Settings8H · net · $10k
FundingCostsSizeExchangesMy alerts
Funding arb · Price arb /

BNB

all BNB markets
SwapBacktest
Alert: funding
Measured
My alerts

Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Alert: spread
My alerts

Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding you earn now, next payment 08:00 UTC+0.0150%/8h= +16.5% APRpaid last 24h −0.010%
Price spread now: Bybit against Kraken Futures+0.006%7-day average −0.019% · you sell dearer than you buy
Net, funding: paid 7d − costs−$37as in the Funding arb table
Net, price: spread back to 7d avg − costs−$33as in the Price arb table
costs, in and out, $10k−$350.350% of the position
Long on Kraken FuturesShort on Bybit
What this pair did over the last
the charts below follow
Funding, last 7 days−0.019%−$2 on $10k
Price spread, last 4 days (all we have)+0.004%$0 · spread now +0.006%, 7d avg −0.019%
Together, before fees−0.016%−$2 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Bybit is 0.025% dearer against Kraken Futures than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of −0.019%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKraken Futures PF_BNBUSD785.05−0.0050get 0.0006% / 1h12m 51s$2.5M$1.2M50x
ShortBybit BNBUSDT785.100.0100get 0.0100% / 8h12m 51s$138.1M$74.0M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit 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 it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$31.55
Price spread: +0.006% → −0.019%
$2.47
Slippage, 4 orders
−$13.97
Fee Kraken Futures: 5 bp × 2 orders
−$10
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$0.95
Costs to cover
0.350%
Break-even
7.2 days
Slippage from Kraken Futures: live order book, 1 min ago; Bybit: live order book, 1 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 Kraken Futures live order book, 1 min ago3.12 bp9.7 bp −$1013.0 bp −$13025.1 bp −$2,51371.3 bp −$35.7K
Sell Bybit live order book, 1 min ago0.64 bp7.4 bp −$79.5 bp −$9526.0 bp −$2,601111.1 bp −$55.6K

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%1h784.52−0.068%$43K—200xas long as short
Hotstuff BNB-PERP−0.0080%1h784.94−0.014%$4K$4225xas long as short
Kraken Futures PF_BNBUSDlong−0.0050%1h785.05long leg$2.5M$1.2M50x
Kalshi KXBNBPERP0.0000%8h785.70+0.083%$170K$2.7M4.8xas long as short
StandX BNB-USD0.0000%1h785.34+0.037%$847K$2.7M30xas long as short
gTrade (Gains Network) BNB/USDL +0.0007% / S −0.0007%1h785.16+0.014%$9.5M—150xas long as short
Aster BNBUSDT+0.0033%8h785.74+0.088%$6.0M$18.7M200xas long as short
Injective BNB/USDC PERP+0.0033%1h805.09+2.552%$19K$789K30xas long as short
BingX BNB-USDC+0.0038%8h785.30+0.032%—$13.4M—as long as short
MEXC BNB_USDT+0.0048%8h786.30+0.159%$80.9M$12.0M200xas long as short
Show all 46 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance BNBUSDT+0.0048%8h785.73+0.086%$488.5M$814.3M75xas long as short
Phemex BNBUSDT+0.0076%8h785.71+0.084%$68.6M$51.0M50xas long as short
Lighter BNB+0.0096%1h785.28+0.029%$2.7M$3.8M20xas long as short
Phoenix BNB+0.0100%1h785.66+0.077%$158K$35K10xas long as short
Nado BNB-PERP+0.0100%1h784.90−0.019%$1.4M$2.7M20xas long as short
Hyperliquid BNB+0.0100%1h785.73+0.086%$51.5M$17.7M10xas long as short
Pacifica BNB+0.0100%1h785.45+0.050%$1.2M$938K20xas long as short
Bybit BNBUSDTshort+0.0100%8h785.10+0.006%$138.1M$74.0M75x
OKX BNB-USDT-SWAP+0.0100%8h785.00−0.007%$53.4M$111.8M50xas long as short
Arcus BNB-USD+0.0100%1h785.40+0.044%$52K$125K10xas long as short
Gate BNB_USDT+0.0100%8h785.15+0.012%$38.3M$58.6M75xas long as short
KuCoin BNBUSDTM+0.0100%8h784.93−0.016%$27.6M$10.2M75xas long as short
Bitget BNBUSDT+0.0100%8h784.81−0.031%$75.3M$32.5M75xas long as short
Backpack BNB_USDC_PERP+0.0100%1h785.31+0.033%$2.2M$6.1M40xas long as short
Variational Omni BNB+0.0100%8h784.43−0.079%$4.0M$4.7M—as long as short
edgeX BNBUSDC+0.0100%4h785.04−0.001%$4.1M$76.7M30xas long as short
ApeX Omni BNBUSDT+0.0100%1h785.13+0.010%$158K$437K50xas long as short
Polymarket Perps BNB-USD+0.0100%1h785.07+0.002%$131K$942K10xas long as short
Orderly PERP_BNB_USDC+0.0100%8h785.20+0.019%$264K$388K50xas long as short
Derive BNB-PERP+0.0100%1h785.04−0.001%$31K$12K10xas long as short
SunX BNB-USDT+0.0100%8h785.82+0.098%$12K$1.5M50xas long as short
SoDEX BNB-USD+0.0100%1h785.30+0.032%$386K$963K10xas long as short
HTX BNB-USDT+0.0100%8h785.18+0.016%$8.0M$10.3M75xas long as short
Paradex BNB-USD-PERP+0.0100%8h785.72+0.085%$78K$17K50xas long as short
Extended BNB-USD+0.0104%1h784.81−0.031%$1.8M$5.8M50xas long as short
Aevo BNB-PERP+0.0104%1h785.29+0.030%$377K$110K10xas long as short
Coinbase International BNB-PERP-INTX+0.0104%1h785.03−0.003%$545K$1.9M50xas long as short
dYdX BNB-USD+0.0117%1h784.99−0.008%$159K$62K10xas long as short
BloFin BNB-USDT+0.0168%8h785.67+0.079%$17.7M$2.2M75xas long as short
Deribit BNB_USDC-PERPETUAL+0.0200%1h785.59+0.068%$1.5M$141K25xas long as short
GRVT BNB_USDT_Perp+0.0216%8h785.20+0.018%$2.9M$28.2M10xas long as short
Bulk BNB-USD+0.0231%1h784.93−0.016%$636K$83110xas long as short
01 Exchange BNBUSD+0.0248%1h785.82+0.098%$28K$4K10xas long as short
Reya BNBRUSDPERP+0.0320%1h784.93−0.016%$6K$3K40xas long as short
RISEx BNB/USDC+0.0350%1h785.44+0.049%$1.1M$909K20xas long as short
Hibachi BNB/USDT-P+0.0448%1h785.00−0.007%$67K$39K12xas long as short