Funding you earn now, next payment 03:00 UTC+0.0158%/8h= +17.3% APRpaid last 24h +0.039%
Price spread now: BloFin against Injective−1.748%7-day average +0.399% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.365%+$37 on $10k
+Price spread, last 4 days (all we have)+2.209%+$221 · spread now −1.748%, 7d avg +0.399%
=Funding pays, the price is against you. BloFin is 2.147% cheaper against Injective than usual: you would sell low and buy high (spread −1.748% now, against its 7-day average of +0.399%). If the spread goes back, that is −$215 on $10k: about 45 days of funding at the current rate (+$5 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 | 5m 32s | $19K | $789K | 30x |
| Short | BloFin BNB-USDT | 791.02 | 0.0191 | get 0.0191% / 8h | 5h 05m | $18.2M | $2.2M | 75x |
Injective BNB/USDC PERP
BloFin BNB-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- $33.2
- Price spread: −1.748% → +0.399%
- −$214.66
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$193.48
- Costs to cover
- 0.120%
- Break-even
- 47.8 days
Slippage unknown: Injective: no order-book sample; BloFin: 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 BloFin live order book, 3 min ago | 0.06 bp | 6.1 bp −$6 | 7.6 bp −$76 | 16.5 bp −$1,649 | 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 −0.0167% / S +0.0335% | 1h | 789.68 | −1.914% | $46K | — | 200x | as long as short |
| Hotstuff BNB-PERP | −0.0080% | 1h | 790.36 | −1.830% | $4K | $239 | 25x | as long as short |
| StandX BNB-USD | 0.0000% | 1h | 791.23 | −1.722% | $855K | $3.1M | 30x | as long as short |
| gTrade (Gains Network) BNB/USD | L +0.0007% / S −0.0007% | 1h | 789.67 | −1.915% | $9.6M | — | 150x | as long as short |
| Injective BNB/USDC PERPlong | +0.0033% | 1h | 805.09 | long leg | $19K | $789K | 30x | |
| Aster BNBUSDT | +0.0046% | 8h | 790.03 | −1.870% | $6.2M | $18.7M | 200x | as long as short |
| Coinbase International BNB-PERP-INTX | +0.0048% | 1h | 792.68 | −1.541% | $592K | $1.9M | 50x | as long as short |
| BingX BNB-USDC | +0.0058% | 8h | 790.18 | −1.852% | — | $13.4M | — | as long as short |
| Phemex BNBUSDT | +0.0059% | 8h | 790.42 | −1.822% | $69.2M | $50.3M | 50x | as long as short |
| MEXC BNB_USDT | +0.0070% | 8h | 790.40 | −1.825% | $80.3M | $12.5M | 200x | as long as short |
GMX BNB/USD [WBTC.b-USDC]
Hotstuff BNB-PERP
StandX BNB-USD
gTrade (Gains Network) BNB/USD
Aster BNBUSDT
Coinbase International BNB-PERP-INTX
BingX BNB-USDC
Phemex BNBUSDT
MEXC BNB_USDTShow all 46 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance BNBUSDT | +0.0071% | 8h | 790.42 | −1.822% | $493.6M | $791.4M | 75x | as long as short |
| Kraken Futures PF_BNBUSD | +0.0091% | 1h | 789.97 | −1.878% | $2.5M | $1.2M | 50x | as long as short |
| Lighter BNB | +0.0096% | 1h | 789.74 | −1.907% | $2.7M | $3.9M | 20x | as long as short |
| Orderly PERP_BNB_USDC | +0.0100% | 8h | 789.82 | −1.897% | $266K | $498K | 50x | as long as short |
| Nado BNB-PERP | +0.0100% | 1h | 789.30 | −1.961% | $1.4M | $2.6M | 20x | as long as short |
| Hyperliquid BNB | +0.0100% | 1h | 790.22 | −1.847% | $51.9M | $17.5M | 10x | as long as short |
| Pacifica BNB | +0.0100% | 1h | 789.81 | −1.898% | $1.2M | $914K | 20x | as long as short |
| Bybit BNBUSDT | +0.0100% | 8h | 789.55 | −1.930% | $138.9M | $76.5M | 75x | as long as short |
| OKX BNB-USDT-SWAP | +0.0100% | 8h | 789.70 | −1.912% | $53.4M | $111.9M | 50x | as long as short |
| Arcus BNB-USD | +0.0100% | 1h | 790.00 | −1.874% | $52K | $130K | 10x | as long as short |
| Gate BNB_USDT | +0.0100% | 8h | 789.60 | −1.924% | $35.4M | $57.5M | 75x | as long as short |
| KuCoin BNBUSDTM | +0.0100% | 8h | 789.39 | −1.950% | $27.6M | $10.4M | 75x | as long as short |
| Bitget BNBUSDT | +0.0100% | 8h | 789.43 | −1.945% | $76.6M | $30.3M | 75x | as long as short |
| Backpack BNB_USDC_PERP | +0.0100% | 1h | 790.39 | −1.826% | $2.2M | $6.1M | 40x | as long as short |
| Variational Omni BNB | +0.0100% | 8h | 789.30 | −1.962% | $4.1M | $4.6M | — | as long as short |
| edgeX BNBUSDC | +0.0100% | 4h | 791.12 | −1.735% | $4.1M | $74.7M | 30x | as long as short |
| ApeX Omni BNBUSDT | +0.0100% | 1h | 791.37 | −1.704% | $159K | $441K | 50x | as long as short |
| Polymarket Perps BNB-USD | +0.0100% | 1h | 789.74 | −1.907% | $133K | $949K | 10x | as long as short |
| Derive BNB-PERP | +0.0100% | 1h | 789.91 | −1.886% | $31K | $12K | 10x | as long as short |
| SunX BNB-USDT | +0.0100% | 8h | 790.41 | −1.824% | $12K | $1.5M | 50x | as long as short |
| SoDEX BNB-USD | +0.0100% | 1h | 789.90 | −1.887% | $388K | $1.0M | 10x | as long as short |
| HTX BNB-USDT | +0.0100% | 8h | 789.81 | −1.898% | $8.1M | $9.2M | 75x | as long as short |
| Paradex BNB-USD-PERP | +0.0102% | 8h | 790.34 | −1.832% | $77K | $17K | 50x | as long as short |
| Extended BNB-USD | +0.0104% | 1h | 789.10 | −1.986% | $1.8M | $5.9M | 50x | as long as short |
| Aevo BNB-PERP | +0.0104% | 1h | 789.72 | −1.910% | $379K | $110K | 10x | as long as short |
| Phoenix BNB | +0.0107% | 1h | 791.64 | −1.671% | $170K | $35K | 10x | as long as short |
| GRVT BNB_USDT_Perp | +0.0141% | 8h | 791.87 | −1.642% | $2.9M | $27.9M | 10x | as long as short |
| Kalshi KXBNBPERP | +0.0185% | 8h | 790.70 | −1.787% | $104K | $2.7M | 4.8x | as long as short |
| dYdX BNB-USD | +0.0187% | 1h | 789.66 | −1.916% | $160K | $63K | 10x | as long as short |
| BloFin BNB-USDTshort | +0.0191% | 8h | 791.02 | −1.748% | $18.2M | $2.2M | 75x | |
| 01 Exchange BNBUSD | +0.0280% | 1h | 790.47 | −1.816% | $28K | $4K | 10x | as long as short |
| Deribit BNB_USDC-PERPETUAL | +0.0300% | 1h | 790.21 | −1.848% | $1.5M | $143K | 25x | as long as short |
| Reya BNBRUSDPERP | +0.0327% | 1h | 789.44 | −1.944% | $6K | $3K | 40x | as long as short |
| RISEx BNB/USDC | +0.0361% | 1h | 790.10 | −1.862% | $1.1M | $979K | 20x | as long as short |
| Bulk BNB-USD | +0.0366% | 1h | 792.18 | −1.603% | $641K | $9K | 10x | as long as short |
| Hibachi BNB/USDT-P | +0.0576% | 1h | 790.63 | −1.796% | $68K | $38K | 12x | as long as short |
Binance BNBUSDT
Kraken Futures PF_BNBUSD
Lighter BNB
Orderly PERP_BNB_USDC
Nado BNB-PERP
Hyperliquid BNB
Pacifica BNB
Bybit BNBUSDT
OKX BNB-USDT-SWAP
Arcus BNB-USD
Gate BNB_USDT
KuCoin BNBUSDTM
Bitget BNBUSDT
Backpack BNB_USDC_PERP
Variational Omni BNB
edgeX BNBUSDC
ApeX Omni BNBUSDT
Polymarket Perps BNB-USD
Derive BNB-PERP
SunX BNB-USDT
SoDEX BNB-USD
HTX BNB-USDT
Paradex BNB-USD-PERP
Extended BNB-USD
Aevo BNB-PERP
Phoenix BNB
GRVT BNB_USDT_Perp
Kalshi KXBNBPERP
dYdX BNB-USD
01 Exchange BNBUSD
Deribit BNB_USDC-PERPETUAL
Reya BNBRUSDPERP
RISEx BNB/USDC
Bulk BNB-USD
Hibachi BNB/USDT-P