BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0062%/8h= −6.8% APRnext payment −$0.08 per $10,000 · paid last 24h +0.024%

Price spread now: Kraken Futures against Derive−0.008%7-day average — · you buy dearer than you sell

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

Long on Derive Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Derive BNB-PERP	803.97	0.0100	pay 0.0013% / 1h	30m 06s	$32K	$5K	10x
Short	Kraken Futures PF_BNBUSD	803.90	0.0038	get 0.0005% / 1h	30m 06s	$2.5M	$909K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Derive. 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 DerivebpFee Kraken FuturesbpOrdersPrice spread, now −0.008%Rate

Funding earned: −$12.97
Price spread: −0.008% → 0.000%: −$0.84
Slippage, 4 orders: no order book: not counted
Fee Derive: 3 bp × 2 orders: −$6
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$29.8
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Derive: no order-book sample; Kraken Futures: live order book, 4 min ago. 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 Derive no order-book sample	—	—	—	—	—
Sell Kraken Futures live order book, 4 min ago	2.43 bp	10.0 bp −$10	14.5 bp −$145	32.4 bp −$3,239	doesn't fit

Derive: 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 −0.0195% / S +0.0371%	1h	803.78	−0.024%	$48K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	804.19	+0.027%	$4K	$1K	25x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	803.90	−0.009%	$3.0M	$29.3M	10x	as long as short
Kalshi KXBNBPERP	0.0000%	8h	804.60	+0.078%	$112K	$2.5M	4.8x	as long as short
StandX BNB-USD	0.0000%	1h	804.20	+0.028%	$869K	$2.9M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	803.86	−0.014%	$9.8M	—	150x	as long as short
Kraken Futures PF_BNBUSDshort	+0.0038%	1h	803.90	−0.008%	$2.5M	$909K	50x
Variational Omni BNB	+0.0049%	8h	803.71	−0.032%	$4.0M	$5.4M	—	as long as short
BingX BNB-USDT	+0.0054%	8h	804.02	+0.006%	—	$34.5M	—	as long as short
Bybit BNBUSDT	+0.0075%	8h	803.50	−0.059%	$139.3M	$82.8M	75x	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	+0.0088%	1h	804.19	+0.027%	$609K	$878K	50x	as long as short
Aster BNBUSDT	+0.0090%	8h	804.51	+0.067%	$6.4M	$18.8M	200x	as long as short
Lighter BNB	+0.0096%	1h	804.05	+0.009%	$2.8M	$4.2M	20x	as long as short
Nado BNB-PERP	+0.0100%	1h	803.88	−0.012%	$1.4M	$2.8M	20x	as long as short
Pacifica BNB	+0.0100%	1h	804.34	+0.046%	$1.2M	$923K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	803.80	−0.021%	$55.1M	$115.5M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	804.30	+0.041%	$53K	$165K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	803.75	−0.028%	$35.9M	$58.5M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	803.72	−0.031%	$28.1M	$10.5M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	803.79	−0.023%	$79.1M	$24.5M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	804.49	+0.065%	$4.2M	$76.9M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	804.32	+0.043%	$159K	$439K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	803.74	−0.029%	$118K	$868K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	803.87	−0.013%	$388K	$593K	50x	as long as short
Derive BNB-PERPlong	+0.0100%	1h	803.97	long leg	$32K	$5K	10x
SunX BNB-USDT	+0.0100%	8h	804.80	+0.103%	$13K	$1.7M	50x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0100%	1h	804.31	+0.042%	$1.6M	$165K	25x	as long as short
HTX BNB-USDT	+0.0100%	8h	804.07	+0.012%	$8.2M	$7.4M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	804.81	+0.104%	$79K	$19K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	803.45	−0.064%	$1.9M	$6.1M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	804.04	+0.008%	$386K	$40K	10x	as long as short
MEXC BNB_USDT	+0.0106%	8h	804.80	+0.103%	$84.4M	$13.6M	200x	as long as short
Binance BNBUSDT	+0.0106%	8h	804.52	+0.068%	$519.1M	$803.1M	75x	as long as short
Phemex BNBUSDT	+0.0125%	8h	804.52	+0.068%	$70.2M	$51.7M	50x	as long as short
Phoenix BNB	+0.0125%	1h	803.93	−0.005%	$173K	$35K	10x	as long as short
Hyperliquid BNB	+0.0158%	1h	804.49	+0.065%	$51.7M	$21.3M	10x	as long as short
SoDEX BNB-USD	+0.0175%	1h	803.90	−0.009%	$395K	$1.0M	10x	as long as short
Bulk BNB-USD	+0.0197%	1h	804.34	+0.046%	$650K	$11K	10x	as long as short
RISEx BNB/USDC	+0.0209%	1h	804.38	+0.051%	$1.1M	$1.4M	20x	as long as short
BloFin BNB-USDT	+0.0226%	8h	804.88	+0.113%	$18.8M	$3.1M	75x	as long as short
Hibachi BNB/USDT-P	+0.0240%	1h	804.11	+0.017%	$71K	$48K	12x	as long as short
dYdX BNB-USD	+0.0277%	1h	804.28	+0.038%	$170K	$55K	10x	as long as short
01 Exchange BNBUSD	+0.0328%	1h	804.86	+0.111%	$28K	$1K	10x	as long as short
Reya BNBRUSDPERP	+0.0334%	1h	803.52	−0.057%	$6K	$3K	40x	as long as short
Injective BNB/USDC PERP	+0.0353%	1h	804.92	+0.118%	$19K	$526K	30x	as long as short
Backpack BNB_USDC_PERP	+0.0657%	1h	804.80	+0.103%	$3.0M	$5.4M	40x	as long as short