—	$22.2M	—	as long as short
Phemex BNBUSDT	+0.0058%	8h	787.09	−2.236%	$68.9M	$50.6M	50x	as long as short
MEXC BNB_USDT	+0.0062%	8h	787.40	−2.197%	$80.5M	$12.0M	200x	as long as short
Binance BNBUSDT	+0.0063%	8h	787.13	−2.231%	$490.3M	$812.7M	75x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_BNBUSD	+0.0069%	1h	786.40	−2.322%	$2.5M	$1.2M	50x	as long as short
Coinbase International BNB-PERP-INTX	+0.0080%	1h	785.85	−2.390%	$568K	$1.9M	50x	as long as short
Lighter BNB	+0.0096%	1h	786.73	−2.281%	$2.7M	$3.8M	20x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	786.55	−2.303%	$265K	$489K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	786.45	−2.315%	$1.4M	$2.7M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	787.15	−2.229%	$51.5M	$17.6M	10x	as long as short
Pacifica BNB	+0.0100%	1h	786.90	−2.260%	$1.2M	$933K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	786.50	−2.309%	$138.2M	$74.8M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	786.50	−2.309%	$53.5M	$112.7M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	786.80	−2.272%	$52K	$129K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	786.50	−2.309%	$36.7M	$59.2M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	786.28	−2.336%	$27.7M	$10.2M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	786.27	−2.338%	$76.1M	$31.0M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	786.89	−2.261%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	786.32	−2.331%	$4.0M	$4.8M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	786.93	−2.256%	$4.1M	$75.7M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	787.09	−2.236%	$158K	$437K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	786.39	−2.323%	$131K	$951K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	786.65	−2.291%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	787.14	−2.230%	$12K	$1.5M	50x	as long as short
HTX BNB-USDT	+0.0100%	8h	786.66	−2.289%	$8.0M	$10.1M	75x	as long as short
Paradex BNB-USD-PERP	+0.0101%	8h	786.96	−2.252%	$76K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	786.29	−2.335%	$1.8M	$6.2M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	786.55	−2.303%	$378K	$110K	10x	as long as short
Phoenix BNB	+0.0107%	1h	786.99	−2.248%	$169K	$35K	10x	as long as short
SoDEX BNB-USD	+0.0130%	1h	786.60	−2.297%	$387K	$993K	10x	as long as short
Kalshi KXBNBPERP	+0.0139%	8h	787.10	−2.235%	$160K	$2.7M	4.8x	as long as short
dYdX BNB-USD	+0.0158%	1h	786.37	−2.326%	$159K	$62K	10x	as long as short
BloFin BNB-USDT	+0.0181%	8h	787.12	−2.232%	$17.7M	$2.2M	75x	as long as short
GRVT BNB_USDT_Perp	+0.0217%	8h	787.48	−2.187%	$2.9M	$29.5M	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	786.92	−2.257%	$1.5M	$143K	25x	as long as short
01 Exchange BNBUSD	+0.0312%	1h	787.28	−2.212%	$28K	$4K	10x	as long as short
Reya BNBRUSDPERP	+0.0323%	1h	786.31	−2.333%	$6K	$3K	40x	as long as short
Bulk BNB-USD	+0.0341%	1h	785.39	−2.446%	$637K	$4K	10x	as long as short
RISEx BNB/USDCshort	+0.0432%	1h	786.89	−2.261%	$1.1M	$901K	20x
Hibachi BNB/USDT-P	+0.0536%	1h	786.82	−2.269%	$67K	$39K	12x	as long as short