Settings8H · net · $10k
Funding arb · Price arb /

BNB

all BNB markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC−0.0122%/8h= −13.3% APRnext payment $0.15 per $10,000 · paid last 24h −0.020%
Price spread now: Injective against RISEx+1.277%7-day average −0.348% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.103%−$10 on $10k
Price spread, last 3 days (all we have)−1.751%−$175 · spread now +1.277%, 7d avg −0.348%
Together, before fees−1.854%−$185 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Injective is 1.625% dearer against RISEx than usual: you sell high and buy low (spread +1.277% now, against its 7-day average of −0.348%): +$162 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 45 days.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongRISEx BNB/USDC794.940.0155pay 0.0019% / 1h0m 44s$1.1M$1.4M20x
ShortInjective BNB/USDC PERP805.090.0033get 0.0004% / 1h0m 44s$19K$789K30x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Injective against RISEx. 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
−$25.52
Price spread: +1.277% → −0.348%
$162.48
Slippage, 4 orders
no order book: not counted
Fee RISEx: 3 bp × 2 orders
−$6
Fee Injective: 0.01 bp × 2 orders
−$0.02
Net
$130.94
Costs to cover
0.060%
Break-even
from the start
Slippage unknown: RISEx: live order book, 3 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
LegHalf-spread$10k$100k$1M$5M
Buy RISEx live order book, 3 min ago2.01 bp5.0 bp −$59.1 bp −$91doesn't fitdoesn'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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GMX BNB/USD [WBTC.b-USDC]L −0.0159% / S +0.0335%1h794.49−0.056%$47K200xas long as short
Kraken Futures PF_BNBUSD−0.0121%1h794.35−0.074%$2.5M$1.0M50xas long as short
Hotstuff BNB-PERP−0.0080%1h795.13+0.024%$4K$23925xas long as short
Gate BNB_USDT−0.0012%8h793.90−0.131%$35.5M$57.6M75xas long as short
GRVT BNB_USDT_Perp0.0000%8h797.56+0.330%$3.0M$27.9M10xas long as short
StandX BNB-USD0.0000%1h796.25+0.165%$860K$3.0M30xas long as short
gTrade (Gains Network) BNB/USDL +0.0008% / S −0.0007%1h794.50−0.055%$9.7M150xas long as short
Variational Omni BNB+0.0009%8h794.01−0.117%$4.1M$5.1Mas long as short
Phemex BNBUSDT+0.0027%8h794.96+0.003%$69.4M$50.4M50xas long as short
Injective BNB/USDC PERPshort+0.0033%1h805.09+1.277%$19K$789K30x
Show all 46 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster BNBUSDT+0.0040%8h794.47−0.059%$6.1M$19.7M200xas long as short
Coinbase International BNB-PERP-INTX+0.0048%1h794.91−0.004%$608K$1.1M50xas long as short
BingX BNB-USDT+0.0055%8h794.18−0.095%$34.9Mas long as short
Binance BNBUSDT+0.0066%8h794.39−0.069%$493.5M$814.9M75xas long as short
Bybit BNBUSDT+0.0067%8h793.60−0.168%$137.8M$76.7M75xas long as short
MEXC BNB_USDT+0.0067%8h794.70−0.030%$82.5M$13.8M200xas long as short
Lighter BNB+0.0096%1h794.35−0.073%$2.8M$4.0M20xas long as short
Phoenix BNB+0.0099%1h795.43+0.062%$171K$36K10xas long as short
Orderly PERP_BNB_USDC+0.0100%8h794.35−0.074%$384K$468K50xas long as short
Nado BNB-PERP+0.0100%1h794.45−0.061%$1.4M$2.7M20xas long as short
Pacifica BNB+0.0100%1h794.24−0.088%$1.2M$930K20xas long as short
OKX BNB-USDT-SWAP+0.0100%8h793.70−0.156%$53.5M$111.2M50xas long as short
Arcus BNB-USD+0.0100%1h795.10+0.020%$52K$127K10xas long as short
KuCoin BNBUSDTM+0.0100%8h794.01−0.117%$27.7M$10.0M75xas long as short
Bitget BNBUSDT+0.0100%8h793.78−0.146%$77.7M$28.1M75xas long as short
edgeX BNBUSDC+0.0100%4h796.74+0.227%$4.1M$76.7M30xas long as short
ApeX Omni BNBUSDT+0.0100%1h797.11+0.273%$161K$435K50xas long as short
Polymarket Perps BNB-USD+0.0100%1h794.58−0.045%$113K$889K10xas long as short
Derive BNB-PERP+0.0100%1h794.45−0.061%$32K$9K10xas long as short
SunX BNB-USDT+0.0100%8h794.87−0.008%$12K$1.6M50xas long as short
SoDEX BNB-USD+0.0100%1h794.50−0.055%$391K$995K10xas long as short
HTX BNB-USDT+0.0100%8h794.26−0.085%$8.1M$8.4M75xas long as short
Paradex BNB-USD-PERP+0.0100%8h794.24−0.088%$77K$18K50xas long as short
Extended BNB-USD+0.0104%1h793.59−0.169%$1.8M$6.0M50xas long as short
Aevo BNB-PERP+0.0104%1h794.35−0.074%$382K$110K10xas long as short
Bulk BNB-USD+0.0133%1h798.69+0.472%$649K$10K10xas long as short
RISEx BNB/USDClong+0.0155%1h794.94long leg$1.1M$1.4M20x
Kalshi KXBNBPERP+0.0163%8h795.50+0.071%$103K$2.8M4.8xas long as short
dYdX BNB-USD+0.0179%1h794.00−0.118%$160K$63K10xas long as short
BloFin BNB-USDT+0.0187%8h794.80−0.017%$18.1M$2.5M75xas long as short
01 Exchange BNBUSD+0.0200%1h795.29+0.044%$28K$1K10xas long as short
Deribit BNB_USDC-PERPETUAL+0.0200%1h794.70−0.030%$1.6M$161K25xas long as short
Hyperliquid BNB+0.0273%1h794.86−0.010%$52.8M$20.1M10xas long as short
Reya BNBRUSDPERP+0.0329%1h794.25−0.086%$6K$3K40xas long as short
Hibachi BNB/USDT-P+0.0408%1h796.08+0.144%$68K$38K12xas long as short
Backpack BNB_USDC_PERP+0.0424%1h794.95+0.002%$2.7M$5.7M40xas long as short