BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0092%/8h= +10.0% APRnext payment +$0.11 per $10,000 · paid last 24h +0.005%

Price spread now: SoDEX against Injective−2.085%7-day average +0.209% · you buy dearer than you sell

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

Long on Injective Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.019%+$2 on $10k

Price spread, last 4 days (all we have)+2.575%+$258 · spread now −2.085%, 7d avg +0.209%

Together, before fees+2.594%+$259 on $10k · with fees, hour by hour

Funding pays, the price is against you. SoDEX is 2.295% cheaper against Injective than usual: you would sell low and buy high (spread −2.085% now, against its 7-day average of +0.209%). If the spread goes back, that is −$229 on $10k: about 3 months of funding at the current rate (+$3 a day). At the pace of the last 3 days (+0.019% in total) that is about 14 months.

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	6m 47s	$19K	$789K	30x
Short	SoDEX BNB-USD	788.30	0.0125	get 0.0016% / 1h	6m 47s	$388K	$989K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now −2.085%Rate

Funding earned: $19.22
Price spread: −2.085% → +0.209%: −$229.47
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$218.28
Costs to cover: 0.080%
Break-even: 86.5 days

Slippage unknown: Injective: no order-book sample; SoDEX: live order book, 52 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 SoDEX live order book, 52 min ago	0.64 bp	4.6 bp −$5	8.5 bp −$85	82.0 bp −$8,199	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 −0.0192% / S +0.0356%	1h	788.03	−2.118%	$46K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	788.21	−2.097%	$4K	$42	25x	as long as short
StandX BNB-USD	0.0000%	1h	789.04	−1.994%	$851K	$2.9M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	788.06	−2.115%	$9.5M	—	150x	as long as short
Injective BNB/USDC PERPlong	+0.0033%	1h	805.09	long leg	$19K	$789K	30x
Aster BNBUSDT	+0.0043%	8h	788.85	−2.017%	$6.1M	$19.1M	200x	as long as short
BingX BNB-USDT	+0.0050%	8h	788.69	−2.037%	—	$22.2M	—	as long as short
Phemex BNBUSDT	+0.0063%	8h	788.84	−2.018%	$69.0M	$50.8M	50x	as long as short
MEXC BNB_USDT	+0.0066%	8h	789.40	−1.949%	$81.0M	$12.1M	200x	as long as short
Binance BNBUSDT	+0.0067%	8h	789.01	−1.997%	$491.2M	$815.4M	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	788.12	−2.108%	$2.5M	$1.2M	50x	as long as short
Coinbase International BNB-PERP-INTX	+0.0080%	1h	788.38	−2.076%	$569K	$1.9M	50x	as long as short
Lighter BNB	+0.0096%	1h	788.60	−2.048%	$2.7M	$3.8M	20x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	788.23	−2.094%	$265K	$490K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	787.75	−2.154%	$1.4M	$2.7M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	789.09	−1.987%	$51.7M	$17.6M	10x	as long as short
Pacifica BNB	+0.0100%	1h	788.71	−2.035%	$1.2M	$933K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	788.41	−2.072%	$138.8M	$75.1M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	788.60	−2.048%	$53.6M	$113.3M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	788.80	−2.023%	$52K	$129K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	788.25	−2.092%	$36.9M	$59.5M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	788.34	−2.081%	$27.7M	$10.2M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	788.37	−2.077%	$76.3M	$31.1M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	788.44	−2.068%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	787.91	−2.134%	$4.0M	$4.8M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	788.22	−2.096%	$4.1M	$75.6M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	787.81	−2.146%	$159K	$437K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	788.00	−2.123%	$132K	$951K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	788.43	−2.070%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	788.73	−2.032%	$12K	$1.5M	50x	as long as short
HTX BNB-USDT	+0.0100%	8h	788.17	−2.101%	$8.0M	$10.1M	75x	as long as short
Paradex BNB-USD-PERP	+0.0101%	8h	788.96	−2.003%	$77K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	787.73	−2.157%	$1.8M	$6.2M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	788.24	−2.093%	$379K	$110K	10x	as long as short
Phoenix BNB	+0.0107%	1h	787.87	−2.139%	$169K	$35K	10x	as long as short
SoDEX BNB-USDshort	+0.0125%	1h	788.30	−2.085%	$388K	$989K	10x
dYdX BNB-USD	+0.0138%	1h	788.46	−2.066%	$160K	$62K	10x	as long as short
Kalshi KXBNBPERP	+0.0138%	8h	788.40	−2.073%	$163K	$2.7M	4.8x	as long as short
BloFin BNB-USDT	+0.0187%	8h	788.82	−2.021%	$17.6M	$2.2M	75x	as long as short
GRVT BNB_USDT_Perp	+0.0221%	8h	788.50	−2.061%	$2.9M	$29.5M	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	788.64	−2.043%	$1.5M	$143K	25x	as long as short
01 Exchange BNBUSD	+0.0312%	1h	788.78	−2.026%	$28K	$4K	10x	as long as short
Reya BNBRUSDPERP	+0.0323%	1h	787.90	−2.135%	$6K	$3K	40x	as long as short
Bulk BNB-USD	+0.0378%	1h	788.15	−2.104%	$639K	$4K	10x	as long as short
RISEx BNB/USDC	+0.0432%	1h	788.41	−2.071%	$1.1M	$902K	20x	as long as short
Hibachi BNB/USDT-P	+0.0552%	1h	788.50	−2.061%	$68K	$39K	12x	as long as short