BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0225%/8h= −24.6% APRnext payment −$0.28 per $10,000 · paid last 24h +0.014%

Price spread now: Kraken Futures against Aevo+0.101%55s7-day average −0.018% · you sell dearer than you buy

Net, funding: paid 7d − costs−$63as 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−$530.530% of the position

Long on Aevo Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days−0.097%−$10 on $10k

Price spread, last 3 days (all we have)−0.129%−$13 · spread now +0.101%, 7d avg −0.018%

Together, before fees−0.226%−$23 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Kraken Futures is 0.119% dearer against Aevo than usual: you sell high and buy low (spread +0.101% now, against its 7-day average of −0.018%): +$12 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 42 hours. At the pace of the last 7 days (−0.097% in total) that is about 8.6 days. The two prices were read 55 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 -0.097% in total (about -5.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.28 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	Aevo BNB-PERP	796.09	0.0104	pay 0.0013% / 1h	3m 18s	$382K	$110K	10x
Short	Kraken Futures PF_BNBUSD	796.89	−0.0121	pay 0.0015% / 1h	3m 18s	$2.5M	$1.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Aevo. 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 AevobpFee Kraken FuturesbpOrdersPrice spread, now +0.101%Rate

Funding earned: −$47.22
Price spread: +0.101% → −0.018%: $11.92
Slippage, 4 orders: −$27.03
Fee Aevo: 8 bp × 2 orders: −$16
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$88.33
Costs to cover: 0.530%
Break-even: never at this rate

Slippage from Aevo: live order book, 6 min ago; Kraken Futures: live order book, 5 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 Aevo live order book, 6 min ago	3.13 bp	15.7 bp −$16	19.7 bp −$197	23.2 bp −$2,321	doesn't fit
Sell Kraken Futures live order book, 5 min ago	5.14 bp	11.2 bp −$11	17.0 bp −$170	32.0 bp −$3,204	132.2 bp −$66.1K

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 −0.0159% / S +0.0335%	1h	795.94	−0.019%	$47K	—	200x	as long as short
Kraken Futures PF_BNBUSDshort	−0.0121%	1h	796.89	+0.101%	$2.5M	$1.0M	50x
Hotstuff BNB-PERP	−0.0080%	1h	796.50	+0.052%	$4K	$239	25x	as long as short
Gate BNB_USDT	−0.0002%	8h	795.70	−0.049%	$35.8M	$57.3M	75x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	797.56	+0.185%	$3.0M	$27.9M	10x	as long as short
StandX BNB-USD	0.0000%	1h	798.24	+0.270%	$863K	$3.0M	30x	as long as short
Phemex BNBUSDT	0.0000%	8h	797.49	+0.176%	$69.6M	$50.2M	50x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	796.02	−0.008%	$9.7M	—	150x	as long as short
Variational Omni BNB	+0.0009%	8h	796.50	+0.052%	$4.1M	$5.1M	—	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+1.131%	$19K	$789K	30x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster BNBUSDT	+0.0044%	8h	796.34	+0.031%	$6.1M	$19.6M	200x	as long as short
Coinbase International BNB-PERP-INTX	+0.0048%	1h	797.60	+0.190%	$610K	$1.1M	50x	as long as short
BingX BNB-USDC	+0.0057%	8h	796.41	+0.040%	—	$13.3M	—	as long as short
Binance BNBUSDT	+0.0068%	8h	796.52	+0.054%	$495.8M	$813.2M	75x	as long as short
Bybit BNBUSDT	+0.0068%	8h	795.80	−0.036%	$138.5M	$76.4M	75x	as long as short
MEXC BNB_USDT	+0.0069%	8h	797.00	+0.114%	$82.8M	$13.7M	200x	as long as short
Lighter BNB	+0.0096%	1h	796.64	+0.069%	$2.8M	$4.0M	20x	as long as short
Phoenix BNB	+0.0099%	1h	797.27	+0.148%	$171K	$36K	10x	as long as short
Nado BNB-PERP	+0.0100%	1h	796.20	+0.014%	$1.4M	$2.7M	20x	as long as short
Pacifica BNB	+0.0100%	1h	796.57	+0.061%	$1.2M	$930K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	795.90	−0.024%	$54.0M	$110.7M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	796.40	+0.039%	$52K	$127K	10x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	795.91	−0.022%	$27.8M	$10.0M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	795.66	−0.054%	$77.9M	$28.1M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	797.71	+0.204%	$4.1M	$76.3M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	798.08	+0.250%	$161K	$436K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	796.05	−0.005%	$111K	$887K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	796.10	+0.001%	$385K	$468K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	796.26	+0.021%	$32K	$9K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	797.83	+0.219%	$13K	$1.6M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	797.30	+0.152%	$392K	$995K	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	796.96	+0.110%	$8.2M	$8.4M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	796.88	+0.099%	$78K	$18K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	795.72	−0.047%	$1.8M	$6.0M	50x	as long as short
Aevo BNB-PERPlong	+0.0104%	1h	796.09	long leg	$382K	$110K	10x
Bulk BNB-USD	+0.0133%	1h	798.69	+0.327%	$649K	$10K	10x	as long as short
RISEx BNB/USDC	+0.0155%	1h	796.11	+0.002%	$1.1M	$1.4M	20x	as long as short
Kalshi KXBNBPERP	+0.0164%	8h	797.90	+0.227%	$104K	$2.8M	4.8x	as long as short
dYdX BNB-USD	+0.0188%	1h	796.05	−0.004%	$161K	$63K	10x	as long as short
BloFin BNB-USDT	+0.0190%	8h	797.60	+0.190%	$18.1M	$2.5M	75x	as long as short
01 Exchange BNBUSD	+0.0200%	1h	796.79	+0.088%	$28K	$1K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0200%	1h	797.76	+0.210%	$1.6M	$161K	25x	as long as short
Hyperliquid BNB	+0.0279%	1h	796.98	+0.112%	$53.0M	$20.1M	10x	as long as short
Reya BNBRUSDPERP	+0.0329%	1h	795.80	−0.037%	$6K	$3K	40x	as long as short
Hibachi BNB/USDT-P	+0.0400%	1h	797.86	+0.222%	$68K	$38K	12x	as long as short
Backpack BNB_USDC_PERP	+0.0426%	1h	797.55	+0.184%	$2.7M	$5.7M	40x	as long as short