Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: Paradex against Hotstuff+0.011%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 Paradex

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 · Paradex: 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	803.20	−0.0080	get 0.0010% / 1h	53m 49s	$4K	$1K	25x
Short	Paradex BNB-USD-PERP	803.29	0.0100	get 0.0100% / 8h	53m 49s	$78K	$19K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex 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 ParadexbpOrdersPrice spread, now +0.011%Rate

Funding earned: $37.8
Price spread: +0.011% → 0.000%: $1.11
Slippage, 4 orders: no order book: not counted
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Fee Paradex: 2 bp × 2 orders: −$4
Net: $29.91
Costs to cover: 0.090%
Break-even: 1.5 days

Slippage unknown: Hotstuff: no order-book sample; Paradex: 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 Paradex no order-book sample	—	—	—	—	—

Hotstuff and Paradex: 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 −0.0201% / S +0.0372%	1h	802.65	−0.068%	$48K	—	200x	as long as short
Hotstuff BNB-PERPlong	−0.0080%	1h	803.20	long leg	$4K	$1K	25x
Kraken Futures PF_BNBUSD	−0.0074%	1h	802.80	−0.050%	$2.6M	$969K	50x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	802.50	−0.088%	$3.0M	$28.2M	10x	as long as short
StandX BNB-USD	0.0000%	1h	803.25	+0.006%	$868K	$2.9M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	802.61	−0.073%	$9.8M	—	150x	as long as short
Variational Omni BNB	+0.0031%	8h	801.64	−0.194%	$4.2M	$5.4M	—	as long as short
BingX BNB-USDT	+0.0053%	8h	802.65	−0.068%	—	$34.8M	—	as long as short
Bybit BNBUSDT	+0.0066%	8h	802.19	−0.126%	$139.4M	$78.6M	75x	as long as short
Coinbase International BNB-PERP-INTX	+0.0072%	1h	800.72	−0.309%	$607K	$998K	50x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter BNB	+0.0096%	1h	803.10	−0.012%	$2.8M	$4.1M	20x	as long as short
Nado BNB-PERP	+0.0100%	1h	802.40	−0.100%	$1.4M	$2.7M	20x	as long as short
Pacifica BNB	+0.0100%	1h	802.93	−0.034%	$1.2M	$926K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	802.30	−0.112%	$54.8M	$113.6M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	803.10	−0.012%	$53K	$133K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	802.40	−0.100%	$35.8M	$57.5M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	802.49	−0.088%	$28.1M	$10.3M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	802.30	−0.112%	$79.6M	$27.4M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	802.60	−0.075%	$4.2M	$77.6M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	802.61	−0.073%	$162K	$442K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	802.67	−0.066%	$119K	$874K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	802.74	−0.057%	$388K	$497K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	802.91	−0.036%	$32K	$5K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	803.21	+0.001%	$13K	$1.7M	50x	as long as short
HTX BNB-USDT	+0.0100%	8h	802.90	−0.037%	$8.2M	$7.9M	75x	as long as short
Paradex BNB-USD-PERPshort	+0.0100%	8h	803.29	+0.011%	$78K	$19K	50x
Aster BNBUSDT	+0.0103%	8h	803.29	+0.011%	$6.4M	$18.9M	200x	as long as short
Extended BNB-USD	+0.0104%	1h	802.01	−0.149%	$1.9M	$6.4M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	803.06	−0.017%	$386K	$40K	10x	as long as short
Phemex BNBUSDT	+0.0114%	8h	803.38	+0.022%	$70.2M	$51.0M	50x	as long as short
Kalshi KXBNBPERP	+0.0115%	8h	802.20	−0.125%	$109K	$2.9M	4.8x	as long as short
MEXC BNB_USDT	+0.0122%	8h	803.50	+0.037%	$83.6M	$13.5M	200x	as long as short
Binance BNBUSDT	+0.0124%	8h	803.25	+0.006%	$502.5M	$818.4M	75x	as long as short
Phoenix BNB	+0.0155%	1h	802.36	−0.105%	$172K	$36K	10x	as long as short
SoDEX BNB-USD	+0.0234%	1h	802.90	−0.037%	$395K	$1.0M	10x	as long as short
BloFin BNB-USDT	+0.0243%	8h	803.22	+0.002%	$18.2M	$2.6M	75x	as long as short
Hibachi BNB/USDT-P	+0.0248%	1h	802.63	−0.071%	$71K	$49K	12x	as long as short
RISEx BNB/USDC	+0.0258%	1h	802.92	−0.035%	$1.1M	$1.4M	20x	as long as short
Bulk BNB-USD	+0.0289%	1h	801.15	−0.255%	$651K	$20K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	803.21	+0.002%	$1.6M	$165K	25x	as long as short
Injective BNB/USDC PERP	+0.0306%	1h	805.09	+0.235%	$19K	$789K	30x	as long as short
Hyperliquid BNB	+0.0310%	1h	803.26	+0.007%	$52.0M	$21.3M	10x	as long as short
Backpack BNB_USDC_PERP	+0.0314%	1h	803.58	+0.047%	$2.7M	$5.7M	40x	as long as short
Reya BNBRUSDPERP	+0.0332%	1h	802.25	−0.118%	$6K	$3K	40x	as long as short
01 Exchange BNBUSD	+0.0432%	1h	803.81	+0.076%	$28K	$1K	10x	as long as short
dYdX BNB-USD	+0.0497%	1h	802.23	−0.121%	$162K	$62K	10x	as long as short