Funding you earn now, next payment 06:00 UTC+0.0031%/8h= +3.4% APRnext payment +$0.04 per $10,000 · paid last 24h −0.004%
Price spread now: Derive against Kraken Futures+0.031%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 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
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Derive is 0.031% dearer against Kraken Futures than usual: you sell high and buy low: +$3 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_BNBUSD | 786.73 | 0.0069 | pay 0.0009% / 1h | 19m 08s | $2.5M | $1.2M | 50x |
| Short | Derive BNB-PERP | 786.97 | 0.0100 | get 0.0013% / 1h | 19m 08s | $31K | $12K | 10x |
Kraken Futures PF_BNBUSD
Derive BNB-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Derive 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
- $6.48
- Price spread: +0.031% → 0.000%
- $3.1
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Derive: 3 bp × 2 orders
- −$6
- Net
- −$6.41
- Costs to cover
- 0.160%
- Break-even
- 13.9 days
Slippage unknown: Kraken Futures: live order book, 5 min ago; Derive: no order-book sample. 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 Kraken Futures live order book, 5 min ago | 3.76 bp | 9.4 bp −$9 | 13.2 bp −$132 | 35.4 bp −$3,537 | 103.8 bp −$51.9K |
| Sell Derive no order-book sample | — | — | — | — | — |
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 −0.0192% / S +0.0356% | 1h | 786.64 | −0.011% | $46K | — | 200x | as long as short |
| Hotstuff BNB-PERP | −0.0080% | 1h | 787.19 | +0.059% | $4K | $42 | 25x | as long as short |
| StandX BNB-USD | 0.0000% | 1h | 787.37 | +0.082% | $849K | $3.0M | 30x | as long as short |
| gTrade (Gains Network) BNB/USD | L +0.0007% / S −0.0007% | 1h | 786.71 | −0.002% | $9.5M | — | 150x | as long as short |
| Injective BNB/USDC PERP | +0.0033% | 1h | 805.09 | +2.334% | $19K | $789K | 30x | as long as short |
| Aster BNBUSDT | +0.0036% | 8h | 787.43 | +0.090% | $6.1M | $19.0M | 200x | as long as short |
| BingX BNB-USDT | +0.0045% | 8h | 786.90 | +0.022% | — | $22.2M | — | as long as short |
| Phemex BNBUSDT | +0.0052% | 8h | 787.29 | +0.072% | $68.9M | $50.6M | 50x | as long as short |
| MEXC BNB_USDT | +0.0059% | 8h | 787.60 | +0.111% | $80.5M | $12.0M | 200x | as long as short |
| Binance BNBUSDT | +0.0060% | 8h | 787.32 | +0.076% | $490.6M | $812.3M | 75x | 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
BingX BNB-USDT
Phemex BNBUSDT
MEXC BNB_USDT
Binance BNBUSDTShow all 46 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_BNBUSDlong | +0.0069% | 1h | 786.73 | long leg | $2.5M | $1.2M | 50x | |
| Coinbase International BNB-PERP-INTX | +0.0080% | 1h | 785.85 | −0.111% | $568K | $1.9M | 50x | as long as short |
| Lighter BNB | +0.0096% | 1h | 786.94 | +0.027% | $2.7M | $3.8M | 20x | as long as short |
| Orderly PERP_BNB_USDC | +0.0100% | 8h | 786.76 | +0.004% | $265K | $489K | 50x | as long as short |
| Nado BNB-PERP | +0.0100% | 1h | 786.65 | −0.010% | $1.4M | $2.7M | 20x | as long as short |
| Hyperliquid BNB | +0.0100% | 1h | 787.40 | +0.086% | $51.5M | $17.6M | 10x | as long as short |
| Pacifica BNB | +0.0100% | 1h | 787.10 | +0.048% | $1.2M | $933K | 20x | as long as short |
| Bybit BNBUSDT | +0.0100% | 8h | 786.70 | −0.003% | $138.2M | $74.7M | 75x | as long as short |
| OKX BNB-USDT-SWAP | +0.0100% | 8h | 786.60 | −0.016% | $53.4M | $112.6M | 50x | as long as short |
| Arcus BNB-USD | +0.0100% | 1h | 787.10 | +0.048% | $52K | $129K | 10x | as long as short |
| Gate BNB_USDT | +0.0100% | 8h | 786.75 | +0.003% | $36.6M | $59.1M | 75x | as long as short |
| KuCoin BNBUSDTM | +0.0100% | 8h | 786.44 | −0.036% | $27.7M | $10.2M | 75x | as long as short |
| Bitget BNBUSDT | +0.0100% | 8h | 786.48 | −0.031% | $76.1M | $31.0M | 75x | as long as short |
| Backpack BNB_USDC_PERP | +0.0100% | 1h | 787.17 | +0.057% | $2.2M | $6.1M | 40x | as long as short |
| Variational Omni BNB | +0.0100% | 8h | 785.81 | −0.116% | $4.0M | $4.8M | — | as long as short |
| edgeX BNBUSDC | +0.0100% | 4h | 786.59 | −0.018% | $4.1M | $75.5M | 30x | as long as short |
| ApeX Omni BNBUSDT | +0.0100% | 1h | 785.20 | −0.194% | $158K | $438K | 50x | as long as short |
| Polymarket Perps BNB-USD | +0.0100% | 1h | 786.65 | −0.010% | $131K | $951K | 10x | as long as short |
| Derive BNB-PERPshort | +0.0100% | 1h | 786.97 | +0.031% | $31K | $12K | 10x | |
| SunX BNB-USDT | +0.0100% | 8h | 787.36 | +0.080% | $12K | $1.5M | 50x | as long as short |
| HTX BNB-USDT | +0.0100% | 8h | 786.76 | +0.004% | $8.0M | $10.1M | 75x | as long as short |
| Paradex BNB-USD-PERP | +0.0101% | 8h | 787.18 | +0.057% | $76K | $17K | 50x | as long as short |
| Extended BNB-USD | +0.0104% | 1h | 786.49 | −0.030% | $1.8M | $6.2M | 50x | as long as short |
| Aevo BNB-PERP | +0.0104% | 1h | 787.02 | +0.037% | $378K | $110K | 10x | as long as short |
| Phoenix BNB | +0.0107% | 1h | 786.33 | −0.050% | $169K | $35K | 10x | as long as short |
| SoDEX BNB-USD | +0.0128% | 1h | 786.80 | +0.009% | $387K | $993K | 10x | as long as short |
| Kalshi KXBNBPERP | +0.0144% | 8h | 787.00 | +0.035% | $161K | $2.7M | 4.8x | as long as short |
| dYdX BNB-USD | +0.0160% | 1h | 786.37 | −0.046% | $159K | $62K | 10x | as long as short |
| BloFin BNB-USDT | +0.0180% | 8h | 787.41 | +0.087% | $17.7M | $2.2M | 75x | as long as short |
| GRVT BNB_USDT_Perp | +0.0211% | 8h | 785.17 | −0.197% | $2.9M | $29.3M | 10x | as long as short |
| 01 Exchange BNBUSD | +0.0304% | 1h | 787.61 | +0.112% | $28K | $4K | 10x | as long as short |
| Reya BNBRUSDPERP | +0.0323% | 1h | 786.55 | −0.022% | $6K | $3K | 40x | as long as short |
| Bulk BNB-USD | +0.0341% | 1h | 785.39 | −0.169% | $637K | $4K | 10x | as long as short |
| Deribit BNB_USDC-PERPETUAL | +0.0400% | 1h | 787.25 | +0.067% | $1.5M | $143K | 25x | as long as short |
| RISEx BNB/USDC | +0.0432% | 1h | 787.16 | +0.056% | $1.1M | $901K | 20x | as long as short |
| Hibachi BNB/USDT-P | +0.0528% | 1h | 786.48 | −0.031% | $67K | $39K | 12x | as long as short |
Coinbase International BNB-PERP-INTX
Lighter BNB
Orderly PERP_BNB_USDC
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
SunX BNB-USDT
HTX BNB-USDT
Paradex BNB-USD-PERP
Extended BNB-USD
Aevo BNB-PERP
Phoenix BNB
SoDEX BNB-USD
Kalshi KXBNBPERP
dYdX BNB-USD
BloFin BNB-USDT
GRVT BNB_USDT_Perp
01 Exchange BNBUSD
Reya BNBRUSDPERP
Bulk BNB-USD
Deribit BNB_USDC-PERPETUAL
RISEx BNB/USDC
Hibachi BNB/USDT-P