BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0178%/8h= −19.5% APRnext payment −$0.22 per $10,000 · paid last 24h +0.018%

Price spread now: Kraken Futures against Aevo−0.007%7-day average −0.019% · you buy dearer than you sell

Net, funding: paid 7d − costs−$59as in the Funding arb table

Net, price: spread back to 7d avg − costs−$49as in the Price arb table

costs, in and out, $10k−$500.500% of the position

Long on Aevo Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days−0.093%−$9 on $10k

Price spread, last 3 days (all we have)−0.020%−$2 · spread now −0.007%, 7d avg −0.019%

Together, before fees−0.113%−$11 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.019%, so right now this pair is about funding alone: −$5 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo BNB-PERP	799.05	0.0104	pay 0.0013% / 1h	1m 38s	$384K	$40K	10x
Short	Kraken Futures PF_BNBUSD	799.00	−0.0074	pay 0.0009% / 1h	1m 38s	$2.5M	$975K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Aevo. 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 AevobpFee Kraken FuturesbpOrdersPrice spread, now −0.007%Rate

Funding earned: −$37.36
Price spread: −0.007% → −0.019%: $1.17
Slippage, 4 orders: −$24
Fee Aevo: 8 bp × 2 orders: −$16
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$86.19
Costs to cover: 0.500%
Break-even: never at this rate

Slippage from Aevo: live order book, 12 min ago; Kraken Futures: live order book, 2 min ago.

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 Aevo live order book, 12 min ago	2.82 bp	12.6 bp −$13	19.5 bp −$195	23.7 bp −$2,368	doesn't fit
Sell Kraken Futures live order book, 2 min ago	3.19 bp	11.5 bp −$12	16.8 bp −$168	31.2 bp −$3,125	100.3 bp −$50.1K

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	799.01	−0.005%	$47K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	799.26	+0.026%	$4K	$1K	25x	as long as short
Kraken Futures PF_BNBUSDshort	−0.0074%	1h	799.00	−0.007%	$2.5M	$975K	50x
GRVT BNB_USDT_Perp	0.0000%	8h	798.72	−0.041%	$3.0M	$27.7M	10x	as long as short
StandX BNB-USD	0.0000%	1h	800.01	+0.120%	$865K	$2.9M	30x	as long as short
Variational Omni BNB	+0.0007%	8h	797.54	−0.189%	$4.1M	$5.4M	—	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	799.00	−0.007%	$9.7M	—	150x	as long as short
BingX BNB-USDT	+0.0030%	8h	799.40	+0.044%	—	$35.2M	—	as long as short
Bybit BNBUSDT	+0.0040%	8h	799.20	+0.019%	$138.8M	$77.0M	75x	as long as short
Coinbase International BNB-PERP-INTX	+0.0072%	1h	798.68	−0.046%	$602K	$986K	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	+0.0077%	8h	799.87	+0.103%	$6.2M	$19.2M	200x	as long as short
Phemex BNBUSDT	+0.0093%	8h	799.47	+0.053%	$69.9M	$50.7M	50x	as long as short
Lighter BNB	+0.0096%	1h	799.56	+0.064%	$2.8M	$4.1M	20x	as long as short
Binance BNBUSDT	+0.0097%	8h	799.84	+0.099%	$497.9M	$818.6M	75x	as long as short
MEXC BNB_USDT	+0.0098%	8h	800.20	+0.144%	$83.2M	$13.6M	200x	as long as short
Nado BNB-PERP	+0.0100%	1h	798.72	−0.041%	$1.4M	$2.7M	20x	as long as short
Pacifica BNB	+0.0100%	1h	799.51	+0.058%	$1.2M	$925K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	799.10	+0.006%	$54.4M	$112.8M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	799.40	+0.044%	$53K	$133K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	799.00	−0.006%	$35.7M	$58.8M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	799.28	+0.029%	$28.0M	$10.2M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	799.12	+0.009%	$78.9M	$27.6M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	798.64	−0.051%	$4.1M	$76.3M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	799.21	+0.020%	$161K	$437K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	798.92	−0.016%	$116K	$872K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	798.90	−0.019%	$386K	$494K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	799.06	+0.001%	$32K	$5K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	799.51	+0.058%	$13K	$1.7M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	799.20	+0.019%	$393K	$1.0M	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0100%	1h	799.37	+0.040%	$1.6M	$165K	25x	as long as short
HTX BNB-USDT	+0.0100%	8h	799.24	+0.023%	$8.2M	$8.1M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	799.92	+0.109%	$78K	$19K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	798.99	−0.007%	$1.8M	$6.6M	50x	as long as short
Aevo BNB-PERPlong	+0.0104%	1h	799.05	long leg	$384K	$40K	10x
Phoenix BNB	+0.0127%	1h	798.37	−0.085%	$172K	$36K	10x	as long as short
Hibachi BNB/USDT-P	+0.0152%	1h	799.44	+0.048%	$70K	$43K	12x	as long as short
Kalshi KXBNBPERP	+0.0153%	8h	799.50	+0.056%	$90K	$2.9M	4.8x	as long as short
Bulk BNB-USD	+0.0191%	1h	798.83	−0.028%	$649K	$17K	10x	as long as short
BloFin BNB-USDT	+0.0219%	8h	799.70	+0.081%	$18.1M	$2.5M	75x	as long as short
Hyperliquid BNB	+0.0248%	1h	800.15	+0.138%	$52.5M	$20.8M	10x	as long as short
RISEx BNB/USDC	+0.0258%	1h	799.34	+0.036%	$1.1M	$1.4M	20x	as long as short
01 Exchange BNBUSD	+0.0264%	1h	799.52	+0.059%	$28K	$1K	10x	as long as short
Injective BNB/USDC PERP	+0.0306%	1h	805.09	+0.756%	$19K	$789K	30x	as long as short
Backpack BNB_USDC_PERP	+0.0321%	1h	799.74	+0.086%	$2.7M	$5.7M	40x	as long as short
dYdX BNB-USD	+0.0329%	1h	798.88	−0.022%	$161K	$63K	10x	as long as short
Reya BNBRUSDPERP	+0.0331%	1h	798.59	−0.058%	$6K	$3K	40x	as long as short