BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0220%/8h= +24.1% APRnext payment +$0.28 per $10,000 · paid last 24h −0.009%

Price spread now: SoDEX against Kraken Futures+0.024%7-day average +0.028% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$32as in the Price arb table

costs, in and out, $10k−$310.314% of the position

Long on Kraken Futures Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.016%+$2 on $10k

Price spread, last 3 days (all we have)−0.004%$0 · spread now +0.024%, 7d avg +0.028%

Together, before fees+0.012%+$1 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.028%, so right now this pair is about funding alone: +$7 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.016% in total (about 1.8% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.28 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	799.80	−0.0120	get 0.0015% / 1h	24m 12s	$2.5M	$1.0M	50x
Short	SoDEX BNB-USD	800.00	0.0100	get 0.0013% / 1h	24m 12s	$393K	$999K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now +0.024%Rate

Funding earned: $46.29
Price spread: +0.024% → +0.028%: −$0.31
Slippage, 4 orders: −$13.41
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee SoDEX: 4 bp × 2 orders: −$8
Net: $14.56
Costs to cover: 0.314%
Break-even: 4.8 days

Slippage from Kraken Futures: live order book, 4 min ago; SoDEX: 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, 4 min ago	3.76 bp	10.1 bp −$10	15.0 bp −$150	37.0 bp −$3,700	103.5 bp −$51.8K
Sell SoDEX live order book, 5 min ago	0.63 bp	4.6 bp −$5	8.1 bp −$81	74.5 bp −$7,451	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 −0.0159% / S +0.0335%	1h	799.95	+0.019%	$48K	—	200x	as long as short
Kraken Futures PF_BNBUSDlong	−0.0120%	1h	799.80	long leg	$2.5M	$1.0M	50x
Hotstuff BNB-PERP	−0.0080%	1h	800.66	+0.107%	$4K	$239	25x	as long as short
BingX BNB-USDT	−0.0024%	8h	799.98	+0.022%	—	$35.0M	—	as long as short
Bybit BNBUSDT	−0.0007%	8h	799.70	−0.013%	$139.0M	$75.9M	75x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	799.53	−0.034%	$3.0M	$27.5M	10x	as long as short
StandX BNB-USD	0.0000%	1h	800.87	+0.133%	$866K	$2.9M	30x	as long as short
Phemex BNBUSDT	0.0000%	8h	800.50	+0.087%	$69.9M	$50.1M	50x	as long as short
Variational Omni BNB	+0.0003%	8h	799.72	−0.011%	$4.1M	$5.2M	—	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	800.01	+0.026%	$9.8M	—	150x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate BNB_USDT	+0.0029%	8h	799.80	−0.001%	$35.8M	$56.5M	75x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+0.661%	$19K	$789K	30x	as long as short
Coinbase International BNB-PERP-INTX	+0.0048%	1h	800.80	+0.124%	$617K	$1.1M	50x	as long as short
Aster BNBUSDT	+0.0060%	8h	800.64	+0.104%	$6.2M	$19.4M	200x	as long as short
Binance BNBUSDT	+0.0080%	8h	800.41	+0.076%	$496.9M	$811.8M	75x	as long as short
MEXC BNB_USDT	+0.0080%	8h	800.90	+0.137%	$83.2M	$13.6M	200x	as long as short
Lighter BNB	+0.0096%	1h	800.05	+0.031%	$2.8M	$4.0M	20x	as long as short
Phoenix BNB	+0.0099%	1h	800.45	+0.081%	$172K	$36K	10x	as long as short
Nado BNB-PERP	+0.0100%	1h	800.10	+0.037%	$1.5M	$2.7M	20x	as long as short
Pacifica BNB	+0.0100%	1h	800.59	+0.098%	$1.2M	$924K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	799.80	−0.001%	$54.2M	$111.4M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	800.60	+0.099%	$53K	$133K	10x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	799.72	−0.011%	$27.9M	$10.1M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	799.40	−0.051%	$78.3M	$28.1M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	799.40	−0.051%	$4.2M	$76.4M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	799.54	−0.033%	$161K	$435K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	800.04	+0.029%	$115K	$882K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	799.99	+0.023%	$387K	$459K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	800.12	+0.039%	$32K	$5K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	800.69	+0.110%	$13K	$1.7M	50x	as long as short
SoDEX BNB-USDshort	+0.0100%	1h	800.00	+0.024%	$393K	$999K	10x
HTX BNB-USDT	+0.0100%	8h	800.12	+0.039%	$8.2M	$8.3M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	800.95	+0.144%	$78K	$18K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	799.62	−0.023%	$1.8M	$6.0M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	799.93	+0.016%	$384K	$110K	10x	as long as short
Bulk BNB-USD	+0.0127%	1h	799.28	−0.066%	$649K	$10K	10x	as long as short
RISEx BNB/USDC	+0.0155%	1h	800.33	+0.066%	$1.1M	$1.4M	20x	as long as short
Kalshi KXBNBPERP	+0.0156%	8h	801.00	+0.149%	$90K	$2.8M	4.8x	as long as short
01 Exchange BNBUSD	+0.0200%	1h	800.58	+0.097%	$28K	$1K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0200%	1h	800.40	+0.074%	$1.6M	$161K	25x	as long as short
BloFin BNB-USDT	+0.0201%	8h	801.17	+0.171%	$18.1M	$2.6M	75x	as long as short
dYdX BNB-USD	+0.0209%	1h	800.07	+0.033%	$161K	$63K	10x	as long as short
Hibachi BNB/USDT-P	+0.0224%	1h	800.58	+0.097%	$69K	$38K	12x	as long as short
Hyperliquid BNB	+0.0303%	1h	800.86	+0.132%	$53.2M	$20.3M	10x	as long as short
Reya BNBRUSDPERP	+0.0330%	1h	799.81	+0.001%	$6K	$3K	40x	as long as short
Backpack BNB_USDC_PERP	+0.0397%	1h	800.65	+0.106%	$2.7M	$5.7M	40x	as long as short