Funding you earn now, next payment 23:00 UTC+0.0148%/8h= +16.2% APRpaid last 24h +0.015%
Price spread now: Kraken Futures against BingX+0.012%7-day average −0.019% · you sell dearer than you buy
Net, funding: paid 7d − costs−$42as in the Funding arb table
Net, price: spread back to 7d avg − costs−$34as in the Price arb table
costs, in and out, $10k−$370.375% of the position
Funding, last 7 days−0.044%−$4 on $10k
+Price spread, last 3 days (all we have)−0.100%−$10 · spread now +0.012%, 7d avg −0.019%
=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 BingX than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.019%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX BNB-USDC | 805.29 | 0.0057 | pay 0.0057% / 8h | 1h 49m | — | $13.3M | — |
| Short | Kraken Futures PF_BNBUSD | 805.39 | 0.0205 | get 0.0026% / 1h | 49m 18s | $2.5M | $932K | 50x |
BingX BNB-USDC
Kraken Futures PF_BNBUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against BingX. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $31.15
- Price spread: +0.012% → −0.019%
- $3.11
- Slippage, 4 orders
- −$17.5
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$3.24
- Costs to cover
- 0.375%
- Break-even
- 7.7 days
Slippage from BingX: live order book, 4 min ago; Kraken Futures: live order book, 4 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 BingX live order book, 4 min ago | 0.31 bp | 6.4 bp −$6 | 7.8 bp −$78 | 16.4 bp −$1,640 | 55.3 bp −$27.7K |
| Sell Kraken Futures live order book, 4 min ago | 5.59 bp | 12.6 bp −$13 | 15.2 bp −$152 | 30.6 bp −$3,063 | 201.8 bp −$100.9K |
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 −0.0195% / S +0.0371% | 1h | 805.06 | −0.028% | $49K | — | 200x | as long as short |
| Hotstuff BNB-PERP | −0.0080% | 1h | 805.58 | +0.036% | $4K | $1K | 25x | as long as short |
| GRVT BNB_USDT_Perp | 0.0000% | 8h | 805.16 | −0.017% | $3.0M | $29.3M | 10x | as long as short |
| Kalshi KXBNBPERP | 0.0000% | 8h | 806.00 | +0.088% | $108K | $2.5M | 4.8x | as long as short |
| StandX BNB-USD | 0.0000% | 1h | 805.40 | +0.014% | $870K | $2.8M | 30x | as long as short |
| gTrade (Gains Network) BNB/USD | L +0.0008% / S −0.0007% | 1h | 805.11 | −0.022% | $9.8M | — | 150x | as long as short |
| Variational Omni BNB | +0.0047% | 8h | 804.38 | −0.113% | $4.1M | $5.3M | — | as long as short |
| Hibachi BNB/USDT-P | +0.0056% | 1h | 805.18 | −0.014% | $71K | $48K | 12x | as long as short |
| BingX BNB-USDClong | +0.0057% | 8h | 805.29 | long leg | — | $13.3M | — | |
| Bybit BNBUSDT | +0.0084% | 8h | 805.00 | −0.036% | $139.5M | $82.1M | 75x | as long as short |
GMX BNB/USD [WBTC.b-USDC]
Hotstuff BNB-PERP
GRVT BNB_USDT_Perp
Kalshi KXBNBPERP
StandX BNB-USD
gTrade (Gains Network) BNB/USD
Variational Omni BNB
Hibachi BNB/USDT-P
Bybit BNBUSDTShow all 46 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter BNB | +0.0096% | 1h | 805.59 | +0.038% | $2.8M | $4.2M | 20x | as long as short |
| Coinbase International BNB-PERP-INTX | +0.0096% | 1h | 805.76 | +0.058% | $608K | $882K | 50x | as long as short |
| Nado BNB-PERP | +0.0100% | 1h | 804.80 | −0.061% | $1.5M | $2.8M | 20x | as long as short |
| Pacifica BNB | +0.0100% | 1h | 805.33 | +0.005% | $1.2M | $924K | 20x | as long as short |
| OKX BNB-USDT-SWAP | +0.0100% | 8h | 804.90 | −0.048% | $55.1M | $116.1M | 50x | as long as short |
| Arcus BNB-USD | +0.0100% | 1h | 805.50 | +0.026% | $53K | $170K | 10x | as long as short |
| Gate BNB_USDT | +0.0100% | 8h | 805.05 | −0.030% | $36.2M | $57.2M | 75x | as long as short |
| KuCoin BNBUSDTM | +0.0100% | 8h | 804.96 | −0.041% | $28.2M | $10.5M | 75x | as long as short |
| Bitget BNBUSDT | +0.0100% | 8h | 804.75 | −0.067% | $78.7M | $25.0M | 75x | as long as short |
| edgeX BNBUSDC | +0.0100% | 4h | 805.44 | +0.019% | $4.2M | $76.5M | 30x | as long as short |
| ApeX Omni BNBUSDT | +0.0100% | 1h | 805.60 | +0.038% | $162K | $439K | 50x | as long as short |
| Polymarket Perps BNB-USD | +0.0100% | 1h | 805.00 | −0.036% | $116K | $870K | 10x | as long as short |
| Orderly PERP_BNB_USDC | +0.0100% | 8h | 805.18 | −0.014% | $389K | $592K | 50x | as long as short |
| Derive BNB-PERP | +0.0100% | 1h | 805.36 | +0.008% | $32K | $5K | 10x | as long as short |
| SunX BNB-USDT | +0.0100% | 8h | 805.79 | +0.062% | $13K | $1.7M | 50x | as long as short |
| HTX BNB-USDT | +0.0100% | 8h | 805.32 | +0.004% | $8.2M | $7.6M | 75x | as long as short |
| Paradex BNB-USD-PERP | +0.0100% | 8h | 805.97 | +0.084% | $79K | $19K | 50x | as long as short |
| Aster BNBUSDT | +0.0103% | 8h | 805.73 | +0.055% | $6.4M | $18.8M | 200x | as long as short |
| Extended BNB-USD | +0.0104% | 1h | 804.83 | −0.057% | $1.9M | $6.0M | 50x | as long as short |
| Aevo BNB-PERP | +0.0104% | 1h | 805.45 | +0.019% | $387K | $40K | 10x | as long as short |
| MEXC BNB_USDT | +0.0117% | 8h | 806.00 | +0.088% | $84.6M | $13.3M | 200x | as long as short |
| Binance BNBUSDT | +0.0118% | 8h | 806.00 | +0.088% | $520.7M | $805.1M | 75x | as long as short |
| Phemex BNBUSDT | +0.0134% | 8h | 805.92 | +0.078% | $70.3M | $51.8M | 50x | as long as short |
| SoDEX BNB-USD | +0.0145% | 1h | 805.40 | +0.014% | $396K | $1.0M | 10x | as long as short |
| Hyperliquid BNB | +0.0151% | 1h | 805.76 | +0.058% | $51.8M | $22.0M | 10x | as long as short |
| Phoenix BNB | +0.0155% | 1h | 805.39 | +0.012% | $173K | $35K | 10x | as long as short |
| dYdX BNB-USD | +0.0185% | 1h | 805.13 | −0.020% | $162K | $63K | 10x | as long as short |
| Kraken Futures PF_BNBUSDshort | +0.0205% | 1h | 805.39 | +0.012% | $2.5M | $932K | 50x | |
| BloFin BNB-USDT | +0.0238% | 8h | 805.81 | +0.065% | $18.8M | $3.1M | 75x | as long as short |
| Bulk BNB-USD | +0.0274% | 1h | 805.55 | +0.032% | $651K | $14K | 10x | as long as short |
| Deribit BNB_USDC-PERPETUAL | +0.0300% | 1h | 805.72 | +0.053% | $1.6M | $165K | 25x | as long as short |
| Injective BNB/USDC PERP | +0.0311% | 1h | 805.09 | −0.025% | $19K | $789K | 30x | as long as short |
| RISEx BNB/USDC | +0.0318% | 1h | 805.37 | +0.010% | $1.1M | $1.4M | 20x | as long as short |
| Reya BNBRUSDPERP | +0.0333% | 1h | 804.73 | −0.070% | $6K | $3K | 40x | as long as short |
| 01 Exchange BNBUSD | +0.0344% | 1h | 805.89 | +0.075% | $29K | $1K | 10x | as long as short |
| Backpack BNB_USDC_PERP | +0.0716% | 1h | 806.19 | +0.112% | $3.0M | $5.5M | 40x | as long as short |
Lighter BNB
Coinbase International BNB-PERP-INTX
Nado BNB-PERP
Pacifica BNB
OKX BNB-USDT-SWAP
Arcus BNB-USD
Gate BNB_USDT
KuCoin BNBUSDTM
Bitget BNBUSDT
edgeX BNBUSDC
ApeX Omni BNBUSDT
Polymarket Perps BNB-USD
Orderly PERP_BNB_USDC
Derive BNB-PERP
SunX BNB-USDT
HTX BNB-USDT
Paradex BNB-USD-PERP
Aster BNBUSDT
Extended BNB-USD
Aevo BNB-PERP
MEXC BNB_USDT
Binance BNBUSDT
Phemex BNBUSDT
SoDEX BNB-USD
Hyperliquid BNB
Phoenix BNB
dYdX BNB-USD
BloFin BNB-USDT
Bulk BNB-USD
Deribit BNB_USDC-PERPETUAL
Injective BNB/USDC PERP
RISEx BNB/USDC
Reya BNBRUSDPERP
01 Exchange BNBUSD
Backpack BNB_USDC_PERP