BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0084%/8h= −9.2% APRnext payment −$0.11 per $10,000 · paid last 24h −0.054%

Price spread now: SoDEX against Hyperliquid−0.041%7-day average −0.022% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$22as in the Price arb table

costs, in and out, $10k−$200.199% of the position

Long on Hyperliquid Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.047%−$5 on $10k

Price spread, last 3 days (all we have)−0.058%−$6 · spread now −0.041%, 7d avg −0.022%

Together, before fees−0.105%+ Points / potential airdropHyperliquid: Season 2 · farm board−$10 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.022%, 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	800.13	0.0184	pay 0.0023% / 1h	30m 47s	$51.8M	$21.1M	10x
Short	SoDEX BNB-USD	799.80	0.0100	get 0.0013% / 1h	30m 47s	$393K	$1.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now −0.041%Rate

Funding earned: −$17.65
Price spread: −0.041% → −0.022%: −$1.88
Slippage, 4 orders: −$2.91
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$39.43
Costs to cover: 0.199%
Break-even: never at this rate

Slippage from Hyperliquid: live order book, 3 min ago; SoDEX: live order book, 3 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, 3 min ago	0.06 bp	4.7 bp −$5	doesn't fit	doesn't fit	doesn't fit
Sell SoDEX live order book, 3 min ago	0.63 bp	4.9 bp −$5	9.2 bp −$92	81.5 bp −$8,151	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 −0.0201% / S +0.0372%	1h	799.94	−0.023%	$47K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	800.05	−0.010%	$4K	$1K	25x	as long as short
Kraken Futures PF_BNBUSD	−0.0074%	1h	799.57	−0.070%	$2.5M	$972K	50x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	800.38	+0.032%	$3.0M	$28.0M	10x	as long as short
StandX BNB-USD	0.0000%	1h	800.78	+0.081%	$865K	$2.9M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	799.97	−0.020%	$9.7M	—	150x	as long as short
Variational Omni BNB	+0.0017%	8h	799.36	−0.096%	$4.1M	$5.4M	—	as long as short
BingX BNB-USDC	+0.0041%	8h	799.96	−0.021%	—	$13.3M	—	as long as short
Bybit BNBUSDT	+0.0049%	8h	799.10	−0.129%	$138.6M	$77.4M	75x	as long as short
Coinbase International BNB-PERP-INTX	+0.0072%	1h	799.89	−0.030%	$606K	$993K	50x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster BNBUSDT	+0.0094%	8h	800.00	−0.016%	$6.3M	$18.9M	200x	as long as short
Lighter BNB	+0.0096%	1h	799.63	−0.063%	$2.8M	$4.1M	20x	as long as short
Nado BNB-PERP	+0.0100%	1h	799.64	−0.062%	$1.4M	$2.7M	20x	as long as short
Pacifica BNB	+0.0100%	1h	799.92	−0.026%	$1.2M	$926K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	799.10	−0.129%	$54.5M	$112.9M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	800.20	+0.009%	$53K	$133K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	799.40	−0.091%	$35.8M	$57.9M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	799.59	−0.067%	$28.0M	$10.3M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	799.13	−0.125%	$79.3M	$27.4M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	800.41	+0.035%	$4.2M	$76.8M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	800.53	+0.050%	$161K	$441K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	799.82	−0.039%	$117K	$875K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	799.69	−0.055%	$386K	$497K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	799.94	−0.024%	$32K	$5K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	800.22	+0.012%	$13K	$1.7M	50x	as long as short
SoDEX BNB-USDshort	+0.0100%	1h	799.80	−0.041%	$393K	$1.0M	10x
HTX BNB-USDT	+0.0100%	8h	800.02	−0.014%	$8.2M	$8.0M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	800.27	+0.017%	$78K	$19K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	799.17	−0.120%	$1.8M	$6.5M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	799.86	−0.034%	$384K	$40K	10x	as long as short
Phemex BNBUSDT	+0.0111%	8h	800.24	+0.014%	$69.9M	$50.6M	50x	as long as short
MEXC BNB_USDT	+0.0115%	8h	800.60	+0.059%	$83.1M	$13.5M	200x	as long as short
Binance BNBUSDT	+0.0115%	8h	799.81	−0.040%	$499.4M	$815.6M	75x	as long as short
Kalshi KXBNBPERP	+0.0120%	8h	800.10	−0.004%	$110K	$2.9M	4.8x	as long as short
Phoenix BNB	+0.0127%	1h	800.57	+0.055%	$172K	$36K	10x	as long as short
Hibachi BNB/USDT-P	+0.0184%	1h	799.93	−0.025%	$70K	$44K	12x	as long as short
Hyperliquid BNBlong	+0.0184%	1h	800.13	long leg	$51.8M	$21.1M	10x
Deribit BNB_USDC-PERPETUAL	+0.0200%	1h	800.13	0.000%	$1.6M	$165K	25x	as long as short
BloFin BNB-USDT	+0.0236%	8h	800.28	+0.019%	$18.2M	$2.5M	75x	as long as short
RISEx BNB/USDC	+0.0258%	1h	799.95	−0.023%	$1.1M	$1.4M	20x	as long as short
01 Exchange BNBUSD	+0.0304%	1h	800.36	+0.029%	$28K	$1K	10x	as long as short
Bulk BNB-USD	+0.0305%	1h	801.82	+0.211%	$651K	$20K	10x	as long as short
Injective BNB/USDC PERP	+0.0306%	1h	805.09	+0.620%	$19K	$789K	30x	as long as short
Reya BNBRUSDPERP	+0.0332%	1h	799.52	−0.076%	$6K	$3K	40x	as long as short
dYdX BNB-USD	+0.0391%	1h	799.32	−0.101%	$161K	$62K	10x	as long as short
Backpack BNB_USDC_PERP	+0.0409%	1h	800.50	+0.046%	$2.7M	$5.7M	40x	as long as short