Funding you earn now, next payment 07:00 UTC−0.0141%/8h= −15.5% APRpaid last 24h +0.002%
Price spread now: MEXC against Kraken Futures+0.109%7-day average +0.179% · you sell dearer than you buy
Net, funding: paid 7d − costs−$24as in the Funding arb table
Net, price: spread back to 7d avg − costs−$34as in the Price arb table
costs, in and out, $10k−$270.271% of the position
Funding, last 7 days+0.034%+$3 on $10k
+Price spread, last 4 days (all we have)+0.209%+$21 · spread now +0.109%, 7d avg +0.179%
=Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and MEXC is 0.070% cheaper against Kraken Futures than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of +0.179%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_BNBUSD | 788.04 | 0.0205 | pay 0.0026% / 1h | 25m 50s | $2.5M | $1.2M | 50x |
| Short | MEXC BNB_USDT | 788.90 | 0.0064 | get 0.0064% / 8h | 1h 25m | $81.1M | $12.1M | 200x |
Kraken Futures PF_BNBUSD
MEXC BNB_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- −$29.67
- Price spread: +0.109% → +0.179%
- −$6.97
- Slippage, 4 orders
- −$13.12
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$63.76
- Costs to cover
- 0.271%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 3 min ago; MEXC: live order book, 3 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, 3 min ago | 3.11 bp | 9.4 bp −$9 | 14.8 bp −$148 | 35.8 bp −$3,584 | 98.9 bp −$49.4K |
| Sell MEXC live order book, 3 min ago | 1.27 bp | 4.6 bp −$5 | 7.3 bp −$73 | 20.0 bp −$1,997 | 35.4 bp −$17.7K |
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 −0.0170% / S +0.0337% | 1h | 787.63 | −0.052% | $43K | — | 200x | as long as short |
| Hotstuff BNB-PERP | −0.0080% | 1h | 787.93 | −0.014% | $4K | $42 | 25x | as long as short |
| StandX BNB-USD | 0.0000% | 1h | 788.35 | +0.039% | $850K | $2.8M | 30x | as long as short |
| gTrade (Gains Network) BNB/USD | L +0.0007% / S −0.0007% | 1h | 787.94 | −0.013% | $9.5M | — | 150x | as long as short |
| Injective BNB/USDC PERP | +0.0033% | 1h | 805.09 | +2.163% | $19K | $789K | 30x | as long as short |
| BingX BNB-USDT | +0.0051% | 8h | 787.87 | −0.022% | — | $22.3M | — | as long as short |
| Aster BNBUSDT | +0.0052% | 8h | 788.25 | +0.027% | $6.1M | $18.8M | 200x | as long as short |
| MEXC BNB_USDTshort | +0.0064% | 8h | 788.90 | +0.109% | $81.1M | $12.1M | 200x | |
| Binance BNBUSDT | +0.0065% | 8h | 788.22 | +0.023% | $490.9M | $817.9M | 75x | as long as short |
| dYdX BNB-USD | +0.0072% | 1h | 788.07 | +0.003% | $160K | $62K | 10x | as long as short |
GMX BNB/USD [WBTC.b-USDC]
Hotstuff BNB-PERP
StandX BNB-USD
gTrade (Gains Network) BNB/USD
Injective BNB/USDC PERP
BingX BNB-USDT
Aster BNBUSDT
Binance BNBUSDT
dYdX BNB-USDShow all 46 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phemex BNBUSDT | +0.0074% | 8h | 788.60 | +0.071% | $68.9M | $51.0M | 50x | as long as short |
| Coinbase International BNB-PERP-INTX | +0.0080% | 1h | 787.30 | −0.094% | $568K | $1.9M | 50x | as long as short |
| Lighter BNB | +0.0096% | 1h | 788.23 | +0.024% | $2.7M | $3.8M | 20x | as long as short |
| Nado BNB-PERP | +0.0100% | 1h | 787.73 | −0.039% | $1.4M | $2.7M | 20x | as long as short |
| Hyperliquid BNB | +0.0100% | 1h | 788.66 | +0.079% | $51.6M | $17.7M | 10x | as long as short |
| Pacifica BNB | +0.0100% | 1h | 787.97 | −0.009% | $1.2M | $933K | 20x | as long as short |
| Bybit BNBUSDT | +0.0100% | 8h | 787.40 | −0.081% | $138.6M | $75.1M | 75x | as long as short |
| OKX BNB-USDT-SWAP | +0.0100% | 8h | 787.50 | −0.069% | $53.6M | $113.3M | 50x | as long as short |
| Arcus BNB-USD | +0.0100% | 1h | 788.20 | +0.020% | $52K | $129K | 10x | as long as short |
| Gate BNB_USDT | +0.0100% | 8h | 787.80 | −0.031% | $37.6M | $59.2M | 75x | as long as short |
| KuCoin BNBUSDTM | +0.0100% | 8h | 787.63 | −0.052% | $27.7M | $10.2M | 75x | as long as short |
| Bitget BNBUSDT | +0.0100% | 8h | 787.52 | −0.066% | $76.2M | $31.2M | 75x | as long as short |
| Backpack BNB_USDC_PERP | +0.0100% | 1h | 788.44 | +0.051% | $2.2M | $6.1M | 40x | as long as short |
| Variational Omni BNB | +0.0100% | 8h | 786.11 | −0.245% | $4.0M | $4.8M | — | as long as short |
| edgeX BNBUSDC | +0.0100% | 4h | 787.78 | −0.033% | $4.1M | $76.1M | 30x | as long as short |
| ApeX Omni BNBUSDT | +0.0100% | 1h | 788.02 | −0.003% | $159K | $437K | 50x | as long as short |
| Polymarket Perps BNB-USD | +0.0100% | 1h | 788.02 | −0.003% | $132K | $951K | 10x | as long as short |
| Orderly PERP_BNB_USDC | +0.0100% | 8h | 787.98 | −0.008% | $265K | $470K | 50x | as long as short |
| Derive BNB-PERP | +0.0100% | 1h | 786.03 | −0.255% | $31K | $12K | 10x | as long as short |
| SunX BNB-USDT | +0.0100% | 8h | 788.03 | −0.002% | $12K | $1.5M | 50x | as long as short |
| SoDEX BNB-USD | +0.0100% | 1h | 788.20 | +0.020% | $388K | $982K | 10x | as long as short |
| HTX BNB-USDT | +0.0100% | 8h | 788.42 | +0.048% | $8.1M | $10.2M | 75x | as long as short |
| Paradex BNB-USD-PERP | +0.0101% | 8h | 788.44 | +0.051% | $78K | $18K | 50x | as long as short |
| Extended BNB-USD | +0.0104% | 1h | 787.56 | −0.061% | $1.8M | $6.1M | 50x | as long as short |
| Aevo BNB-PERP | +0.0104% | 1h | 788.10 | +0.007% | $379K | $110K | 10x | as long as short |
| Phoenix BNB | +0.0135% | 1h | 787.67 | −0.047% | $169K | $35K | 10x | as long as short |
| Kalshi KXBNBPERP | +0.0137% | 8h | 788.10 | +0.007% | $170K | $2.7M | 4.8x | as long as short |
| BloFin BNB-USDT | +0.0185% | 8h | 788.11 | +0.009% | $17.7M | $2.2M | 75x | as long as short |
| Deribit BNB_USDC-PERPETUAL | +0.0200% | 1h | 788.45 | +0.052% | $1.5M | $145K | 25x | as long as short |
| Kraken Futures PF_BNBUSDlong | +0.0205% | 1h | 788.04 | long leg | $2.5M | $1.2M | 50x | |
| GRVT BNB_USDT_Perp | +0.0229% | 8h | 787.15 | −0.113% | $2.9M | $29.4M | 10x | as long as short |
| 01 Exchange BNBUSD | +0.0248% | 1h | 788.82 | +0.099% | $28K | $4K | 10x | as long as short |
| Bulk BNB-USD | +0.0291% | 1h | 787.29 | −0.095% | $638K | $4K | 10x | as long as short |
| Reya BNBRUSDPERP | +0.0322% | 1h | 787.81 | −0.030% | $6K | $3K | 40x | as long as short |
| RISEx BNB/USDC | +0.0438% | 1h | 788.27 | +0.029% | $1.1M | $915K | 20x | as long as short |
| Hibachi BNB/USDT-P | +0.0520% | 1h | 787.21 | −0.106% | $67K | $39K | 12x | as long as short |
Phemex BNBUSDT
Coinbase International BNB-PERP-INTX
Lighter BNB
Nado BNB-PERP
Hyperliquid BNB
Pacifica BNB
Bybit BNBUSDT
OKX BNB-USDT-SWAP
Arcus BNB-USD
Gate BNB_USDT
KuCoin BNBUSDTM
Bitget BNBUSDT
Backpack BNB_USDC_PERP
Variational Omni BNB
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
Extended BNB-USD
Aevo BNB-PERP
Phoenix BNB
Kalshi KXBNBPERP
BloFin BNB-USDT
Deribit BNB_USDC-PERPETUAL
GRVT BNB_USDT_Perp
01 Exchange BNBUSD
Bulk BNB-USD
Reya BNBRUSDPERP
RISEx BNB/USDC
Hibachi BNB/USDT-P