Funding you earn now, next payment 02:00 UTC−0.0276%/8h= −30.2% APRpaid last 24h −0.044%
Price spread now: KuCoin against Backpack−0.144%7-day average −0.137% · you buy dearer than you sell
Net, funding: paid 7d − costs−$51as in the Funding arb table
Net, price: spread back to 7d avg − costs−$37as in the Price arb table
costs, in and out, $10k−$370.365% of the position
Funding, last 7 days−0.143%−$14 on $10k
+Price spread, last 7 days+0.281%+$28 · spread now −0.144%, 7d avg −0.137%
=The price spread sits at its 7-day average of −0.137%, so right now this pair is about funding alone: −$8 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.143% in total (about -7.4% a year). A funding rate is set anew for every payment. 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 | Backpack BNB_USDC_PERP | 794.24 | 0.0376 | pay 0.0047% / 1h | 43m 12s | $2.7M | $5.7M | 40x |
| Short | KuCoin BNBUSDTM | 793.10 | 0.0100 | get 0.0100% / 8h | 6h 43m | $27.7M | $10.0M | 75x |
Backpack BNB_USDC_PERP
KuCoin BNBUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin against Backpack. 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
- −$57.95
- Price spread: −0.144% → −0.137%
- −$0.7
- Slippage, 4 orders
- −$14.52
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$95.17
- Costs to cover
- 0.365%
- Break-even
- never at this rate
Slippage from Backpack: live order book, 1 min ago; KuCoin: live order book, 11 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 Backpack live order book, 1 min ago | 0.44 bp | 6.5 bp −$7 | 9.8 bp −$98 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 11 min ago | 0.57 bp | 12.2 bp −$12 | 19.4 bp −$194 | 49.5 bp −$4,947 | doesn't fit |
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 −0.0167% / S +0.0335% | 1h | 793.27 | −0.122% | $46K | — | 200x | as long as short |
| Kraken Futures PF_BNBUSD | −0.0132% | 1h | 793.02 | −0.154% | $2.5M | $1.0M | 50x | as long as short |
| Hotstuff BNB-PERP | −0.0080% | 1h | 793.65 | −0.074% | $4K | $239 | 25x | as long as short |
| Gate BNB_USDT | −0.0009% | 8h | 793.10 | −0.144% | $35.4M | $55.4M | 75x | as long as short |
| StandX BNB-USD | 0.0000% | 1h | 793.84 | −0.050% | $858K | $3.1M | 30x | as long as short |
| gTrade (Gains Network) BNB/USD | L +0.0008% / S −0.0007% | 1h | 793.25 | −0.125% | $9.7M | — | 150x | as long as short |
| Variational Omni BNB | +0.0010% | 8h | 792.53 | −0.216% | $4.1M | $5.0M | — | as long as short |
| GRVT BNB_USDT_Perp | +0.0011% | 8h | 793.23 | −0.127% | $3.0M | $28.4M | 10x | as long as short |
| Phemex BNBUSDT | +0.0018% | 8h | 793.54 | −0.088% | $69.3M | $50.3M | 50x | as long as short |
| Aster BNBUSDT | +0.0031% | 8h | 793.87 | −0.047% | $6.1M | $19.9M | 200x | as long as short |
GMX BNB/USD [WBTC.b-USDC]
Kraken Futures PF_BNBUSD
Hotstuff BNB-PERP
Gate BNB_USDT
StandX BNB-USD
gTrade (Gains Network) BNB/USD
Variational Omni BNB
GRVT BNB_USDT_Perp
Phemex BNBUSDT
Aster BNBUSDTShow all 46 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective BNB/USDC PERP | +0.0033% | 1h | 805.09 | +1.366% | $19K | $789K | 30x | as long as short |
| dYdX BNB-USD | +0.0039% | 1h | 793.18 | −0.133% | $160K | $63K | 10x | as long as short |
| BingX BNB-USDT | +0.0050% | 8h | 793.34 | −0.113% | — | $34.9M | — | as long as short |
| Coinbase International BNB-PERP-INTX | +0.0056% | 1h | 792.52 | −0.217% | $608K | $1.1M | 50x | as long as short |
| MEXC BNB_USDT | +0.0061% | 8h | 794.10 | −0.018% | $82.3M | $12.7M | 200x | as long as short |
| Binance BNBUSDT | +0.0061% | 8h | 793.46 | −0.098% | $493.3M | $816.1M | 75x | as long as short |
| Phoenix BNB | +0.0088% | 1h | 793.02 | −0.154% | $170K | $36K | 10x | as long as short |
| Lighter BNB | +0.0096% | 1h | 793.23 | −0.128% | $2.8M | $3.9M | 20x | as long as short |
| Orderly PERP_BNB_USDC | +0.0100% | 8h | 793.06 | −0.149% | $383K | $409K | 50x | as long as short |
| Nado BNB-PERP | +0.0100% | 1h | 793.25 | −0.125% | $1.4M | $2.7M | 20x | as long as short |
| Pacifica BNB | +0.0100% | 1h | 793.70 | −0.068% | $1.2M | $932K | 20x | as long as short |
| Bybit BNBUSDT | +0.0100% | 8h | 792.80 | −0.181% | $138.1M | $77.1M | 75x | as long as short |
| OKX BNB-USDT-SWAP | +0.0100% | 8h | 792.30 | −0.244% | $53.2M | $111.0M | 50x | as long as short |
| Arcus BNB-USD | +0.0100% | 1h | 793.50 | −0.093% | $52K | $134K | 10x | as long as short |
| KuCoin BNBUSDTMshort | +0.0100% | 8h | 793.10 | −0.144% | $27.7M | $10.0M | 75x | |
| Bitget BNBUSDT | +0.0100% | 8h | 793.21 | −0.130% | $77.4M | $28.3M | 75x | as long as short |
| edgeX BNBUSDC | +0.0100% | 4h | 793.14 | −0.138% | $4.1M | $76.9M | 30x | as long as short |
| ApeX Omni BNBUSDT | +0.0100% | 1h | 793.32 | −0.116% | $160K | $435K | 50x | as long as short |
| Polymarket Perps BNB-USD | +0.0100% | 1h | 793.25 | −0.125% | $111K | $889K | 10x | as long as short |
| Derive BNB-PERP | +0.0100% | 1h | 793.23 | −0.127% | $32K | $9K | 10x | as long as short |
| SunX BNB-USDT | +0.0100% | 8h | 794.07 | −0.022% | $13K | $1.6M | 50x | as long as short |
| SoDEX BNB-USD | +0.0100% | 1h | 793.20 | −0.131% | $390K | $995K | 10x | as long as short |
| HTX BNB-USDT | +0.0100% | 8h | 793.04 | −0.151% | $8.1M | $8.7M | 75x | as long as short |
| Paradex BNB-USD-PERP | +0.0100% | 8h | 793.89 | −0.044% | $77K | $17K | 50x | as long as short |
| Extended BNB-USD | +0.0104% | 1h | 792.80 | −0.181% | $1.7M | $6.0M | 50x | as long as short |
| Aevo BNB-PERP | +0.0104% | 1h | 793.15 | −0.137% | $381K | $110K | 10x | as long as short |
| Hyperliquid BNB | +0.0121% | 1h | 793.92 | −0.040% | $52.6M | $19.9M | 10x | as long as short |
| RISEx BNB/USDC | +0.0131% | 1h | 793.47 | −0.097% | $1.1M | $1.4M | 20x | as long as short |
| Kalshi KXBNBPERP | +0.0160% | 8h | 793.80 | −0.055% | $111K | $2.8M | 4.8x | as long as short |
| Bulk BNB-USD | +0.0167% | 1h | 793.21 | −0.130% | $644K | $10K | 10x | as long as short |
| BloFin BNB-USDT | +0.0182% | 8h | 794.06 | −0.023% | $18.1M | $2.5M | 75x | as long as short |
| 01 Exchange BNBUSD | +0.0240% | 1h | 793.90 | −0.043% | $28K | $2K | 10x | as long as short |
| Reya BNBRUSDPERP | +0.0329% | 1h | 793.06 | −0.149% | $6K | $3K | 40x | as long as short |
| Backpack BNB_USDC_PERPlong | +0.0376% | 1h | 794.24 | long leg | $2.7M | $5.7M | 40x | |
| Deribit BNB_USDC-PERPETUAL | +0.0400% | 1h | 793.58 | −0.083% | $1.6M | $161K | 25x | as long as short |
| Hibachi BNB/USDT-P | +0.0480% | 1h | 792.90 | −0.169% | $68K | $38K | 12x | as long as short |
Injective BNB/USDC PERP
dYdX BNB-USD
BingX BNB-USDT
Coinbase International BNB-PERP-INTX
MEXC BNB_USDT
Binance BNBUSDT
Phoenix BNB
Lighter BNB
Orderly PERP_BNB_USDC
Nado BNB-PERP
Pacifica BNB
Bybit BNBUSDT
OKX BNB-USDT-SWAP
Arcus BNB-USD
Bitget BNBUSDT
edgeX BNBUSDC
ApeX Omni BNBUSDT
Polymarket Perps BNB-USD
Derive BNB-PERP
SunX BNB-USDT
SoDEX BNB-USD
HTX BNB-USDT
Paradex BNB-USD-PERP
Extended BNB-USD
Aevo BNB-PERP
Hyperliquid BNB
RISEx BNB/USDC
Kalshi KXBNBPERP
Bulk BNB-USD
BloFin BNB-USDT
01 Exchange BNBUSD
Reya BNBRUSDPERP
Deribit BNB_USDC-PERPETUAL
Hibachi BNB/USDT-P