BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0211%/8h= −23.1% APRnext payment −$0.26 per $10,000 · paid last 24h +0.019%

Price spread now: SoDEX against Injective−0.620%62s7-day average +0.372% · you buy dearer than you sell

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

Long on Injective Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.023%+$2 on $10k

Price spread, last 3 days (all we have)+1.100%+$110 · spread now −0.620%, 7d avg +0.372%

Together, before fees+1.123%+$112 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and SoDEX is 0.992% cheaper against Injective than usual: you would sell low and buy high (−$99 if the spread goes back to its 7-day average of +0.372%). Swap the legs. The two prices were read 62 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 3 days it paid 0.023% in total (about 2.7% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.26 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	0.0311	pay 0.0039% / 1h	4m 06s	$19K	$789K	30x
Short	SoDEX BNB-USD	800.10	0.0100	get 0.0013% / 1h	4m 06s	$393K	$1.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now −0.620%Rate

Funding earned: −$44.25
Price spread: −0.620% → +0.372%: −$99.18
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$151.45
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: Injective: no order-book sample; SoDEX: live order book, 5 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 SoDEX live order book, 5 min ago	0.63 bp	5.0 bp −$5	9.4 bp −$94	83.7 bp −$8,372	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 −0.0201% / S +0.0372%	1h	799.85	−0.650%	$47K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	800.40	−0.583%	$4K	$1K	25x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	800.27	−0.598%	$3.0M	$29.0M	10x	as long as short
StandX BNB-USD	0.0000%	1h	800.47	−0.574%	$865K	$2.9M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	799.94	−0.640%	$9.7M	—	150x	as long as short
Variational Omni BNB	+0.0028%	8h	798.74	−0.788%	$4.2M	$5.4M	—	as long as short
BingX BNB-USDT	+0.0052%	8h	800.04	−0.627%	—	$34.8M	—	as long as short
Bybit BNBUSDT	+0.0065%	8h	799.75	−0.663%	$139.0M	$78.6M	75x	as long as short
Lighter BNB	+0.0096%	1h	800.30	−0.595%	$2.8M	$4.2M	20x	as long as short
Coinbase International BNB-PERP-INTX	+0.0096%	1h	799.17	−0.735%	$605K	$994K	50x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster BNBUSDT	+0.0097%	8h	800.72	−0.542%	$6.3M	$18.9M	200x	as long as short
Nado BNB-PERP	+0.0100%	1h	799.64	−0.677%	$1.4M	$2.7M	20x	as long as short
Pacifica BNB	+0.0100%	1h	800.12	−0.617%	$1.2M	$926K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	799.80	−0.657%	$54.6M	$113.6M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	800.40	−0.583%	$53K	$151K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	799.70	−0.669%	$35.7M	$59.1M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	799.94	−0.640%	$28.0M	$10.3M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	800.03	−0.629%	$80.7M	$26.6M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	799.61	−0.681%	$4.2M	$77.5M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	800.21	−0.606%	$161K	$442K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	799.83	−0.653%	$121K	$872K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	799.90	−0.645%	$387K	$489K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	800.14	−0.614%	$32K	$5K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	800.52	−0.567%	$13K	$1.7M	50x	as long as short
SoDEX BNB-USDshort	+0.0100%	1h	800.10	−0.620%	$393K	$1.0M	10x
HTX BNB-USDT	+0.0100%	8h	800.27	−0.599%	$8.2M	$7.9M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	800.58	−0.561%	$78K	$19K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	799.73	−0.666%	$1.9M	$6.3M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	800.08	−0.622%	$384K	$40K	10x	as long as short
Kalshi KXBNBPERP	+0.0107%	8h	800.50	−0.570%	$110K	$2.9M	4.8x	as long as short
MEXC BNB_USDT	+0.0116%	8h	801.00	−0.508%	$83.2M	$13.9M	200x	as long as short
Phemex BNBUSDT	+0.0116%	8h	800.50	−0.570%	$70.0M	$51.1M	50x	as long as short
Binance BNBUSDT	+0.0117%	8h	800.74	−0.541%	$500.9M	$818.3M	75x	as long as short
Phoenix BNB	+0.0155%	1h	800.03	−0.629%	$172K	$35K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0200%	1h	800.39	−0.584%	$1.6M	$165K	25x	as long as short
Kraken Futures PF_BNBUSD	+0.0207%	1h	799.91	−0.644%	$2.6M	$965K	50x	as long as short
Hibachi BNB/USDT-P	+0.0232%	1h	799.88	−0.648%	$71K	$48K	12x	as long as short
BloFin BNB-USDT	+0.0237%	8h	800.44	−0.578%	$18.3M	$2.5M	75x	as long as short
Bulk BNB-USD	+0.0298%	1h	800.20	−0.607%	$650K	$21K	10x	as long as short
Injective BNB/USDC PERPlong	+0.0311%	1h	805.09	long leg	$19K	$789K	30x
Hyperliquid BNB	+0.0316%	1h	800.81	−0.532%	$51.8M	$21.6M	10x	as long as short
RISEx BNB/USDC	+0.0318%	1h	800.14	−0.615%	$1.1M	$1.4M	20x	as long as short
01 Exchange BNBUSD	+0.0320%	1h	800.82	−0.530%	$28K	$1K	10x	as long as short
Reya BNBRUSDPERP	+0.0332%	1h	799.52	−0.692%	$6K	$3K	40x	as long as short
dYdX BNB-USD	+0.0359%	1h	799.99	−0.634%	$161K	$62K	10x	as long as short
Backpack BNB_USDC_PERP	+0.0561%	1h	800.88	−0.523%	$2.7M	$5.7M	40x	as long as short