After costs, if the gap returns to its 7d average, $10k−$34
spread now−0.011%7d average−0.033%fees + slippage, in and out−$37spread needed0.366%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_BNBUSD | 796.83 | 0.0217 | pay 0.0027% / 1h | 16m 39s | $2.5M | $915K | 50x |
| Short | Bitget BNBUSDT | 796.74 | 0.0100 | get 0.0100% / 8h | 7h 16m | $77.7M | $25.4M | 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
- −$1.07
- Funding while held
- −$3.51
- Slippage, 4 orders
- −$14.55
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$41.13
- Spread needed to break even
- 0.366%
Slippage from Kraken Futures: live order book, 3 min ago; Bitget: live order book, 4 min ago.
Cost of waiting
funding view- Funding /8h
- −0.0117%
- Per $10,000 a day
- −$3.51
- 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, 3 min ago | 3.90 bp | 11.1 bp −$11 | 17.6 bp −$176 | 38.2 bp −$3,817 | 100.5 bp −$50.3K |
| Sell Bitget live order book, 4 min ago | 0.06 bp | 7.9 bp −$8 | 10.2 bp −$102 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|
| Coinbase International BNB-PERP-INTX | −0.269% | +0.0064% | 1h | $600K | $922K | 50x | as long as short |
| ApeX Omni BNBUSDT | −0.163% | +0.0100% | 1h | $157K | $437K | 50x | as long as short |
| edgeX BNBUSDC | −0.149% | +0.0100% | 4h | $4.1M | $77.8M | 30x | as long as short |
| StandX BNB-USD | −0.117% | 0.0000% | 1h | $861K | $3.4M | 30x | as long as short |
| HTX BNB-USDT | −0.083% | +0.0100% | 8h | $8.1M | $6.0M | 75x | as long as short |
| Reya BNBRUSDPERP | −0.081% | +0.0329% | 1h | $9K | — | 40x | as long as short |
| Nado BNB-PERP | −0.078% | +0.0100% | 1h | $1.5M | $2.9M | 20x | as long as short |
| Hibachi BNB/USDT-P | −0.066% | +0.0200% | 1h | $71K | $47K | 12x | as long as short |
| Polymarket Perps BNB-USD | −0.057% | +0.0100% | 1h | $120K | $878K | 10x | as long as short |
| Phoenix BNB | −0.046% | +0.0145% | 1h | $170K | $31K | 10x | as long as short |
Show all 45 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| BingX BNB-USDC | −0.036% | +0.0023% | 8h | — | $13.2M | — | as long as short |
| Variational Omni BNB | −0.031% | +0.0035% | 8h | $4.0M | $6.4M | — | as long as short |
| KuCoin BNBUSDTM | −0.027% | +0.0100% | 8h | $27.8M | $10.6M | 75x | as long as short |
| Bitget BNBUSDTshort | −0.011% | +0.0100% | 8h | $77.7M | $25.4M | 75x | |
| Bybit BNBUSDT | −0.007% | +0.0009% | 8h | $138.9M | $92.4M | 75x | as long as short |
| Gate BNB_USDT | −0.003% | +0.0099% | 8h | $36.1M | $60.6M | 75x | as long as short |
| Kraken Futures PF_BNBUSDlong | 0.000% | +0.0217% | 1h | $2.5M | $915K | 50x | |
| Extended BNB-USD | +0.002% | +0.0104% | 1h | $1.7M | $6.2M | 50x | as long as short |
| gTrade (Gains Network) BNB/USD | +0.007% | L +0.0008% / S −0.0008% | 1h | $9.7M | — | 150x | as long as short |
| OKX BNB-USDT-SWAP | +0.009% | +0.0100% | 8h | $54.3M | $116.8M | 50x | as long as short |
| SoDEX BNB-USD | +0.009% | +0.0100% | 1h | $392K | $1.0M | 10x | as long as short |
| Kalshi KXBNBPERP | +0.009% | 0.0000% | 8h | $194K | $2.8M | 4.8x | as long as short |
| Aevo BNB-PERP | +0.010% | +0.0104% | 1h | $383K | $37K | 10x | as long as short |
| GMX BNB/USD [WBTC.b-USDC] | +0.012% | L −0.0185% / S +0.0362% | 1h | $48K | — | 200x | as long as short |
| dYdX BNB-USD | +0.015% | +0.0531% | 1h | $173K | $53K | 10x | as long as short |
| Derive BNB-PERP | +0.020% | +0.0100% | 1h | $32K | $5K | 10x | as long as short |
| Phemex BNBUSDT | +0.021% | +0.0165% | 8h | $70.0M | $51.9M | 50x | as long as short |
| Orderly PERP_BNB_USDC | +0.022% | +0.0100% | 8h | $321K | $660K | 50x | as long as short |
| Backpack BNB_USDC_PERP | +0.033% | +0.0100% | 1h | $2.1M | $3.9M | 40x | as long as short |
| SunX BNB-USDT | +0.040% | +0.0100% | 8h | $13K | $1.8M | 50x | as long as short |
| Lighter BNB | +0.043% | +0.0096% | 1h | $2.6M | $3.4M | 20x | as long as short |
| Hotstuff BNB-PERP | +0.047% | −0.0080% | 1h | $4K | $1K | 25x | as long as short |
| Pacifica BNB | +0.051% | +0.0100% | 1h | $1.2M | $912K | 20x | as long as short |
| Arcus BNB-USD | +0.060% | +0.0100% | 1h | $52K | $245K | 10x | as long as short |
| BloFin BNB-USDT | +0.062% | +0.0238% | 8h | $19.1M | $3.0M | 75x | as long as short |
| Deribit BNB_USDC-PERPETUAL | +0.066% | +0.0300% | 1h | $1.6M | $168K | 25x | as long as short |
| RISEx BNB/USDC | +0.071% | +0.0271% | 1h | $1.1M | $1.5M | 20x | as long as short |
| Aster BNBUSDT | +0.071% | +0.0113% | 8h | $6.2M | $19.4M | 200x | as long as short |
| Binance BNBUSDT | +0.103% | +0.0118% | 8h | $514.7M | $810.2M | 75x | as long as short |
| Hyperliquid BNB | +0.107% | +0.0426% | 1h | $51.8M | $21.7M | 10x | as long as short |
| Paradex BNB-USD-PERP | +0.130% | +0.0100% | 8h | $78K | $421K | 50x | as long as short |
| MEXC BNB_USDT | +0.135% | +0.0117% | 8h | $83.7M | $16.7M | 200x | as long as short |
| 01 Exchange BNBUSD | +0.161% | +0.0264% | 1h | $28K | $1K | 10x | as long as short |
| Injective BNB/USDC PERP | +0.229% | +0.0033% | 1h | $19K | $437K | 30x | as long as short |
| Bulk BNB-USD | +0.372% | +0.0162% | 1h | $649K | $132K | 10x | as long as short |
Kraken Futures PF_BNBUSD
Bitget BNBUSDT
Coinbase International
ApeX Omni
StandX
HTX
Polymarket Perps
Phoenix
BingX
Variational Omni
KuCoin
Bybit
Gate
Extended
gTrade (Gains Network)
OKX
SoDEX
GMX
Derive
Phemex
Backpack
SunX
Lighter
Pacifica
BloFin
Deribit
RISEx
Aster
Binance
Hyperliquid
Paradex
MEXC
Injective
Bulk