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Funding arb · Price arb /

BNB

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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 09:00 UTC−0.0028%/8h= −3.1% APRnext payment −$0.04 per $10,000 · paid last 24h +0.027%
Price spread now: Kraken Futures against gTrade (Gains Network)−0.011%68s7-day average −0.003% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$2902.904% of the position
Long on gTrade (Gains Network)Short on Kraken Futures
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)+0.085%+$8 on $10k
Price spread, last 4 days (all we have)−0.156%−$16 · spread now −0.011%, 7d avg −0.003%
Together, before fees−0.072%−$7 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.003%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate. Mind the row above: over the last 4 days funding on this pair paid +0.085%, so the current rate has only just turned against you. The two prices were read 68 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LonggTrade (Gains Network) BNB/USD785.81L +0.0007% / S −0.0007%pay 0.0001% / 1h36m 24s$9.5M—150x
ShortKraken Futures PF_BNBUSD785.73−0.0021pay 0.0003% / 1h36m 24s$2.5M$1.2M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Kraken Futures against gTrade (Gains Network). 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
−$5.9
Price spread: −0.011% → −0.003%
−$0.82
Slippage, 4 orders
−$270.4
Fee gTrade (Gains Network): 5 bp × 2 orders
−$10
Fee Kraken Futures: 5 bp × 2 orders
−$10
Net
−$297.12
Costs to cover
2.904%
Break-even
never at this rate
Slippage from gTrade (Gains Network): virtual book (oracle venue), 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
LegHalf-spread$10k$100k$1M$5M
Buy gTrade (Gains Network) virtual book (oracle venue), 3 min ago130.01 bp135.0 bp −$135135.0 bp −$1,350416.8 bp −$41.7K2253.7 bp −$1.13M
Sell Kraken Futures live order book, 2 min ago3.44 bp8.4 bp −$811.9 bp −$11933.6 bp −$3,36287.4 bp −$43.7K

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 −0.0168% / S +0.0337%1h785.38−0.056%$43K—200xas long as short
Hotstuff BNB-PERP−0.0080%1h786.37+0.071%$4K—25xas long as short
Kraken Futures PF_BNBUSDshort−0.0021%1h785.73−0.011%$2.5M$1.2M50x
GRVT BNB_USDT_Perp0.0000%8h786.12+0.039%$2.9M$27.5M10xas long as short
StandX BNB-USD0.0000%1h786.71+0.114%$849K$2.7M30xas long as short
gTrade (Gains Network) BNB/USDlongL +0.0007% / S −0.0007%1h785.81long leg$9.5M—150x
Aster BNBUSDT+0.0023%8h785.91+0.013%$6.0M$18.4M200xas long as short
BingX BNB-USDT+0.0032%8h785.52−0.037%—$22.1M—as long as short
Injective BNB/USDC PERP+0.0033%1h805.09+2.453%$19K$789K30xas long as short
MEXC BNB_USDT+0.0039%8h786.90+0.138%$82.4M$12.2M200xas long as short
Show all 46 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance BNBUSDT+0.0040%8h785.82+0.001%$488.5M$812.5M75xas long as short
Lighter BNB+0.0096%1h785.70−0.015%$2.7M$3.6M20xas long as short
Nado BNB-PERP+0.0100%1h785.35−0.059%$1.3M$2.6M20xas long as short
Hyperliquid BNB+0.0100%1h786.00+0.023%$51.6M$17.6M10xas long as short
Pacifica BNB+0.0100%1h785.810.000%$1.2M$937K20xas long as short
Bybit BNBUSDT+0.0100%8h785.24−0.073%$138.3M$73.1M75xas long as short
OKX BNB-USDT-SWAP+0.0100%8h785.30−0.065%$53.4M$110.8M50xas long as short
Arcus BNB-USD+0.0100%1h785.70−0.014%$52K$125K10xas long as short
Gate BNB_USDT+0.0100%8h785.45−0.046%$39.3M$55.7M75xas long as short
KuCoin BNBUSDTM+0.0100%8h785.03−0.100%$27.7M$10.2M75xas long as short
Bitget BNBUSDT+0.0100%8h785.14−0.086%$75.3M$32.4M75xas long as short
Backpack BNB_USDC_PERP+0.0100%1h786.16+0.044%$2.2M$6.1M40xas long as short
Variational Omni BNB+0.0100%8h785.22−0.075%$4.3M$4.9M—as long as short
edgeX BNBUSDC+0.0100%4h785.98+0.021%$4.1M$76.1M30xas long as short
ApeX Omni BNBUSDT+0.0100%1h786.12+0.039%$158K$439K50xas long as short
Polymarket Perps BNB-USD+0.0100%1h785.54−0.035%$131K$942K10xas long as short
Orderly PERP_BNB_USDC+0.0100%8h785.54−0.035%$264K$358K50xas long as short
Derive BNB-PERP+0.0100%1h785.93+0.015%$31K$12K10xas long as short
SunX BNB-USDT+0.0100%8h785.96+0.019%$12K$1.5M50xas long as short
SoDEX BNB-USD+0.0100%1h785.80−0.002%$386K$943K10xas long as short
HTX BNB-USDT+0.0100%8h786.00+0.024%$8.0M$10.3M75xas long as short
Paradex BNB-USD-PERP+0.0100%8h786.09+0.036%$78K$17K50xas long as short
Extended BNB-USD+0.0104%1h785.09−0.092%$1.8M$5.8M50xas long as short
Aevo BNB-PERP+0.0104%1h785.53−0.036%$377K$110K10xas long as short
Kalshi KXBNBPERP+0.0112%8h786.40+0.075%$159K$2.6M4.8xas long as short
Coinbase International BNB-PERP-INTX+0.0120%1h786.59+0.099%$548K$1.9M50xas long as short
Phoenix BNB+0.0120%1h786.32+0.065%$158K$38K10xas long as short
dYdX BNB-USD+0.0128%1h785.69−0.015%$157K$64K10xas long as short
Phemex BNBUSDT+0.0133%8h786.41+0.076%$68.5M$51.2M50xas long as short
BloFin BNB-USDT+0.0158%8h786.34+0.067%$17.8M$2.2M75xas long as short
Deribit BNB_USDC-PERPETUAL+0.0200%1h785.96+0.018%$1.5M$141K25xas long as short
Bulk BNB-USD+0.0212%1h785.97+0.020%$637K$83110xas long as short
01 Exchange BNBUSD+0.0232%1h785.89+0.010%$28K$3K10xas long as short
Reya BNBRUSDPERP+0.0319%1h785.26−0.071%$6K$3K40xas long as short
RISEx BNB/USDC+0.0355%1h785.63−0.023%$1.1M$911K20xas long as short
Hibachi BNB/USDT-P+0.0408%1h786.13+0.041%$67K$39K12xas long as short