BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC−0.0065%/8h= −7.1% APRnext payment −$0.08 per $10,000 · paid last 24h −0.005%

Price spread now: Kraken Futures against SoDEX−0.040%7-day average −0.027% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$32as in the Price arb table

costs, in and out, $10k−$300.305% of the position

Long on SoDEX Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.023%−$2 on $10k

Price spread, last 4 days (all we have)0.000%$0 · spread now −0.040%, 7d avg −0.027%

Together, before fees−0.024%−$2 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.027%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX BNB-USD	787.20	0.0100	pay 0.0013% / 1h	58m 07s	$387K	$939K	10x
Short	Kraken Futures PF_BNBUSD	786.89	0.0035	get 0.0004% / 1h	58m 07s	$2.5M	$1.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against SoDEX. 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 SoDEXbpFee Kraken FuturesbpOrdersPrice spread, now −0.040%Rate

Funding earned: −$13.68
Price spread: −0.040% → −0.027%: −$1.29
Slippage, 4 orders: −$12.47
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$45.44
Costs to cover: 0.305%
Break-even: never at this rate

Slippage from SoDEX: live order book, 46 min ago; Kraken Futures: live order book, just now.

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 SoDEX live order book, 46 min ago	0.64 bp	4.6 bp −$5	8.3 bp −$83	71.6 bp −$7,157	doesn't fit
Sell Kraken Futures live order book, just now	4.07 bp	12.0 bp −$12	15.7 bp −$157	34.7 bp −$3,470	93.5 bp −$46.8K

BNB on 45 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 −0.0166% / S +0.0336%	1h	787.50	+0.038%	$43K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	787.87	+0.085%	$4K	—	25x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	788.33	+0.143%	$2.9M	$26.5M	10x	as long as short
StandX BNB-USD	0.0000%	1h	788.44	+0.158%	$850K	$2.8M	30x	as long as short
Aster BNBUSDT	+0.0007%	8h	787.30	+0.013%	$6.0M	$17.7M	200x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	787.53	+0.042%	$9.5M	—	150x	as long as short
BingX BNB-USDT	+0.0020%	8h	787.01	−0.024%	—	$22.3M	—	as long as short
Binance BNBUSDT	+0.0026%	8h	787.26	+0.008%	$482.4M	$796.7M	75x	as long as short
MEXC BNB_USDT	+0.0027%	8h	788.70	+0.191%	$82.9M	$11.7M	200x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.273%	$19K	$789K	30x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_BNBUSDshort	+0.0035%	1h	786.89	−0.040%	$2.5M	$1.2M	50x
Phemex BNBUSDT	+0.0082%	8h	787.51	+0.039%	$68.5M	$51.4M	50x	as long as short
Lighter BNB	+0.0096%	1h	787.13	−0.009%	$2.7M	$3.4M	20x	as long as short
Nado BNB-PERP	+0.0100%	1h	787.15	−0.006%	$1.4M	$2.5M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	787.47	+0.034%	$51.7M	$17.3M	10x	as long as short
Pacifica BNB	+0.0100%	1h	787.40	+0.025%	$1.2M	$940K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	786.70	−0.064%	$138.7M	$70.8M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	786.80	−0.051%	$53.6M	$107.4M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	787.50	+0.038%	$52K	$124K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	786.85	−0.044%	$39.9M	$53.7M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	786.78	−0.053%	$27.8M	$9.7M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	786.44	−0.097%	$75.6M	$32.4M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	787.28	+0.010%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	787.30	+0.013%	$4.3M	$4.9M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	788.05	+0.109%	$4.1M	$77.6M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	788.09	+0.113%	$159K	$440K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	787.21	+0.001%	$130K	$916K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	787.10	−0.013%	$264K	$304K	50x	as long as short
SunX BNB-USDT	+0.0100%	8h	787.64	+0.056%	$12K	$1.4M	50x	as long as short
SoDEX BNB-USDlong	+0.0100%	1h	787.20	long leg	$387K	$939K	10x
HTX BNB-USDT	+0.0100%	8h	787.33	+0.017%	$8.0M	$10.2M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	787.62	+0.053%	$78K	$267K	50x	as long as short
Kalshi KXBNBPERP	+0.0103%	8h	788.00	+0.102%	$161K	$2.5M	4.8x	as long as short
Extended BNB-USD	+0.0104%	1h	786.44	−0.097%	$1.8M	$5.8M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	786.99	−0.027%	$378K	$110K	10x	as long as short
BloFin BNB-USDT	+0.0109%	8h	788.43	+0.156%	$17.6M	$2.3M	75x	as long as short
Phoenix BNB	+0.0120%	1h	788.35	+0.146%	$158K	$37K	10x	as long as short
Coinbase International BNB-PERP-INTX	+0.0136%	1h	787.77	+0.072%	$550K	$1.9M	50x	as long as short
Bulk BNB-USD	+0.0150%	1h	788.74	+0.195%	$639K	$0	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0200%	1h	787.46	+0.033%	$1.5M	$136K	25x	as long as short
01 Exchange BNBUSD	+0.0224%	1h	787.84	+0.081%	$28K	$3K	10x	as long as short
Reya BNBRUSDPERP	+0.0318%	1h	787.19	−0.002%	$6K	$3K	40x	as long as short
RISEx BNB/USDC	+0.0345%	1h	787.56	+0.046%	$1.1M	$895K	20x	as long as short
Hibachi BNB/USDT-P	+0.0424%	1h	787.78	+0.074%	$67K	$38K	12x	as long as short
dYdX BNB-USD	+0.0542%	1h	787.36	+0.020%	$158K	$42K	10x	as long as short