BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0104%/8h= +11.4% APRnext payment +$0.13 per $10,000 · paid last 24h −0.028%

Price spread now: Injective against Kraken Futures+0.703%63s7-day average −0.344% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Kraken Futures Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days−0.205%−$20 on $10k

Price spread, last 3 days (all we have)−1.160%−$116 · spread now +0.703%, 7d avg −0.344%

Together, before fees−1.364%−$136 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Injective is 1.048% dearer against Kraken Futures than usual: you sell high and buy low: +$105 more if the spread goes back to its 7-day average of −0.344%. Mind the row above: over the last 7 days funding on this pair cost −0.205%, so the current rate has only just turned in your favour. The two prices were read 63 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_BNBUSD	799.47	0.0207	pay 0.0026% / 1h	5m 29s	$2.6M	$965K	50x
Short	Injective BNB/USDC PERP	805.09	0.0311	get 0.0039% / 1h	5m 29s	$19K	$789K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 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 Kraken FuturesbpFee InjectivebpOrdersPrice spread, now +0.703%Rate

Funding earned: $21.81
Price spread: +0.703% → −0.344%: $104.77
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $116.56
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: Kraken Futures: live order book, 3 min ago; Injective: no order-book sample. Net counts fees only.

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	3.57 bp	11.4 bp −$11	18.7 bp −$187	37.7 bp −$3,772	85.7 bp −$42.8K
Sell Injective no order-book sample	—	—	—	—	—

Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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 −0.0201% / S +0.0372%	1h	799.71	+0.031%	$47K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	800.06	+0.074%	$4K	$1K	25x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	800.27	+0.101%	$3.0M	$29.0M	10x	as long as short
StandX BNB-USD	0.0000%	1h	799.92	+0.057%	$864K	$2.9M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	799.71	+0.030%	$9.7M	—	150x	as long as short
Variational Omni BNB	+0.0030%	8h	799.14	−0.041%	$4.2M	$5.4M	—	as long as short
BingX BNB-USDT	+0.0052%	8h	799.83	+0.045%	—	$34.8M	—	as long as short
Bybit BNBUSDT	+0.0065%	8h	799.34	−0.016%	$139.0M	$78.7M	75x	as long as short
Lighter BNB	+0.0096%	1h	799.77	+0.037%	$2.8M	$4.2M	20x	as long as short
Coinbase International BNB-PERP-INTX	+0.0096%	1h	799.17	−0.037%	$605K	$994K	50x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster BNBUSDT	+0.0096%	8h	800.18	+0.089%	$6.3M	$18.9M	200x	as long as short
Nado BNB-PERP	+0.0100%	1h	799.54	+0.010%	$1.4M	$2.7M	20x	as long as short
Pacifica BNB	+0.0100%	1h	799.76	+0.037%	$1.2M	$926K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	799.50	+0.004%	$54.6M	$113.6M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	800.00	+0.067%	$53K	$151K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	799.20	−0.033%	$35.7M	$59.0M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	799.66	+0.024%	$28.0M	$10.3M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	799.56	+0.012%	$80.7M	$26.6M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	799.61	+0.017%	$4.2M	$77.5M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	800.21	+0.093%	$161K	$442K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	799.78	+0.039%	$121K	$872K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	799.63	+0.020%	$386K	$489K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	799.75	+0.036%	$32K	$5K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	800.29	+0.103%	$12K	$1.7M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	799.70	+0.029%	$393K	$1.0M	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	799.39	−0.010%	$8.2M	$7.9M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	800.22	+0.094%	$78K	$19K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	799.18	−0.035%	$1.9M	$6.3M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	799.77	+0.038%	$384K	$40K	10x	as long as short
Kalshi KXBNBPERP	+0.0104%	8h	800.10	+0.079%	$116K	$2.9M	4.8x	as long as short
MEXC BNB_USDT	+0.0116%	8h	800.70	+0.154%	$83.2M	$13.9M	200x	as long as short
Binance BNBUSDT	+0.0117%	8h	800.41	+0.118%	$500.7M	$818.0M	75x	as long as short
Phemex BNBUSDT	+0.0117%	8h	800.12	+0.082%	$70.0M	$51.2M	50x	as long as short
Phoenix BNB	+0.0155%	1h	800.03	+0.070%	$172K	$35K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0200%	1h	800.08	+0.077%	$1.6M	$165K	25x	as long as short
Kraken Futures PF_BNBUSDlong	+0.0207%	1h	799.47	long leg	$2.6M	$965K	50x
Hibachi BNB/USDT-P	+0.0224%	1h	799.23	−0.030%	$71K	$48K	12x	as long as short
BloFin BNB-USDT	+0.0236%	8h	799.83	+0.045%	$18.3M	$2.5M	75x	as long as short
Bulk BNB-USD	+0.0298%	1h	800.20	+0.092%	$650K	$21K	10x	as long as short
Injective BNB/USDC PERPshort	+0.0311%	1h	805.09	+0.703%	$19K	$789K	30x
Hyperliquid BNB	+0.0316%	1h	800.60	+0.142%	$51.8M	$21.6M	10x	as long as short
RISEx BNB/USDC	+0.0318%	1h	799.86	+0.049%	$1.1M	$1.4M	20x	as long as short
01 Exchange BNBUSD	+0.0320%	1h	800.44	+0.122%	$28K	$1K	10x	as long as short
Reya BNBRUSDPERP	+0.0332%	1h	799.42	−0.006%	$6K	$3K	40x	as long as short
dYdX BNB-USD	+0.0355%	1h	799.29	−0.022%	$161K	$62K	10x	as long as short
Backpack BNB_USDC_PERP	+0.0565%	1h	800.36	+0.112%	$2.7M	$5.7M	40x	as long as short