BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0067%/8h= −7.3% APRnext payment −$0.08 per $10,000 · paid last 24h −0.001%

Price spread now: Injective against Polymarket Perps+2.579%7-day average −0.095% · you sell dearer than you buy

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

Long on Polymarket Perps Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days−0.091%−$9 on $10k

Price spread, last 4 days (all we have)−3.294%−$329 · spread now +2.579%, 7d avg −0.095%

Together, before fees−3.385%−$339 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Injective is 2.674% dearer against Polymarket Perps than usual: you sell high and buy low (spread +2.579% now, against its 7-day average of −0.095%): +$267 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 4 months.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps BNB-USD	784.85	0.0100	pay 0.0013% / 1h	33m 01s	$131K	$924K	10x
Short	Injective BNB/USDC PERP	805.09	0.0033	get 0.0004% / 1h	33m 01s	$19K	$789K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against Polymarket Perps. 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 Polymarket PerpsbpFee InjectivebpOrdersPrice spread, now +2.579%Rate

Funding earned: −$14
Price spread: +2.579% → −0.095%: $267.42
Slippage, 4 orders: no order book: not counted
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $245.4
Costs to cover: 0.080%
Break-even: from the start

Slippage unknown: Polymarket Perps: live order book, 65 min ago; 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 Polymarket Perps live order book, 65 min ago	3.12 bp	7.8 bp −$8	8.0 bp −$80	27.2 bp −$2,715	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

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	784.67	−0.023%	$43K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	785.08	+0.029%	$4K	—	25x	as long as short
Kraken Futures PF_BNBUSD	−0.0021%	1h	784.95	+0.013%	$2.5M	$1.2M	50x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	786.06	+0.154%	$3.0M	$27.5M	10x	as long as short
StandX BNB-USD	0.0000%	1h	786.04	+0.152%	$848K	$2.7M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	784.79	−0.007%	$9.5M	—	150x	as long as short
Aster BNBUSDT	+0.0022%	8h	785.40	+0.070%	$5.9M	$18.4M	200x	as long as short
BingX BNB-USDC	+0.0032%	8h	785.34	+0.062%	—	$13.4M	—	as long as short
Injective BNB/USDC PERPshort	+0.0033%	1h	805.09	+2.579%	$19K	$789K	30x
MEXC BNB_USDT	+0.0038%	8h	786.50	+0.210%	$82.3M	$12.2M	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	+0.0038%	8h	785.36	+0.065%	$488.1M	$810.5M	75x	as long as short
Lighter BNB	+0.0096%	1h	784.95	+0.012%	$2.7M	$3.6M	20x	as long as short
Nado BNB-PERP	+0.0100%	1h	784.45	−0.051%	$1.3M	$2.6M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	785.51	+0.084%	$51.5M	$17.6M	10x	as long as short
Pacifica BNB	+0.0100%	1h	784.91	+0.008%	$1.2M	$937K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	784.67	−0.023%	$138.2M	$73.1M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	784.60	−0.032%	$53.3M	$110.3M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	784.90	+0.006%	$52K	$125K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	784.90	+0.006%	$39.3M	$55.7M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	784.59	−0.033%	$27.7M	$10.2M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	784.47	−0.048%	$75.3M	$32.4M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	785.50	+0.083%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	785.32	+0.060%	$4.3M	$4.9M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	785.91	+0.135%	$4.1M	$76.2M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	786.17	+0.168%	$158K	$440K	50x	as long as short
Polymarket Perps BNB-USDlong	+0.0100%	1h	784.85	long leg	$131K	$924K	10x
Orderly PERP_BNB_USDC	+0.0100%	8h	784.72	−0.017%	$264K	$358K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	785.63	+0.100%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	785.23	+0.048%	$12K	$1.5M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	784.90	+0.006%	$386K	$942K	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	784.51	−0.043%	$8.0M	$10.3M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	785.27	+0.054%	$78K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	784.45	−0.051%	$1.8M	$5.8M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	784.73	−0.015%	$377K	$110K	10x	as long as short
Kalshi KXBNBPERP	+0.0111%	8h	785.70	+0.108%	$159K	$2.6M	4.8x	as long as short
Coinbase International BNB-PERP-INTX	+0.0120%	1h	785.76	+0.116%	$547K	$1.9M	50x	as long as short
Phoenix BNB	+0.0120%	1h	785.84	+0.126%	$158K	$38K	10x	as long as short
dYdX BNB-USD	+0.0143%	1h	784.84	−0.001%	$157K	$64K	10x	as long as short
BloFin BNB-USDT	+0.0153%	8h	785.36	+0.065%	$17.8M	$2.2M	75x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0200%	1h	785.13	+0.036%	$1.5M	$141K	25x	as long as short
Bulk BNB-USD	+0.0212%	1h	785.97	+0.143%	$637K	$831	10x	as long as short
Phemex BNBUSDT	+0.0229%	8h	785.55	+0.089%	$68.4M	$51.0M	50x	as long as short
01 Exchange BNBUSD	+0.0232%	1h	785.24	+0.050%	$28K	$3K	10x	as long as short
Reya BNBRUSDPERP	+0.0319%	1h	785.01	+0.020%	$6K	$3K	40x	as long as short
RISEx BNB/USDC	+0.0355%	1h	784.99	+0.018%	$1.1M	$911K	20x	as long as short
Hibachi BNB/USDT-P	+0.0408%	1h	785.69	+0.108%	$67K	$39K	12x	as long as short