Funding you earn now, next payment 06:00 UTC+0.0282%/8h= +30.9% APRpaid last 24h +0.024%
Price spread now: GRVT against Hotstuff+0.228%57s7-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
=Together, before fees—+ Points / potential airdropHotstuff: Active · GRVT: Active · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and GRVT is 0.228% dearer against Hotstuff than usual: you sell high and buy low: +$23 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 57 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 | Hotstuff BNB-PERP | 785.83 | −0.0080 | get 0.0010% / 1h | 42m 30s | $4K | $42 | 25x |
| Short | GRVT BNB_USDT_Perp | 787.62 | 0.0202 | get 0.0202% / 8h | 2h 42m | $2.9M | $29.3M | 10x |
Hotstuff BNB-PERP
GRVT BNB_USDT_PerpFunding history
latest
Range statsloading…
Price spread between the two exchanges
GRVT 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
- $59.22
- Price spread: +0.228% → 0.000%
- $22.83
- Slippage, 4 orders
- no order book: not counted
- Fee Hotstuff: 2.5 bp × 2 orders
- −$5
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Net
- $68.05
- Costs to cover
- 0.140%
- Break-even
- from the start
Slippage unknown: Hotstuff: no order-book sample; GRVT: live order book, 7 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 GRVT live order book, 7 min ago | 0.06 bp | 4.6 bp −$5 | 7.0 bp −$70 | 24.0 bp −$2,404 | 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 −0.0192% / S +0.0356% | 1h | 785.49 | −0.044% | $46K | — | 200x | as long as short |
| Hotstuff BNB-PERPlong | −0.0080% | 1h | 785.83 | long leg | $4K | $42 | 25x | |
| StandX BNB-USD | 0.0000% | 1h | 787.38 | +0.197% | $849K | $3.1M | 30x | as long as short |
| gTrade (Gains Network) BNB/USD | L +0.0007% / S −0.0007% | 1h | 785.61 | −0.028% | $9.5M | — | 150x | as long as short |
| Aster BNBUSDT | +0.0028% | 8h | 785.94 | +0.014% | $6.1M | $18.9M | 200x | as long as short |
| Injective BNB/USDC PERP | +0.0033% | 1h | 805.09 | +2.451% | $19K | $789K | 30x | as long as short |
| BingX BNB-USDT | +0.0041% | 8h | 785.67 | −0.020% | — | $22.1M | — | as long as short |
| MEXC BNB_USDT | +0.0051% | 8h | 786.50 | +0.085% | $79.7M | $11.8M | 200x | as long as short |
| Binance BNBUSDT | +0.0052% | 8h | 785.86 | +0.004% | $489.5M | $804.6M | 75x | as long as short |
| Phemex BNBUSDT | +0.0054% | 8h | 786.12 | +0.037% | $68.8M | $50.6M | 50x | as long as short |
GMX BNB/USD [WBTC.b-USDC]
StandX BNB-USD
gTrade (Gains Network) BNB/USD
Aster BNBUSDT
Injective BNB/USDC PERP
BingX BNB-USDT
MEXC BNB_USDT
Binance BNBUSDT
Phemex BNBUSDTShow all 46 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| dYdX BNB-USD | +0.0057% | 1h | 785.67 | −0.020% | $159K | $61K | 10x | as long as short |
| Kraken Futures PF_BNBUSD | +0.0069% | 1h | 785.57 | −0.033% | $2.5M | $1.2M | 50x | as long as short |
| Coinbase International BNB-PERP-INTX | +0.0080% | 1h | 787.46 | +0.207% | $578K | $1.9M | 50x | as long as short |
| Lighter BNB | +0.0096% | 1h | 785.84 | +0.001% | $2.7M | $3.8M | 20x | as long as short |
| Orderly PERP_BNB_USDC | +0.0100% | 8h | 785.66 | −0.022% | $264K | $489K | 50x | as long as short |
| Nado BNB-PERP | +0.0100% | 1h | 785.20 | −0.080% | $1.4M | $2.7M | 20x | as long as short |
| Hyperliquid BNB | +0.0100% | 1h | 786.32 | +0.062% | $51.6M | $17.4M | 10x | as long as short |
| Pacifica BNB | +0.0100% | 1h | 785.89 | +0.008% | $1.2M | $933K | 20x | as long as short |
| Bybit BNBUSDT | +0.0100% | 8h | 785.20 | −0.080% | $137.9M | $74.1M | 75x | as long as short |
| OKX BNB-USDT-SWAP | +0.0100% | 8h | 785.10 | −0.093% | $53.3M | $111.5M | 50x | as long as short |
| Arcus BNB-USD | +0.0100% | 1h | 785.70 | −0.017% | $52K | $129K | 10x | as long as short |
| Gate BNB_USDT | +0.0100% | 8h | 785.45 | −0.048% | $36.2M | $58.0M | 75x | as long as short |
| KuCoin BNBUSDTM | +0.0100% | 8h | 785.79 | −0.005% | $27.5M | $10.2M | 75x | as long as short |
| Bitget BNBUSDT | +0.0100% | 8h | 784.97 | −0.109% | $76.0M | $30.7M | 75x | as long as short |
| Backpack BNB_USDC_PERP | +0.0100% | 1h | 786.16 | +0.042% | $2.2M | $6.1M | 40x | as long as short |
| Variational Omni BNB | +0.0100% | 8h | 786.41 | +0.074% | $4.1M | $4.6M | — | as long as short |
| edgeX BNBUSDC | +0.0100% | 4h | 787.45 | +0.206% | $4.1M | $74.7M | 30x | as long as short |
| ApeX Omni BNBUSDT | +0.0100% | 1h | 787.06 | +0.157% | $158K | $439K | 50x | as long as short |
| Polymarket Perps BNB-USD | +0.0100% | 1h | 785.08 | −0.095% | $131K | $951K | 10x | as long as short |
| Derive BNB-PERP | +0.0100% | 1h | 785.75 | −0.011% | $31K | $12K | 10x | as long as short |
| SunX BNB-USDT | +0.0100% | 8h | 786.42 | +0.075% | $12K | $1.5M | 50x | as long as short |
| SoDEX BNB-USD | +0.0100% | 1h | 785.70 | −0.017% | $386K | $997K | 10x | as long as short |
| HTX BNB-USDT | +0.0100% | 8h | 785.72 | −0.014% | $8.0M | $9.8M | 75x | as long as short |
| Paradex BNB-USD-PERP | +0.0100% | 8h | 785.89 | +0.007% | $76K | $17K | 50x | as long as short |
| Extended BNB-USD | +0.0104% | 1h | 785.21 | −0.079% | $1.8M | $6.3M | 50x | as long as short |
| Aevo BNB-PERP | +0.0104% | 1h | 785.62 | −0.027% | $377K | $110K | 10x | as long as short |
| Phoenix BNB | +0.0107% | 1h | 787.15 | +0.168% | $169K | $35K | 10x | as long as short |
| Kalshi KXBNBPERP | +0.0137% | 8h | 786.50 | +0.085% | $122K | $2.7M | 4.8x | as long as short |
| BloFin BNB-USDT | +0.0172% | 8h | 786.34 | +0.065% | $17.7M | $2.2M | 75x | as long as short |
| Deribit BNB_USDC-PERPETUAL | +0.0200% | 1h | 786.01 | +0.023% | $1.5M | $143K | 25x | as long as short |
| GRVT BNB_USDT_Perpshort | +0.0202% | 8h | 787.62 | +0.228% | $2.9M | $29.3M | 10x | |
| Bulk BNB-USD | +0.0256% | 1h | 786.23 | +0.051% | $637K | $10K | 10x | as long as short |
| 01 Exchange BNBUSD | +0.0296% | 1h | 786.05 | +0.028% | $28K | $4K | 10x | as long as short |
| Reya BNBRUSDPERP | +0.0324% | 1h | 785.03 | −0.102% | $6K | $3K | 40x | as long as short |
| RISEx BNB/USDC | +0.0432% | 1h | 785.83 | 0.000% | $1.1M | $907K | 20x | as long as short |
| Hibachi BNB/USDT-P | +0.0464% | 1h | 786.10 | +0.035% | $67K | $39K | 12x | as long as short |
dYdX BNB-USD
Kraken Futures PF_BNBUSD
Coinbase International BNB-PERP-INTX
Lighter BNB
Orderly PERP_BNB_USDC
Nado BNB-PERP
Hyperliquid BNB
Pacifica BNB
Bybit BNBUSDT
OKX BNB-USDT-SWAP
Arcus BNB-USD
Gate BNB_USDT
KuCoin BNBUSDTM
Bitget BNBUSDT
Backpack BNB_USDC_PERP
Variational Omni BNB
edgeX BNBUSDC
ApeX Omni BNBUSDT
Polymarket Perps BNB-USD
Derive BNB-PERP
SunX BNB-USDT
SoDEX BNB-USD
HTX BNB-USDT
Paradex BNB-USD-PERP
Extended BNB-USD
Aevo BNB-PERP
Phoenix BNB
Kalshi KXBNBPERP
BloFin BNB-USDT
Deribit BNB_USDC-PERPETUAL
Bulk BNB-USD
01 Exchange BNBUSD
Reya BNBRUSDPERP
RISEx BNB/USDC
Hibachi BNB/USDT-P