BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0180%/8h= +19.7% APRnext payment +$0.23 per $10,000 · paid last 24h +0.058%

Price spread now: SoDEX against Hotstuff−0.043%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 SoDEX

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

Funding pays, the price is against you. SoDEX is 0.043% cheaper against Hotstuff than usual: you would sell low and buy high (spread −0.043% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 19 hours of funding at the current rate (+$5 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hotstuff BNB-PERP	785.24	−0.0080	get 0.0010% / 1h	59m 49s	$4K	$42	25x
Short	SoDEX BNB-USD	784.90	0.0100	get 0.0013% / 1h	59m 49s	$386K	$956K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now −0.043%Rate

Funding earned: $37.8
Price spread: −0.043% → 0.000%: −$4.33
Slippage, 4 orders: no order book: not counted
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Fee SoDEX: 4 bp × 2 orders: −$8
Net: $20.47
Costs to cover: 0.130%
Break-even: 3.2 days

Slippage unknown: Hotstuff: no order-book sample; SoDEX: live order book, 49 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 SoDEX live order book, 49 min ago	0.63 bp	4.6 bp −$5	8.5 bp −$85	76.7 bp −$7,668	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 −0.0168% / S +0.0337%	1h	784.74	−0.064%	$43K	—	200x	as long as short
Hotstuff BNB-PERPlong	−0.0080%	1h	785.24	long leg	$4K	$42	25x
Kraken Futures PF_BNBUSD	−0.0050%	1h	784.77	−0.060%	$2.5M	$1.2M	50x	as long as short
StandX BNB-USD	0.0000%	1h	785.56	+0.041%	$847K	$2.7M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	784.72	−0.066%	$9.5M	—	150x	as long as short
Aster BNBUSDT	+0.0030%	8h	785.27	+0.003%	$5.9M	$18.6M	200x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.528%	$19K	$789K	30x	as long as short
BingX BNB-USDT	+0.0038%	8h	784.89	−0.045%	—	$22.1M	—	as long as short
MEXC BNB_USDT	+0.0046%	8h	786.20	+0.122%	$81.1M	$12.1M	200x	as long as short
Binance BNBUSDT	+0.0046%	8h	785.30	+0.008%	$488.5M	$813.7M	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	+0.0083%	8h	785.50	+0.033%	$68.5M	$51.1M	50x	as long as short
Lighter BNB	+0.0096%	1h	784.96	−0.035%	$2.7M	$3.8M	20x	as long as short
Phoenix BNB	+0.0100%	1h	784.80	−0.056%	$158K	$35K	10x	as long as short
Nado BNB-PERP	+0.0100%	1h	784.65	−0.075%	$1.3M	$2.6M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	785.39	+0.019%	$51.5M	$17.6M	10x	as long as short
Pacifica BNB	+0.0100%	1h	785.02	−0.029%	$1.2M	$937K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	784.70	−0.069%	$138.1M	$73.7M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	784.60	−0.082%	$53.4M	$111.5M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	785.00	−0.031%	$52K	$125K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	784.85	−0.050%	$38.6M	$58.9M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	784.45	−0.101%	$27.6M	$10.2M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	784.41	−0.106%	$75.3M	$32.6M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	785.24	0.000%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	784.64	−0.076%	$4.0M	$4.7M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	784.86	−0.049%	$4.1M	$76.7M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	784.47	−0.098%	$158K	$439K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	784.65	−0.075%	$131K	$942K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	784.73	−0.065%	$264K	$358K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	784.53	−0.090%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	785.28	+0.005%	$12K	$1.5M	50x	as long as short
SoDEX BNB-USDshort	+0.0100%	1h	784.90	−0.043%	$386K	$956K	10x
HTX BNB-USDT	+0.0100%	8h	785.00	−0.030%	$8.0M	$10.3M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	785.28	+0.005%	$78K	$17K	50x	as long as short
Kalshi KXBNBPERP	+0.0104%	8h	785.30	+0.008%	$170K	$2.6M	4.8x	as long as short
Extended BNB-USD	+0.0104%	1h	784.47	−0.099%	$1.8M	$5.8M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	784.74	−0.063%	$377K	$110K	10x	as long as short
Coinbase International BNB-PERP-INTX	+0.0104%	1h	784.97	−0.034%	$548K	$1.9M	50x	as long as short
dYdX BNB-USD	+0.0127%	1h	784.99	−0.032%	$159K	$62K	10x	as long as short
BloFin BNB-USDT	+0.0166%	8h	785.59	+0.045%	$17.7M	$2.2M	75x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0200%	1h	785.20	−0.005%	$1.5M	$141K	25x	as long as short
GRVT BNB_USDT_Perp	+0.0215%	8h	785.06	−0.023%	$2.9M	$27.5M	10x	as long as short
Bulk BNB-USD	+0.0237%	1h	785.14	−0.013%	$636K	$831	10x	as long as short
01 Exchange BNBUSD	+0.0248%	1h	785.38	+0.018%	$28K	$3K	10x	as long as short
Reya BNBRUSDPERP	+0.0320%	1h	784.53	−0.091%	$6K	$3K	40x	as long as short
RISEx BNB/USDC	+0.0350%	1h	785.14	−0.012%	$1.1M	$921K	20x	as long as short
Hibachi BNB/USDT-P	+0.0432%	1h	784.85	−0.050%	$67K	$39K	12x	as long as short