Funding you earn now, next payment 09:00 UTC+0.0180%/8h= +19.7% APRnext payment +$0.23 per $10,000 · paid last 24h +0.101%
Price spread now: Backpack against Hotstuff+0.080%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Backpack is 0.080% dearer against Hotstuff than usual: you sell high and buy low: +$8 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 | 786.41 | −0.0080 | get 0.0010% / 1h | 23m 16s | $4K | — | 25x |
| Short | Backpack BNB_USDC_PERP | 787.04 | 0.0100 | get 0.0013% / 1h | 23m 16s | $2.2M | $6.1M | 40x |
Hotstuff BNB-PERP
Backpack BNB_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against Hotstuff. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $37.8
- Price spread: +0.080% → 0.000%
- $8.01
- Slippage, 4 orders
- no order book: not counted
- Fee Hotstuff: 2.5 bp × 2 orders
- −$5
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- $30.81
- Costs to cover
- 0.150%
- Break-even
- 1.3 days
Slippage unknown: Hotstuff: no order-book sample; Backpack: live order book, 1 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 Backpack live order book, 1 min ago | 0.06 bp | 5.1 bp −$5 | 7.0 bp −$70 | doesn't fit | 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 −0.0166% / S +0.0337% | 1h | 786.72 | +0.039% | $43K | — | 200x | as long as short |
| Hotstuff BNB-PERPlong | −0.0080% | 1h | 786.41 | long leg | $4K | — | 25x | |
| Kraken Futures PF_BNBUSD | −0.0021% | 1h | 786.69 | +0.036% | $2.5M | $1.2M | 50x | as long as short |
| GRVT BNB_USDT_Perp | 0.0000% | 8h | 785.24 | −0.149% | $3.0M | $27.1M | 10x | as long as short |
| StandX BNB-USD | 0.0000% | 1h | 786.15 | −0.033% | $848K | $2.7M | 30x | as long as short |
| gTrade (Gains Network) BNB/USD | L +0.0007% / S −0.0007% | 1h | 786.57 | +0.021% | $9.5M | — | 150x | as long as short |
| Aster BNBUSDT | +0.0018% | 8h | 787.31 | +0.114% | $6.0M | $18.2M | 200x | as long as short |
| BingX BNB-USDC | +0.0029% | 8h | 786.37 | −0.005% | — | $13.4M | — | as long as short |
| Injective BNB/USDC PERP | +0.0033% | 1h | 805.09 | +2.375% | $19K | $789K | 30x | as long as short |
| MEXC BNB_USDT | +0.0035% | 8h | 788.50 | +0.266% | $82.8M | $12.3M | 200x | as long as short |
GMX BNB/USD [WBTC.b-USDC]
Kraken Futures PF_BNBUSD
GRVT BNB_USDT_Perp
StandX BNB-USD
gTrade (Gains Network) BNB/USD
Aster BNBUSDT
BingX BNB-USDC
Injective BNB/USDC PERP
MEXC BNB_USDTShow all 46 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance BNBUSDT | +0.0035% | 8h | 787.33 | +0.117% | $488.9M | $805.5M | 75x | as long as short |
| Lighter BNB | +0.0096% | 1h | 786.93 | +0.066% | $2.7M | $3.7M | 20x | as long as short |
| Nado BNB-PERP | +0.0100% | 1h | 785.80 | −0.078% | $1.4M | $2.6M | 20x | as long as short |
| Hyperliquid BNB | +0.0100% | 1h | 787.08 | +0.085% | $51.6M | $17.3M | 10x | as long as short |
| Pacifica BNB | +0.0100% | 1h | 786.36 | −0.006% | $1.2M | $937K | 20x | as long as short |
| Bybit BNBUSDT | +0.0100% | 8h | 786.70 | +0.037% | $138.6M | $72.9M | 75x | as long as short |
| OKX BNB-USDT-SWAP | +0.0100% | 8h | 786.50 | +0.011% | $53.4M | $110.1M | 50x | as long as short |
| Arcus BNB-USD | +0.0100% | 1h | 786.30 | −0.014% | $52K | $125K | 10x | as long as short |
| Gate BNB_USDT | +0.0100% | 8h | 786.60 | +0.024% | $39.6M | $56.0M | 75x | as long as short |
| KuCoin BNBUSDTM | +0.0100% | 8h | 786.49 | +0.010% | $27.8M | $9.9M | 75x | as long as short |
| Bitget BNBUSDT | +0.0100% | 8h | 786.36 | −0.006% | $75.4M | $32.3M | 75x | as long as short |
| Backpack BNB_USDC_PERPshort | +0.0100% | 1h | 787.04 | +0.080% | $2.2M | $6.1M | 40x | |
| Variational Omni BNB | +0.0100% | 8h | 783.60 | −0.358% | $4.3M | $5.0M | — | as long as short |
| edgeX BNBUSDC | +0.0100% | 4h | 785.05 | −0.173% | $4.1M | $76.1M | 30x | as long as short |
| ApeX Omni BNBUSDT | +0.0100% | 1h | 784.89 | −0.193% | $158K | $439K | 50x | as long as short |
| Polymarket Perps BNB-USD | +0.0100% | 1h | 786.44 | +0.004% | $131K | $922K | 10x | as long as short |
| Orderly PERP_BNB_USDC | +0.0100% | 8h | 786.71 | +0.038% | $264K | $357K | 50x | as long as short |
| Derive BNB-PERP | +0.0100% | 1h | 784.27 | −0.273% | $31K | $12K | 10x | as long as short |
| SunX BNB-USDT | +0.0100% | 8h | 786.30 | −0.014% | $12K | $1.5M | 50x | as long as short |
| SoDEX BNB-USD | +0.0100% | 1h | 786.90 | +0.062% | $387K | $940K | 10x | as long as short |
| HTX BNB-USDT | +0.0100% | 8h | 786.44 | +0.004% | $8.0M | $10.3M | 75x | as long as short |
| Paradex BNB-USD-PERP | +0.0100% | 8h | 786.66 | +0.032% | $88K | $42K | 50x | as long as short |
| Extended BNB-USD | +0.0104% | 1h | 786.28 | −0.016% | $1.8M | $5.8M | 50x | as long as short |
| Aevo BNB-PERP | +0.0104% | 1h | 786.59 | +0.023% | $378K | $110K | 10x | as long as short |
| Kalshi KXBNBPERP | +0.0109% | 8h | 787.30 | +0.113% | $160K | $2.6M | 4.8x | as long as short |
| Phemex BNBUSDT | +0.0114% | 8h | 787.24 | +0.106% | $68.5M | $51.0M | 50x | as long as short |
| Coinbase International BNB-PERP-INTX | +0.0120% | 1h | 787.14 | +0.093% | $548K | $1.9M | 50x | as long as short |
| Phoenix BNB | +0.0120% | 1h | 785.71 | −0.089% | $158K | $38K | 10x | as long as short |
| BloFin BNB-USDT | +0.0141% | 8h | 787.11 | +0.089% | $17.8M | $2.2M | 75x | as long as short |
| Deribit BNB_USDC-PERPETUAL | +0.0200% | 1h | 787.13 | +0.091% | $1.5M | $141K | 25x | as long as short |
| Bulk BNB-USD | +0.0200% | 1h | 784.80 | −0.205% | $636K | $630 | 10x | as long as short |
| dYdX BNB-USD | +0.0208% | 1h | 784.81 | −0.203% | $157K | $65K | 10x | as long as short |
| 01 Exchange BNBUSD | +0.0232% | 1h | 786.68 | +0.034% | $28K | $3K | 10x | as long as short |
| Reya BNBRUSDPERP | +0.0319% | 1h | 786.20 | −0.026% | $6K | $3K | 40x | as long as short |
| RISEx BNB/USDC | +0.0355% | 1h | 786.44 | +0.004% | $1.1M | $887K | 20x | as long as short |
| Hibachi BNB/USDT-P | +0.0408% | 1h | 785.64 | −0.098% | $67K | $39K | 12x | as long as short |
Binance BNBUSDT
Lighter BNB
Nado BNB-PERP
Hyperliquid BNB
Pacifica BNB
Bybit BNBUSDT
OKX BNB-USDT-SWAP
Arcus BNB-USD
Gate BNB_USDT
KuCoin BNBUSDTM
Bitget BNBUSDT
Variational Omni BNB
edgeX BNBUSDC
ApeX Omni BNBUSDT
Polymarket Perps BNB-USD
Orderly PERP_BNB_USDC
Derive BNB-PERP
SunX BNB-USDT
SoDEX BNB-USD
HTX BNB-USDT
Paradex BNB-USD-PERP
Extended BNB-USD
Aevo BNB-PERP
Kalshi KXBNBPERP
Phemex BNBUSDT
Coinbase International BNB-PERP-INTX
Phoenix BNB
BloFin BNB-USDT
Deribit BNB_USDC-PERPETUAL
Bulk BNB-USD
dYdX BNB-USD
01 Exchange BNBUSD
Reya BNBRUSDPERP
RISEx BNB/USDC
Hibachi BNB/USDT-P