Settings8H · net · $10k
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Funding arb · Price arb /

BNB

all BNB markets
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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 01:00 UTC+0.0329%/8h= +36.0% APRpaid last 24h +0.023%
Price spread now: BloFin against Kraken Futures+0.108%57s7-day average +0.094% · you sell dearer than you buy
Net, funding: paid 7d − costs−$8as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$330.333% of the position
Long on Kraken FuturesShort on BloFin
What this pair did over the last
the charts below follow
Funding, last 7 days+0.254%+$25 on $10k
Price spread, last 3 days (all we have)−0.031%−$3 · spread now +0.108%, 7d avg +0.094%
Together, before fees+0.223%+$22 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.094%, so right now this pair is about funding alone: +$10 a day on $10k at the current rate. The two prices were read 57 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKraken Futures PF_BNBUSD798.66−0.0121get 0.0015% / 1h37m 32s$2.5M$976K50x
ShortBloFin BNB-USDT799.520.0208get 0.0208% / 8h7h 37m$18.1M$2.4M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BloFin 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 it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$69.01
Price spread: +0.108% → +0.094%
$1.42
Slippage, 4 orders
−$11.28
Fee Kraken Futures: 5 bp × 2 orders
−$10
Fee BloFin: 6 bp × 2 orders
−$12
Net
$37.15
Costs to cover
0.333%
Break-even
3.2 days
Slippage from Kraken Futures: live order book, 1 min ago; BloFin: live order book, 6 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Kraken Futures live order book, 1 min ago2.82 bp10.1 bp −$1015.3 bp −$15329.2 bp −$2,92570.5 bp −$35.3K
Sell BloFin live order book, 6 min ago0.06 bp6.1 bp −$66.4 bp −$6416.1 bp −$1,610doesn't fit

BNB on 46 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GMX BNB/USD [WBTC.b-USDC]L −0.0201% / S +0.0372%1h798.71+0.006%$47K—200xas long as short
Kraken Futures PF_BNBUSDlong−0.0121%1h798.66long leg$2.5M$976K50x
Hotstuff BNB-PERP−0.0080%1h799.42+0.095%$4K$23925xas long as short
BingX BNB-USDT−0.0057%8h799.06+0.050%—$35.0M—as long as short
Bybit BNBUSDT−0.0046%8h798.91+0.032%$138.7M$75.8M75xas long as short
GRVT BNB_USDT_Perp0.0000%8h799.67+0.127%$3.0M$27.4M10xas long as short
StandX BNB-USD0.0000%1h800.07+0.177%$865K$2.9M30xas long as short
Phemex BNBUSDT0.0000%8h799.39+0.092%$69.8M$50.5M50xas long as short
Variational Omni BNB+0.0005%8h798.83+0.021%$4.1M$5.3M—as long as short
gTrade (Gains Network) BNB/USDL +0.0008% / S −0.0007%1h798.75+0.011%$9.7M—150xas long as short
Show all 46 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective BNB/USDC PERP+0.0033%1h805.09+0.805%$19K$789K30xas long as short
Coinbase International BNB-PERP-INTX+0.0048%1h798.00−0.082%$601K$969K50xas long as short
Aster BNBUSDT+0.0065%8h799.48+0.103%$6.2M$19.1M200xas long as short
Binance BNBUSDT+0.0087%8h799.78+0.140%$496.5M$807.8M75xas long as short
MEXC BNB_USDT+0.0087%8h800.20+0.193%$83.2M$13.5M200xas long as short
Gate BNB_USDT+0.0092%8h798.85+0.024%$35.7M$56.1M75xas long as short
Lighter BNB+0.0096%1h799.22+0.071%$2.8M$4.0M20xas long as short
Phoenix BNB+0.0099%1h799.23+0.072%$172K$36K10xas long as short
Nado BNB-PERP+0.0100%1h798.73+0.009%$1.5M$2.7M20xas long as short
Pacifica BNB+0.0100%1h799.31+0.082%$1.2M$924K20xas long as short
OKX BNB-USDT-SWAP+0.0100%8h799.00+0.043%$54.1M$110.4M50xas long as short
Arcus BNB-USD+0.0100%1h799.30+0.080%$53K$133K10xas long as short
KuCoin BNBUSDTM+0.0100%8h798.93+0.034%$28.0M$10.0M75xas long as short
Bitget BNBUSDT+0.0100%8h798.96+0.038%$78.8M$27.3M75xas long as short
edgeX BNBUSDC+0.0100%4h799.78+0.140%$4.2M$76.3M30xas long as short
ApeX Omni BNBUSDT+0.0100%1h799.89+0.154%$161K$436K50xas long as short
Polymarket Perps BNB-USD+0.0100%1h799.21+0.069%$118K$871K10xas long as short
Orderly PERP_BNB_USDC+0.0100%8h798.81+0.019%$386K$459K50xas long as short
Derive BNB-PERP+0.0100%1h798.96+0.038%$32K$5K10xas long as short
SunX BNB-USDT+0.0100%8h799.22+0.071%$13K$1.7M50xas long as short
SoDEX BNB-USD+0.0100%1h799.00+0.043%$393K$1.0M10xas long as short
HTX BNB-USDT+0.0100%8h798.85+0.024%$8.2M$8.2M75xas long as short
Paradex BNB-USD-PERP+0.0100%8h799.80+0.143%$78K$18K50xas long as short
Extended BNB-USD+0.0104%1h798.63−0.003%$1.8M$6.3M50xas long as short
Aevo BNB-PERP+0.0104%1h798.86+0.025%$384K$108K10xas long as short
Bulk BNB-USD+0.0127%1h799.69+0.129%$649K$10K10xas long as short
Hibachi BNB/USDT-P+0.0144%1h798.96+0.038%$69K$37K12xas long as short
RISEx BNB/USDC+0.0155%1h799.15+0.062%$1.1M$1.4M20xas long as short
Kalshi KXBNBPERP+0.0155%8h799.30+0.080%$90K$2.8M4.8xas long as short
Deribit BNB_USDC-PERPETUAL+0.0200%1h799.22+0.071%$1.6M$160K25xas long as short
BloFin BNB-USDTshort+0.0208%8h799.52+0.108%$18.1M$2.4M75x
01 Exchange BNBUSD+0.0216%1h799.65+0.124%$28K$1K10xas long as short
dYdX BNB-USD+0.0263%1h798.82+0.021%$161K$63K10xas long as short
Hyperliquid BNB+0.0317%1h800.14+0.186%$53.2M$20.6M10xas long as short
Reya BNBRUSDPERP+0.0330%1h798.90+0.030%$6K$3K40xas long as short
Backpack BNB_USDC_PERP+0.0397%1h799.61+0.119%$2.7M$5.6M40xas long as short