BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC+0.0027%/8h= +3.0% APRnext payment +$0.03 per $10,000 · paid last 24h +0.019%

Price spread now: Kraken Futures against Extended+0.019%7-day average +0.049% · you sell dearer than you buy

Net, funding: paid 7d − costs−$34as in the Funding arb table

Net, price: spread back to 7d avg − costs−$31as in the Price arb table

costs, in and out, $10k−$280.281% of the position

Long on Extended Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days−0.059%−$6 on $10k

Price spread, last 3 days (all we have)−0.299%−$30 · spread now +0.019%, 7d avg +0.049%

Together, before fees−0.358%+ Points / potential airdropExtended: Active · farm board−$36 on $10k · with fees, hour by hour

Funding pays, the price is against you. Kraken Futures is 0.030% cheaper against Extended than usual: you would sell low and buy high (spread +0.019% now, against its 7-day average of +0.049%). If the spread goes back, that is −$3 on $10k: about 3.7 days of funding at the current rate (+$1 a day). Mind the row above: over the last 7 days funding on this pair cost −0.059%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended BNB-USD	806.04	0.0104	pay 0.0013% / 1h	32m 01s	$1.9M	$6.3M	50x
Short	Kraken Futures PF_BNBUSD	806.19	0.0131	get 0.0016% / 1h	32m 01s	$2.5M	$915K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Extended. 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 ExtendedbpFee Kraken FuturesbpOrdersPrice spread, now +0.019%Rate

Funding earned: $5.67
Price spread: +0.019% → +0.049%: −$2.96
Slippage, 4 orders: −$13.07
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$25.36
Costs to cover: 0.281%
Break-even: 38.3 days

Slippage from Extended: live order book, 3 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 Extended live order book, 3 min ago	0.06 bp	3.1 bp −$3	4.6 bp −$46	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	−0.044%	$49K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	806.71	+0.083%	$4K	$1K	25x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	805.16	−0.109%	$3.0M	$29.8M	10x	as long as short
Kalshi KXBNBPERP	0.0000%	8h	806.60	+0.069%	$115K	$2.5M	4.8x	as long as short
StandX BNB-USD	0.0000%	1h	804.73	−0.163%	$870K	$3.0M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0008%	1h	805.86	−0.022%	$9.8M	—	150x	as long as short
Coinbase International BNB-PERP-INTX	+0.0064%	1h	805.24	−0.099%	$609K	$903K	50x	as long as short
Variational Omni BNB	+0.0069%	8h	804.46	−0.196%	$4.1M	$5.5M	—	as long as short
BingX BNB-USDC	+0.0074%	8h	806.01	−0.004%	—	$13.3M	—	as long as short
Phemex BNBUSDT	+0.0089%	8h	806.75	+0.088%	$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	806.87	+0.103%	$6.3M	$18.9M	200x	as long as short
MEXC BNB_USDT	+0.0094%	8h	807.30	+0.156%	$85.2M	$14.9M	200x	as long as short
Binance BNBUSDT	+0.0094%	8h	806.55	+0.064%	$519.8M	$806.8M	75x	as long as short
Lighter BNB	+0.0096%	1h	806.48	+0.055%	$2.8M	$4.2M	20x	as long as short
Nado BNB-PERP	+0.0100%	1h	806.00	−0.005%	$1.4M	$2.8M	20x	as long as short
Pacifica BNB	+0.0100%	1h	806.25	+0.026%	$1.2M	$915K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	805.70	−0.042%	$139.3M	$84.1M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	805.80	−0.030%	$55.2M	$115.9M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	806.10	+0.007%	$52K	$222K	10x	as long as short
Bulk BNB-USD	+0.0100%	1h	806.70	+0.082%	$652K	$11K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	805.75	−0.036%	$36.1M	$58.6M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	806.30	+0.032%	$28.2M	$10.5M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	805.50	−0.067%	$79.0M	$24.5M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	805.45	−0.074%	$4.2M	$76.7M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	805.32	−0.089%	$159K	$437K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	805.72	−0.040%	$119K	$876K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	806.27	+0.028%	$390K	$596K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	806.42	+0.046%	$32K	$5K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	806.26	+0.027%	$13K	$1.7M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	806.40	+0.045%	$397K	$1.0M	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	806.10	+0.007%	$8.2M	$7.1M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	807.17	+0.140%	$79K	$19K	50x	as long as short
Extended BNB-USDlong	+0.0104%	1h	806.04	long leg	$1.9M	$6.3M	50x
Aevo BNB-PERP	+0.0104%	1h	806.49	+0.055%	$387K	$40K	10x	as long as short
Phoenix BNB	+0.0110%	1h	805.55	−0.061%	$173K	$35K	10x	as long as short
Kraken Futures PF_BNBUSDshort	+0.0131%	1h	806.19	+0.019%	$2.5M	$915K	50x
RISEx BNB/USDC	+0.0143%	1h	806.09	+0.006%	$1.1M	$1.4M	20x	as long as short
Injective BNB/USDC PERP	+0.0157%	1h	800.33	−0.709%	$19K	$423K	30x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0200%	1h	806.73	+0.085%	$1.6M	$160K	25x	as long as short
Hyperliquid BNB	+0.0213%	1h	806.78	+0.092%	$51.8M	$21.5M	10x	as long as short
BloFin BNB-USDT	+0.0214%	8h	806.63	+0.073%	$18.8M	$3.0M	75x	as long as short
Hibachi BNB/USDT-P	+0.0224%	1h	805.20	−0.104%	$72K	$48K	12x	as long as short
01 Exchange BNBUSD	+0.0288%	1h	806.74	+0.087%	$29K	$1K	10x	as long as short
Reya BNBRUSDPERP	+0.0336%	1h	805.46	−0.073%	$6K	$3K	40x	as long as short
dYdX BNB-USD	+0.0389%	1h	805.88	−0.020%	$171K	$55K	10x	as long as short
Backpack BNB_USDC_PERP	+0.0625%	1h	807.04	+0.124%	$3.0M	$5.3M	40x	as long as short