BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0101%/8h= +11.1% APRnext payment +$0.13 per $10,000 · paid last 24h +0.085%

Price spread now: dYdX against Kraken Futures−0.023%7-day average +0.010% · you buy dearer than you sell

Net, funding: paid 7d − costs−$23as in the Funding arb table

Net, price: spread back to 7d avg − costs−$78as in the Price arb table

costs, in and out, $10k−$740.744% of the position

Long on Kraken Futures Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.512%+$51 on $10k

Price spread, last 4 days (all we have)+0.048%+$5 · spread now −0.023%, 7d avg +0.010%

Together, before fees+0.561%+$56 on $10k · with fees, hour by hour

Funding pays, the price is against you. dYdX is 0.033% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.023% now, against its 7-day average of +0.010%). If the spread goes back, that is −$3 on $10k: about 26 hours of funding at the current rate (+$3 a day). At the pace of the last 7 days (+0.512% in total) that is about 11 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_BNBUSD	783.85	0.0069	pay 0.0009% / 1h	26m 20s	$2.5M	$1.2M	50x
Short	dYdX BNB-USD	783.67	0.0170	get 0.0021% / 1h	26m 20s	$159K	$62K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX 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

Position, each leg$Hold fordaysFee Kraken FuturesbpFee dYdXbpOrdersPrice spread, now −0.023%Rate

Funding earned: $21.19
Price spread: −0.023% → +0.010%: −$3.3
Slippage, 4 orders: −$54.45
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$56.56
Costs to cover: 0.744%
Break-even: 25.7 days

Slippage from Kraken Futures: live order book, 2 min ago; dYdX: live order book, 23 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, 2 min ago	4.40 bp	10.5 bp −$10	16.6 bp −$166	40.5 bp −$4,046	110.6 bp −$55.3K
Sell dYdX live order book, 23 min ago	11.80 bp	25.5 bp −$25	67.8 bp −$678	112.2 bp −$11.2K	148.7 bp −$74.4K

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 −0.0192% / S +0.0356%	1h	783.93	+0.010%	$46K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	783.99	+0.018%	$4K	$42	25x	as long as short
StandX BNB-USD	0.0000%	1h	784.86	+0.129%	$846K	$3.0M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	783.91	+0.008%	$9.5M	—	150x	as long as short
Aster BNBUSDT	+0.0031%	8h	784.46	+0.078%	$6.0M	$19.0M	200x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.710%	$19K	$789K	30x	as long as short
BingX BNB-USDC	+0.0042%	8h	784.07	+0.028%	—	$13.4M	—	as long as short
MEXC BNB_USDT	+0.0054%	8h	784.70	+0.109%	$79.5M	$11.9M	200x	as long as short
Phemex BNBUSDT	+0.0055%	8h	784.43	+0.074%	$68.6M	$50.5M	50x	as long as short
Binance BNBUSDT	+0.0055%	8h	784.66	+0.104%	$488.8M	$810.4M	75x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_BNBUSDlong	+0.0069%	1h	783.85	long leg	$2.5M	$1.2M	50x
Coinbase International BNB-PERP-INTX	+0.0080%	1h	783.79	−0.007%	$567K	$1.9M	50x	as long as short
Lighter BNB	+0.0096%	1h	784.17	+0.041%	$2.7M	$3.8M	20x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	784.08	+0.030%	$264K	$489K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	783.55	−0.038%	$1.4M	$2.7M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	784.35	+0.064%	$51.3M	$17.6M	10x	as long as short
Pacifica BNB	+0.0100%	1h	783.90	+0.006%	$1.2M	$933K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	783.85	0.000%	$137.7M	$74.5M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	783.80	−0.006%	$53.3M	$112.1M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	784.10	+0.032%	$52K	$129K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	783.95	+0.013%	$36.4M	$58.8M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	783.57	−0.036%	$27.6M	$10.3M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	783.64	−0.027%	$75.9M	$30.8M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	783.93	+0.010%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	784.13	+0.036%	$4.0M	$4.8M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	785.32	+0.188%	$4.1M	$75.1M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	785.72	+0.239%	$158K	$439K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	783.72	−0.016%	$131K	$954K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	784.15	+0.039%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	784.23	+0.049%	$12K	$1.5M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	784.10	+0.032%	$386K	$993K	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	783.75	−0.012%	$8.0M	$10.0M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	784.19	+0.043%	$76K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	783.63	−0.028%	$1.8M	$6.2M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	784.08	+0.029%	$377K	$110K	10x	as long as short
Phoenix BNB	+0.0107%	1h	785.13	+0.164%	$169K	$35K	10x	as long as short
Kalshi KXBNBPERP	+0.0146%	8h	784.20	+0.045%	$154K	$2.7M	4.8x	as long as short
dYdX BNB-USDshort	+0.0170%	1h	783.67	−0.023%	$159K	$62K	10x
BloFin BNB-USDT	+0.0174%	8h	784.07	+0.028%	$17.6M	$2.2M	75x	as long as short
GRVT BNB_USDT_Perp	+0.0208%	8h	785.52	+0.213%	$2.9M	$29.3M	10x	as long as short
01 Exchange BNBUSD	+0.0296%	1h	784.57	+0.092%	$28K	$4K	10x	as long as short
Bulk BNB-USD	+0.0298%	1h	785.69	+0.235%	$637K	$4K	10x	as long as short
Reya BNBRUSDPERP	+0.0323%	1h	783.56	−0.037%	$6K	$3K	40x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0400%	1h	784.46	+0.078%	$1.5M	$143K	25x	as long as short
RISEx BNB/USDC	+0.0432%	1h	784.26	+0.053%	$1.1M	$905K	20x	as long as short
Hibachi BNB/USDT-P	+0.0504%	1h	783.85	0.000%	$67K	$39K	12x	as long as short