Funding you earn now, next payment 07:00 UTC−0.0140%/8h= −15.3% APRnext payment −$0.17 per $10,000 · paid last 24h +0.084%
Price spread now: dYdX against Kraken Futures+0.057%7-day average +0.011% · you sell dearer than you buy
Net, funding: paid 7d − costs−$9as in the Funding arb table
Net, price: spread back to 7d avg − costs−$56as in the Price arb table
costs, in and out, $10k−$610.607% of the position
Funding, last 7 days+0.514%+$51 on $10k
+Price spread, last 4 days (all we have)−0.035%−$4 · spread now +0.057%, 7d avg +0.011%
=The price spread pays, funding is against you. dYdX is 0.047% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.057% now, against its 7-day average of +0.011%): +$5 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 27 hours. Mind the row above: over the last 7 days funding on this pair paid +0.514%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_BNBUSD | 787.50 | 0.0205 | pay 0.0026% / 1h | 16m 54s | $2.5M | $1.2M | 50x |
| Short | dYdX BNB-USD | 787.95 | 0.0066 | get 0.0008% / 1h | 16m 54s | $160K | $62K | 10x |
Kraken Futures PF_BNBUSD
dYdX BNB-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
dYdX against Kraken Futures. 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
- −$29.32
- Price spread: +0.057% → +0.011%
- $4.67
- Slippage, 4 orders
- −$40.71
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee dYdX: 5 bp × 2 orders
- −$10
- Net
- −$85.37
- Costs to cover
- 0.607%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 2 min ago; dYdX: live order book, 27 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 Kraken Futures live order book, 2 min ago | 2.86 bp | 10.5 bp −$10 | 13.1 bp −$131 | 35.9 bp −$3,591 | 99.4 bp −$49.7K |
| Sell dYdX live order book, 27 min ago | 11.56 bp | 18.7 bp −$19 | 55.1 bp −$551 | 88.3 bp −$8,826 | 265.8 bp −$132.9K |
BNB on 45 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 −0.0170% / S +0.0337% | 1h | 787.40 | −0.013% | $43K | — | 200x | as long as short |
| Hotstuff BNB-PERP | −0.0080% | 1h | 787.91 | +0.052% | $4K | $42 | 25x | as long as short |
| StandX BNB-USD | 0.0000% | 1h | 788.38 | +0.112% | $850K | $2.8M | 30x | as long as short |
| gTrade (Gains Network) BNB/USD | L +0.0007% / S −0.0007% | 1h | 787.47 | −0.004% | $9.5M | — | 150x | as long as short |
| Injective BNB/USDC PERP | +0.0033% | 1h | 805.09 | +2.233% | $19K | $789K | 30x | as long as short |
| Aster BNBUSDT | +0.0051% | 8h | 788.31 | +0.103% | $6.1M | $18.8M | 200x | as long as short |
| BingX BNB-USDC | +0.0051% | 8h | 787.78 | +0.035% | — | $13.4M | — | as long as short |
| Binance BNBUSDT | +0.0062% | 8h | 788.17 | +0.085% | $490.9M | $820.7M | 75x | as long as short |
| MEXC BNB_USDT | +0.0062% | 8h | 788.90 | +0.178% | $81.1M | $12.1M | 200x | as long as short |
| dYdX BNB-USDshort | +0.0066% | 1h | 787.95 | +0.057% | $160K | $62K | 10x |
GMX BNB/USD [WBTC.b-USDC]
Hotstuff BNB-PERP
StandX BNB-USD
gTrade (Gains Network) BNB/USD
Injective BNB/USDC PERP
Aster BNBUSDT
BingX BNB-USDC
Binance BNBUSDT
MEXC BNB_USDTShow all 45 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phemex BNBUSDT | +0.0075% | 8h | 788.09 | +0.075% | $68.9M | $51.2M | 50x | as long as short |
| Coinbase International BNB-PERP-INTX | +0.0080% | 1h | 787.30 | −0.026% | $568K | $1.9M | 50x | as long as short |
| Lighter BNB | +0.0096% | 1h | 787.70 | +0.025% | $2.7M | $3.9M | 20x | as long as short |
| Nado BNB-PERP | +0.0100% | 1h | 787.25 | −0.032% | $1.4M | $2.7M | 20x | as long as short |
| Hyperliquid BNB | +0.0100% | 1h | 788.28 | +0.099% | $51.6M | $17.7M | 10x | as long as short |
| Pacifica BNB | +0.0100% | 1h | 787.69 | +0.024% | $1.2M | $933K | 20x | as long as short |
| Bybit BNBUSDT | +0.0100% | 8h | 787.60 | +0.013% | $138.6M | $75.1M | 75x | as long as short |
| OKX BNB-USDT-SWAP | +0.0100% | 8h | 787.50 | 0.000% | $53.6M | $113.3M | 50x | as long as short |
| Arcus BNB-USD | +0.0100% | 1h | 787.60 | +0.013% | $52K | $129K | 10x | as long as short |
| Gate BNB_USDT | +0.0100% | 8h | 787.75 | +0.032% | $37.7M | $59.4M | 75x | as long as short |
| KuCoin BNBUSDTM | +0.0100% | 8h | 787.43 | −0.009% | $27.7M | $10.2M | 75x | as long as short |
| Bitget BNBUSDT | +0.0100% | 8h | 787.41 | −0.012% | $76.2M | $31.2M | 75x | as long as short |
| Backpack BNB_USDC_PERP | +0.0100% | 1h | 788.11 | +0.077% | $2.2M | $6.1M | 40x | as long as short |
| Variational Omni BNB | +0.0100% | 8h | 787.41 | −0.011% | $4.0M | $4.8M | — | as long as short |
| edgeX BNBUSDC | +0.0100% | 4h | 787.95 | +0.057% | $4.1M | $76.5M | 30x | as long as short |
| ApeX Omni BNBUSDT | +0.0100% | 1h | 788.19 | +0.087% | $159K | $438K | 50x | as long as short |
| Polymarket Perps BNB-USD | +0.0100% | 1h | 787.34 | −0.020% | $132K | $951K | 10x | as long as short |
| Orderly PERP_BNB_USDC | +0.0100% | 8h | 787.48 | −0.003% | $265K | $470K | 50x | as long as short |
| SunX BNB-USDT | +0.0100% | 8h | 787.99 | +0.062% | $12K | $1.5M | 50x | as long as short |
| SoDEX BNB-USD | +0.0100% | 1h | 787.60 | +0.013% | $387K | $979K | 10x | as long as short |
| HTX BNB-USDT | +0.0100% | 8h | 787.80 | +0.037% | $8.0M | $10.2M | 75x | as long as short |
| Paradex BNB-USD-PERP | +0.0100% | 8h | 787.96 | +0.058% | $78K | $18K | 50x | as long as short |
| Extended BNB-USD | +0.0104% | 1h | 787.33 | −0.022% | $1.8M | $6.0M | 50x | as long as short |
| Aevo BNB-PERP | +0.0104% | 1h | 787.51 | +0.001% | $378K | $110K | 10x | as long as short |
| Kalshi KXBNBPERP | +0.0125% | 8h | 787.90 | +0.051% | $170K | $2.7M | 4.8x | as long as short |
| Phoenix BNB | +0.0135% | 1h | 787.70 | +0.025% | $169K | $35K | 10x | as long as short |
| BloFin BNB-USDT | +0.0182% | 8h | 788.16 | +0.084% | $17.7M | $2.2M | 75x | as long as short |
| Deribit BNB_USDC-PERPETUAL | +0.0200% | 1h | 787.88 | +0.048% | $1.5M | $145K | 25x | as long as short |
| Kraken Futures PF_BNBUSDlong | +0.0205% | 1h | 787.50 | long leg | $2.5M | $1.2M | 50x | |
| GRVT BNB_USDT_Perp | +0.0230% | 8h | 788.28 | +0.099% | $2.9M | $29.4M | 10x | as long as short |
| 01 Exchange BNBUSD | +0.0248% | 1h | 787.98 | +0.061% | $28K | $4K | 10x | as long as short |
| Bulk BNB-USD | +0.0262% | 1h | 788.32 | +0.104% | $639K | $4K | 10x | as long as short |
| Reya BNBRUSDPERP | +0.0322% | 1h | 787.12 | −0.048% | $6K | $3K | 40x | as long as short |
| RISEx BNB/USDC | +0.0438% | 1h | 787.65 | +0.020% | $1.1M | $915K | 20x | as long as short |
| Hibachi BNB/USDT-P | +0.0504% | 1h | 787.77 | +0.034% | $67K | $39K | 12x | as long as short |
Phemex BNBUSDT
Coinbase International BNB-PERP-INTX
Lighter BNB
Nado BNB-PERP
Hyperliquid BNB
Pacifica BNB
Bybit BNBUSDT
OKX BNB-USDT-SWAP
Arcus BNB-USD
Gate BNB_USDT
KuCoin BNBUSDTM
Bitget BNBUSDT
Backpack BNB_USDC_PERP
Variational Omni BNB
edgeX BNBUSDC
ApeX Omni BNBUSDT
Polymarket Perps BNB-USD
Orderly PERP_BNB_USDC
SunX BNB-USDT
SoDEX BNB-USD
HTX BNB-USDT
Paradex BNB-USD-PERP
Extended BNB-USD
Aevo BNB-PERP
Kalshi KXBNBPERP
Phoenix BNB
BloFin BNB-USDT
Deribit BNB_USDC-PERPETUAL
GRVT BNB_USDT_Perp
01 Exchange BNBUSD
Bulk BNB-USD
Reya BNBRUSDPERP
RISEx BNB/USDC
Hibachi BNB/USDT-P