Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0150%/8h= −16.5% APRpaid last 24h +0.001%

Price spread now: Kraken Futures against Paradex−0.105%7-day average — · you buy dearer than you sell

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

Long on Paradex Short on Kraken Futures

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 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropParadex: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Kraken Futures is 0.105% cheaper against Paradex than usual: you would sell low and buy high (−$11 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex BNB-USD-PERP	786.20	0.0100	pay 0.0100% / 8h	38m 22s	$78K	$18K	50x
Short	Kraken Futures PF_BNBUSD	785.37	−0.0050	pay 0.0006% / 1h	38m 22s	$2.5M	$1.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Paradex. 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 ParadexbpFee Kraken FuturesbpOrdersPrice spread, now −0.105%Rate

Funding earned: −$31.59
Price spread: −0.105% → 0.000%: −$10.55
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$56.13
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Paradex: no order-book sample; Kraken Futures: live order book, 5 min ago. 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 Paradex no order-book sample	—	—	—	—	—
Sell Kraken Futures live order book, 5 min ago	4.39 bp	9.6 bp −$10	13.2 bp −$132	31.3 bp −$3,131	97.1 bp −$48.5K

Paradex: 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 −0.0168% / S +0.0337%	1h	785.47	−0.093%	$43K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	786.13	−0.008%	$4K	$42	25x	as long as short
Kraken Futures PF_BNBUSDshort	−0.0050%	1h	785.37	−0.105%	$2.5M	$1.2M	50x
StandX BNB-USD	0.0000%	1h	786.57	+0.048%	$848K	$2.7M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	785.52	−0.086%	$9.5M	—	150x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.403%	$19K	$789K	30x	as long as short
Aster BNBUSDT	+0.0043%	8h	786.10	−0.012%	$6.0M	$18.9M	200x	as long as short
BingX BNB-USDC	+0.0044%	8h	785.58	−0.078%	—	$13.4M	—	as long as short
MEXC BNB_USDT	+0.0054%	8h	786.80	+0.077%	$80.9M	$11.9M	200x	as long as short
Binance BNBUSDT	+0.0055%	8h	786.10	−0.013%	$488.7M	$822.1M	75x	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	+0.0061%	1h	785.74	−0.058%	$159K	$62K	10x	as long as short
Phemex BNBUSDT	+0.0080%	8h	786.12	−0.010%	$68.7M	$51.4M	50x	as long as short
Lighter BNB	+0.0096%	1h	785.88	−0.040%	$2.7M	$3.8M	20x	as long as short
Phoenix BNB	+0.0100%	1h	786.90	+0.090%	$168K	$35K	10x	as long as short
Nado BNB-PERP	+0.0100%	1h	785.60	−0.076%	$1.4M	$2.7M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	786.24	+0.006%	$51.4M	$17.7M	10x	as long as short
Pacifica BNB	+0.0100%	1h	785.95	−0.031%	$1.2M	$934K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	785.50	−0.089%	$138.2M	$74.8M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	785.30	−0.114%	$53.4M	$113.2M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	785.90	−0.038%	$52K	$129K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	785.55	−0.082%	$38.3M	$57.6M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	785.29	−0.115%	$27.6M	$10.2M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	785.32	−0.111%	$76.3M	$31.8M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	786.12	−0.010%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	786.30	+0.013%	$4.0M	$4.7M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	787.00	+0.102%	$4.1M	$76.1M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	786.94	+0.095%	$158K	$437K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	785.42	−0.099%	$131K	$953K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	785.57	−0.080%	$264K	$422K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	786.36	+0.021%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	786.07	−0.017%	$12K	$1.5M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	785.70	−0.063%	$386K	$972K	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	786.00	−0.025%	$8.0M	$10.3M	75x	as long as short
Paradex BNB-USD-PERPlong	+0.0100%	8h	786.20	long leg	$78K	$18K	50x
Extended BNB-USD	+0.0104%	1h	785.19	−0.128%	$1.8M	$5.9M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	785.58	−0.078%	$377K	$110K	10x	as long as short
Coinbase International BNB-PERP-INTX	+0.0104%	1h	786.02	−0.022%	$556K	$1.9M	50x	as long as short
Kalshi KXBNBPERP	+0.0114%	8h	786.20	0.000%	$170K	$2.7M	4.8x	as long as short
BloFin BNB-USDT	+0.0175%	8h	786.50	+0.039%	$17.7M	$2.2M	75x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0200%	1h	786.01	−0.024%	$1.5M	$145K	25x	as long as short
Bulk BNB-USD	+0.0201%	1h	786.50	+0.039%	$637K	$831	10x	as long as short
GRVT BNB_USDT_Perp	+0.0225%	8h	787.31	+0.142%	$2.9M	$28.6M	10x	as long as short
01 Exchange BNBUSD	+0.0264%	1h	786.16	−0.005%	$28K	$4K	10x	as long as short
Reya BNBRUSDPERP	+0.0321%	1h	785.25	−0.120%	$6K	$3K	40x	as long as short
RISEx BNB/USDC	+0.0350%	1h	785.92	−0.034%	$1.1M	$906K	20x	as long as short
Hibachi BNB/USDT-P	+0.0464%	1h	786.34	+0.018%	$67K	$39K	12x	as long as short