BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0140%/8h= +15.3% APRnext payment +$0.17 per $10,000 · paid last 24h −0.093%

Price spread now: Kraken Futures against dYdX−0.144%7-day average −0.008% · you buy dearer than you sell

Net, funding: paid 7d − costs−$108as in the Funding arb table

Net, price: spread back to 7d avg − costs−$70as in the Price arb table

costs, in and out, $10k−$570.567% of the position

Long on dYdX Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days−0.510%−$51 on $10k

Price spread, last 4 days (all we have)+0.042%+$4 · spread now −0.144%, 7d avg −0.008%

Together, before fees−0.468%−$47 on $10k · with fees, hour by hour

Funding pays, the price is against you. Kraken Futures is 0.136% cheaper against dYdX than usual: you would sell low and buy high (spread −0.144% now, against its 7-day average of −0.008%). If the spread goes back, that is −$14 on $10k: about 3.2 days of funding at the current rate (+$4 a day). Mind the row above: over the last 7 days funding on this pair cost −0.510%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX BNB-USD	789.81	0.0124	pay 0.0015% / 1h	43m 02s	$160K	$64K	10x
Short	Kraken Futures PF_BNBUSD	788.68	0.0264	get 0.0033% / 1h	43m 02s	$2.5M	$1.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against dYdX. 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 dYdXbpFee Kraken FuturesbpOrdersPrice spread, now −0.144%Rate

Funding earned: $29.35
Price spread: −0.144% → −0.008%: −$13.57
Slippage, 4 orders: −$36.66
Fee dYdX: 5 bp × 2 orders: −$10
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$40.88
Costs to cover: 0.567%
Break-even: 16.7 days

Slippage from dYdX: live order book, 16 min ago; Kraken Futures: live order book, 1 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 dYdX live order book, 16 min ago	11.42 bp	16.4 bp −$16	25.9 bp −$259	30.9 bp −$3,091	143.4 bp −$71.7K
Sell Kraken Futures live order book, 1 min ago	4.18 bp	12.1 bp −$12	13.5 bp −$135	33.7 bp −$3,375	151.1 bp −$75.6K

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 −0.0184% / S +0.0349%	1h	789.26	−0.069%	$46K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	790.43	+0.079%	$4K	$42	25x	as long as short
StandX BNB-USD	0.0000%	1h	790.01	+0.025%	$854K	$3.2M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	789.29	−0.065%	$9.5M	—	150x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+1.935%	$19K	$789K	30x	as long as short
Aster BNBUSDT	+0.0041%	8h	789.68	−0.016%	$6.1M	$18.7M	200x	as long as short
BingX BNB-USDT	+0.0054%	8h	788.96	−0.108%	—	$34.3M	—	as long as short
Coinbase International BNB-PERP-INTX	+0.0064%	1h	789.45	−0.046%	$582K	$1.9M	50x	as long as short
MEXC BNB_USDT	+0.0067%	8h	789.60	−0.027%	$80.1M	$12.3M	200x	as long as short
Binance BNBUSDT	+0.0067%	8h	789.43	−0.048%	$492.6M	$789.8M	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	+0.0074%	8h	789.58	−0.029%	$69.1M	$50.1M	50x	as long as short
Lighter BNB	+0.0096%	1h	789.05	−0.097%	$2.7M	$3.8M	20x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	789.02	−0.100%	$265K	$492K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	789.65	−0.020%	$1.5M	$2.6M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	789.42	−0.049%	$51.8M	$17.5M	10x	as long as short
Pacifica BNB	+0.0100%	1h	790.28	+0.060%	$1.2M	$931K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	788.70	−0.141%	$138.7M	$74.8M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	788.70	−0.141%	$53.3M	$111.1M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	790.20	+0.049%	$52K	$130K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	788.85	−0.122%	$35.4M	$56.7M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	788.74	−0.135%	$27.6M	$10.3M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	788.44	−0.173%	$76.3M	$30.2M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	789.18	−0.080%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	788.50	−0.165%	$4.1M	$4.6M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	789.10	−0.090%	$4.1M	$74.6M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	789.85	+0.005%	$159K	$440K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	789.62	−0.024%	$133K	$950K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	789.00	−0.102%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	789.82	+0.002%	$12K	$1.5M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	789.10	−0.090%	$388K	$1.0M	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	789.23	−0.074%	$8.1M	$9.3M	75x	as long as short
Paradex BNB-USD-PERP	+0.0101%	8h	790.73	+0.116%	$77K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	788.35	−0.185%	$1.8M	$5.9M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	788.91	−0.114%	$379K	$110K	10x	as long as short
Phoenix BNB	+0.0117%	1h	790.10	+0.037%	$170K	$35K	10x	as long as short
dYdX BNB-USDlong	+0.0124%	1h	789.81	long leg	$160K	$64K	10x
GRVT BNB_USDT_Perp	+0.0136%	8h	789.89	+0.011%	$2.9M	$28.0M	10x	as long as short
Kalshi KXBNBPERP	+0.0182%	8h	790.30	+0.062%	$124K	$2.7M	4.8x	as long as short
BloFin BNB-USDT	+0.0187%	8h	790.74	+0.118%	$18.1M	$2.2M	75x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0200%	1h	789.30	−0.065%	$1.5M	$143K	25x	as long as short
01 Exchange BNBUSD	+0.0224%	1h	790.23	+0.053%	$28K	$4K	10x	as long as short
Kraken Futures PF_BNBUSDshort	+0.0264%	1h	788.68	−0.144%	$2.5M	$1.2M	50x
Bulk BNB-USD	+0.0272%	1h	789.78	−0.004%	$640K	$9K	10x	as long as short
Reya BNBRUSDPERP	+0.0326%	1h	788.90	−0.116%	$6K	$3K	40x	as long as short
RISEx BNB/USDC	+0.0461%	1h	790.34	+0.066%	$1.1M	$975K	20x	as long as short
Hibachi BNB/USDT-P	+0.0504%	1h	790.00	+0.025%	$67K	$38K	12x	as long as short