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Funding arb · Price arb /

BNB

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Alert: funding
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Alert: spread
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Funding you earn now, next payment 04:00 UTC+0.0086%/8h= +9.5% APRpaid last 24h −0.015%
Price spread now: BloFin against Hyperliquid−0.010%7-day average +0.039% · you buy dearer than you sell
Net, funding: paid 7d − costs−$9as in the Funding arb table
Net, price: spread back to 7d avg − costs−$29as in the Price arb table
costs, in and out, $10k−$240.237% of the position
Long on HyperliquidShort on BloFin
What this pair did over the last
the charts below follow
Funding, last 7 days+0.147%+$15 on $10k
Price spread, last 4 days (all we have)−0.126%−$13 · spread now −0.010%, 7d avg +0.039%
Together, before fees+0.021%+ Points / potential airdropHyperliquid: Season 2 · farm board+$2 on $10k · with fees, hour by hour
Funding pays, the price is against you. BloFin is 0.049% cheaper against Hyperliquid than usual: you would sell low and buy high (spread −0.010% now, against its 7-day average of +0.039%). If the spread goes back, that is −$5 on $10k: about 46 hours of funding at the current rate (+$3 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid BNB792.180.0100pay 0.0013% / 1h30m 59s$52.0M$17.6M10x
ShortBloFin BNB-USDT792.100.0186get 0.0186% / 8h4h 30m$18.2M$2.2M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BloFin against Hyperliquid. 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

Funding earned
$18.14
Price spread: −0.010% → +0.039%
−$4.92
Slippage, 4 orders
−$2.74
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee BloFin: 6 bp × 2 orders
−$12
Net
−$10.52
Costs to cover
0.237%
Break-even
11.1 days
Slippage from Hyperliquid: live order book, 13 min ago; BloFin: live order book, 3 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Hyperliquid live order book, 13 min ago0.13 bp6.1 bp −$6doesn't fitdoesn't fitdoesn't fit
Sell BloFin live order book, 3 min ago0.13 bp6.1 bp −$67.1 bp −$7116.8 bp −$1,685doesn't fit

BNB on 46 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GMX BNB/USD [WBTC.b-USDC]L −0.0186% / S +0.0350%1h791.55−0.079%$46K—200xas long as short
Hotstuff BNB-PERP−0.0080%1h791.41−0.097%$4K$4225xas long as short
StandX BNB-USD0.0000%1h791.14−0.131%$853K$3.2M30xas long as short
gTrade (Gains Network) BNB/USDL +0.0007% / S −0.0007%1h791.54−0.081%$9.5M—150xas long as short
Injective BNB/USDC PERP+0.0033%1h805.09+1.630%$19K$789K30xas long as short
Aster BNBUSDT+0.0043%8h792.23+0.006%$6.1M$18.7M200xas long as short
BingX BNB-USDC+0.0053%8h791.11−0.135%—$13.4M—as long as short
Phemex BNBUSDT+0.0060%8h792.07−0.014%$69.3M$49.9M50xas long as short
Coinbase International BNB-PERP-INTX+0.0064%1h789.45−0.345%$582K$1.9M50xas long as short
MEXC BNB_USDT+0.0066%8h792.50+0.040%$80.4M$12.3M200xas long as short
Show all 46 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance BNBUSDT+0.0066%8h792.35+0.021%$494.6M$788.8M75xas long as short
Lighter BNB+0.0096%1h791.63−0.069%$2.8M$3.8M20xas long as short
Orderly PERP_BNB_USDC+0.0100%8h791.57−0.077%$266K$492K50xas long as short
Nado BNB-PERP+0.0100%1h791.45−0.092%$1.5M$2.6M20xas long as short
Hyperliquid BNBlong+0.0100%1h792.18long leg$52.0M$17.6M10x
Pacifica BNB+0.0100%1h791.83−0.044%$1.2M$931K20xas long as short
Bybit BNBUSDT+0.0100%8h791.50−0.086%$139.2M$74.6M75xas long as short
OKX BNB-USDT-SWAP+0.0100%8h791.50−0.086%$53.5M$111.5M50xas long as short
Arcus BNB-USD+0.0100%1h791.80−0.048%$52K$130K10xas long as short
Gate BNB_USDT+0.0100%8h791.40−0.098%$35.4M$56.8M75xas long as short
KuCoin BNBUSDTM+0.0100%8h791.41−0.097%$27.7M$10.3M75xas long as short
Bitget BNBUSDT+0.0100%8h791.18−0.126%$76.5M$30.1M75xas long as short
Backpack BNB_USDC_PERP+0.0100%1h791.93−0.032%$2.2M$6.1M40xas long as short
Variational Omni BNB+0.0100%8h791.31−0.110%$4.1M$4.6M—as long as short
edgeX BNBUSDC+0.0100%4h789.56−0.331%$4.1M$73.6M30xas long as short
ApeX Omni BNBUSDT+0.0100%1h790.95−0.155%$159K$440K50xas long as short
Polymarket Perps BNB-USD+0.0100%1h791.51−0.085%$134K$950K10xas long as short
Derive BNB-PERP+0.0100%1h791.59−0.074%$31K$12K10xas long as short
SunX BNB-USDT+0.0100%8h792.22+0.005%$13K$1.5M50xas long as short
SoDEX BNB-USD+0.0100%1h791.60−0.073%$389K$1.0M10xas long as short
HTX BNB-USDT+0.0100%8h791.11−0.136%$8.1M$9.4M75xas long as short
Paradex BNB-USD-PERP+0.0101%8h792.04−0.018%$77K$17K50xas long as short
Extended BNB-USD+0.0104%1h791.15−0.130%$1.8M$5.9M50xas long as short
Aevo BNB-PERP+0.0104%1h791.59−0.075%$380K$110K10xas long as short
Phoenix BNB+0.0117%1h789.61−0.324%$170K$35K10xas long as short
dYdX BNB-USD+0.0133%1h791.21−0.123%$160K$64K10xas long as short
GRVT BNB_USDT_Perp+0.0139%8h789.87−0.292%$2.9M$28.3M10xas long as short
Kalshi KXBNBPERP+0.0179%8h791.90−0.035%$125K$2.7M4.8xas long as short
BloFin BNB-USDTshort+0.0186%8h792.10−0.010%$18.2M$2.2M75x
01 Exchange BNBUSD+0.0232%1h792.23+0.006%$28K$4K10xas long as short
Bulk BNB-USD+0.0245%1h789.82−0.298%$640K$9K10xas long as short
Kraken Futures PF_BNBUSD+0.0263%1h791.38−0.101%$2.5M$1.2M50xas long as short
Deribit BNB_USDC-PERPETUAL+0.0300%1h792.01−0.022%$1.5M$143K25xas long as short
Reya BNBRUSDPERP+0.0326%1h791.30−0.111%$6K$3K40xas long as short
Hibachi BNB/USDT-P+0.0448%1h790.70−0.187%$68K$38K12xas long as short
RISEx BNB/USDC+0.0461%1h791.92−0.033%$1.1M$973K20xas long as short