Funding arb · Price arb /

BNB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0200%/8h= −21.9% APRpaid last 24h −0.065%

Price spread now: Hotstuff against MEXC−0.057%7-day average — · you buy dearer than you sell

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

Long on MEXC 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

Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Hotstuff is 0.057% cheaper against MEXC than usual: you would sell low and buy high (−$6 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC BNB_USDT	802.80	0.0120	pay 0.0120% / 8h	57m 36s	$83.4M	$13.5M	200x
Short	Hotstuff BNB-PERP	802.34	−0.0080	pay 0.0010% / 1h	57m 36s	$4K	$1K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hotstuff against MEXC. 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 MEXCbpFee HotstuffbpOrdersPrice spread, now −0.057%Rate

Funding earned: −$42
Price spread: −0.057% → 0.000%: −$5.73
Slippage, 4 orders: no order book: not counted
Fee MEXC: 2 bp × 2 orders: −$4
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Net: −$56.73
Costs to cover: 0.090%
Break-even: never at this rate

Slippage unknown: MEXC: live order book, 6 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 MEXC live order book, 6 min ago	0.62 bp	2.6 bp −$3	6.2 bp −$62	25.0 bp −$2,503	44.0 bp −$22.0K
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 −0.0201% / S +0.0372%	1h	801.85	−0.118%	$48K	—	200x	as long as short
Hotstuff BNB-PERPshort	−0.0080%	1h	802.34	−0.057%	$4K	$1K	25x
Kraken Futures PF_BNBUSD	−0.0074%	1h	801.59	−0.151%	$2.6M	$969K	50x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	800.99	−0.226%	$3.0M	$28.4M	10x	as long as short
StandX BNB-USD	0.0000%	1h	802.01	−0.098%	$867K	$2.9M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	801.90	−0.112%	$9.8M	—	150x	as long as short
Variational Omni BNB	+0.0031%	8h	800.04	−0.344%	$4.2M	$5.4M	—	as long as short
BingX BNB-USDT	+0.0052%	8h	801.86	−0.117%	—	$34.8M	—	as long as short
Bybit BNBUSDT	+0.0066%	8h	801.50	−0.162%	$139.3M	$78.6M	75x	as long as short
Coinbase International BNB-PERP-INTX	+0.0072%	1h	800.72	−0.259%	$607K	$998K	50x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter BNB	+0.0096%	1h	802.18	−0.077%	$2.8M	$4.1M	20x	as long as short
Nado BNB-PERP	+0.0100%	1h	801.96	−0.104%	$1.4M	$2.7M	20x	as long as short
Pacifica BNB	+0.0100%	1h	802.08	−0.090%	$1.2M	$926K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	801.60	−0.149%	$54.8M	$113.7M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	802.30	−0.062%	$53K	$134K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	801.60	−0.149%	$35.8M	$57.4M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	801.72	−0.135%	$28.0M	$10.3M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	801.49	−0.163%	$79.7M	$27.3M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	801.60	−0.150%	$4.2M	$77.5M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	800.56	−0.279%	$161K	$442K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	802.24	−0.070%	$119K	$874K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	801.93	−0.108%	$388K	$489K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	802.07	−0.091%	$32K	$5K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	802.22	−0.072%	$13K	$1.7M	50x	as long as short
HTX BNB-USDT	+0.0100%	8h	801.95	−0.107%	$8.2M	$7.9M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	802.55	−0.032%	$78K	$19K	50x	as long as short
Aster BNBUSDT	+0.0101%	8h	802.58	−0.027%	$6.4M	$18.9M	200x	as long as short
Extended BNB-USD	+0.0104%	1h	801.36	−0.180%	$1.9M	$6.3M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	802.18	−0.077%	$385K	$40K	10x	as long as short
Phemex BNBUSDT	+0.0114%	8h	802.39	−0.051%	$70.2M	$51.1M	50x	as long as short
Kalshi KXBNBPERP	+0.0117%	8h	802.40	−0.050%	$109K	$2.9M	4.8x	as long as short
MEXC BNB_USDTlong	+0.0120%	8h	802.80	long leg	$83.4M	$13.5M	200x
Binance BNBUSDT	+0.0122%	8h	802.56	−0.029%	$502.2M	$819.5M	75x	as long as short
Phoenix BNB	+0.0155%	1h	800.77	−0.253%	$172K	$34K	10x	as long as short
BloFin BNB-USDT	+0.0241%	8h	801.83	−0.121%	$18.2M	$2.5M	75x	as long as short
Hibachi BNB/USDT-P	+0.0248%	1h	801.14	−0.207%	$71K	$48K	12x	as long as short
RISEx BNB/USDC	+0.0258%	1h	802.09	−0.089%	$1.1M	$1.4M	20x	as long as short
SoDEX BNB-USD	+0.0287%	1h	801.90	−0.112%	$394K	$1.0M	10x	as long as short
Bulk BNB-USD	+0.0289%	1h	801.15	−0.206%	$651K	$20K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	802.36	−0.055%	$1.6M	$165K	25x	as long as short
Injective BNB/USDC PERP	+0.0306%	1h	805.09	+0.285%	$19K	$789K	30x	as long as short
Reya BNBRUSDPERP	+0.0332%	1h	801.83	−0.121%	$6K	$3K	40x	as long as short
Hyperliquid BNB	+0.0337%	1h	802.57	−0.029%	$51.9M	$21.6M	10x	as long as short
Backpack BNB_USDC_PERP	+0.0431%	1h	802.42	−0.047%	$2.7M	$5.7M	40x	as long as short
01 Exchange BNBUSD	+0.0432%	1h	802.89	+0.011%	$28K	$1K	10x	as long as short
dYdX BNB-USD	+0.0465%	1h	802.23	−0.071%	$162K	$62K	10x	as long as short