BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0121%/8h= +13.3% APRnext payment +$0.15 per $10,000 · paid last 24h +0.017%

Price spread now: Hotstuff against GMX−0.022%48s7-day average — · you buy dearer than you sell

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

Long on GMX 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

Funding pays, the price is against you. Hotstuff is 0.022% cheaper against GMX than usual: you would sell low and buy high (spread −0.022% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$2 on $10k: about 14 hours of funding at the current rate (+$4 a day). The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX BNB/USD [WBTC.b-USDC]	799.94	L −0.0201% / S +0.0372%	get 0.0025% / 1h	30m 38s	$47K	—	200x
Short	Hotstuff BNB-PERP	799.77	−0.0080	pay 0.0010% / 1h	30m 38s	$4K	$1K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hotstuff against GMX. 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 GMXbpFee HotstuffbpOrdersPrice spread, now −0.022%Rate

Funding earned: $25.48
Price spread: −0.022% → 0.000%: −$2.18
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Net: $6.3
Costs to cover: 0.170%
Break-even: 5.3 days

Slippage unknown: GMX: no order-book sample; 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 GMX no order-book sample	—	—	—	—	—
Sell Hotstuff no order-book sample	—	—	—	—	—

GMX and 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]long	L −0.0201% / S +0.0372%	1h	799.94	long leg	$47K	—	200x
Hotstuff BNB-PERPshort	−0.0080%	1h	799.77	−0.022%	$4K	$1K	25x
Kraken Futures PF_BNBUSD	−0.0074%	1h	799.57	−0.047%	$2.5M	$972K	50x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	800.38	+0.055%	$3.0M	$28.0M	10x	as long as short
StandX BNB-USD	0.0000%	1h	800.78	+0.105%	$865K	$2.9M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	799.97	+0.003%	$9.7M	—	150x	as long as short
Variational Omni BNB	+0.0017%	8h	799.36	−0.073%	$4.1M	$5.4M	—	as long as short
BingX BNB-USDT	+0.0041%	8h	799.45	−0.062%	—	$34.8M	—	as long as short
Bybit BNBUSDT	+0.0048%	8h	799.00	−0.118%	$138.6M	$77.4M	75x	as long as short
Coinbase International BNB-PERP-INTX	+0.0072%	1h	799.89	−0.007%	$606K	$993K	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	+0.0094%	8h	799.87	−0.009%	$6.3M	$18.9M	200x	as long as short
Lighter BNB	+0.0096%	1h	799.63	−0.040%	$2.8M	$4.1M	20x	as long as short
Nado BNB-PERP	+0.0100%	1h	799.64	−0.038%	$1.4M	$2.7M	20x	as long as short
Pacifica BNB	+0.0100%	1h	799.58	−0.046%	$1.2M	$926K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	799.10	−0.106%	$54.4M	$112.9M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	799.70	−0.031%	$53K	$133K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	799.25	−0.087%	$35.8M	$57.9M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	799.55	−0.049%	$28.0M	$10.3M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	799.04	−0.113%	$79.3M	$27.4M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	800.41	+0.059%	$4.2M	$76.8M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	800.53	+0.073%	$161K	$441K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	799.82	−0.016%	$117K	$875K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	799.69	−0.032%	$386K	$497K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	799.94	−0.001%	$32K	$5K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	800.22	+0.035%	$13K	$1.7M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	799.80	−0.018%	$393K	$1.0M	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	800.02	+0.009%	$8.2M	$8.0M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	799.96	+0.002%	$78K	$19K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	798.85	−0.136%	$1.8M	$6.5M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	799.86	−0.011%	$384K	$40K	10x	as long as short
Phemex BNBUSDT	+0.0111%	8h	800.24	+0.037%	$69.9M	$50.6M	50x	as long as short
MEXC BNB_USDT	+0.0115%	8h	800.30	+0.045%	$83.1M	$13.5M	200x	as long as short
Binance BNBUSDT	+0.0115%	8h	799.96	+0.002%	$499.5M	$815.9M	75x	as long as short
Kalshi KXBNBPERP	+0.0120%	8h	800.10	+0.019%	$110K	$2.9M	4.8x	as long as short
Phoenix BNB	+0.0127%	1h	800.57	+0.078%	$172K	$36K	10x	as long as short
Hibachi BNB/USDT-P	+0.0184%	1h	799.93	−0.002%	$70K	$44K	12x	as long as short
Hyperliquid BNB	+0.0184%	1h	800.13	+0.023%	$51.8M	$21.1M	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0200%	1h	800.13	+0.023%	$1.6M	$165K	25x	as long as short
BloFin BNB-USDT	+0.0236%	8h	800.28	+0.042%	$18.2M	$2.5M	75x	as long as short
Bulk BNB-USD	+0.0239%	1h	800.03	+0.011%	$650K	$19K	10x	as long as short
RISEx BNB/USDC	+0.0258%	1h	799.57	−0.047%	$1.1M	$1.4M	20x	as long as short
01 Exchange BNBUSD	+0.0304%	1h	800.08	+0.017%	$28K	$1K	10x	as long as short
Injective BNB/USDC PERP	+0.0306%	1h	805.09	+0.643%	$19K	$789K	30x	as long as short
Reya BNBRUSDPERP	+0.0332%	1h	799.52	−0.053%	$6K	$3K	40x	as long as short
dYdX BNB-USD	+0.0391%	1h	799.32	−0.078%	$161K	$62K	10x	as long as short
Backpack BNB_USDC_PERP	+0.0409%	1h	800.50	+0.070%	$2.7M	$5.7M	40x	as long as short