Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0180%/8h= +19.7% APRpaid last 24h +0.054%

Price spread now: OKX against Hotstuff+0.001%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 OKX

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

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$5 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hotstuff BNB-PERP	789.39	−0.0080	get 0.0010% / 1h	1m 28s	$4K	$42	25x
Short	OKX BNB-USDT-SWAP	789.40	0.0100	get 0.0100% / 8h	4h 01m	$53.5M	$111.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.001%Rate

Funding earned: $37.8
Price spread: +0.001% → 0.000%: $0.13
Slippage, 4 orders: no order book: not counted
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Fee OKX: 5 bp × 2 orders: −$10
Net: $22.93
Costs to cover: 0.150%
Break-even: 2.8 days

Slippage unknown: Hotstuff: no order-book sample; OKX: live order book, 2 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 OKX live order book, 2 min ago	0.63 bp	5.6 bp −$6	7.8 bp −$78	20.8 bp −$2,083	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 −0.0190% / S +0.0354%	1h	789.29	−0.013%	$46K	—	200x	as long as short
Hotstuff BNB-PERPlong	−0.0080%	1h	789.39	long leg	$4K	$42	25x
StandX BNB-USD	0.0000%	1h	789.04	−0.044%	$851K	$3.2M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	789.39	−0.001%	$9.5M	—	150x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+1.989%	$19K	$789K	30x	as long as short
Aster BNBUSDT	+0.0036%	8h	789.86	+0.060%	$6.1M	$18.7M	200x	as long as short
BingX BNB-USDC	+0.0047%	8h	788.99	−0.051%	—	$13.4M	—	as long as short
MEXC BNB_USDT	+0.0057%	8h	790.50	+0.141%	$80.2M	$12.4M	200x	as long as short
Binance BNBUSDT	+0.0058%	8h	790.09	+0.089%	$493.1M	$791.2M	75x	as long as short
Phemex BNBUSDT	+0.0060%	8h	789.60	+0.027%	$69.0M	$50.3M	50x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International BNB-PERP-INTX	+0.0064%	1h	788.26	−0.143%	$579K	$1.9M	50x	as long as short
Lighter BNB	+0.0096%	1h	789.42	+0.004%	$2.7M	$3.9M	20x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	789.10	−0.037%	$265K	$492K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	788.95	−0.056%	$1.5M	$2.5M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	790.05	+0.084%	$51.8M	$17.5M	10x	as long as short
Pacifica BNB	+0.0100%	1h	789.58	+0.024%	$1.2M	$931K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	789.31	−0.010%	$138.9M	$74.0M	75x	as long as short
OKX BNB-USDT-SWAPshort	+0.0100%	8h	789.40	+0.001%	$53.5M	$111.3M	50x
Arcus BNB-USD	+0.0100%	1h	789.40	+0.001%	$52K	$130K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	789.40	+0.001%	$35.5M	$57.7M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	789.33	−0.008%	$28.1M	$10.4M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	789.21	−0.023%	$76.4M	$30.2M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	789.46	+0.009%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	787.71	−0.213%	$4.1M	$4.7M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	789.18	−0.027%	$4.1M	$73.3M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	789.32	−0.009%	$159K	$440K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	789.36	−0.004%	$133K	$950K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	789.14	−0.032%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	789.29	−0.012%	$12K	$1.5M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	789.20	−0.024%	$388K	$1.0M	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	788.60	−0.100%	$8.1M	$9.5M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	789.68	+0.037%	$77K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	789.08	−0.040%	$1.8M	$6.1M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	789.04	−0.045%	$379K	$110K	10x	as long as short
Phoenix BNB	+0.0117%	1h	789.25	−0.018%	$170K	$35K	10x	as long as short
dYdX BNB-USD	+0.0122%	1h	789.25	−0.018%	$160K	$64K	10x	as long as short
GRVT BNB_USDT_Perp	+0.0157%	8h	789.58	+0.025%	$2.9M	$28.5M	10x	as long as short
Kalshi KXBNBPERP	+0.0177%	8h	789.30	−0.011%	$133K	$2.7M	4.8x	as long as short
BloFin BNB-USDT	+0.0178%	8h	789.48	+0.011%	$18.1M	$2.2M	75x	as long as short
Bulk BNB-USD	+0.0216%	1h	788.57	−0.104%	$639K	$9K	10x	as long as short
01 Exchange BNBUSD	+0.0232%	1h	790.09	+0.089%	$28K	$4K	10x	as long as short
Kraken Futures PF_BNBUSD	+0.0263%	1h	788.96	−0.054%	$2.5M	$1.2M	50x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	789.50	+0.014%	$1.5M	$143K	25x	as long as short
Reya BNBRUSDPERP	+0.0325%	1h	789.15	−0.030%	$6K	$3K	40x	as long as short
Hibachi BNB/USDT-P	+0.0360%	1h	789.07	−0.041%	$67K	$38K	12x	as long as short
RISEx BNB/USDC	+0.0461%	1h	789.75	+0.046%	$1.1M	$903K	20x	as long as short