Funding you earn now, next payment 23:00 UTC−0.0111%/8h= −12.2% APRpaid last 24h −0.006%
Price spread now: Aster against Kraken Futures+0.124%7-day average +0.090% · you sell dearer than you buy
Net, funding: paid 7d − costs−$32as in the Funding arb table
Net, price: spread back to 7d avg − costs−$28as in the Price arb table
costs, in and out, $10k−$320.315% of the position
Funding, last 7 days−0.002%$0 on $10k
+Price spread, last 3 days (all we have)+0.028%+$3 · spread now +0.124%, 7d avg +0.090%
=Together, before fees+0.026%+ Points / potential airdropAster: Stage 5 · farm board+$3 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Aster is 0.034% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.124% now, against its 7-day average of +0.090%): +$3 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 25 hours. At the pace of the last 7 days (−0.002% in total) that is about 4 months.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_BNBUSD | 798.75 | 0.0207 | pay 0.0026% / 1h | 8m 23s | $2.6M | $966K | 50x |
| Short | Aster BNBUSDT | 799.74 | 0.0096 | get 0.0096% / 8h | 1h 08m | $6.3M | $19.0M | 200x |
Kraken Futures PF_BNBUSD
Aster BNBUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Aster against Kraken Futures. 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
- −$23.41
- Price spread: +0.124% → +0.090%
- $3.44
- Slippage, 4 orders
- −$13.54
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Aster: 4 bp × 2 orders
- −$8
- Net
- −$51.52
- Costs to cover
- 0.315%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 5 min ago; Aster: live order book, 6 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 Kraken Futures live order book, 5 min ago | 3.38 bp | 12.4 bp −$12 | 15.8 bp −$158 | 34.2 bp −$3,425 | 84.7 bp −$42.4K |
| Sell Aster live order book, 6 min ago | 0.75 bp | 4.8 bp −$5 | 5.5 bp −$55 | 18.7 bp −$1,867 | doesn't fit |
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 | 799.08 | +0.041% | $47K | — | 200x | as long as short |
| Hotstuff BNB-PERP | −0.0080% | 1h | 800.25 | +0.188% | $4K | $1K | 25x | as long as short |
| GRVT BNB_USDT_Perp | 0.0000% | 8h | 800.06 | +0.164% | $3.0M | $29.4M | 10x | as long as short |
| StandX BNB-USD | 0.0000% | 1h | 800.63 | +0.235% | $865K | $2.9M | 30x | as long as short |
| gTrade (Gains Network) BNB/USD | L +0.0008% / S −0.0007% | 1h | 799.08 | +0.041% | $9.7M | — | 150x | as long as short |
| Variational Omni BNB | +0.0030% | 8h | 799.14 | +0.049% | $4.2M | $5.4M | — | as long as short |
| BingX BNB-USDT | +0.0055% | 8h | 799.08 | +0.041% | — | $34.8M | — | as long as short |
| Bybit BNBUSDT | +0.0065% | 8h | 798.70 | −0.006% | $139.0M | $78.5M | 75x | as long as short |
| Aster BNBUSDTshort | +0.0096% | 8h | 799.74 | +0.124% | $6.3M | $19.0M | 200x | |
| Lighter BNB | +0.0096% | 1h | 799.10 | +0.044% | $2.8M | $4.2M | 20x | 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
Lighter BNBShow all 46 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International BNB-PERP-INTX | +0.0096% | 1h | 799.10 | +0.044% | $608K | $992K | 50x | as long as short |
| Nado BNB-PERP | +0.0100% | 1h | 798.74 | −0.002% | $1.4M | $2.7M | 20x | as long as short |
| Pacifica BNB | +0.0100% | 1h | 800.07 | +0.165% | $1.2M | $926K | 20x | as long as short |
| OKX BNB-USDT-SWAP | +0.0100% | 8h | 798.70 | −0.006% | $54.6M | $113.5M | 50x | as long as short |
| Arcus BNB-USD | +0.0100% | 1h | 800.00 | +0.156% | $53K | $151K | 10x | as long as short |
| Gate BNB_USDT | +0.0100% | 8h | 798.90 | +0.019% | $35.7M | $58.8M | 75x | as long as short |
| KuCoin BNBUSDTM | +0.0100% | 8h | 798.92 | +0.021% | $28.0M | $10.3M | 75x | as long as short |
| Bitget BNBUSDT | +0.0100% | 8h | 798.66 | −0.011% | $80.6M | $26.6M | 75x | as long as short |
| edgeX BNBUSDC | +0.0100% | 4h | 800.16 | +0.177% | $4.2M | $77.2M | 30x | as long as short |
| ApeX Omni BNBUSDT | +0.0100% | 1h | 800.33 | +0.198% | $161K | $442K | 50x | as long as short |
| Polymarket Perps BNB-USD | +0.0100% | 1h | 799.26 | +0.064% | $121K | $872K | 10x | as long as short |
| Orderly PERP_BNB_USDC | +0.0100% | 8h | 798.92 | +0.021% | $386K | $489K | 50x | as long as short |
| Derive BNB-PERP | +0.0100% | 1h | 799.06 | +0.039% | $32K | $5K | 10x | as long as short |
| SunX BNB-USDT | +0.0100% | 8h | 800.47 | +0.216% | $13K | $1.7M | 50x | as long as short |
| SoDEX BNB-USD | +0.0100% | 1h | 799.00 | +0.031% | $393K | $1.0M | 10x | as long as short |
| HTX BNB-USDT | +0.0100% | 8h | 799.09 | +0.043% | $8.2M | $7.9M | 75x | as long as short |
| Paradex BNB-USD-PERP | +0.0100% | 8h | 800.39 | +0.205% | $78K | $19K | 50x | as long as short |
| Kalshi KXBNBPERP | +0.0100% | 8h | 799.90 | +0.144% | $123K | $2.9M | 4.8x | as long as short |
| Extended BNB-USD | +0.0104% | 1h | 798.52 | −0.028% | $1.9M | $6.3M | 50x | as long as short |
| Aevo BNB-PERP | +0.0104% | 1h | 799.12 | +0.046% | $384K | $40K | 10x | as long as short |
| MEXC BNB_USDT | +0.0116% | 8h | 800.00 | +0.156% | $83.2M | $13.8M | 200x | as long as short |
| Binance BNBUSDT | +0.0116% | 8h | 799.67 | +0.115% | $502.3M | $820.8M | 75x | as long as short |
| Phemex BNBUSDT | +0.0116% | 8h | 799.46 | +0.089% | $69.9M | $51.2M | 50x | as long as short |
| Phoenix BNB | +0.0155% | 1h | 800.04 | +0.161% | $172K | $35K | 10x | as long as short |
| Deribit BNB_USDC-PERPETUAL | +0.0200% | 1h | 799.37 | +0.077% | $1.6M | $165K | 25x | as long as short |
| Kraken Futures PF_BNBUSDlong | +0.0207% | 1h | 798.75 | long leg | $2.6M | $966K | 50x | |
| Hibachi BNB/USDT-P | +0.0216% | 1h | 799.95 | +0.150% | $71K | $48K | 12x | as long as short |
| BloFin BNB-USDT | +0.0236% | 8h | 800.36 | +0.201% | $18.3M | $2.5M | 75x | as long as short |
| Bulk BNB-USD | +0.0298% | 1h | 800.20 | +0.182% | $650K | $21K | 10x | as long as short |
| Injective BNB/USDC PERP | +0.0311% | 1h | 805.09 | +0.794% | $19K | $789K | 30x | as long as short |
| RISEx BNB/USDC | +0.0318% | 1h | 799.90 | +0.144% | $1.1M | $1.4M | 20x | as long as short |
| Hyperliquid BNB | +0.0320% | 1h | 799.80 | +0.131% | $51.8M | $21.6M | 10x | as long as short |
| 01 Exchange BNBUSD | +0.0320% | 1h | 800.38 | +0.204% | $28K | $1K | 10x | as long as short |
| Reya BNBRUSDPERP | +0.0332% | 1h | 798.57 | −0.022% | $6K | $3K | 40x | as long as short |
| dYdX BNB-USD | +0.0349% | 1h | 799.29 | +0.067% | $161K | $62K | 10x | as long as short |
| Backpack BNB_USDC_PERP | +0.0572% | 1h | 800.71 | +0.245% | $2.7M | $5.7M | 40x | as long as short |
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
SoDEX BNB-USD
HTX BNB-USDT
Paradex BNB-USD-PERP
Kalshi KXBNBPERP
Extended BNB-USD
Aevo BNB-PERP
MEXC BNB_USDT
Binance BNBUSDT
Phemex BNBUSDT
Phoenix BNB
Deribit BNB_USDC-PERPETUAL
Hibachi BNB/USDT-P
BloFin BNB-USDT
Bulk BNB-USD
Injective BNB/USDC PERP
RISEx BNB/USDC
Hyperliquid BNB
01 Exchange BNBUSD
Reya BNBRUSDPERP
dYdX BNB-USD
Backpack BNB_USDC_PERP