BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0121%/8h= −13.2% APRnext payment −$0.15 per $10,000 · paid last 24h −0.001%

Price spread now: Kraken Futures against Pacifica−0.017%7-day average −0.041% · you buy dearer than you sell

Net, funding: paid 7d − costs−$42as in the Funding arb table

Net, price: spread back to 7d avg − costs−$30as in the Price arb table

costs, in and out, $10k−$320.321% of the position

Long on Pacifica Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days−0.104%−$10 on $10k

Price spread, last 4 days (all we have)−0.398%−$40 · spread now −0.017%, 7d avg −0.041%

Together, before fees−0.502%+ Points / potential airdropPacifica: Active · farm board−$50 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Kraken Futures is 0.023% dearer against Pacifica than usual: you sell high and buy low (spread −0.017% now, against its 7-day average of −0.041%): +$2 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 15 hours. At the pace of the last 7 days (−0.104% in total) that is about 38 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica BNB	787.14	0.0100	pay 0.0013% / 1h	21m 57s	$1.2M	$937K	20x
Short	Kraken Futures PF_BNBUSD	787.00	−0.0021	pay 0.0003% / 1h	21m 57s	$2.5M	$1.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Pacifica. 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 PacificabpFee Kraken FuturesbpOrdersPrice spread, now −0.017%Rate

Funding earned: −$25.32
Price spread: −0.017% → −0.041%: $2.33
Slippage, 4 orders: −$14.08
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$55.07
Costs to cover: 0.321%
Break-even: never at this rate

Slippage from Pacifica: live order book, 2 min ago; Kraken Futures: live order book, 2 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 Pacifica live order book, 2 min ago	0.25 bp	5.5 bp −$5	doesn't fit	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 2 min ago	4.39 bp	12.4 bp −$12	18.2 bp −$182	36.0 bp −$3,599	91.8 bp −$45.9K

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 −0.0166% / S +0.0337%	1h	786.72	−0.054%	$43K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	787.07	−0.009%	$4K	—	25x	as long as short
Kraken Futures PF_BNBUSDshort	−0.0021%	1h	787.00	−0.017%	$2.5M	$1.2M	50x
GRVT BNB_USDT_Perp	0.0000%	8h	785.24	−0.241%	$3.0M	$27.1M	10x	as long as short
StandX BNB-USD	0.0000%	1h	786.15	−0.125%	$848K	$2.7M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	787.12	−0.002%	$9.5M	—	150x	as long as short
Aster BNBUSDT	+0.0018%	8h	787.86	+0.092%	$6.0M	$18.2M	200x	as long as short
BingX BNB-USDT	+0.0028%	8h	787.46	+0.041%	—	$22.1M	—	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.281%	$19K	$789K	30x	as long as short
MEXC BNB_USDT	+0.0035%	8h	789.00	+0.237%	$82.9M	$12.3M	200x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance BNBUSDT	+0.0036%	8h	787.75	+0.078%	$489.1M	$805.6M	75x	as long as short
Lighter BNB	+0.0096%	1h	787.32	+0.023%	$2.7M	$3.7M	20x	as long as short
Nado BNB-PERP	+0.0100%	1h	786.30	−0.106%	$1.4M	$2.6M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	787.81	+0.085%	$51.7M	$17.4M	10x	as long as short
Pacifica BNBlong	+0.0100%	1h	787.14	long leg	$1.2M	$937K	20x
Bybit BNBUSDT	+0.0100%	8h	787.15	+0.002%	$138.7M	$72.8M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	787.10	−0.005%	$53.5M	$110.2M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	787.10	−0.005%	$52K	$125K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	787.40	+0.033%	$39.7M	$56.1M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	787.06	−0.010%	$27.8M	$9.9M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	787.00	−0.018%	$75.5M	$32.3M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	787.62	+0.061%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	783.60	−0.450%	$4.3M	$5.0M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	785.05	−0.266%	$4.1M	$76.1M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	784.89	−0.286%	$158K	$439K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	787.05	−0.011%	$132K	$922K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	787.23	+0.012%	$265K	$357K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	784.27	−0.365%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	787.45	+0.040%	$12K	$1.5M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	787.30	+0.021%	$387K	$940K	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	786.90	−0.031%	$8.0M	$10.3M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	787.35	+0.027%	$78K	$47K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	786.90	−0.030%	$1.8M	$5.8M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	787.05	−0.012%	$378K	$110K	10x	as long as short
Phemex BNBUSDT	+0.0106%	8h	787.79	+0.083%	$68.6M	$51.1M	50x	as long as short
Kalshi KXBNBPERP	+0.0109%	8h	787.30	+0.021%	$160K	$2.6M	4.8x	as long as short
Coinbase International BNB-PERP-INTX	+0.0120%	1h	787.14	0.000%	$548K	$1.9M	50x	as long as short
Phoenix BNB	+0.0120%	1h	785.71	−0.181%	$158K	$38K	10x	as long as short
BloFin BNB-USDT	+0.0141%	8h	787.11	−0.004%	$17.8M	$2.2M	75x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0200%	1h	787.61	+0.060%	$1.5M	$141K	25x	as long as short
Bulk BNB-USD	+0.0200%	1h	784.80	−0.297%	$636K	$630	10x	as long as short
dYdX BNB-USD	+0.0216%	1h	786.78	−0.045%	$158K	$65K	10x	as long as short
01 Exchange BNBUSD	+0.0232%	1h	787.43	+0.037%	$28K	$3K	10x	as long as short
Reya BNBRUSDPERP	+0.0319%	1h	786.66	−0.061%	$6K	$3K	40x	as long as short
RISEx BNB/USDC	+0.0355%	1h	787.27	+0.017%	$1.1M	$887K	20x	as long as short
Hibachi BNB/USDT-P	+0.0408%	1h	786.60	−0.069%	$67K	$39K	12x	as long as short