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Funding arb · Price arb /

BNB

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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 03:00 UTC+0.0009%/8h= +1.0% APRpaid last 24h −0.006%
Price spread now: HTX against Kraken Futures+0.025%7-day average −0.006% · you sell dearer than you buy
Net, funding: paid 7d − costs−$29as in the Funding arb table
Net, price: spread back to 7d avg − costs−$35as in the Price arb table
costs, in and out, $10k−$380.380% of the position
Long on Kraken FuturesShort on HTX
What this pair did over the last
the charts below follow
Funding, last 7 days+0.094%+$9 on $10k
Price spread, last 4 days (all we have)−0.036%−$4 · spread now +0.025%, 7d avg −0.006%
Together, before fees+0.058%+$6 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: HTX is 0.031% dearer against Kraken Futures than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.006%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKraken Futures PF_BNBUSD791.200.0091pay 0.0011% / 1h9m 03s$2.5M$1.2M50x
ShortHTX BNB-USDT791.390.0100get 0.0100% / 8h5h 09m$8.1M$9.2M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

HTX 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
$1.92
Price spread: +0.025% → −0.006%
$3.07
Slippage, 4 orders
−$15.98
Fee Kraken Futures: 5 bp × 2 orders
−$10
Fee HTX: 6 bp × 2 orders
−$12
Net
−$33
Costs to cover
0.380%
Break-even
127.5 days
Slippage from Kraken Futures: live order book, 5 min ago; HTX: live order book, 5 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, 5 min ago4.30 bp11.2 bp −$1116.8 bp −$16836.4 bp −$3,644136.3 bp −$68.1K
Sell HTX live order book, 5 min ago0.97 bp9.2 bp −$914.9 bp −$14948.0 bp −$4,803doesn'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 −0.0167% / S +0.0335%1h791.40+0.026%$46K—200xas long as short
Hotstuff BNB-PERP−0.0080%1h791.63+0.055%$4K$23925xas long as short
StandX BNB-USD0.0000%1h792.95+0.222%$857K$3.1M30xas long as short
gTrade (Gains Network) BNB/USDL +0.0007% / S −0.0007%1h791.40+0.026%$9.7M—150xas long as short
Injective BNB/USDC PERP+0.0033%1h805.09+1.756%$19K$789K30xas long as short
Coinbase International BNB-PERP-INTX+0.0048%1h792.03+0.105%$615K$1.8M50xas long as short
Phemex BNBUSDT+0.0049%8h791.85+0.083%$69.4M$50.5M50xas long as short
Aster BNBUSDT+0.0050%8h791.80+0.076%$6.2M$18.6M200xas long as short
BingX BNB-USDC+0.0060%8h791.42+0.028%—$13.4M—as long as short
MEXC BNB_USDT+0.0072%8h792.20+0.127%$80.5M$12.5M200xas long as short
Show all 46 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance BNBUSDT+0.0072%8h791.85+0.083%$494.7M$790.5M75xas long as short
Kraken Futures PF_BNBUSDlong+0.0091%1h791.20long leg$2.5M$1.2M50x
Lighter BNB+0.0096%1h791.64+0.056%$2.8M$3.9M20xas long as short
Orderly PERP_BNB_USDC+0.0100%8h791.48+0.036%$266K$498K50xas long as short
Nado BNB-PERP+0.0100%1h790.95−0.031%$1.5M$2.6M20xas long as short
Hyperliquid BNB+0.0100%1h791.96+0.097%$52.0M$17.5M10xas long as short
Pacifica BNB+0.0100%1h791.40+0.025%$1.2M$914K20xas long as short
Bybit BNBUSDT+0.0100%8h791.200.000%$139.2M$76.5M75xas long as short
OKX BNB-USDT-SWAP+0.0100%8h791.10−0.012%$53.7M$111.5M50xas long as short
Arcus BNB-USD+0.0100%1h791.40+0.026%$52K$130K10xas long as short
Gate BNB_USDT+0.0100%8h791.30+0.013%$35.4M$57.3M75xas long as short
KuCoin BNBUSDTM+0.0100%8h791.19−0.001%$27.7M$10.3M75xas long as short
Bitget BNBUSDT+0.0100%8h791.05−0.019%$77.0M$29.8M75xas long as short
Backpack BNB_USDC_PERP+0.0100%1h791.70+0.064%$2.2M$6.1M40xas long as short
Variational Omni BNB+0.0100%8h791.10−0.013%$4.1M$4.6M—as long as short
edgeX BNBUSDC+0.0100%4h791.85+0.083%$4.1M$74.5M30xas long as short
ApeX Omni BNBUSDT+0.0100%1h791.88+0.086%$159K$441K50xas long as short
Polymarket Perps BNB-USD+0.0100%1h791.19−0.001%$134K$949K10xas long as short
Derive BNB-PERP+0.0100%1h791.62+0.054%$31K$12K10xas long as short
SunX BNB-USDT+0.0100%8h791.97+0.098%$12K$1.5M50xas long as short
SoDEX BNB-USD+0.0100%1h791.60+0.051%$389K$1.0M10xas long as short
HTX BNB-USDTshort+0.0100%8h791.39+0.025%$8.1M$9.2M75x
Paradex BNB-USD-PERP+0.0102%8h791.86+0.084%$77K$17K50xas long as short
Extended BNB-USD+0.0104%1h791.04−0.019%$1.8M$5.9M50xas long as short
Aevo BNB-PERP+0.0104%1h791.43+0.029%$380K$110K10xas long as short
Phoenix BNB+0.0107%1h791.53+0.042%$170K$35K10xas long as short
GRVT BNB_USDT_Perp+0.0143%8h792.25+0.134%$2.9M$27.9M10xas long as short
Kalshi KXBNBPERP+0.0187%8h791.90+0.089%$82K$2.7M4.8xas long as short
BloFin BNB-USDT+0.0192%8h791.99+0.100%$18.2M$2.2M75xas long as short
dYdX BNB-USD+0.0193%1h791.190.000%$160K$63K10xas long as short
01 Exchange BNBUSD+0.0280%1h791.92+0.091%$28K$4K10xas long as short
Deribit BNB_USDC-PERPETUAL+0.0300%1h791.87+0.085%$1.5M$143K25xas long as short
Reya BNBRUSDPERP+0.0327%1h790.98−0.028%$6K$3K40xas long as short
RISEx BNB/USDC+0.0361%1h791.50+0.038%$1.1M$980K20xas long as short
Bulk BNB-USD+0.0366%1h792.18+0.125%$641K$9K10xas long as short
Hibachi BNB/USDT-P+0.0584%1h792.19+0.125%$68K$38K12xas long as short