BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0315%/8h= +34.5% APRnext payment +$0.39 per $10,000 · paid last 24h −0.034%

Price spread now: Injective against Kraken Futures+0.044%63s7-day average −0.350% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Kraken Futures Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days−0.244%−$24 on $10k

Price spread, last 3 days (all we have)−0.476%−$48 · spread now +0.044%, 7d avg −0.350%

Together, before fees−0.720%−$72 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and Injective is 0.394% dearer against Kraken Futures than usual: you sell high and buy low: +$39 more if the spread goes back to its 7-day average of −0.350%. Mind the row above: over the last 7 days funding on this pair cost −0.244%, so the current rate has only just turned in your favour. The two prices were read 63 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_BNBUSD	804.53	0.0038	pay 0.0005% / 1h	27m 48s	$2.5M	$909K	50x
Short	Injective BNB/USDC PERP	804.89	0.0353	get 0.0044% / 1h	27m 48s	$19K	$627K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now +0.044%Rate

Funding earned: $66.15
Price spread: +0.044% → −0.350%: $39.42
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $95.55
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: Kraken Futures: live order book, 1 min ago; Injective: 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, 1 min ago	3.61 bp	10.1 bp −$10	13.8 bp −$138	32.8 bp −$3,282	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: 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 −0.0195% / S +0.0371%	1h	804.32	−0.026%	$49K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	804.71	+0.022%	$4K	$1K	25x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	804.60	+0.009%	$3.0M	$29.3M	10x	as long as short
Kalshi KXBNBPERP	0.0000%	8h	804.90	+0.046%	$112K	$2.5M	4.8x	as long as short
StandX BNB-USD	0.0000%	1h	804.09	−0.055%	$869K	$2.9M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	804.42	−0.014%	$9.8M	—	150x	as long as short
Kraken Futures PF_BNBUSDlong	+0.0038%	1h	804.53	long leg	$2.5M	$909K	50x
Variational Omni BNB	+0.0049%	8h	803.71	−0.102%	$4.0M	$5.4M	—	as long as short
BingX BNB-USDT	+0.0053%	8h	804.66	+0.016%	—	$34.5M	—	as long as short
Bybit BNBUSDT	+0.0075%	8h	804.60	+0.008%	$139.5M	$82.6M	75x	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	+0.0088%	1h	804.19	−0.043%	$609K	$878K	50x	as long as short
Aster BNBUSDT	+0.0091%	8h	805.30	+0.095%	$6.4M	$18.8M	200x	as long as short
Lighter BNB	+0.0096%	1h	804.84	+0.038%	$2.8M	$4.2M	20x	as long as short
Nado BNB-PERP	+0.0100%	1h	804.08	−0.057%	$1.4M	$2.8M	20x	as long as short
Pacifica BNB	+0.0100%	1h	804.97	+0.055%	$1.2M	$923K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	804.70	+0.021%	$55.1M	$115.7M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	804.60	+0.008%	$53K	$165K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	804.45	−0.010%	$35.9M	$58.5M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	804.54	+0.001%	$28.2M	$10.5M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	804.30	−0.029%	$79.2M	$24.5M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	804.62	+0.010%	$4.2M	$76.9M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	804.73	+0.025%	$159K	$438K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	804.27	−0.033%	$118K	$868K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	804.43	−0.013%	$389K	$593K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	804.57	+0.004%	$32K	$5K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	805.00	+0.057%	$13K	$1.7M	50x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0100%	1h	804.90	+0.046%	$1.6M	$165K	25x	as long as short
HTX BNB-USDT	+0.0100%	8h	804.24	−0.036%	$8.2M	$7.4M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	805.68	+0.142%	$79K	$19K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	804.29	−0.030%	$1.9M	$6.1M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	804.43	−0.013%	$386K	$40K	10x	as long as short
MEXC BNB_USDT	+0.0107%	8h	805.70	+0.145%	$84.5M	$13.6M	200x	as long as short
Binance BNBUSDT	+0.0109%	8h	805.36	+0.103%	$519.6M	$803.1M	75x	as long as short
Phemex BNBUSDT	+0.0125%	8h	805.04	+0.063%	$70.2M	$51.7M	50x	as long as short
Phoenix BNB	+0.0125%	1h	803.93	−0.075%	$173K	$35K	10x	as long as short
Hyperliquid BNB	+0.0166%	1h	805.26	+0.090%	$51.7M	$21.3M	10x	as long as short
SoDEX BNB-USD	+0.0184%	1h	804.50	−0.004%	$396K	$1.0M	10x	as long as short
Bulk BNB-USD	+0.0197%	1h	804.34	−0.024%	$650K	$11K	10x	as long as short
RISEx BNB/USDC	+0.0209%	1h	804.71	+0.022%	$1.1M	$1.4M	20x	as long as short
BloFin BNB-USDT	+0.0227%	8h	804.67	+0.017%	$18.8M	$3.1M	75x	as long as short
Hibachi BNB/USDT-P	+0.0240%	1h	804.11	−0.052%	$71K	$48K	12x	as long as short
dYdX BNB-USD	+0.0273%	1h	804.28	−0.031%	$170K	$55K	10x	as long as short
01 Exchange BNBUSD	+0.0328%	1h	805.29	+0.094%	$28K	$1K	10x	as long as short
Reya BNBRUSDPERP	+0.0334%	1h	804.09	−0.056%	$6K	$3K	40x	as long as short
Injective BNB/USDC PERPshort	+0.0353%	1h	804.89	+0.044%	$19K	$627K	30x
Backpack BNB_USDC_PERP	+0.0651%	1h	805.46	+0.115%	$3.0M	$5.4M	40x	as long as short