Funding you earn now, next payment 00:00 UTC+0.0088%/8h= +9.7% APRpaid last 24h +0.061%
Price spread now: Hyperliquid against Paradex−0.012%54s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropParadex: Active · Hyperliquid: Season 2 · farm boardneeds both histories
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$3 a day on $10k at the current rate. The two prices were read 54 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Paradex BNB-USD-PERP | 800.64 | 0.0100 | pay 0.0100% / 8h | 33m 48s | $78K | $19K | 50x |
| Short | Hyperliquid BNB | 800.55 | 0.0188 | get 0.0024% / 1h | 33m 48s | $51.9M | $21.0M | 10x |
Paradex BNB-USD-PERP
Hyperliquid BNBFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against Paradex. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $18.55
- Price spread: −0.012% → 0.000%
- −$1.17
- Slippage, 4 orders
- no order book: not counted
- Fee Paradex: 2 bp × 2 orders
- −$4
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $4.39
- Costs to cover
- 0.130%
- Break-even
- 5.3 days
Slippage unknown: Paradex: no order-book sample; Hyperliquid: live order book, 10 min ago. 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 Paradex no order-book sample | — | — | — | — | — |
| Sell Hyperliquid live order book, 10 min ago | 0.25 bp | 5.2 bp −$5 | doesn't fit | doesn't fit | doesn't fit |
Paradex: 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 | 800.00 | −0.081% | $48K | — | 200x | as long as short |
| Hotstuff BNB-PERP | −0.0080% | 1h | 800.30 | −0.043% | $4K | $1K | 25x | as long as short |
| Kraken Futures PF_BNBUSD | −0.0074% | 1h | 799.73 | −0.114% | $2.5M | $972K | 50x | as long as short |
| GRVT BNB_USDT_Perp | 0.0000% | 8h | 800.99 | +0.043% | $3.0M | $28.0M | 10x | as long as short |
| StandX BNB-USD | 0.0000% | 1h | 801.23 | +0.073% | $866K | $2.9M | 30x | as long as short |
| gTrade (Gains Network) BNB/USD | L +0.0008% / S −0.0007% | 1h | 800.06 | −0.073% | $9.8M | — | 150x | as long as short |
| Variational Omni BNB | +0.0021% | 8h | 799.96 | −0.086% | $4.1M | $5.4M | — | as long as short |
| BingX BNB-USDT | +0.0045% | 8h | 799.95 | −0.087% | — | $34.8M | — | as long as short |
| Bybit BNBUSDT | +0.0052% | 8h | 799.50 | −0.143% | $138.7M | $78.4M | 75x | as long as short |
| Coinbase International BNB-PERP-INTX | +0.0072% | 1h | 800.72 | +0.010% | $607K | $994K | 50x | as long as short |
GMX BNB/USD [WBTC.b-USDC]
Hotstuff BNB-PERP
Kraken Futures PF_BNBUSD
GRVT BNB_USDT_Perp
StandX BNB-USD
gTrade (Gains Network) BNB/USD
Variational Omni BNB
BingX BNB-USDT
Bybit BNBUSDT
Coinbase International BNB-PERP-INTXShow all 46 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter BNB | +0.0096% | 1h | 800.10 | −0.068% | $2.8M | $4.1M | 20x | as long as short |
| Aster BNBUSDT | +0.0096% | 8h | 800.44 | −0.025% | $6.3M | $19.0M | 200x | as long as short |
| Nado BNB-PERP | +0.0100% | 1h | 799.65 | −0.124% | $1.4M | $2.7M | 20x | as long as short |
| Pacifica BNB | +0.0100% | 1h | 800.24 | −0.050% | $1.2M | $926K | 20x | as long as short |
| OKX BNB-USDT-SWAP | +0.0100% | 8h | 799.60 | −0.130% | $54.5M | $113.2M | 50x | as long as short |
| Arcus BNB-USD | +0.0100% | 1h | 800.40 | −0.030% | $53K | $133K | 10x | as long as short |
| Gate BNB_USDT | +0.0100% | 8h | 799.60 | −0.130% | $35.8M | $57.9M | 75x | as long as short |
| KuCoin BNBUSDTM | +0.0100% | 8h | 799.65 | −0.124% | $28.0M | $10.3M | 75x | as long as short |
| Bitget BNBUSDT | +0.0100% | 8h | 799.78 | −0.108% | $79.3M | $27.4M | 75x | as long as short |
| edgeX BNBUSDC | +0.0100% | 4h | 801.06 | +0.052% | $4.2M | $76.7M | 30x | as long as short |
| ApeX Omni BNBUSDT | +0.0100% | 1h | 801.03 | +0.048% | $161K | $442K | 50x | as long as short |
| Polymarket Perps BNB-USD | +0.0100% | 1h | 799.86 | −0.098% | $117K | $875K | 10x | as long as short |
| Orderly PERP_BNB_USDC | +0.0100% | 8h | 799.95 | −0.087% | $387K | $497K | 50x | as long as short |
| Derive BNB-PERP | +0.0100% | 1h | 800.21 | −0.054% | $32K | $5K | 10x | as long as short |
| SunX BNB-USDT | +0.0100% | 8h | 800.43 | −0.026% | $13K | $1.7M | 50x | as long as short |
| SoDEX BNB-USD | +0.0100% | 1h | 800.00 | −0.080% | $393K | $1.0M | 10x | as long as short |
| HTX BNB-USDT | +0.0100% | 8h | 800.40 | −0.031% | $8.2M | $8.0M | 75x | as long as short |
| Paradex BNB-USD-PERPlong | +0.0100% | 8h | 800.64 | long leg | $78K | $19K | 50x | |
| Extended BNB-USD | +0.0104% | 1h | 799.36 | −0.160% | $1.8M | $6.5M | 50x | as long as short |
| Aevo BNB-PERP | +0.0104% | 1h | 800.09 | −0.069% | $384K | $40K | 10x | as long as short |
| Phemex BNBUSDT | +0.0112% | 8h | 800.57 | −0.009% | $70.0M | $50.7M | 50x | as long as short |
| Kalshi KXBNBPERP | +0.0116% | 8h | 800.90 | +0.032% | $110K | $2.9M | 4.8x | as long as short |
| MEXC BNB_USDT | +0.0118% | 8h | 800.80 | +0.020% | $83.1M | $13.5M | 200x | as long as short |
| Binance BNBUSDT | +0.0118% | 8h | 800.40 | −0.031% | $500.0M | $816.2M | 75x | as long as short |
| Phoenix BNB | +0.0127% | 1h | 800.81 | +0.021% | $172K | $36K | 10x | as long as short |
| Hyperliquid BNBshort | +0.0188% | 1h | 800.55 | −0.012% | $51.9M | $21.0M | 10x | |
| Hibachi BNB/USDT-P | +0.0200% | 1h | 800.34 | −0.038% | $70K | $44K | 12x | as long as short |
| Deribit BNB_USDC-PERPETUAL | +0.0200% | 1h | 800.34 | −0.038% | $1.6M | $165K | 25x | as long as short |
| BloFin BNB-USDT | +0.0238% | 8h | 800.74 | +0.012% | $18.2M | $2.5M | 75x | as long as short |
| RISEx BNB/USDC | +0.0258% | 1h | 800.21 | −0.054% | $1.1M | $1.4M | 20x | as long as short |
| Bulk BNB-USD | +0.0305% | 1h | 801.82 | +0.147% | $651K | $20K | 10x | as long as short |
| Injective BNB/USDC PERP | +0.0306% | 1h | 805.09 | +0.555% | $19K | $789K | 30x | as long as short |
| 01 Exchange BNBUSD | +0.0320% | 1h | 800.67 | +0.003% | $28K | $1K | 10x | as long as short |
| Reya BNBRUSDPERP | +0.0332% | 1h | 799.55 | −0.137% | $6K | $3K | 40x | as long as short |
| dYdX BNB-USD | +0.0405% | 1h | 800.10 | −0.067% | $161K | $62K | 10x | as long as short |
| Backpack BNB_USDC_PERP | +0.0414% | 1h | 800.70 | +0.007% | $2.7M | $5.7M | 40x | as long as short |
Lighter BNB
Aster BNBUSDT
Nado BNB-PERP
Pacifica BNB
OKX BNB-USDT-SWAP
Arcus BNB-USD
Gate BNB_USDT
KuCoin BNBUSDTM
Bitget BNBUSDT
edgeX BNBUSDC
ApeX Omni BNBUSDT
Polymarket Perps BNB-USD
Orderly PERP_BNB_USDC
Derive BNB-PERP
SunX BNB-USDT
SoDEX BNB-USD
HTX BNB-USDT
Extended BNB-USD
Aevo BNB-PERP
Phemex BNBUSDT
Kalshi KXBNBPERP
MEXC BNB_USDT
Binance BNBUSDT
Phoenix BNB
Hibachi BNB/USDT-P
Deribit BNB_USDC-PERPETUAL
BloFin BNB-USDT
RISEx BNB/USDC
Bulk BNB-USD
Injective BNB/USDC PERP
01 Exchange BNBUSD
Reya BNBRUSDPERP
dYdX BNB-USD
Backpack BNB_USDC_PERP