After costs, if the gap returns to its 7d average, $10k−$34
spread now+0.059%7d average+0.091%fees + slippage, in and out−$31spread needed0.311%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_BNBUSD | 799.26 | 0.0041 | pay 0.0005% / 1h | 20m 54s | $2.5M | $914K | 50x |
| Short | Binance BNBUSDT | 799.73 | 0.0107 | get 0.0107% / 8h | 5h 20m | $516.3M | $800.7M | 75x |
Price spread history
latest
Range statsloading…
How often the spread is this wide
share of time at each level, last 7DBacktest
opened in the past, held until now, after costsProfit calculator
- Spread captured
- $5.85
- Funding while held
- $1.96
- Slippage, 4 orders
- −$11.09
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$23.28
- Spread needed to break even
- 0.311%
Slippage from Kraken Futures: live order book, 4 min ago; Binance: live order book, 9 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0065%
- Per $10,000 a day
- +$1.96
- Average in range /8h
- —
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 Kraken Futures live order book, 4 min ago | 2.75 bp | 10.5 bp −$10 | 15.6 bp −$156 | 31.6 bp −$3,163 | 79.3 bp −$39.6K |
| Sell Binance live order book, 9 min ago | 0.06 bp | 5.1 bp −$5 | 6.9 bp −$69 | 15.4 bp −$1,545 | doesn't fit |
BNB price on every exchange
against the cheapest. Click to use as the short leg.BNB on 45 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Nado BNB-PERP | −0.151% | +0.0100% | 1h | $1.4M | $2.8M | 20x | as long as short |
| Extended BNB-USD | −0.080% | +0.0104% | 1h | $1.8M | $6.2M | 50x | as long as short |
| Injective BNB/USDC PERP | −0.076% | +0.0033% | 1h | $19K | $387K | 30x | as long as short |
| Reya BNBRUSDPERP | −0.075% | +0.0333% | 1h | $9K | — | 40x | as long as short |
| Bitget BNBUSDT | −0.074% | +0.0100% | 8h | $78.1M | $24.6M | 75x | as long as short |
| KuCoin BNBUSDTM | −0.073% | +0.0100% | 8h | $27.9M | $10.4M | 75x | as long as short |
| OKX BNB-USDT-SWAP | −0.058% | +0.0100% | 8h | $55.0M | $115.8M | 50x | as long as short |
| Polymarket Perps BNB-USD | −0.048% | +0.0100% | 1h | $120K | $883K | 10x | as long as short |
| Bybit BNBUSDT | −0.045% | +0.0093% | 8h | $138.1M | $89.4M | 75x | as long as short |
| Arcus BNB-USD | −0.045% | +0.0100% | 1h | $52K | $220K | 10x | as long as short |
Show all 45 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Gate BNB_USDT | −0.045% | +0.0100% | 8h | $35.8M | $60.8M | 75x | as long as short |
| HTX BNB-USDT | −0.038% | +0.0100% | 8h | $8.2M | $6.7M | 75x | as long as short |
| Pacifica BNB | −0.034% | +0.0100% | 1h | $1.2M | $917K | 20x | as long as short |
| RISEx BNB/USDC | −0.028% | +0.0118% | 1h | $1.1M | $1.4M | 20x | as long as short |
| dYdX BNB-USD | −0.020% | +0.0401% | 1h | $173K | $51K | 10x | as long as short |
| BingX BNB-USDC | −0.019% | +0.0065% | 8h | — | $13.2M | — | as long as short |
| SoDEX BNB-USD | −0.007% | +0.0111% | 1h | $393K | $1.0M | 10x | as long as short |
| GMX BNB/USD [WBTC.b-USDC] | −0.006% | L −0.0197% / S +0.0371% | 1h | $48K | — | 200x | as long as short |
| Hotstuff BNB-PERP | −0.001% | −0.0080% | 1h | $4K | $1K | 25x | as long as short |
| Orderly PERP_BNB_USDC | −0.001% | +0.0100% | 8h | $386K | $680K | 50x | as long as short |
| gTrade (Gains Network) BNB/USD | 0.000% | L +0.0008% / S −0.0008% | 1h | $9.7M | — | 150x | as long as short |
| Kraken Futures PF_BNBUSDlong | 0.000% | +0.0041% | 1h | $2.5M | $914K | 50x | |
| Kalshi KXBNBPERP | +0.005% | +0.0102% | 8h | $109K | $2.8M | 4.8x | as long as short |
| Coinbase International BNB-PERP-INTX | +0.008% | +0.0064% | 1h | $600K | $919K | 50x | as long as short |
| StandX BNB-USD | +0.010% | 0.0000% | 1h | $864K | $3.2M | 30x | as long as short |
| Derive BNB-PERP | +0.017% | +0.0100% | 1h | $32K | $5K | 10x | as long as short |
| 01 Exchange BNBUSD | +0.033% | +0.0312% | 1h | $28K | $1K | 10x | as long as short |
| Paradex BNB-USD-PERP | +0.033% | +0.0100% | 8h | $78K | $19K | 50x | as long as short |
| Aevo BNB-PERP | +0.033% | +0.0104% | 1h | $384K | $40K | 10x | as long as short |
| Variational Omni BNB | +0.041% | +0.0051% | 8h | $4.1M | $5.9M | — | as long as short |
| Lighter BNB | +0.042% | +0.0096% | 1h | $3.0M | $3.9M | 20x | as long as short |
| Aster BNBUSDT | +0.046% | +0.0099% | 8h | $6.3M | $18.9M | 200x | as long as short |
| Hibachi BNB/USDT-P | +0.049% | +0.0280% | 1h | $71K | $47K | 12x | as long as short |
| Phoenix BNB | +0.054% | +0.0119% | 1h | $170K | $28K | 10x | as long as short |
| Phemex BNBUSDT | +0.054% | +0.0104% | 8h | $70.1M | $51.2M | 50x | as long as short |
| Bulk BNB-USD | +0.055% | +0.0117% | 1h | $649K | $83K | 10x | as long as short |
| Deribit BNB_USDC-PERPETUAL | +0.056% | +0.0400% | 1h | $1.6M | $168K | 25x | as long as short |
| Binance BNBUSDTshort | +0.059% | +0.0107% | 8h | $516.3M | $800.7M | 75x | |
| BloFin BNB-USDT | +0.063% | +0.0227% | 8h | $19.1M | $3.1M | 75x | as long as short |
| Hyperliquid BNB | +0.063% | +0.0260% | 1h | $51.2M | $21.4M | 10x | as long as short |
| SunX BNB-USDT | +0.065% | +0.0100% | 8h | $13K | $1.7M | 50x | as long as short |
| ApeX Omni BNBUSDT | +0.073% | +0.0100% | 1h | $158K | $437K | 50x | as long as short |
| edgeX BNBUSDC | +0.094% | +0.0100% | 4h | $4.2M | $76.9M | 30x | as long as short |
| MEXC BNB_USDT | +0.105% | +0.0106% | 8h | $84.1M | $16.2M | 200x | as long as short |
| Backpack BNB_USDC_PERP | +0.110% | +0.0535% | 1h | $2.9M | $5.2M | 40x | as long as short |
Kraken Futures PF_BNBUSD
Binance BNBUSDT
Extended
Injective
Bitget
KuCoin
OKX
Polymarket Perps
Bybit
Gate
HTX
Pacifica
RISEx
BingX
SoDEX
GMX
gTrade (Gains Network)
Coinbase International
StandX
Derive
Paradex
Variational Omni
Lighter
Aster
Phoenix
Phemex
Bulk
Deribit
BloFin
Hyperliquid
SunX
ApeX Omni
MEXC
Backpack