Funding you earn now, next payment 02:00 UTC+0.0232%/8h= +25.4% APRpaid last 24h −0.011%
Price spread now: KuCoin against Kraken Futures+0.013%7-day average −0.005% · you sell dearer than you buy
Net, funding: paid 7d − costs−$41as in the Funding arb table
Net, price: spread back to 7d avg − costs−$45as in the Price arb table
costs, in and out, $10k−$470.469% of the position
Funding, last 7 days+0.058%+$6 on $10k
+Price spread, last 3 days (all we have)+0.022%+$2 · spread now +0.013%, 7d avg −0.005%
=The price spread sits at its 7-day average of −0.005%, so right now this pair is about funding alone: +$7 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.058% in total (about 3.0% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_BNBUSD | 792.98 | −0.0132 | get 0.0016% / 1h | 35m 09s | $2.5M | $1.0M | 50x |
| Short | KuCoin BNBUSDTM | 793.08 | 0.0100 | get 0.0100% / 8h | 6h 35m | $27.6M | $10.1M | 75x |
Kraken Futures PF_BNBUSD
KuCoin BNBUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- $48.66
- Price spread: +0.013% → −0.005%
- $1.73
- Slippage, 4 orders
- −$24.93
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- $3.47
- Costs to cover
- 0.469%
- Break-even
- 6.5 days
Slippage from Kraken Futures: live order book, 4 min ago; KuCoin: live order book, 9 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, 4 min ago | 3.98 bp | 13.5 bp −$13 | 15.1 bp −$151 | 36.0 bp −$3,601 | 148.2 bp −$74.1K |
| Sell KuCoin live order book, 9 min ago | 0.69 bp | 10.3 bp −$10 | 17.1 bp −$171 | 49.7 bp −$4,969 | 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 −0.0167% / S +0.0335% | 1h | 792.63 | −0.044% | $46K | — | 200x | as long as short |
| Kraken Futures PF_BNBUSDlong | −0.0132% | 1h | 792.98 | long leg | $2.5M | $1.0M | 50x | |
| Hotstuff BNB-PERP | −0.0080% | 1h | 793.06 | +0.010% | $4K | $239 | 25x | as long as short |
| StandX BNB-USD | 0.0000% | 1h | 793.44 | +0.058% | $857K | $3.1M | 30x | as long as short |
| gTrade (Gains Network) BNB/USD | L +0.0008% / S −0.0007% | 1h | 792.74 | −0.030% | $9.7M | — | 150x | as long as short |
| Gate BNB_USDT | +0.0012% | 8h | 792.65 | −0.042% | $35.3M | $55.7M | 75x | as long as short |
| Variational Omni BNB | +0.0021% | 8h | 792.33 | −0.082% | $4.0M | $4.9M | — | as long as short |
| GRVT BNB_USDT_Perp | +0.0030% | 8h | 792.17 | −0.102% | $2.9M | $28.5M | 10x | as long as short |
| Aster BNBUSDT | +0.0032% | 8h | 793.43 | +0.057% | $6.1M | $19.8M | 200x | as long as short |
| Injective BNB/USDC PERP | +0.0033% | 1h | 805.09 | +1.527% | $19K | $789K | 30x | as long as short |
GMX BNB/USD [WBTC.b-USDC]
Hotstuff BNB-PERP
StandX BNB-USD
gTrade (Gains Network) BNB/USD
Gate BNB_USDT
Variational Omni BNB
GRVT BNB_USDT_Perp
Aster BNBUSDT
Injective BNB/USDC PERPShow all 46 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX BNB-USDT | +0.0049% | 8h | 792.87 | −0.014% | — | $35.0M | — | as long as short |
| dYdX BNB-USD | +0.0053% | 1h | 792.47 | −0.064% | $160K | $63K | 10x | as long as short |
| Phemex BNBUSDT | +0.0055% | 8h | 793.21 | +0.029% | $69.4M | $50.5M | 50x | as long as short |
| Coinbase International BNB-PERP-INTX | +0.0056% | 1h | 791.17 | −0.228% | $607K | $1.1M | 50x | as long as short |
| MEXC BNB_USDT | +0.0061% | 8h | 793.60 | +0.078% | $82.3M | $12.7M | 200x | as long as short |
| Binance BNBUSDT | +0.0062% | 8h | 793.68 | +0.088% | $493.7M | $814.6M | 75x | as long as short |
| Phoenix BNB | +0.0088% | 1h | 792.22 | −0.096% | $170K | $36K | 10x | as long as short |
| Lighter BNB | +0.0096% | 1h | 793.01 | +0.004% | $2.8M | $4.0M | 20x | as long as short |
| Orderly PERP_BNB_USDC | +0.0100% | 8h | 792.80 | −0.023% | $383K | $409K | 50x | as long as short |
| Nado BNB-PERP | +0.0100% | 1h | 792.56 | −0.053% | $1.4M | $2.7M | 20x | as long as short |
| Hyperliquid BNB | +0.0100% | 1h | 793.18 | +0.025% | $52.0M | $19.8M | 10x | as long as short |
| Pacifica BNB | +0.0100% | 1h | 792.93 | −0.007% | $1.2M | $926K | 20x | as long as short |
| Bybit BNBUSDT | +0.0100% | 8h | 793.00 | +0.002% | $138.3M | $77.2M | 75x | as long as short |
| OKX BNB-USDT-SWAP | +0.0100% | 8h | 793.00 | +0.002% | $53.1M | $111.1M | 50x | as long as short |
| Arcus BNB-USD | +0.0100% | 1h | 792.90 | −0.010% | $52K | $134K | 10x | as long as short |
| KuCoin BNBUSDTMshort | +0.0100% | 8h | 793.08 | +0.013% | $27.6M | $10.1M | 75x | |
| Bitget BNBUSDT | +0.0100% | 8h | 792.69 | −0.037% | $77.2M | $28.3M | 75x | as long as short |
| edgeX BNBUSDC | +0.0100% | 4h | 791.74 | −0.156% | $4.1M | $76.9M | 30x | as long as short |
| ApeX Omni BNBUSDT | +0.0100% | 1h | 792.25 | −0.092% | $159K | $436K | 50x | as long as short |
| Polymarket Perps BNB-USD | +0.0100% | 1h | 792.54 | −0.056% | $111K | $889K | 10x | as long as short |
| Derive BNB-PERP | +0.0100% | 1h | 793.00 | +0.002% | $32K | $9K | 10x | as long as short |
| SunX BNB-USDT | +0.0100% | 8h | 793.47 | +0.062% | $13K | $1.6M | 50x | as long as short |
| SoDEX BNB-USD | +0.0100% | 1h | 793.00 | +0.002% | $390K | $995K | 10x | as long as short |
| HTX BNB-USDT | +0.0100% | 8h | 792.65 | −0.042% | $8.1M | $8.8M | 75x | as long as short |
| Paradex BNB-USD-PERP | +0.0100% | 8h | 792.99 | +0.001% | $77K | $17K | 50x | as long as short |
| Extended BNB-USD | +0.0104% | 1h | 792.46 | −0.066% | $1.7M | $5.9M | 50x | as long as short |
| Aevo BNB-PERP | +0.0104% | 1h | 792.88 | −0.013% | $381K | $110K | 10x | as long as short |
| RISEx BNB/USDC | +0.0131% | 1h | 792.78 | −0.025% | $1.1M | $1.3M | 20x | as long as short |
| Kalshi KXBNBPERP | +0.0162% | 8h | 793.20 | +0.028% | $111K | $2.8M | 4.8x | as long as short |
| Bulk BNB-USD | +0.0175% | 1h | 792.60 | −0.048% | $642K | $16K | 10x | as long as short |
| BloFin BNB-USDT | +0.0182% | 8h | 794.06 | +0.136% | $18.1M | $2.5M | 75x | as long as short |
| 01 Exchange BNBUSD | +0.0248% | 1h | 793.35 | +0.047% | $28K | $2K | 10x | as long as short |
| Reya BNBRUSDPERP | +0.0329% | 1h | 792.31 | −0.085% | $6K | $3K | 40x | as long as short |
| Backpack BNB_USDC_PERP | +0.0395% | 1h | 793.47 | +0.062% | $2.7M | $5.7M | 40x | as long as short |
| Deribit BNB_USDC-PERPETUAL | +0.0400% | 1h | 793.37 | +0.049% | $1.6M | $161K | 25x | as long as short |
| Hibachi BNB/USDT-P | +0.0520% | 1h | 792.33 | −0.082% | $68K | $38K | 12x | as long as short |
BingX BNB-USDT
dYdX BNB-USD
Phemex BNBUSDT
Coinbase International BNB-PERP-INTX
MEXC BNB_USDT
Binance BNBUSDT
Phoenix BNB
Lighter BNB
Orderly PERP_BNB_USDC
Nado BNB-PERP
Hyperliquid BNB
Pacifica BNB
Bybit BNBUSDT
OKX BNB-USDT-SWAP
Arcus BNB-USD
Bitget BNBUSDT
edgeX BNBUSDC
ApeX Omni BNBUSDT
Polymarket Perps BNB-USD
Derive BNB-PERP
SunX BNB-USDT
SoDEX BNB-USD
HTX BNB-USDT
Paradex BNB-USD-PERP
Extended BNB-USD
Aevo BNB-PERP
RISEx BNB/USDC
Kalshi KXBNBPERP
Bulk BNB-USD
BloFin BNB-USDT
01 Exchange BNBUSD
Reya BNBRUSDPERP
Backpack BNB_USDC_PERP
Deribit BNB_USDC-PERPETUAL
Hibachi BNB/USDT-P