Funding you earn now, next payment 22:00 UTC−0.0157%/8h= −17.2% APRnext payment −$0.20 per $10,000 · paid last 24h +0.022%
Price spread now: SoDEX against Injective+0.113%62s7-day average +0.377% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)+0.025%+$2 on $10k
+Price spread, last 3 days (all we have)+0.354%+$35 · spread now +0.113%, 7d avg +0.377%
=Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and SoDEX is 0.264% cheaper against Injective than usual: you would sell low and buy high (−$26 if the spread goes back to its 7-day average of +0.377%). Swap the legs. The two prices were read 62 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Injective BNB/USDC PERP | 804.89 | 0.0353 | pay 0.0044% / 1h | 25m 53s | $19K | $627K | 30x |
| Short | SoDEX BNB-USD | 805.80 | 0.0196 | get 0.0025% / 1h | 25m 53s | $396K | $1.0M | 10x |
Injective BNB/USDC PERP
SoDEX BNB-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
SoDEX against Injective. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$33
- Price spread: +0.113% → +0.377%
- −$26.43
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Net
- −$67.44
- Costs to cover
- 0.080%
- Break-even
- never at this rate
Slippage unknown: Injective: no order-book sample; SoDEX: 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 SoDEX live order book, 3 min ago | 0.62 bp | 4.9 bp −$5 | 8.8 bp −$88 | 81.8 bp −$8,182 | 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 −0.0195% / S +0.0371% | 1h | 805.63 | +0.092% | $49K | — | 200x | as long as short |
| Hotstuff BNB-PERP | −0.0080% | 1h | 805.10 | +0.026% | $4K | $1K | 25x | as long as short |
| GRVT BNB_USDT_Perp | 0.0000% | 8h | 804.60 | −0.035% | $3.0M | $29.3M | 10x | as long as short |
| Kalshi KXBNBPERP | 0.0000% | 8h | 806.10 | +0.150% | $112K | $2.5M | 4.8x | as long as short |
| StandX BNB-USD | 0.0000% | 1h | 804.43 | −0.057% | $869K | $2.9M | 30x | as long as short |
| gTrade (Gains Network) BNB/USD | L +0.0008% / S −0.0007% | 1h | 805.68 | +0.098% | $9.8M | — | 150x | as long as short |
| Kraken Futures PF_BNBUSD | +0.0038% | 1h | 805.82 | +0.115% | $2.5M | $908K | 50x | as long as short |
| Variational Omni BNB | +0.0049% | 8h | 803.71 | −0.146% | $4.0M | $5.4M | — | as long as short |
| BingX BNB-USDC | +0.0052% | 8h | 805.74 | +0.106% | — | $13.3M | — | as long as short |
| Bybit BNBUSDT | +0.0075% | 8h | 805.20 | +0.039% | $139.6M | $82.5M | 75x | as long as short |
GMX BNB/USD [WBTC.b-USDC]
Hotstuff BNB-PERP
GRVT BNB_USDT_Perp
Kalshi KXBNBPERP
StandX BNB-USD
gTrade (Gains Network) BNB/USD
Kraken Futures PF_BNBUSD
Variational Omni BNB
BingX BNB-USDC
Bybit BNBUSDTShow 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 | 804.80 | −0.011% | $609K | $879K | 50x | as long as short |
| Aster BNBUSDT | +0.0092% | 8h | 806.49 | +0.199% | $6.4M | $18.8M | 200x | as long as short |
| Lighter BNB | +0.0096% | 1h | 806.02 | +0.140% | $2.8M | $4.2M | 20x | as long as short |
| Nado BNB-PERP | +0.0100% | 1h | 805.20 | +0.039% | $1.4M | $2.8M | 20x | as long as short |
| Pacifica BNB | +0.0100% | 1h | 805.68 | +0.098% | $1.2M | $923K | 20x | as long as short |
| OKX BNB-USDT-SWAP | +0.0100% | 8h | 805.60 | +0.088% | $55.2M | $115.9M | 50x | as long as short |
| Arcus BNB-USD | +0.0100% | 1h | 805.80 | +0.113% | $53K | $165K | 10x | as long as short |
| Gate BNB_USDT | +0.0100% | 8h | 805.60 | +0.088% | $36.0M | $58.5M | 75x | as long as short |
| KuCoin BNBUSDTM | +0.0100% | 8h | 805.57 | +0.084% | $28.2M | $10.5M | 75x | as long as short |
| Bitget BNBUSDT | +0.0100% | 8h | 805.42 | +0.066% | $79.3M | $24.5M | 75x | as long as short |
| edgeX BNBUSDC | +0.0100% | 4h | 804.62 | −0.034% | $4.2M | $76.9M | 30x | as long as short |
| ApeX Omni BNBUSDT | +0.0100% | 1h | 804.73 | −0.020% | $159K | $438K | 50x | as long as short |
| Polymarket Perps BNB-USD | +0.0100% | 1h | 805.39 | +0.062% | $119K | $868K | 10x | as long as short |
| Orderly PERP_BNB_USDC | +0.0100% | 8h | 805.84 | +0.118% | $389K | $593K | 50x | as long as short |
| Derive BNB-PERP | +0.0100% | 1h | 805.94 | +0.131% | $32K | $5K | 10x | as long as short |
| SunX BNB-USDT | +0.0100% | 8h | 806.19 | +0.162% | $13K | $1.7M | 50x | as long as short |
| HTX BNB-USDT | +0.0100% | 8h | 805.12 | +0.028% | $8.2M | $7.4M | 75x | as long as short |
| Paradex BNB-USD-PERP | +0.0100% | 8h | 806.16 | +0.158% | $79K | $19K | 50x | as long as short |
| Extended BNB-USD | +0.0104% | 1h | 805.35 | +0.057% | $1.9M | $6.1M | 50x | as long as short |
| Aevo BNB-PERP | +0.0104% | 1h | 805.91 | +0.127% | $387K | $40K | 10x | as long as short |
| MEXC BNB_USDT | +0.0108% | 8h | 806.60 | +0.212% | $84.6M | $13.6M | 200x | as long as short |
| Binance BNBUSDT | +0.0109% | 8h | 806.18 | +0.160% | $520.6M | $803.8M | 75x | as long as short |
| Phemex BNBUSDT | +0.0124% | 8h | 806.38 | +0.185% | $70.4M | $51.8M | 50x | as long as short |
| Phoenix BNB | +0.0125% | 1h | 804.63 | −0.032% | $173K | $35K | 10x | as long as short |
| Hyperliquid BNB | +0.0171% | 1h | 806.50 | +0.200% | $51.8M | $21.3M | 10x | as long as short |
| SoDEX BNB-USDshort | +0.0196% | 1h | 805.80 | +0.113% | $396K | $1.0M | 10x | |
| Bulk BNB-USD | +0.0197% | 1h | 804.34 | −0.068% | $650K | $11K | 10x | as long as short |
| Deribit BNB_USDC-PERPETUAL | +0.0200% | 1h | 806.36 | +0.183% | $1.6M | $165K | 25x | as long as short |
| RISEx BNB/USDC | +0.0209% | 1h | 805.79 | +0.111% | $1.1M | $1.4M | 20x | as long as short |
| BloFin BNB-USDT | +0.0229% | 8h | 805.82 | +0.116% | $18.8M | $3.1M | 75x | as long as short |
| Hibachi BNB/USDT-P | +0.0240% | 1h | 804.39 | −0.062% | $71K | $48K | 12x | as long as short |
| dYdX BNB-USD | +0.0267% | 1h | 805.64 | +0.093% | $170K | $55K | 10x | as long as short |
| Reya BNBRUSDPERP | +0.0334% | 1h | 805.21 | +0.040% | $6K | $3K | 40x | as long as short |
| 01 Exchange BNBUSD | +0.0336% | 1h | 806.41 | +0.189% | $29K | $1K | 10x | as long as short |
| Injective BNB/USDC PERPlong | +0.0353% | 1h | 804.89 | long leg | $19K | $627K | 30x | |
| Backpack BNB_USDC_PERP | +0.0652% | 1h | 806.84 | +0.242% | $3.0M | $5.5M | 40x | as long as short |
Coinbase International BNB-PERP-INTX
Aster BNBUSDT
Lighter BNB
Nado BNB-PERP
Pacifica BNB
OKX BNB-USDT-SWAP
Arcus BNB-USD
Gate BNB_USDT
KuCoin BNBUSDTM
Bitget BNBUSDT
edgeX BNBUSDC
ApeX Omni BNBUSDT
Polymarket Perps BNB-USD
Orderly PERP_BNB_USDC
Derive BNB-PERP
SunX BNB-USDT
HTX BNB-USDT
Paradex BNB-USD-PERP
Extended BNB-USD
Aevo BNB-PERP
MEXC BNB_USDT
Binance BNBUSDT
Phemex BNBUSDT
Phoenix BNB
Hyperliquid BNB
Bulk BNB-USD
Deribit BNB_USDC-PERPETUAL
RISEx BNB/USDC
BloFin BNB-USDT
Hibachi BNB/USDT-P
dYdX BNB-USD
Reya BNBRUSDPERP
01 Exchange BNBUSD
Backpack BNB_USDC_PERP