Funding you earn now, next payment 00:00 UTC−0.0242%/8h= −26.5% APRnext payment −$0.30 per $10,000 · paid last 24h −0.060%
Price spread now: Kraken Futures against Hibachi−0.063%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.515%−$52 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Kraken Futures is 0.063% cheaper against Hibachi than usual: you would sell low and buy high (−$6 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hibachi BNB/USDT-P | 798.81 | 0.0168 | pay 0.0021% / 1h | 12m 32s | $70K | $43K | 12x |
| Short | Kraken Futures PF_BNBUSD | 798.31 | −0.0074 | pay 0.0009% / 1h | 12m 32s | $2.5M | $974K | 50x |
Hibachi BNB/USDT-P
Kraken Futures PF_BNBUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Hibachi. 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
- −$50.82
- Price spread: −0.063% → 0.000%
- −$6.33
- Slippage, 4 orders
- no order book: not counted
- Fee Hibachi: 4.5 bp × 2 orders
- −$9
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$76.15
- Costs to cover
- 0.190%
- Break-even
- never at this rate
Slippage unknown: Hibachi: no order-book sample; Kraken Futures: live order book, 6 min ago. Net counts fees only.
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 Hibachi no order-book sample | — | — | — | — | — |
| Sell Kraken Futures live order book, 6 min ago | 2.82 bp | 11.2 bp −$11 | 14.1 bp −$141 | 28.6 bp −$2,861 | 101.3 bp −$50.7K |
Hibachi: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 −0.0201% / S +0.0372% | 1h | 798.35 | −0.058% | $47K | — | 200x | as long as short |
| Hotstuff BNB-PERP | −0.0080% | 1h | 798.73 | −0.010% | $4K | $1K | 25x | as long as short |
| Kraken Futures PF_BNBUSDshort | −0.0074% | 1h | 798.31 | −0.063% | $2.5M | $974K | 50x | |
| GRVT BNB_USDT_Perp | 0.0000% | 8h | 798.92 | +0.014% | $3.0M | $28.0M | 10x | as long as short |
| StandX BNB-USD | 0.0000% | 1h | 799.15 | +0.042% | $864K | $2.9M | 30x | as long as short |
| gTrade (Gains Network) BNB/USD | L +0.0008% / S −0.0007% | 1h | 798.36 | −0.056% | $9.7M | — | 150x | as long as short |
| Variational Omni BNB | +0.0010% | 8h | 798.73 | −0.010% | $4.1M | $5.3M | — | as long as short |
| BingX BNB-USDT | +0.0033% | 8h | 798.61 | −0.025% | — | $34.7M | — | as long as short |
| Bybit BNBUSDT | +0.0039% | 8h | 798.10 | −0.089% | $138.6M | $76.8M | 75x | as long as short |
| Coinbase International BNB-PERP-INTX | +0.0072% | 1h | 798.77 | −0.005% | $604K | $983K | 50x | as long as short |
GMX BNB/USD [WBTC.b-USDC]
Hotstuff BNB-PERP
GRVT BNB_USDT_Perp
StandX BNB-USD
gTrade (Gains Network) BNB/USD
Variational Omni BNB
BingX BNB-USDT
Bybit BNBUSDT
Coinbase International BNB-PERP-INTXShow all 46 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster BNBUSDT | +0.0084% | 8h | 799.08 | +0.033% | $6.2M | $19.1M | 200x | as long as short |
| Lighter BNB | +0.0096% | 1h | 798.80 | −0.002% | $2.8M | $4.1M | 20x | as long as short |
| Nado BNB-PERP | +0.0100% | 1h | 798.24 | −0.072% | $1.4M | $2.7M | 20x | as long as short |
| Pacifica BNB | +0.0100% | 1h | 798.66 | −0.019% | $1.2M | $926K | 20x | as long as short |
| OKX BNB-USDT-SWAP | +0.0100% | 8h | 798.20 | −0.077% | $54.3M | $112.7M | 50x | as long as short |
| Arcus BNB-USD | +0.0100% | 1h | 798.70 | −0.014% | $53K | $133K | 10x | as long as short |
| Gate BNB_USDT | +0.0100% | 8h | 798.25 | −0.070% | $35.8M | $58.4M | 75x | as long as short |
| KuCoin BNBUSDTM | +0.0100% | 8h | 798.47 | −0.043% | $28.0M | $10.2M | 75x | as long as short |
| Bitget BNBUSDT | +0.0100% | 8h | 798.14 | −0.084% | $79.0M | $27.5M | 75x | as long as short |
| edgeX BNBUSDC | +0.0100% | 4h | 799.52 | +0.089% | $4.2M | $76.7M | 30x | as long as short |
| ApeX Omni BNBUSDT | +0.0100% | 1h | 799.51 | +0.087% | $161K | $438K | 50x | as long as short |
| Polymarket Perps BNB-USD | +0.0100% | 1h | 798.25 | −0.070% | $116K | $875K | 10x | as long as short |
| Orderly PERP_BNB_USDC | +0.0100% | 8h | 798.31 | −0.063% | $386K | $494K | 50x | as long as short |
| Derive BNB-PERP | +0.0100% | 1h | 798.49 | −0.041% | $32K | $5K | 10x | as long as short |
| SunX BNB-USDT | +0.0100% | 8h | 799.25 | +0.054% | $13K | $1.7M | 50x | as long as short |
| SoDEX BNB-USD | +0.0100% | 1h | 798.60 | −0.027% | $393K | $1.0M | 10x | as long as short |
| Deribit BNB_USDC-PERPETUAL | +0.0100% | 1h | 798.77 | −0.006% | $1.6M | $165K | 25x | as long as short |
| HTX BNB-USDT | +0.0100% | 8h | 798.68 | −0.016% | $8.2M | $8.0M | 75x | as long as short |
| Paradex BNB-USD-PERP | +0.0100% | 8h | 799.07 | +0.032% | $78K | $19K | 50x | as long as short |
| Phemex BNBUSDT | +0.0104% | 8h | 798.95 | +0.017% | $69.9M | $50.7M | 50x | as long as short |
| Extended BNB-USD | +0.0104% | 1h | 798.05 | −0.096% | $1.8M | $6.5M | 50x | as long as short |
| Aevo BNB-PERP | +0.0104% | 1h | 798.50 | −0.040% | $384K | $40K | 10x | as long as short |
| Binance BNBUSDT | +0.0104% | 8h | 798.99 | +0.022% | $497.8M | $818.2M | 75x | as long as short |
| MEXC BNB_USDT | +0.0105% | 8h | 799.40 | +0.074% | $83.0M | $13.6M | 200x | as long as short |
| Phoenix BNB | +0.0127% | 1h | 799.20 | +0.049% | $172K | $36K | 10x | as long as short |
| Kalshi KXBNBPERP | +0.0139% | 8h | 799.40 | +0.074% | $90K | $2.9M | 4.8x | as long as short |
| Hibachi BNB/USDT-Plong | +0.0168% | 1h | 798.81 | long leg | $70K | $43K | 12x | |
| Bulk BNB-USD | +0.0214% | 1h | 799.38 | +0.071% | $649K | $17K | 10x | as long as short |
| Hyperliquid BNB | +0.0221% | 1h | 799.39 | +0.072% | $52.4M | $21.2M | 10x | as long as short |
| BloFin BNB-USDT | +0.0225% | 8h | 798.80 | −0.002% | $18.1M | $2.5M | 75x | as long as short |
| RISEx BNB/USDC | +0.0258% | 1h | 798.52 | −0.037% | $1.1M | $1.4M | 20x | as long as short |
| 01 Exchange BNBUSD | +0.0280% | 1h | 798.99 | +0.022% | $28K | $1K | 10x | as long as short |
| Injective BNB/USDC PERP | +0.0306% | 1h | 805.09 | +0.786% | $19K | $789K | 30x | as long as short |
| Reya BNBRUSDPERP | +0.0331% | 1h | 797.97 | −0.105% | $6K | $3K | 40x | as long as short |
| dYdX BNB-USD | +0.0343% | 1h | 798.70 | −0.015% | $161K | $63K | 10x | as long as short |
| Backpack BNB_USDC_PERP | +0.0345% | 1h | 799.02 | +0.026% | $2.7M | $5.7M | 40x | as long as short |
Aster BNBUSDT
Lighter BNB
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
SoDEX BNB-USD
Deribit BNB_USDC-PERPETUAL
HTX BNB-USDT
Paradex BNB-USD-PERP
Phemex BNBUSDT
Extended BNB-USD
Aevo BNB-PERP
Binance BNBUSDT
MEXC BNB_USDT
Phoenix BNB
Kalshi KXBNBPERP
Bulk BNB-USD
Hyperliquid BNB
BloFin BNB-USDT
RISEx BNB/USDC
01 Exchange BNBUSD
Injective BNB/USDC PERP
Reya BNBRUSDPERP
dYdX BNB-USD
Backpack BNB_USDC_PERP