BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0067%/8h= −7.3% APRnext payment −$0.08 per $10,000 · paid last 24h −0.005%

Price spread now: Injective against SoDEX+1.897%7-day average −0.269% · you sell dearer than you buy

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

Long on SoDEX Short on Injective

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.017%−$2 on $10k

Price spread, last 4 days (all we have)−2.364%−$236 · spread now +1.897%, 7d avg −0.269%

Together, before fees−2.381%−$238 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Injective is 2.167% dearer against SoDEX than usual: you sell high and buy low (spread +1.897% now, against its 7-day average of −0.269%): +$217 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 4 months. At the pace of the last 3 days (−0.017% in total) that is about 14 months.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX BNB-USD	790.10	0.0100	pay 0.0013% / 1h	54m 53s	$388K	$1.0M	10x
Short	Injective BNB/USDC PERP	805.09	0.0033	get 0.0004% / 1h	54m 53s	$19K	$789K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against SoDEX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 SoDEXbpFee InjectivebpOrdersPrice spread, now +1.897%Rate

Funding earned: −$14
Price spread: +1.897% → −0.269%: $216.67
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $194.65
Costs to cover: 0.080%
Break-even: from the start

Slippage unknown: SoDEX: live order book, 4 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 SoDEX live order book, 4 min ago	0.63 bp	4.6 bp −$5	7.0 bp −$70	55.1 bp −$5,513	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 −0.0191% / S +0.0355%	1h	789.84	−0.032%	$46K	—	200x	as long as short
Kraken Futures PF_BNBUSD	−0.0124%	1h	790.05	−0.006%	$2.5M	$1.2M	50x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	790.13	+0.004%	$4K	$42	25x	as long as short
StandX BNB-USD	0.0000%	1h	789.04	−0.134%	$851K	$3.2M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	789.89	−0.026%	$9.5M	—	150x	as long as short
Injective BNB/USDC PERPshort	+0.0033%	1h	805.09	+1.897%	$19K	$789K	30x
Aster BNBUSDT	+0.0036%	8h	790.79	+0.087%	$6.1M	$18.7M	200x	as long as short
BingX BNB-USDC	+0.0046%	8h	790.20	+0.013%	—	$13.4M	—	as long as short
MEXC BNB_USDT	+0.0057%	8h	791.00	+0.114%	$80.2M	$12.0M	200x	as long as short
Binance BNBUSDT	+0.0057%	8h	790.73	+0.080%	$493.9M	$793.9M	75x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex BNBUSDT	+0.0061%	8h	790.44	+0.043%	$69.1M	$50.2M	50x	as long as short
Coinbase International BNB-PERP-INTX	+0.0072%	1h	789.35	−0.095%	$580K	$1.9M	50x	as long as short
Lighter BNB	+0.0096%	1h	790.23	+0.016%	$2.8M	$3.8M	20x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	790.01	−0.011%	$266K	$492K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	789.40	−0.089%	$1.5M	$2.6M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	790.71	+0.077%	$51.9M	$17.5M	10x	as long as short
Pacifica BNB	+0.0100%	1h	789.94	−0.021%	$1.2M	$931K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	790.00	−0.013%	$139.0M	$74.0M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	790.10	0.000%	$53.5M	$111.8M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	790.00	−0.013%	$52K	$133K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	790.00	−0.013%	$35.7M	$56.5M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	790.13	+0.004%	$28.1M	$10.2M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	789.84	−0.033%	$76.4M	$30.3M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	790.54	+0.056%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	789.31	−0.100%	$4.1M	$4.8M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	789.35	−0.096%	$4.1M	$73.2M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	789.05	−0.133%	$159K	$440K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	789.76	−0.043%	$130K	$954K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	790.10	0.000%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	790.58	+0.061%	$12K	$1.5M	50x	as long as short
SoDEX BNB-USDlong	+0.0100%	1h	790.10	long leg	$388K	$1.0M	10x
HTX BNB-USDT	+0.0100%	8h	789.38	−0.091%	$8.1M	$9.6M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	790.02	−0.010%	$77K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	789.83	−0.034%	$1.9M	$6.2M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	789.92	−0.022%	$379K	$110K	10x	as long as short
Phoenix BNB	+0.0117%	1h	789.35	−0.095%	$170K	$35K	10x	as long as short
GRVT BNB_USDT_Perp	+0.0163%	8h	789.64	−0.059%	$2.9M	$28.5M	10x	as long as short
dYdX BNB-USD	+0.0167%	1h	789.25	−0.108%	$160K	$64K	10x	as long as short
BloFin BNB-USDT	+0.0177%	8h	790.62	+0.066%	$18.1M	$2.2M	75x	as long as short
Kalshi KXBNBPERP	+0.0192%	8h	790.10	0.000%	$135K	$2.7M	4.8x	as long as short
Bulk BNB-USD	+0.0216%	1h	788.57	−0.194%	$639K	$9K	10x	as long as short
01 Exchange BNBUSD	+0.0272%	1h	790.38	+0.035%	$28K	$4K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	790.44	+0.043%	$1.5M	$143K	25x	as long as short
Reya BNBRUSDPERP	+0.0325%	1h	789.75	−0.044%	$6K	$3K	40x	as long as short
Hibachi BNB/USDT-P	+0.0376%	1h	789.48	−0.079%	$67K	$39K	12x	as long as short
RISEx BNB/USDC	+0.0431%	1h	790.17	+0.009%	$1.1M	$902K	20x	as long as short