BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0280%/8h= −30.7% APRnext payment −$0.35 per $10,000 · paid last 24h −0.071%

Price spread now: Hotstuff against Deribit−0.006%7-day average — · you buy dearer than you sell

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

Long on Deribit 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

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$8 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit BNB_USDC-PERPETUAL	802.11	0.0200	pay 0.0025% / 1h	23m 27s	$1.6M	$165K	25x
Short	Hotstuff BNB-PERP	802.06	−0.0080	pay 0.0010% / 1h	23m 27s	$4K	$1K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hotstuff against Deribit. 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 DeribitbpFee HotstuffbpOrdersPrice spread, now −0.006%Rate

Funding earned: −$58.8
Price spread: −0.006% → 0.000%: −$0.59
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Net: −$71.39
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Deribit: live order book, 1 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 Deribit live order book, 1 min ago	2.12 bp	6.9 bp −$7	13.8 bp −$138	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 −0.0201% / S +0.0372%	1h	801.76	−0.043%	$48K	—	200x	as long as short
Hotstuff BNB-PERPshort	−0.0080%	1h	802.06	−0.006%	$4K	$1K	25x
GRVT BNB_USDT_Perp	0.0000%	8h	801.96	−0.018%	$3.0M	$29.6M	10x	as long as short
Kalshi KXBNBPERP	0.0000%	8h	802.50	+0.049%	$158K	$2.9M	4.8x	as long as short
StandX BNB-USD	0.0000%	1h	802.56	+0.056%	$867K	$2.8M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	801.77	−0.041%	$9.7M	—	150x	as long as short
Variational Omni BNB	+0.0039%	8h	800.35	−0.219%	$4.1M	$5.3M	—	as long as short
BingX BNB-USDT	+0.0065%	8h	801.64	−0.058%	—	$35.0M	—	as long as short
Bybit BNBUSDT	+0.0076%	8h	801.50	−0.076%	$139.6M	$83.2M	75x	as long as short
Lighter BNB	+0.0096%	1h	801.68	−0.054%	$2.8M	$4.2M	20x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International BNB-PERP-INTX	+0.0096%	1h	801.17	−0.117%	$610K	$1.0M	50x	as long as short
Aster BNBUSDT	+0.0100%	8h	802.06	−0.007%	$6.3M	$19.2M	200x	as long as short
Nado BNB-PERP	+0.0100%	1h	801.13	−0.122%	$1.4M	$2.8M	20x	as long as short
Pacifica BNB	+0.0100%	1h	801.64	−0.059%	$1.2M	$926K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	801.60	−0.063%	$54.8M	$117.4M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	802.10	−0.001%	$53K	$170K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	801.40	−0.088%	$35.8M	$58.4M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	801.69	−0.052%	$28.0M	$10.7M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	801.54	−0.071%	$81.0M	$26.9M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	801.76	−0.043%	$4.2M	$77.5M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	801.51	−0.075%	$161K	$442K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	801.82	−0.036%	$121K	$880K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	801.67	−0.055%	$387K	$568K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	801.86	−0.031%	$32K	$5K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	802.25	+0.017%	$12K	$1.7M	50x	as long as short
HTX BNB-USDT	+0.0100%	8h	801.69	−0.053%	$8.2M	$7.9M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	801.98	−0.016%	$78K	$19K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	801.20	−0.113%	$1.8M	$6.2M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	801.85	−0.033%	$385K	$40K	10x	as long as short
SoDEX BNB-USD	+0.0115%	1h	801.80	−0.038%	$394K	$1.0M	10x	as long as short
MEXC BNB_USDT	+0.0118%	8h	802.80	+0.086%	$83.5M	$13.8M	200x	as long as short
Binance BNBUSDT	+0.0119%	8h	802.29	+0.023%	$504.1M	$828.8M	75x	as long as short
Phemex BNBUSDT	+0.0121%	8h	802.18	+0.009%	$70.1M	$51.7M	50x	as long as short
Phoenix BNB	+0.0155%	1h	802.16	+0.007%	$172K	$35K	10x	as long as short
Hibachi BNB/USDT-P	+0.0168%	1h	801.82	−0.036%	$71K	$48K	12x	as long as short
Deribit BNB_USDC-PERPETUALlong	+0.0200%	1h	802.11	long leg	$1.6M	$165K	25x
Kraken Futures PF_BNBUSD	+0.0206%	1h	801.56	−0.069%	$2.6M	$983K	50x	as long as short
dYdX BNB-USD	+0.0232%	1h	801.98	−0.016%	$162K	$62K	10x	as long as short
BloFin BNB-USDT	+0.0239%	8h	802.28	+0.021%	$18.4M	$2.6M	75x	as long as short
Hyperliquid BNB	+0.0303%	1h	802.78	+0.084%	$51.9M	$21.9M	10x	as long as short
Injective BNB/USDC PERP	+0.0311%	1h	805.09	+0.372%	$19K	$789K	30x	as long as short
RISEx BNB/USDC	+0.0318%	1h	801.92	−0.023%	$1.1M	$1.4M	20x	as long as short
01 Exchange BNBUSD	+0.0328%	1h	802.49	+0.048%	$28K	$1K	10x	as long as short
Reya BNBRUSDPERP	+0.0333%	1h	801.49	−0.077%	$6K	$3K	40x	as long as short
Bulk BNB-USD	+0.0354%	1h	801.59	−0.065%	$651K	$21K	10x	as long as short
Backpack BNB_USDC_PERP	+0.0633%	1h	802.37	+0.033%	$2.7M	$5.7M	40x	as long as short