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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 22:00 UTC+0.0220%/8h= +24.0% APRnext payment +$0.27 per $10,000 · paid last 24h +0.039%
Price spread now: Bulk against Kraken Futures+0.082%7-day average +0.107% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$28as in the Price arb table
costs, in and out, $10k−$260.259% of the position
Long on Kraken FuturesShort on Bulk
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.234%+$23 on $10k
Price spread, last 3 days (all we have)+0.119%+$12 · spread now +0.082%, 7d avg +0.107%
Together, before fees+0.353%+$35 on $10k · with fees, hour by hour
Funding pays, the price is against you. Bulk is 0.025% cheaper against Kraken Futures than usual: you would sell low and buy high (spread +0.082% now, against its 7-day average of +0.107%). If the spread goes back, that is −$2 on $10k: about 9 hours of funding at the current rate (+$7 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKraken Futures PF_BNBUSD804.710.0038pay 0.0005% / 1h2m 04s$2.5M$928K50x
ShortBulk BNB-USD805.370.0258get 0.0032% / 1h2m 04s$651K$14K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bulk 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
$46.12
Price spread: +0.082% → +0.107%
−$2.48
Slippage, 4 orders
−$8.91
Fee Kraken Futures: 5 bp × 2 orders
−$10
Fee Bulk: 3.5 bp × 2 orders
−$7
Net
$17.73
Costs to cover
0.259%
Break-even
4.3 days
Slippage from Kraken Futures: live order book, 2 min ago; Bulk: live order book, 22 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, 2 min ago2.30 bp10.3 bp −$1013.3 bp −$13332.4 bp −$3,236109.8 bp −$54.9K
Sell Bulk live order book, 22 min ago0.06 bp3.6 bp −$43.6 bp −$367.4 bp −$74116.5 bp −$8,254

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 −0.0195% / S +0.0371%1h804.57−0.017%$49K—200xas long as short
Hotstuff BNB-PERP−0.0080%1h805.26+0.068%$4K$1K25xas long as short
GRVT BNB_USDT_Perp0.0000%8h804.57−0.018%$3.0M$29.5M10xas long as short
Kalshi KXBNBPERP0.0000%8h805.30+0.073%$108K$2.5M4.8xas long as short
StandX BNB-USD0.0000%1h804.74+0.004%$870K$2.8M30xas long as short
gTrade (Gains Network) BNB/USDL +0.0008% / S −0.0007%1h804.62−0.011%$9.8M—150xas long as short
Kraken Futures PF_BNBUSDlong+0.0038%1h804.71long leg$2.5M$928K50x
Variational Omni BNB+0.0048%8h803.61−0.136%$4.1M$5.3M—as long as short
BingX BNB-USDC+0.0056%8h804.70−0.001%—$13.3M—as long as short
Bybit BNBUSDT+0.0079%8h804.20−0.064%$139.6M$81.7M75xas long as short
Show all 46 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Coinbase International BNB-PERP-INTX+0.0088%1h804.54−0.021%$607K$881K50xas long as short
Lighter BNB+0.0096%1h804.84+0.016%$2.8M$4.2M20xas long as short
Aster BNBUSDT+0.0100%8h805.20+0.061%$6.4M$18.9M200xas long as short
Nado BNB-PERP+0.0100%1h804.36−0.043%$1.5M$2.8M20xas long as short
Pacifica BNB+0.0100%1h804.92+0.025%$1.2M$924K20xas long as short
OKX BNB-USDT-SWAP+0.0100%8h804.50−0.026%$55.2M$116.1M50xas long as short
Arcus BNB-USD+0.0100%1h805.00+0.036%$53K$170K10xas long as short
Gate BNB_USDT+0.0100%8h804.50−0.026%$36.1M$59.2M75xas long as short
KuCoin BNBUSDTM+0.0100%8h804.50−0.026%$28.2M$10.5M75xas long as short
Bitget BNBUSDT+0.0100%8h804.27−0.055%$78.9M$24.8M75xas long as short
edgeX BNBUSDC+0.0100%4h804.74+0.004%$4.2M$76.4M30xas long as short
ApeX Omni BNBUSDT+0.0100%1h804.70−0.001%$159K$436K50xas long as short
Polymarket Perps BNB-USD+0.0100%1h804.61−0.013%$116K$873K10xas long as short
Orderly PERP_BNB_USDC+0.0100%8h804.62−0.011%$389K$592K50xas long as short
Derive BNB-PERP+0.0100%1h804.87+0.019%$32K$5K10xas long as short
SunX BNB-USDT+0.0100%8h805.33+0.077%$13K$1.7M50xas long as short
Deribit BNB_USDC-PERPETUAL+0.0100%1h805.12+0.051%$1.6M$165K25xas long as short
HTX BNB-USDT+0.0100%8h804.710.000%$8.2M$7.5M75xas long as short
Paradex BNB-USD-PERP+0.0100%8h805.46+0.093%$79K$19K50xas long as short
Extended BNB-USD+0.0104%1h804.21−0.062%$1.9M$5.9M50xas long as short
Aevo BNB-PERP+0.0104%1h804.80+0.011%$387K$40K10xas long as short
MEXC BNB_USDT+0.0115%8h805.50+0.098%$84.6M$13.7M200xas long as short
Binance BNBUSDT+0.0116%8h805.25+0.067%$520.0M$806.3M75xas long as short
Phoenix BNB+0.0125%1h804.66−0.006%$173K$35K10xas long as short
Phemex BNBUSDT+0.0138%8h805.25+0.067%$70.3M$51.9M50xas long as short
SoDEX BNB-USD+0.0191%1h804.70−0.001%$396K$1.0M10xas long as short
Hyperliquid BNB+0.0194%1h805.12+0.051%$51.8M$22.0M10xas long as short
RISEx BNB/USDC+0.0209%1h804.97+0.032%$1.1M$1.4M20xas long as short
dYdX BNB-USD+0.0229%1h804.85+0.017%$170K$55K10xas long as short
BloFin BNB-USDT+0.0236%8h805.43+0.089%$18.9M$3.1M75xas long as short
Hibachi BNB/USDT-P+0.0256%1h804.97+0.032%$71K$48K12xas long as short
Bulk BNB-USDshort+0.0258%1h805.37+0.082%$651K$14K10x
Reya BNBRUSDPERP+0.0334%1h804.30−0.051%$6K$3K40xas long as short
01 Exchange BNBUSD+0.0344%1h805.57+0.107%$28K$1K10xas long as short
Injective BNB/USDC PERP+0.0353%1h804.89+0.022%$19K$627K30xas long as short
Backpack BNB_USDC_PERP+0.0655%1h805.64+0.115%$3.0M$5.5M40xas long as short