BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0106%/8h= +11.7% APRnext payment +$0.13 per $10,000 · paid last 24h +0.017%

Price spread now: Kraken Futures against ApeX Omni−0.169%45s7-day average −0.069% · you buy dearer than you sell

Net, funding: paid 7d − costs−$50as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$410.411% of the position

Long on ApeX Omni Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days−0.084%−$8 on $10k

Price spread, last 3 days (all we have)+0.023%+$2 · spread now −0.169%, 7d avg −0.069%

Together, before fees−0.061%−$6 on $10k · with fees, hour by hour

Funding pays, the price is against you. Kraken Futures is 0.099% cheaper against ApeX Omni than usual: you would sell low and buy high (spread −0.169% now, against its 7-day average of −0.069%). If the spread goes back, that is −$10 on $10k: about 3.1 days of funding at the current rate (+$3 a day). Mind the row above: over the last 7 days funding on this pair cost −0.084%, so the current rate has only just turned in your favour. The two prices were read 45 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni BNBUSDT	802.46	0.0100	pay 0.0013% / 1h	29m 34s	$161K	$441K	50x
Short	Kraken Futures PF_BNBUSD	801.11	0.0206	get 0.0026% / 1h	29m 34s	$2.6M	$983K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against ApeX Omni. 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 ApeX OmnibpFee Kraken FuturesbpOrdersPrice spread, now −0.169%Rate

Funding earned: $22.35
Price spread: −0.169% → −0.069%: −$9.91
Slippage, 4 orders: −$21.13
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$28.68
Costs to cover: 0.411%
Break-even: 16.0 days

Slippage from ApeX Omni: live order book, 53 min ago; Kraken Futures: live order book, 4 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 ApeX Omni live order book, 53 min ago	3.47 bp	11.5 bp −$12	32.9 bp −$329	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 4 min ago	4.68 bp	9.9 bp −$10	11.3 bp −$113	37.0 bp −$3,698	126.6 bp −$63.3K

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	800.91	−0.193%	$48K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	801.22	−0.155%	$4K	$1K	25x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	801.73	−0.091%	$3.0M	$29.5M	10x	as long as short
Kalshi KXBNBPERP	0.0000%	8h	801.50	−0.120%	$158K	$2.8M	4.8x	as long as short
StandX BNB-USD	0.0000%	1h	802.20	−0.032%	$867K	$2.8M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	801.46	−0.125%	$9.7M	—	150x	as long as short
Variational Omni BNB	+0.0040%	8h	800.85	−0.201%	$4.1M	$5.3M	—	as long as short
BingX BNB-USDT	+0.0067%	8h	801.45	−0.126%	—	$35.0M	—	as long as short
Bybit BNBUSDT	+0.0081%	8h	800.80	−0.207%	$139.5M	$83.0M	75x	as long as short
Lighter BNB	+0.0096%	1h	801.54	−0.114%	$2.8M	$4.2M	20x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International BNB-PERP-INTX	+0.0096%	1h	801.19	−0.158%	$610K	$1.0M	50x	as long as short
Aster BNBUSDT	+0.0099%	8h	801.78	−0.085%	$6.4M	$19.3M	200x	as long as short
Nado BNB-PERP	+0.0100%	1h	801.07	−0.174%	$1.4M	$2.8M	20x	as long as short
Pacifica BNB	+0.0100%	1h	801.68	−0.098%	$1.2M	$926K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	801.00	−0.182%	$54.9M	$117.4M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	801.90	−0.070%	$53K	$170K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	801.35	−0.138%	$35.8M	$58.1M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	801.30	−0.145%	$28.0M	$10.6M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	801.18	−0.160%	$81.0M	$26.8M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	802.78	+0.040%	$4.2M	$77.4M	30x	as long as short
ApeX Omni BNBUSDTlong	+0.0100%	1h	802.46	long leg	$161K	$441K	50x
Polymarket Perps BNB-USD	+0.0100%	1h	801.33	−0.141%	$121K	$880K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	800.91	−0.193%	$387K	$592K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	801.14	−0.165%	$32K	$5K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	801.57	−0.112%	$12K	$1.7M	50x	as long as short
HTX BNB-USDT	+0.0100%	8h	801.56	−0.112%	$8.2M	$7.9M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	801.93	−0.066%	$78K	$19K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	801.18	−0.159%	$1.8M	$6.1M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	801.11	−0.168%	$385K	$40K	10x	as long as short
MEXC BNB_USDT	+0.0118%	8h	802.50	+0.005%	$83.4M	$13.8M	200x	as long as short
Binance BNBUSDT	+0.0119%	8h	802.04	−0.052%	$504.1M	$829.4M	75x	as long as short
Phemex BNBUSDT	+0.0130%	8h	801.50	−0.120%	$70.0M	$51.7M	50x	as long as short
SoDEX BNB-USD	+0.0131%	1h	801.10	−0.169%	$394K	$1.0M	10x	as long as short
Hibachi BNB/USDT-P	+0.0152%	1h	801.23	−0.154%	$71K	$48K	12x	as long as short
Phoenix BNB	+0.0155%	1h	801.68	−0.097%	$172K	$35K	10x	as long as short
dYdX BNB-USD	+0.0166%	1h	801.39	−0.133%	$162K	$62K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0200%	1h	801.35	−0.138%	$1.6M	$165K	25x	as long as short
Kraken Futures PF_BNBUSDshort	+0.0206%	1h	801.11	−0.169%	$2.6M	$983K	50x
BloFin BNB-USDT	+0.0239%	8h	801.60	−0.107%	$18.8M	$2.6M	75x	as long as short
Hyperliquid BNB	+0.0275%	1h	802.28	−0.023%	$51.9M	$22.3M	10x	as long as short
Injective BNB/USDC PERP	+0.0311%	1h	805.09	+0.328%	$19K	$789K	30x	as long as short
RISEx BNB/USDC	+0.0318%	1h	801.74	−0.090%	$1.1M	$1.4M	20x	as long as short
Reya BNBRUSDPERP	+0.0333%	1h	801.12	−0.167%	$6K	$3K	40x	as long as short
01 Exchange BNBUSD	+0.0336%	1h	802.25	−0.026%	$28K	$1K	10x	as long as short
Bulk BNB-USD	+0.0354%	1h	801.59	−0.109%	$651K	$21K	10x	as long as short
Backpack BNB_USDC_PERP	+0.0665%	1h	801.91	−0.069%	$3.0M	$5.5M	40x	as long as short