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

BNB

all BNB markets
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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 21:00 UTC−0.0087%/8h= −9.5% APRnext payment −$0.11 per $10,000 · paid last 24h +0.009%
Price spread now: Kraken Futures against Phoenix+0.045%7-day average −0.090% · you sell dearer than you buy
Net, funding: paid 7d − costs−$73as in the Funding arb table
Net, price: spread back to 7d avg − costs−$34as in the Price arb table
costs, in and out, $10k−$470.470% of the position
Long on PhoenixShort on Kraken Futures
What this pair did over the last
the charts below follow
Funding, last 7 days−0.263%−$26 on $10k
Price spread, last 3 days (all we have)−0.274%−$27 · spread now +0.045%, 7d avg −0.090%
Together, before fees−0.537%−$54 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Kraken Futures is 0.134% dearer against Phoenix than usual: you sell high and buy low (spread +0.045% now, against its 7-day average of −0.090%): +$13 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 5.2 days.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPhoenix BNB803.930.0125pay 0.0016% / 1h28m 58s$173K$35K10x
ShortKraken Futures PF_BNBUSD804.290.0038get 0.0005% / 1h28m 58s$2.5M$909K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Kraken Futures against Phoenix. 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
−$18.25
Price spread: +0.045% → −0.090%
$13.42
Slippage, 4 orders
−$29.95
Fee Phoenix: 3.5 bp × 2 orders
−$7
Fee Kraken Futures: 5 bp × 2 orders
−$10
Net
−$51.78
Costs to cover
0.470%
Break-even
never at this rate
Slippage from Phoenix: live order book, 54 min ago; Kraken Futures: live order book, 5 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 Phoenix live order book, 54 min ago0.99 bp12.3 bp −$1250.8 bp −$508doesn't fitdoesn't fit
Sell Kraken Futures live order book, 5 min ago2.43 bp10.0 bp −$1014.5 bp −$14532.4 bp −$3,239doesn'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 −0.0195% / S +0.0371%1h803.87−0.008%$48K—200xas long as short
Hotstuff BNB-PERP−0.0080%1h804.28+0.044%$4K$1K25xas long as short
GRVT BNB_USDT_Perp0.0000%8h804.60+0.084%$3.0M$29.3M10xas long as short
Kalshi KXBNBPERP0.0000%8h804.60+0.083%$112K$2.5M4.8xas long as short
StandX BNB-USD0.0000%1h804.09+0.020%$869K$2.9M30xas long as short
gTrade (Gains Network) BNB/USDL +0.0008% / S −0.0007%1h803.92−0.001%$9.8M—150xas long as short
Kraken Futures PF_BNBUSDshort+0.0038%1h804.29+0.045%$2.5M$909K50x
Variational Omni BNB+0.0049%8h803.71−0.027%$4.0M$5.4M—as long as short
BingX BNB-USDC+0.0054%8h804.24+0.039%—$13.3M—as long as short
Bybit BNBUSDT+0.0075%8h803.90−0.004%$139.4M$82.8M75xas long as short
Show all 46 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Coinbase International BNB-PERP-INTX+0.0088%1h804.19+0.032%$609K$878K50xas long as short
Aster BNBUSDT+0.0090%8h804.71+0.097%$6.4M$18.8M200xas long as short
Lighter BNB+0.0096%1h804.30+0.046%$2.8M$4.2M20xas long as short
Nado BNB-PERP+0.0100%1h803.76−0.021%$1.4M$2.8M20xas long as short
Pacifica BNB+0.0100%1h804.19+0.032%$1.2M$923K20xas long as short
OKX BNB-USDT-SWAP+0.0100%8h804.10+0.021%$55.1M$115.5M50xas long as short
Arcus BNB-USD+0.0100%1h804.30+0.046%$53K$165K10xas long as short
Gate BNB_USDT+0.0100%8h804.00+0.009%$35.9M$58.5M75xas long as short
KuCoin BNBUSDTM+0.0100%8h803.88−0.006%$28.1M$10.5M75xas long as short
Bitget BNBUSDT+0.0100%8h803.97+0.005%$79.1M$24.5M75xas long as short
edgeX BNBUSDC+0.0100%4h804.62+0.085%$4.2M$76.9M30xas long as short
ApeX Omni BNBUSDT+0.0100%1h804.73+0.100%$159K$438K50xas long as short
Polymarket Perps BNB-USD+0.0100%1h803.85−0.010%$118K$868K10xas long as short
Orderly PERP_BNB_USDC+0.0100%8h804.14+0.026%$389K$593K50xas long as short
Derive BNB-PERP+0.0100%1h804.27+0.043%$32K$5K10xas long as short
SunX BNB-USDT+0.0100%8h804.66+0.091%$13K$1.7M50xas long as short
Deribit BNB_USDC-PERPETUAL+0.0100%1h804.61+0.085%$1.6M$165K25xas long as short
HTX BNB-USDT+0.0100%8h804.24+0.039%$8.2M$7.4M75xas long as short
Paradex BNB-USD-PERP+0.0100%8h804.69+0.095%$79K$19K50xas long as short
Extended BNB-USD+0.0104%1h803.91−0.002%$1.9M$6.1M50xas long as short
Aevo BNB-PERP+0.0104%1h804.15+0.028%$386K$40K10xas long as short
MEXC BNB_USDT+0.0106%8h805.10+0.146%$84.4M$13.6M200xas long as short
Binance BNBUSDT+0.0107%8h804.95+0.127%$519.4M$803.1M75xas long as short
Phemex BNBUSDT+0.0125%8h804.61+0.085%$70.2M$51.7M50xas long as short
Phoenix BNBlong+0.0125%1h803.93long leg$173K$35K10x
Hyperliquid BNB+0.0161%1h804.79+0.107%$51.7M$21.3M10xas long as short
SoDEX BNB-USD+0.0181%1h804.10+0.021%$396K$1.0M10xas long as short
Bulk BNB-USD+0.0197%1h804.34+0.051%$650K$11K10xas long as short
RISEx BNB/USDC+0.0209%1h804.35+0.052%$1.1M$1.4M20xas long as short
BloFin BNB-USDT+0.0227%8h804.67+0.092%$18.8M$3.1M75xas long as short
Hibachi BNB/USDT-P+0.0240%1h804.11+0.022%$71K$48K12xas long as short
dYdX BNB-USD+0.0272%1h804.28+0.044%$170K$55K10xas long as short
01 Exchange BNBUSD+0.0328%1h804.92+0.123%$28K$1K10xas long as short
Reya BNBRUSDPERP+0.0334%1h803.68−0.031%$6K$3K40xas long as short
Injective BNB/USDC PERP+0.0353%1h804.89+0.119%$19K$627K30xas long as short
Backpack BNB_USDC_PERP+0.0653%1h805.01+0.134%$3.0M$5.4M40xas long as short