Funding you earn now, next payment 09:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h −0.001%
Price spread now: Injective against Orderly+2.693%58s7-day average −0.127% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.114%−$11 on $10k
+Price spread, last 4 days (all we have)−3.125%−$312 · spread now +2.693%, 7d avg −0.127%
=The price spread pays, funding is against you. Injective is 2.820% dearer against Orderly than usual: you sell high and buy low (spread +2.693% now, against its 7-day average of −0.127%): +$282 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 5 months. The two prices were read 58 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 | Orderly PERP_BNB_USDC | 783.98 | 0.0100 | pay 0.0100% / 8h | 7h 26m | $264K | $358K | 50x |
| Short | Injective BNB/USDC PERP | 805.09 | 0.0033 | get 0.0004% / 1h | 26m 09s | $19K | $789K | 30x |
Orderly PERP_BNB_USDC
Injective BNB/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against Orderly. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$14
- Price spread: +2.693% → −0.127%
- $281.98
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- $261.96
- Costs to cover
- 0.060%
- Break-even
- from the start
Slippage unknown: Orderly: no order-book sample; Injective: 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 Orderly no order-book sample | — | — | — | — | — |
| Sell Injective no order-book sample | — | — | — | — | — |
Orderly and 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 −0.0166% / S +0.0337% | 1h | 783.80 | −0.024% | $43K | — | 200x | as long as short |
| Hotstuff BNB-PERP | −0.0080% | 1h | 784.72 | +0.094% | $4K | — | 25x | as long as short |
| Kraken Futures PF_BNBUSD | −0.0021% | 1h | 783.96 | −0.003% | $2.5M | $1.2M | 50x | as long as short |
| GRVT BNB_USDT_Perp | 0.0000% | 8h | 784.92 | +0.119% | $3.0M | $27.3M | 10x | as long as short |
| StandX BNB-USD | 0.0000% | 1h | 785.05 | +0.136% | $847K | $2.7M | 30x | as long as short |
| gTrade (Gains Network) BNB/USD | L +0.0007% / S −0.0007% | 1h | 783.88 | −0.013% | $9.4M | — | 150x | as long as short |
| Aster BNBUSDT | +0.0018% | 8h | 784.52 | +0.069% | $5.9M | $18.2M | 200x | as long as short |
| BingX BNB-USDT | +0.0029% | 8h | 784.15 | +0.022% | — | $22.1M | — | as long as short |
| Injective BNB/USDC PERPshort | +0.0033% | 1h | 805.09 | +2.693% | $19K | $789K | 30x | |
| MEXC BNB_USDT | +0.0036% | 8h | 785.60 | +0.207% | $82.3M | $12.2M | 200x | as long as short |
GMX BNB/USD [WBTC.b-USDC]
Hotstuff BNB-PERP
Kraken Futures PF_BNBUSD
GRVT BNB_USDT_Perp
StandX BNB-USD
gTrade (Gains Network) BNB/USD
Aster BNBUSDT
BingX BNB-USDT
MEXC BNB_USDTShow all 46 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance BNBUSDT | +0.0036% | 8h | 784.73 | +0.095% | $487.3M | $806.9M | 75x | as long as short |
| Lighter BNB | +0.0096% | 1h | 784.01 | +0.004% | $2.7M | $3.7M | 20x | as long as short |
| Nado BNB-PERP | +0.0100% | 1h | 783.90 | −0.010% | $1.4M | $2.6M | 20x | as long as short |
| Hyperliquid BNB | +0.0100% | 1h | 784.41 | +0.055% | $51.4M | $17.6M | 10x | as long as short |
| Pacifica BNB | +0.0100% | 1h | 784.39 | +0.052% | $1.2M | $937K | 20x | as long as short |
| Bybit BNBUSDT | +0.0100% | 8h | 784.27 | +0.037% | $138.1M | $73.0M | 75x | as long as short |
| OKX BNB-USDT-SWAP | +0.0100% | 8h | 784.20 | +0.028% | $53.3M | $109.9M | 50x | as long as short |
| Arcus BNB-USD | +0.0100% | 1h | 784.20 | +0.028% | $52K | $125K | 10x | as long as short |
| Gate BNB_USDT | +0.0100% | 8h | 783.95 | −0.004% | $39.4M | $55.9M | 75x | as long as short |
| KuCoin BNBUSDTM | +0.0100% | 8h | 783.63 | −0.045% | $27.7M | $9.9M | 75x | as long as short |
| Bitget BNBUSDT | +0.0100% | 8h | 783.52 | −0.059% | $75.1M | $32.3M | 75x | as long as short |
| Backpack BNB_USDC_PERP | +0.0100% | 1h | 784.33 | +0.045% | $2.2M | $6.1M | 40x | as long as short |
| Variational Omni BNB | +0.0100% | 8h | 784.02 | +0.005% | $4.2M | $5.0M | — | as long as short |
| edgeX BNBUSDC | +0.0100% | 4h | 784.76 | +0.100% | $4.1M | $76.3M | 30x | as long as short |
| ApeX Omni BNBUSDT | +0.0100% | 1h | 784.99 | +0.129% | $158K | $439K | 50x | as long as short |
| Polymarket Perps BNB-USD | +0.0100% | 1h | 784.15 | +0.022% | $131K | $922K | 10x | as long as short |
| Orderly PERP_BNB_USDClong | +0.0100% | 8h | 783.98 | long leg | $264K | $358K | 50x | |
| Derive BNB-PERP | +0.0100% | 1h | 784.27 | +0.036% | $31K | $12K | 10x | as long as short |
| SunX BNB-USDT | +0.0100% | 8h | 784.45 | +0.060% | $12K | $1.5M | 50x | as long as short |
| SoDEX BNB-USD | +0.0100% | 1h | 784.10 | +0.015% | $386K | $941K | 10x | as long as short |
| Deribit BNB_USDC-PERPETUAL | +0.0100% | 1h | 784.40 | +0.053% | $1.5M | $141K | 25x | as long as short |
| HTX BNB-USDT | +0.0100% | 8h | 784.41 | +0.055% | $8.0M | $10.3M | 75x | as long as short |
| Paradex BNB-USD-PERP | +0.0100% | 8h | 784.59 | +0.077% | $88K | $42K | 50x | as long as short |
| Extended BNB-USD | +0.0104% | 1h | 783.52 | −0.059% | $1.8M | $5.8M | 50x | as long as short |
| Aevo BNB-PERP | +0.0104% | 1h | 783.88 | −0.013% | $377K | $110K | 10x | as long as short |
| Kalshi KXBNBPERP | +0.0108% | 8h | 785.40 | +0.181% | $159K | $2.6M | 4.8x | as long as short |
| Coinbase International BNB-PERP-INTX | +0.0120% | 1h | 785.76 | +0.227% | $547K | $1.9M | 50x | as long as short |
| Phoenix BNB | +0.0120% | 1h | 784.43 | +0.057% | $158K | $38K | 10x | as long as short |
| BloFin BNB-USDT | +0.0144% | 8h | 784.85 | +0.111% | $17.8M | $2.2M | 75x | as long as short |
| dYdX BNB-USD | +0.0161% | 1h | 784.13 | +0.019% | $157K | $65K | 10x | as long as short |
| Bulk BNB-USD | +0.0200% | 1h | 784.80 | +0.105% | $636K | $630 | 10x | as long as short |
| Phemex BNBUSDT | +0.0227% | 8h | 784.63 | +0.083% | $68.3M | $51.0M | 50x | as long as short |
| 01 Exchange BNBUSD | +0.0232% | 1h | 784.48 | +0.064% | $28K | $3K | 10x | as long as short |
| Reya BNBRUSDPERP | +0.0319% | 1h | 783.80 | −0.022% | $6K | $3K | 40x | as long as short |
| RISEx BNB/USDC | +0.0355% | 1h | 784.32 | +0.043% | $1.1M | $905K | 20x | as long as short |
| Hibachi BNB/USDT-P | +0.0416% | 1h | 784.66 | +0.086% | $67K | $39K | 12x | as long as short |
Binance BNBUSDT
Lighter BNB
Nado BNB-PERP
Hyperliquid BNB
Pacifica BNB
Bybit BNBUSDT
OKX BNB-USDT-SWAP
Arcus BNB-USD
Gate BNB_USDT
KuCoin BNBUSDTM
Bitget BNBUSDT
Backpack BNB_USDC_PERP
Variational Omni BNB
edgeX BNBUSDC
ApeX Omni BNBUSDT
Polymarket Perps BNB-USD
Derive BNB-PERP
SunX BNB-USDT
SoDEX BNB-USD
Deribit BNB_USDC-PERPETUAL
HTX BNB-USDT
Paradex BNB-USD-PERP
Extended BNB-USD
Aevo BNB-PERP
Kalshi KXBNBPERP
Coinbase International BNB-PERP-INTX
Phoenix BNB
BloFin BNB-USDT
dYdX BNB-USD
Bulk BNB-USD
Phemex BNBUSDT
01 Exchange BNBUSD
Reya BNBRUSDPERP
RISEx BNB/USDC
Hibachi BNB/USDT-P