BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0067%/8h= −7.3% APRnext payment −$0.08 per $10,000 · paid last 24h −0.005%

Price spread now: Injective against SoDEX+2.520%7-day average −0.150% · you sell dearer than you buy

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

Long on SoDEX Short on Injective

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.020%−$2 on $10k

Price spread, last 4 days (all we have)−2.933%−$293 · spread now +2.520%, 7d avg −0.150%

Together, before fees−2.953%−$295 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Injective is 2.670% dearer against SoDEX than usual: you sell high and buy low (spread +2.520% now, against its 7-day average of −0.150%): +$267 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 4 months. At the pace of the last 3 days (−0.020% in total) that is about 15 months.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX BNB-USD	785.30	0.0100	pay 0.0013% / 1h	12m 48s	$386K	$963K	10x
Short	Injective BNB/USDC PERP	805.09	0.0033	get 0.0004% / 1h	12m 48s	$19K	$789K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against SoDEX. 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 SoDEXbpFee InjectivebpOrdersPrice spread, now +2.520%Rate

Funding earned: −$14
Price spread: +2.520% → −0.150%: $266.97
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $244.95
Costs to cover: 0.080%
Break-even: from the start

Slippage unknown: SoDEX: live order book, 36 min ago; Injective: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy SoDEX live order book, 36 min ago	0.63 bp	4.6 bp −$5	8.4 bp −$84	75.2 bp −$7,525	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

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 −0.0168% / S +0.0337%	1h	784.52	−0.100%	$43K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	784.94	−0.046%	$4K	$42	25x	as long as short
Kraken Futures PF_BNBUSD	−0.0050%	1h	785.05	−0.032%	$2.5M	$1.2M	50x	as long as short
Kalshi KXBNBPERP	0.0000%	8h	785.70	+0.051%	$170K	$2.7M	4.8x	as long as short
StandX BNB-USD	0.0000%	1h	785.34	+0.005%	$847K	$2.7M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	785.16	−0.018%	$9.5M	—	150x	as long as short
Aster BNBUSDT	+0.0033%	8h	785.74	+0.056%	$6.0M	$18.7M	200x	as long as short
Injective BNB/USDC PERPshort	+0.0033%	1h	805.09	+2.520%	$19K	$789K	30x
BingX BNB-USDC	+0.0038%	8h	785.30	0.000%	—	$13.4M	—	as long as short
MEXC BNB_USDT	+0.0048%	8h	786.30	+0.127%	$80.9M	$12.0M	200x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance BNBUSDT	+0.0048%	8h	785.73	+0.054%	$488.5M	$814.3M	75x	as long as short
Phemex BNBUSDT	+0.0076%	8h	785.71	+0.052%	$68.6M	$51.0M	50x	as long as short
Lighter BNB	+0.0096%	1h	785.28	−0.003%	$2.7M	$3.8M	20x	as long as short
Phoenix BNB	+0.0100%	1h	785.66	+0.046%	$158K	$35K	10x	as long as short
Nado BNB-PERP	+0.0100%	1h	784.90	−0.051%	$1.4M	$2.7M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	785.73	+0.055%	$51.5M	$17.7M	10x	as long as short
Pacifica BNB	+0.0100%	1h	785.45	+0.019%	$1.2M	$938K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	785.10	−0.025%	$138.1M	$74.0M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	785.00	−0.038%	$53.4M	$111.8M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	785.40	+0.013%	$52K	$125K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	785.15	−0.019%	$38.3M	$58.6M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	784.93	−0.047%	$27.6M	$10.2M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	784.81	−0.062%	$75.3M	$32.5M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	785.31	+0.001%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	784.43	−0.111%	$4.0M	$4.7M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	785.04	−0.033%	$4.1M	$76.7M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	785.13	−0.022%	$158K	$437K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	785.07	−0.029%	$131K	$942K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	785.20	−0.013%	$264K	$388K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	785.04	−0.033%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	785.82	+0.066%	$12K	$1.5M	50x	as long as short
SoDEX BNB-USDlong	+0.0100%	1h	785.30	long leg	$386K	$963K	10x
HTX BNB-USDT	+0.0100%	8h	785.18	−0.015%	$8.0M	$10.3M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	785.72	+0.054%	$78K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	784.81	−0.063%	$1.8M	$5.8M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	785.29	−0.002%	$377K	$110K	10x	as long as short
Coinbase International BNB-PERP-INTX	+0.0104%	1h	785.03	−0.034%	$545K	$1.9M	50x	as long as short
dYdX BNB-USD	+0.0117%	1h	784.99	−0.039%	$159K	$62K	10x	as long as short
BloFin BNB-USDT	+0.0168%	8h	785.67	+0.047%	$17.7M	$2.2M	75x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0200%	1h	785.59	+0.037%	$1.5M	$141K	25x	as long as short
GRVT BNB_USDT_Perp	+0.0216%	8h	785.20	−0.013%	$2.9M	$28.2M	10x	as long as short
Bulk BNB-USD	+0.0231%	1h	784.93	−0.047%	$636K	$831	10x	as long as short
01 Exchange BNBUSD	+0.0248%	1h	785.82	+0.066%	$28K	$4K	10x	as long as short
Reya BNBRUSDPERP	+0.0320%	1h	784.93	−0.048%	$6K	$3K	40x	as long as short
RISEx BNB/USDC	+0.0350%	1h	785.44	+0.018%	$1.1M	$909K	20x	as long as short
Hibachi BNB/USDT-P	+0.0448%	1h	785.00	−0.039%	$67K	$39K	12x	as long as short