BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0358%/8h= +39.2% APRnext payment +$0.45 per $10,000 · paid last 24h +0.043%

Price spread now: Backpack against Injective−0.417%7-day average +0.406% · you buy dearer than you sell

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

Long on Injective Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 7 days+0.387%+$39 on $10k

Price spread, last 3 days (all we have)+0.999%+$100 · spread now −0.417%, 7d avg +0.406%

Together, before fees+1.386%+$139 on $10k · with fees, hour by hour

Funding pays, the price is against you. Backpack is 0.824% cheaper against Injective than usual: you would sell low and buy high (spread −0.417% now, against its 7-day average of +0.406%). If the spread goes back, that is −$82 on $10k: about 7.7 days of funding at the current rate (+$11 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective BNB/USDC PERP	805.09	0.0311	pay 0.0039% / 1h	30m 25s	$19K	$789K	30x
Short	Backpack BNB_USDC_PERP	801.73	0.0669	get 0.0084% / 1h	30m 25s	$3.0M	$5.5M	40x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack 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 BackpackbpOrdersPrice spread, now −0.417%Rate

Funding earned: $75.25
Price spread: −0.417% → +0.406%: −$82.35
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$17.13
Costs to cover: 0.100%
Break-even: 8.6 days

Slippage unknown: Injective: no order-book sample; Backpack: live order book, 4 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 Backpack live order book, 4 min ago	0.06 bp	5.4 bp −$5	6.9 bp −$69	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 −0.0201% / S +0.0372%	1h	800.91	−0.519%	$48K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	801.22	−0.481%	$4K	$1K	25x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	805.39	+0.037%	$3.0M	$29.1M	10x	as long as short
Kalshi KXBNBPERP	0.0000%	8h	801.90	−0.396%	$158K	$2.8M	4.8x	as long as short
StandX BNB-USD	0.0000%	1h	802.20	−0.359%	$867K	$2.8M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	800.92	−0.518%	$9.7M	—	150x	as long as short
Variational Omni BNB	+0.0040%	8h	800.85	−0.527%	$4.1M	$5.3M	—	as long as short
BingX BNB-USDC	+0.0067%	8h	801.19	−0.484%	—	$13.3M	—	as long as short
Bybit BNBUSDT	+0.0081%	8h	800.50	−0.570%	$139.5M	$83.0M	75x	as long as short
Lighter BNB	+0.0096%	1h	801.01	−0.506%	$2.8M	$4.2M	20x	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	+0.0096%	1h	801.19	−0.484%	$610K	$1.0M	50x	as long as short
Aster BNBUSDT	+0.0099%	8h	801.21	−0.482%	$6.4M	$19.3M	200x	as long as short
Nado BNB-PERP	+0.0100%	1h	800.51	−0.569%	$1.4M	$2.8M	20x	as long as short
Pacifica BNB	+0.0100%	1h	800.91	−0.519%	$1.2M	$923K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	800.70	−0.545%	$54.9M	$117.3M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	801.20	−0.483%	$53K	$170K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	800.60	−0.558%	$35.8M	$58.1M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	800.63	−0.554%	$28.0M	$10.6M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	800.75	−0.539%	$81.0M	$26.8M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	802.78	−0.287%	$4.2M	$77.4M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	802.46	−0.327%	$161K	$441K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	800.75	−0.539%	$121K	$880K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	800.91	−0.519%	$387K	$592K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	801.14	−0.491%	$32K	$5K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	801.87	−0.400%	$11K	$1.7M	50x	as long as short
HTX BNB-USDT	+0.0100%	8h	801.56	−0.439%	$8.2M	$7.9M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	801.52	−0.443%	$78K	$19K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	800.50	−0.571%	$1.8M	$6.1M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	801.11	−0.494%	$385K	$40K	10x	as long as short
MEXC BNB_USDT	+0.0118%	8h	801.90	−0.396%	$83.4M	$13.8M	200x	as long as short
Binance BNBUSDT	+0.0119%	8h	801.50	−0.446%	$516.9M	$829.2M	75x	as long as short
Phemex BNBUSDT	+0.0129%	8h	801.43	−0.455%	$70.0M	$51.7M	50x	as long as short
SoDEX BNB-USD	+0.0139%	1h	801.10	−0.496%	$394K	$1.0M	10x	as long as short
Hibachi BNB/USDT-P	+0.0152%	1h	801.47	−0.450%	$71K	$48K	12x	as long as short
Phoenix BNB	+0.0155%	1h	804.78	−0.039%	$173K	$35K	10x	as long as short
dYdX BNB-USD	+0.0167%	1h	800.67	−0.550%	$161K	$62K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0200%	1h	801.34	−0.465%	$1.6M	$165K	25x	as long as short
Kraken Futures PF_BNBUSD	+0.0207%	1h	800.73	−0.541%	$2.6M	$983K	50x	as long as short
BloFin BNB-USDT	+0.0239%	8h	801.60	−0.433%	$18.8M	$2.6M	75x	as long as short
Hyperliquid BNB	+0.0267%	1h	801.90	−0.396%	$51.9M	$22.2M	10x	as long as short
Injective BNB/USDC PERPlong	+0.0311%	1h	805.09	long leg	$19K	$789K	30x
RISEx BNB/USDC	+0.0318%	1h	800.97	−0.512%	$1.1M	$1.4M	20x	as long as short
Reya BNBRUSDPERP	+0.0333%	1h	800.60	−0.558%	$6K	$3K	40x	as long as short
01 Exchange BNBUSD	+0.0336%	1h	801.54	−0.441%	$28K	$1K	10x	as long as short
Bulk BNB-USD	+0.0354%	1h	801.59	−0.435%	$651K	$21K	10x	as long as short
Backpack BNB_USDC_PERPshort	+0.0669%	1h	801.73	−0.417%	$3.0M	$5.5M	40x