BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC−0.0107%/8h= −11.8% APRnext payment −$0.13 per $10,000 · paid last 24h −0.060%

Price spread now: Coinbase International against Hyperliquid−0.046%7-day average −0.057% · you buy dearer than you sell

Net, funding: paid 7d − costs−$39as in the Funding arb table

Net, price: spread back to 7d avg − costs−$26as in the Price arb table

costs, in and out, $10k−$270.273% of the position

Long on Hyperliquid Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−0.121%−$12 on $10k

Price spread, last 3 days (all we have)−0.145%−$15 · spread now −0.046%, 7d avg −0.057%

Together, before fees−0.266%+ Points / potential airdropHyperliquid: Season 2 · farm board−$27 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.057%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid BNB	807.27	0.0195	pay 0.0024% / 1h	17m 51s	$51.9M	$21.4M	10x
Short	Coinbase International BNB-PERP-INTX	806.90	0.0088	get 0.0011% / 1h	17m 51s	$610K	$883K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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

Position, each leg$Hold fordaysFee HyperliquidbpFee Coinbase InternationalbpOrdersPrice spread, now −0.046%Rate

Funding earned: −$22.56
Price spread: −0.046% → −0.057%: $1.17
Slippage, 4 orders: −$8.3
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$48.69
Costs to cover: 0.273%
Break-even: never at this rate

Slippage from Hyperliquid: live order book, 6 min ago; Coinbase International: live order book, 5 min ago.

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 Hyperliquid live order book, 6 min ago	0.06 bp	5.9 bp −$6	doesn't fit	doesn't fit	doesn't fit
Sell Coinbase International live order book, 5 min ago	2.42 bp	8.8 bp −$9	15.0 bp −$150	doesn't fit	doesn't fit

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 −0.0195% / S +0.0371%	1h	806.49	−0.097%	$49K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	806.98	−0.036%	$4K	$1K	25x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	806.55	−0.089%	$3.0M	$29.4M	10x	as long as short
Kalshi KXBNBPERP	0.0000%	8h	807.10	−0.021%	$114K	$2.5M	4.8x	as long as short
StandX BNB-USD	0.0000%	1h	806.70	−0.071%	$872K	$2.9M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	806.52	−0.092%	$9.8M	—	150x	as long as short
Kraken Futures PF_BNBUSD	+0.0038%	1h	806.59	−0.084%	$2.5M	$908K	50x	as long as short
Variational Omni BNB	+0.0050%	8h	805.91	−0.169%	$4.1M	$5.4M	—	as long as short
BingX BNB-USDC	+0.0054%	8h	806.62	−0.081%	—	$13.3M	—	as long as short
Bybit BNBUSDT	+0.0077%	8h	806.20	−0.133%	$139.9M	$82.5M	75x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International BNB-PERP-INTXshort	+0.0088%	1h	806.90	−0.046%	$610K	$883K	50x
Lighter BNB	+0.0096%	1h	806.77	−0.062%	$2.8M	$4.2M	20x	as long as short
Aster BNBUSDT	+0.0098%	8h	807.17	−0.012%	$6.4M	$18.8M	200x	as long as short
Nado BNB-PERP	+0.0100%	1h	806.30	−0.120%	$1.4M	$2.8M	20x	as long as short
Pacifica BNB	+0.0100%	1h	806.70	−0.071%	$1.2M	$924K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	806.40	−0.108%	$55.2M	$116.2M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	807.00	−0.033%	$53K	$170K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	806.40	−0.108%	$36.1M	$58.9M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	806.38	−0.110%	$28.2M	$10.5M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	806.11	−0.144%	$79.1M	$24.7M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	806.96	−0.039%	$4.2M	$76.9M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	806.58	−0.085%	$159K	$437K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	806.50	−0.095%	$115K	$872K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	806.55	−0.089%	$390K	$593K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	806.73	−0.067%	$32K	$5K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	807.22	−0.007%	$14K	$1.7M	50x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0100%	1h	807.07	−0.024%	$1.6M	$165K	25x	as long as short
HTX BNB-USDT	+0.0100%	8h	806.57	−0.087%	$8.2M	$7.5M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	807.24	−0.004%	$79K	$19K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	806.19	−0.133%	$1.9M	$6.1M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	806.76	−0.063%	$388K	$40K	10x	as long as short
MEXC BNB_USDT	+0.0113%	8h	807.50	+0.028%	$84.8M	$13.6M	200x	as long as short
Binance BNBUSDT	+0.0114%	8h	807.25	−0.003%	$521.6M	$806.0M	75x	as long as short
Phoenix BNB	+0.0125%	1h	806.38	−0.110%	$173K	$35K	10x	as long as short
Phemex BNBUSDT	+0.0126%	8h	807.14	−0.016%	$70.4M	$51.8M	50x	as long as short
Hyperliquid BNBlong	+0.0195%	1h	807.27	long leg	$51.9M	$21.4M	10x
RISEx BNB/USDC	+0.0209%	1h	806.82	−0.056%	$1.2M	$1.5M	20x	as long as short
SoDEX BNB-USD	+0.0209%	1h	806.60	−0.083%	$397K	$1.0M	10x	as long as short
Bulk BNB-USD	+0.0217%	1h	806.94	−0.041%	$652K	$11K	10x	as long as short
BloFin BNB-USDT	+0.0233%	8h	807.11	−0.020%	$18.8M	$3.1M	75x	as long as short
Hibachi BNB/USDT-P	+0.0240%	1h	806.71	−0.069%	$72K	$48K	12x	as long as short
dYdX BNB-USD	+0.0244%	1h	807.07	−0.025%	$171K	$55K	10x	as long as short
Reya BNBRUSDPERP	+0.0334%	1h	806.31	−0.120%	$6K	$3K	40x	as long as short
01 Exchange BNBUSD	+0.0344%	1h	807.48	+0.026%	$29K	$1K	10x	as long as short
Injective BNB/USDC PERP	+0.0353%	1h	804.89	−0.295%	$19K	$627K	30x	as long as short
Backpack BNB_USDC_PERP	+0.0653%	1h	807.48	+0.026%	$3.0M	$5.5M	40x	as long as short