BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0113%/8h= +12.4% APRnext payment +$0.14 per $10,000 · paid last 24h +0.050%

Price spread now: Injective against Hotstuff+0.795%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 Injective

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

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Injective is 0.795% dearer against Hotstuff than usual: you sell high and buy low: +$80 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	798.74	−0.0080	get 0.0010% / 1h	19m 00s	$4K	$239	25x
Short	Injective BNB/USDC PERP	805.09	0.0033	get 0.0004% / 1h	19m 00s	$19K	$789K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now +0.795%Rate

Funding earned: $23.8
Price spread: +0.795% → 0.000%: $79.5
Slippage, 4 orders: no order book: not counted
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $98.28
Costs to cover: 0.050%
Break-even: from the start

Slippage unknown: Hotstuff: no order-book sample; Injective: no order-book sample. 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 Injective no order-book sample	—	—	—	—	—

Hotstuff and Injective: 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 −0.0159% / S +0.0335%	1h	798.43	−0.039%	$47K	—	200x	as long as short
Kraken Futures PF_BNBUSD	−0.0121%	1h	797.53	−0.151%	$2.5M	$1.0M	50x	as long as short
Hotstuff BNB-PERPlong	−0.0080%	1h	798.74	long leg	$4K	$239	25x
Gate BNB_USDT	−0.0010%	8h	797.05	−0.212%	$35.8M	$56.8M	75x	as long as short
BingX BNB-USDT	−0.0007%	8h	797.43	−0.164%	—	$35.0M	—	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	798.85	+0.014%	$3.0M	$27.9M	10x	as long as short
StandX BNB-USD	0.0000%	1h	798.95	+0.026%	$863K	$2.9M	30x	as long as short
Variational Omni BNB	+0.0004%	8h	797.72	−0.128%	$4.1M	$5.0M	—	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	798.37	−0.046%	$9.7M	—	150x	as long as short
Bybit BNBUSDT	+0.0009%	8h	796.92	−0.228%	$138.4M	$76.3M	75x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex BNBUSDT	+0.0016%	8h	798.03	−0.089%	$69.7M	$50.2M	50x	as long as short
Injective BNB/USDC PERPshort	+0.0033%	1h	805.09	+0.795%	$19K	$789K	30x
Coinbase International BNB-PERP-INTX	+0.0048%	1h	799.07	+0.041%	$615K	$1.1M	50x	as long as short
Aster BNBUSDT	+0.0054%	8h	798.29	−0.056%	$6.2M	$19.4M	200x	as long as short
MEXC BNB_USDT	+0.0076%	8h	798.20	−0.068%	$83.0M	$13.7M	200x	as long as short
Binance BNBUSDT	+0.0076%	8h	797.72	−0.128%	$495.3M	$811.5M	75x	as long as short
Lighter BNB	+0.0096%	1h	797.62	−0.141%	$2.8M	$4.0M	20x	as long as short
Phoenix BNB	+0.0099%	1h	799.13	+0.049%	$172K	$36K	10x	as long as short
Nado BNB-PERP	+0.0100%	1h	798.10	−0.080%	$1.4M	$2.7M	20x	as long as short
Pacifica BNB	+0.0100%	1h	798.53	−0.026%	$1.2M	$937K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	797.00	−0.218%	$54.1M	$110.8M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	798.60	−0.018%	$53K	$133K	10x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	797.14	−0.200%	$27.9M	$10.0M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	796.83	−0.239%	$78.0M	$28.1M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	798.91	+0.021%	$4.2M	$76.7M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	798.95	+0.026%	$161K	$435K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	798.38	−0.045%	$113K	$884K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	798.08	−0.083%	$386K	$459K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	798.19	−0.069%	$32K	$5K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	798.83	+0.011%	$13K	$1.7M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	797.70	−0.130%	$392K	$997K	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	797.02	−0.215%	$8.2M	$8.3M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	798.96	+0.027%	$78K	$18K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	797.77	−0.122%	$1.8M	$6.0M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	798.12	−0.077%	$383K	$110K	10x	as long as short
Bulk BNB-USD	+0.0127%	1h	799.28	+0.067%	$649K	$10K	10x	as long as short
RISEx BNB/USDC	+0.0155%	1h	798.40	−0.042%	$1.1M	$1.4M	20x	as long as short
Kalshi KXBNBPERP	+0.0156%	8h	798.70	−0.005%	$90K	$2.8M	4.8x	as long as short
BloFin BNB-USDT	+0.0196%	8h	798.72	−0.003%	$18.1M	$2.6M	75x	as long as short
01 Exchange BNBUSD	+0.0200%	1h	798.86	+0.015%	$28K	$1K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0200%	1h	798.23	−0.063%	$1.6M	$161K	25x	as long as short
dYdX BNB-USD	+0.0200%	1h	798.40	−0.042%	$161K	$63K	10x	as long as short
Hibachi BNB/USDT-P	+0.0272%	1h	798.92	+0.022%	$68K	$38K	12x	as long as short
Hyperliquid BNB	+0.0296%	1h	798.09	−0.081%	$53.0M	$20.3M	10x	as long as short
Reya BNBRUSDPERP	+0.0330%	1h	798.16	−0.073%	$6K	$3K	40x	as long as short
Backpack BNB_USDC_PERP	+0.0420%	1h	798.50	−0.030%	$2.7M	$5.7M	40x	as long as short