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Funding arb · Price arb /

BNB

all BNB markets
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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 01:00 UTC+0.0175%/8h= +19.1% APRnext payment +$0.22 per $10,000 · paid last 24h +0.067%
Price spread now: 01 Exchange against Injective−0.774%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Long on InjectiveShort on 01 Exchange
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)—no history yet
Price spread, last 7 days—no price history on both exchanges yet
Together, before fees—needs both histories
Funding pays, the price is against you. 01 Exchange is 0.774% cheaper against Injective than usual: you would sell low and buy high (spread −0.774% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$77 on $10k: about 15 days of funding at the current rate (+$5 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongInjective BNB/USDC PERP805.090.0033pay 0.0004% / 1h30m 28s$19K$789K30x
Short01 Exchange BNBUSD798.860.0208get 0.0026% / 1h30m 28s$28K$1K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

01 Exchange 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

Funding earned
$36.68
Price spread: −0.774% → 0.000%
−$77.38
Slippage, 4 orders
no order book: not counted
Fee Injective: 0.01 bp × 2 orders
−$0.02
Fee 01 Exchange: 3.5 bp × 2 orders
−$7
Net
−$47.72
Costs to cover
0.070%
Break-even
16.1 days
Slippage unknown: Injective: no order-book sample; 01 Exchange: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Injective no order-book sample—————
Sell 01 Exchange no order-book sample—————
Injective and 01 Exchange: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GMX BNB/USD [WBTC.b-USDC]L −0.0159% / S +0.0334%1h798.89−0.770%$47K—200xas long as short
Kraken Futures PF_BNBUSD−0.0121%1h798.75−0.787%$2.5M$965K50xas long as short
Hotstuff BNB-PERP−0.0080%1h798.87−0.773%$4K$23925xas long as short
BingX BNB-USDC−0.0051%8h798.82−0.779%—$13.3M—as long as short
Bybit BNBUSDT−0.0019%8h798.20−0.856%$138.6M$75.0M75xas long as short
GRVT BNB_USDT_Perp0.0000%8h798.97−0.760%$3.0M$27.4M10xas long as short
StandX BNB-USD0.0000%1h798.57−0.810%$863K$2.9M30xas long as short
Phemex BNBUSDT0.0000%8h799.36−0.712%$69.8M$50.3M50xas long as short
Variational Omni BNB+0.0003%8h798.43−0.828%$4.1M$5.2M—as long as short
gTrade (Gains Network) BNB/USDL +0.0008% / S −0.0007%1h798.95−0.763%$9.7M—150xas long as short
Show all 46 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective BNB/USDC PERPlong+0.0033%1h805.09long leg$19K$789K30x
Coinbase International BNB-PERP-INTX+0.0048%1h798.73−0.790%$602K$972K50xas long as short
Aster BNBUSDT+0.0062%8h799.09−0.745%$6.2M$19.1M200xas long as short
MEXC BNB_USDT+0.0083%8h799.50−0.694%$83.1M$13.6M200xas long as short
Binance BNBUSDT+0.0084%8h799.00−0.756%$496.0M$806.1M75xas long as short
Gate BNB_USDT+0.0084%8h798.40−0.831%$35.7M$56.2M75xas long as short
Lighter BNB+0.0096%1h798.77−0.785%$2.8M$4.0M20xas long as short
Phoenix BNB+0.0099%1h799.20−0.732%$172K$36K10xas long as short
Nado BNB-PERP+0.0100%1h798.50−0.819%$1.5M$2.7M20xas long as short
Pacifica BNB+0.0100%1h798.87−0.773%$1.2M$924K20xas long as short
OKX BNB-USDT-SWAP+0.0100%8h798.30−0.843%$54.1M$110.2M50xas long as short
Arcus BNB-USD+0.0100%1h798.90−0.769%$53K$133K10xas long as short
KuCoin BNBUSDTM+0.0100%8h798.57−0.810%$27.9M$10.0M75xas long as short
Bitget BNBUSDT+0.0100%8h798.35−0.837%$78.7M$27.3M75xas long as short
edgeX BNBUSDC+0.0100%4h799.05−0.750%$4.2M$76.4M30xas long as short
ApeX Omni BNBUSDT+0.0100%1h799.10−0.744%$161K$436K50xas long as short
Polymarket Perps BNB-USD+0.0100%1h798.42−0.828%$116K$873K10xas long as short
Orderly PERP_BNB_USDC+0.0100%8h798.86−0.774%$386K$458K50xas long as short
Derive BNB-PERP+0.0100%1h798.99−0.757%$32K$5K10xas long as short
SunX BNB-USDT+0.0100%8h799.42−0.704%$13K$1.6M50xas long as short
SoDEX BNB-USD+0.0100%1h799.00−0.756%$393K$1.0M10xas long as short
HTX BNB-USDT+0.0100%8h798.67−0.797%$8.2M$8.2M75xas long as short
Paradex BNB-USD-PERP+0.0100%8h799.32−0.717%$78K$18K50xas long as short
Extended BNB-USD+0.0104%1h798.13−0.864%$1.8M$6.3M50xas long as short
Aevo BNB-PERP+0.0104%1h798.88−0.771%$384K$108K10xas long as short
Bulk BNB-USD+0.0127%1h799.69−0.671%$649K$10K10xas long as short
Kalshi KXBNBPERP+0.0153%8h799.40−0.707%$91K$2.8M4.8xas long as short
RISEx BNB/USDC+0.0155%1h798.68−0.796%$1.1M$1.4M20xas long as short
Hibachi BNB/USDT-P+0.0168%1h799.22−0.728%$69K$38K12xas long as short
Deribit BNB_USDC-PERPETUAL+0.0200%1h799.34−0.714%$1.6M$160K25xas long as short
BloFin BNB-USDT+0.0204%8h799.42−0.704%$18.1M$2.5M75xas long as short
01 Exchange BNBUSDshort+0.0208%1h798.86−0.774%$28K$1K10x
dYdX BNB-USD+0.0234%1h798.94−0.764%$161K$63K10xas long as short
Hyperliquid BNB+0.0308%1h799.51−0.693%$53.2M$20.6M10xas long as short
Reya BNBRUSDPERP+0.0330%1h798.06−0.873%$6K$3K40xas long as short
Backpack BNB_USDC_PERP+0.0394%1h799.50−0.694%$2.7M$5.6M40xas long as short