Funding you earn now, next payment 09:00 UTC+0.0120%/8h= +13.1% APRpaid last 24h +0.034%
Price spread now: BloFin against Injective−2.451%7-day average +0.195% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.285%+$29 on $10k
+Price spread, last 4 days (all we have)+2.912%+$291 · spread now −2.451%, 7d avg +0.195%
=Funding pays, the price is against you. BloFin is 2.645% cheaper against Injective than usual: you would sell low and buy high (spread −2.451% now, against its 7-day average of +0.195%). If the spread goes back, that is −$265 on $10k: about 2 months of funding at the current rate (+$4 a day).
| 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 | 33m 02s | $19K | $789K | 30x |
| Short | BloFin BNB-USDT | 785.36 | 0.0153 | get 0.0153% / 8h | 7h 33m | $17.8M | $2.2M | 75x |
Injective BNB/USDC PERP
BloFin BNB-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Injective. 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
- $25.16
- Price spread: −2.451% → +0.195%
- −$264.53
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$251.4
- Costs to cover
- 0.120%
- Break-even
- 77.0 days
Slippage unknown: Injective: no order-book sample; BloFin: live order book, 6 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 BloFin live order book, 6 min ago | 0.06 bp | 6.1 bp −$6 | 6.8 bp −$68 | 12.2 bp −$1,224 | 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 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 −0.0166% / S +0.0337% | 1h | 784.67 | −2.537% | $43K | — | 200x | as long as short |
| Hotstuff BNB-PERP | −0.0080% | 1h | 785.08 | −2.485% | $4K | — | 25x | as long as short |
| Kraken Futures PF_BNBUSD | −0.0021% | 1h | 784.95 | −2.502% | $2.5M | $1.2M | 50x | as long as short |
| GRVT BNB_USDT_Perp | 0.0000% | 8h | 786.06 | −2.364% | $3.0M | $27.5M | 10x | as long as short |
| StandX BNB-USD | 0.0000% | 1h | 786.04 | −2.366% | $848K | $2.7M | 30x | as long as short |
| gTrade (Gains Network) BNB/USD | L +0.0007% / S −0.0007% | 1h | 784.79 | −2.521% | $9.5M | — | 150x | as long as short |
| Aster BNBUSDT | +0.0022% | 8h | 785.30 | −2.459% | $5.9M | $18.4M | 200x | as long as short |
| BingX BNB-USDT | +0.0032% | 8h | 785.01 | −2.494% | — | $22.1M | — | as long as short |
| Injective BNB/USDC PERPlong | +0.0033% | 1h | 805.09 | long leg | $19K | $789K | 30x | |
| MEXC BNB_USDT | +0.0038% | 8h | 786.40 | −2.321% | $82.3M | $12.2M | 200x | as long as short |
GMX BNB/USD [WBTC.b-USDC]
Hotstuff BNB-PERP
Kraken Futures PF_BNBUSD
GRVT BNB_USDT_Perp
StandX BNB-USD
gTrade (Gains Network) BNB/USD
Aster BNBUSDT
BingX BNB-USDT
MEXC BNB_USDTShow all 46 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance BNBUSDT | +0.0038% | 8h | 785.32 | −2.455% | $488.1M | $810.4M | 75x | as long as short |
| Lighter BNB | +0.0096% | 1h | 784.95 | −2.502% | $2.7M | $3.6M | 20x | as long as short |
| Nado BNB-PERP | +0.0100% | 1h | 784.45 | −2.564% | $1.3M | $2.6M | 20x | as long as short |
| Hyperliquid BNB | +0.0100% | 1h | 785.51 | −2.432% | $51.5M | $17.6M | 10x | as long as short |
| Pacifica BNB | +0.0100% | 1h | 784.91 | −2.506% | $1.2M | $937K | 20x | as long as short |
| Bybit BNBUSDT | +0.0100% | 8h | 784.69 | −2.534% | $138.2M | $73.1M | 75x | as long as short |
| OKX BNB-USDT-SWAP | +0.0100% | 8h | 784.60 | −2.545% | $53.3M | $110.3M | 50x | as long as short |
| Arcus BNB-USD | +0.0100% | 1h | 784.90 | −2.508% | $52K | $125K | 10x | as long as short |
| Gate BNB_USDT | +0.0100% | 8h | 784.90 | −2.508% | $39.3M | $55.7M | 75x | as long as short |
| KuCoin BNBUSDTM | +0.0100% | 8h | 784.45 | −2.564% | $27.7M | $10.2M | 75x | as long as short |
| Bitget BNBUSDT | +0.0100% | 8h | 784.45 | −2.564% | $75.2M | $32.4M | 75x | as long as short |
| Backpack BNB_USDC_PERP | +0.0100% | 1h | 785.50 | −2.433% | $2.2M | $6.1M | 40x | as long as short |
| Variational Omni BNB | +0.0100% | 8h | 785.32 | −2.456% | $4.3M | $4.9M | — | as long as short |
| edgeX BNBUSDC | +0.0100% | 4h | 785.91 | −2.383% | $4.1M | $76.2M | 30x | as long as short |
| ApeX Omni BNBUSDT | +0.0100% | 1h | 786.17 | −2.350% | $158K | $440K | 50x | as long as short |
| Polymarket Perps BNB-USD | +0.0100% | 1h | 784.85 | −2.514% | $131K | $924K | 10x | as long as short |
| Orderly PERP_BNB_USDC | +0.0100% | 8h | 784.72 | −2.530% | $264K | $358K | 50x | as long as short |
| Derive BNB-PERP | +0.0100% | 1h | 785.63 | −2.417% | $31K | $12K | 10x | as long as short |
| SunX BNB-USDT | +0.0100% | 8h | 785.23 | −2.467% | $12K | $1.5M | 50x | as long as short |
| SoDEX BNB-USD | +0.0100% | 1h | 784.90 | −2.508% | $386K | $942K | 10x | as long as short |
| HTX BNB-USDT | +0.0100% | 8h | 784.51 | −2.556% | $8.0M | $10.3M | 75x | as long as short |
| Paradex BNB-USD-PERP | +0.0100% | 8h | 785.27 | −2.462% | $78K | $17K | 50x | as long as short |
| Extended BNB-USD | +0.0104% | 1h | 784.25 | −2.589% | $1.8M | $5.8M | 50x | as long as short |
| Aevo BNB-PERP | +0.0104% | 1h | 784.73 | −2.529% | $377K | $110K | 10x | as long as short |
| Kalshi KXBNBPERP | +0.0111% | 8h | 785.70 | −2.408% | $159K | $2.6M | 4.8x | as long as short |
| Coinbase International BNB-PERP-INTX | +0.0120% | 1h | 785.76 | −2.401% | $547K | $1.9M | 50x | as long as short |
| Phoenix BNB | +0.0120% | 1h | 785.84 | −2.391% | $158K | $38K | 10x | as long as short |
| dYdX BNB-USD | +0.0143% | 1h | 784.84 | −2.515% | $157K | $64K | 10x | as long as short |
| BloFin BNB-USDTshort | +0.0153% | 8h | 785.36 | −2.451% | $17.8M | $2.2M | 75x | |
| Deribit BNB_USDC-PERPETUAL | +0.0200% | 1h | 785.13 | −2.479% | $1.5M | $141K | 25x | as long as short |
| Bulk BNB-USD | +0.0212% | 1h | 785.97 | −2.375% | $637K | $831 | 10x | as long as short |
| Phemex BNBUSDT | +0.0229% | 8h | 785.55 | −2.427% | $68.4M | $51.0M | 50x | as long as short |
| 01 Exchange BNBUSD | +0.0232% | 1h | 785.24 | −2.466% | $28K | $3K | 10x | as long as short |
| Reya BNBRUSDPERP | +0.0319% | 1h | 785.01 | −2.494% | $6K | $3K | 40x | as long as short |
| RISEx BNB/USDC | +0.0355% | 1h | 784.99 | −2.496% | $1.1M | $911K | 20x | as long as short |
| Hibachi BNB/USDT-P | +0.0408% | 1h | 785.69 | −2.409% | $67K | $39K | 12x | as long as short |
Binance BNBUSDT
Lighter BNB
Nado BNB-PERP
Hyperliquid BNB
Pacifica BNB
Bybit BNBUSDT
OKX BNB-USDT-SWAP
Arcus BNB-USD
Gate BNB_USDT
KuCoin BNBUSDTM
Bitget BNBUSDT
Backpack BNB_USDC_PERP
Variational Omni BNB
edgeX BNBUSDC
ApeX Omni BNBUSDT
Polymarket Perps BNB-USD
Orderly PERP_BNB_USDC
Derive BNB-PERP
SunX BNB-USDT
SoDEX BNB-USD
HTX BNB-USDT
Paradex BNB-USD-PERP
Extended BNB-USD
Aevo BNB-PERP
Kalshi KXBNBPERP
Coinbase International BNB-PERP-INTX
Phoenix BNB
dYdX BNB-USD
Deribit BNB_USDC-PERPETUAL
Bulk BNB-USD
Phemex BNBUSDT
01 Exchange BNBUSD
Reya BNBRUSDPERP
RISEx BNB/USDC
Hibachi BNB/USDT-P