BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0023%/8h= +2.5% APRnext payment +$0.03 per $10,000 · paid last 24h 0.000%

Price spread now: Coinbase International against Injective−1.917%64s7-day average +0.290% · you buy dearer than you sell

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

Long on Injective Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.103%+$10 on $10k

Price spread, last 3 days (all we have)+2.256%+$226 · spread now −1.917%, 7d avg +0.290%

Together, before fees+2.360%+$236 on $10k · with fees, hour by hour

Funding pays, the price is against you. Coinbase International is 2.206% cheaper against Injective than usual: you would sell low and buy high (spread −1.917% now, against its 7-day average of +0.290%). If the spread goes back, that is −$221 on $10k: about 11 months of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.103% in total) that is about 5 months. The two prices were read 64 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	59m 59s	$19K	$789K	30x
Short	Coinbase International BNB-PERP-INTX	789.66	0.0056	get 0.0007% / 1h	59m 59s	$619K	$1.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now −1.917%Rate

Funding earned: $4.76
Price spread: −1.917% → +0.290%: −$220.62
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$225.88
Costs to cover: 0.100%
Break-even: 339.2 days

Slippage unknown: Injective: no order-book sample; Coinbase International: live order book, 4 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 Coinbase International live order book, 4 min ago	1.20 bp	10.4 bp −$10	16.0 bp −$160	doesn't fit	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 45 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 −0.0167% / S +0.0335%	1h	788.73	−2.032%	$46K	—	200x	as long as short
Kraken Futures PF_BNBUSD	−0.0132%	1h	788.76	−2.028%	$2.5M	$1.2M	50x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	789.47	−1.940%	$4K	$239	25x	as long as short
StandX BNB-USD	0.0000%	1h	790.38	−1.827%	$854K	$3.2M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	788.86	−2.016%	$9.6M	—	150x	as long as short
Injective BNB/USDC PERPlong	+0.0033%	1h	805.09	long leg	$19K	$789K	30x
Aster BNBUSDT	+0.0034%	8h	789.55	−1.930%	$6.2M	$18.9M	200x	as long as short
BingX BNB-USDC	+0.0051%	8h	788.98	−2.001%	—	$13.4M	—	as long as short
Coinbase International BNB-PERP-INTXshort	+0.0056%	1h	789.66	−1.917%	$619K	$1.8M	50x
Variational Omni BNB	+0.0062%	8h	789.21	−1.972%	$4.1M	$4.8M	—	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex BNBUSDT	+0.0065%	8h	789.44	−1.944%	$69.1M	$50.8M	50x	as long as short
MEXC BNB_USDT	+0.0067%	8h	789.70	−1.912%	$80.5M	$13.2M	200x	as long as short
Binance BNBUSDT	+0.0068%	8h	789.54	−1.932%	$494.2M	$812.2M	75x	as long as short
Gate BNB_USDT	+0.0069%	8h	788.75	−2.030%	$35.4M	$58.3M	75x	as long as short
Phoenix BNB	+0.0088%	1h	789.43	−1.945%	$170K	$36K	10x	as long as short
Lighter BNB	+0.0096%	1h	789.11	−1.984%	$2.8M	$4.1M	20x	as long as short
GRVT BNB_USDT_Perp	+0.0098%	8h	790.16	−1.854%	$2.9M	$28.4M	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	788.86	−2.016%	$381K	$386K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	789.10	−1.986%	$1.5M	$2.7M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	789.57	−1.928%	$51.7M	$18.7M	10x	as long as short
Pacifica BNB	+0.0100%	1h	789.37	−1.952%	$1.2M	$920K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	788.90	−2.011%	$138.8M	$79.2M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	788.80	−2.023%	$53.3M	$112.7M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	789.30	−1.961%	$52K	$135K	10x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	788.64	−2.043%	$27.8M	$10.4M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	788.72	−2.033%	$77.2M	$30.0M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	790.23	−1.845%	$4.1M	$77.3M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	790.07	−1.866%	$159K	$438K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	788.86	−2.016%	$137K	$946K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	788.98	−2.001%	$31K	$9K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	789.61	−1.923%	$12K	$1.6M	50x	as long as short
HTX BNB-USDT	+0.0100%	8h	789.25	−1.968%	$8.1M	$9.0M	75x	as long as short
Paradex BNB-USD-PERP	+0.0101%	8h	789.75	−1.905%	$77K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	788.66	−2.040%	$1.8M	$5.9M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	788.82	−2.020%	$379K	$110K	10x	as long as short
SoDEX BNB-USD	+0.0118%	1h	789.00	−1.999%	$388K	$1.0M	10x	as long as short
dYdX BNB-USD	+0.0121%	1h	788.88	−2.013%	$160K	$64K	10x	as long as short
RISEx BNB/USDC	+0.0131%	1h	789.33	−1.958%	$1.1M	$1.1M	20x	as long as short
Kalshi KXBNBPERP	+0.0178%	8h	789.30	−1.961%	$92K	$2.9M	4.8x	as long as short
01 Exchange BNBUSD	+0.0280%	1h	789.69	−1.913%	$28K	$3K	10x	as long as short
Bulk BNB-USD	+0.0298%	1h	789.80	−1.899%	$640K	$13K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	789.32	−1.959%	$1.5M	$160K	25x	as long as short
Reya BNBRUSDPERP	+0.0328%	1h	788.70	−2.036%	$6K	$3K	40x	as long as short
Backpack BNB_USDC_PERP	+0.0377%	1h	789.24	−1.969%	$2.2M	$6.1M	40x	as long as short
Hibachi BNB/USDT-P	+0.0520%	1h	789.88	−1.889%	$67K	$39K	12x	as long as short