Settings8H · net · $10k
Funding arb · Price arb /

BNB

all BNB markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 12:00 UTC+0.0394%/8h= +43.1% APRnext payment +$0.49 per $10,000 · paid last 24h +0.057%
Price spread now: 01 Exchange against Kraken Futures+0.069%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work for this trade now. Funding pays +$12 a day on $10k at the current rate, and 01 Exchange is 0.069% dearer against Kraken Futures than usual: you sell high and buy low: +$7 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKraken Futures PF_BNBUSD786.00−0.0138get 0.0017% / 1h50m 55s$2.7M$1.4M50x
Short01 Exchange BNBUSD786.540.0256get 0.0032% / 1h50m 55s$28K$3K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

01 Exchange 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
$82.75
Price spread: +0.069% → 0.000%
$6.92
Slippage, 4 orders
no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders
−$10
Fee 01 Exchange: 3.5 bp × 2 orders
−$7
Net
$72.67
Costs to cover
0.170%
Break-even
0.9 days
Slippage unknown: Kraken Futures: live order book, 1 min ago; 01 Exchange: 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
LegHalf-spread$10k$100k$1M$5M
Buy Kraken Futures live order book, 1 min ago3.43 bp11.5 bp −$1116.0 bp −$16033.1 bp −$3,31386.5 bp −$43.3K
Sell 01 Exchange no order-book sample
01 Exchange: 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 exchanges

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 −0.0166% / S +0.0336%1h785.93−0.009%$43K200xas long as short
Kraken Futures PF_BNBUSDlong−0.0138%1h786.00long leg$2.7M$1.4M50x
Hotstuff BNB-PERP−0.0080%1h786.45+0.058%$4K25xas long as short
Bybit BNBUSDT−0.0056%8h785.50−0.063%$138.6M$66.1M75xas long as short
BingX BNB-USDC−0.0047%8h786.14+0.018%$13.4Mas long as short
Aster BNBUSDT0.0000%8h786.55+0.071%$5.9M$16.8M200xas long as short
GRVT BNB_USDT_Perp0.0000%8h787.72+0.219%$2.9M$26.7M10xas long as short
Kalshi KXBNBPERP0.0000%8h786.50+0.064%$153K$2.5M4.8xas long as short
StandX BNB-USD0.0000%1h787.15+0.147%$849K$3.0M30xas long as short
gTrade (Gains Network) BNB/USDL +0.0007% / S −0.0007%1h785.89−0.014%$9.5M150xas long as short
Show all 46 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance BNBUSDT+0.0009%8h786.51+0.065%$480.3M$754.8M75xas long as short
MEXC BNB_USDT+0.0009%8h787.50+0.191%$83.4M$11.5M200xas long as short
Injective BNB/USDC PERP+0.0033%1h805.09+2.429%$19K$789K30xas long as short
BloFin BNB-USDT+0.0037%8h786.54+0.069%$18.5M$2.3M75xas long as short
Phemex BNBUSDT+0.0077%8h786.55+0.071%$68.3M$50.3M50xas long as short
Variational Omni BNB+0.0094%8h786.64+0.082%$4.3M$4.3Mas long as short
Lighter BNB+0.0096%1h786.11+0.014%$2.7M$2.9M20xas long as short
Nado BNB-PERP+0.0100%1h785.70−0.038%$1.3M$2.3M20xas long as short
Hyperliquid BNB+0.0100%1h786.60+0.077%$52.1M$16.4M10xas long as short
Pacifica BNB+0.0100%1h786.26+0.034%$1.2M$928K20xas long as short
OKX BNB-USDT-SWAP+0.0100%8h785.80−0.025%$53.3M$100.1M50xas long as short
Arcus BNB-USD+0.0100%1h786.20+0.026%$57K$124K10xas long as short
Gate BNB_USDT+0.0100%8h785.90−0.012%$42.1M$51.6M75xas long as short
KuCoin BNBUSDTM+0.0100%8h785.71−0.036%$28.1M$9.6M75xas long as short
Bitget BNBUSDT+0.0100%8h785.52−0.061%$75.5M$30.7M75xas long as short
Backpack BNB_USDC_PERP+0.0100%1h786.40+0.051%$2.2M$6.0M40xas long as short
edgeX BNBUSDC+0.0100%4h787.64+0.209%$4.1M$71.4M30xas long as short
ApeX Omni BNBUSDT+0.0100%1h787.46+0.186%$158K$459K50xas long as short
Polymarket Perps BNB-USD+0.0100%1h785.83−0.021%$126K$909K10xas long as short
Orderly PERP_BNB_USDC+0.0100%8h785.96−0.005%$264K$258K50xas long as short
Derive BNB-PERP+0.0100%1h786.10+0.013%$31K$10K10xas long as short
SunX BNB-USDT+0.0100%8h786.54+0.069%$12K$1.3M50xas long as short
SoDEX BNB-USD+0.0100%1h786.20+0.026%$386K$923K10xas long as short
HTX BNB-USDT+0.0100%8h786.36+0.047%$8.0M$9.9M75xas long as short
Paradex BNB-USD-PERP+0.0100%8h786.44+0.057%$78K$1.3M50xas long as short
Extended BNB-USD+0.0104%1h785.37−0.079%$1.8M$5.5M50xas long as short
Aevo BNB-PERP+0.0104%1h785.80−0.025%$377K$110K10xas long as short
Phoenix BNB+0.0116%1h787.45+0.185%$158K$45K10xas long as short
Coinbase International BNB-PERP-INTX+0.0136%1h786.33+0.043%$538K$1.9M50xas long as short
Deribit BNB_USDC-PERPETUAL+0.0200%1h786.23+0.030%$1.5M$126K25xas long as short
01 Exchange BNBUSDshort+0.0256%1h786.54+0.069%$28K$3K10x
Hibachi BNB/USDT-P+0.0272%1h786.34+0.043%$67K$34K12xas long as short
Bulk BNB-USD+0.0274%1h787.88+0.240%$638K$10K10xas long as short
Reya BNBRUSDPERP+0.0315%1h785.47−0.066%$6K$3K40xas long as short
dYdX BNB-USD+0.0337%1h785.90−0.013%$158K$34K10xas long as short
RISEx BNB/USDC+0.0391%1h786.23+0.029%$1.1M$938K20xas long as short