Funding you earn now, next payment 23:00 UTC+0.0202%/8h= +22.2% APRpaid last 24h +0.057%
Price spread now: Phemex against Hotstuff+0.037%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Phemex is 0.037% dearer against Hotstuff than usual: you sell high and buy low: +$4 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 | 802.06 | −0.0080 | get 0.0010% / 1h | 22m 53s | $4K | $1K | 25x |
| Short | Phemex BNBUSDT | 802.36 | 0.0122 | get 0.0122% / 8h | 1h 22m | $70.1M | $51.8M | 50x |
Hotstuff BNB-PERP
Phemex BNBUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex 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
- $42.49
- Price spread: +0.037% → 0.000%
- $3.74
- Slippage, 4 orders
- no order book: not counted
- Fee Hotstuff: 2.5 bp × 2 orders
- −$5
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- $29.23
- Costs to cover
- 0.170%
- Break-even
- 2.2 days
Slippage unknown: Hotstuff: no order-book sample; Phemex: live order book, 6 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 Phemex live order book, 6 min ago | 0.44 bp | 6.7 bp −$7 | 7.7 bp −$77 | 12.0 bp −$1,198 | 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 −0.0201% / S +0.0372% | 1h | 801.75 | −0.039% | $48K | — | 200x | as long as short |
| Hotstuff BNB-PERPlong | −0.0080% | 1h | 802.06 | long leg | $4K | $1K | 25x | |
| GRVT BNB_USDT_Perp | 0.0000% | 8h | 801.96 | −0.012% | $3.0M | $29.6M | 10x | as long as short |
| Kalshi KXBNBPERP | 0.0000% | 8h | 802.00 | −0.007% | $158K | $2.9M | 4.8x | as long as short |
| StandX BNB-USD | 0.0000% | 1h | 802.56 | +0.062% | $867K | $2.8M | 30x | as long as short |
| gTrade (Gains Network) BNB/USD | L +0.0008% / S −0.0007% | 1h | 801.77 | −0.036% | $9.7M | — | 150x | as long as short |
| Variational Omni BNB | +0.0039% | 8h | 800.35 | −0.213% | $4.1M | $5.3M | — | as long as short |
| BingX BNB-USDC | +0.0065% | 8h | 801.86 | −0.025% | — | $13.3M | — | as long as short |
| Bybit BNBUSDT | +0.0076% | 8h | 801.24 | −0.102% | $139.5M | $83.2M | 75x | as long as short |
| Lighter BNB | +0.0096% | 1h | 802.16 | +0.012% | $2.8M | $4.2M | 20x | as long as short |
GMX BNB/USD [WBTC.b-USDC]
GRVT BNB_USDT_Perp
Kalshi KXBNBPERP
StandX BNB-USD
gTrade (Gains Network) BNB/USD
Variational Omni BNB
BingX BNB-USDC
Bybit BNBUSDT
Lighter BNBShow all 46 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International BNB-PERP-INTX | +0.0096% | 1h | 801.17 | −0.111% | $610K | $1.0M | 50x | as long as short |
| Aster BNBUSDT | +0.0100% | 8h | 802.34 | +0.035% | $6.3M | $19.2M | 200x | as long as short |
| Nado BNB-PERP | +0.0100% | 1h | 801.13 | −0.116% | $1.4M | $2.8M | 20x | as long as short |
| Pacifica BNB | +0.0100% | 1h | 801.64 | −0.053% | $1.2M | $926K | 20x | as long as short |
| OKX BNB-USDT-SWAP | +0.0100% | 8h | 801.50 | −0.070% | $54.8M | $117.4M | 50x | as long as short |
| Arcus BNB-USD | +0.0100% | 1h | 802.10 | +0.005% | $53K | $170K | 10x | as long as short |
| Gate BNB_USDT | +0.0100% | 8h | 801.55 | −0.064% | $35.8M | $58.4M | 75x | as long as short |
| KuCoin BNBUSDTM | +0.0100% | 8h | 801.60 | −0.057% | $28.0M | $10.6M | 75x | as long as short |
| Bitget BNBUSDT | +0.0100% | 8h | 801.43 | −0.079% | $81.0M | $26.9M | 75x | as long as short |
| edgeX BNBUSDC | +0.0100% | 4h | 801.76 | −0.037% | $4.2M | $77.5M | 30x | as long as short |
| ApeX Omni BNBUSDT | +0.0100% | 1h | 801.51 | −0.069% | $161K | $442K | 50x | as long as short |
| Polymarket Perps BNB-USD | +0.0100% | 1h | 801.82 | −0.030% | $121K | $880K | 10x | as long as short |
| Orderly PERP_BNB_USDC | +0.0100% | 8h | 801.74 | −0.040% | $387K | $568K | 50x | as long as short |
| Derive BNB-PERP | +0.0100% | 1h | 801.98 | −0.010% | $32K | $5K | 10x | as long as short |
| SunX BNB-USDT | +0.0100% | 8h | 802.00 | −0.008% | $12K | $1.7M | 50x | as long as short |
| HTX BNB-USDT | +0.0100% | 8h | 801.53 | −0.066% | $8.2M | $7.9M | 75x | as long as short |
| Paradex BNB-USD-PERP | +0.0100% | 8h | 801.98 | −0.010% | $78K | $19K | 50x | as long as short |
| Extended BNB-USD | +0.0104% | 1h | 801.28 | −0.098% | $1.8M | $6.1M | 50x | as long as short |
| Aevo BNB-PERP | +0.0104% | 1h | 801.87 | −0.023% | $385K | $40K | 10x | as long as short |
| SoDEX BNB-USD | +0.0111% | 1h | 802.00 | −0.007% | $394K | $1.0M | 10x | as long as short |
| MEXC BNB_USDT | +0.0118% | 8h | 802.60 | +0.067% | $83.5M | $13.8M | 200x | as long as short |
| Binance BNBUSDT | +0.0119% | 8h | 802.37 | +0.038% | $504.2M | $829.0M | 75x | as long as short |
| Phemex BNBUSDTshort | +0.0122% | 8h | 802.36 | +0.037% | $70.1M | $51.8M | 50x | |
| Phoenix BNB | +0.0155% | 1h | 802.16 | +0.012% | $172K | $35K | 10x | as long as short |
| Hibachi BNB/USDT-P | +0.0168% | 1h | 801.82 | −0.030% | $71K | $48K | 12x | as long as short |
| Deribit BNB_USDC-PERPETUAL | +0.0200% | 1h | 802.30 | +0.030% | $1.6M | $165K | 25x | as long as short |
| Kraken Futures PF_BNBUSD | +0.0206% | 1h | 801.81 | −0.031% | $2.6M | $983K | 50x | as long as short |
| dYdX BNB-USD | +0.0232% | 1h | 801.98 | −0.010% | $162K | $62K | 10x | as long as short |
| BloFin BNB-USDT | +0.0239% | 8h | 802.48 | +0.052% | $18.3M | $2.6M | 75x | as long as short |
| Hyperliquid BNB | +0.0304% | 1h | 802.80 | +0.092% | $51.9M | $21.9M | 10x | as long as short |
| Injective BNB/USDC PERP | +0.0311% | 1h | 805.09 | +0.378% | $19K | $789K | 30x | as long as short |
| RISEx BNB/USDC | +0.0318% | 1h | 801.92 | −0.017% | $1.1M | $1.4M | 20x | as long as short |
| 01 Exchange BNBUSD | +0.0328% | 1h | 802.49 | +0.054% | $28K | $1K | 10x | as long as short |
| Reya BNBRUSDPERP | +0.0333% | 1h | 801.49 | −0.072% | $6K | $3K | 40x | as long as short |
| Bulk BNB-USD | +0.0354% | 1h | 801.59 | −0.059% | $651K | $21K | 10x | as long as short |
| Backpack BNB_USDC_PERP | +0.0626% | 1h | 802.67 | +0.076% | $2.7M | $5.7M | 40x | as long as short |
Coinbase International BNB-PERP-INTX
Aster BNBUSDT
Nado BNB-PERP
Pacifica BNB
OKX BNB-USDT-SWAP
Arcus BNB-USD
Gate BNB_USDT
KuCoin BNBUSDTM
Bitget BNBUSDT
edgeX BNBUSDC
ApeX Omni BNBUSDT
Polymarket Perps BNB-USD
Orderly PERP_BNB_USDC
Derive BNB-PERP
SunX BNB-USDT
HTX BNB-USDT
Paradex BNB-USD-PERP
Extended BNB-USD
Aevo BNB-PERP
SoDEX BNB-USD
MEXC BNB_USDT
Binance BNBUSDT
Phoenix BNB
Hibachi BNB/USDT-P
Deribit BNB_USDC-PERPETUAL
Kraken Futures PF_BNBUSD
dYdX BNB-USD
BloFin BNB-USDT
Hyperliquid BNB
Injective BNB/USDC PERP
RISEx BNB/USDC
01 Exchange BNBUSD
Reya BNBRUSDPERP
Bulk BNB-USD
Backpack BNB_USDC_PERP