BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0405%/8h= +44.3% APRnext payment +$0.51 per $10,000 · paid last 24h +0.034%

Price spread now: RISEx against Injective−2.267%77s7-day average +0.185% · you buy dearer than you sell

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

Long on Injective Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.121%+$12 on $10k

Price spread, last 4 days (all we have)+2.741%+$274 · spread now −2.267%, 7d avg +0.185%

Together, before fees+2.863%+$286 on $10k · with fees, hour by hour

Funding pays, the price is against you. RISEx is 2.452% cheaper against Injective than usual: you would sell low and buy high (spread −2.267% now, against its 7-day average of +0.185%). If the spread goes back, that is −$245 on $10k: about 20 days of funding at the current rate (+$12 a day). At the pace of the last 4 days (+0.121% in total) that is about 2 months. The two prices were read 77 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.121% in total (about 12.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.51 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

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	29m 17s	$19K	$789K	30x
Short	RISEx BNB/USDC	786.84	0.0438	get 0.0055% / 1h	29m 17s	$1.1M	$915K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx against Injective. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

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 RISExbpOrdersPrice spread, now −2.267%Rate

Funding earned: $85.01
Price spread: −2.267% → +0.185%: −$245.18
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee RISEx: 3 bp × 2 orders: −$6
Net: −$166.19
Costs to cover: 0.060%
Break-even: 20.7 days

Slippage unknown: Injective: no order-book sample; RISEx: 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 RISEx live order book, 4 min ago	1.33 bp	4.3 bp −$4	8.8 bp −$88	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 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 −0.0170% / S +0.0337%	1h	786.45	−2.315%	$43K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	787.67	−2.164%	$4K	$42	25x	as long as short
StandX BNB-USD	0.0000%	1h	787.37	−2.201%	$849K	$2.8M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	786.52	−2.307%	$9.5M	—	150x	as long as short
Injective BNB/USDC PERPlong	+0.0033%	1h	805.09	long leg	$19K	$789K	30x
Aster BNBUSDT	+0.0051%	8h	787.89	−2.137%	$6.1M	$18.8M	200x	as long as short
BingX BNB-USDT	+0.0051%	8h	787.43	−2.194%	—	$22.3M	—	as long as short
MEXC BNB_USDT	+0.0064%	8h	788.40	−2.073%	$81.1M	$12.0M	200x	as long as short
Binance BNBUSDT	+0.0065%	8h	787.82	−2.145%	$490.8M	$816.6M	75x	as long as short
dYdX BNB-USD	+0.0073%	1h	786.36	−2.327%	$159K	$62K	10x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex BNBUSDT	+0.0078%	8h	787.82	−2.145%	$68.9M	$51.0M	50x	as long as short
Coinbase International BNB-PERP-INTX	+0.0080%	1h	787.67	−2.164%	$569K	$1.9M	50x	as long as short
Lighter BNB	+0.0096%	1h	787.52	−2.182%	$2.7M	$3.8M	20x	as long as short
Nado BNB-PERP	+0.0100%	1h	787.22	−2.219%	$1.4M	$2.7M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	787.75	−2.154%	$51.6M	$17.7M	10x	as long as short
Pacifica BNB	+0.0100%	1h	787.59	−2.173%	$1.2M	$933K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	787.10	−2.235%	$138.5M	$75.2M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	787.10	−2.235%	$53.5M	$113.2M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	787.80	−2.148%	$52K	$129K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	787.25	−2.216%	$37.5M	$59.1M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	787.15	−2.228%	$27.7M	$10.2M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	787.36	−2.202%	$76.2M	$31.2M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	788.07	−2.114%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	786.11	−2.357%	$4.0M	$4.8M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	786.82	−2.269%	$4.1M	$76.1M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	786.63	−2.293%	$158K	$436K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	787.32	−2.207%	$132K	$951K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	787.27	−2.213%	$265K	$470K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	786.03	−2.367%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	787.76	−2.153%	$12K	$1.5M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	787.40	−2.197%	$387K	$982K	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	787.73	−2.156%	$8.0M	$10.2M	75x	as long as short
Paradex BNB-USD-PERP	+0.0101%	8h	788.25	−2.091%	$78K	$18K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	786.86	−2.264%	$1.8M	$6.1M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	787.28	−2.213%	$378K	$110K	10x	as long as short
Phoenix BNB	+0.0135%	1h	786.26	−2.339%	$169K	$35K	10x	as long as short
Kalshi KXBNBPERP	+0.0137%	8h	787.20	−2.222%	$170K	$2.7M	4.8x	as long as short
BloFin BNB-USDT	+0.0185%	8h	787.15	−2.228%	$17.7M	$2.2M	75x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0200%	1h	787.64	−2.167%	$1.5M	$145K	25x	as long as short
Kraken Futures PF_BNBUSD	+0.0206%	1h	787.14	−2.230%	$2.5M	$1.2M	50x	as long as short
GRVT BNB_USDT_Perp	+0.0229%	8h	787.15	−2.228%	$2.9M	$29.4M	10x	as long as short
01 Exchange BNBUSD	+0.0256%	1h	788.00	−2.123%	$28K	$4K	10x	as long as short
Bulk BNB-USD	+0.0291%	1h	787.29	−2.211%	$638K	$4K	10x	as long as short
Reya BNBRUSDPERP	+0.0322%	1h	786.91	−2.258%	$6K	$3K	40x	as long as short
RISEx BNB/USDCshort	+0.0438%	1h	786.84	−2.267%	$1.1M	$915K	20x
Hibachi BNB/USDT-P	+0.0528%	1h	786.61	−2.295%	$67K	$39K	12x	as long as short