BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0682%/8h= −74.7% APRnext payment −$0.85 per $10,000 · paid last 24h −0.113%

Price spread now: GMX against Injective−0.747%57s7-day average — · you buy dearer than you sell

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

Long on Injective Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$20 a day on $10k at the current rate, and GMX is 0.747% cheaper against Injective than usual: you would sell low and buy high (−$75 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 57 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	0.0311	pay 0.0039% / 1h	8m 12s	$19K	$789K	30x
Short	GMX BNB/USD [WBTC.b-USDC]	799.08	L −0.0201% / S +0.0372%	pay 0.0046% / 1h	8m 12s	$47K	—	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX 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 GMXbpOrdersPrice spread, now −0.747%Rate

Funding earned: −$143.27
Price spread: −0.747% → 0.000%: −$74.71
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee GMX: 6 bp × 2 orders: −$12
Net: −$230
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Injective: no order-book sample; GMX: no order-book sample. 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 GMX no order-book sample	—	—	—	—	—

Injective and GMX: 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]short	L −0.0201% / S +0.0372%	1h	799.08	−0.747%	$47K	—	200x
Hotstuff BNB-PERP	−0.0080%	1h	800.25	−0.601%	$4K	$1K	25x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	800.06	−0.625%	$3.0M	$29.4M	10x	as long as short
StandX BNB-USD	0.0000%	1h	800.63	−0.554%	$865K	$2.9M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	799.08	−0.747%	$9.7M	—	150x	as long as short
Variational Omni BNB	+0.0030%	8h	799.14	−0.739%	$4.2M	$5.4M	—	as long as short
BingX BNB-USDC	+0.0055%	8h	799.11	−0.743%	—	$13.3M	—	as long as short
Bybit BNBUSDT	+0.0065%	8h	798.60	−0.806%	$139.0M	$78.5M	75x	as long as short
Aster BNBUSDT	+0.0096%	8h	799.58	−0.684%	$6.3M	$19.0M	200x	as long as short
Lighter BNB	+0.0096%	1h	799.10	−0.744%	$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	799.10	−0.744%	$608K	$992K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	798.74	−0.789%	$1.4M	$2.7M	20x	as long as short
Pacifica BNB	+0.0100%	1h	800.07	−0.624%	$1.2M	$926K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	798.70	−0.794%	$54.6M	$113.5M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	800.00	−0.632%	$53K	$151K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	798.75	−0.787%	$35.7M	$58.9M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	798.78	−0.784%	$27.9M	$10.3M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	798.64	−0.801%	$80.6M	$26.6M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	800.16	−0.612%	$4.2M	$77.2M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	800.33	−0.591%	$161K	$442K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	799.26	−0.724%	$121K	$872K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	798.92	−0.766%	$386K	$489K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	799.06	−0.748%	$32K	$5K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	800.47	−0.573%	$13K	$1.7M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	799.00	−0.756%	$393K	$1.0M	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	799.09	−0.745%	$8.2M	$7.9M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	800.39	−0.584%	$78K	$19K	50x	as long as short
Kalshi KXBNBPERP	+0.0100%	8h	799.90	−0.645%	$123K	$2.9M	4.8x	as long as short
Extended BNB-USD	+0.0104%	1h	798.52	−0.816%	$1.9M	$6.3M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	799.12	−0.742%	$384K	$40K	10x	as long as short
MEXC BNB_USDT	+0.0116%	8h	799.80	−0.657%	$83.1M	$13.8M	200x	as long as short
Binance BNBUSDT	+0.0116%	8h	799.48	−0.697%	$502.1M	$820.9M	75x	as long as short
Phemex BNBUSDT	+0.0116%	8h	799.46	−0.699%	$69.9M	$51.2M	50x	as long as short
Phoenix BNB	+0.0155%	1h	800.04	−0.627%	$172K	$35K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0200%	1h	799.37	−0.711%	$1.6M	$165K	25x	as long as short
Kraken Futures PF_BNBUSD	+0.0207%	1h	798.75	−0.787%	$2.6M	$966K	50x	as long as short
Hibachi BNB/USDT-P	+0.0216%	1h	799.95	−0.638%	$71K	$48K	12x	as long as short
BloFin BNB-USDT	+0.0236%	8h	800.36	−0.588%	$18.3M	$2.5M	75x	as long as short
Bulk BNB-USD	+0.0298%	1h	800.20	−0.607%	$650K	$21K	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	799.90	−0.645%	$1.1M	$1.4M	20x	as long as short
Hyperliquid BNB	+0.0320%	1h	799.69	−0.671%	$51.7M	$21.6M	10x	as long as short
01 Exchange BNBUSD	+0.0320%	1h	800.38	−0.585%	$28K	$1K	10x	as long as short
Reya BNBRUSDPERP	+0.0332%	1h	798.57	−0.809%	$6K	$3K	40x	as long as short
dYdX BNB-USD	+0.0349%	1h	799.29	−0.720%	$161K	$62K	10x	as long as short
Backpack BNB_USDC_PERP	+0.0570%	1h	799.79	−0.658%	$2.7M	$5.7M	40x	as long as short