BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC+0.0067%/8h= +7.3% APRnext payment +$0.08 per $10,000 · paid last 24h +0.023%

Price spread now: Kraken Futures against Coinbase International+0.119%7-day average +0.009% · you sell dearer than you buy

Net, funding: paid 7d − costs−$36as in the Funding arb table

Net, price: spread back to 7d avg − costs−$29as in the Price arb table

costs, in and out, $10k−$400.397% of the position

Long on Coinbase International Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.039%+$4 on $10k

Price spread, last 3 days (all we have)−0.165%−$17 · spread now +0.119%, 7d avg +0.009%

Together, before fees−0.127%−$13 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Kraken Futures is 0.109% dearer against Coinbase International than usual: you sell high and buy low: +$11 more if the spread goes back to its 7-day average of +0.009%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International BNB-PERP-INTX	805.24	0.0064	pay 0.0008% / 1h	31m 53s	$609K	$903K	50x
Short	Kraken Futures PF_BNBUSD	806.19	0.0131	get 0.0016% / 1h	31m 53s	$2.5M	$915K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Coinbase International. 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 Coinbase InternationalbpFee Kraken FuturesbpOrdersPrice spread, now +0.119%Rate

Funding earned: $14.07
Price spread: +0.119% → +0.009%: $10.94
Slippage, 4 orders: −$19.7
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$14.68
Costs to cover: 0.397%
Break-even: 14.3 days

Slippage from Coinbase International: live order book, 17 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 Coinbase International live order book, 17 min ago	3.81 bp	8.9 bp −$9	14.2 bp −$142	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 2 min ago	3.79 bp	10.7 bp −$11	15.0 bp −$150	30.0 bp −$2,996	95.9 bp −$47.9K

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	805.69	+0.056%	$49K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	806.71	+0.183%	$4K	$1K	25x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	805.16	−0.010%	$3.0M	$29.8M	10x	as long as short
Kalshi KXBNBPERP	0.0000%	8h	806.60	+0.169%	$115K	$2.5M	4.8x	as long as short
StandX BNB-USD	0.0000%	1h	804.73	−0.063%	$870K	$3.0M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0008%	1h	805.86	+0.077%	$9.8M	—	150x	as long as short
Coinbase International BNB-PERP-INTXlong	+0.0064%	1h	805.24	long leg	$609K	$903K	50x
Variational Omni BNB	+0.0069%	8h	804.46	−0.097%	$4.1M	$5.5M	—	as long as short
BingX BNB-USDC	+0.0074%	8h	806.12	+0.109%	—	$13.3M	—	as long as short
Phemex BNBUSDT	+0.0089%	8h	806.75	+0.188%	$70.5M	$51.4M	50x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster BNBUSDT	+0.0093%	8h	806.51	+0.158%	$6.3M	$18.9M	200x	as long as short
MEXC BNB_USDT	+0.0094%	8h	807.30	+0.256%	$85.2M	$14.9M	200x	as long as short
Binance BNBUSDT	+0.0094%	8h	806.55	+0.163%	$519.8M	$807.0M	75x	as long as short
Lighter BNB	+0.0096%	1h	806.48	+0.154%	$2.8M	$4.2M	20x	as long as short
Nado BNB-PERP	+0.0100%	1h	806.00	+0.094%	$1.4M	$2.8M	20x	as long as short
Pacifica BNB	+0.0100%	1h	806.25	+0.126%	$1.2M	$915K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	805.80	+0.070%	$139.3M	$84.1M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	805.70	+0.057%	$55.2M	$115.9M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	806.10	+0.107%	$52K	$222K	10x	as long as short
Bulk BNB-USD	+0.0100%	1h	806.70	+0.181%	$652K	$11K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	805.80	+0.070%	$36.1M	$58.6M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	805.83	+0.073%	$28.1M	$10.5M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	805.46	+0.027%	$79.0M	$24.5M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	805.45	+0.026%	$4.2M	$76.7M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	805.32	+0.010%	$159K	$437K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	805.72	+0.060%	$119K	$876K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	806.27	+0.128%	$390K	$596K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	806.42	+0.146%	$32K	$5K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	806.26	+0.127%	$13K	$1.7M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	806.40	+0.144%	$397K	$1.0M	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	806.10	+0.107%	$8.2M	$7.1M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	807.17	+0.240%	$79K	$19K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	805.55	+0.039%	$1.9M	$6.3M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	806.49	+0.155%	$387K	$40K	10x	as long as short
Phoenix BNB	+0.0110%	1h	805.55	+0.038%	$173K	$35K	10x	as long as short
Kraken Futures PF_BNBUSDshort	+0.0131%	1h	806.19	+0.119%	$2.5M	$915K	50x
RISEx BNB/USDC	+0.0143%	1h	806.09	+0.106%	$1.1M	$1.4M	20x	as long as short
Injective BNB/USDC PERP	+0.0157%	1h	800.33	−0.610%	$19K	$423K	30x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0200%	1h	806.73	+0.184%	$1.6M	$160K	25x	as long as short
Hyperliquid BNB	+0.0213%	1h	806.78	+0.191%	$51.8M	$21.5M	10x	as long as short
BloFin BNB-USDT	+0.0214%	8h	806.63	+0.173%	$18.8M	$3.0M	75x	as long as short
Hibachi BNB/USDT-P	+0.0224%	1h	805.20	−0.005%	$72K	$48K	12x	as long as short
01 Exchange BNBUSD	+0.0288%	1h	806.74	+0.186%	$29K	$1K	10x	as long as short
Reya BNBRUSDPERP	+0.0336%	1h	805.46	+0.027%	$6K	$3K	40x	as long as short
dYdX BNB-USD	+0.0389%	1h	805.88	+0.080%	$171K	$55K	10x	as long as short
Backpack BNB_USDC_PERP	+0.0625%	1h	807.04	+0.224%	$3.0M	$5.3M	40x	as long as short