Funding you earn now, next payment 22:00 UTC+0.0555%/8h= +60.8% APRpaid last 24h +0.025%
Price spread now: Backpack against KuCoin+0.158%7-day average +0.137% · you sell dearer than you buy
Net, funding: paid 7d − costs−$18as in the Funding arb table
Net, price: spread back to 7d avg − costs−$28as in the Price arb table
costs, in and out, $10k−$300.301% of the position
Funding, last 7 days+0.124%+$12 on $10k
+Price spread, last 7 days−0.089%−$9 · spread now +0.158%, 7d avg +0.137%
=Both sides work for this trade now. Funding pays +$17 a day on $10k at the current rate, and Backpack is 0.021% dearer against KuCoin than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of +0.137%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.124% in total (about 6.4% a year). A funding rate is set anew for every payment. 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 | KuCoin BNBUSDTM | 804.54 | 0.0100 | pay 0.0100% / 8h | 2h 02m | $28.2M | $10.5M | 75x |
| Short | Backpack BNB_USDC_PERP | 805.81 | 0.0655 | get 0.0082% / 1h | 2m 54s | $3.0M | $5.5M | 40x |
KuCoin BNBUSDTM
Backpack BNB_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against KuCoin. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $116.56
- Price spread: +0.158% → +0.137%
- $2.09
- Slippage, 4 orders
- −$8.06
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- $88.59
- Costs to cover
- 0.301%
- Break-even
- 1.7 days
Slippage from KuCoin: live order book, 6 min ago; Backpack: live order book, 1 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 KuCoin live order book, 6 min ago | 0.68 bp | 10.8 bp −$11 | 23.0 bp −$230 | doesn't fit | doesn't fit |
| Sell Backpack live order book, 1 min ago | 0.06 bp | 5.1 bp −$5 | 6.1 bp −$61 | doesn't fit | 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 −0.0195% / S +0.0371% | 1h | 804.67 | +0.016% | $49K | — | 200x | as long as short |
| Hotstuff BNB-PERP | −0.0080% | 1h | 805.18 | +0.080% | $4K | $1K | 25x | as long as short |
| GRVT BNB_USDT_Perp | 0.0000% | 8h | 804.57 | +0.004% | $3.0M | $29.5M | 10x | as long as short |
| Kalshi KXBNBPERP | 0.0000% | 8h | 805.10 | +0.070% | $114K | $2.5M | 4.8x | as long as short |
| StandX BNB-USD | 0.0000% | 1h | 804.20 | −0.042% | $869K | $2.8M | 30x | as long as short |
| gTrade (Gains Network) BNB/USD | L +0.0008% / S −0.0007% | 1h | 804.75 | +0.026% | $9.8M | — | 150x | as long as short |
| Kraken Futures PF_BNBUSD | +0.0038% | 1h | 804.92 | +0.048% | $2.5M | $928K | 50x | as long as short |
| Variational Omni BNB | +0.0048% | 8h | 803.61 | −0.115% | $4.1M | $5.3M | — | as long as short |
| BingX BNB-USDC | +0.0056% | 8h | 804.68 | +0.017% | — | $13.3M | — | as long as short |
| Bybit BNBUSDT | +0.0079% | 8h | 804.30 | −0.030% | $139.6M | $81.7M | 75x | as long as short |
GMX BNB/USD [WBTC.b-USDC]
Hotstuff BNB-PERP
GRVT BNB_USDT_Perp
Kalshi KXBNBPERP
StandX BNB-USD
gTrade (Gains Network) BNB/USD
Kraken Futures PF_BNBUSD
Variational Omni BNB
BingX BNB-USDC
Bybit BNBUSDTShow 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 | 804.54 | 0.000% | $607K | $881K | 50x | as long as short |
| Lighter BNB | +0.0096% | 1h | 805.01 | +0.058% | $2.8M | $4.2M | 20x | as long as short |
| Aster BNBUSDT | +0.0099% | 8h | 805.28 | +0.092% | $6.4M | $18.9M | 200x | as long as short |
| Nado BNB-PERP | +0.0100% | 1h | 804.45 | −0.011% | $1.5M | $2.8M | 20x | as long as short |
| Pacifica BNB | +0.0100% | 1h | 804.93 | +0.048% | $1.2M | $924K | 20x | as long as short |
| OKX BNB-USDT-SWAP | +0.0100% | 8h | 804.40 | −0.017% | $55.2M | $116.1M | 50x | as long as short |
| Arcus BNB-USD | +0.0100% | 1h | 805.00 | +0.057% | $53K | $170K | 10x | as long as short |
| Gate BNB_USDT | +0.0100% | 8h | 804.55 | +0.001% | $36.1M | $59.2M | 75x | as long as short |
| KuCoin BNBUSDTMlong | +0.0100% | 8h | 804.54 | long leg | $28.2M | $10.5M | 75x | |
| Bitget BNBUSDT | +0.0100% | 8h | 804.37 | −0.021% | $78.9M | $24.8M | 75x | as long as short |
| edgeX BNBUSDC | +0.0100% | 4h | 804.74 | +0.025% | $4.2M | $76.4M | 30x | as long as short |
| ApeX Omni BNBUSDT | +0.0100% | 1h | 804.70 | +0.020% | $159K | $436K | 50x | as long as short |
| Polymarket Perps BNB-USD | +0.0100% | 1h | 804.62 | +0.010% | $116K | $873K | 10x | as long as short |
| Orderly PERP_BNB_USDC | +0.0100% | 8h | 804.73 | +0.024% | $389K | $592K | 50x | as long as short |
| Derive BNB-PERP | +0.0100% | 1h | 805.00 | +0.057% | $32K | $5K | 10x | as long as short |
| SunX BNB-USDT | +0.0100% | 8h | 805.25 | +0.089% | $13K | $1.7M | 50x | as long as short |
| Deribit BNB_USDC-PERPETUAL | +0.0100% | 1h | 805.30 | +0.094% | $1.6M | $165K | 25x | as long as short |
| HTX BNB-USDT | +0.0100% | 8h | 804.71 | +0.021% | $8.2M | $7.5M | 75x | as long as short |
| Paradex BNB-USD-PERP | +0.0100% | 8h | 805.38 | +0.104% | $79K | $19K | 50x | as long as short |
| Extended BNB-USD | +0.0104% | 1h | 804.26 | −0.035% | $1.9M | $5.9M | 50x | as long as short |
| Aevo BNB-PERP | +0.0104% | 1h | 804.93 | +0.049% | $387K | $40K | 10x | as long as short |
| MEXC BNB_USDT | +0.0115% | 8h | 805.50 | +0.119% | $84.6M | $13.7M | 200x | as long as short |
| Binance BNBUSDT | +0.0116% | 8h | 805.34 | +0.099% | $520.1M | $806.2M | 75x | as long as short |
| Phoenix BNB | +0.0125% | 1h | 804.66 | +0.015% | $173K | $35K | 10x | as long as short |
| Phemex BNBUSDT | +0.0138% | 8h | 805.43 | +0.111% | $70.3M | $51.8M | 50x | as long as short |
| SoDEX BNB-USD | +0.0191% | 1h | 804.80 | +0.032% | $396K | $1.0M | 10x | as long as short |
| Hyperliquid BNB | +0.0195% | 1h | 805.17 | +0.078% | $51.8M | $22.0M | 10x | as long as short |
| RISEx BNB/USDC | +0.0209% | 1h | 804.91 | +0.046% | $1.1M | $1.4M | 20x | as long as short |
| dYdX BNB-USD | +0.0230% | 1h | 804.85 | +0.038% | $170K | $55K | 10x | as long as short |
| BloFin BNB-USDT | +0.0236% | 8h | 805.43 | +0.111% | $18.9M | $3.1M | 75x | as long as short |
| Hibachi BNB/USDT-P | +0.0256% | 1h | 804.10 | −0.054% | $71K | $48K | 12x | as long as short |
| Bulk BNB-USD | +0.0258% | 1h | 805.37 | +0.103% | $651K | $14K | 10x | as long as short |
| Reya BNBRUSDPERP | +0.0334% | 1h | 804.39 | −0.018% | $6K | $3K | 40x | as long as short |
| 01 Exchange BNBUSD | +0.0344% | 1h | 805.61 | +0.133% | $28K | $1K | 10x | as long as short |
| Injective BNB/USDC PERP | +0.0353% | 1h | 804.89 | +0.044% | $19K | $627K | 30x | as long as short |
| Backpack BNB_USDC_PERPshort | +0.0655% | 1h | 805.81 | +0.158% | $3.0M | $5.5M | 40x |
Coinbase International BNB-PERP-INTX
Lighter BNB
Aster BNBUSDT
Nado BNB-PERP
Pacifica BNB
OKX BNB-USDT-SWAP
Arcus BNB-USD
Gate BNB_USDT
Bitget BNBUSDT
edgeX BNBUSDC
ApeX Omni BNBUSDT
Polymarket Perps BNB-USD
Orderly PERP_BNB_USDC
Derive BNB-PERP
SunX BNB-USDT
Deribit BNB_USDC-PERPETUAL
HTX BNB-USDT
Paradex BNB-USD-PERP
Extended BNB-USD
Aevo BNB-PERP
MEXC BNB_USDT
Binance BNBUSDT
Phoenix BNB
Phemex BNBUSDT
SoDEX BNB-USD
Hyperliquid BNB
RISEx BNB/USDC
dYdX BNB-USD
BloFin BNB-USDT
Hibachi BNB/USDT-P
Bulk BNB-USD
Reya BNBRUSDPERP
01 Exchange BNBUSD
Injective BNB/USDC PERP