Funding you earn now, next payment 01:00 UTC+0.0221%/8h= +24.2% APRpaid last 24h −0.015%
Price spread now: KuCoin against Kraken Futures+0.037%7-day average −0.004% · you sell dearer than you buy
Net, funding: paid 7d − costs−$37as in the Funding arb table
Net, price: spread back to 7d avg − costs−$38as in the Price arb table
costs, in and out, $10k−$420.422% of the position
Funding, last 7 days+0.056%+$6 on $10k
+Price spread, last 3 days (all we have)+0.002%$0 · spread now +0.037%, 7d avg −0.004%
=Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and KuCoin is 0.041% dearer against Kraken Futures than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.004%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.056% in total (about 2.9% 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 | Kraken Futures PF_BNBUSD | 797.48 | −0.0121 | get 0.0015% / 1h | 47m 59s | $2.5M | $979K | 50x |
| Short | KuCoin BNBUSDTM | 797.78 | 0.0100 | get 0.0100% / 8h | 7h 47m | $27.9M | $10.1M | 75x |
Kraken Futures PF_BNBUSD
KuCoin BNBUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- $46.36
- Price spread: +0.037% → −0.004%
- $4.15
- Slippage, 4 orders
- −$20.22
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- $8.29
- Costs to cover
- 0.422%
- Break-even
- 5.7 days
Slippage from Kraken Futures: 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 Kraken Futures live order book, 1 min ago | 3.57 bp | 10.1 bp −$10 | 14.9 bp −$149 | 30.0 bp −$3,004 | 75.1 bp −$37.5K |
| Sell KuCoin live order book, 11 min ago | 0.44 bp | 13.1 bp −$13 | 18.3 bp −$183 | 46.5 bp −$4,646 | 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 −0.0201% / S +0.0372% | 1h | 797.69 | +0.026% | $47K | — | 200x | as long as short |
| Kraken Futures PF_BNBUSDlong | −0.0121% | 1h | 797.48 | long leg | $2.5M | $979K | 50x | |
| Bybit BNBUSDT | −0.0081% | 8h | 797.40 | −0.010% | $138.4M | $77.0M | 75x | as long as short |
| Hotstuff BNB-PERP | −0.0080% | 1h | 798.13 | +0.081% | $4K | $239 | 25x | as long as short |
| BingX BNB-USDC | −0.0030% | 8h | 797.89 | +0.051% | — | $13.3M | — | as long as short |
| GRVT BNB_USDT_Perp | 0.0000% | 8h | 798.92 | +0.180% | $3.0M | $27.9M | 10x | as long as short |
| StandX BNB-USD | 0.0000% | 1h | 798.40 | +0.115% | $863K | $2.9M | 30x | as long as short |
| gTrade (Gains Network) BNB/USD | L +0.0008% / S −0.0007% | 1h | 797.86 | +0.047% | $9.7M | — | 150x | as long as short |
| Variational Omni BNB | +0.0008% | 8h | 797.13 | −0.045% | $4.1M | $5.4M | — | as long as short |
| Injective BNB/USDC PERP | +0.0033% | 1h | 805.09 | +0.954% | $19K | $789K | 30x | as long as short |
GMX BNB/USD [WBTC.b-USDC]
Bybit BNBUSDT
Hotstuff BNB-PERP
BingX BNB-USDC
GRVT BNB_USDT_Perp
StandX BNB-USD
gTrade (Gains Network) BNB/USD
Variational Omni BNB
Injective BNB/USDC PERPShow all 46 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phemex BNBUSDT | +0.0046% | 8h | 798.28 | +0.100% | $69.7M | $50.6M | 50x | as long as short |
| Coinbase International BNB-PERP-INTX | +0.0048% | 1h | 798.00 | +0.065% | $601K | $987K | 50x | as long as short |
| Gate BNB_USDT | +0.0054% | 8h | 797.50 | +0.002% | $35.7M | $55.8M | 75x | as long as short |
| Aster BNBUSDT | +0.0069% | 8h | 798.18 | +0.087% | $6.2M | $19.3M | 200x | as long as short |
| MEXC BNB_USDT | +0.0091% | 8h | 798.90 | +0.178% | $83.0M | $13.5M | 200x | as long as short |
| Binance BNBUSDT | +0.0091% | 8h | 798.37 | +0.111% | $496.3M | $816.9M | 75x | as long as short |
| Lighter BNB | +0.0096% | 1h | 797.88 | +0.050% | $2.8M | $4.0M | 20x | as long as short |
| Phoenix BNB | +0.0099% | 1h | 798.71 | +0.154% | $172K | $36K | 10x | as long as short |
| Nado BNB-PERP | +0.0100% | 1h | 797.71 | +0.028% | $1.4M | $2.7M | 20x | as long as short |
| Pacifica BNB | +0.0100% | 1h | 798.04 | +0.070% | $1.2M | $925K | 20x | as long as short |
| OKX BNB-USDT-SWAP | +0.0100% | 8h | 797.80 | +0.040% | $54.1M | $111.8M | 50x | as long as short |
| Arcus BNB-USD | +0.0100% | 1h | 798.10 | +0.077% | $52K | $134K | 10x | as long as short |
| KuCoin BNBUSDTMshort | +0.0100% | 8h | 797.78 | +0.037% | $27.9M | $10.1M | 75x | |
| Bitget BNBUSDT | +0.0100% | 8h | 797.65 | +0.021% | $78.7M | $27.6M | 75x | as long as short |
| edgeX BNBUSDC | +0.0100% | 4h | 798.80 | +0.166% | $4.1M | $76.2M | 30x | as long as short |
| ApeX Omni BNBUSDT | +0.0100% | 1h | 798.41 | +0.116% | $161K | $436K | 50x | as long as short |
| Polymarket Perps BNB-USD | +0.0100% | 1h | 797.78 | +0.037% | $118K | $874K | 10x | as long as short |
| Orderly PERP_BNB_USDC | +0.0100% | 8h | 797.79 | +0.039% | $386K | $481K | 50x | as long as short |
| Derive BNB-PERP | +0.0100% | 1h | 797.94 | +0.057% | $32K | $5K | 10x | as long as short |
| SunX BNB-USDT | +0.0100% | 8h | 798.51 | +0.129% | $13K | $1.7M | 50x | as long as short |
| SoDEX BNB-USD | +0.0100% | 1h | 797.90 | +0.052% | $392K | $1.0M | 10x | as long as short |
| HTX BNB-USDT | +0.0100% | 8h | 797.53 | +0.006% | $8.2M | $8.1M | 75x | as long as short |
| Paradex BNB-USD-PERP | +0.0100% | 8h | 798.64 | +0.145% | $78K | $19K | 50x | as long as short |
| Extended BNB-USD | +0.0104% | 1h | 797.57 | +0.011% | $1.8M | $6.6M | 50x | as long as short |
| Aevo BNB-PERP | +0.0104% | 1h | 797.88 | +0.049% | $383K | $108K | 10x | as long as short |
| Bulk BNB-USD | +0.0118% | 1h | 798.39 | +0.114% | $648K | $11K | 10x | as long as short |
| Hibachi BNB/USDT-P | +0.0136% | 1h | 797.90 | +0.052% | $70K | $35K | 12x | as long as short |
| Kalshi KXBNBPERP | +0.0154% | 8h | 798.40 | +0.115% | $89K | $2.9M | 4.8x | as long as short |
| RISEx BNB/USDC | +0.0155% | 1h | 797.83 | +0.044% | $1.1M | $1.4M | 20x | as long as short |
| BloFin BNB-USDT | +0.0211% | 8h | 798.50 | +0.128% | $18.1M | $2.5M | 75x | as long as short |
| 01 Exchange BNBUSD | +0.0216% | 1h | 798.27 | +0.099% | $28K | $1K | 10x | as long as short |
| Deribit BNB_USDC-PERPETUAL | +0.0300% | 1h | 798.27 | +0.099% | $1.6M | $160K | 25x | as long as short |
| dYdX BNB-USD | +0.0306% | 1h | 797.97 | +0.061% | $161K | $63K | 10x | as long as short |
| Reya BNBRUSDPERP | +0.0331% | 1h | 797.38 | −0.013% | $6K | $3K | 40x | as long as short |
| Hyperliquid BNB | +0.0359% | 1h | 798.36 | +0.110% | $53.2M | $20.8M | 10x | as long as short |
| Backpack BNB_USDC_PERP | +0.0387% | 1h | 798.52 | +0.130% | $2.7M | $5.7M | 40x | as long as short |
Phemex BNBUSDT
Coinbase International BNB-PERP-INTX
Gate BNB_USDT
Aster BNBUSDT
MEXC BNB_USDT
Binance BNBUSDT
Lighter BNB
Phoenix BNB
Nado BNB-PERP
Pacifica BNB
OKX BNB-USDT-SWAP
Arcus BNB-USD
Bitget BNBUSDT
edgeX BNBUSDC
ApeX Omni BNBUSDT
Polymarket Perps BNB-USD
Orderly PERP_BNB_USDC
Derive BNB-PERP
SunX BNB-USDT
SoDEX BNB-USD
HTX BNB-USDT
Paradex BNB-USD-PERP
Extended BNB-USD
Aevo BNB-PERP
Bulk BNB-USD
Hibachi BNB/USDT-P
Kalshi KXBNBPERP
RISEx BNB/USDC
BloFin BNB-USDT
01 Exchange BNBUSD
Deribit BNB_USDC-PERPETUAL
dYdX BNB-USD
Reya BNBRUSDPERP
Hyperliquid BNB
Backpack BNB_USDC_PERP