BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0197%/8h= −21.6% APRnext payment −$0.25 per $10,000 · paid last 24h −0.013%

Price spread now: Kraken Futures against RISEx−0.155%7-day average −0.029% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$46as in the Price arb table

costs, in and out, $10k−$340.338% of the position

Long on RISEx Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.130%−$13 on $10k

Price spread, last 4 days (all we have)−0.022%−$2 · spread now −0.155%, 7d avg −0.029%

Together, before fees−0.151%−$15 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Kraken Futures is 0.126% cheaper against RISEx than usual: you would sell low and buy high (−$13 if the spread goes back to its 7-day average of −0.029%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx BNB/USDC	789.63	0.0461	pay 0.0058% / 1h	35m 39s	$1.1M	$973K	20x
Short	Kraken Futures PF_BNBUSD	788.40	0.0264	get 0.0033% / 1h	35m 39s	$2.5M	$1.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against RISEx. 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 RISExbpFee Kraken FuturesbpOrdersPrice spread, now −0.155%Rate

Funding earned: −$41.37
Price spread: −0.155% → −0.029%: −$12.59
Slippage, 4 orders: −$17.8
Fee RISEx: 3 bp × 2 orders: −$6
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$87.76
Costs to cover: 0.338%
Break-even: never at this rate

Slippage from RISEx: live order book, 3 min ago; Kraken Futures: live order book, 3 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 RISEx live order book, 3 min ago	1.27 bp	4.3 bp −$4	8.5 bp −$85	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 3 min ago	4.49 bp	12.6 bp −$13	17.7 bp −$177	38.3 bp −$3,832	144.4 bp −$72.2K

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 −0.0185% / S +0.0350%	1h	788.44	−0.150%	$46K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	789.05	−0.073%	$4K	$42	25x	as long as short
StandX BNB-USD	0.0000%	1h	789.92	+0.037%	$854K	$3.2M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	788.31	−0.166%	$9.5M	—	150x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+1.958%	$19K	$789K	30x	as long as short
Aster BNBUSDT	+0.0039%	8h	789.29	−0.043%	$6.1M	$18.7M	200x	as long as short
BingX BNB-USDT	+0.0053%	8h	789.31	−0.040%	—	$34.4M	—	as long as short
Coinbase International BNB-PERP-INTX	+0.0064%	1h	789.45	−0.022%	$582K	$1.9M	50x	as long as short
MEXC BNB_USDT	+0.0065%	8h	790.00	+0.047%	$80.2M	$12.3M	200x	as long as short
Binance BNBUSDT	+0.0065%	8h	789.87	+0.030%	$493.0M	$789.1M	75x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex BNBUSDT	+0.0067%	8h	789.06	−0.072%	$69.1M	$49.9M	50x	as long as short
Lighter BNB	+0.0096%	1h	789.06	−0.071%	$2.7M	$3.8M	20x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	788.48	−0.145%	$265K	$492K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	788.25	−0.174%	$1.5M	$2.6M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	789.44	−0.024%	$51.8M	$17.5M	10x	as long as short
Pacifica BNB	+0.0100%	1h	789.32	−0.038%	$1.2M	$931K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	789.10	−0.067%	$138.8M	$74.7M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	789.10	−0.067%	$53.3M	$111.1M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	789.60	−0.003%	$52K	$130K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	788.65	−0.124%	$35.3M	$56.8M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	789.08	−0.069%	$27.6M	$10.3M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	788.85	−0.098%	$76.3M	$30.1M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	789.19	−0.055%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	788.01	−0.204%	$4.1M	$4.6M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	789.70	+0.009%	$4.1M	$73.6M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	789.35	−0.035%	$159K	$440K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	788.40	−0.155%	$133K	$950K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	788.56	−0.135%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	789.04	−0.074%	$12K	$1.5M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	788.60	−0.130%	$388K	$1.0M	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	788.72	−0.114%	$8.1M	$9.4M	75x	as long as short
Paradex BNB-USD-PERP	+0.0101%	8h	789.77	+0.019%	$77K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	788.85	−0.098%	$1.8M	$5.9M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	788.51	−0.141%	$379K	$110K	10x	as long as short
Phoenix BNB	+0.0117%	1h	789.39	−0.030%	$170K	$35K	10x	as long as short
dYdX BNB-USD	+0.0128%	1h	789.05	−0.073%	$160K	$64K	10x	as long as short
GRVT BNB_USDT_Perp	+0.0137%	8h	789.99	+0.046%	$2.9M	$28.2M	10x	as long as short
Kalshi KXBNBPERP	+0.0180%	8h	789.90	+0.035%	$124K	$2.7M	4.8x	as long as short
BloFin BNB-USDT	+0.0186%	8h	789.67	+0.006%	$18.1M	$2.2M	75x	as long as short
01 Exchange BNBUSD	+0.0224%	1h	789.05	−0.073%	$28K	$4K	10x	as long as short
Kraken Futures PF_BNBUSDshort	+0.0264%	1h	788.40	−0.155%	$2.5M	$1.2M	50x
Bulk BNB-USD	+0.0272%	1h	789.78	+0.020%	$640K	$9K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	788.85	−0.098%	$1.5M	$143K	25x	as long as short
Reya BNBRUSDPERP	+0.0326%	1h	788.10	−0.193%	$6K	$3K	40x	as long as short
RISEx BNB/USDClong	+0.0461%	1h	789.63	long leg	$1.1M	$973K	20x
Hibachi BNB/USDT-P	+0.0464%	1h	789.31	−0.040%	$67K	$38K	12x	as long as short