BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0232%/8h= +25.4% APRnext payment +$0.29 per $10,000 · paid last 24h −0.006%

Price spread now: SoDEX against Kraken Futures+0.014%7-day average +0.028% · 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−$39as in the Price arb table

costs, in and out, $10k−$380.376% of the position

Long on Kraken Futures Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.018%+$2 on $10k

Price spread, last 3 days (all we have)+0.010%+$1 · spread now +0.014%, 7d avg +0.028%

Together, before fees+0.029%+$3 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.028%, so right now this pair is about funding alone: +$7 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.018% in total (about 2.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.29 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_BNBUSD	792.59	−0.0132	get 0.0016% / 1h	46m 37s	$2.5M	$1.0M	50x
Short	SoDEX BNB-USD	792.70	0.0100	get 0.0013% / 1h	46m 37s	$390K	$995K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now +0.014%Rate

Funding earned: $48.68
Price spread: +0.014% → +0.028%: −$1.36
Slippage, 4 orders: −$19.62
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee SoDEX: 4 bp × 2 orders: −$8
Net: $9.69
Costs to cover: 0.376%
Break-even: 5.6 days

Slippage from Kraken Futures: live order book, 2 min ago; SoDEX: live order book, 37 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	8.39 bp	13.6 bp −$14	15.9 bp −$159	43.8 bp −$4,384	doesn't fit
Sell SoDEX live order book, 37 min ago	0.63 bp	4.9 bp −$5	8.6 bp −$86	81.8 bp −$8,184	doesn't fit

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 −0.0161% / S +0.0334%	1h	792.68	+0.012%	$47K	—	200x	as long as short
Kraken Futures PF_BNBUSDlong	−0.0132%	1h	792.59	long leg	$2.5M	$1.0M	50x
Hotstuff BNB-PERP	−0.0080%	1h	793.29	+0.088%	$4K	$239	25x	as long as short
Gate BNB_USDT	−0.0029%	8h	793.05	+0.058%	$35.4M	$55.3M	75x	as long as short
StandX BNB-USD	0.0000%	1h	794.21	+0.205%	$858K	$3.0M	30x	as long as short
GRVT BNB_USDT_Perp	+0.0002%	8h	793.91	+0.167%	$3.0M	$28.4M	10x	as long as short
Variational Omni BNB	+0.0006%	8h	792.93	+0.043%	$4.1M	$5.1M	—	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	792.71	+0.015%	$9.7M	—	150x	as long as short
Aster BNBUSDT	+0.0033%	8h	793.47	+0.111%	$6.1M	$19.9M	200x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+1.577%	$19K	$789K	30x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX BNB-USD	+0.0039%	1h	793.14	+0.070%	$160K	$63K	10x	as long as short
Phemex BNBUSDT	+0.0046%	8h	793.29	+0.088%	$69.3M	$50.3M	50x	as long as short
BingX BNB-USDT	+0.0050%	8h	792.98	+0.049%	—	$35.0M	—	as long as short
Coinbase International BNB-PERP-INTX	+0.0056%	1h	792.52	−0.009%	$608K	$1.1M	50x	as long as short
MEXC BNB_USDT	+0.0062%	8h	793.60	+0.128%	$82.3M	$12.7M	200x	as long as short
Binance BNBUSDT	+0.0062%	8h	793.44	+0.107%	$493.6M	$814.6M	75x	as long as short
Phoenix BNB	+0.0088%	1h	792.08	−0.064%	$170K	$36K	10x	as long as short
Bybit BNBUSDT	+0.0089%	8h	792.70	+0.014%	$138.1M	$77.0M	75x	as long as short
Lighter BNB	+0.0096%	1h	793.03	+0.055%	$2.8M	$3.9M	20x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	792.39	−0.025%	$383K	$409K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	792.75	+0.020%	$1.4M	$2.7M	20x	as long as short
Pacifica BNB	+0.0100%	1h	793.16	+0.072%	$1.2M	$932K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	792.70	+0.014%	$53.3M	$111.0M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	793.10	+0.065%	$52K	$134K	10x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	792.69	+0.013%	$27.7M	$10.0M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	792.84	+0.032%	$77.4M	$28.3M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	793.89	+0.165%	$4.1M	$76.8M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	793.99	+0.177%	$160K	$435K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	792.68	+0.012%	$112K	$887K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	792.60	+0.001%	$32K	$9K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	793.17	+0.073%	$13K	$1.6M	50x	as long as short
SoDEX BNB-USDshort	+0.0100%	1h	792.70	+0.014%	$390K	$995K	10x
HTX BNB-USDT	+0.0100%	8h	792.29	−0.037%	$8.1M	$8.7M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	793.49	+0.114%	$77K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	792.45	−0.018%	$1.7M	$6.0M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	792.49	−0.013%	$381K	$110K	10x	as long as short
Hyperliquid BNB	+0.0124%	1h	793.80	+0.153%	$52.6M	$19.8M	10x	as long as short
RISEx BNB/USDC	+0.0131%	1h	793.05	+0.059%	$1.1M	$1.4M	20x	as long as short
Kalshi KXBNBPERP	+0.0159%	8h	793.30	+0.090%	$106K	$2.8M	4.8x	as long as short
Bulk BNB-USD	+0.0167%	1h	793.21	+0.078%	$644K	$10K	10x	as long as short
BloFin BNB-USDT	+0.0182%	8h	794.06	+0.186%	$18.1M	$2.5M	75x	as long as short
01 Exchange BNBUSD	+0.0232%	1h	793.49	+0.114%	$28K	$1K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	792.93	+0.043%	$1.6M	$161K	25x	as long as short
Reya BNBRUSDPERP	+0.0329%	1h	792.51	−0.010%	$6K	$3K	40x	as long as short
Backpack BNB_USDC_PERP	+0.0366%	1h	793.53	+0.119%	$2.7M	$5.7M	40x	as long as short
Hibachi BNB/USDT-P	+0.0456%	1h	793.77	+0.149%	$68K	$38K	12x	as long as short