BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0263%/8h= +28.8% APRnext payment +$0.33 per $10,000 · paid last 24h +0.035%

Price spread now: Kraken Futures against StandX−0.029%46s7-day average −0.060% · you buy dearer than you sell

Net, funding: paid 7d − costs−$29as 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−$400.402% of the position

Long on StandX Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.116%+$12 on $10k

Price spread, last 4 days (all we have)−0.157%−$16 · spread now −0.029%, 7d avg −0.060%

Together, before fees−0.041%+ Points / potential airdropStandX: Active · farm board−$4 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and Kraken Futures is 0.031% dearer against StandX than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.060%. The two prices were read 46 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 0.116% in total (about 6.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.33 per $10,000. 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	StandX BNB-USD	789.27	0	get 0.0000% / 1h	12m 18s	$851K	$3.2M	30x
Short	Kraken Futures PF_BNBUSD	789.04	0.0263	get 0.0033% / 1h	12m 18s	$2.5M	$1.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against StandX. 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 StandXbpFee Kraken FuturesbpOrdersPrice spread, now −0.029%Rate

Funding earned: $55.31
Price spread: −0.029% → −0.060%: $3.12
Slippage, 4 orders: −$22.15
Fee StandX: 4 bp × 2 orders: −$8
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $18.28
Costs to cover: 0.402%
Break-even: 4.7 days

Slippage from StandX: live order book, 2 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 StandX live order book, 2 min ago	4.81 bp	10.9 bp −$11	13.7 bp −$137	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 1 min ago	3.48 bp	9.6 bp −$10	14.5 bp −$145	35.6 bp −$3,556	144.6 bp −$72.3K

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 −0.0188% / S +0.0353%	1h	788.95	−0.041%	$46K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	789.30	+0.004%	$4K	$42	25x	as long as short
StandX BNB-USDlong	0.0000%	1h	789.27	long leg	$851K	$3.2M	30x
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	788.96	−0.039%	$9.5M	—	150x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.004%	$19K	$789K	30x	as long as short
Aster BNBUSDT	+0.0036%	8h	789.55	+0.035%	$6.1M	$18.7M	200x	as long as short
BingX BNB-USDT	+0.0049%	8h	789.13	−0.018%	—	$34.4M	—	as long as short
Phemex BNBUSDT	+0.0053%	8h	789.65	+0.048%	$69.1M	$50.0M	50x	as long as short
MEXC BNB_USDT	+0.0059%	8h	789.80	+0.067%	$80.1M	$12.4M	200x	as long as short
Binance BNBUSDT	+0.0059%	8h	789.58	+0.039%	$492.7M	$789.7M	75x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International BNB-PERP-INTX	+0.0064%	1h	789.45	+0.023%	$582K	$1.9M	50x	as long as short
Lighter BNB	+0.0096%	1h	789.13	−0.017%	$2.7M	$3.9M	20x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	789.04	−0.029%	$265K	$492K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	788.80	−0.060%	$1.5M	$2.6M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	789.56	+0.037%	$51.8M	$17.6M	10x	as long as short
Pacifica BNB	+0.0100%	1h	789.12	−0.019%	$1.2M	$931K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	788.82	−0.057%	$138.8M	$74.1M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	788.90	−0.047%	$53.4M	$111.3M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	789.20	−0.009%	$52K	$130K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	789.00	−0.034%	$35.5M	$57.5M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	788.79	−0.061%	$28.1M	$10.4M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	788.74	−0.067%	$76.3M	$30.2M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	789.49	+0.028%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	788.31	−0.121%	$4.1M	$4.6M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	789.25	−0.003%	$4.1M	$73.4M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	789.32	+0.006%	$159K	$440K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	788.76	−0.065%	$133K	$950K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	789.15	−0.015%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	789.55	+0.036%	$12K	$1.5M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	789.30	+0.004%	$388K	$1.0M	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	788.63	−0.080%	$8.1M	$9.5M	75x	as long as short
Paradex BNB-USD-PERP	+0.0101%	8h	789.33	+0.008%	$77K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	788.58	−0.087%	$1.8M	$5.9M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	789.03	−0.030%	$379K	$110K	10x	as long as short
Phoenix BNB	+0.0117%	1h	789.14	−0.016%	$170K	$35K	10x	as long as short
dYdX BNB-USD	+0.0118%	1h	788.65	−0.078%	$160K	$64K	10x	as long as short
GRVT BNB_USDT_Perp	+0.0152%	8h	789.61	+0.043%	$2.9M	$28.6M	10x	as long as short
Kalshi KXBNBPERP	+0.0175%	8h	789.60	+0.042%	$126K	$2.7M	4.8x	as long as short
BloFin BNB-USDT	+0.0180%	8h	789.48	+0.027%	$18.1M	$2.2M	75x	as long as short
Bulk BNB-USD	+0.0216%	1h	789.05	−0.028%	$639K	$9K	10x	as long as short
01 Exchange BNBUSD	+0.0232%	1h	789.47	+0.025%	$28K	$4K	10x	as long as short
Kraken Futures PF_BNBUSDshort	+0.0263%	1h	789.04	−0.029%	$2.5M	$1.2M	50x
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	789.50	+0.029%	$1.5M	$143K	25x	as long as short
Reya BNBRUSDPERP	+0.0326%	1h	788.65	−0.079%	$6K	$3K	40x	as long as short
Hibachi BNB/USDT-P	+0.0376%	1h	789.34	+0.009%	$67K	$38K	12x	as long as short
RISEx BNB/USDC	+0.0461%	1h	789.26	−0.001%	$1.1M	$967K	20x	as long as short