Funding arb · Price arb /

BNB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0178%/8h= +19.5% APRpaid last 24h +0.065%

Price spread now: Aster against Hotstuff+0.025%7-day average — · you sell dearer than you buy

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

Long on Hotstuff Short on Aster

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 · Aster: Stage 5 · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Aster is 0.025% dearer against Hotstuff than usual: you sell high and buy low: +$2 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hotstuff BNB-PERP	806.98	−0.0080	get 0.0010% / 1h	17m 54s	$4K	$1K	25x
Short	Aster BNBUSDT	807.18	0.0098	get 0.0098% / 8h	2h 17m	$6.4M	$18.8M	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Hotstuff. 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 HotstuffbpFee AsterbpOrdersPrice spread, now +0.025%Rate

Funding earned: $37.38
Price spread: +0.025% → 0.000%: $2.48
Slippage, 4 orders: no order book: not counted
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Fee Aster: 4 bp × 2 orders: −$8
Net: $26.86
Costs to cover: 0.130%
Break-even: 2.0 days

Slippage unknown: Hotstuff: no order-book sample; Aster: live order book, 6 min ago. 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 Hotstuff no order-book sample	—	—	—	—	—
Sell Aster live order book, 6 min ago	0.06 bp	4.1 bp −$4	5.8 bp −$58	16.1 bp −$1,609	doesn't fit

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 −0.0195% / S +0.0371%	1h	806.49	−0.061%	$49K	—	200x	as long as short
Hotstuff BNB-PERPlong	−0.0080%	1h	806.98	long leg	$4K	$1K	25x
GRVT BNB_USDT_Perp	0.0000%	8h	806.55	−0.053%	$3.0M	$29.4M	10x	as long as short
Kalshi KXBNBPERP	0.0000%	8h	807.10	+0.015%	$114K	$2.5M	4.8x	as long as short
StandX BNB-USD	0.0000%	1h	806.70	−0.035%	$872K	$2.9M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	806.52	−0.056%	$9.8M	—	150x	as long as short
Kraken Futures PF_BNBUSD	+0.0038%	1h	806.59	−0.048%	$2.5M	$908K	50x	as long as short
Variational Omni BNB	+0.0050%	8h	805.91	−0.133%	$4.1M	$5.4M	—	as long as short
BingX BNB-USDC	+0.0054%	8h	806.57	−0.051%	—	$13.3M	—	as long as short
Bybit BNBUSDT	+0.0077%	8h	806.20	−0.097%	$139.9M	$82.5M	75x	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	+0.0088%	1h	806.90	−0.010%	$610K	$883K	50x	as long as short
Lighter BNB	+0.0096%	1h	806.71	−0.034%	$2.8M	$4.2M	20x	as long as short
Aster BNBUSDTshort	+0.0098%	8h	807.18	+0.025%	$6.4M	$18.8M	200x
Nado BNB-PERP	+0.0100%	1h	806.30	−0.084%	$1.4M	$2.8M	20x	as long as short
Pacifica BNB	+0.0100%	1h	806.70	−0.035%	$1.2M	$924K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	806.40	−0.072%	$55.2M	$116.2M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	807.00	+0.002%	$53K	$170K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	806.30	−0.084%	$36.1M	$58.9M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	806.38	−0.074%	$28.2M	$10.5M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	806.11	−0.108%	$79.1M	$24.7M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	806.96	−0.003%	$4.2M	$76.9M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	806.58	−0.050%	$159K	$437K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	806.50	−0.059%	$115K	$872K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	806.55	−0.053%	$390K	$593K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	806.73	−0.031%	$32K	$5K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	807.22	+0.029%	$14K	$1.7M	50x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0100%	1h	807.07	+0.012%	$1.6M	$165K	25x	as long as short
HTX BNB-USDT	+0.0100%	8h	806.57	−0.051%	$8.2M	$7.5M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	807.24	+0.032%	$79K	$19K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	806.19	−0.098%	$1.9M	$6.1M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	806.76	−0.027%	$388K	$40K	10x	as long as short
MEXC BNB_USDT	+0.0113%	8h	807.50	+0.064%	$84.8M	$13.6M	200x	as long as short
Binance BNBUSDT	+0.0114%	8h	807.12	+0.017%	$521.5M	$806.0M	75x	as long as short
Phoenix BNB	+0.0125%	1h	806.38	−0.074%	$173K	$35K	10x	as long as short
Phemex BNBUSDT	+0.0126%	8h	807.14	+0.020%	$70.4M	$51.8M	50x	as long as short
Hyperliquid BNB	+0.0194%	1h	807.15	+0.021%	$51.9M	$21.4M	10x	as long as short
RISEx BNB/USDC	+0.0209%	1h	806.82	−0.020%	$1.2M	$1.5M	20x	as long as short
SoDEX BNB-USD	+0.0209%	1h	806.60	−0.047%	$397K	$1.0M	10x	as long as short
Bulk BNB-USD	+0.0217%	1h	806.94	−0.005%	$652K	$11K	10x	as long as short
BloFin BNB-USDT	+0.0233%	8h	807.11	+0.016%	$18.8M	$3.1M	75x	as long as short
Hibachi BNB/USDT-P	+0.0240%	1h	806.71	−0.034%	$72K	$48K	12x	as long as short
dYdX BNB-USD	+0.0244%	1h	807.07	+0.011%	$171K	$55K	10x	as long as short
Reya BNBRUSDPERP	+0.0334%	1h	806.31	−0.084%	$6K	$3K	40x	as long as short
01 Exchange BNBUSD	+0.0344%	1h	807.48	+0.062%	$29K	$1K	10x	as long as short
Injective BNB/USDC PERP	+0.0353%	1h	804.89	−0.259%	$19K	$627K	30x	as long as short
Backpack BNB_USDC_PERP	+0.0653%	1h	807.48	+0.062%	$3.0M	$5.5M	40x	as long as short