BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0232%/8h= +25.4% APRnext payment +$0.29 per $10,000 · paid last 24h −0.011%

Price spread now: Pacifica against Kraken Futures−0.066%7-day average +0.038% · you buy dearer than you sell

Net, funding: paid 7d − costs−$31as in the Funding arb table

Net, price: spread back to 7d avg − costs−$52as in the Price arb table

costs, in and out, $10k−$410.411% of the position

Long on Kraken Futures Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days+0.098%+$10 on $10k

Price spread, last 3 days (all we have)+0.151%+$15 · spread now −0.066%, 7d avg +0.038%

Together, before fees+0.249%+ Points / potential airdropPacifica: Active · farm board+$25 on $10k · with fees, hour by hour

Funding pays, the price is against you. Pacifica is 0.105% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.066% now, against its 7-day average of +0.038%). If the spread goes back, that is −$10 on $10k: about 36 hours of funding at the current rate (+$7 a day). At the pace of the last 7 days (+0.098% in total) that is about 7.4 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.098% in total (about 5.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.29 per $10,000. 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	793.33	−0.0132	get 0.0016% / 1h	44m 02s	$2.5M	$1.0M	50x
Short	Pacifica BNB	792.80	0.0100	get 0.0013% / 1h	44m 02s	$1.2M	$932K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now −0.066%Rate

Funding earned: $48.65
Price spread: −0.066% → +0.038%: −$10.47
Slippage, 4 orders: −$23.11
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$2.93
Costs to cover: 0.411%
Break-even: 7.4 days

Slippage from Kraken Futures: live order book, 5 min ago; Pacifica: live order book, 5 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, 5 min ago	8.39 bp	13.6 bp −$14	15.9 bp −$159	43.8 bp −$4,384	doesn't fit
Sell Pacifica live order book, 5 min ago	2.58 bp	6.7 bp −$7	doesn't fit	doesn't fit	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 −0.0161% / S +0.0335%	1h	793.04	−0.037%	$47K	—	200x	as long as short
Kraken Futures PF_BNBUSDlong	−0.0132%	1h	793.33	long leg	$2.5M	$1.0M	50x
Hotstuff BNB-PERP	−0.0080%	1h	792.99	−0.043%	$4K	$239	25x	as long as short
Gate BNB_USDT	−0.0015%	8h	793.15	−0.023%	$35.4M	$55.4M	75x	as long as short
StandX BNB-USD	0.0000%	1h	793.49	+0.020%	$858K	$3.1M	30x	as long as short
GRVT BNB_USDT_Perp	+0.0002%	8h	793.91	+0.073%	$3.0M	$28.4M	10x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	793.11	−0.028%	$9.7M	—	150x	as long as short
Variational Omni BNB	+0.0010%	8h	792.53	−0.101%	$4.1M	$5.0M	—	as long as short
Phemex BNBUSDT	+0.0024%	8h	793.91	+0.073%	$69.4M	$50.3M	50x	as long as short
Aster BNBUSDT	+0.0031%	8h	793.88	+0.070%	$6.1M	$19.9M	200x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+1.482%	$19K	$789K	30x	as long as short
dYdX BNB-USD	+0.0036%	1h	792.49	−0.105%	$160K	$63K	10x	as long as short
BingX BNB-USDT	+0.0050%	8h	793.46	+0.016%	—	$35.0M	—	as long as short
Coinbase International BNB-PERP-INTX	+0.0056%	1h	792.52	−0.102%	$608K	$1.1M	50x	as long as short
Binance BNBUSDT	+0.0061%	8h	794.08	+0.095%	$493.7M	$816.1M	75x	as long as short
MEXC BNB_USDT	+0.0062%	8h	794.10	+0.097%	$82.4M	$12.7M	200x	as long as short
Phoenix BNB	+0.0088%	1h	792.08	−0.158%	$170K	$36K	10x	as long as short
Lighter BNB	+0.0096%	1h	793.49	+0.020%	$2.8M	$3.9M	20x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	793.19	−0.018%	$383K	$409K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	792.90	−0.054%	$1.4M	$2.7M	20x	as long as short
Pacifica BNBshort	+0.0100%	1h	792.80	−0.066%	$1.2M	$932K	20x
Bybit BNBUSDT	+0.0100%	8h	793.38	+0.006%	$138.2M	$77.0M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	793.30	−0.004%	$53.2M	$111.2M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	793.00	−0.042%	$52K	$134K	10x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	793.14	−0.024%	$27.7M	$10.0M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	793.26	−0.009%	$77.4M	$28.3M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	793.14	−0.024%	$4.1M	$76.9M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	793.32	−0.001%	$160K	$435K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	793.00	−0.042%	$111K	$889K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	793.43	+0.013%	$32K	$9K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	793.35	+0.002%	$13K	$1.6M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	793.50	+0.021%	$390K	$995K	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	793.02	−0.039%	$8.1M	$8.7M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	793.02	−0.039%	$77K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	793.15	−0.022%	$1.7M	$6.0M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	793.46	+0.017%	$381K	$110K	10x	as long as short
Hyperliquid BNB	+0.0122%	1h	793.99	+0.083%	$52.6M	$19.8M	10x	as long as short
RISEx BNB/USDC	+0.0131%	1h	792.98	−0.044%	$1.1M	$1.4M	20x	as long as short
Kalshi KXBNBPERP	+0.0160%	8h	793.40	+0.009%	$110K	$2.8M	4.8x	as long as short
Bulk BNB-USD	+0.0167%	1h	793.21	−0.015%	$644K	$10K	10x	as long as short
BloFin BNB-USDT	+0.0182%	8h	794.06	+0.092%	$18.1M	$2.5M	75x	as long as short
01 Exchange BNBUSD	+0.0240%	1h	793.40	+0.009%	$28K	$2K	10x	as long as short
Reya BNBRUSDPERP	+0.0329%	1h	792.66	−0.084%	$6K	$3K	40x	as long as short
Backpack BNB_USDC_PERP	+0.0376%	1h	794.24	+0.115%	$2.7M	$5.7M	40x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0400%	1h	793.78	+0.057%	$1.6M	$161K	25x	as long as short
Hibachi BNB/USDT-P	+0.0480%	1h	792.90	−0.054%	$68K	$38K	12x	as long as short