Funding you earn now, next payment 07:00 UTC−0.0153%/8h= −16.7% APRpaid last 24h −0.014%
Price spread now: BingX against Kraken Futures−0.006%7-day average +0.021% · you buy dearer than you sell
Net, funding: paid 7d − costs−$30as in the Funding arb table
Net, price: spread back to 7d avg − costs−$38as in the Price arb table
costs, in and out, $10k−$350.349% of the position
Funding, last 7 days+0.049%+$5 on $10k
+Price spread, last 4 days (all we have)+0.062%+$6 · spread now −0.006%, 7d avg +0.021%
=Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and BingX is 0.027% cheaper against Kraken Futures than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.021%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_BNBUSD | 785.95 | 0.0206 | pay 0.0026% / 1h | 36m 32s | $2.5M | $1.2M | 50x |
| Short | BingX BNB-USDC | 785.91 | 0.0053 | get 0.0053% / 8h | 1h 36m | — | $13.4M | — |
Kraken Futures PF_BNBUSD
BingX BNB-USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against Kraken Futures. 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
- −$32.09
- Price spread: −0.006% → +0.021%
- −$2.69
- Slippage, 4 orders
- −$14.91
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$69.7
- Costs to cover
- 0.349%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 2 min ago; BingX: live order book, 7 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 Kraken Futures live order book, 2 min ago | 2.55 bp | 9.2 bp −$9 | 15.0 bp −$150 | 35.5 bp −$3,545 | 98.7 bp −$49.4K |
| Sell BingX live order book, 7 min ago | 0.25 bp | 6.9 bp −$7 | 11.1 bp −$111 | 25.9 bp −$2,585 | 73.1 bp −$36.5K |
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 −0.0170% / S +0.0337% | 1h | 786.02 | +0.008% | $43K | — | 200x | as long as short |
| Hotstuff BNB-PERP | −0.0080% | 1h | 786.45 | +0.063% | $4K | $42 | 25x | as long as short |
| StandX BNB-USD | 0.0000% | 1h | 786.90 | +0.120% | $849K | $2.8M | 30x | as long as short |
| gTrade (Gains Network) BNB/USD | L +0.0007% / S −0.0007% | 1h | 785.91 | −0.005% | $9.5M | — | 150x | as long as short |
| Injective BNB/USDC PERP | +0.0033% | 1h | 805.09 | +2.435% | $19K | $789K | 30x | as long as short |
| Aster BNBUSDT | +0.0049% | 8h | 786.40 | +0.057% | $6.0M | $18.9M | 200x | as long as short |
| BingX BNB-USDCshort | +0.0053% | 8h | 785.91 | −0.006% | — | $13.4M | — | |
| MEXC BNB_USDT | +0.0064% | 8h | 786.90 | +0.120% | $81.0M | $12.0M | 200x | as long as short |
| Binance BNBUSDT | +0.0064% | 8h | 786.32 | +0.046% | $489.9M | $814.8M | 75x | as long as short |
| dYdX BNB-USD | +0.0066% | 1h | 785.68 | −0.035% | $159K | $62K | 10x | 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
MEXC BNB_USDT
Binance BNBUSDT
dYdX BNB-USDShow all 46 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phemex BNBUSDT | +0.0076% | 8h | 786.61 | +0.084% | $68.8M | $51.0M | 50x | as long as short |
| Coinbase International BNB-PERP-INTX | +0.0080% | 1h | 786.88 | +0.118% | $568K | $1.9M | 50x | as long as short |
| Lighter BNB | +0.0096% | 1h | 786.03 | +0.009% | $2.7M | $3.8M | 20x | as long as short |
| Nado BNB-PERP | +0.0100% | 1h | 786.00 | +0.006% | $1.4M | $2.7M | 20x | as long as short |
| Hyperliquid BNB | +0.0100% | 1h | 786.44 | +0.062% | $51.5M | $17.6M | 10x | as long as short |
| Pacifica BNB | +0.0100% | 1h | 786.13 | +0.022% | $1.2M | $933K | 20x | as long as short |
| Bybit BNBUSDT | +0.0100% | 8h | 785.50 | −0.058% | $138.3M | $75.2M | 75x | as long as short |
| OKX BNB-USDT-SWAP | +0.0100% | 8h | 785.40 | −0.070% | $53.4M | $112.9M | 50x | as long as short |
| Arcus BNB-USD | +0.0100% | 1h | 786.10 | +0.019% | $52K | $129K | 10x | as long as short |
| Gate BNB_USDT | +0.0100% | 8h | 785.80 | −0.020% | $37.2M | $58.9M | 75x | as long as short |
| KuCoin BNBUSDTM | +0.0100% | 8h | 785.55 | −0.051% | $27.6M | $10.2M | 75x | as long as short |
| Bitget BNBUSDT | +0.0100% | 8h | 785.65 | −0.039% | $76.1M | $31.1M | 75x | as long as short |
| Backpack BNB_USDC_PERP | +0.0100% | 1h | 786.35 | +0.050% | $2.2M | $6.1M | 40x | as long as short |
| Variational Omni BNB | +0.0100% | 8h | 785.91 | −0.005% | $4.0M | $4.8M | — | as long as short |
| edgeX BNBUSDC | +0.0100% | 4h | 786.30 | +0.044% | $4.1M | $75.9M | 30x | as long as short |
| ApeX Omni BNBUSDT | +0.0100% | 1h | 786.60 | +0.082% | $158K | $437K | 50x | as long as short |
| Polymarket Perps BNB-USD | +0.0100% | 1h | 785.98 | +0.003% | $131K | $949K | 10x | as long as short |
| Orderly PERP_BNB_USDC | +0.0100% | 8h | 786.14 | +0.024% | $264K | $470K | 50x | as long as short |
| Derive BNB-PERP | +0.0100% | 1h | 786.14 | +0.024% | $31K | $12K | 10x | as long as short |
| SunX BNB-USDT | +0.0100% | 8h | 786.53 | +0.074% | $13K | $1.5M | 50x | as long as short |
| SoDEX BNB-USD | +0.0100% | 1h | 786.30 | +0.044% | $387K | $983K | 10x | as long as short |
| HTX BNB-USDT | +0.0100% | 8h | 786.25 | +0.037% | $8.0M | $10.1M | 75x | as long as short |
| Paradex BNB-USD-PERP | +0.0101% | 8h | 786.57 | +0.079% | $78K | $18K | 50x | as long as short |
| Extended BNB-USD | +0.0104% | 1h | 785.46 | −0.063% | $1.8M | $6.1M | 50x | as long as short |
| Aevo BNB-PERP | +0.0104% | 1h | 786.13 | +0.023% | $378K | $110K | 10x | as long as short |
| Phoenix BNB | +0.0135% | 1h | 786.77 | +0.104% | $169K | $35K | 10x | as long as short |
| Kalshi KXBNBPERP | +0.0137% | 8h | 786.60 | +0.082% | $171K | $2.7M | 4.8x | as long as short |
| BloFin BNB-USDT | +0.0184% | 8h | 786.49 | +0.068% | $17.7M | $2.2M | 75x | as long as short |
| Deribit BNB_USDC-PERPETUAL | +0.0200% | 1h | 786.55 | +0.076% | $1.5M | $143K | 25x | as long as short |
| Kraken Futures PF_BNBUSDlong | +0.0206% | 1h | 785.95 | long leg | $2.5M | $1.2M | 50x | |
| GRVT BNB_USDT_Perp | +0.0229% | 8h | 787.18 | +0.156% | $2.9M | $29.5M | 10x | as long as short |
| 01 Exchange BNBUSD | +0.0248% | 1h | 786.34 | +0.049% | $28K | $4K | 10x | as long as short |
| Bulk BNB-USD | +0.0305% | 1h | 787.08 | +0.144% | $638K | $4K | 10x | as long as short |
| Reya BNBRUSDPERP | +0.0322% | 1h | 785.81 | −0.019% | $6K | $3K | 40x | as long as short |
| RISEx BNB/USDC | +0.0438% | 1h | 786.40 | +0.057% | $1.1M | $914K | 20x | as long as short |
| Hibachi BNB/USDT-P | +0.0536% | 1h | 786.12 | +0.021% | $67K | $39K | 12x | as long as short |
Phemex BNBUSDT
Coinbase International BNB-PERP-INTX
Lighter BNB
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
Orderly PERP_BNB_USDC
Derive BNB-PERP
SunX BNB-USDT
SoDEX BNB-USD
HTX BNB-USDT
Paradex BNB-USD-PERP
Extended BNB-USD
Aevo BNB-PERP
Phoenix BNB
Kalshi KXBNBPERP
BloFin BNB-USDT
Deribit BNB_USDC-PERPETUAL
GRVT BNB_USDT_Perp
01 Exchange BNBUSD
Bulk BNB-USD
Reya BNBRUSDPERP
RISEx BNB/USDC
Hibachi BNB/USDT-P