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Funding arb · Price arb /

BNB

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Alert: funding
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Alert: spread
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Funding you earn now, next payment 04:00 UTC+0.0047%/8h= +5.1% APRpaid last 24h +0.067%
Price spread now: Hyperliquid against BingX+0.066%7-day average +0.006% · you sell dearer than you buy
Net, funding: paid 7d − costs−$16as in the Funding arb table
Net, price: spread back to 7d avg − costs−$17as in the Price arb table
costs, in and out, $10k−$230.226% of the position
Long on BingXShort on Hyperliquid
What this pair did over the last
the charts below follow
Funding, last 7 days+0.066%+$7 on $10k
Price spread, last 7 days−0.083%−$8 · spread now +0.066%, 7d avg +0.006%
Together, before fees−0.017%+ Points / potential airdropHyperliquid: Season 2 · farm board−$2 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Hyperliquid is 0.060% dearer against BingX than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.006%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX BNB-USDT791.110.0053pay 0.0053% / 8h4h 32m—$34.4M—
ShortHyperliquid BNB791.630.0100get 0.0013% / 1h32m 23s$51.9M$17.6M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid against BingX. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

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latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$9.87
Price spread: +0.066% → +0.006%
$5.95
Slippage, 4 orders
−$3.65
Fee BingX: 5 bp × 2 orders
−$10
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$6.83
Costs to cover
0.226%
Break-even
11.8 days
Slippage from BingX: live order book, 6 min ago; Hyperliquid: live order book, 11 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy BingX live order book, 6 min ago0.13 bp6.1 bp −$66.3 bp −$639.6 bp −$95526.1 bp −$13.1K
Sell Hyperliquid live order book, 11 min ago0.13 bp5.4 bp −$5doesn't fitdoesn't fitdoesn't fit

BNB on 46 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GMX BNB/USD [WBTC.b-USDC]L −0.0185% / S +0.0350%1h791.01−0.013%$46K—200xas long as short
Hotstuff BNB-PERP−0.0080%1h791.41+0.038%$4K$4225xas long as short
StandX BNB-USD0.0000%1h789.31−0.228%$851K$3.2M30xas long as short
gTrade (Gains Network) BNB/USDL +0.0007% / S −0.0007%1h790.96−0.019%$9.5M—150xas long as short
Injective BNB/USDC PERP+0.0033%1h805.09+1.767%$19K$789K30xas long as short
Aster BNBUSDT+0.0043%8h791.58+0.059%$6.1M$18.7M200xas long as short
BingX BNB-USDTlong+0.0053%8h791.11long leg—$34.4M—
Phemex BNBUSDT+0.0063%8h791.74+0.080%$69.3M$49.9M50xas long as short
Coinbase International BNB-PERP-INTX+0.0064%1h789.45−0.210%$582K$1.9M50xas long as short
MEXC BNB_USDT+0.0065%8h791.90+0.100%$80.3M$12.3M200xas long as short
Show all 46 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance BNBUSDT+0.0066%8h791.65+0.068%$494.2M$788.9M75xas long as short
Lighter BNB+0.0096%1h791.24+0.016%$2.8M$3.8M20xas long as short
Orderly PERP_BNB_USDC+0.0100%8h791.12+0.001%$266K$492K50xas long as short
Nado BNB-PERP+0.0100%1h790.80−0.039%$1.5M$2.6M20xas long as short
Hyperliquid BNBshort+0.0100%1h791.63+0.066%$51.9M$17.6M10x
Pacifica BNB+0.0100%1h791.24+0.016%$1.2M$931K20xas long as short
Bybit BNBUSDT+0.0100%8h790.80−0.039%$139.1M$74.6M75xas long as short
OKX BNB-USDT-SWAP+0.0100%8h790.80−0.039%$53.5M$111.4M50xas long as short
Arcus BNB-USD+0.0100%1h791.20+0.011%$52K$130K10xas long as short
Gate BNB_USDT+0.0100%8h790.90−0.027%$35.4M$56.8M75xas long as short
KuCoin BNBUSDTM+0.0100%8h790.85−0.033%$27.7M$10.3M75xas long as short
Bitget BNBUSDT+0.0100%8h790.65−0.058%$76.5M$30.1M75xas long as short
Backpack BNB_USDC_PERP+0.0100%1h791.25+0.018%$2.2M$6.1M40xas long as short
Variational Omni BNB+0.0100%8h788.01−0.392%$4.1M$4.6M—as long as short
edgeX BNBUSDC+0.0100%4h789.56−0.196%$4.1M$73.6M30xas long as short
ApeX Omni BNBUSDT+0.0100%1h789.35−0.222%$159K$440K50xas long as short
Polymarket Perps BNB-USD+0.0100%1h790.95−0.020%$134K$950K10xas long as short
Derive BNB-PERP+0.0100%1h791.16+0.006%$31K$12K10xas long as short
SunX BNB-USDT+0.0100%8h791.62+0.064%$12K$1.5M50xas long as short
SoDEX BNB-USD+0.0100%1h791.20+0.011%$389K$1.0M10xas long as short
HTX BNB-USDT+0.0100%8h791.11−0.001%$8.1M$9.4M75xas long as short
Paradex BNB-USD-PERP+0.0101%8h791.71+0.076%$77K$17K50xas long as short
Extended BNB-USD+0.0104%1h790.59−0.065%$1.8M$5.9M50xas long as short
Aevo BNB-PERP+0.0104%1h791.09−0.003%$380K$110K10xas long as short
Phoenix BNB+0.0117%1h789.61−0.190%$170K$35K10xas long as short
dYdX BNB-USD+0.0133%1h790.55−0.071%$160K$64K10xas long as short
GRVT BNB_USDT_Perp+0.0139%8h789.87−0.157%$2.9M$28.3M10xas long as short
Kalshi KXBNBPERP+0.0180%8h790.30−0.102%$124K$2.7M4.8xas long as short
BloFin BNB-USDT+0.0185%8h791.14+0.004%$18.1M$2.2M75xas long as short
01 Exchange BNBUSD+0.0232%1h791.65+0.068%$28K$4K10xas long as short
Bulk BNB-USD+0.0245%1h789.82−0.163%$640K$9K10xas long as short
Kraken Futures PF_BNBUSD+0.0263%1h791.10−0.002%$2.5M$1.2M50xas long as short
Deribit BNB_USDC-PERPETUAL+0.0300%1h791.56+0.056%$1.5M$143K25xas long as short
Reya BNBRUSDPERP+0.0326%1h790.65−0.058%$6K$3K40xas long as short
Hibachi BNB/USDT-P+0.0448%1h790.70−0.052%$68K$38K12xas long as short
RISEx BNB/USDC+0.0461%1h791.36+0.032%$1.1M$973K20xas long as short