Funding you earn now, next payment 02:00 UTC−0.0232%/8h= −25.4% APRpaid last 24h +0.011%
Price spread now: Kraken Futures against OKX+0.090%7-day average +0.019% · you sell dearer than you buy
Net, funding: paid 7d − costs−$39as in the Funding arb table
Net, price: spread back to 7d avg − costs−$28as in the Price arb table
costs, in and out, $10k−$350.348% of the position
Funding, last 7 days−0.041%−$4 on $10k
+Price spread, last 3 days (all we have)−0.106%−$11 · spread now +0.090%, 7d avg +0.019%
=The price spread pays, funding is against you. Kraken Futures is 0.072% dearer against OKX than usual: you sell high and buy low (spread +0.090% now, against its 7-day average of +0.019%): +$7 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 25 hours. At the pace of the last 7 days (−0.041% in total) that is about 12 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.041% in total (about -2.1% 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 | OKX BNB-USDT-SWAP | 793.10 | 0.0100 | pay 0.0100% / 8h | 6h 18m | $53.2M | $110.2M | 50x |
| Short | Kraken Futures PF_BNBUSD | 793.81 | −0.0132 | pay 0.0016% / 1h | 18m 10s | $2.5M | $1.0M | 50x |
OKX BNB-USDT-SWAP
Kraken Futures PF_BNBUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against OKX. 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
- −$48.64
- Price spread: +0.090% → +0.019%
- $7.15
- Slippage, 4 orders
- −$14.77
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$76.26
- Costs to cover
- 0.348%
- Break-even
- never at this rate
Slippage from OKX: live order book, 6 min ago; Kraken Futures: live order book, just now.
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 OKX live order book, 6 min ago | 0.63 bp | 5.6 bp −$6 | 7.0 bp −$70 | 18.1 bp −$1,808 | doesn't fit |
| Sell Kraken Futures live order book, just now | 4.54 bp | 10.8 bp −$11 | 14.4 bp −$144 | 31.9 bp −$3,194 | 161.4 bp −$80.7K |
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 −0.0167% / S +0.0335% | 1h | 793.55 | +0.056% | $46K | — | 200x | as long as short |
| Kraken Futures PF_BNBUSDshort | −0.0132% | 1h | 793.81 | +0.090% | $2.5M | $1.0M | 50x | |
| Hotstuff BNB-PERP | −0.0080% | 1h | 793.80 | +0.088% | $4K | $239 | 25x | as long as short |
| StandX BNB-USD | 0.0000% | 1h | 793.90 | +0.101% | $858K | $3.1M | 30x | as long as short |
| gTrade (Gains Network) BNB/USD | L +0.0008% / S −0.0007% | 1h | 793.69 | +0.075% | $9.7M | — | 150x | as long as short |
| Injective BNB/USDC PERP | +0.0033% | 1h | 805.09 | +1.512% | $19K | $789K | 30x | as long as short |
| Aster BNBUSDT | +0.0033% | 8h | 793.90 | +0.101% | $6.1M | $19.7M | 200x | as long as short |
| Variational Omni BNB | +0.0038% | 8h | 794.10 | +0.126% | $4.1M | $4.9M | — | as long as short |
| BingX BNB-USDC | +0.0050% | 8h | 793.42 | +0.040% | — | $13.3M | — | as long as short |
| Phemex BNBUSDT | +0.0056% | 8h | 794.05 | +0.120% | $69.4M | $50.7M | 50x | as long as short |
GMX BNB/USD [WBTC.b-USDC]
Hotstuff BNB-PERP
StandX BNB-USD
gTrade (Gains Network) BNB/USD
Injective BNB/USDC PERP
Aster BNBUSDT
Variational Omni BNB
BingX BNB-USDC
Phemex BNBUSDTShow all 45 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International BNB-PERP-INTX | +0.0056% | 1h | 795.53 | +0.306% | $610K | $1.1M | 50x | as long as short |
| Gate BNB_USDT | +0.0058% | 8h | 793.40 | +0.038% | $35.4M | $56.6M | 75x | as long as short |
| Binance BNBUSDT | +0.0062% | 8h | 794.01 | +0.115% | $493.9M | $810.1M | 75x | as long as short |
| MEXC BNB_USDT | +0.0062% | 8h | 794.10 | +0.126% | $82.4M | $12.8M | 200x | as long as short |
| GRVT BNB_USDT_Perp | +0.0070% | 8h | 795.62 | +0.318% | $3.0M | $28.5M | 10x | as long as short |
| dYdX BNB-USD | +0.0077% | 1h | 793.68 | +0.073% | $160K | $63K | 10x | as long as short |
| Phoenix BNB | +0.0088% | 1h | 794.99 | +0.238% | $171K | $36K | 10x | as long as short |
| Lighter BNB | +0.0096% | 1h | 793.87 | +0.097% | $2.8M | $4.0M | 20x | as long as short |
| Orderly PERP_BNB_USDC | +0.0100% | 8h | 793.45 | +0.044% | $383K | $409K | 50x | as long as short |
| Nado BNB-PERP | +0.0100% | 1h | 793.65 | +0.069% | $1.4M | $2.7M | 20x | as long as short |
| Hyperliquid BNB | +0.0100% | 1h | 793.84 | +0.093% | $52.0M | $19.3M | 10x | as long as short |
| Pacifica BNB | +0.0100% | 1h | 794.06 | +0.121% | $1.2M | $915K | 20x | as long as short |
| Bybit BNBUSDT | +0.0100% | 8h | 793.40 | +0.038% | $138.7M | $75.6M | 75x | as long as short |
| OKX BNB-USDT-SWAPlong | +0.0100% | 8h | 793.10 | long leg | $53.2M | $110.2M | 50x | |
| Arcus BNB-USD | +0.0100% | 1h | 793.60 | +0.063% | $52K | $134K | 10x | as long as short |
| KuCoin BNBUSDTM | +0.0100% | 8h | 793.45 | +0.044% | $27.7M | $10.1M | 75x | as long as short |
| Bitget BNBUSDT | +0.0100% | 8h | 793.00 | −0.013% | $77.2M | $28.1M | 75x | as long as short |
| edgeX BNBUSDC | +0.0100% | 4h | 794.91 | +0.228% | $4.1M | $76.8M | 30x | as long as short |
| ApeX Omni BNBUSDT | +0.0100% | 1h | 794.60 | +0.189% | $160K | $436K | 50x | as long as short |
| Polymarket Perps BNB-USD | +0.0100% | 1h | 793.33 | +0.029% | $111K | $886K | 10x | as long as short |
| Derive BNB-PERP | +0.0100% | 1h | 793.75 | +0.082% | $32K | $9K | 10x | as long as short |
| SunX BNB-USDT | +0.0100% | 8h | 794.17 | +0.135% | $12K | $1.6M | 50x | as long as short |
| SoDEX BNB-USD | +0.0100% | 1h | 793.80 | +0.088% | $390K | $996K | 10x | as long as short |
| HTX BNB-USDT | +0.0100% | 8h | 793.18 | +0.010% | $8.1M | $8.9M | 75x | as long as short |
| Paradex BNB-USD-PERP | +0.0100% | 8h | 794.54 | +0.181% | $77K | $17K | 50x | as long as short |
| Extended BNB-USD | +0.0104% | 1h | 793.34 | +0.030% | $1.7M | $5.8M | 50x | as long as short |
| Aevo BNB-PERP | +0.0104% | 1h | 793.74 | +0.081% | $381K | $110K | 10x | as long as short |
| RISEx BNB/USDC | +0.0131% | 1h | 793.65 | +0.069% | $1.1M | $1.1M | 20x | as long as short |
| Kalshi KXBNBPERP | +0.0154% | 8h | 794.80 | +0.214% | $113K | $2.7M | 4.8x | as long as short |
| Bulk BNB-USD | +0.0195% | 1h | 795.93 | +0.356% | $644K | $16K | 10x | as long as short |
| 01 Exchange BNBUSD | +0.0256% | 1h | 794.02 | +0.116% | $28K | $3K | 10x | as long as short |
| Deribit BNB_USDC-PERPETUAL | +0.0300% | 1h | 794.15 | +0.133% | $1.6M | $160K | 25x | as long as short |
| Reya BNBRUSDPERP | +0.0328% | 1h | 793.03 | −0.008% | $6K | $3K | 40x | as long as short |
| Backpack BNB_USDC_PERP | +0.0389% | 1h | 794.11 | +0.127% | $2.7M | $5.7M | 40x | as long as short |
| Hibachi BNB/USDT-P | +0.0536% | 1h | 793.58 | +0.061% | $68K | $38K | 12x | as long as short |
Coinbase International BNB-PERP-INTX
Gate BNB_USDT
Binance BNBUSDT
MEXC BNB_USDT
GRVT BNB_USDT_Perp
dYdX BNB-USD
Phoenix BNB
Lighter BNB
Orderly PERP_BNB_USDC
Nado BNB-PERP
Hyperliquid BNB
Pacifica BNB
Bybit BNBUSDT
Arcus BNB-USD
KuCoin BNBUSDTM
Bitget BNBUSDT
edgeX BNBUSDC
ApeX Omni BNBUSDT
Polymarket Perps BNB-USD
Derive BNB-PERP
SunX BNB-USDT
SoDEX BNB-USD
HTX BNB-USDT
Paradex BNB-USD-PERP
Extended BNB-USD
Aevo BNB-PERP
RISEx BNB/USDC
Kalshi KXBNBPERP
Bulk BNB-USD
01 Exchange BNBUSD
Deribit BNB_USDC-PERPETUAL
Reya BNBRUSDPERP
Backpack BNB_USDC_PERP
Hibachi BNB/USDT-P