Funding arb · Price arb /

BNB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0180%/8h= −19.7% APRpaid last 24h −0.054%

Price spread now: Hotstuff against KuCoin+0.094%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on KuCoin Short on Hotstuff

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 pays, funding is against you. Hotstuff is 0.094% dearer against KuCoin than usual: you sell high and buy low (spread +0.094% now, against zero (this spread has no 7-day history yet)): +$9 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 42 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin BNBUSDTM	804.50	0.0100	pay 0.0100% / 8h	2h 02m	$28.2M	$10.5M	75x
Short	Hotstuff BNB-PERP	805.26	−0.0080	pay 0.0010% / 1h	2m 01s	$4K	$1K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hotstuff against KuCoin. 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 KuCoinbpFee HotstuffbpOrdersPrice spread, now +0.094%Rate

Funding earned: −$37.8
Price spread: +0.094% → 0.000%: $9.45
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Net: −$45.35
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 7 min ago; Hotstuff: no order-book sample. 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 KuCoin live order book, 7 min ago	0.68 bp	10.8 bp −$11	23.0 bp −$230	doesn't fit	doesn't fit
Sell Hotstuff no order-book sample	—	—	—	—	—

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 −0.0195% / S +0.0371%	1h	804.57	+0.009%	$49K	—	200x	as long as short
Hotstuff BNB-PERPshort	−0.0080%	1h	805.26	+0.094%	$4K	$1K	25x
GRVT BNB_USDT_Perp	0.0000%	8h	804.57	+0.009%	$3.0M	$29.5M	10x	as long as short
Kalshi KXBNBPERP	0.0000%	8h	805.30	+0.099%	$108K	$2.5M	4.8x	as long as short
StandX BNB-USD	0.0000%	1h	804.74	+0.030%	$870K	$2.8M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	804.62	+0.015%	$9.8M	—	150x	as long as short
Kraken Futures PF_BNBUSD	+0.0038%	1h	804.71	+0.026%	$2.5M	$928K	50x	as long as short
Variational Omni BNB	+0.0048%	8h	803.61	−0.110%	$4.1M	$5.3M	—	as long as short
BingX BNB-USDC	+0.0056%	8h	804.70	+0.025%	—	$13.3M	—	as long as short
Bybit BNBUSDT	+0.0079%	8h	804.20	−0.037%	$139.6M	$81.7M	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-INTX	+0.0088%	1h	804.54	+0.005%	$607K	$881K	50x	as long as short
Lighter BNB	+0.0096%	1h	804.84	+0.042%	$2.8M	$4.2M	20x	as long as short
Aster BNBUSDT	+0.0100%	8h	805.20	+0.087%	$6.4M	$18.9M	200x	as long as short
Nado BNB-PERP	+0.0100%	1h	804.36	−0.017%	$1.5M	$2.8M	20x	as long as short
Pacifica BNB	+0.0100%	1h	804.92	+0.052%	$1.2M	$924K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	804.50	0.000%	$55.2M	$116.1M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	805.00	+0.062%	$53K	$170K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	804.50	0.000%	$36.1M	$59.2M	75x	as long as short
KuCoin BNBUSDTMlong	+0.0100%	8h	804.50	long leg	$28.2M	$10.5M	75x
Bitget BNBUSDT	+0.0100%	8h	804.27	−0.029%	$78.9M	$24.8M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	804.74	+0.030%	$4.2M	$76.4M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	804.70	+0.025%	$159K	$436K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	804.61	+0.014%	$116K	$873K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	804.62	+0.015%	$389K	$592K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	804.87	+0.045%	$32K	$5K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	805.33	+0.104%	$13K	$1.7M	50x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0100%	1h	805.12	+0.077%	$1.6M	$165K	25x	as long as short
HTX BNB-USDT	+0.0100%	8h	804.71	+0.026%	$8.2M	$7.5M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	805.46	+0.119%	$79K	$19K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	804.21	−0.036%	$1.9M	$5.9M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	804.80	+0.038%	$387K	$40K	10x	as long as short
MEXC BNB_USDT	+0.0115%	8h	805.50	+0.124%	$84.6M	$13.7M	200x	as long as short
Binance BNBUSDT	+0.0116%	8h	805.25	+0.093%	$520.0M	$806.3M	75x	as long as short
Phoenix BNB	+0.0125%	1h	804.66	+0.020%	$173K	$35K	10x	as long as short
Phemex BNBUSDT	+0.0138%	8h	805.25	+0.093%	$70.3M	$51.9M	50x	as long as short
SoDEX BNB-USD	+0.0191%	1h	804.70	+0.025%	$396K	$1.0M	10x	as long as short
Hyperliquid BNB	+0.0194%	1h	805.12	+0.077%	$51.8M	$22.0M	10x	as long as short
RISEx BNB/USDC	+0.0209%	1h	804.97	+0.058%	$1.1M	$1.4M	20x	as long as short
dYdX BNB-USD	+0.0229%	1h	804.85	+0.043%	$170K	$55K	10x	as long as short
BloFin BNB-USDT	+0.0236%	8h	805.43	+0.116%	$18.9M	$3.1M	75x	as long as short
Hibachi BNB/USDT-P	+0.0256%	1h	804.97	+0.058%	$71K	$48K	12x	as long as short
Bulk BNB-USD	+0.0258%	1h	805.37	+0.108%	$651K	$14K	10x	as long as short
Reya BNBRUSDPERP	+0.0334%	1h	804.30	−0.025%	$6K	$3K	40x	as long as short
01 Exchange BNBUSD	+0.0344%	1h	805.57	+0.133%	$28K	$1K	10x	as long as short
Injective BNB/USDC PERP	+0.0353%	1h	804.89	+0.048%	$19K	$627K	30x	as long as short
Backpack BNB_USDC_PERP	+0.0655%	1h	805.64	+0.142%	$3.0M	$5.5M	40x	as long as short