BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0180%/8h= −19.7% APRnext payment −$0.23 per $10,000 · paid last 24h −0.101%

Price spread now: Hotstuff against Backpack−0.003%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Backpack Short on Hotstuff

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropHotstuff: Active · farm boardneeds both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$5 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack BNB_USDC_PERP	788.33	0.0100	pay 0.0013% / 1h	34m 13s	$2.2M	$6.1M	40x
Short	Hotstuff BNB-PERP	788.31	−0.0080	pay 0.0010% / 1h	34m 13s	$4K	$42	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hotstuff against Backpack. 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 BackpackbpFee HotstuffbpOrdersPrice spread, now −0.003%Rate

Funding earned: −$37.8
Price spread: −0.003% → 0.000%: −$0.25
Slippage, 4 orders: no order book: not counted
Fee Backpack: 5 bp × 2 orders: −$10
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Net: −$53.05
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Backpack: live order book, 5 min ago; Hotstuff: no order-book sample. 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 Backpack live order book, 5 min ago	0.06 bp	5.7 bp −$6	7.2 bp −$72	doesn't fit	doesn't fit
Sell Hotstuff no order-book sample	—	—	—	—	—

Hotstuff: 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 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	787.95	−0.048%	$46K	—	200x	as long as short
Kraken Futures PF_BNBUSD	−0.0124%	1h	787.76	−0.073%	$2.5M	$1.2M	50x	as long as short
Hotstuff BNB-PERPshort	−0.0080%	1h	788.31	−0.003%	$4K	$42	25x
Kalshi KXBNBPERP	0.0000%	8h	788.50	+0.022%	$127K	$2.7M	4.8x	as long as short
StandX BNB-USD	0.0000%	1h	788.73	+0.051%	$851K	$3.1M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	787.91	−0.053%	$9.5M	—	150x	as long as short
Aster BNBUSDT	+0.0030%	8h	788.59	+0.032%	$6.1M	$18.8M	200x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.126%	$19K	$789K	30x	as long as short
BingX BNB-USDC	+0.0042%	8h	788.16	−0.022%	—	$13.4M	—	as long as short
Binance BNBUSDT	+0.0050%	8h	788.45	+0.015%	$491.9M	$798.9M	75x	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	+0.0051%	8h	788.90	+0.072%	$80.0M	$12.0M	200x	as long as short
Phemex BNBUSDT	+0.0054%	8h	788.45	+0.015%	$69.0M	$50.6M	50x	as long as short
Coinbase International BNB-PERP-INTX	+0.0072%	1h	790.26	+0.245%	$580K	$1.9M	50x	as long as short
Phoenix BNB	+0.0092%	1h	788.77	+0.056%	$169K	$35K	10x	as long as short
Lighter BNB	+0.0096%	1h	788.13	−0.026%	$2.7M	$3.8M	20x	as long as short
dYdX BNB-USD	+0.0099%	1h	788.56	+0.029%	$160K	$64K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	787.97	−0.046%	$265K	$492K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	788.00	−0.042%	$1.5M	$2.6M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	788.54	+0.027%	$51.7M	$17.5M	10x	as long as short
Pacifica BNB	+0.0100%	1h	788.38	+0.006%	$1.2M	$931K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	787.90	−0.055%	$138.6M	$74.0M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	787.90	−0.055%	$53.4M	$111.7M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	788.20	−0.016%	$52K	$133K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	788.00	−0.042%	$35.8M	$57.4M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	787.66	−0.085%	$27.6M	$10.3M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	787.65	−0.086%	$76.3M	$30.5M	75x	as long as short
Backpack BNB_USDC_PERPlong	+0.0100%	1h	788.33	long leg	$2.2M	$6.1M	40x
Variational Omni BNB	+0.0100%	8h	787.71	−0.078%	$4.1M	$4.8M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	788.75	+0.054%	$4.1M	$73.7M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	788.75	+0.053%	$159K	$442K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	787.89	−0.056%	$130K	$953K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	788.09	−0.030%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	788.63	+0.038%	$12K	$1.5M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	788.10	−0.029%	$387K	$1.0M	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	788.22	−0.014%	$8.1M	$9.6M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	788.43	+0.012%	$77K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	787.62	−0.090%	$1.9M	$6.3M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	788.13	−0.025%	$379K	$110K	10x	as long as short
BloFin BNB-USDT	+0.0171%	8h	788.59	+0.033%	$18.1M	$2.2M	75x	as long as short
GRVT BNB_USDT_Perp	+0.0172%	8h	788.76	+0.055%	$2.9M	$28.7M	10x	as long as short
Bulk BNB-USD	+0.0234%	1h	788.73	+0.051%	$639K	$9K	10x	as long as short
01 Exchange BNBUSD	+0.0248%	1h	788.62	+0.037%	$28K	$4K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	788.41	+0.010%	$1.5M	$143K	25x	as long as short
Reya BNBRUSDPERP	+0.0325%	1h	787.70	−0.079%	$6K	$3K	40x	as long as short
Hibachi BNB/USDT-P	+0.0408%	1h	788.18	−0.019%	$67K	$39K	12x	as long as short
RISEx BNB/USDC	+0.0431%	1h	788.44	+0.014%	$1.1M	$892K	20x	as long as short