Funding you earn now, next payment 10:00 UTC+0.0013%/8h= +1.4% APRpaid last 24h +0.002%
Price spread now: Injective against Binance+2.257%7-day average −0.154% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.044%−$4 on $10k
+Price spread, last 4 days (all we have)−2.892%−$289 · spread now +2.257%, 7d avg −0.154%
=Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and Injective is 2.411% dearer against Binance than usual: you sell high and buy low: +$241 more if the spread goes back to its 7-day average of −0.154%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance BNBUSDT | 787.32 | 0.0020 | pay 0.0020% / 8h | 6h 18m | $481.7M | $779.9M | 75x |
| Short | Injective BNB/USDC PERP | 805.09 | 0.0033 | get 0.0004% / 1h | 18m 54s | $19K | $789K | 30x |
Binance BNBUSDT
Injective BNB/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against Binance. 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
- $2.78
- Price spread: +2.257% → −0.154%
- $241.1
- Slippage, 4 orders
- no order book: not counted
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- $233.85
- Costs to cover
- 0.100%
- Break-even
- from the start
Slippage unknown: Binance: 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| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Binance live order book, 3 min ago | 0.06 bp | 5.7 bp −$6 | 7.0 bp −$70 | 15.9 bp −$1,593 | 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 45 exchanges
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 +0.0336% | 1h | 786.58 | −0.094% | $43K | — | 200x | as long as short |
| Hotstuff BNB-PERP | −0.0080% | 1h | 787.15 | −0.022% | $4K | — | 25x | as long as short |
| Aster BNBUSDT | 0.0000% | 8h | 787.21 | −0.015% | $5.9M | $17.4M | 200x | as long as short |
| GRVT BNB_USDT_Perp | 0.0000% | 8h | 787.34 | +0.002% | $3.0M | $26.4M | 10x | as long as short |
| Kalshi KXBNBPERP | 0.0000% | 8h | 787.00 | −0.041% | $158K | $2.5M | 4.8x | as long as short |
| StandX BNB-USD | 0.0000% | 1h | 786.95 | −0.047% | $849K | $2.8M | 30x | as long as short |
| gTrade (Gains Network) BNB/USD | L +0.0007% / S −0.0007% | 1h | 786.58 | −0.094% | $9.5M | — | 150x | as long as short |
| MEXC BNB_USDT | +0.0020% | 8h | 788.30 | +0.124% | $83.3M | $12.2M | 200x | as long as short |
| Binance BNBUSDTlong | +0.0020% | 8h | 787.32 | long leg | $481.7M | $779.9M | 75x | |
| Injective BNB/USDC PERPshort | +0.0033% | 1h | 805.09 | +2.257% | $19K | $789K | 30x |
GMX BNB/USD [WBTC.b-USDC]
Hotstuff BNB-PERP
Aster BNBUSDT
GRVT BNB_USDT_Perp
Kalshi KXBNBPERP
StandX BNB-USD
gTrade (Gains Network) BNB/USD
MEXC BNB_USDTShow all 45 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_BNBUSD | +0.0035% | 1h | 786.56 | −0.097% | $2.5M | $1.3M | 50x | as long as short |
| Bybit BNBUSDT | +0.0073% | 8h | 786.60 | −0.092% | $138.6M | $68.4M | 75x | as long as short |
| BloFin BNB-USDT | +0.0080% | 8h | 787.36 | +0.005% | $17.6M | $2.2M | 75x | as long as short |
| Phoenix BNB | +0.0094% | 1h | 787.39 | +0.009% | $158K | $45K | 10x | as long as short |
| Lighter BNB | +0.0096% | 1h | 786.81 | −0.065% | $2.7M | $3.4M | 20x | as long as short |
| Phemex BNBUSDT | +0.0097% | 8h | 787.29 | −0.004% | $68.4M | $51.2M | 50x | as long as short |
| Nado BNB-PERP | +0.0100% | 1h | 786.50 | −0.104% | $1.4M | $2.4M | 20x | as long as short |
| Hyperliquid BNB | +0.0100% | 1h | 787.53 | +0.026% | $51.8M | $17.0M | 10x | as long as short |
| Pacifica BNB | +0.0100% | 1h | 786.85 | −0.060% | $1.2M | $933K | 20x | as long as short |
| OKX BNB-USDT-SWAP | +0.0100% | 8h | 786.80 | −0.066% | $53.5M | $104.3M | 50x | as long as short |
| Arcus BNB-USD | +0.0100% | 1h | 787.00 | −0.041% | $57K | $122K | 10x | as long as short |
| Gate BNB_USDT | +0.0100% | 8h | 786.65 | −0.085% | $40.7M | $55.3M | 75x | as long as short |
| KuCoin BNBUSDTM | +0.0100% | 8h | 786.34 | −0.125% | $28.2M | $9.7M | 75x | as long as short |
| Bitget BNBUSDT | +0.0100% | 8h | 786.59 | −0.093% | $75.5M | $32.3M | 75x | as long as short |
| BingX BNB-USDC | +0.0100% | 8h | 787.17 | −0.019% | — | $13.4M | — | as long as short |
| Backpack BNB_USDC_PERP | +0.0100% | 1h | 787.10 | −0.028% | $2.2M | $6.1M | 40x | as long as short |
| Variational Omni BNB | +0.0100% | 8h | 786.49 | −0.106% | $4.3M | $4.5M | — | as long as short |
| edgeX BNBUSDC | +0.0100% | 4h | 787.61 | +0.037% | $4.1M | $75.5M | 30x | as long as short |
| ApeX Omni BNBUSDT | +0.0100% | 1h | 787.82 | +0.063% | $159K | $445K | 50x | as long as short |
| Polymarket Perps BNB-USD | +0.0100% | 1h | 786.83 | −0.062% | $130K | $911K | 10x | as long as short |
| Orderly PERP_BNB_USDC | +0.0100% | 8h | 786.66 | −0.084% | $264K | $299K | 50x | as long as short |
| SunX BNB-USDT | +0.0100% | 8h | 787.34 | +0.002% | $12K | $1.4M | 50x | as long as short |
| SoDEX BNB-USD | +0.0100% | 1h | 786.80 | −0.066% | $387K | $928K | 10x | as long as short |
| HTX BNB-USDT | +0.0100% | 8h | 786.95 | −0.047% | $8.0M | $10.2M | 75x | as long as short |
| Paradex BNB-USD-PERP | +0.0100% | 8h | 787.12 | −0.026% | $78K | $337K | 50x | as long as short |
| Extended BNB-USD | +0.0104% | 1h | 786.11 | −0.154% | $1.8M | $5.6M | 50x | as long as short |
| Aevo BNB-PERP | +0.0104% | 1h | 786.66 | −0.084% | $378K | $110K | 10x | as long as short |
| Coinbase International BNB-PERP-INTX | +0.0136% | 1h | 786.42 | −0.115% | $544K | $1.9M | 50x | as long as short |
| Deribit BNB_USDC-PERPETUAL | +0.0200% | 1h | 786.98 | −0.043% | $1.5M | $158K | 25x | as long as short |
| Bulk BNB-USD | +0.0212% | 1h | 787.70 | +0.049% | $638K | $0 | 10x | as long as short |
| 01 Exchange BNBUSD | +0.0240% | 1h | 787.35 | +0.004% | $28K | $3K | 10x | as long as short |
| Reya BNBRUSDPERP | +0.0318% | 1h | 786.32 | −0.128% | $6K | $3K | 40x | as long as short |
| RISEx BNB/USDC | +0.0345% | 1h | 787.23 | −0.012% | $1.1M | $910K | 20x | as long as short |
| Hibachi BNB/USDT-P | +0.0352% | 1h | 786.97 | −0.045% | $67K | $37K | 12x | as long as short |
| dYdX BNB-USD | +0.0377% | 1h | 786.57 | −0.095% | $158K | $38K | 10x | as long as short |
Kraken Futures PF_BNBUSD
Bybit BNBUSDT
BloFin BNB-USDT
Phoenix BNB
Lighter BNB
Phemex BNBUSDT
Nado BNB-PERP
Hyperliquid BNB
Pacifica BNB
OKX BNB-USDT-SWAP
Arcus BNB-USD
Gate BNB_USDT
KuCoin BNBUSDTM
Bitget BNBUSDT
BingX BNB-USDC
Backpack BNB_USDC_PERP
Variational Omni BNB
edgeX BNBUSDC
ApeX Omni BNBUSDT
Polymarket Perps BNB-USD
Orderly PERP_BNB_USDC
SunX BNB-USDT
SoDEX BNB-USD
HTX BNB-USDT
Paradex BNB-USD-PERP
Extended BNB-USD
Aevo BNB-PERP
Coinbase International BNB-PERP-INTX
Deribit BNB_USDC-PERPETUAL
Bulk BNB-USD
01 Exchange BNBUSD
Reya BNBRUSDPERP
RISEx BNB/USDC
Hibachi BNB/USDT-P
dYdX BNB-USD