BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0150%/8h= −16.5% APRnext payment −$0.19 per $10,000 · paid last 24h −0.004%

Price spread now: Kraken Futures against Arcus−0.044%7-day average −0.102% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$34as in the Price arb table

costs, in and out, $10k−$390.393% of the position

Long on Arcus Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.084%−$8 on $10k

Price spread, last 4 days (all we have)−0.109%−$11 · spread now −0.044%, 7d avg −0.102%

Together, before fees−0.193%−$19 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Kraken Futures is 0.058% dearer against Arcus than usual: you sell high and buy low (spread −0.044% now, against its 7-day average of −0.102%): +$6 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 31 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus BNB-USD	785.40	0.0100	pay 0.0013% / 1h	13m 02s	$52K	$125K	10x
Short	Kraken Futures PF_BNBUSD	785.05	−0.0050	pay 0.0006% / 1h	13m 02s	$2.5M	$1.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Arcus. 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 ArcusbpFee Kraken FuturesbpOrdersPrice spread, now −0.044%Rate

Funding earned: −$31.55
Price spread: −0.044% → −0.102%: $5.77
Slippage, 4 orders: −$24.8
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$65.08
Costs to cover: 0.393%
Break-even: never at this rate

Slippage from Arcus: live order book, 25 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 Arcus live order book, 25 min ago	3.18 bp	8.0 bp −$8	26.2 bp −$262	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 1 min ago	3.12 bp	11.7 bp −$12	15.2 bp −$152	30.2 bp −$3,023	84.0 bp −$42.0K

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 −0.0168% / S +0.0337%	1h	784.52	−0.112%	$43K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	784.94	−0.059%	$4K	$42	25x	as long as short
Kraken Futures PF_BNBUSDshort	−0.0050%	1h	785.05	−0.044%	$2.5M	$1.2M	50x
Kalshi KXBNBPERP	0.0000%	8h	785.70	+0.038%	$170K	$2.7M	4.8x	as long as short
StandX BNB-USD	0.0000%	1h	785.34	−0.008%	$847K	$2.7M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	785.16	−0.030%	$9.5M	—	150x	as long as short
Aster BNBUSDT	+0.0033%	8h	785.64	+0.030%	$6.0M	$18.7M	200x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.507%	$19K	$789K	30x	as long as short
BingX BNB-USDT	+0.0038%	8h	785.16	−0.031%	—	$22.1M	—	as long as short
MEXC BNB_USDT	+0.0048%	8h	786.30	+0.115%	$80.9M	$12.0M	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	+0.0048%	8h	785.63	+0.030%	$488.4M	$814.3M	75x	as long as short
Phemex BNBUSDT	+0.0076%	8h	785.71	+0.039%	$68.6M	$51.0M	50x	as long as short
Lighter BNB	+0.0096%	1h	785.28	−0.015%	$2.7M	$3.8M	20x	as long as short
Phoenix BNB	+0.0100%	1h	785.66	+0.033%	$158K	$35K	10x	as long as short
Nado BNB-PERP	+0.0100%	1h	784.90	−0.064%	$1.4M	$2.7M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	785.48	+0.010%	$51.5M	$17.7M	10x	as long as short
Pacifica BNB	+0.0100%	1h	785.45	+0.006%	$1.2M	$938K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	784.89	−0.065%	$138.1M	$74.0M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	784.90	−0.064%	$53.4M	$111.8M	50x	as long as short
Arcus BNB-USDlong	+0.0100%	1h	785.40	long leg	$52K	$125K	10x
Gate BNB_USDT	+0.0100%	8h	785.00	−0.051%	$38.3M	$58.6M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	784.83	−0.073%	$27.6M	$10.2M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	784.75	−0.083%	$75.3M	$32.5M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	785.31	−0.011%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	784.43	−0.124%	$4.0M	$4.7M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	785.04	−0.046%	$4.1M	$76.7M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	785.13	−0.034%	$158K	$437K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	785.07	−0.042%	$131K	$942K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	785.20	−0.025%	$264K	$388K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	785.04	−0.046%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	785.82	+0.053%	$12K	$1.5M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	785.30	−0.013%	$386K	$963K	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	785.18	−0.028%	$8.0M	$10.3M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	785.72	+0.041%	$78K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	784.76	−0.082%	$1.8M	$5.8M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	785.29	−0.014%	$377K	$110K	10x	as long as short
Coinbase International BNB-PERP-INTX	+0.0104%	1h	785.03	−0.047%	$545K	$1.9M	50x	as long as short
dYdX BNB-USD	+0.0117%	1h	784.99	−0.052%	$159K	$62K	10x	as long as short
BloFin BNB-USDT	+0.0168%	8h	785.67	+0.034%	$17.7M	$2.2M	75x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0200%	1h	785.59	+0.024%	$1.5M	$141K	25x	as long as short
GRVT BNB_USDT_Perp	+0.0216%	8h	785.20	−0.026%	$2.9M	$28.2M	10x	as long as short
Bulk BNB-USD	+0.0231%	1h	784.93	−0.060%	$636K	$831	10x	as long as short
01 Exchange BNBUSD	+0.0248%	1h	785.82	+0.053%	$28K	$4K	10x	as long as short
Reya BNBRUSDPERP	+0.0320%	1h	784.93	−0.060%	$6K	$3K	40x	as long as short
RISEx BNB/USDC	+0.0350%	1h	785.44	+0.005%	$1.1M	$909K	20x	as long as short
Hibachi BNB/USDT-P	+0.0448%	1h	785.00	−0.051%	$67K	$39K	12x	as long as short