BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0071%/8h= +7.7% APRnext payment +$0.09 per $10,000 · paid last 24h +0.002%

Price spread now: Aevo against Injective−2.390%59s7-day average +0.065% · you buy dearer than you sell

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

Long on Injective Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 7 days+0.079%+$8 on $10k

Price spread, last 4 days (all we have)+2.877%+$288 · spread now −2.390%, 7d avg +0.065%

Together, before fees+2.956%+$296 on $10k · with fees, hour by hour

Funding pays, the price is against you. Aevo is 2.455% cheaper against Injective than usual: you would sell low and buy high (spread −2.390% now, against its 7-day average of +0.065%). If the spread goes back, that is −$246 on $10k: about 4 months of funding at the current rate (+$2 a day). The two prices were read 59 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	Injective BNB/USDC PERP	805.09	0.0033	pay 0.0004% / 1h	49m 42s	$19K	$789K	30x
Short	Aevo BNB-PERP	785.85	0.0104	get 0.0013% / 1h	49m 42s	$377K	$110K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Injective. 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 InjectivebpFee AevobpOrdersPrice spread, now −2.390%Rate

Funding earned: $14.84
Price spread: −2.390% → +0.065%: −$245.5
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$246.68
Costs to cover: 0.160%
Break-even: 123.4 days

Slippage unknown: Injective: no order-book sample; Aevo: live order book, 57 min ago. 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 Injective no order-book sample	—	—	—	—	—
Sell Aevo live order book, 57 min ago	19.71 bp	29.5 bp −$30	30.2 bp −$302	60.9 bp −$6,088	doesn't fit

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 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	786.31	−2.333%	$43K	—	200x	as long as short
Kraken Futures PF_BNBUSD	−0.0138%	1h	785.54	−2.428%	$2.6M	$1.4M	50x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	786.45	−2.315%	$4K	—	25x	as long as short
Bybit BNBUSDT	−0.0061%	8h	784.70	−2.533%	$138.4M	$66.1M	75x	as long as short
BingX BNB-USDT	−0.0050%	8h	785.31	−2.457%	—	$50.3M	—	as long as short
Aster BNBUSDT	0.0000%	8h	785.61	−2.420%	$5.9M	$16.8M	200x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	787.72	−2.158%	$2.9M	$26.7M	10x	as long as short
Kalshi KXBNBPERP	0.0000%	8h	786.50	−2.309%	$153K	$2.5M	4.8x	as long as short
StandX BNB-USD	0.0000%	1h	786.90	−2.259%	$849K	$3.0M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	786.23	−2.342%	$9.5M	—	150x	as long as short

Show all 46 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC BNB_USDT	+0.0008%	8h	786.50	−2.309%	$83.3M	$11.5M	200x	as long as short
Binance BNBUSDT	+0.0008%	8h	785.55	−2.427%	$479.7M	$753.8M	75x	as long as short
Injective BNB/USDC PERPlong	+0.0033%	1h	805.09	long leg	$19K	$789K	30x
BloFin BNB-USDT	+0.0037%	8h	786.54	−2.304%	$18.5M	$2.3M	75x	as long as short
Phemex BNBUSDT	+0.0077%	8h	785.85	−2.390%	$68.2M	$50.3M	50x	as long as short
Variational Omni BNB	+0.0087%	8h	785.24	−2.465%	$4.3M	$4.3M	—	as long as short
Lighter BNB	+0.0096%	1h	785.09	−2.484%	$2.7M	$2.9M	20x	as long as short
Nado BNB-PERP	+0.0100%	1h	786.05	−2.365%	$1.3M	$2.3M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	785.62	−2.418%	$52.0M	$16.4M	10x	as long as short
Pacifica BNB	+0.0100%	1h	785.23	−2.467%	$1.2M	$927K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	785.00	−2.495%	$53.3M	$99.8M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	785.50	−2.433%	$57K	$124K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	785.30	−2.458%	$42.1M	$51.7M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	784.92	−2.505%	$28.1M	$9.6M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	784.81	−2.519%	$75.4M	$30.7M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	785.87	−2.387%	$2.2M	$6.0M	40x	as long as short
edgeX BNBUSDC	+0.0100%	4h	787.64	−2.168%	$4.1M	$71.4M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	787.46	−2.190%	$158K	$459K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	786.20	−2.346%	$126K	$909K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	785.92	−2.381%	$264K	$258K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	785.97	−2.375%	$31K	$10K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	786.62	−2.294%	$12K	$1.3M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	786.10	−2.359%	$386K	$923K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0100%	1h	786.17	−2.351%	$1.5M	$126K	25x	as long as short
HTX BNB-USDT	+0.0100%	8h	785.99	−2.372%	$8.0M	$9.9M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	785.61	−2.420%	$78K	$1.3M	50x	as long as short
Extended BNB-USD	+0.0104%	1h	784.73	−2.529%	$1.8M	$5.5M	50x	as long as short
Aevo BNB-PERPshort	+0.0104%	1h	785.85	−2.390%	$377K	$110K	10x
Phoenix BNB	+0.0116%	1h	787.45	−2.191%	$158K	$45K	10x	as long as short
Coinbase International BNB-PERP-INTX	+0.0136%	1h	785.93	−2.380%	$537K	$1.9M	50x	as long as short
01 Exchange BNBUSD	+0.0256%	1h	785.88	−2.386%	$28K	$3K	10x	as long as short
Hibachi BNB/USDT-P	+0.0272%	1h	786.13	−2.355%	$67K	$34K	12x	as long as short
Bulk BNB-USD	+0.0274%	1h	787.88	−2.138%	$638K	$10K	10x	as long as short
Reya BNBRUSDPERP	+0.0315%	1h	785.83	−2.393%	$6K	$3K	40x	as long as short
dYdX BNB-USD	+0.0326%	1h	785.22	−2.468%	$157K	$34K	10x	as long as short
RISEx BNB/USDC	+0.0391%	1h	785.53	−2.429%	$1.1M	$939K	20x	as long as short