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Funding arb · Price arb /

BNB

all BNB markets
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Alert: funding
Measured
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Alert: spread
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding you earn now, next payment 02:00 UTC−0.0180%/8h= −19.7% APRpaid last 24h −0.054%
Price spread now: Hotstuff against Bitget+0.065%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on BitgetShort on Hotstuff
What this pair did over the last
the charts below follow
Funding, last 3 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 pays, funding is against you. Hotstuff is 0.065% dearer against Bitget than usual: you sell high and buy low (spread +0.065% now, against zero (this spread has no 7-day history yet)): +$6 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 29 hours.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget BNBUSDT788.580.0100pay 0.0100% / 8h6h 11m$77.7M$29.9M75x
ShortHotstuff BNB-PERP789.09−0.0080pay 0.0010% / 1h11m 04s$4K$23925x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hotstuff against Bitget. 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

Funding earned
−$37.8
Price spread: +0.065% → 0.000%
$6.47
Slippage, 4 orders
no order book: not counted
Fee Bitget: 6 bp × 2 orders
−$12
Fee Hotstuff: 2.5 bp × 2 orders
−$5
Net
−$48.33
Costs to cover
0.170%
Break-even
never at this rate
Slippage unknown: Bitget: live order book, 3 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
LegHalf-spread$10k$100k$1M$5M
Buy Bitget live order book, 3 min ago0.06 bp6.3 bp −$69.5 bp −$9526.2 bp −$2,617doesn'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 45 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 −0.0167% / S +0.0335%1h788.59+0.001%$46K—200xas long as short
Kraken Futures PF_BNBUSD−0.0132%1h788.97+0.049%$2.5M$1.1M50xas long as short
Hotstuff BNB-PERPshort−0.0080%1h789.09+0.065%$4K$23925x
StandX BNB-USD0.0000%1h789.59+0.128%$853K$3.2M30xas long as short
gTrade (Gains Network) BNB/USDL +0.0008% / S −0.0007%1h788.59+0.002%$9.6M—150xas long as short
Aster BNBUSDT+0.0030%8h789.59+0.128%$6.2M$20.1M200xas long as short
Injective BNB/USDC PERP+0.0033%1h805.09+2.094%$19K$789K30xas long as short
Gate BNB_USDT+0.0045%8h788.90+0.041%$35.2M$57.4M75xas long as short
BingX BNB-USDT+0.0049%8h788.98+0.051%—$34.9M—as long as short
Variational Omni BNB+0.0050%8h788.61+0.004%$4.1M$4.9M—as long as short
Show all 45 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Coinbase International BNB-PERP-INTX+0.0056%1h788.82+0.030%$619K$1.9M50xas long as short
MEXC BNB_USDT+0.0062%8h789.90+0.167%$80.3M$13.1M200xas long as short
Phemex BNBUSDT+0.0062%8h789.61+0.131%$69.0M$50.7M50xas long as short
Binance BNBUSDT+0.0063%8h789.41+0.105%$494.3M$824.8M75xas long as short
GRVT BNB_USDT_Perp+0.0072%8h788.72+0.017%$2.9M$28.6M10xas long as short
dYdX BNB-USD+0.0081%1h788.84+0.033%$159K$63K10xas long as short
Phoenix BNB+0.0088%1h788.56−0.003%$169K$36K10xas long as short
Lighter BNB+0.0096%1h789.25+0.085%$2.8M$4.1M20xas long as short
Orderly PERP_BNB_USDC+0.0100%8h789.00+0.053%$381K$409K50xas long as short
Nado BNB-PERP+0.0100%1h788.35−0.029%$1.5M$2.7M20xas long as short
Hyperliquid BNB+0.0100%1h789.58+0.127%$51.7M$19.5M10xas long as short
Pacifica BNB+0.0100%1h788.82+0.031%$1.2M$915K20xas long as short
Bybit BNBUSDT+0.0100%8h788.71+0.016%$139.0M$79.7M75xas long as short
OKX BNB-USDT-SWAP+0.0100%8h788.60+0.003%$53.4M$113.9M50xas long as short
Arcus BNB-USD+0.0100%1h789.00+0.053%$52K$135K10xas long as short
KuCoin BNBUSDTM+0.0100%8h788.77+0.024%$27.8M$10.5M75xas long as short
Bitget BNBUSDTlong+0.0100%8h788.58long leg$77.7M$29.9M75x
edgeX BNBUSDC+0.0100%4h788.20−0.048%$4.1M$77.7M30xas long as short
ApeX Omni BNBUSDT+0.0100%1h788.71+0.016%$159K$438K50xas long as short
Polymarket Perps BNB-USD+0.0100%1h788.57−0.001%$137K$950K10xas long as short
Derive BNB-PERP+0.0100%1h789.08+0.063%$31K$9K10xas long as short
SunX BNB-USDT+0.0100%8h789.33+0.096%$12K$1.6M50xas long as short
SoDEX BNB-USD+0.0100%1h789.10+0.066%$388K$998K10xas long as short
HTX BNB-USDT+0.0100%8h788.64+0.008%$8.1M$9.0M75xas long as short
Paradex BNB-USD-PERP+0.0100%8h789.35+0.098%$77K$17K50xas long as short
Extended BNB-USD+0.0104%1h788.67+0.012%$1.8M$5.9M50xas long as short
Aevo BNB-PERP+0.0104%1h789.02+0.056%$379K$110K10xas long as short
RISEx BNB/USDC+0.0131%1h789.11+0.067%$1.1M$1.1M20xas long as short
Kalshi KXBNBPERP+0.0163%8h789.10+0.066%$92K$2.9M4.8xas long as short
Bulk BNB-USD+0.0244%1h794.01+0.689%$643K$13K10xas long as short
01 Exchange BNBUSD+0.0264%1h789.34+0.096%$28K$3K10xas long as short
Reya BNBRUSDPERP+0.0328%1h788.54−0.005%$6K$3K40xas long as short
Backpack BNB_USDC_PERP+0.0391%1h789.71+0.143%$2.7M$5.7M40xas long as short
Deribit BNB_USDC-PERPETUAL+0.0400%1h789.50+0.116%$1.5M$160K25xas long as short
Hibachi BNB/USDT-P+0.0544%1h788.77+0.024%$68K$39K12xas long as short