Funding arb · Price arb /

BNB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0180%/8h= +19.7% APRpaid last 24h +0.054%

Price spread now: SunX against Hotstuff+0.004%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 SunX

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

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	789.60	−0.0080	get 0.0010% / 1h	5m 47s	$4K	$239	25x
Short	SunX BNB-USDT	789.63	0.0100	get 0.0100% / 8h	6h 05m	$12K	$1.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.004%Rate

Funding earned: $37.8
Price spread: +0.004% → 0.000%: $0.39
Slippage, 4 orders: no order book: not counted
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Fee SunX: 4 bp × 2 orders: −$8
Net: $25.19
Costs to cover: 0.130%
Break-even: 2.3 days

Slippage unknown: Hotstuff: no order-book sample; SunX: live order book, 9 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 SunX live order book, 9 min ago	15.07 bp	22.8 bp −$23	30.2 bp −$302	doesn't fit	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 45 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 −0.0167% / S +0.0335%	1h	789.31	−0.036%	$46K	—	200x	as long as short
Kraken Futures PF_BNBUSD	−0.0132%	1h	789.29	−0.039%	$2.5M	$1.2M	50x	as long as short
Hotstuff BNB-PERPlong	−0.0080%	1h	789.60	long leg	$4K	$239	25x
StandX BNB-USD	0.0000%	1h	788.91	−0.087%	$853K	$3.2M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	789.32	−0.036%	$9.6M	—	150x	as long as short
Aster BNBUSDT	+0.0033%	8h	789.82	+0.028%	$6.2M	$19.9M	200x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+1.962%	$19K	$789K	30x	as long as short
BingX BNB-USDC	+0.0049%	8h	788.99	−0.077%	—	$13.4M	—	as long as short
Gate BNB_USDT	+0.0054%	8h	789.10	−0.063%	$35.0M	$57.8M	75x	as long as short
Variational Omni BNB	+0.0055%	8h	789.21	−0.049%	$4.1M	$4.8M	—	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International BNB-PERP-INTX	+0.0056%	1h	788.82	−0.099%	$619K	$1.8M	50x	as long as short
Phemex BNBUSDT	+0.0063%	8h	790.02	+0.053%	$69.1M	$50.5M	50x	as long as short
MEXC BNB_USDT	+0.0065%	8h	790.10	+0.063%	$80.4M	$13.2M	200x	as long as short
Binance BNBUSDT	+0.0066%	8h	789.97	+0.047%	$494.7M	$818.9M	75x	as long as short
GRVT BNB_USDT_Perp	+0.0084%	8h	788.67	−0.118%	$2.9M	$28.5M	10x	as long as short
Phoenix BNB	+0.0088%	1h	788.32	−0.162%	$169K	$36K	10x	as long as short
Lighter BNB	+0.0096%	1h	789.56	−0.005%	$2.8M	$4.1M	20x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	789.39	−0.027%	$382K	$392K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	788.89	−0.090%	$1.5M	$2.7M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	789.91	+0.039%	$51.8M	$18.6M	10x	as long as short
Pacifica BNB	+0.0100%	1h	789.64	+0.006%	$1.2M	$920K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	789.28	−0.041%	$139.0M	$79.7M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	789.30	−0.038%	$53.4M	$113.7M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	789.50	−0.013%	$52K	$135K	10x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	789.20	−0.051%	$27.8M	$10.4M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	789.17	−0.054%	$77.7M	$29.8M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	788.55	−0.133%	$4.1M	$77.1M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	788.07	−0.194%	$158K	$438K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	789.26	−0.043%	$137K	$947K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	789.56	−0.005%	$31K	$9K	10x	as long as short
SunX BNB-USDTshort	+0.0100%	8h	789.63	+0.004%	$12K	$1.6M	50x
HTX BNB-USDT	+0.0100%	8h	789.21	−0.049%	$8.1M	$9.0M	75x	as long as short
Paradex BNB-USD-PERP	+0.0101%	8h	790.07	+0.059%	$77K	$17K	50x	as long as short
dYdX BNB-USD	+0.0103%	1h	788.86	−0.093%	$160K	$64K	10x	as long as short
Extended BNB-USD	+0.0104%	1h	788.91	−0.087%	$1.8M	$6.0M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	789.42	−0.023%	$379K	$110K	10x	as long as short
SoDEX BNB-USD	+0.0107%	1h	789.50	−0.013%	$388K	$1.0M	10x	as long as short
RISEx BNB/USDC	+0.0131%	1h	789.53	−0.009%	$1.1M	$1.1M	20x	as long as short
Kalshi KXBNBPERP	+0.0170%	8h	789.70	+0.013%	$92K	$2.9M	4.8x	as long as short
Bulk BNB-USD	+0.0244%	1h	794.01	+0.559%	$643K	$13K	10x	as long as short
01 Exchange BNBUSD	+0.0272%	1h	790.00	+0.051%	$28K	$3K	10x	as long as short
Reya BNBRUSDPERP	+0.0328%	1h	789.10	−0.064%	$6K	$3K	40x	as long as short
Backpack BNB_USDC_PERP	+0.0389%	1h	790.02	+0.053%	$2.7M	$5.7M	40x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0400%	1h	789.91	+0.040%	$1.5M	$160K	25x	as long as short
Hibachi BNB/USDT-P	+0.0536%	1h	788.64	−0.122%	$68K	$39K	12x	as long as short