Funding you earn now, next payment 09:00 UTC+0.0028%/8h= +3.0% APRnext payment +$0.03 per $10,000 · paid last 24h −0.027%
Price spread now: gTrade (Gains Network) against Kraken Futures+0.008%7-day average +0.003% · 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−$291as in the Price arb table
costs, in and out, $10k−$2922.917% of the position
Funding, last 4 days (all we have)−0.085%−$9 on $10k
+Price spread, last 4 days (all we have)+0.159%+$16 · spread now +0.008%, 7d avg +0.003%
=The price spread sits at its 7-day average of +0.003%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate. Mind the row above: over the last 4 days funding on this pair cost −0.085%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_BNBUSD | 787.35 | −0.0021 | get 0.0003% / 1h | 1m 40s | $2.5M | $1.2M | 50x |
| Short | gTrade (Gains Network) BNB/USD | 787.41 | L +0.0007% / S −0.0007% | get 0.0001% / 1h | 1m 40s | $9.5M | — | 150x |
Kraken Futures PF_BNBUSD
gTrade (Gains Network) BNB/USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
gTrade (Gains Network) 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
- $5.83
- Price spread: +0.008% → +0.003%
- $0.55
- Slippage, 4 orders
- −$271.71
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee gTrade (Gains Network): 5 bp × 2 orders
- −$10
- Net
- −$285.33
- Costs to cover
- 2.917%
- Break-even
- 349.4 days
Slippage from Kraken Futures: live order book, 2 min ago; gTrade (Gains Network): virtual book (oracle venue), 2 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 | 3.55 bp | 10.2 bp −$10 | 13.6 bp −$136 | 35.6 bp −$3,556 | 93.7 bp −$46.8K |
| Sell gTrade (Gains Network) virtual book (oracle venue), 2 min ago | 130.01 bp | 135.0 bp −$135 | 135.0 bp −$1,350 | 484.2 bp −$48.4K | 3301.4 bp −$1.65M |
BNB on 45 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 −0.0166% / S +0.0336% | 1h | 787.31 | −0.005% | $43K | — | 200x | as long as short |
| Hotstuff BNB-PERP | −0.0080% | 1h | 788.40 | +0.134% | $4K | — | 25x | as long as short |
| Kraken Futures PF_BNBUSDlong | −0.0021% | 1h | 787.35 | long leg | $2.5M | $1.2M | 50x | |
| GRVT BNB_USDT_Perp | 0.0000% | 8h | 788.32 | +0.124% | $2.9M | $26.5M | 10x | as long as short |
| StandX BNB-USD | 0.0000% | 1h | 788.93 | +0.201% | $851K | $2.8M | 30x | as long as short |
| gTrade (Gains Network) BNB/USDshort | L +0.0007% / S −0.0007% | 1h | 787.41 | +0.008% | $9.5M | — | 150x | |
| Aster BNBUSDT | +0.0009% | 8h | 788.07 | +0.092% | $6.0M | $17.7M | 200x | as long as short |
| BingX BNB-USDC | +0.0026% | 8h | 787.93 | +0.074% | — | $13.4M | — | as long as short |
| MEXC BNB_USDT | +0.0028% | 8h | 789.60 | +0.286% | $83.1M | $12.5M | 200x | as long as short |
| Binance BNBUSDT | +0.0028% | 8h | 788.31 | +0.122% | $484.1M | $798.1M | 75x | as long as short |
GMX BNB/USD [WBTC.b-USDC]
Hotstuff BNB-PERP
GRVT BNB_USDT_Perp
StandX BNB-USD
Aster BNBUSDT
BingX BNB-USDC
MEXC BNB_USDT
Binance BNBUSDTShow all 45 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective BNB/USDC PERP | +0.0033% | 1h | 805.09 | +2.254% | $19K | $789K | 30x | as long as short |
| Phemex BNBUSDT | +0.0083% | 8h | 788.02 | +0.086% | $68.5M | $51.4M | 50x | as long as short |
| Lighter BNB | +0.0096% | 1h | 787.89 | +0.070% | $2.7M | $3.7M | 20x | as long as short |
| Nado BNB-PERP | +0.0100% | 1h | 787.80 | +0.058% | $1.4M | $2.5M | 20x | as long as short |
| Hyperliquid BNB | +0.0100% | 1h | 788.35 | +0.128% | $51.8M | $17.3M | 10x | as long as short |
| Pacifica BNB | +0.0100% | 1h | 788.08 | +0.093% | $1.2M | $936K | 20x | as long as short |
| Bybit BNBUSDT | +0.0100% | 8h | 787.70 | +0.045% | $138.8M | $70.9M | 75x | as long as short |
| OKX BNB-USDT-SWAP | +0.0100% | 8h | 787.70 | +0.045% | $53.7M | $107.8M | 50x | as long as short |
| Arcus BNB-USD | +0.0100% | 1h | 787.90 | +0.070% | $52K | $124K | 10x | as long as short |
| Gate BNB_USDT | +0.0100% | 8h | 787.80 | +0.058% | $39.9M | $57.1M | 75x | as long as short |
| KuCoin BNBUSDTM | +0.0100% | 8h | 787.44 | +0.012% | $27.9M | $9.7M | 75x | as long as short |
| Bitget BNBUSDT | +0.0100% | 8h | 787.53 | +0.023% | $75.7M | $32.1M | 75x | as long as short |
| Backpack BNB_USDC_PERP | +0.0100% | 1h | 787.84 | +0.063% | $2.2M | $6.1M | 40x | as long as short |
| Variational Omni BNB | +0.0100% | 8h | 787.82 | +0.060% | $4.3M | $4.9M | — | as long as short |
| edgeX BNBUSDC | +0.0100% | 4h | 788.37 | +0.131% | $4.1M | $77.3M | 30x | as long as short |
| ApeX Omni BNBUSDT | +0.0100% | 1h | 788.39 | +0.133% | $159K | $440K | 50x | as long as short |
| Polymarket Perps BNB-USD | +0.0100% | 1h | 787.58 | +0.030% | $130K | $917K | 10x | as long as short |
| Orderly PERP_BNB_USDC | +0.0100% | 8h | 787.47 | +0.016% | $264K | $304K | 50x | as long as short |
| SunX BNB-USDT | +0.0100% | 8h | 787.99 | +0.082% | $12K | $1.4M | 50x | as long as short |
| SoDEX BNB-USD | +0.0100% | 1h | 787.50 | +0.020% | $387K | $939K | 10x | as long as short |
| HTX BNB-USDT | +0.0100% | 8h | 787.89 | +0.070% | $8.0M | $10.2M | 75x | as long as short |
| Paradex BNB-USD-PERP | +0.0100% | 8h | 788.25 | +0.114% | $78K | $217K | 50x | as long as short |
| Kalshi KXBNBPERP | +0.0104% | 8h | 788.30 | +0.121% | $161K | $2.6M | 4.8x | as long as short |
| Extended BNB-USD | +0.0104% | 1h | 787.44 | +0.011% | $1.8M | $5.8M | 50x | as long as short |
| Aevo BNB-PERP | +0.0104% | 1h | 787.34 | −0.001% | $378K | $110K | 10x | as long as short |
| BloFin BNB-USDT | +0.0117% | 8h | 788.60 | +0.159% | $17.6M | $2.3M | 75x | as long as short |
| Coinbase International BNB-PERP-INTX | +0.0120% | 1h | 788.70 | +0.172% | $551K | $2.0M | 50x | as long as short |
| Phoenix BNB | +0.0120% | 1h | 788.52 | +0.149% | $158K | $38K | 10x | as long as short |
| Bulk BNB-USD | +0.0150% | 1h | 788.74 | +0.177% | $639K | $0 | 10x | as long as short |
| Deribit BNB_USDC-PERPETUAL | +0.0200% | 1h | 787.86 | +0.066% | $1.5M | $138K | 25x | as long as short |
| 01 Exchange BNBUSD | +0.0224% | 1h | 788.17 | +0.105% | $28K | $3K | 10x | as long as short |
| dYdX BNB-USD | +0.0290% | 1h | 788.17 | +0.104% | $158K | $63K | 10x | as long as short |
| Reya BNBRUSDPERP | +0.0318% | 1h | 787.09 | −0.032% | $6K | $3K | 40x | as long as short |
| RISEx BNB/USDC | +0.0355% | 1h | 788.38 | +0.131% | $1.1M | $890K | 20x | as long as short |
| Hibachi BNB/USDT-P | +0.0424% | 1h | 788.33 | +0.124% | $67K | $39K | 12x | as long as short |
Injective BNB/USDC PERP
Phemex BNBUSDT
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
SunX BNB-USDT
SoDEX BNB-USD
HTX BNB-USDT
Paradex BNB-USD-PERP
Kalshi KXBNBPERP
Extended BNB-USD
Aevo BNB-PERP
BloFin BNB-USDT
Coinbase International BNB-PERP-INTX
Phoenix BNB
Bulk BNB-USD
Deribit BNB_USDC-PERPETUAL
01 Exchange BNBUSD
dYdX BNB-USD
Reya BNBRUSDPERP
RISEx BNB/USDC
Hibachi BNB/USDT-P