BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0010%/8h= −1.1% APRnext payment −$0.01 per $10,000 · paid last 24h +0.086%

Price spread now: dYdX against Kraken Futures−0.023%7-day average +0.008% · you buy dearer than you sell

Net, funding: paid 7d − costs−$20as in the Funding arb table

Net, price: spread back to 7d avg − costs−$72as in the Price arb table

costs, in and out, $10k−$690.691% of the position

Long on Kraken Futures Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.495%+$49 on $10k

Price spread, last 3 days (all we have)+0.072%+$7 · spread now −0.023%, 7d avg +0.008%

Together, before fees+0.566%+$57 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and dYdX is 0.032% 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 +0.008%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.495%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_BNBUSD	800.77	0.0207	pay 0.0026% / 1h	27m 44s	$2.6M	$984K	50x
Short	dYdX BNB-USD	800.59	0.0197	get 0.0025% / 1h	27m 44s	$161K	$62K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX 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

Position, each leg$Hold fordaysFee Kraken FuturesbpFee dYdXbpOrdersPrice spread, now −0.023%Rate

Funding earned: −$2.04
Price spread: −0.023% → +0.008%: −$3.19
Slippage, 4 orders: −$49.06
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$74.29
Costs to cover: 0.691%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 1 min ago; dYdX: live order book, 56 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, 1 min ago	1.43 bp	10.8 bp −$11	16.3 bp −$163	33.7 bp −$3,375	75.1 bp −$37.5K
Sell dYdX live order book, 56 min ago	12.51 bp	19.7 bp −$20	155.0 bp −$1,550	267.1 bp −$26.7K	529.2 bp −$264.6K

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 −0.0201% / S +0.0372%	1h	801.11	+0.042%	$48K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	802.26	+0.186%	$4K	$1K	25x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	801.73	+0.119%	$3.0M	$29.5M	10x	as long as short
Kalshi KXBNBPERP	0.0000%	8h	802.10	+0.166%	$158K	$2.8M	4.8x	as long as short
StandX BNB-USD	0.0000%	1h	802.32	+0.193%	$867K	$2.8M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	801.17	+0.049%	$9.7M	—	150x	as long as short
Variational Omni BNB	+0.0040%	8h	800.85	+0.010%	$4.1M	$5.3M	—	as long as short
BingX BNB-USDT	+0.0065%	8h	800.82	+0.006%	—	$35.0M	—	as long as short
Bybit BNBUSDT	+0.0079%	8h	800.31	−0.058%	$139.4M	$83.1M	75x	as long as short
Lighter BNB	+0.0096%	1h	801.00	+0.028%	$2.8M	$4.2M	20x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International BNB-PERP-INTX	+0.0096%	1h	801.17	+0.049%	$610K	$1.0M	50x	as long as short
Aster BNBUSDT	+0.0099%	8h	801.33	+0.070%	$6.3M	$19.3M	200x	as long as short
Nado BNB-PERP	+0.0100%	1h	801.61	+0.104%	$1.4M	$2.8M	20x	as long as short
Pacifica BNB	+0.0100%	1h	800.84	+0.008%	$1.2M	$926K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	800.50	−0.034%	$54.8M	$117.4M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	801.20	+0.053%	$53K	$170K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	800.60	−0.022%	$35.7M	$58.3M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	800.63	−0.018%	$28.0M	$10.6M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	800.57	−0.025%	$80.9M	$26.8M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	802.78	+0.251%	$4.2M	$77.4M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	802.46	+0.211%	$161K	$441K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	801.60	+0.103%	$121K	$880K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	800.94	+0.021%	$387K	$592K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	801.15	+0.047%	$32K	$5K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	801.61	+0.104%	$12K	$1.7M	50x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0100%	1h	801.25	+0.059%	$1.6M	$165K	25x	as long as short
HTX BNB-USDT	+0.0100%	8h	800.97	+0.025%	$8.2M	$7.9M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	801.43	+0.082%	$78K	$19K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	800.28	−0.062%	$1.8M	$6.1M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	801.31	+0.067%	$385K	$40K	10x	as long as short
MEXC BNB_USDT	+0.0118%	8h	801.70	+0.116%	$83.3M	$13.8M	200x	as long as short
Binance BNBUSDT	+0.0119%	8h	801.31	+0.067%	$503.7M	$829.5M	75x	as long as short
SoDEX BNB-USD	+0.0125%	1h	800.90	+0.016%	$394K	$1.0M	10x	as long as short
Phemex BNBUSDT	+0.0126%	8h	801.34	+0.071%	$70.0M	$51.7M	50x	as long as short
Phoenix BNB	+0.0155%	1h	801.68	+0.113%	$172K	$35K	10x	as long as short
Hibachi BNB/USDT-P	+0.0160%	1h	801.59	+0.102%	$71K	$48K	12x	as long as short
dYdX BNB-USDshort	+0.0197%	1h	800.59	−0.023%	$161K	$62K	10x
Kraken Futures PF_BNBUSDlong	+0.0207%	1h	800.77	long leg	$2.6M	$984K	50x
BloFin BNB-USDT	+0.0239%	8h	802.15	+0.172%	$18.5M	$2.6M	75x	as long as short
Hyperliquid BNB	+0.0283%	1h	801.79	+0.127%	$51.9M	$22.3M	10x	as long as short
Injective BNB/USDC PERP	+0.0311%	1h	805.09	+0.539%	$19K	$789K	30x	as long as short
RISEx BNB/USDC	+0.0318%	1h	801.05	+0.034%	$1.1M	$1.4M	20x	as long as short
Reya BNBRUSDPERP	+0.0333%	1h	801.04	+0.033%	$6K	$3K	40x	as long as short
01 Exchange BNBUSD	+0.0336%	1h	802.55	+0.222%	$28K	$1K	10x	as long as short
Bulk BNB-USD	+0.0354%	1h	801.59	+0.101%	$651K	$21K	10x	as long as short
Backpack BNB_USDC_PERP	+0.0665%	1h	801.53	+0.094%	$2.7M	$5.6M	40x	as long as short