Funding you earn now, next payment 05:00 UTC+0.0180%/8h= +19.7% APRnext payment +$0.23 per $10,000 · paid last 24h +0.105%
Price spread now: Hyperliquid against Hotstuff+0.029%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
=Together, before fees—+ Points / potential airdropHotstuff: Active · Hyperliquid: Season 2 · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Hyperliquid is 0.029% dearer against Hotstuff than usual: you sell high and buy low: +$3 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 | 788.31 | −0.0080 | get 0.0010% / 1h | 33m 57s | $4K | $42 | 25x |
| Short | Hyperliquid BNB | 788.54 | 0.0100 | get 0.0013% / 1h | 33m 57s | $51.7M | $17.5M | 10x |
Hotstuff BNB-PERP
Hyperliquid BNBFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid 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: +0.029% → 0.000%
- $2.94
- Slippage, 4 orders
- no order book: not counted
- Fee Hotstuff: 2.5 bp × 2 orders
- −$5
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $26.74
- Costs to cover
- 0.140%
- Break-even
- 2.0 days
Slippage unknown: Hotstuff: no order-book sample; Hyperliquid: live order book, 10 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 Hyperliquid live order book, 10 min ago | 0.06 bp | 5.7 bp −$6 | doesn't fit | 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 −0.0192% / S +0.0356% | 1h | 787.95 | −0.045% | $46K | — | 200x | as long as short |
| Kraken Futures PF_BNBUSD | −0.0124% | 1h | 787.76 | −0.070% | $2.5M | $1.2M | 50x | as long as short |
| Hotstuff BNB-PERPlong | −0.0080% | 1h | 788.31 | long leg | $4K | $42 | 25x | |
| Kalshi KXBNBPERP | 0.0000% | 8h | 788.50 | +0.024% | $127K | $2.7M | 4.8x | as long as short |
| StandX BNB-USD | 0.0000% | 1h | 788.73 | +0.053% | $851K | $3.1M | 30x | as long as short |
| gTrade (Gains Network) BNB/USD | L +0.0007% / S −0.0007% | 1h | 787.91 | −0.050% | $9.5M | — | 150x | as long as short |
| Aster BNBUSDT | +0.0030% | 8h | 788.53 | +0.028% | $6.1M | $18.8M | 200x | as long as short |
| Injective BNB/USDC PERP | +0.0033% | 1h | 805.09 | +2.129% | $19K | $789K | 30x | as long as short |
| BingX BNB-USDT | +0.0042% | 8h | 788.11 | −0.025% | — | $22.4M | — | as long as short |
| Binance BNBUSDT | +0.0050% | 8h | 788.49 | +0.023% | $491.9M | $799.1M | 75x | as long as short |
GMX BNB/USD [WBTC.b-USDC]
Kraken Futures PF_BNBUSD
Kalshi KXBNBPERP
StandX BNB-USD
gTrade (Gains Network) BNB/USD
Aster BNBUSDT
Injective BNB/USDC PERP
BingX BNB-USDT
Binance BNBUSDTShow all 46 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC BNB_USDT | +0.0051% | 8h | 788.90 | +0.075% | $80.0M | $12.0M | 200x | as long as short |
| Phemex BNBUSDT | +0.0054% | 8h | 788.45 | +0.018% | $69.0M | $50.6M | 50x | as long as short |
| Coinbase International BNB-PERP-INTX | +0.0072% | 1h | 790.26 | +0.247% | $580K | $1.9M | 50x | as long as short |
| Phoenix BNB | +0.0092% | 1h | 788.77 | +0.058% | $169K | $35K | 10x | as long as short |
| Lighter BNB | +0.0096% | 1h | 788.13 | −0.023% | $2.7M | $3.8M | 20x | as long as short |
| dYdX BNB-USD | +0.0099% | 1h | 788.56 | +0.031% | $160K | $64K | 10x | as long as short |
| Orderly PERP_BNB_USDC | +0.0100% | 8h | 787.97 | −0.043% | $265K | $492K | 50x | as long as short |
| Nado BNB-PERP | +0.0100% | 1h | 788.00 | −0.039% | $1.5M | $2.6M | 20x | as long as short |
| Hyperliquid BNBshort | +0.0100% | 1h | 788.54 | +0.029% | $51.7M | $17.5M | 10x | |
| Pacifica BNB | +0.0100% | 1h | 788.38 | +0.009% | $1.2M | $931K | 20x | as long as short |
| Bybit BNBUSDT | +0.0100% | 8h | 787.90 | −0.052% | $138.6M | $74.0M | 75x | as long as short |
| OKX BNB-USDT-SWAP | +0.0100% | 8h | 787.80 | −0.065% | $53.4M | $111.7M | 50x | as long as short |
| Arcus BNB-USD | +0.0100% | 1h | 788.20 | −0.014% | $52K | $133K | 10x | as long as short |
| Gate BNB_USDT | +0.0100% | 8h | 788.00 | −0.039% | $35.8M | $57.4M | 75x | as long as short |
| KuCoin BNBUSDTM | +0.0100% | 8h | 787.66 | −0.082% | $27.6M | $10.3M | 75x | as long as short |
| Bitget BNBUSDT | +0.0100% | 8h | 787.65 | −0.084% | $76.3M | $30.5M | 75x | as long as short |
| Backpack BNB_USDC_PERP | +0.0100% | 1h | 788.33 | +0.003% | $2.2M | $6.1M | 40x | as long as short |
| Variational Omni BNB | +0.0100% | 8h | 787.71 | −0.076% | $4.1M | $4.8M | — | as long as short |
| edgeX BNBUSDC | +0.0100% | 4h | 788.75 | +0.056% | $4.1M | $73.7M | 30x | as long as short |
| ApeX Omni BNBUSDT | +0.0100% | 1h | 788.75 | +0.056% | $159K | $442K | 50x | as long as short |
| Polymarket Perps BNB-USD | +0.0100% | 1h | 787.89 | −0.053% | $130K | $953K | 10x | as long as short |
| Derive BNB-PERP | +0.0100% | 1h | 788.09 | −0.028% | $31K | $12K | 10x | as long as short |
| SunX BNB-USDT | +0.0100% | 8h | 788.63 | +0.041% | $12K | $1.5M | 50x | as long as short |
| SoDEX BNB-USD | +0.0100% | 1h | 788.10 | −0.027% | $387K | $1.0M | 10x | as long as short |
| HTX BNB-USDT | +0.0100% | 8h | 788.22 | −0.011% | $8.1M | $9.6M | 75x | as long as short |
| Paradex BNB-USD-PERP | +0.0100% | 8h | 788.43 | +0.015% | $77K | $17K | 50x | as long as short |
| Extended BNB-USD | +0.0104% | 1h | 787.62 | −0.087% | $1.9M | $6.3M | 50x | as long as short |
| Aevo BNB-PERP | +0.0104% | 1h | 788.13 | −0.023% | $379K | $110K | 10x | as long as short |
| BloFin BNB-USDT | +0.0171% | 8h | 788.59 | +0.036% | $18.1M | $2.2M | 75x | as long as short |
| GRVT BNB_USDT_Perp | +0.0172% | 8h | 788.76 | +0.057% | $2.9M | $28.7M | 10x | as long as short |
| Bulk BNB-USD | +0.0234% | 1h | 788.73 | +0.053% | $639K | $9K | 10x | as long as short |
| 01 Exchange BNBUSD | +0.0248% | 1h | 788.62 | +0.039% | $28K | $4K | 10x | as long as short |
| Deribit BNB_USDC-PERPETUAL | +0.0300% | 1h | 788.41 | +0.012% | $1.5M | $143K | 25x | as long as short |
| Reya BNBRUSDPERP | +0.0325% | 1h | 787.70 | −0.077% | $6K | $3K | 40x | as long as short |
| Hibachi BNB/USDT-P | +0.0408% | 1h | 788.18 | −0.016% | $67K | $39K | 12x | as long as short |
| RISEx BNB/USDC | +0.0431% | 1h | 788.44 | +0.016% | $1.1M | $892K | 20x | as long as short |
MEXC BNB_USDT
Phemex BNBUSDT
Coinbase International BNB-PERP-INTX
Phoenix BNB
Lighter BNB
dYdX BNB-USD
Orderly PERP_BNB_USDC
Nado BNB-PERP
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
BloFin BNB-USDT
GRVT BNB_USDT_Perp
Bulk BNB-USD
01 Exchange BNBUSD
Deribit BNB_USDC-PERPETUAL
Reya BNBRUSDPERP
Hibachi BNB/USDT-P
RISEx BNB/USDC