BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0556%/8h= +60.8% APRnext payment +$0.69 per $10,000 · paid last 24h +0.060%

Price spread now: Hibachi against Kraken Futures+0.093%50s7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Kraken Futures Short on Hibachi

What this pair did over the last

the charts below follow

Funding, last 7 days+0.520%+$52 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropHibachi: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$17 a day on $10k at the current rate, and Hibachi is 0.093% dearer against Kraken Futures than usual: you sell high and buy low: +$9 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_BNBUSD	793.74	−0.0132	get 0.0016% / 1h	57m 26s	$2.5M	$1.0M	50x
Short	Hibachi BNB/USDT-P	794.48	0.0424	get 0.0053% / 1h	57m 26s	$68K	$38K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hibachi 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 HibachibpOrdersPrice spread, now +0.093%Rate

Funding earned: $116.68
Price spread: +0.093% → 0.000%: $9.25
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Hibachi: 4.5 bp × 2 orders: −$9
Net: $106.93
Costs to cover: 0.190%
Break-even: 0.6 days

Slippage unknown: Kraken Futures: live order book, 1 min ago; Hibachi: no order-book sample. 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 Kraken Futures live order book, 1 min ago	7.30 bp	12.6 bp −$13	14.1 bp −$141	38.2 bp −$3,815	261.6 bp −$130.8K
Sell Hibachi no order-book sample	—	—	—	—	—

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 −0.0159% / S +0.0335%	1h	793.83	+0.011%	$47K	—	200x	as long as short
Kraken Futures PF_BNBUSDlong	−0.0132%	1h	793.74	long leg	$2.5M	$1.0M	50x
Hotstuff BNB-PERP	−0.0080%	1h	794.71	+0.122%	$4K	$239	25x	as long as short
Gate BNB_USDT	−0.0015%	8h	794.10	+0.045%	$35.7M	$54.7M	75x	as long as short
dYdX BNB-USD	0.0000%	1h	793.84	+0.012%	$160K	$63K	10x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	794.94	+0.151%	$3.0M	$27.9M	10x	as long as short
StandX BNB-USD	0.0000%	1h	794.65	+0.114%	$859K	$3.0M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	793.59	−0.019%	$9.7M	—	150x	as long as short
Variational Omni BNB	+0.0009%	8h	794.01	+0.034%	$4.1M	$5.1M	—	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+1.430%	$19K	$789K	30x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster BNBUSDT	+0.0037%	8h	794.76	+0.128%	$6.1M	$19.8M	200x	as long as short
Bybit BNBUSDT	+0.0055%	8h	793.80	+0.007%	$137.8M	$76.8M	75x	as long as short
BingX BNB-USDT	+0.0055%	8h	794.12	+0.048%	—	$34.9M	—	as long as short
Phemex BNBUSDT	+0.0055%	8h	794.41	+0.084%	$69.4M	$50.4M	50x	as long as short
Coinbase International BNB-PERP-INTX	+0.0056%	1h	794.32	+0.073%	$608K	$1.1M	50x	as long as short
Binance BNBUSDT	+0.0064%	8h	794.65	+0.114%	$493.7M	$816.8M	75x	as long as short
MEXC BNB_USDT	+0.0065%	8h	794.80	+0.133%	$82.4M	$12.6M	200x	as long as short
Lighter BNB	+0.0096%	1h	794.43	+0.087%	$2.8M	$3.8M	20x	as long as short
Phoenix BNB	+0.0099%	1h	794.51	+0.097%	$171K	$36K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	793.70	−0.005%	$384K	$468K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	794.00	+0.032%	$1.4M	$2.7M	20x	as long as short
Pacifica BNB	+0.0100%	1h	794.29	+0.069%	$1.2M	$932K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	793.50	−0.031%	$53.5M	$110.8M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	794.50	+0.095%	$52K	$127K	10x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	794.11	+0.046%	$27.8M	$10.0M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	793.50	−0.031%	$77.7M	$28.1M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	794.75	+0.126%	$4.1M	$75.9M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	795.45	+0.215%	$160K	$434K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	794.14	+0.050%	$113K	$889K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	793.81	+0.009%	$32K	$9K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	794.74	+0.125%	$13K	$1.6M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	793.90	+0.020%	$390K	$995K	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	793.62	−0.016%	$8.1M	$8.5M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	794.49	+0.095%	$77K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	793.85	+0.014%	$1.8M	$6.0M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	793.69	−0.006%	$381K	$110K	10x	as long as short
RISEx BNB/USDC	+0.0131%	1h	794.33	+0.074%	$1.1M	$1.4M	20x	as long as short
Bulk BNB-USD	+0.0139%	1h	794.97	+0.155%	$646K	$10K	10x	as long as short
Hyperliquid BNB	+0.0151%	1h	794.31	+0.071%	$52.7M	$20.2M	10x	as long as short
Kalshi KXBNBPERP	+0.0162%	8h	794.20	+0.058%	$102K	$2.8M	4.8x	as long as short
BloFin BNB-USDT	+0.0186%	8h	795.06	+0.166%	$18.1M	$2.5M	75x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0200%	1h	794.05	+0.038%	$1.6M	$161K	25x	as long as short
01 Exchange BNBUSD	+0.0208%	1h	794.38	+0.080%	$28K	$1K	10x	as long as short
Reya BNBRUSDPERP	+0.0329%	1h	793.41	−0.042%	$6K	$3K	40x	as long as short
Hibachi BNB/USDT-Pshort	+0.0424%	1h	794.48	+0.093%	$68K	$38K	12x
Backpack BNB_USDC_PERP	+0.0481%	1h	794.79	+0.132%	$2.7M	$5.7M	40x	as long as short