Funding you earn now, next payment 06:00 UTC−0.0031%/8h= −3.4% APRpaid last 24h +0.002%
Price spread now: Kraken Futures against Orderly−0.021%7-day average −0.037% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.095%−$9 on $10k
+Price spread, last 4 days (all we have)−0.016%−$2 · spread now −0.021%, 7d avg −0.037%
=The price spread sits at its 7-day average of −0.037%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_BNB_USDC | 788.57 | 0.0100 | pay 0.0100% / 8h | 2h 04m | $265K | $487K | 50x |
| Short | Kraken Futures PF_BNBUSD | 788.40 | 0.0069 | get 0.0009% / 1h | 4m 33s | $2.5M | $1.2M | 50x |
Orderly PERP_BNB_USDC
Kraken Futures PF_BNBUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Orderly. 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
- −$6.5
- Price spread: −0.021% → −0.037%
- $1.59
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$20.91
- Costs to cover
- 0.160%
- Break-even
- never at this rate
Slippage unknown: Orderly: no order-book sample; Kraken Futures: live order book, 4 min ago. 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 Orderly no order-book sample | — | — | — | — | — |
| Sell Kraken Futures live order book, 4 min ago | 4.57 bp | 10.8 bp −$11 | 12.7 bp −$127 | 35.6 bp −$3,558 | 109.4 bp −$54.7K |
Orderly: 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 −0.0192% / S +0.0356% | 1h | 788.46 | −0.014% | $46K | — | 200x | as long as short |
| Hotstuff BNB-PERP | −0.0080% | 1h | 788.88 | +0.039% | $4K | $42 | 25x | as long as short |
| StandX BNB-USD | 0.0000% | 1h | 789.04 | +0.060% | $851K | $2.9M | 30x | as long as short |
| gTrade (Gains Network) BNB/USD | L +0.0007% / S −0.0007% | 1h | 788.46 | −0.014% | $9.5M | — | 150x | as long as short |
| Injective BNB/USDC PERP | +0.0033% | 1h | 805.09 | +2.095% | $19K | $789K | 30x | as long as short |
| Aster BNBUSDT | +0.0045% | 8h | 789.10 | +0.067% | $6.1M | $19.1M | 200x | as long as short |
| BingX BNB-USDT | +0.0053% | 8h | 788.64 | +0.009% | — | $22.2M | — | as long as short |
| Phemex BNBUSDT | +0.0062% | 8h | 789.08 | +0.065% | $69.0M | $50.8M | 50x | as long as short |
| MEXC BNB_USDT | +0.0067% | 8h | 789.40 | +0.105% | $81.0M | $12.1M | 200x | as long as short |
| Binance BNBUSDT | +0.0067% | 8h | 789.16 | +0.075% | $491.3M | $816.2M | 75x | 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
Aster BNBUSDT
BingX BNB-USDT
Phemex BNBUSDT
MEXC BNB_USDT
Binance BNBUSDTShow all 46 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_BNBUSDshort | +0.0069% | 1h | 788.40 | −0.021% | $2.5M | $1.2M | 50x | |
| Coinbase International BNB-PERP-INTX | +0.0080% | 1h | 788.38 | −0.024% | $569K | $1.9M | 50x | as long as short |
| Lighter BNB | +0.0096% | 1h | 788.58 | +0.001% | $2.7M | $3.8M | 20x | as long as short |
| Orderly PERP_BNB_USDClong | +0.0100% | 8h | 788.57 | long leg | $265K | $487K | 50x | |
| Nado BNB-PERP | +0.0100% | 1h | 788.35 | −0.028% | $1.4M | $2.7M | 20x | as long as short |
| Hyperliquid BNB | +0.0100% | 1h | 789.11 | +0.068% | $51.7M | $17.6M | 10x | as long as short |
| Pacifica BNB | +0.0100% | 1h | 788.76 | +0.025% | $1.2M | $933K | 20x | as long as short |
| Bybit BNBUSDT | +0.0100% | 8h | 788.50 | −0.009% | $138.8M | $75.1M | 75x | as long as short |
| OKX BNB-USDT-SWAP | +0.0100% | 8h | 788.40 | −0.022% | $53.6M | $113.3M | 50x | as long as short |
| Arcus BNB-USD | +0.0100% | 1h | 788.80 | +0.029% | $52K | $129K | 10x | as long as short |
| Gate BNB_USDT | +0.0100% | 8h | 788.55 | −0.003% | $36.9M | $59.5M | 75x | as long as short |
| KuCoin BNBUSDTM | +0.0100% | 8h | 788.30 | −0.034% | $27.7M | $10.2M | 75x | as long as short |
| Bitget BNBUSDT | +0.0100% | 8h | 788.29 | −0.036% | $76.3M | $31.1M | 75x | as long as short |
| Backpack BNB_USDC_PERP | +0.0100% | 1h | 788.95 | +0.048% | $2.2M | $6.1M | 40x | as long as short |
| Variational Omni BNB | +0.0100% | 8h | 788.41 | −0.020% | $4.0M | $4.8M | — | as long as short |
| edgeX BNBUSDC | +0.0100% | 4h | 788.54 | −0.004% | $4.1M | $75.9M | 30x | as long as short |
| ApeX Omni BNBUSDT | +0.0100% | 1h | 788.44 | −0.016% | $159K | $437K | 50x | as long as short |
| Polymarket Perps BNB-USD | +0.0100% | 1h | 788.40 | −0.022% | $132K | $951K | 10x | as long as short |
| Derive BNB-PERP | +0.0100% | 1h | 788.73 | +0.021% | $31K | $12K | 10x | as long as short |
| SunX BNB-USDT | +0.0100% | 8h | 789.05 | +0.061% | $12K | $1.5M | 50x | as long as short |
| HTX BNB-USDT | +0.0100% | 8h | 788.51 | −0.008% | $8.1M | $10.1M | 75x | as long as short |
| Paradex BNB-USD-PERP | +0.0101% | 8h | 788.87 | +0.038% | $77K | $17K | 50x | as long as short |
| Extended BNB-USD | +0.0104% | 1h | 788.23 | −0.044% | $1.8M | $6.2M | 50x | as long as short |
| Aevo BNB-PERP | +0.0104% | 1h | 788.53 | −0.005% | $379K | $110K | 10x | as long as short |
| Phoenix BNB | +0.0107% | 1h | 787.87 | −0.089% | $169K | $35K | 10x | as long as short |
| SoDEX BNB-USD | +0.0118% | 1h | 788.70 | +0.016% | $388K | $989K | 10x | as long as short |
| dYdX BNB-USD | +0.0133% | 1h | 788.46 | −0.014% | $160K | $62K | 10x | as long as short |
| Kalshi KXBNBPERP | +0.0140% | 8h | 789.20 | +0.080% | $163K | $2.7M | 4.8x | as long as short |
| BloFin BNB-USDT | +0.0187% | 8h | 789.06 | +0.062% | $17.6M | $2.2M | 75x | as long as short |
| GRVT BNB_USDT_Perp | +0.0224% | 8h | 788.87 | +0.038% | $2.9M | $29.5M | 10x | as long as short |
| Deribit BNB_USDC-PERPETUAL | +0.0300% | 1h | 788.94 | +0.047% | $1.5M | $143K | 25x | as long as short |
| 01 Exchange BNBUSD | +0.0312% | 1h | 789.26 | +0.088% | $28K | $4K | 10x | as long as short |
| Reya BNBRUSDPERP | +0.0323% | 1h | 788.30 | −0.034% | $6K | $3K | 40x | as long as short |
| Bulk BNB-USD | +0.0378% | 1h | 788.15 | −0.053% | $639K | $4K | 10x | as long as short |
| RISEx BNB/USDC | +0.0432% | 1h | 788.84 | +0.035% | $1.1M | $902K | 20x | as long as short |
| Hibachi BNB/USDT-P | +0.0560% | 1h | 788.09 | −0.061% | $67K | $39K | 12x | as long as short |
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
Derive BNB-PERP
SunX BNB-USDT
HTX BNB-USDT
Paradex BNB-USD-PERP
Extended BNB-USD
Aevo BNB-PERP
Phoenix BNB
SoDEX BNB-USD
dYdX BNB-USD
Kalshi KXBNBPERP
BloFin BNB-USDT
GRVT BNB_USDT_Perp
Deribit BNB_USDC-PERPETUAL
01 Exchange BNBUSD
Reya BNBRUSDPERP
Bulk BNB-USD
RISEx BNB/USDC
Hibachi BNB/USDT-P