BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0282%/8h= −30.9% APRnext payment −$0.35 per $10,000 · paid last 24h −0.043%

Price spread now: Kraken Futures against Bulk−0.055%7-day average −0.109% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$25as in the Price arb table

costs, in and out, $10k−$300.303% of the position

Long on Bulk Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.249%−$25 on $10k

Price spread, last 4 days (all we have)−0.356%−$36 · spread now −0.055%, 7d avg −0.109%

Together, before fees−0.605%−$61 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Kraken Futures is 0.054% dearer against Bulk than usual: you sell high and buy low (spread −0.055% now, against its 7-day average of −0.109%): +$5 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 15 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bulk BNB-USD	788.05	0.0373	pay 0.0047% / 1h	40m 33s	$638K	$13K	10x
Short	Kraken Futures PF_BNBUSD	787.62	0.0091	get 0.0011% / 1h	40m 33s	$2.5M	$1.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Bulk. 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 BulkbpFee Kraken FuturesbpOrdersPrice spread, now −0.055%Rate

Funding earned: −$59.25
Price spread: −0.055% → −0.109%: $5.36
Slippage, 4 orders: −$13.33
Fee Bulk: 3.5 bp × 2 orders: −$7
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$84.21
Costs to cover: 0.303%
Break-even: never at this rate

Slippage from Bulk: live order book, 23 min ago; Kraken Futures: live order book, 3 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 Bulk live order book, 23 min ago	0.06 bp	3.6 bp −$4	3.8 bp −$38	6.6 bp −$659	15.4 bp −$7,688
Sell Kraken Futures live order book, 3 min ago	4.18 bp	10.9 bp −$11	12.8 bp −$128	35.6 bp −$3,559	158.2 bp −$79.1K

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 −0.0167% / S +0.0335%	1h	787.73	−0.041%	$46K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	788.97	+0.116%	$4K	$239	25x	as long as short
StandX BNB-USD	0.0000%	1h	790.22	+0.275%	$854K	$3.2M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	787.79	−0.033%	$9.6M	—	150x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.162%	$19K	$789K	30x	as long as short
Aster BNBUSDT	+0.0041%	8h	789.11	+0.134%	$6.2M	$18.7M	200x	as long as short
Coinbase International BNB-PERP-INTX	+0.0048%	1h	789.09	+0.132%	$618K	$1.8M	50x	as long as short
BingX BNB-USDT	+0.0057%	8h	788.87	+0.104%	—	$34.4M	—	as long as short
MEXC BNB_USDT	+0.0074%	8h	789.70	+0.209%	$80.3M	$12.4M	200x	as long as short
Binance BNBUSDT	+0.0074%	8h	789.48	+0.181%	$493.7M	$805.9M	75x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex BNBUSDT	+0.0084%	8h	788.24	+0.024%	$69.0M	$51.0M	50x	as long as short
Variational Omni BNB	+0.0086%	8h	787.60	−0.058%	$4.1M	$4.6M	—	as long as short
Kraken Futures PF_BNBUSDshort	+0.0091%	1h	787.62	−0.055%	$2.5M	$1.2M	50x
Lighter BNB	+0.0096%	1h	788.70	+0.082%	$2.7M	$3.9M	20x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	787.73	−0.041%	$265K	$497K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	788.65	+0.076%	$1.5M	$2.6M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	789.26	+0.153%	$51.7M	$18.4M	10x	as long as short
Pacifica BNB	+0.0100%	1h	788.88	+0.104%	$1.2M	$909K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	788.80	+0.095%	$138.7M	$77.4M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	788.70	+0.082%	$53.5M	$112.3M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	788.90	+0.107%	$52K	$130K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	788.65	+0.076%	$35.3M	$56.8M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	788.23	+0.022%	$27.7M	$10.4M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	788.50	+0.057%	$76.9M	$30.1M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	788.09	+0.005%	$2.2M	$6.1M	40x	as long as short
edgeX BNBUSDC	+0.0100%	4h	789.32	+0.160%	$4.1M	$76.5M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	788.87	+0.104%	$159K	$439K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	788.63	+0.073%	$137K	$946K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	787.96	−0.012%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	788.57	+0.065%	$12K	$1.6M	50x	as long as short
HTX BNB-USDT	+0.0100%	8h	788.36	+0.039%	$8.1M	$9.1M	75x	as long as short
Paradex BNB-USD-PERP	+0.0103%	8h	789.45	+0.177%	$77K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	788.43	+0.047%	$1.8M	$5.9M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	787.72	−0.043%	$378K	$110K	10x	as long as short
Phoenix BNB	+0.0107%	1h	789.13	+0.137%	$170K	$35K	10x	as long as short
GRVT BNB_USDT_Perp	+0.0132%	8h	789.50	+0.184%	$2.9M	$28.2M	10x	as long as short
SoDEX BNB-USD	+0.0149%	1h	787.80	−0.032%	$387K	$1.0M	10x	as long as short
Kalshi KXBNBPERP	+0.0186%	8h	788.50	+0.057%	$95K	$2.8M	4.8x	as long as short
BloFin BNB-USDT	+0.0195%	8h	788.40	+0.044%	$18.2M	$2.3M	75x	as long as short
dYdX BNB-USD	+0.0237%	1h	788.16	+0.013%	$159K	$63K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	788.11	+0.007%	$1.5M	$152K	25x	as long as short
01 Exchange BNBUSD	+0.0304%	1h	789.47	+0.180%	$28K	$4K	10x	as long as short
Reya BNBRUSDPERP	+0.0328%	1h	788.45	+0.050%	$6K	$3K	40x	as long as short
RISEx BNB/USDC	+0.0361%	1h	789.12	+0.135%	$1.1M	$1.0M	20x	as long as short
Bulk BNB-USDlong	+0.0373%	1h	788.05	long leg	$638K	$13K	10x
Hibachi BNB/USDT-P	+0.0584%	1h	789.66	+0.204%	$67K	$38K	12x	as long as short