BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0027%/8h= +3.0% APRnext payment +$0.03 per $10,000 · paid last 24h +0.085%

Price spread now: dYdX against Injective−2.232%7-day average +0.192% · you buy dearer than you sell

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

Long on Injective Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.559%+$56 on $10k

Price spread, last 4 days (all we have)+2.724%+$272 · spread now −2.232%, 7d avg +0.192%

Together, before fees+3.283%+$328 on $10k · with fees, hour by hour

Funding pays, the price is against you. dYdX is 2.424% cheaper against Injective than usual: you would sell low and buy high (spread −2.232% now, against its 7-day average of +0.192%). If the spread goes back, that is −$242 on $10k: about 10 months of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.559% in total) that is about 30 days.

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	49m 14s	$19K	$789K	30x
Short	dYdX BNB-USD	787.12	0.0060	get 0.0008% / 1h	49m 14s	$159K	$62K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against Injective. 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 InjectivebpFee dYdXbpOrdersPrice spread, now −2.232%Rate

Funding earned: $5.66
Price spread: −2.232% → +0.192%: −$242.36
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$246.72
Costs to cover: 0.100%
Break-even: 312.0 days

Slippage unknown: Injective: no order-book sample; dYdX: live order book, 60 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 dYdX live order book, 60 min ago	11.80 bp	25.5 bp −$25	67.8 bp −$678	112.2 bp −$11.2K	148.7 bp −$74.4K

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	786.51	−2.307%	$43K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	787.21	−2.221%	$4K	$42	25x	as long as short
StandX BNB-USD	0.0000%	1h	788.19	−2.099%	$850K	$2.9M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	786.58	−2.299%	$9.5M	—	150x	as long as short
Injective BNB/USDC PERPlong	+0.0033%	1h	805.09	long leg	$19K	$789K	30x
Aster BNBUSDT	+0.0048%	8h	787.16	−2.227%	$6.1M	$19.0M	200x	as long as short
BingX BNB-USDT	+0.0054%	8h	786.82	−2.269%	—	$22.3M	—	as long as short
dYdX BNB-USDshort	+0.0060%	1h	787.12	−2.232%	$159K	$62K	10x
MEXC BNB_USDT	+0.0066%	8h	787.60	−2.172%	$81.0M	$12.0M	200x	as long as short
Binance BNBUSDT	+0.0067%	8h	787.08	−2.237%	$490.3M	$816.5M	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	+0.0075%	8h	787.09	−2.236%	$68.9M	$51.1M	50x	as long as short
Coinbase International BNB-PERP-INTX	+0.0080%	1h	786.56	−2.302%	$568K	$1.9M	50x	as long as short
Lighter BNB	+0.0096%	1h	786.72	−2.282%	$2.7M	$3.8M	20x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	786.58	−2.299%	$265K	$471K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	786.15	−2.353%	$1.4M	$2.7M	20x	as long as short
Pacifica BNB	+0.0100%	1h	787.00	−2.247%	$1.2M	$933K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	786.60	−2.297%	$138.4M	$75.2M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	786.60	−2.297%	$53.5M	$113.1M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	786.90	−2.259%	$52K	$129K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	786.65	−2.290%	$37.1M	$58.7M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	786.29	−2.335%	$27.7M	$10.2M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	786.57	−2.300%	$76.2M	$31.1M	75x	as long as short
Variational Omni BNB	+0.0100%	8h	786.52	−2.307%	$4.0M	$4.8M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	786.76	−2.277%	$4.1M	$75.8M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	786.43	−2.318%	$158K	$436K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	786.50	−2.309%	$131K	$949K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	786.74	−2.279%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	787.25	−2.216%	$12K	$1.5M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	786.70	−2.284%	$387K	$986K	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	786.98	−2.250%	$8.0M	$10.2M	75x	as long as short
Paradex BNB-USD-PERP	+0.0101%	8h	787.07	−2.238%	$76K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	786.24	−2.341%	$1.8M	$6.2M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	786.54	−2.304%	$378K	$110K	10x	as long as short
Hyperliquid BNB	+0.0130%	1h	787.22	−2.220%	$51.5M	$17.6M	10x	as long as short
Kalshi KXBNBPERP	+0.0134%	8h	787.40	−2.197%	$170K	$2.7M	4.8x	as long as short
Phoenix BNB	+0.0135%	1h	787.01	−2.246%	$169K	$35K	10x	as long as short
Backpack BNB_USDC_PERP	+0.0172%	1h	787.13	−2.231%	$2.2M	$6.1M	40x	as long as short
BloFin BNB-USDT	+0.0187%	8h	787.17	−2.226%	$17.8M	$2.2M	75x	as long as short
Kraken Futures PF_BNBUSD	+0.0206%	1h	786.42	−2.319%	$2.5M	$1.2M	50x	as long as short
GRVT BNB_USDT_Perp	+0.0226%	8h	787.27	−2.213%	$2.9M	$29.5M	10x	as long as short
01 Exchange BNBUSD	+0.0272%	1h	787.27	−2.213%	$28K	$4K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	786.95	−2.253%	$1.5M	$143K	25x	as long as short
Reya BNBRUSDPERP	+0.0322%	1h	786.41	−2.321%	$6K	$3K	40x	as long as short
Bulk BNB-USD	+0.0328%	1h	787.20	−2.222%	$638K	$4K	10x	as long as short
RISEx BNB/USDC	+0.0438%	1h	787.02	−2.245%	$1.1M	$909K	20x	as long as short
Hibachi BNB/USDT-P	+0.0552%	1h	787.52	−2.183%	$67K	$39K	12x	as long as short