BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0150%/8h= −16.4% APRnext payment −$0.19 per $10,000 · paid last 24h 0.000%

Price spread now: Kraken Futures against ApeX Omni−0.071%7-day average −0.072% · you buy dearer than you sell

Net, funding: paid 7d − costs−$51as in the Funding arb table

Net, price: spread back to 7d avg − costs−$41as in the Price arb table

costs, in and out, $10k−$410.414% of the position

Long on ApeX Omni Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days−0.096%−$10 on $10k

Price spread, last 4 days (all we have)+0.016%+$2 · spread now −0.071%, 7d avg −0.072%

Together, before fees−0.080%−$8 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.072%, so right now this pair is about funding alone: −$5 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni BNBUSDT	786.93	0.0100	pay 0.0013% / 1h	56m 32s	$158K	$438K	50x
Short	Kraken Futures PF_BNBUSD	786.37	−0.0050	pay 0.0006% / 1h	56m 32s	$2.5M	$1.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against ApeX Omni. 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 ApeX OmnibpFee Kraken FuturesbpOrdersPrice spread, now −0.071%Rate

Funding earned: −$31.53
Price spread: −0.071% → −0.072%: $0.09
Slippage, 4 orders: −$21.4
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$72.83
Costs to cover: 0.414%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 46 min ago; Kraken Futures: live order book, 2 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 ApeX Omni live order book, 46 min ago	5.15 bp	10.3 bp −$10	33.7 bp −$337	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 2 min ago	3.56 bp	12.1 bp −$12	14.8 bp −$148	33.2 bp −$3,316	97.6 bp −$48.8K

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 −0.0170% / S +0.0337%	1h	786.24	−0.088%	$43K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	786.61	−0.041%	$4K	$42	25x	as long as short
Kraken Futures PF_BNBUSDshort	−0.0050%	1h	786.37	−0.071%	$2.5M	$1.2M	50x
StandX BNB-USD	0.0000%	1h	786.96	+0.004%	$849K	$2.7M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	786.29	−0.082%	$9.5M	—	150x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.308%	$19K	$789K	30x	as long as short
BingX BNB-USDC	+0.0047%	8h	786.31	−0.079%	—	$13.4M	—	as long as short
Aster BNBUSDT	+0.0048%	8h	786.70	−0.030%	$6.1M	$18.8M	200x	as long as short
MEXC BNB_USDT	+0.0056%	8h	787.40	+0.060%	$81.1M	$11.9M	200x	as long as short
Binance BNBUSDT	+0.0057%	8h	786.64	−0.037%	$488.9M	$821.4M	75x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex BNBUSDT	+0.0076%	8h	787.01	+0.010%	$68.7M	$51.4M	50x	as long as short
dYdX BNB-USD	+0.0091%	1h	786.64	−0.037%	$159K	$62K	10x	as long as short
Lighter BNB	+0.0096%	1h	786.46	−0.060%	$2.7M	$3.8M	20x	as long as short
Nado BNB-PERP	+0.0100%	1h	786.05	−0.112%	$1.4M	$2.7M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	786.74	−0.024%	$51.5M	$17.7M	10x	as long as short
Pacifica BNB	+0.0100%	1h	786.50	−0.055%	$1.2M	$934K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	786.00	−0.118%	$138.3M	$75.0M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	785.90	−0.131%	$53.5M	$113.1M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	786.40	−0.067%	$52K	$129K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	786.20	−0.093%	$38.0M	$57.4M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	786.10	−0.105%	$27.7M	$10.2M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	785.86	−0.136%	$76.7M	$31.6M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	786.71	−0.028%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	785.91	−0.129%	$4.0M	$4.8M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	786.97	+0.005%	$4.1M	$76.1M	30x	as long as short
ApeX Omni BNBUSDTlong	+0.0100%	1h	786.93	long leg	$158K	$438K	50x
Polymarket Perps BNB-USD	+0.0100%	1h	785.99	−0.119%	$131K	$953K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	786.47	−0.058%	$265K	$449K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	786.35	−0.074%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	786.97	+0.005%	$12K	$1.5M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	786.50	−0.055%	$387K	$976K	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	786.52	−0.052%	$8.0M	$10.3M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	786.81	−0.015%	$78K	$18K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	785.89	−0.132%	$1.8M	$5.9M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	786.42	−0.065%	$378K	$110K	10x	as long as short
Coinbase International BNB-PERP-INTX	+0.0104%	1h	787.43	+0.064%	$564K	$1.9M	50x	as long as short
Kalshi KXBNBPERP	+0.0119%	8h	786.60	−0.042%	$171K	$2.7M	4.8x	as long as short
Phoenix BNB	+0.0135%	1h	786.82	−0.014%	$169K	$35K	10x	as long as short
BloFin BNB-USDT	+0.0177%	8h	787.02	+0.011%	$17.7M	$2.2M	75x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0200%	1h	786.84	−0.012%	$1.5M	$145K	25x	as long as short
GRVT BNB_USDT_Perp	+0.0226%	8h	787.06	+0.016%	$2.9M	$28.6M	10x	as long as short
Bulk BNB-USD	+0.0230%	1h	786.88	−0.006%	$638K	$831	10x	as long as short
01 Exchange BNBUSD	+0.0280%	1h	786.66	−0.034%	$28K	$4K	10x	as long as short
Reya BNBRUSDPERP	+0.0321%	1h	785.70	−0.156%	$6K	$3K	40x	as long as short
RISEx BNB/USDC	+0.0350%	1h	786.37	−0.071%	$1.1M	$920K	20x	as long as short
Hibachi BNB/USDT-P	+0.0456%	1h	786.47	−0.059%	$67K	$39K	12x	as long as short