Funding you earn now, next payment 11:00 UTC−0.0030%/8h= −3.3% APRpaid last 24h −0.034%
Price spread now: Injective against BloFin+2.170%7-day average −0.168% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.256%−$26 on $10k
+Price spread, last 4 days (all we have)−2.678%−$268 · spread now +2.170%, 7d avg −0.168%
=The price spread pays, funding is against you. Injective is 2.338% dearer against BloFin than usual: you sell high and buy low (spread +2.170% now, against its 7-day average of −0.168%): +$234 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 9 months. At the pace of the last 7 days (−0.256% in total) that is about 2 months.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin BNB-USDT | 787.99 | 0.0063 | pay 0.0063% / 8h | 5h 51m | $18.4M | $2.2M | 75x |
| Short | Injective BNB/USDC PERP | 805.09 | 0.0033 | get 0.0004% / 1h | 51m 40s | $19K | $789K | 30x |
BloFin BNB-USDT
Injective BNB/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against BloFin. 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
- −$6.32
- Price spread: +2.170% → −0.168%
- $233.84
- Slippage, 4 orders
- no order book: not counted
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- $215.5
- Costs to cover
- 0.120%
- Break-even
- from the start
Slippage unknown: BloFin: live order book, 5 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 BloFin live order book, 5 min ago | 0.06 bp | 6.1 bp −$6 | 6.4 bp −$64 | 11.9 bp −$1,191 | 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 | 787.06 | −0.118% | $43K | — | 200x | as long as short |
| Kraken Futures PF_BNBUSD | −0.0085% | 1h | 787.00 | −0.126% | $2.5M | $1.2M | 50x | as long as short |
| Hotstuff BNB-PERP | −0.0080% | 1h | 788.09 | +0.013% | $4K | — | 25x | as long as short |
| Aster BNBUSDT | 0.0000% | 8h | 787.50 | −0.062% | $5.9M | $17.0M | 200x | as long as short |
| GRVT BNB_USDT_Perp | 0.0000% | 8h | 787.82 | −0.021% | $3.0M | $26.5M | 10x | as long as short |
| Kalshi KXBNBPERP | 0.0000% | 8h | 787.90 | −0.011% | $139K | $2.5M | 4.8x | as long as short |
| StandX BNB-USD | 0.0000% | 1h | 788.22 | +0.029% | $850K | $2.9M | 30x | as long as short |
| Deribit BNB_USDC-PERPETUAL | 0.0000% | 1h | 787.43 | −0.072% | $1.5M | $157K | 25x | as long as short |
| gTrade (Gains Network) BNB/USD | L +0.0007% / S −0.0007% | 1h | 787.21 | −0.099% | $9.5M | — | 150x | as long as short |
| MEXC BNB_USDT | +0.0015% | 8h | 788.60 | +0.077% | $83.3M | $11.7M | 200x | as long as short |
GMX BNB/USD [WBTC.b-USDC]
Kraken Futures PF_BNBUSD
Hotstuff BNB-PERP
Aster BNBUSDT
GRVT BNB_USDT_Perp
Kalshi KXBNBPERP
StandX BNB-USD
Deribit BNB_USDC-PERPETUAL
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 | |
|---|---|---|---|---|---|---|---|---|
| Binance BNBUSDT | +0.0015% | 8h | 787.46 | −0.067% | $481.3M | $765.3M | 75x | as long as short |
| Injective BNB/USDC PERPshort | +0.0033% | 1h | 805.09 | +2.170% | $19K | $789K | 30x | |
| Bybit BNBUSDT | +0.0041% | 8h | 786.60 | −0.176% | $138.5M | $66.6M | 75x | as long as short |
| BloFin BNB-USDTlong | +0.0063% | 8h | 787.99 | long leg | $18.4M | $2.2M | 75x | |
| Phemex BNBUSDT | +0.0093% | 8h | 787.76 | −0.029% | $68.5M | $51.0M | 50x | as long as short |
| Lighter BNB | +0.0096% | 1h | 787.08 | −0.116% | $2.7M | $3.3M | 20x | as long as short |
| Nado BNB-PERP | +0.0100% | 1h | 786.85 | −0.145% | $1.4M | $2.4M | 20x | as long as short |
| Hyperliquid BNB | +0.0100% | 1h | 787.51 | −0.061% | $51.8M | $16.8M | 10x | as long as short |
| Pacifica BNB | +0.0100% | 1h | 787.15 | −0.107% | $1.2M | $932K | 20x | as long as short |
| OKX BNB-USDT-SWAP | +0.0100% | 8h | 786.70 | −0.164% | $53.3M | $101.9M | 50x | as long as short |
| Arcus BNB-USD | +0.0100% | 1h | 787.30 | −0.088% | $57K | $122K | 10x | as long as short |
| Gate BNB_USDT | +0.0100% | 8h | 787.00 | −0.126% | $41.2M | $53.8M | 75x | as long as short |
| KuCoin BNBUSDTM | +0.0100% | 8h | 786.73 | −0.160% | $28.2M | $9.6M | 75x | as long as short |
| Bitget BNBUSDT | +0.0100% | 8h | 786.82 | −0.148% | $75.6M | $30.8M | 75x | as long as short |
| BingX BNB-USDC | +0.0100% | 8h | 787.05 | −0.119% | — | $13.4M | — | as long as short |
| Backpack BNB_USDC_PERP | +0.0100% | 1h | 787.53 | −0.058% | $2.2M | $6.0M | 40x | as long as short |
| Variational Omni BNB | +0.0100% | 8h | 786.85 | −0.145% | $4.3M | $4.5M | — | as long as short |
| edgeX BNBUSDC | +0.0100% | 4h | 787.81 | −0.023% | $4.1M | $74.6M | 30x | as long as short |
| ApeX Omni BNBUSDT | +0.0100% | 1h | 787.94 | −0.006% | $159K | $444K | 50x | as long as short |
| Polymarket Perps BNB-USD | +0.0100% | 1h | 787.02 | −0.123% | $130K | $905K | 10x | as long as short |
| Orderly PERP_BNB_USDC | +0.0100% | 8h | 787.11 | −0.112% | $264K | $297K | 50x | as long as short |
| SunX BNB-USDT | +0.0100% | 8h | 787.67 | −0.040% | $12K | $1.3M | 50x | as long as short |
| SoDEX BNB-USD | +0.0100% | 1h | 787.30 | −0.088% | $387K | $926K | 10x | as long as short |
| HTX BNB-USDT | +0.0100% | 8h | 787.41 | −0.074% | $8.0M | $10.0M | 75x | as long as short |
| Paradex BNB-USD-PERP | +0.0100% | 8h | 787.48 | −0.065% | $88K | $406K | 50x | as long as short |
| Extended BNB-USD | +0.0104% | 1h | 786.45 | −0.196% | $1.8M | $5.6M | 50x | as long as short |
| Aevo BNB-PERP | +0.0104% | 1h | 786.95 | −0.132% | $378K | $110K | 10x | as long as short |
| Phoenix BNB | +0.0120% | 1h | 787.92 | −0.009% | $158K | $45K | 10x | as long as short |
| Coinbase International BNB-PERP-INTX | +0.0120% | 1h | 787.48 | −0.065% | $545K | $1.9M | 50x | as long as short |
| 01 Exchange BNBUSD | +0.0240% | 1h | 787.65 | −0.043% | $28K | $3K | 10x | as long as short |
| Bulk BNB-USD | +0.0282% | 1h | 788.09 | +0.013% | $639K | $0 | 10x | as long as short |
| Reya BNBRUSDPERP | +0.0317% | 1h | 786.68 | −0.166% | $6K | $3K | 40x | as long as short |
| Hibachi BNB/USDT-P | +0.0320% | 1h | 787.44 | −0.070% | $67K | $37K | 12x | as long as short |
| RISEx BNB/USDC | +0.0393% | 1h | 787.24 | −0.096% | $1.1M | $901K | 20x | as long as short |
| dYdX BNB-USD | +0.1054% | 1h | 787.47 | −0.066% | $158K | $34K | 10x | as long as short |
Binance BNBUSDT
Bybit BNBUSDT
Phemex BNBUSDT
Lighter BNB
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
Phoenix BNB
Coinbase International BNB-PERP-INTX
01 Exchange BNBUSD
Bulk BNB-USD
Reya BNBRUSDPERP
Hibachi BNB/USDT-P
RISEx BNB/USDC
dYdX BNB-USD