Funding you earn now, next payment 05:00 UTC−0.0224%/8h= −24.6% APRpaid last 24h +0.007%
Price spread now: Kraken Futures against OKX+0.001%45s7-day average +0.018% · you sell dearer than you buy
Net, funding: paid 7d − costs−$39as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$350.349% of the position
Funding, last 7 days−0.042%−$4 on $10k
+Price spread, last 4 days (all we have)−0.055%−$6 · spread now +0.001%, 7d avg +0.018%
=The price spread sits at its 7-day average of +0.018%, so right now this pair is about funding alone: −$7 a day on $10k at the current rate. The two prices were read 45 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.042% in total (about -2.2% 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 | OKX BNB-USDT-SWAP | 787.50 | 0.0100 | pay 0.0100% / 8h | 3h 17m | $53.4M | $111.7M | 50x |
| Short | Kraken Futures PF_BNBUSD | 787.50 | −0.0124 | pay 0.0016% / 1h | 17m 36s | $2.5M | $1.2M | 50x |
OKX BNB-USDT-SWAP
Kraken Futures PF_BNBUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against OKX. 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
- −$47.11
- Price spread: +0.001% → +0.018%
- −$1.72
- Slippage, 4 orders
- −$14.94
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$83.77
- Costs to cover
- 0.349%
- Break-even
- never at this rate
Slippage from OKX: live order book, 1 min ago; Kraken Futures: live order book, 1 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 OKX live order book, 1 min ago | 0.63 bp | 6.2 bp −$6 | 8.6 bp −$86 | 21.7 bp −$2,169 | doesn't fit |
| Sell Kraken Futures live order book, 1 min ago | 5.59 bp | 12.2 bp −$12 | 14.8 bp −$148 | 35.0 bp −$3,504 | 105.7 bp −$52.8K |
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 | 787.55 | +0.006% | $46K | — | 200x | as long as short |
| Kraken Futures PF_BNBUSDshort | −0.0124% | 1h | 787.50 | +0.001% | $2.5M | $1.2M | 50x | |
| Hotstuff BNB-PERP | −0.0080% | 1h | 787.97 | +0.060% | $4K | $42 | 25x | as long as short |
| Kalshi KXBNBPERP | 0.0000% | 8h | 788.00 | +0.063% | $126K | $2.7M | 4.8x | as long as short |
| StandX BNB-USD | 0.0000% | 1h | 788.50 | +0.127% | $850K | $3.1M | 30x | as long as short |
| gTrade (Gains Network) BNB/USD | L +0.0007% / S −0.0007% | 1h | 787.62 | +0.015% | $9.5M | — | 150x | as long as short |
| Aster BNBUSDT | +0.0030% | 8h | 788.21 | +0.091% | $6.1M | $18.8M | 200x | as long as short |
| Injective BNB/USDC PERP | +0.0033% | 1h | 805.09 | +2.234% | $19K | $789K | 30x | as long as short |
| BingX BNB-USDT | +0.0034% | 8h | 787.78 | +0.036% | — | $22.3M | — | as long as short |
| MEXC BNB_USDT | +0.0042% | 8h | 788.60 | +0.140% | $80.0M | $12.0M | 200x | as long as short |
GMX BNB/USD [WBTC.b-USDC]
Hotstuff BNB-PERP
Kalshi KXBNBPERP
StandX BNB-USD
gTrade (Gains Network) BNB/USD
Aster BNBUSDT
Injective BNB/USDC PERP
BingX BNB-USDT
MEXC BNB_USDTShow all 46 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance BNBUSDT | +0.0042% | 8h | 788.22 | +0.091% | $491.4M | $801.3M | 75x | as long as short |
| Phemex BNBUSDT | +0.0044% | 8h | 788.19 | +0.088% | $68.9M | $50.6M | 50x | as long as short |
| Coinbase International BNB-PERP-INTX | +0.0072% | 1h | 787.19 | −0.039% | $588K | $1.9M | 50x | as long as short |
| dYdX BNB-USD | +0.0089% | 1h | 787.91 | +0.052% | $159K | $63K | 10x | as long as short |
| Phoenix BNB | +0.0092% | 1h | 787.84 | +0.043% | $169K | $35K | 10x | as long as short |
| Lighter BNB | +0.0096% | 1h | 787.87 | +0.047% | $2.7M | $3.9M | 20x | as long as short |
| Orderly PERP_BNB_USDC | +0.0100% | 8h | 787.69 | +0.024% | $265K | $492K | 50x | as long as short |
| Nado BNB-PERP | +0.0100% | 1h | 787.15 | −0.044% | $1.5M | $2.6M | 20x | as long as short |
| Hyperliquid BNB | +0.0100% | 1h | 788.35 | +0.108% | $51.7M | $17.4M | 10x | as long as short |
| Pacifica BNB | +0.0100% | 1h | 787.98 | +0.060% | $1.2M | $934K | 20x | as long as short |
| Bybit BNBUSDT | +0.0100% | 8h | 787.60 | +0.013% | $138.6M | $73.9M | 75x | as long as short |
| OKX BNB-USDT-SWAPlong | +0.0100% | 8h | 787.50 | long leg | $53.4M | $111.7M | 50x | |
| Arcus BNB-USD | +0.0100% | 1h | 787.80 | +0.038% | $52K | $133K | 10x | as long as short |
| Gate BNB_USDT | +0.0100% | 8h | 787.55 | +0.006% | $36.0M | $57.9M | 75x | as long as short |
| KuCoin BNBUSDTM | +0.0100% | 8h | 787.43 | −0.009% | $27.6M | $10.3M | 75x | as long as short |
| Bitget BNBUSDT | +0.0100% | 8h | 787.30 | −0.025% | $76.2M | $30.6M | 75x | as long as short |
| Backpack BNB_USDC_PERP | +0.0100% | 1h | 788.08 | +0.074% | $2.2M | $6.1M | 40x | as long as short |
| Variational Omni BNB | +0.0100% | 8h | 787.41 | −0.011% | $4.1M | $4.8M | — | as long as short |
| edgeX BNBUSDC | +0.0100% | 4h | 788.05 | +0.070% | $4.1M | $74.2M | 30x | as long as short |
| ApeX Omni BNBUSDT | +0.0100% | 1h | 787.89 | +0.050% | $159K | $442K | 50x | as long as short |
| Polymarket Perps BNB-USD | +0.0100% | 1h | 787.48 | −0.003% | $132K | $955K | 10x | as long as short |
| Derive BNB-PERP | +0.0100% | 1h | 787.71 | +0.027% | $31K | $12K | 10x | as long as short |
| SunX BNB-USDT | +0.0100% | 8h | 787.89 | +0.050% | $12K | $1.5M | 50x | as long as short |
| SoDEX BNB-USD | +0.0100% | 1h | 787.80 | +0.038% | $387K | $1.0M | 10x | as long as short |
| HTX BNB-USDT | +0.0100% | 8h | 787.32 | −0.023% | $8.1M | $9.7M | 75x | as long as short |
| Paradex BNB-USD-PERP | +0.0100% | 8h | 788.03 | +0.068% | $77K | $17K | 50x | as long as short |
| Extended BNB-USD | +0.0104% | 1h | 787.33 | −0.021% | $1.8M | $6.3M | 50x | as long as short |
| Aevo BNB-PERP | +0.0104% | 1h | 787.66 | +0.021% | $378K | $110K | 10x | as long as short |
| BloFin BNB-USDT | +0.0163% | 8h | 788.16 | +0.084% | $17.7M | $2.2M | 75x | as long as short |
| GRVT BNB_USDT_Perp | +0.0175% | 8h | 788.39 | +0.113% | $2.9M | $28.6M | 10x | as long as short |
| Bulk BNB-USD | +0.0193% | 1h | 788.28 | +0.099% | $638K | $10K | 10x | as long as short |
| Deribit BNB_USDC-PERPETUAL | +0.0200% | 1h | 788.12 | +0.078% | $1.5M | $143K | 25x | as long as short |
| 01 Exchange BNBUSD | +0.0240% | 1h | 788.25 | +0.095% | $28K | $4K | 10x | as long as short |
| Reya BNBRUSDPERP | +0.0324% | 1h | 787.20 | −0.038% | $6K | $3K | 40x | as long as short |
| Hibachi BNB/USDT-P | +0.0408% | 1h | 787.85 | +0.045% | $67K | $39K | 12x | as long as short |
| RISEx BNB/USDC | +0.0431% | 1h | 787.94 | +0.056% | $1.1M | $893K | 20x | as long as short |
Binance BNBUSDT
Phemex BNBUSDT
Coinbase International BNB-PERP-INTX
dYdX BNB-USD
Phoenix BNB
Lighter BNB
Orderly PERP_BNB_USDC
Nado BNB-PERP
Hyperliquid BNB
Pacifica BNB
Bybit BNBUSDT
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
Derive BNB-PERP
SunX BNB-USDT
SoDEX BNB-USD
HTX BNB-USDT
Paradex BNB-USD-PERP
Extended BNB-USD
Aevo BNB-PERP
BloFin BNB-USDT
GRVT BNB_USDT_Perp
Bulk BNB-USD
Deribit BNB_USDC-PERPETUAL
01 Exchange BNBUSD
Reya BNBRUSDPERP
Hibachi BNB/USDT-P
RISEx BNB/USDC