BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0089%/8h= −9.8% APRnext payment −$0.11 per $10,000 · paid last 24h −0.005%

Price spread now: Injective against SoDEX+2.065%62s7-day average −0.209% · you sell dearer than you buy

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

Long on SoDEX Short on Injective

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)−2.555%−$256 · spread now +2.065%, 7d avg −0.209%

Together, before fees−2.574%−$257 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Injective is 2.274% dearer against SoDEX than usual: you sell high and buy low (spread +2.065% now, against its 7-day average of −0.209%): +$227 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 3 months. At the pace of the last 3 days (−0.019% in total) that is about 14 months. The two prices were read 62 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	SoDEX BNB-USD	788.80	0.0122	pay 0.0015% / 1h	6m 18s	$388K	$989K	10x
Short	Injective BNB/USDC PERP	805.09	0.0033	get 0.0004% / 1h	6m 18s	$19K	$789K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against SoDEX. 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 SoDEXbpFee InjectivebpOrdersPrice spread, now +2.065%Rate

Funding earned: −$18.7
Price spread: +2.065% → −0.209%: $227.44
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $200.72
Costs to cover: 0.080%
Break-even: from the start

Slippage unknown: SoDEX: live order book, 52 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 SoDEX live order book, 52 min ago	0.64 bp	5.3 bp −$5	9.0 bp −$90	85.3 bp −$8,533	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 −0.0192% / S +0.0356%	1h	788.50	−0.038%	$46K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	788.21	−0.075%	$4K	$42	25x	as long as short
StandX BNB-USD	0.0000%	1h	788.92	+0.015%	$851K	$2.9M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	788.52	−0.035%	$9.5M	—	150x	as long as short
Injective BNB/USDC PERPshort	+0.0033%	1h	805.09	+2.065%	$19K	$789K	30x
Aster BNBUSDT	+0.0043%	8h	789.25	+0.057%	$6.1M	$19.1M	200x	as long as short
BingX BNB-USDT	+0.0050%	8h	788.74	−0.008%	—	$22.2M	—	as long as short
Phemex BNBUSDT	+0.0063%	8h	788.84	+0.005%	$69.0M	$50.8M	50x	as long as short
MEXC BNB_USDT	+0.0066%	8h	789.40	+0.076%	$81.0M	$12.1M	200x	as long as short
Binance BNBUSDT	+0.0067%	8h	789.25	+0.057%	$491.3M	$815.8M	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	788.55	−0.032%	$2.5M	$1.2M	50x	as long as short
Coinbase International BNB-PERP-INTX	+0.0080%	1h	788.38	−0.053%	$569K	$1.9M	50x	as long as short
Lighter BNB	+0.0096%	1h	788.60	−0.026%	$2.7M	$3.8M	20x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	788.67	−0.016%	$265K	$490K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	788.15	−0.082%	$1.4M	$2.7M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	789.21	+0.052%	$51.7M	$17.6M	10x	as long as short
Pacifica BNB	+0.0100%	1h	788.71	−0.011%	$1.2M	$933K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	788.57	−0.029%	$138.8M	$75.0M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	788.70	−0.013%	$53.6M	$113.3M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	788.80	0.000%	$52K	$129K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	788.55	−0.032%	$36.9M	$59.5M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	788.34	−0.058%	$27.7M	$10.2M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	788.43	−0.047%	$76.3M	$31.1M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	788.44	−0.046%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	787.91	−0.113%	$4.0M	$4.8M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	788.22	−0.074%	$4.1M	$75.6M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	787.81	−0.126%	$159K	$437K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	788.44	−0.046%	$132K	$951K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	788.88	+0.010%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	789.13	+0.041%	$12K	$1.5M	50x	as long as short
HTX BNB-USDT	+0.0100%	8h	788.17	−0.079%	$8.0M	$10.1M	75x	as long as short
Paradex BNB-USD-PERP	+0.0101%	8h	788.96	+0.021%	$77K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	788.38	−0.053%	$1.8M	$6.2M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	788.68	−0.015%	$379K	$110K	10x	as long as short
Phoenix BNB	+0.0107%	1h	787.87	−0.118%	$169K	$35K	10x	as long as short
SoDEX BNB-USDlong	+0.0122%	1h	788.80	long leg	$388K	$989K	10x
dYdX BNB-USD	+0.0138%	1h	788.46	−0.043%	$160K	$62K	10x	as long as short
Kalshi KXBNBPERP	+0.0138%	8h	788.40	−0.051%	$163K	$2.7M	4.8x	as long as short
BloFin BNB-USDT	+0.0187%	8h	788.82	+0.003%	$17.6M	$2.2M	75x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0200%	1h	789.04	+0.030%	$1.5M	$143K	25x	as long as short
GRVT BNB_USDT_Perp	+0.0221%	8h	788.50	−0.038%	$2.9M	$29.5M	10x	as long as short
01 Exchange BNBUSD	+0.0312%	1h	789.20	+0.051%	$28K	$4K	10x	as long as short
Reya BNBRUSDPERP	+0.0323%	1h	788.30	−0.063%	$6K	$3K	40x	as long as short
Bulk BNB-USD	+0.0378%	1h	788.15	−0.083%	$639K	$4K	10x	as long as short
RISEx BNB/USDC	+0.0432%	1h	788.90	+0.013%	$1.1M	$902K	20x	as long as short
Hibachi BNB/USDT-P	+0.0560%	1h	788.09	−0.090%	$67K	$39K	12x	as long as short