BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0253%/8h= +27.7% APRnext payment +$0.32 per $10,000 · paid last 24h −0.015%

Price spread now: Injective against Polymarket Perps+0.292%7-day average −0.355% · you sell dearer than you buy

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

Long on Polymarket Perps Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days−0.300%−$30 on $10k

Price spread, last 3 days (all we have)−0.891%−$89 · spread now +0.292%, 7d avg −0.355%

Together, before fees−1.191%−$119 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and Injective is 0.646% dearer against Polymarket Perps than usual: you sell high and buy low: +$65 more if the spread goes back to its 7-day average of −0.355%. Mind the row above: over the last 7 days funding on this pair cost −0.300%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps BNB-USD	802.58	0.0100	pay 0.0013% / 1h	47m 02s	$118K	$868K	10x
Short	Injective BNB/USDC PERP	804.92	0.0353	get 0.0044% / 1h	47m 02s	$19K	$526K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against Polymarket Perps. 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 Polymarket PerpsbpFee InjectivebpOrdersPrice spread, now +0.292%Rate

Funding earned: $53.18
Price spread: +0.292% → −0.355%: $64.64
Slippage, 4 orders: no order book: not counted
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $109.8
Costs to cover: 0.080%
Break-even: from the start

Slippage unknown: Polymarket Perps: live order book, 41 min ago; Injective: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Polymarket Perps live order book, 41 min ago	2.74 bp	6.7 bp −$7	7.3 bp −$73	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

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	802.66	+0.010%	$48K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	803.06	+0.060%	$4K	$1K	25x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	802.69	+0.014%	$3.0M	$30.0M	10x	as long as short
Kalshi KXBNBPERP	0.0000%	8h	803.20	+0.077%	$116K	$2.5M	4.8x	as long as short
StandX BNB-USD	0.0000%	1h	803.32	+0.092%	$868K	$3.0M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	802.76	+0.022%	$9.8M	—	150x	as long as short
Kraken Futures PF_BNBUSD	+0.0038%	1h	802.76	+0.022%	$2.5M	$909K	50x	as long as short
Variational Omni BNB	+0.0063%	8h	802.15	−0.053%	$4.1M	$5.3M	—	as long as short
BingX BNB-USDT	+0.0068%	8h	802.96	+0.047%	—	$34.5M	—	as long as short
Aster BNBUSDT	+0.0086%	8h	803.29	+0.089%	$6.4M	$18.8M	200x	as long as short

Show 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	803.99	+0.176%	$608K	$888K	50x	as long as short
Bybit BNBUSDT	+0.0094%	8h	802.30	−0.035%	$138.8M	$82.6M	75x	as long as short
Lighter BNB	+0.0096%	1h	802.83	+0.031%	$2.8M	$4.2M	20x	as long as short
Nado BNB-PERP	+0.0100%	1h	802.43	−0.019%	$1.4M	$2.8M	20x	as long as short
Pacifica BNB	+0.0100%	1h	802.88	+0.038%	$1.2M	$923K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	802.80	+0.027%	$54.9M	$115.1M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	802.70	+0.015%	$52K	$161K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	802.45	−0.016%	$35.9M	$58.3M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	802.77	+0.024%	$28.1M	$10.5M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	802.52	−0.007%	$79.0M	$24.5M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	802.91	+0.042%	$4.2M	$76.9M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	803.32	+0.092%	$158K	$437K	50x	as long as short
Polymarket Perps BNB-USDlong	+0.0100%	1h	802.58	long leg	$118K	$868K	10x
Orderly PERP_BNB_USDC	+0.0100%	8h	802.73	+0.019%	$388K	$593K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	802.86	+0.035%	$32K	$5K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	803.29	+0.088%	$13K	$1.7M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	802.80	+0.027%	$395K	$1.0M	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0100%	1h	803.20	+0.077%	$1.6M	$165K	25x	as long as short
HTX BNB-USDT	+0.0100%	8h	802.95	+0.046%	$8.2M	$7.4M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	803.45	+0.108%	$78K	$19K	50x	as long as short
MEXC BNB_USDT	+0.0101%	8h	803.90	+0.164%	$84.4M	$13.5M	200x	as long as short
Binance BNBUSDT	+0.0102%	8h	803.59	+0.126%	$518.3M	$804.3M	75x	as long as short
Extended BNB-USD	+0.0104%	1h	802.60	+0.003%	$1.9M	$6.1M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	802.95	+0.047%	$386K	$40K	10x	as long as short
Phemex BNBUSDT	+0.0121%	8h	803.22	+0.080%	$70.1M	$51.6M	50x	as long as short
Phoenix BNB	+0.0125%	1h	802.78	+0.025%	$173K	$35K	10x	as long as short
Bulk BNB-USD	+0.0161%	1h	803.45	+0.109%	$649K	$11K	10x	as long as short
Hyperliquid BNB	+0.0163%	1h	803.35	+0.096%	$51.6M	$21.3M	10x	as long as short
RISEx BNB/USDC	+0.0209%	1h	803.05	+0.059%	$1.1M	$1.4M	20x	as long as short
dYdX BNB-USD	+0.0209%	1h	802.35	−0.029%	$170K	$55K	10x	as long as short
BloFin BNB-USDT	+0.0222%	8h	803.39	+0.101%	$18.8M	$3.0M	75x	as long as short
Hibachi BNB/USDT-P	+0.0248%	1h	802.53	−0.007%	$71K	$48K	12x	as long as short
01 Exchange BNBUSD	+0.0312%	1h	803.48	+0.112%	$28K	$1K	10x	as long as short
Reya BNBRUSDPERP	+0.0335%	1h	802.43	−0.019%	$6K	$3K	40x	as long as short
Injective BNB/USDC PERPshort	+0.0353%	1h	804.92	+0.292%	$19K	$526K	30x
Backpack BNB_USDC_PERP	+0.0698%	1h	803.75	+0.146%	$3.0M	$5.3M	40x	as long as short