Settings8H · net · $10k
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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 00:00 UTC+0.0174%/8h= +19.0% APRpaid last 24h −0.019%
Price spread now: KuCoin against Kraken Futures−0.014%52s7-day average −0.004% · you buy dearer than you sell
Net, funding: paid 7d − costs−$40as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$450.452% of the position
Long on Kraken FuturesShort on KuCoin
What this pair did over the last
the charts below follow
Funding, last 7 days+0.052%+$5 on $10k
Price spread, last 3 days (all we have)+0.062%+$6 · spread now −0.014%, 7d avg −0.004%
Together, before fees+0.114%+$11 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.004%, so right now this pair is about funding alone: +$5 a day on $10k at the current rate. The two prices were read 52 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKraken Futures PF_BNBUSD798.55−0.0074get 0.0009% / 1h21m 25s$2.5M$972K50x
ShortKuCoin BNBUSDTM798.440.0100get 0.0100% / 8h21m 25s$28.0M$10.3M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin 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
$36.53
Price spread: −0.014% → −0.004%
−$0.98
Slippage, 4 orders
−$23.17
Fee Kraken Futures: 5 bp × 2 orders
−$10
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$9.63
Costs to cover
0.452%
Break-even
8.8 days
Slippage from Kraken Futures: live order book, 2 min ago; KuCoin: live order book, 3 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, 2 min ago2.88 bp10.1 bp −$1014.4 bp −$14425.6 bp −$2,56086.0 bp −$43.0K
Sell KuCoin live order book, 3 min ago0.81 bp14.4 bp −$1421.6 bp −$21649.9 bp −$4,994doesn'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 −0.0201% / S +0.0372%1h798.98+0.053%$47K—200xas long as short
Hotstuff BNB-PERP−0.0080%1h798.76+0.026%$4K$1K25xas long as short
Kraken Futures PF_BNBUSDlong−0.0074%1h798.55long leg$2.5M$972K50x
GRVT BNB_USDT_Perp0.0000%8h798.68+0.016%$3.0M$27.9M10xas long as short
StandX BNB-USD0.0000%1h798.96+0.051%$863K$2.9M30xas long as short
gTrade (Gains Network) BNB/USDL +0.0008% / S −0.0007%1h799.09+0.067%$9.7M—150xas long as short
Variational Omni BNB+0.0013%8h798.06−0.062%$4.1M$5.4M—as long as short
BingX BNB-USDT+0.0035%8h798.58+0.003%—$34.8M—as long as short
Bybit BNBUSDT+0.0042%8h798.20−0.044%$138.5M$77.0M75xas long as short
Coinbase International BNB-PERP-INTX+0.0072%1h799.89+0.167%$606K$986K50xas long as short
Show all 46 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster BNBUSDT+0.0089%8h799.09+0.067%$6.3M$19.1M200xas long as short
Lighter BNB+0.0096%1h798.76+0.026%$2.8M$4.1M20xas long as short
Nado BNB-PERP+0.0100%1h798.25−0.038%$1.4M$2.7M20xas long as short
Pacifica BNB+0.0100%1h798.75+0.025%$1.2M$926K20xas long as short
OKX BNB-USDT-SWAP+0.0100%8h798.30−0.032%$54.3M$112.8M50xas long as short
Arcus BNB-USD+0.0100%1h798.90+0.043%$53K$133K10xas long as short
Gate BNB_USDT+0.0100%8h798.35−0.025%$35.8M$58.3M75xas long as short
KuCoin BNBUSDTMshort+0.0100%8h798.44−0.014%$28.0M$10.3M75x
Bitget BNBUSDT+0.0100%8h798.24−0.039%$79.1M$27.5M75xas long as short
edgeX BNBUSDC+0.0100%4h798.50−0.006%$4.1M$76.5M30xas long as short
ApeX Omni BNBUSDT+0.0100%1h799.21+0.082%$161K$439K50xas long as short
Polymarket Perps BNB-USD+0.0100%1h798.40−0.019%$116K$875K10xas long as short
Orderly PERP_BNB_USDC+0.0100%8h798.82+0.033%$386K$497K50xas long as short
Derive BNB-PERP+0.0100%1h799.02+0.059%$32K$5K10xas long as short
SunX BNB-USDT+0.0100%8h799.43+0.110%$13K$1.7M50xas long as short
SoDEX BNB-USD+0.0100%1h798.90+0.043%$393K$1.0M10xas long as short
Deribit BNB_USDC-PERPETUAL+0.0100%1h799.17+0.077%$1.6M$165K25xas long as short
HTX BNB-USDT+0.0100%8h798.75+0.025%$8.2M$8.0M75xas long as short
Paradex BNB-USD-PERP+0.0100%8h798.96+0.051%$78K$19K50xas long as short
Extended BNB-USD+0.0104%1h798.09−0.058%$1.8M$6.5M50xas long as short
Aevo BNB-PERP+0.0104%1h798.95+0.050%$384K$40K10xas long as short
Phemex BNBUSDT+0.0109%8h799.34+0.098%$69.9M$50.5M50xas long as short
Binance BNBUSDT+0.0109%8h799.05+0.062%$497.9M$818.2M75xas long as short
MEXC BNB_USDT+0.0110%8h799.40+0.106%$83.0M$13.6M200xas long as short
Kalshi KXBNBPERP+0.0126%8h799.30+0.093%$89K$2.9M4.8xas long as short
Phoenix BNB+0.0127%1h798.57+0.002%$172K$36K10xas long as short
Hibachi BNB/USDT-P+0.0176%1h799.08+0.066%$70K$43K12xas long as short
Hyperliquid BNB+0.0212%1h799.41+0.107%$52.5M$21.2M10xas long as short
BloFin BNB-USDT+0.0231%8h798.87+0.040%$18.2M$2.5M75xas long as short
Bulk BNB-USD+0.0239%1h800.03+0.185%$650K$19K10xas long as short
RISEx BNB/USDC+0.0258%1h798.65+0.012%$1.1M$1.4M20xas long as short
01 Exchange BNBUSD+0.0288%1h799.21+0.082%$28K$1K10xas long as short
Injective BNB/USDC PERP+0.0306%1h805.09+0.819%$19K$789K30xas long as short
Reya BNBRUSDPERP+0.0331%1h798.12−0.054%$6K$3K40xas long as short
dYdX BNB-USD+0.0367%1h798.70+0.018%$161K$62K10xas long as short
Backpack BNB_USDC_PERP+0.0394%1h799.35+0.100%$2.7M$5.7M40xas long as short