Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0180%/8h= −19.7% APRpaid last 24h −0.054%

Price spread now: Hotstuff against Gate+0.077%7-day average — · you sell dearer than you buy

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

Long on Gate 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 pays, funding is against you. Hotstuff is 0.077% dearer against Gate than usual: you sell high and buy low (spread +0.077% now, against zero (this spread has no 7-day history yet)): +$8 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 34 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate BNB_USDT	791.65	0.0100	pay 0.0100% / 8h	5h 21m	$35.4M	$57.2M	75x
Short	Hotstuff BNB-PERP	792.26	−0.0080	pay 0.0010% / 1h	21m 07s	$4K	$239	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hotstuff against Gate. 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 GatebpFee HotstuffbpOrdersPrice spread, now +0.077%Rate

Funding earned: −$37.8
Price spread: +0.077% → 0.000%: $7.71
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Net: −$50.09
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Gate: 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 Gate live order book, 3 min ago	0.32 bp	9.9 bp −$10	12.7 bp −$127	26.5 bp −$2,650	54.9 bp −$27.4K
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 −0.0167% / S +0.0335%	1h	791.47	−0.023%	$46K	—	200x	as long as short
Hotstuff BNB-PERPshort	−0.0080%	1h	792.26	+0.077%	$4K	$239	25x
StandX BNB-USD	0.0000%	1h	791.62	−0.004%	$855K	$3.1M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	791.50	−0.019%	$9.7M	—	150x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+1.698%	$19K	$789K	30x	as long as short
Coinbase International BNB-PERP-INTX	+0.0048%	1h	792.03	+0.048%	$615K	$1.8M	50x	as long as short
Aster BNBUSDT	+0.0052%	8h	792.49	+0.106%	$6.3M	$18.7M	200x	as long as short
Phemex BNBUSDT	+0.0056%	8h	792.09	+0.056%	$69.4M	$51.0M	50x	as long as short
BingX BNB-USDC	+0.0059%	8h	791.75	+0.013%	—	$13.4M	—	as long as short
MEXC BNB_USDT	+0.0076%	8h	792.60	+0.120%	$80.5M	$12.5M	200x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance BNBUSDT	+0.0077%	8h	792.08	+0.054%	$495.0M	$797.2M	75x	as long as short
Kraken Futures PF_BNBUSD	+0.0091%	1h	791.32	−0.042%	$2.5M	$1.2M	50x	as long as short
Lighter BNB	+0.0096%	1h	791.74	+0.012%	$2.8M	$3.9M	20x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	791.57	−0.010%	$266K	$498K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	791.95	+0.038%	$1.5M	$2.6M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	792.18	+0.067%	$51.9M	$17.6M	10x	as long as short
Pacifica BNB	+0.0100%	1h	792.03	+0.048%	$1.2M	$908K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	791.47	−0.023%	$139.3M	$77.4M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	791.40	−0.032%	$53.7M	$112.1M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	792.20	+0.069%	$52K	$130K	10x	as long as short
Gate BNB_USDTlong	+0.0100%	8h	791.65	long leg	$35.4M	$57.2M	75x
KuCoin BNBUSDTM	+0.0100%	8h	791.38	−0.034%	$27.8M	$10.3M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	791.36	−0.037%	$77.0M	$30.0M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	791.85	+0.025%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	789.29	−0.298%	$4.1M	$4.6M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	790.37	−0.162%	$4.1M	$75.3M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	791.08	−0.072%	$159K	$440K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	791.81	+0.020%	$134K	$951K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	791.77	+0.015%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	792.09	+0.055%	$12K	$1.6M	50x	as long as short
HTX BNB-USDT	+0.0100%	8h	791.68	+0.003%	$8.1M	$9.2M	75x	as long as short
Paradex BNB-USD-PERP	+0.0102%	8h	792.76	+0.140%	$77K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	791.20	−0.057%	$1.8M	$5.9M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	791.53	−0.015%	$380K	$110K	10x	as long as short
Phoenix BNB	+0.0107%	1h	790.63	−0.129%	$170K	$35K	10x	as long as short
SoDEX BNB-USD	+0.0108%	1h	791.70	+0.006%	$389K	$1.0M	10x	as long as short
GRVT BNB_USDT_Perp	+0.0144%	8h	791.54	−0.014%	$3.0M	$28.0M	10x	as long as short
Kalshi KXBNBPERP	+0.0189%	8h	792.20	+0.069%	$83K	$2.8M	4.8x	as long as short
BloFin BNB-USDT	+0.0197%	8h	792.08	+0.054%	$18.2M	$2.2M	75x	as long as short
dYdX BNB-USD	+0.0226%	1h	791.76	+0.014%	$160K	$63K	10x	as long as short
01 Exchange BNBUSD	+0.0296%	1h	792.41	+0.096%	$28K	$4K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	791.99	+0.044%	$1.5M	$143K	25x	as long as short
Reya BNBRUSDPERP	+0.0327%	1h	791.55	−0.013%	$6K	$3K	40x	as long as short
RISEx BNB/USDC	+0.0361%	1h	792.33	+0.086%	$1.1M	$1.0M	20x	as long as short
Bulk BNB-USD	+0.0403%	1h	790.49	−0.146%	$640K	$6K	10x	as long as short
Hibachi BNB/USDT-P	+0.0600%	1h	791.26	−0.049%	$68K	$38K	12x	as long as short