BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0071%/8h= +7.7% APRnext payment +$0.09 per $10,000 · paid last 24h +0.002%

Price spread now: Extended against Injective−2.608%100s7-day average +0.077% · you buy dearer than you sell

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

Long on Injective Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.105%+$10 on $10k

Price spread, last 4 days (all we have)+2.994%+$299 · spread now −2.608%, 7d avg +0.077%

Together, before fees+3.099%+ Points / potential airdropExtended: Active · farm board+$310 on $10k · with fees, hour by hour

Funding pays, the price is against you. Extended is 2.685% cheaper against Injective than usual: you would sell low and buy high (spread −2.608% now, against its 7-day average of +0.077%). If the spread goes back, that is −$269 on $10k: about 4 months of funding at the current rate (+$2 a day). The two prices were read 100 seconds apart, so part of this spread may be the market moving, not a spread.

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	19m 29s	$19K	$789K	30x
Short	Extended BNB-USD	784.09	0.0104	get 0.0013% / 1h	19m 29s	$1.8M	$5.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −2.608%Rate

Funding earned: $14.84
Price spread: −2.608% → +0.077%: −$268.52
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$258.7
Costs to cover: 0.050%
Break-even: 129.0 days

Slippage unknown: Injective: no order-book sample; Extended: 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 Extended live order book, 4 min ago	0.06 bp	4.2 bp −$4	5.8 bp −$58	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 −0.0168% / S +0.0337%	1h	784.29	−2.584%	$43K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	784.51	−2.556%	$4K	$42	25x	as long as short
Kraken Futures PF_BNBUSD	−0.0050%	1h	784.15	−2.601%	$2.5M	$1.2M	50x	as long as short
Kalshi KXBNBPERP	0.0000%	8h	784.50	−2.557%	$171K	$2.7M	4.8x	as long as short
StandX BNB-USD	0.0000%	1h	784.69	−2.534%	$846K	$2.7M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	784.76	−2.525%	$9.5M	—	150x	as long as short
Injective BNB/USDC PERPlong	+0.0033%	1h	805.09	long leg	$19K	$789K	30x
Aster BNBUSDT	+0.0034%	8h	785.26	−2.462%	$6.0M	$18.8M	200x	as long as short
BingX BNB-USDC	+0.0039%	8h	784.24	−2.590%	—	$13.4M	—	as long as short
MEXC BNB_USDT	+0.0048%	8h	785.90	−2.384%	$80.8M	$12.0M	200x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance BNBUSDT	+0.0049%	8h	785.35	−2.452%	$487.7M	$819.8M	75x	as long as short
Phemex BNBUSDT	+0.0074%	8h	784.81	−2.519%	$68.5M	$51.2M	50x	as long as short
Lighter BNB	+0.0096%	1h	784.56	−2.551%	$2.7M	$3.8M	20x	as long as short
Phoenix BNB	+0.0100%	1h	784.53	−2.554%	$160K	$35K	10x	as long as short
Nado BNB-PERP	+0.0100%	1h	784.25	−2.589%	$1.3M	$2.7M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	785.34	−2.453%	$51.5M	$17.6M	10x	as long as short
Pacifica BNB	+0.0100%	1h	784.66	−2.537%	$1.2M	$938K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	784.51	−2.556%	$138.0M	$74.4M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	784.50	−2.557%	$53.3M	$112.4M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	784.80	−2.520%	$52K	$125K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	784.65	−2.539%	$38.2M	$58.5M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	784.51	−2.556%	$27.6M	$10.2M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	784.48	−2.560%	$75.3M	$32.6M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	784.72	−2.530%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	783.41	−2.693%	$4.0M	$4.7M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	783.84	−2.639%	$4.1M	$76.5M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	784.61	−2.544%	$158K	$437K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	784.66	−2.538%	$131K	$944K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	784.12	−2.605%	$264K	$388K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	784.17	−2.599%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	784.64	−2.540%	$12K	$1.5M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	784.40	−2.570%	$386K	$967K	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	784.35	−2.577%	$8.0M	$10.4M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	784.90	−2.508%	$78K	$17K	50x	as long as short
Extended BNB-USDshort	+0.0104%	1h	784.09	−2.608%	$1.8M	$5.8M	50x
Aevo BNB-PERP	+0.0104%	1h	784.14	−2.602%	$377K	$110K	10x	as long as short
Coinbase International BNB-PERP-INTX	+0.0104%	1h	784.48	−2.560%	$546K	$1.9M	50x	as long as short
dYdX BNB-USD	+0.0107%	1h	784.27	−2.586%	$159K	$62K	10x	as long as short
BloFin BNB-USDT	+0.0169%	8h	784.71	−2.531%	$17.7M	$2.2M	75x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0200%	1h	784.57	−2.549%	$1.5M	$141K	25x	as long as short
GRVT BNB_USDT_Perp	+0.0217%	8h	784.43	−2.566%	$2.9M	$28.3M	10x	as long as short
Bulk BNB-USD	+0.0231%	1h	784.93	−2.504%	$636K	$831	10x	as long as short
01 Exchange BNBUSD	+0.0248%	1h	785.35	−2.452%	$28K	$4K	10x	as long as short
Reya BNBRUSDPERP	+0.0320%	1h	784.41	−2.569%	$6K	$3K	40x	as long as short
RISEx BNB/USDC	+0.0350%	1h	784.94	−2.503%	$1.1M	$906K	20x	as long as short
Hibachi BNB/USDT-P	+0.0456%	1h	784.12	−2.604%	$67K	$39K	12x	as long as short