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Funding arb · Price arb /

BNB

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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 01:00 UTC+0.0276%/8h= +30.3% APRnext payment +$0.35 per $10,000 · paid last 24h +0.156%
Price spread now: dYdX against Hotstuff−0.130%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Long on HotstuffShort on dYdX
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. dYdX is 0.130% cheaper against Hotstuff than usual: you would sell low and buy high (spread −0.130% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$13 on $10k: about 38 hours of funding at the current rate (+$8 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHotstuff BNB-PERP799.55−0.0080get 0.0010% / 1h15m 31s$4K$23925x
ShortdYdX BNB-USD798.510.0196get 0.0025% / 1h15m 31s$161K$63K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

dYdX 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

Funding earned
$58.03
Price spread: −0.130% → 0.000%
−$13
Slippage, 4 orders
no order book: not counted
Fee Hotstuff: 2.5 bp × 2 orders
−$5
Fee dYdX: 5 bp × 2 orders
−$10
Net
$30.03
Costs to cover
0.150%
Break-even
3.4 days
Slippage unknown: Hotstuff: no order-book sample; dYdX: live order book, 58 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Hotstuff no order-book sample—————
Sell dYdX live order book, 58 min ago9.69 bp21.6 bp −$2252.9 bp −$52982.6 bp −$8,265129.5 bp −$64.8K
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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GMX BNB/USD [WBTC.b-USDC]L −0.0159% / S +0.0335%1h798.65−0.113%$47K—200xas long as short
Kraken Futures PF_BNBUSD−0.0121%1h798.89−0.082%$2.5M$1.0M50xas long as short
Hotstuff BNB-PERPlong−0.0080%1h799.55long leg$4K$23925x
Gate BNB_USDT−0.0002%8h798.85−0.088%$35.9M$56.9M75xas long as short
GRVT BNB_USDT_Perp0.0000%8h798.67−0.110%$3.0M$27.9M10xas long as short
StandX BNB-USD0.0000%1h799.64+0.011%$864K$2.9M30xas long as short
Variational Omni BNB+0.0005%8h798.43−0.141%$4.1M$5.0M—as long as short
BingX BNB-USDT+0.0007%8h799.20−0.044%—$35.0M—as long as short
gTrade (Gains Network) BNB/USDL +0.0008% / S −0.0007%1h798.65−0.113%$9.7M—150xas long as short
Phemex BNBUSDT+0.0023%8h799.53−0.003%$69.8M$50.2M50xas long as short
Show all 46 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective BNB/USDC PERP+0.0033%1h805.09+0.693%$19K$789K30xas long as short
Bybit BNBUSDT+0.0037%8h798.96−0.074%$138.7M$76.3M75xas long as short
Coinbase International BNB-PERP-INTX+0.0048%1h799.07−0.060%$615K$1.1M50xas long as short
Aster BNBUSDT+0.0052%8h799.36−0.024%$6.1M$19.4M200xas long as short
MEXC BNB_USDT+0.0074%8h800.20+0.081%$83.2M$13.7M200xas long as short
Binance BNBUSDT+0.0075%8h799.66+0.013%$496.5M$811.1M75xas long as short
Lighter BNB+0.0096%1h799.00−0.069%$2.8M$4.0M20xas long as short
Phoenix BNB+0.0099%1h798.98−0.071%$172K$36K10xas long as short
Nado BNB-PERP+0.0100%1h798.50−0.131%$1.5M$2.7M20xas long as short
Pacifica BNB+0.0100%1h799.21−0.043%$1.2M$937K20xas long as short
OKX BNB-USDT-SWAP+0.0100%8h798.90−0.081%$54.2M$111.0M50xas long as short
Arcus BNB-USD+0.0100%1h799.20−0.044%$53K$133K10xas long as short
KuCoin BNBUSDTM+0.0100%8h799.00−0.069%$27.9M$10.0M75xas long as short
Bitget BNBUSDT+0.0100%8h798.86−0.086%$78.2M$28.1M75xas long as short
edgeX BNBUSDC+0.0100%4h798.56−0.124%$4.2M$76.8M30xas long as short
ApeX Omni BNBUSDT+0.0100%1h798.57−0.123%$161K$435K50xas long as short
Polymarket Perps BNB-USD+0.0100%1h799.11−0.055%$113K$884K10xas long as short
Orderly PERP_BNB_USDC+0.0100%8h798.73−0.103%$386K$459K50xas long as short
Derive BNB-PERP+0.0100%1h798.86−0.087%$32K$5K10xas long as short
SunX BNB-USDT+0.0100%8h799.43−0.015%$13K$1.6M50xas long as short
SoDEX BNB-USD+0.0100%1h798.90−0.081%$393K$997K10xas long as short
HTX BNB-USDT+0.0100%8h798.45−0.138%$8.2M$8.3M75xas long as short
Paradex BNB-USD-PERP+0.0100%8h799.81+0.033%$78K$18K50xas long as short
Extended BNB-USD+0.0104%1h798.78−0.097%$1.8M$6.0M50xas long as short
Aevo BNB-PERP+0.0104%1h798.82−0.091%$384K$110K10xas long as short
Bulk BNB-USD+0.0138%1h797.80−0.219%$648K$10K10xas long as short
RISEx BNB/USDC+0.0155%1h799.17−0.048%$1.1M$1.4M20xas long as short
Kalshi KXBNBPERP+0.0159%8h799.30−0.031%$90K$2.8M4.8xas long as short
BloFin BNB-USDT+0.0195%8h798.84−0.089%$18.1M$2.6M75xas long as short
dYdX BNB-USDshort+0.0196%1h798.51−0.130%$161K$63K10x
01 Exchange BNBUSD+0.0200%1h799.33−0.028%$28K$1K10xas long as short
Hibachi BNB/USDT-P+0.0288%1h798.98−0.071%$68K$38K12xas long as short
Hyperliquid BNB+0.0294%1h799.99+0.055%$53.2M$20.3M10xas long as short
Deribit BNB_USDC-PERPETUAL+0.0300%1h799.24−0.038%$1.6M$161K25xas long as short
Reya BNBRUSDPERP+0.0330%1h798.81−0.093%$6K$3K40xas long as short
Backpack BNB_USDC_PERP+0.0427%1h799.61+0.008%$2.7M$5.7M40xas long as short