BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0124%/8h= +13.6% APRnext payment +$0.16 per $10,000 · paid last 24h −0.037%

Price spread now: StandX against Kraken Futures−0.099%7-day average +0.060% · you buy dearer than you sell

Net, funding: paid 7d − costs−$56as in the Funding arb table

Net, price: spread back to 7d avg − costs−$60as in the Price arb table

costs, in and out, $10k−$440.438% of the position

Long on Kraken Futures Short on StandX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.118%−$12 on $10k

Price spread, last 4 days (all we have)+0.239%+$24 · spread now −0.099%, 7d avg +0.060%

Together, before fees+0.121%+ Points / potential airdropStandX: Active · farm board+$12 on $10k · with fees, hour by hour

Funding pays, the price is against you. StandX is 0.159% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.099% now, against its 7-day average of +0.060%). If the spread goes back, that is −$16 on $10k: about 4.3 days of funding at the current rate (+$4 a day). Mind the row above: over the last 7 days funding on this pair cost −0.118%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_BNBUSD	787.27	−0.0124	get 0.0016% / 1h	5m 54s	$2.5M	$1.2M	50x
Short	StandX BNB-USD	786.49	0	get 0.0000% / 1h	5m 54s	$848K	$3.1M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

StandX 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 StandXbpOrdersPrice spread, now −0.099%Rate

Funding earned: $26.12
Price spread: −0.099% → +0.060%: −$15.95
Slippage, 4 orders: −$25.75
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee StandX: 4 bp × 2 orders: −$8
Net: −$33.58
Costs to cover: 0.438%
Break-even: 16.0 days

Slippage from Kraken Futures: live order book, 3 min ago; StandX: 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	3.12 bp	12.0 bp −$12	13.8 bp −$138	34.3 bp −$3,425	99.0 bp −$49.5K
Sell StandX live order book, 3 min ago	5.47 bp	11.0 bp −$11	13.3 bp −$133	doesn't fit	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 −0.0192% / S +0.0356%	1h	787.22	−0.007%	$46K	—	200x	as long as short
Kraken Futures PF_BNBUSDlong	−0.0124%	1h	787.27	long leg	$2.5M	$1.2M	50x
Hotstuff BNB-PERP	−0.0080%	1h	786.81	−0.059%	$4K	$42	25x	as long as short
Kalshi KXBNBPERP	0.0000%	8h	787.50	+0.029%	$122K	$2.7M	4.8x	as long as short
StandX BNB-USDshort	0.0000%	1h	786.49	−0.099%	$848K	$3.1M	30x
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	787.31	+0.005%	$9.5M	—	150x	as long as short
Aster BNBUSDT	+0.0022%	8h	787.97	+0.088%	$6.1M	$19.1M	200x	as long as short
BingX BNB-USDT	+0.0033%	8h	787.53	+0.033%	—	$22.3M	—	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.263%	$19K	$789K	30x	as long as short
Phemex BNBUSDT	+0.0038%	8h	787.82	+0.070%	$68.9M	$50.7M	50x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC BNB_USDT	+0.0041%	8h	788.40	+0.143%	$79.9M	$12.1M	200x	as long as short
Binance BNBUSDT	+0.0043%	8h	787.82	+0.070%	$490.4M	$804.2M	75x	as long as short
Coinbase International BNB-PERP-INTX	+0.0072%	1h	788.00	+0.093%	$579K	$1.9M	50x	as long as short
dYdX BNB-USD	+0.0076%	1h	787.22	−0.007%	$159K	$61K	10x	as long as short
Phoenix BNB	+0.0092%	1h	786.26	−0.128%	$169K	$35K	10x	as long as short
Lighter BNB	+0.0096%	1h	787.45	+0.022%	$2.7M	$3.9M	20x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	787.31	+0.005%	$265K	$491K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	787.10	−0.022%	$1.5M	$2.6M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	787.76	+0.062%	$51.7M	$17.5M	10x	as long as short
Pacifica BNB	+0.0100%	1h	787.60	+0.042%	$1.2M	$934K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	787.15	−0.015%	$138.3M	$74.1M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	787.10	−0.022%	$53.4M	$111.7M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	787.50	+0.029%	$52K	$133K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	787.30	+0.004%	$36.2M	$58.4M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	787.16	−0.014%	$27.6M	$10.3M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	786.90	−0.047%	$76.1M	$30.6M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	787.46	+0.024%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	787.11	−0.020%	$4.1M	$4.6M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	786.48	−0.101%	$4.1M	$74.3M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	786.20	−0.136%	$158K	$441K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	787.24	−0.004%	$132K	$956K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	787.35	+0.010%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	787.98	+0.090%	$12K	$1.5M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	787.40	+0.016%	$387K	$1.0M	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	785.98	−0.164%	$8.1M	$9.7M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	787.52	+0.032%	$77K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	787.10	−0.022%	$1.8M	$6.3M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	787.27	0.000%	$378K	$110K	10x	as long as short
BloFin BNB-USDT	+0.0161%	8h	787.40	+0.016%	$17.7M	$2.2M	75x	as long as short
GRVT BNB_USDT_Perp	+0.0179%	8h	786.55	−0.091%	$2.9M	$28.8M	10x	as long as short
Bulk BNB-USD	+0.0201%	1h	787.88	+0.077%	$639K	$10K	10x	as long as short
01 Exchange BNBUSD	+0.0240%	1h	788.02	+0.095%	$28K	$4K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	787.73	+0.058%	$1.5M	$143K	25x	as long as short
Reya BNBRUSDPERP	+0.0324%	1h	787.09	−0.023%	$6K	$3K	40x	as long as short
RISEx BNB/USDC	+0.0431%	1h	787.55	+0.035%	$1.1M	$907K	20x	as long as short
Hibachi BNB/USDT-P	+0.0432%	1h	786.80	−0.060%	$67K	$39K	12x	as long as short