Funding you earn now, next payment 07:00 UTC+0.0105%/8h= +11.6% APRpaid last 24h +0.001%
Price spread now: Kraken Futures against Orderly−0.021%7-day average −0.037% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.095%−$10 on $10k
+Price spread, last 4 days (all we have)−0.017%−$2 · spread now −0.021%, 7d avg −0.037%
=The price spread sits at its 7-day average of −0.037%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.095%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_BNB_USDC | 787.42 | 0.0100 | pay 0.0100% / 8h | 1h 12m | $265K | $470K | 50x |
| Short | Kraken Futures PF_BNBUSD | 787.25 | 0.0205 | get 0.0026% / 1h | 12m 47s | $2.5M | $1.2M | 50x |
Orderly PERP_BNB_USDC
Kraken Futures PF_BNBUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Orderly. 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
- $22.15
- Price spread: −0.021% → −0.037%
- $1.6
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $7.75
- Costs to cover
- 0.160%
- Break-even
- 4.6 days
Slippage unknown: Orderly: no order-book sample; Kraken Futures: live order book, 1 min ago. 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 Orderly no order-book sample | — | — | — | — | — |
| Sell Kraken Futures live order book, 1 min ago | 2.29 bp | 11.4 bp −$11 | 14.2 bp −$142 | 32.1 bp −$3,207 | 105.7 bp −$52.8K |
Orderly: 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 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 −0.0170% / S +0.0337% | 1h | 787.34 | −0.010% | $43K | — | 200x | as long as short |
| Hotstuff BNB-PERP | −0.0080% | 1h | 787.59 | +0.022% | $4K | $42 | 25x | as long as short |
| StandX BNB-USD | 0.0000% | 1h | 788.18 | +0.097% | $850K | $2.8M | 30x | as long as short |
| gTrade (Gains Network) BNB/USD | L +0.0007% / S −0.0007% | 1h | 787.34 | −0.010% | $9.5M | — | 150x | as long as short |
| Injective BNB/USDC PERP | +0.0033% | 1h | 805.09 | +2.244% | $19K | $789K | 30x | as long as short |
| BingX BNB-USDC | +0.0050% | 8h | 787.43 | +0.001% | — | $13.4M | — | as long as short |
| Aster BNBUSDT | +0.0050% | 8h | 787.85 | +0.055% | $6.1M | $18.8M | 200x | as long as short |
| MEXC BNB_USDT | +0.0060% | 8h | 788.40 | +0.124% | $81.1M | $12.1M | 200x | as long as short |
| Binance BNBUSDT | +0.0060% | 8h | 787.81 | +0.050% | $490.4M | $819.6M | 75x | as long as short |
| dYdX BNB-USD | +0.0065% | 1h | 787.28 | −0.017% | $160K | $62K | 10x | 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
BingX BNB-USDC
Aster BNBUSDT
MEXC BNB_USDT
Binance BNBUSDT
dYdX BNB-USDShow all 45 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phemex BNBUSDT | +0.0075% | 8h | 787.99 | +0.072% | $68.9M | $51.2M | 50x | as long as short |
| Coinbase International BNB-PERP-INTX | +0.0080% | 1h | 787.30 | −0.015% | $568K | $1.9M | 50x | as long as short |
| Lighter BNB | +0.0096% | 1h | 787.46 | +0.005% | $2.7M | $3.9M | 20x | as long as short |
| Nado BNB-PERP | +0.0100% | 1h | 787.25 | −0.022% | $1.4M | $2.7M | 20x | as long as short |
| Hyperliquid BNB | +0.0100% | 1h | 787.93 | +0.065% | $51.6M | $17.7M | 10x | as long as short |
| Pacifica BNB | +0.0100% | 1h | 787.55 | +0.017% | $1.2M | $933K | 20x | as long as short |
| Bybit BNBUSDT | +0.0100% | 8h | 787.20 | −0.028% | $138.6M | $74.9M | 75x | as long as short |
| OKX BNB-USDT-SWAP | +0.0100% | 8h | 787.10 | −0.041% | $53.6M | $113.1M | 50x | as long as short |
| Arcus BNB-USD | +0.0100% | 1h | 787.40 | −0.003% | $52K | $129K | 10x | as long as short |
| Gate BNB_USDT | +0.0100% | 8h | 787.25 | −0.022% | $37.8M | $59.5M | 75x | as long as short |
| KuCoin BNBUSDTM | +0.0100% | 8h | 787.03 | −0.050% | $27.7M | $10.2M | 75x | as long as short |
| Bitget BNBUSDT | +0.0100% | 8h | 787.20 | −0.028% | $76.2M | $31.2M | 75x | as long as short |
| Backpack BNB_USDC_PERP | +0.0100% | 1h | 787.76 | +0.043% | $2.2M | $6.1M | 40x | as long as short |
| Variational Omni BNB | +0.0100% | 8h | 787.11 | −0.039% | $4.1M | $4.8M | — | as long as short |
| edgeX BNBUSDC | +0.0100% | 4h | 787.77 | +0.045% | $4.1M | $76.7M | 30x | as long as short |
| ApeX Omni BNBUSDT | +0.0100% | 1h | 787.72 | +0.038% | $159K | $438K | 50x | as long as short |
| Polymarket Perps BNB-USD | +0.0100% | 1h | 787.30 | −0.015% | $132K | $951K | 10x | as long as short |
| Orderly PERP_BNB_USDClong | +0.0100% | 8h | 787.42 | long leg | $265K | $470K | 50x | |
| SunX BNB-USDT | +0.0100% | 8h | 787.98 | +0.071% | $12K | $1.5M | 50x | as long as short |
| SoDEX BNB-USD | +0.0100% | 1h | 787.50 | +0.010% | $387K | $979K | 10x | as long as short |
| HTX BNB-USDT | +0.0100% | 8h | 787.55 | +0.016% | $8.0M | $10.2M | 75x | as long as short |
| Paradex BNB-USD-PERP | +0.0100% | 8h | 787.99 | +0.072% | $78K | $18K | 50x | as long as short |
| Extended BNB-USD | +0.0104% | 1h | 786.97 | −0.057% | $1.8M | $5.9M | 50x | as long as short |
| Aevo BNB-PERP | +0.0104% | 1h | 787.42 | +0.001% | $378K | $110K | 10x | as long as short |
| Kalshi KXBNBPERP | +0.0120% | 8h | 787.80 | +0.048% | $170K | $2.7M | 4.8x | as long as short |
| Phoenix BNB | +0.0135% | 1h | 787.80 | +0.048% | $169K | $35K | 10x | as long as short |
| BloFin BNB-USDT | +0.0180% | 8h | 787.92 | +0.063% | $17.7M | $2.2M | 75x | as long as short |
| Deribit BNB_USDC-PERPETUAL | +0.0200% | 1h | 787.81 | +0.049% | $1.5M | $145K | 25x | as long as short |
| Kraken Futures PF_BNBUSDshort | +0.0205% | 1h | 787.25 | −0.021% | $2.5M | $1.2M | 50x | |
| GRVT BNB_USDT_Perp | +0.0229% | 8h | 788.06 | +0.081% | $2.9M | $29.3M | 10x | as long as short |
| 01 Exchange BNBUSD | +0.0248% | 1h | 788.01 | +0.075% | $28K | $4K | 10x | as long as short |
| Bulk BNB-USD | +0.0262% | 1h | 788.32 | +0.114% | $639K | $4K | 10x | as long as short |
| Reya BNBRUSDPERP | +0.0321% | 1h | 787.10 | −0.041% | $6K | $3K | 40x | as long as short |
| RISEx BNB/USDC | +0.0438% | 1h | 787.58 | +0.020% | $1.1M | $915K | 20x | as long as short |
| Hibachi BNB/USDT-P | +0.0496% | 1h | 787.44 | +0.002% | $67K | $39K | 12x | as long as short |
Phemex BNBUSDT
Coinbase International BNB-PERP-INTX
Lighter BNB
Nado BNB-PERP
Hyperliquid BNB
Pacifica BNB
Bybit BNBUSDT
OKX BNB-USDT-SWAP
Arcus BNB-USD
Gate BNB_USDT
KuCoin BNBUSDTM
Bitget BNBUSDT
Backpack BNB_USDC_PERP
Variational Omni BNB
edgeX BNBUSDC
ApeX Omni BNBUSDT
Polymarket Perps BNB-USD
SunX BNB-USDT
SoDEX BNB-USD
HTX BNB-USDT
Paradex BNB-USD-PERP
Extended BNB-USD
Aevo BNB-PERP
Kalshi KXBNBPERP
Phoenix BNB
BloFin BNB-USDT
Deribit BNB_USDC-PERPETUAL
GRVT BNB_USDT_Perp
01 Exchange BNBUSD
Bulk BNB-USD
Reya BNBRUSDPERP
RISEx BNB/USDC
Hibachi BNB/USDT-P