Funding you earn now, next payment 07:00 UTC+0.0067%/8h= +7.3% APRnext payment +$0.08 per $10,000 · paid last 24h +0.006%
Price spread now: Arcus against Injective−2.222%7-day average +0.255% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)+0.064%+$6 on $10k
+Price spread, last 4 days (all we have)+2.777%+$278 · spread now −2.222%, 7d avg +0.255%
=Funding pays, the price is against you. Arcus is 2.477% cheaper against Injective than usual: you would sell low and buy high (spread −2.222% now, against its 7-day average of +0.255%). If the spread goes back, that is −$248 on $10k: about 4 months of funding at the current rate (+$2 a day).
| 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 | 2m 59s | $19K | $789K | 30x |
| Short | Arcus BNB-USD | 787.20 | 0.0100 | get 0.0013% / 1h | 2m 59s | $52K | $129K | 10x |
Injective BNB/USDC PERP
Arcus BNB-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Arcus 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
- $14
- Price spread: −2.222% → +0.255%
- −$247.71
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Net
- −$238.23
- Costs to cover
- 0.045%
- Break-even
- 126.1 days
Slippage unknown: Injective: no order-book sample; Arcus: live order book, 40 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 Arcus live order book, 40 min ago | 2.54 bp | 10.4 bp −$10 | 21.7 bp −$217 | 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 −0.0170% / S +0.0337% | 1h | 786.50 | −2.309% | $43K | — | 200x | as long as short |
| Hotstuff BNB-PERP | −0.0080% | 1h | 787.39 | −2.199% | $4K | $42 | 25x | as long as short |
| StandX BNB-USD | 0.0000% | 1h | 787.83 | −2.144% | $850K | $2.7M | 30x | as long as short |
| gTrade (Gains Network) BNB/USD | L +0.0007% / S −0.0007% | 1h | 786.93 | −2.256% | $9.5M | — | 150x | as long as short |
| Injective BNB/USDC PERPlong | +0.0033% | 1h | 805.09 | long leg | $19K | $789K | 30x | |
| BingX BNB-USDC | +0.0048% | 8h | 786.81 | −2.271% | — | $13.4M | — | as long as short |
| Aster BNBUSDT | +0.0049% | 8h | 786.99 | −2.248% | $6.1M | $18.8M | 200x | as long as short |
| MEXC BNB_USDT | +0.0058% | 8h | 787.90 | −2.135% | $81.0M | $12.1M | 200x | as long as short |
| Binance BNBUSDT | +0.0058% | 8h | 786.85 | −2.266% | $489.1M | $820.9M | 75x | as long as short |
| dYdX BNB-USD | +0.0061% | 1h | 787.30 | −2.209% | $160K | $62K | 10x | as long as short |
GMX BNB/USD [WBTC.b-USDC]
Hotstuff BNB-PERP
StandX BNB-USD
gTrade (Gains Network) BNB/USD
BingX BNB-USDC
Aster BNBUSDT
MEXC BNB_USDT
Binance BNBUSDT
dYdX BNB-USDShow all 46 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phemex BNBUSDT | +0.0074% | 8h | 787.29 | −2.211% | $68.8M | $51.1M | 50x | as long as short |
| Coinbase International BNB-PERP-INTX | +0.0080% | 1h | 787.43 | −2.194% | $564K | $1.9M | 50x | as long as short |
| Lighter BNB | +0.0096% | 1h | 786.77 | −2.275% | $2.7M | $3.9M | 20x | as long as short |
| Nado BNB-PERP | +0.0100% | 1h | 786.90 | −2.259% | $1.4M | $2.7M | 20x | as long as short |
| Hyperliquid BNB | +0.0100% | 1h | 787.11 | −2.233% | $51.5M | $17.7M | 10x | as long as short |
| Pacifica BNB | +0.0100% | 1h | 787.30 | −2.210% | $1.2M | $933K | 20x | as long as short |
| Bybit BNBUSDT | +0.0100% | 8h | 786.20 | −2.346% | $138.3M | $75.0M | 75x | as long as short |
| OKX BNB-USDT-SWAP | +0.0100% | 8h | 786.20 | −2.346% | $53.5M | $113.1M | 50x | as long as short |
| Arcus BNB-USDshort | +0.0100% | 1h | 787.20 | −2.222% | $52K | $129K | 10x | |
| Gate BNB_USDT | +0.0100% | 8h | 786.60 | −2.297% | $37.9M | $59.6M | 75x | as long as short |
| KuCoin BNBUSDTM | +0.0100% | 8h | 786.32 | −2.331% | $27.7M | $10.2M | 75x | as long as short |
| Bitget BNBUSDT | +0.0100% | 8h | 786.30 | −2.334% | $76.7M | $31.6M | 75x | as long as short |
| Backpack BNB_USDC_PERP | +0.0100% | 1h | 786.88 | −2.262% | $2.2M | $6.1M | 40x | as long as short |
| Variational Omni BNB | +0.0100% | 8h | 787.51 | −2.183% | $4.0M | $4.8M | — | as long as short |
| edgeX BNBUSDC | +0.0100% | 4h | 787.75 | −2.153% | $4.1M | $76.5M | 30x | as long as short |
| ApeX Omni BNBUSDT | +0.0100% | 1h | 787.69 | −2.161% | $159K | $438K | 50x | as long as short |
| Polymarket Perps BNB-USD | +0.0100% | 1h | 786.88 | −2.262% | $132K | $953K | 10x | as long as short |
| Orderly PERP_BNB_USDC | +0.0100% | 8h | 786.65 | −2.290% | $265K | $465K | 50x | as long as short |
| Derive BNB-PERP | +0.0100% | 1h | 787.05 | −2.241% | $31K | $12K | 10x | as long as short |
| SunX BNB-USDT | +0.0100% | 8h | 787.50 | −2.185% | $12K | $1.5M | 50x | as long as short |
| SoDEX BNB-USD | +0.0100% | 1h | 786.80 | −2.272% | $387K | $977K | 10x | as long as short |
| HTX BNB-USDT | +0.0100% | 8h | 787.28 | −2.212% | $8.0M | $10.2M | 75x | as long as short |
| Paradex BNB-USD-PERP | +0.0100% | 8h | 787.51 | −2.183% | $78K | $18K | 50x | as long as short |
| Extended BNB-USD | +0.0104% | 1h | 785.93 | −2.380% | $1.8M | $5.9M | 50x | as long as short |
| Aevo BNB-PERP | +0.0104% | 1h | 786.66 | −2.289% | $378K | $110K | 10x | as long as short |
| Kalshi KXBNBPERP | +0.0118% | 8h | 787.80 | −2.148% | $171K | $2.7M | 4.8x | as long as short |
| Phoenix BNB | +0.0135% | 1h | 787.76 | −2.153% | $169K | $35K | 10x | as long as short |
| BloFin BNB-USDT | +0.0178% | 8h | 787.12 | −2.232% | $17.7M | $2.2M | 75x | as long as short |
| Kraken Futures PF_BNBUSD | +0.0206% | 1h | 786.56 | −2.301% | $2.5M | $1.2M | 50x | as long as short |
| Bulk BNB-USD | +0.0222% | 1h | 787.85 | −2.142% | $639K | $831 | 10x | as long as short |
| GRVT BNB_USDT_Perp | +0.0227% | 8h | 787.98 | −2.125% | $2.9M | $28.6M | 10x | as long as short |
| 01 Exchange BNBUSD | +0.0248% | 1h | 787.51 | −2.184% | $28K | $4K | 10x | as long as short |
| Deribit BNB_USDC-PERPETUAL | +0.0300% | 1h | 787.06 | −2.239% | $1.5M | $145K | 25x | as long as short |
| Reya BNBRUSDPERP | +0.0321% | 1h | 786.35 | −2.327% | $6K | $3K | 40x | as long as short |
| RISEx BNB/USDC | +0.0438% | 1h | 787.24 | −2.217% | $1.1M | $915K | 20x | as long as short |
| Hibachi BNB/USDT-P | +0.0472% | 1h | 787.28 | −2.212% | $67K | $39K | 12x | as long as short |
Phemex BNBUSDT
Coinbase International BNB-PERP-INTX
Lighter BNB
Nado BNB-PERP
Hyperliquid BNB
Pacifica BNB
Bybit BNBUSDT
OKX BNB-USDT-SWAP
Gate BNB_USDT
KuCoin BNBUSDTM
Bitget BNBUSDT
Backpack BNB_USDC_PERP
Variational Omni BNB
edgeX BNBUSDC
ApeX Omni BNBUSDT
Polymarket Perps BNB-USD
Orderly PERP_BNB_USDC
Derive BNB-PERP
SunX BNB-USDT
SoDEX BNB-USD
HTX BNB-USDT
Paradex BNB-USD-PERP
Extended BNB-USD
Aevo BNB-PERP
Kalshi KXBNBPERP
Phoenix BNB
BloFin BNB-USDT
Kraken Futures PF_BNBUSD
Bulk BNB-USD
GRVT BNB_USDT_Perp
01 Exchange BNBUSD
Deribit BNB_USDC-PERPETUAL
Reya BNBRUSDPERP
RISEx BNB/USDC
Hibachi BNB/USDT-P