Funding you earn now, next payment 04:00 UTC+0.0207%/8h= +22.7% APRpaid last 24h +0.018%
Price spread now: Kraken Futures against BingX−0.022%7-day average −0.025% · you buy dearer than you sell
Net, funding: paid 7d − costs−$38as in the Funding arb table
Net, price: spread back to 7d avg − costs−$33as in the Price arb table
costs, in and out, $10k−$330.335% of the position
Funding, last 7 days−0.048%−$5 on $10k
+Price spread, last 4 days (all we have)−0.120%−$12 · spread now −0.022%, 7d avg −0.025%
=The price spread sits at its 7-day average of −0.025%, so right now this pair is about funding alone: +$6 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.048% in total (about -2.5% a year). A funding rate is set anew for every payment. 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 | BingX BNB-USDT | 789.24 | 0.0056 | pay 0.0056% / 8h | 4h 50m | — | $34.3M | — |
| Short | Kraken Futures PF_BNBUSD | 789.06 | 0.0263 | get 0.0033% / 1h | 50m 02s | $2.5M | $1.2M | 50x |
BingX BNB-USDT
Kraken Futures PF_BNBUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against BingX. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $43.55
- Price spread: −0.022% → −0.025%
- $0.23
- Slippage, 4 orders
- −$13.47
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $10.31
- Costs to cover
- 0.335%
- Break-even
- 5.3 days
Slippage from BingX: live order book, 4 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 BingX live order book, 4 min ago | 0.13 bp | 5.5 bp −$6 | 6.5 bp −$65 | 13.3 bp −$1,334 | 36.3 bp −$18.2K |
| Sell Kraken Futures live order book, 4 min ago | 3.41 bp | 11.9 bp −$12 | 14.5 bp −$145 | 34.0 bp −$3,402 | 154.6 bp −$77.3K |
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 −0.0183% / S +0.0348% | 1h | 789.31 | +0.008% | $46K | — | 200x | as long as short |
| Hotstuff BNB-PERP | −0.0080% | 1h | 790.46 | +0.155% | $4K | $42 | 25x | as long as short |
| StandX BNB-USD | 0.0000% | 1h | 790.22 | +0.124% | $854K | $3.2M | 30x | as long as short |
| gTrade (Gains Network) BNB/USD | L +0.0007% / S −0.0007% | 1h | 789.29 | +0.007% | $9.5M | — | 150x | as long as short |
| Injective BNB/USDC PERP | +0.0033% | 1h | 805.09 | +2.008% | $19K | $789K | 30x | as long as short |
| Aster BNBUSDT | +0.0043% | 8h | 789.76 | +0.066% | $6.1M | $18.7M | 200x | as long as short |
| BingX BNB-USDTlong | +0.0056% | 8h | 789.24 | long leg | — | $34.3M | — | |
| Coinbase International BNB-PERP-INTX | +0.0064% | 1h | 790.64 | +0.177% | $583K | $1.9M | 50x | as long as short |
| MEXC BNB_USDT | +0.0068% | 8h | 789.90 | +0.084% | $80.2M | $12.2M | 200x | as long as short |
| Binance BNBUSDT | +0.0068% | 8h | 789.62 | +0.048% | $492.6M | $789.8M | 75x | as long as short |
GMX BNB/USD [WBTC.b-USDC]
Hotstuff BNB-PERP
StandX BNB-USD
gTrade (Gains Network) BNB/USD
Injective BNB/USDC PERP
Aster BNBUSDT
Coinbase International BNB-PERP-INTX
MEXC BNB_USDT
Binance BNBUSDTShow all 46 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phemex BNBUSDT | +0.0071% | 8h | 789.95 | +0.090% | $69.1M | $50.0M | 50x | as long as short |
| Lighter BNB | +0.0096% | 1h | 789.41 | +0.022% | $2.7M | $3.8M | 20x | as long as short |
| Orderly PERP_BNB_USDC | +0.0100% | 8h | 789.27 | +0.004% | $265K | $498K | 50x | as long as short |
| Nado BNB-PERP | +0.0100% | 1h | 789.75 | +0.065% | $1.5M | $2.6M | 20x | as long as short |
| Hyperliquid BNB | +0.0100% | 1h | 789.67 | +0.055% | $51.8M | $17.5M | 10x | as long as short |
| Pacifica BNB | +0.0100% | 1h | 789.76 | +0.066% | $1.2M | $931K | 20x | as long as short |
| Bybit BNBUSDT | +0.0100% | 8h | 788.70 | −0.068% | $138.7M | $74.9M | 75x | as long as short |
| OKX BNB-USDT-SWAP | +0.0100% | 8h | 788.70 | −0.068% | $53.3M | $111.3M | 50x | as long as short |
| Arcus BNB-USD | +0.0100% | 1h | 789.60 | +0.046% | $52K | $130K | 10x | as long as short |
| Gate BNB_USDT | +0.0100% | 8h | 789.10 | −0.018% | $35.4M | $56.5M | 75x | as long as short |
| KuCoin BNBUSDTM | +0.0100% | 8h | 789.18 | −0.008% | $27.6M | $10.3M | 75x | as long as short |
| Bitget BNBUSDT | +0.0100% | 8h | 788.72 | −0.066% | $76.4M | $30.4M | 75x | as long as short |
| Backpack BNB_USDC_PERP | +0.0100% | 1h | 789.49 | +0.032% | $2.2M | $6.1M | 40x | as long as short |
| Variational Omni BNB | +0.0100% | 8h | 789.11 | −0.016% | $4.1M | $4.6M | — | as long as short |
| edgeX BNBUSDC | +0.0100% | 4h | 790.98 | +0.221% | $4.1M | $74.4M | 30x | as long as short |
| ApeX Omni BNBUSDT | +0.0100% | 1h | 790.67 | +0.181% | $159K | $441K | 50x | as long as short |
| Polymarket Perps BNB-USD | +0.0100% | 1h | 789.42 | +0.023% | $133K | $952K | 10x | as long as short |
| Derive BNB-PERP | +0.0100% | 1h | 789.37 | +0.017% | $31K | $12K | 10x | as long as short |
| SunX BNB-USDT | +0.0100% | 8h | 789.90 | +0.084% | $12K | $1.5M | 50x | as long as short |
| SoDEX BNB-USD | +0.0100% | 1h | 789.40 | +0.020% | $388K | $1.0M | 10x | as long as short |
| HTX BNB-USDT | +0.0100% | 8h | 789.95 | +0.090% | $8.1M | $9.3M | 75x | as long as short |
| Paradex BNB-USD-PERP | +0.0101% | 8h | 790.05 | +0.103% | $77K | $17K | 50x | as long as short |
| Extended BNB-USD | +0.0104% | 1h | 788.79 | −0.056% | $1.8M | $5.9M | 50x | as long as short |
| Aevo BNB-PERP | +0.0104% | 1h | 789.32 | +0.010% | $379K | $110K | 10x | as long as short |
| dYdX BNB-USD | +0.0108% | 1h | 789.76 | +0.066% | $160K | $64K | 10x | as long as short |
| Phoenix BNB | +0.0117% | 1h | 790.37 | +0.143% | $170K | $35K | 10x | as long as short |
| GRVT BNB_USDT_Perp | +0.0138% | 8h | 791.19 | +0.247% | $3.0M | $28.0M | 10x | as long as short |
| Kalshi KXBNBPERP | +0.0183% | 8h | 790.30 | +0.134% | $113K | $2.7M | 4.8x | as long as short |
| BloFin BNB-USDT | +0.0188% | 8h | 789.97 | +0.092% | $18.2M | $2.2M | 75x | as long as short |
| 01 Exchange BNBUSD | +0.0224% | 1h | 789.82 | +0.073% | $28K | $4K | 10x | as long as short |
| Kraken Futures PF_BNBUSDshort | +0.0263% | 1h | 789.06 | −0.022% | $2.5M | $1.2M | 50x | |
| Bulk BNB-USD | +0.0296% | 1h | 791.64 | +0.304% | $641K | $9K | 10x | as long as short |
| Deribit BNB_USDC-PERPETUAL | +0.0300% | 1h | 789.74 | +0.063% | $1.5M | $143K | 25x | as long as short |
| Reya BNBRUSDPERP | +0.0326% | 1h | 788.95 | −0.036% | $6K | $3K | 40x | as long as short |
| RISEx BNB/USDC | +0.0461% | 1h | 789.70 | +0.058% | $1.1M | $975K | 20x | as long as short |
| Hibachi BNB/USDT-P | +0.0544% | 1h | 789.84 | +0.076% | $67K | $38K | 12x | as long as short |
Phemex BNBUSDT
Lighter BNB
Orderly PERP_BNB_USDC
Nado BNB-PERP
Hyperliquid BNB
Pacifica BNB
Bybit BNBUSDT
OKX BNB-USDT-SWAP
Arcus BNB-USD
Gate BNB_USDT
KuCoin BNBUSDTM
Bitget BNBUSDT
Backpack BNB_USDC_PERP
Variational Omni BNB
edgeX BNBUSDC
ApeX Omni BNBUSDT
Polymarket Perps BNB-USD
Derive BNB-PERP
SunX BNB-USDT
SoDEX BNB-USD
HTX BNB-USDT
Paradex BNB-USD-PERP
Extended BNB-USD
Aevo BNB-PERP
dYdX BNB-USD
Phoenix BNB
GRVT BNB_USDT_Perp
Kalshi KXBNBPERP
BloFin BNB-USDT
01 Exchange BNBUSD
Bulk BNB-USD
Deribit BNB_USDC-PERPETUAL
Reya BNBRUSDPERP
RISEx BNB/USDC
Hibachi BNB/USDT-P