BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0294%/8h= −32.2% APRnext payment −$0.37 per $10,000 · paid last 24h −0.109%

Price spread now: Hotstuff against Bulk−0.134%7-day average — · you buy dearer than you sell

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

Long on Bulk Short 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

Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and Hotstuff is 0.134% cheaper against Bulk than usual: you would sell low and buy high (−$13 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bulk BNB-USD	799.38	0.0214	pay 0.0027% / 1h	11m 31s	$649K	$17K	10x
Short	Hotstuff BNB-PERP	798.31	−0.0080	pay 0.0010% / 1h	11m 31s	$4K	$1K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hotstuff against Bulk. 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 BulkbpFee HotstuffbpOrdersPrice spread, now −0.134%Rate

Funding earned: −$61.73
Price spread: −0.134% → 0.000%: −$13.39
Slippage, 4 orders: no order book: not counted
Fee Bulk: 3.5 bp × 2 orders: −$7
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Net: −$87.11
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Bulk: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Bulk live order book, 3 min ago	0.06 bp	3.6 bp −$4	3.6 bp −$36	4.9 bp −$488	11.1 bp −$5,571
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 −0.0201% / S +0.0372%	1h	798.44	−0.117%	$47K	—	200x	as long as short
Hotstuff BNB-PERPshort	−0.0080%	1h	798.31	−0.134%	$4K	$1K	25x
Kraken Futures PF_BNBUSD	−0.0074%	1h	798.15	−0.154%	$2.5M	$974K	50x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	798.80	−0.073%	$3.0M	$27.9M	10x	as long as short
StandX BNB-USD	0.0000%	1h	799.15	−0.029%	$864K	$2.9M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	798.46	−0.116%	$9.7M	—	150x	as long as short
Variational Omni BNB	+0.0010%	8h	798.73	−0.081%	$4.1M	$5.3M	—	as long as short
BingX BNB-USDT	+0.0033%	8h	798.04	−0.168%	—	$34.7M	—	as long as short
Bybit BNBUSDT	+0.0039%	8h	797.70	−0.210%	$138.5M	$76.8M	75x	as long as short
Coinbase International BNB-PERP-INTX	+0.0072%	1h	798.77	−0.076%	$604K	$983K	50x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster BNBUSDT	+0.0083%	8h	798.64	−0.093%	$6.2M	$19.1M	200x	as long as short
Lighter BNB	+0.0096%	1h	798.32	−0.132%	$2.8M	$4.1M	20x	as long as short
Nado BNB-PERP	+0.0100%	1h	797.70	−0.210%	$1.4M	$2.7M	20x	as long as short
Pacifica BNB	+0.0100%	1h	798.27	−0.139%	$1.2M	$926K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	797.80	−0.198%	$54.3M	$112.6M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	798.30	−0.135%	$52K	$133K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	797.75	−0.204%	$35.7M	$58.5M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	798.08	−0.163%	$27.9M	$10.2M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	797.86	−0.190%	$79.0M	$27.5M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	798.97	−0.051%	$4.1M	$76.2M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	799.19	−0.024%	$161K	$438K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	797.88	−0.188%	$116K	$874K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	798.28	−0.138%	$386K	$494K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	798.43	−0.119%	$32K	$5K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	798.97	−0.052%	$13K	$1.7M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	798.50	−0.110%	$393K	$1.0M	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0100%	1h	798.74	−0.080%	$1.6M	$165K	25x	as long as short
HTX BNB-USDT	+0.0100%	8h	798.64	−0.092%	$8.2M	$8.0M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	798.71	−0.084%	$78K	$19K	50x	as long as short
Phemex BNBUSDT	+0.0101%	8h	798.80	−0.073%	$69.9M	$50.7M	50x	as long as short
Binance BNBUSDT	+0.0104%	8h	798.51	−0.109%	$497.5M	$817.7M	75x	as long as short
Extended BNB-USD	+0.0104%	1h	797.55	−0.229%	$1.7M	$6.5M	50x	as long as short
MEXC BNB_USDT	+0.0104%	8h	798.90	−0.060%	$83.0M	$13.6M	200x	as long as short
Aevo BNB-PERP	+0.0104%	1h	798.44	−0.118%	$384K	$40K	10x	as long as short
Phoenix BNB	+0.0127%	1h	799.20	−0.023%	$172K	$36K	10x	as long as short
Kalshi KXBNBPERP	+0.0141%	8h	799.30	−0.010%	$90K	$2.9M	4.8x	as long as short
Hibachi BNB/USDT-P	+0.0168%	1h	798.47	−0.113%	$70K	$43K	12x	as long as short
Bulk BNB-USDlong	+0.0214%	1h	799.38	long leg	$649K	$17K	10x
Hyperliquid BNB	+0.0224%	1h	798.82	−0.070%	$52.4M	$21.3M	10x	as long as short
BloFin BNB-USDT	+0.0225%	8h	798.80	−0.073%	$18.1M	$2.5M	75x	as long as short
RISEx BNB/USDC	+0.0258%	1h	798.12	−0.158%	$1.1M	$1.4M	20x	as long as short
01 Exchange BNBUSD	+0.0272%	1h	798.54	−0.105%	$28K	$1K	10x	as long as short
Injective BNB/USDC PERP	+0.0306%	1h	805.09	+0.714%	$19K	$789K	30x	as long as short
Reya BNBRUSDPERP	+0.0331%	1h	797.57	−0.227%	$6K	$3K	40x	as long as short
dYdX BNB-USD	+0.0342%	1h	798.70	−0.086%	$161K	$63K	10x	as long as short
Backpack BNB_USDC_PERP	+0.0344%	1h	799.05	−0.041%	$2.7M	$5.7M	40x	as long as short