BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0224%/8h= −24.6% APRnext payment −$0.28 per $10,000 · paid last 24h +0.002%

Price spread now: Kraken Futures against SoDEX−0.016%7-day average −0.027% · 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−$31as in the Price arb table

costs, in and out, $10k−$320.318% of the position

Long on SoDEX Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.019%−$2 on $10k

Price spread, last 4 days (all we have)−0.008%−$1 · spread now −0.016%, 7d avg −0.027%

Together, before fees−0.027%−$3 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.027%, 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 -0.019% in total (about -2.1% 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	SoDEX BNB-USD	787.40	0.0100	pay 0.0013% / 1h	5m 56s	$387K	$1.0M	10x
Short	Kraken Futures PF_BNBUSD	787.27	−0.0124	pay 0.0016% / 1h	5m 56s	$2.5M	$1.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against SoDEX. 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 SoDEXbpFee Kraken FuturesbpOrdersPrice spread, now −0.016%Rate

Funding earned: −$47.12
Price spread: −0.016% → −0.027%: $1.07
Slippage, 4 orders: −$13.84
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$77.9
Costs to cover: 0.318%
Break-even: never at this rate

Slippage from SoDEX: 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 SoDEX live order book, 3 min ago	0.64 bp	4.6 bp −$5	8.6 bp −$86	81.1 bp −$8,112	doesn't fit
Sell Kraken Futures live order book, 3 min ago	3.12 bp	10.6 bp −$11	13.8 bp −$138	35.0 bp −$3,504	101.1 bp −$50.6K

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 −0.0192% / S +0.0356%	1h	787.22	−0.023%	$46K	—	200x	as long as short
Kraken Futures PF_BNBUSDshort	−0.0124%	1h	787.27	−0.016%	$2.5M	$1.2M	50x
Hotstuff BNB-PERP	−0.0080%	1h	786.81	−0.075%	$4K	$42	25x	as long as short
Kalshi KXBNBPERP	0.0000%	8h	787.50	+0.013%	$122K	$2.7M	4.8x	as long as short
StandX BNB-USD	0.0000%	1h	786.49	−0.116%	$848K	$3.1M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	787.31	−0.012%	$9.5M	—	150x	as long as short
Aster BNBUSDT	+0.0022%	8h	788.00	+0.077%	$6.1M	$19.1M	200x	as long as short
BingX BNB-USDC	+0.0033%	8h	787.44	+0.005%	—	$13.4M	—	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.247%	$19K	$789K	30x	as long as short
Phemex BNBUSDT	+0.0038%	8h	787.82	+0.053%	$68.9M	$50.7M	50x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC BNB_USDT	+0.0041%	8h	788.40	+0.127%	$79.9M	$12.1M	200x	as long as short
Binance BNBUSDT	+0.0043%	8h	788.05	+0.083%	$490.6M	$804.2M	75x	as long as short
Coinbase International BNB-PERP-INTX	+0.0072%	1h	788.00	+0.076%	$579K	$1.9M	50x	as long as short
dYdX BNB-USD	+0.0076%	1h	787.22	−0.023%	$159K	$61K	10x	as long as short
Phoenix BNB	+0.0092%	1h	786.26	−0.145%	$169K	$35K	10x	as long as short
Lighter BNB	+0.0096%	1h	787.45	+0.006%	$2.7M	$3.9M	20x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	787.31	−0.011%	$265K	$491K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	787.10	−0.038%	$1.5M	$2.6M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	787.87	+0.060%	$51.7M	$17.5M	10x	as long as short
Pacifica BNB	+0.0100%	1h	787.60	+0.026%	$1.2M	$934K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	787.40	0.000%	$138.3M	$74.1M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	787.20	−0.025%	$53.4M	$111.7M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	787.50	+0.013%	$52K	$133K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	787.25	−0.019%	$36.2M	$58.4M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	787.09	−0.039%	$27.6M	$10.3M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	787.09	−0.039%	$76.2M	$30.6M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	787.46	+0.008%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	787.11	−0.037%	$4.1M	$4.6M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	786.48	−0.117%	$4.1M	$74.3M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	786.20	−0.152%	$158K	$441K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	787.24	−0.020%	$132K	$956K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	787.35	−0.006%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	787.98	+0.074%	$12K	$1.5M	50x	as long as short
SoDEX BNB-USDlong	+0.0100%	1h	787.40	long leg	$387K	$1.0M	10x
HTX BNB-USDT	+0.0100%	8h	785.98	−0.180%	$8.1M	$9.7M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	787.52	+0.016%	$77K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	787.10	−0.038%	$1.8M	$6.3M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	787.27	−0.017%	$378K	$110K	10x	as long as short
BloFin BNB-USDT	+0.0161%	8h	787.40	0.000%	$17.7M	$2.2M	75x	as long as short
GRVT BNB_USDT_Perp	+0.0179%	8h	786.55	−0.108%	$2.9M	$28.8M	10x	as long as short
Bulk BNB-USD	+0.0201%	1h	787.88	+0.061%	$639K	$10K	10x	as long as short
01 Exchange BNBUSD	+0.0240%	1h	788.02	+0.079%	$28K	$4K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	787.73	+0.042%	$1.5M	$143K	25x	as long as short
Reya BNBRUSDPERP	+0.0324%	1h	787.09	−0.039%	$6K	$3K	40x	as long as short
RISEx BNB/USDC	+0.0431%	1h	787.55	+0.019%	$1.1M	$907K	20x	as long as short
Hibachi BNB/USDT-P	+0.0432%	1h	786.80	−0.077%	$67K	$39K	12x	as long as short