BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0149%/8h= +16.3% APRnext payment +$0.19 per $10,000 · paid last 24h +0.056%

Price spread now: Kraken Futures against Hotstuff−0.196%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Hotstuff Short on Kraken Futures

What this pair did over the last

the charts below follow

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 · farm boardneeds both histories

Funding pays, the price is against you. Kraken Futures is 0.196% cheaper against Hotstuff than usual: you would sell low and buy high (spread −0.196% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$20 on $10k: about 4.4 days of funding at the current rate (+$4 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hotstuff BNB-PERP	787.02	−0.0080	get 0.0010% / 1h	20m 27s	$4K	$42	25x
Short	Kraken Futures PF_BNBUSD	785.48	0.0069	get 0.0009% / 1h	20m 27s	$2.5M	$1.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now −0.196%Rate

Funding earned: $31.34
Price spread: −0.196% → 0.000%: −$19.63
Slippage, 4 orders: no order book: not counted
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$3.29
Costs to cover: 0.150%
Break-even: 7.7 days

Slippage unknown: Hotstuff: no order-book sample; Kraken Futures: live order book, 3 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 Kraken Futures live order book, 3 min ago	3.76 bp	11.9 bp −$12	15.2 bp −$152	33.1 bp −$3,312	97.2 bp −$48.6K

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	786.45	−0.072%	$46K	—	200x	as long as short
Hotstuff BNB-PERPlong	−0.0080%	1h	787.02	long leg	$4K	$42	25x
StandX BNB-USD	0.0000%	1h	787.09	+0.009%	$849K	$3.0M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	786.53	−0.062%	$9.5M	—	150x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.296%	$19K	$789K	30x	as long as short
Aster BNBUSDT	+0.0036%	8h	787.04	+0.003%	$6.1M	$19.0M	200x	as long as short
BingX BNB-USDT	+0.0043%	8h	786.78	−0.030%	—	$22.2M	—	as long as short
Phemex BNBUSDT	+0.0053%	8h	786.21	−0.103%	$68.8M	$50.6M	50x	as long as short
MEXC BNB_USDT	+0.0059%	8h	787.50	+0.061%	$80.5M	$12.0M	200x	as long as short
Binance BNBUSDT	+0.0059%	8h	787.30	+0.035%	$490.6M	$812.2M	75x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_BNBUSDshort	+0.0069%	1h	785.48	−0.196%	$2.5M	$1.2M	50x
Coinbase International BNB-PERP-INTX	+0.0080%	1h	784.62	−0.305%	$567K	$1.9M	50x	as long as short
Lighter BNB	+0.0096%	1h	786.66	−0.045%	$2.7M	$3.8M	20x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	786.66	−0.046%	$265K	$489K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	786.35	−0.085%	$1.4M	$2.7M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	787.08	+0.008%	$51.5M	$17.6M	10x	as long as short
Pacifica BNB	+0.0100%	1h	786.87	−0.019%	$1.2M	$933K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	786.58	−0.056%	$138.2M	$74.7M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	786.60	−0.053%	$53.4M	$112.6M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	786.80	−0.028%	$52K	$129K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	786.60	−0.053%	$36.6M	$59.0M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	786.19	−0.105%	$27.7M	$10.2M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	786.26	−0.097%	$76.1M	$31.0M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	785.97	−0.133%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	785.81	−0.153%	$4.0M	$4.8M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	785.00	−0.256%	$4.1M	$75.4M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	785.20	−0.231%	$158K	$438K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	786.36	−0.084%	$131K	$951K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	785.95	−0.136%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	786.85	−0.022%	$13K	$1.5M	50x	as long as short
HTX BNB-USDT	+0.0100%	8h	785.91	−0.141%	$8.0M	$10.0M	75x	as long as short
Paradex BNB-USD-PERP	+0.0101%	8h	786.95	−0.008%	$76K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	786.23	−0.100%	$1.8M	$6.2M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	785.62	−0.178%	$377K	$110K	10x	as long as short
Phoenix BNB	+0.0107%	1h	786.33	−0.088%	$169K	$35K	10x	as long as short
SoDEX BNB-USD	+0.0116%	1h	785.70	−0.168%	$386K	$993K	10x	as long as short
Kalshi KXBNBPERP	+0.0150%	8h	786.20	−0.104%	$161K	$2.7M	4.8x	as long as short
dYdX BNB-USD	+0.0162%	1h	786.37	−0.083%	$159K	$62K	10x	as long as short
BloFin BNB-USDT	+0.0179%	8h	786.29	−0.093%	$17.7M	$2.2M	75x	as long as short
GRVT BNB_USDT_Perp	+0.0211%	8h	785.17	−0.235%	$2.9M	$29.3M	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	786.11	−0.116%	$1.5M	$143K	25x	as long as short
01 Exchange BNBUSD	+0.0304%	1h	787.22	+0.025%	$28K	$4K	10x	as long as short
Reya BNBRUSDPERP	+0.0323%	1h	786.30	−0.091%	$6K	$3K	40x	as long as short
Bulk BNB-USD	+0.0341%	1h	785.39	−0.207%	$637K	$4K	10x	as long as short
RISEx BNB/USDC	+0.0432%	1h	786.93	−0.011%	$1.1M	$902K	20x	as long as short
Hibachi BNB/USDT-P	+0.0520%	1h	785.22	−0.229%	$67K	$39K	12x	as long as short