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 07:00 UTC+0.0141%/8h= +15.4% APRpaid last 24h −0.002%
Price spread now: Kraken Futures against Binance−0.060%7-day average −0.091% · you buy dearer than you sell
Net, funding: paid 7d − costs−$34as in the Funding arb table
Net, price: spread back to 7d avg − costs−$27as in the Price arb table
costs, in and out, $10k−$310.305% of the position
Long on BinanceShort on Kraken Futures
What this pair did over the last
the charts below follow
Funding, last 7 days−0.035%−$4 on $10k
Price spread, last 4 days (all we have)−0.070%−$7 · spread now −0.060%, 7d avg −0.091%
Together, before fees−0.105%−$11 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Kraken Futures is 0.031% dearer against Binance than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.091%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance BNBUSDT787.610.0065pay 0.0065% / 8h1h 28m$490.7M$816.5M75x
ShortKraken Futures PF_BNBUSD787.140.0206get 0.0026% / 1h28m 46s$2.5M$1.2M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Kraken Futures against Binance. 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
$29.51
Price spread: −0.060% → −0.091%
$3.12
Slippage, 4 orders
−$10.55
Fee Binance: 5 bp × 2 orders
−$10
Fee Kraken Futures: 5 bp × 2 orders
−$10
Net
$2.08
Costs to cover
0.305%
Break-even
6.5 days
Slippage from Binance: live order book, 15 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 Binance live order book, 15 min ago0.06 bp5.2 bp −$57.9 bp −$7916.9 bp −$1,691doesn't fit
Sell Kraken Futures live order book, 5 min ago2.29 bp11.3 bp −$1112.9 bp −$12936.5 bp −$3,646108.5 bp −$54.2K

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 −0.0170% / S +0.0337%1h786.45−0.147%$43K—200xas long as short
Hotstuff BNB-PERP−0.0080%1h787.67+0.008%$4K$4225xas long as short
StandX BNB-USD0.0000%1h787.37−0.030%$849K$2.8M30xas long as short
gTrade (Gains Network) BNB/USDL +0.0007% / S −0.0007%1h786.52−0.138%$9.5M—150xas long as short
Injective BNB/USDC PERP+0.0033%1h805.09+2.220%$19K$789K30xas long as short
BingX BNB-USDC+0.0051%8h787.22−0.049%—$13.4M—as long as short
Aster BNBUSDT+0.0051%8h787.78+0.021%$6.1M$18.8M200xas long as short
MEXC BNB_USDT+0.0064%8h788.10+0.062%$81.1M$12.0M200xas long as short
Binance BNBUSDTlong+0.0065%8h787.61long leg$490.7M$816.5M75x
dYdX BNB-USD+0.0073%1h786.36−0.159%$159K$62K10xas long as short
Show all 46 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Phemex BNBUSDT+0.0078%8h787.82+0.027%$68.9M$51.0M50xas long as short
Coinbase International BNB-PERP-INTX+0.0080%1h787.67+0.008%$569K$1.9M50xas long as short
Lighter BNB+0.0096%1h787.24−0.046%$2.7M$3.8M20xas long as short
Nado BNB-PERP+0.0100%1h787.22−0.049%$1.4M$2.7M20xas long as short
Hyperliquid BNB+0.0100%1h787.62+0.001%$51.6M$17.7M10xas long as short
Pacifica BNB+0.0100%1h787.59−0.002%$1.2M$933K20xas long as short
Bybit BNBUSDT+0.0100%8h786.72−0.113%$138.5M$75.2M75xas long as short
OKX BNB-USDT-SWAP+0.0100%8h786.70−0.115%$53.5M$113.1M50xas long as short
Arcus BNB-USD+0.0100%1h787.80+0.024%$52K$129K10xas long as short
Gate BNB_USDT+0.0100%8h787.05−0.071%$37.5M$59.1M75xas long as short
KuCoin BNBUSDTM+0.0100%8h786.73−0.112%$27.7M$10.2M75xas long as short
Bitget BNBUSDT+0.0100%8h786.84−0.098%$76.2M$31.2M75xas long as short
Backpack BNB_USDC_PERP+0.0100%1h787.46−0.019%$2.2M$6.1M40xas long as short
Variational Omni BNB+0.0100%8h786.11−0.190%$4.0M$4.8M—as long as short
edgeX BNBUSDC+0.0100%4h786.82−0.100%$4.1M$76.1M30xas long as short
ApeX Omni BNBUSDT+0.0100%1h786.63−0.124%$158K$436K50xas long as short
Polymarket Perps BNB-USD+0.0100%1h787.32−0.037%$132K$951K10xas long as short
Orderly PERP_BNB_USDC+0.0100%8h787.27−0.043%$265K$470K50xas long as short
Derive BNB-PERP+0.0100%1h786.03−0.200%$31K$12K10xas long as short
SunX BNB-USDT+0.0100%8h787.76+0.019%$12K$1.5M50xas long as short
SoDEX BNB-USD+0.0100%1h787.40−0.026%$387K$982K10xas long as short
HTX BNB-USDT+0.0100%8h787.73+0.016%$8.0M$10.2M75xas long as short
Paradex BNB-USD-PERP+0.0101%8h788.25+0.082%$78K$18K50xas long as short
Extended BNB-USD+0.0104%1h786.66−0.120%$1.8M$6.1M50xas long as short
Aevo BNB-PERP+0.0104%1h787.28−0.042%$378K$110K10xas long as short
Phoenix BNB+0.0135%1h786.26−0.171%$169K$35K10xas long as short
Kalshi KXBNBPERP+0.0137%8h787.80+0.024%$170K$2.7M4.8xas long as short
BloFin BNB-USDT+0.0185%8h787.65+0.005%$17.8M$2.2M75xas long as short
Deribit BNB_USDC-PERPETUAL+0.0200%1h787.64+0.004%$1.5M$145K25xas long as short
Kraken Futures PF_BNBUSDshort+0.0206%1h787.14−0.060%$2.5M$1.2M50x
GRVT BNB_USDT_Perp+0.0229%8h787.15−0.058%$2.9M$29.4M10xas long as short
01 Exchange BNBUSD+0.0256%1h788.00+0.050%$28K$4K10xas long as short
Bulk BNB-USD+0.0291%1h787.29−0.040%$638K$4K10xas long as short
Reya BNBRUSDPERP+0.0322%1h786.91−0.089%$6K$3K40xas long as short
RISEx BNB/USDC+0.0438%1h786.84−0.098%$1.1M$915K20xas long as short
Hibachi BNB/USDT-P+0.0528%1h786.61−0.127%$67K$39K12xas long as short