BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0222%/8h= +24.3% APRnext payment +$0.28 per $10,000 · paid last 24h +0.044%

Price spread now: Bulk against Injective−2.343%7-day average +0.290% · you buy dearer than you sell

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

Long on Injective Short on Bulk

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.234%+$23 on $10k

Price spread, last 4 days (all we have)+2.903%+$290 · spread now −2.343%, 7d avg +0.290%

Together, before fees+3.137%+$314 on $10k · with fees, hour by hour

Funding pays, the price is against you. Bulk is 2.632% cheaper against Injective than usual: you would sell low and buy high (spread −2.343% now, against its 7-day average of +0.290%). If the spread goes back, that is −$263 on $10k: about 39 days of funding at the current rate (+$7 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	34m 25s	$19K	$789K	30x
Short	Bulk BNB-USD	786.23	0.0256	get 0.0032% / 1h	34m 25s	$637K	$10K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bulk 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 BulkbpOrdersPrice spread, now −2.343%Rate

Funding earned: $46.68
Price spread: −2.343% → +0.290%: −$263.22
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Bulk: 3.5 bp × 2 orders: −$7
Net: −$223.56
Costs to cover: 0.070%
Break-even: 40.5 days

Slippage unknown: Injective: no order-book sample; Bulk: live order book, 15 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 Bulk live order book, 15 min ago	0.06 bp	3.6 bp −$4	3.7 bp −$37	9.2 bp −$916	21.9 bp −$11.0K

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 −0.0192% / S +0.0356%	1h	785.09	−2.484%	$46K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	786.02	−2.369%	$4K	$42	25x	as long as short
StandX BNB-USD	0.0000%	1h	787.58	−2.175%	$849K	$3.0M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	785.13	−2.479%	$9.5M	—	150x	as long as short
Aster BNBUSDT	+0.0030%	8h	785.98	−2.374%	$6.1M	$19.0M	200x	as long as short
Injective BNB/USDC PERPlong	+0.0033%	1h	805.09	long leg	$19K	$789K	30x
BingX BNB-USDC	+0.0041%	8h	785.46	−2.438%	—	$13.4M	—	as long as short
Phemex BNBUSDT	+0.0045%	8h	787.23	−2.218%	$68.9M	$50.6M	50x	as long as short
MEXC BNB_USDT	+0.0052%	8h	786.40	−2.321%	$79.7M	$11.8M	200x	as long as short
Binance BNBUSDT	+0.0053%	8h	785.76	−2.401%	$489.1M	$808.7M	75x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_BNBUSD	+0.0069%	1h	786.66	−2.289%	$2.5M	$1.2M	50x	as long as short
Coinbase International BNB-PERP-INTX	+0.0080%	1h	786.23	−2.343%	$576K	$1.9M	50x	as long as short
Lighter BNB	+0.0096%	1h	785.82	−2.394%	$2.7M	$3.8M	20x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	785.15	−2.477%	$264K	$490K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	785.40	−2.446%	$1.4M	$2.7M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	786.04	−2.366%	$51.6M	$17.5M	10x	as long as short
Pacifica BNB	+0.0100%	1h	785.92	−2.381%	$1.2M	$933K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	785.10	−2.483%	$137.9M	$74.5M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	785.00	−2.495%	$53.3M	$112.0M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	785.80	−2.396%	$52K	$129K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	785.30	−2.458%	$36.3M	$58.4M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	785.22	−2.468%	$27.5M	$10.2M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	784.90	−2.508%	$76.0M	$30.7M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	786.83	−2.268%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	786.03	−2.368%	$4.0M	$4.9M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	786.25	−2.340%	$4.1M	$75.0M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	786.54	−2.304%	$158K	$438K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	785.33	−2.454%	$131K	$952K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	785.24	−2.465%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	787.53	−2.181%	$12K	$1.5M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	787.00	−2.247%	$387K	$995K	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	786.53	−2.305%	$8.0M	$9.9M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	785.98	−2.374%	$76K	$17K	50x	as long as short
dYdX BNB-USD	+0.0100%	1h	785.67	−2.412%	$159K	$61K	10x	as long as short
Extended BNB-USD	+0.0104%	1h	785.34	−2.453%	$1.8M	$6.4M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	785.08	−2.486%	$377K	$110K	10x	as long as short
Phoenix BNB	+0.0107%	1h	786.44	−2.317%	$169K	$35K	10x	as long as short
Kalshi KXBNBPERP	+0.0144%	8h	786.90	−2.259%	$141K	$2.7M	4.8x	as long as short
BloFin BNB-USDT	+0.0173%	8h	787.24	−2.217%	$17.8M	$2.2M	75x	as long as short
GRVT BNB_USDT_Perp	+0.0205%	8h	786.66	−2.289%	$2.9M	$29.3M	10x	as long as short
Bulk BNB-USDshort	+0.0256%	1h	786.23	−2.343%	$637K	$10K	10x
01 Exchange BNBUSD	+0.0288%	1h	786.11	−2.358%	$28K	$4K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	785.46	−2.438%	$1.5M	$143K	25x	as long as short
Reya BNBRUSDPERP	+0.0323%	1h	785.26	−2.463%	$6K	$3K	40x	as long as short
RISEx BNB/USDC	+0.0432%	1h	785.91	−2.382%	$1.1M	$909K	20x	as long as short
Hibachi BNB/USDT-P	+0.0480%	1h	786.93	−2.256%	$67K	$39K	12x	as long as short