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Funding arb · Price arb /

BNB

all BNB markets
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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 07:00 UTC+0.0239%/8h= +26.1% APRnext payment +$0.30 per $10,000 · paid last 24h +0.057%
Price spread now: 01 Exchange against Injective−2.123%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Long on InjectiveShort on 01 Exchange
What this pair did over the last
the charts below follow
Funding, last 4 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
Funding pays, the price is against you. 01 Exchange is 2.123% cheaper against Injective than usual: you would sell low and buy high (spread −2.123% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$212 on $10k: about 30 days of funding at the current rate (+$7 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongInjective BNB/USDC PERP805.090.0033pay 0.0004% / 1h49m 54s$19K$789K30x
Short01 Exchange BNBUSD788.000.0272get 0.0034% / 1h49m 54s$28K$4K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

01 Exchange 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

Funding earned
$50.12
Price spread: −2.123% → 0.000%
−$212.27
Slippage, 4 orders
no order book: not counted
Fee Injective: 0.01 bp × 2 orders
−$0.02
Fee 01 Exchange: 3.5 bp × 2 orders
−$7
Net
−$169.17
Costs to cover
0.070%
Break-even
30.6 days
Slippage unknown: Injective: no order-book sample; 01 Exchange: 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
LegHalf-spread$10k$100k$1M$5M
Buy Injective no order-book sample—————
Sell 01 Exchange no order-book sample—————
Injective and 01 Exchange: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GMX BNB/USD [WBTC.b-USDC]L −0.0170% / S +0.0337%1h787.27−2.213%$43K—200xas long as short
Hotstuff BNB-PERP−0.0080%1h786.57−2.300%$4K$4225xas long as short
StandX BNB-USD0.0000%1h787.31−2.208%$849K$2.9M30xas long as short
gTrade (Gains Network) BNB/USDL +0.0007% / S −0.0007%1h787.40−2.197%$9.5M—150xas long as short
Injective BNB/USDC PERPlong+0.0033%1h805.09long leg$19K$789K30x
Aster BNBUSDT+0.0048%8h787.48−2.187%$6.1M$19.0M200xas long as short
BingX BNB-USDC+0.0054%8h786.59−2.298%—$13.4M—as long as short
dYdX BNB-USD+0.0060%1h787.12−2.232%$159K$62K10xas long as short
MEXC BNB_USDT+0.0066%8h787.90−2.135%$81.0M$12.0M200xas long as short
Binance BNBUSDT+0.0067%8h787.44−2.192%$490.5M$816.5M75xas long as short
Show all 46 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Phemex BNBUSDT+0.0072%8h788.06−2.115%$68.9M$51.1M50xas long as short
Coinbase International BNB-PERP-INTX+0.0080%1h786.56−2.302%$568K$1.9M50xas long as short
Lighter BNB+0.0096%1h787.58−2.175%$2.7M$3.8M20xas long as short
Orderly PERP_BNB_USDC+0.0100%8h787.44−2.192%$265K$471K50xas long as short
Nado BNB-PERP+0.0100%1h786.15−2.353%$1.4M$2.7M20xas long as short
Pacifica BNB+0.0100%1h787.61−2.171%$1.2M$933K20xas long as short
Bybit BNBUSDT+0.0100%8h786.72−2.282%$138.5M$75.2M75xas long as short
OKX BNB-USDT-SWAP+0.0100%8h786.70−2.284%$53.5M$113.2M50xas long as short
Arcus BNB-USD+0.0100%1h787.60−2.172%$52K$129K10xas long as short
Gate BNB_USDT+0.0100%8h786.95−2.253%$37.1M$58.7M75xas long as short
KuCoin BNBUSDTM+0.0100%8h786.63−2.293%$27.7M$10.2M75xas long as short
Bitget BNBUSDT+0.0100%8h786.83−2.268%$76.2M$31.1M75xas long as short
Variational Omni BNB+0.0100%8h786.52−2.307%$4.0M$4.8M—as long as short
edgeX BNBUSDC+0.0100%4h786.76−2.277%$4.1M$75.8M30xas long as short
ApeX Omni BNBUSDT+0.0100%1h786.43−2.318%$158K$436K50xas long as short
Polymarket Perps BNB-USD+0.0100%1h787.24−2.217%$132K$949K10xas long as short
Derive BNB-PERP+0.0100%1h787.57−2.176%$31K$12K10xas long as short
SunX BNB-USDT+0.0100%8h787.92−2.133%$12K$1.5M50xas long as short
SoDEX BNB-USD+0.0100%1h787.50−2.185%$387K$986K10xas long as short
HTX BNB-USDT+0.0100%8h787.13−2.230%$8.0M$10.2M75xas long as short
Paradex BNB-USD-PERP+0.0101%8h787.80−2.147%$77K$17K50xas long as short
Extended BNB-USD+0.0104%1h786.74−2.279%$1.8M$6.2M50xas long as short
Aevo BNB-PERP+0.0104%1h787.45−2.191%$378K$110K10xas long as short
Kalshi KXBNBPERP+0.0134%8h787.90−2.135%$170K$2.7M4.8xas long as short
Phoenix BNB+0.0135%1h787.00−2.247%$169K$35K10xas long as short
Hyperliquid BNB+0.0138%1h787.99−2.124%$51.6M$17.6M10xas long as short
BloFin BNB-USDT+0.0187%8h787.31−2.208%$17.8M$2.2M75xas long as short
Backpack BNB_USDC_PERP+0.0190%1h787.87−2.139%$2.2M$6.1M40xas long as short
Kraken Futures PF_BNBUSD+0.0205%1h787.31−2.209%$2.5M$1.2M50xas long as short
GRVT BNB_USDT_Perp+0.0226%8h787.01−2.245%$2.9M$29.6M10xas long as short
01 Exchange BNBUSDshort+0.0272%1h788.00−2.123%$28K$4K10x
Deribit BNB_USDC-PERPETUAL+0.0300%1h787.79−2.149%$1.5M$143K25xas long as short
Reya BNBRUSDPERP+0.0322%1h787.11−2.234%$6K$3K40xas long as short
Bulk BNB-USD+0.0328%1h787.20−2.222%$638K$4K10xas long as short
RISEx BNB/USDC+0.0438%1h787.68−2.162%$1.1M$909K20xas long as short
Hibachi BNB/USDT-P+0.0560%1h786.62−2.294%$67K$39K12xas long as short