Funding you earn now, next payment 23:00 UTC−0.0198%/8h= −21.7% APRpaid last 24h −0.057%
Price spread now: Hotstuff against Phemex−0.030%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Hotstuff is 0.030% cheaper against Phemex than usual: you would sell low and buy high (−$3 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 | Phemex BNBUSDT | 800.20 | 0.0118 | pay 0.0118% / 8h | 1h 12m | $69.9M | $51.8M | 50x |
| Short | Hotstuff BNB-PERP | 799.96 | −0.0080 | pay 0.0010% / 1h | 12m 40s | $4K | $1K | 25x |
Phemex BNBUSDT
Hotstuff BNB-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hotstuff against Phemex. 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
- −$41.67
- Price spread: −0.030% → 0.000%
- −$3
- Slippage, 4 orders
- no order book: not counted
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Hotstuff: 2.5 bp × 2 orders
- −$5
- Net
- −$61.67
- Costs to cover
- 0.170%
- Break-even
- never at this rate
Slippage unknown: Phemex: 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 Phemex live order book, 6 min ago | 0.06 bp | 7.6 bp −$8 | 8.7 bp −$87 | 12.9 bp −$1,293 | 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 −0.0201% / S +0.0372% | 1h | 799.62 | −0.072% | $47K | — | 200x | as long as short |
| Hotstuff BNB-PERPshort | −0.0080% | 1h | 799.96 | −0.030% | $4K | $1K | 25x | |
| GRVT BNB_USDT_Perp | 0.0000% | 8h | 800.94 | +0.092% | $3.0M | $29.4M | 10x | as long as short |
| Kalshi KXBNBPERP | 0.0000% | 8h | 800.50 | +0.037% | $147K | $2.8M | 4.8x | as long as short |
| StandX BNB-USD | 0.0000% | 1h | 800.45 | +0.031% | $865K | $2.9M | 30x | as long as short |
| gTrade (Gains Network) BNB/USD | L +0.0008% / S −0.0007% | 1h | 799.64 | −0.069% | $9.7M | — | 150x | as long as short |
| Variational Omni BNB | +0.0035% | 8h | 799.95 | −0.031% | $4.1M | $5.3M | — | as long as short |
| BingX BNB-USDC | +0.0059% | 8h | 799.70 | −0.062% | — | $13.3M | — | as long as short |
| Bybit BNBUSDT | +0.0067% | 8h | 799.20 | −0.125% | $139.1M | $79.6M | 75x | as long as short |
| Aster BNBUSDT | +0.0095% | 8h | 800.23 | +0.004% | $6.3M | $19.0M | 200x | as long as short |
GMX BNB/USD [WBTC.b-USDC]
GRVT BNB_USDT_Perp
Kalshi KXBNBPERP
StandX BNB-USD
gTrade (Gains Network) BNB/USD
Variational Omni BNB
BingX BNB-USDC
Bybit BNBUSDT
Aster BNBUSDTShow all 46 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter BNB | +0.0096% | 1h | 800.00 | −0.024% | $2.8M | $4.2M | 20x | as long as short |
| Coinbase International BNB-PERP-INTX | +0.0096% | 1h | 801.17 | +0.121% | $610K | $995K | 50x | as long as short |
| Nado BNB-PERP | +0.0100% | 1h | 799.73 | −0.058% | $1.4M | $2.7M | 20x | as long as short |
| Pacifica BNB | +0.0100% | 1h | 799.81 | −0.048% | $1.2M | $926K | 20x | as long as short |
| OKX BNB-USDT-SWAP | +0.0100% | 8h | 799.50 | −0.087% | $54.6M | $115.2M | 50x | as long as short |
| Arcus BNB-USD | +0.0100% | 1h | 799.90 | −0.037% | $53K | $151K | 10x | as long as short |
| Gate BNB_USDT | +0.0100% | 8h | 799.35 | −0.106% | $35.7M | $58.7M | 75x | as long as short |
| KuCoin BNBUSDTM | +0.0100% | 8h | 799.55 | −0.081% | $28.0M | $10.5M | 75x | as long as short |
| Bitget BNBUSDT | +0.0100% | 8h | 799.44 | −0.095% | $80.8M | $26.6M | 75x | as long as short |
| edgeX BNBUSDC | +0.0100% | 4h | 801.22 | +0.128% | $4.2M | $77.6M | 30x | as long as short |
| ApeX Omni BNBUSDT | +0.0100% | 1h | 800.94 | +0.092% | $161K | $443K | 50x | as long as short |
| Polymarket Perps BNB-USD | +0.0100% | 1h | 799.53 | −0.084% | $121K | $876K | 10x | as long as short |
| Orderly PERP_BNB_USDC | +0.0100% | 8h | 799.58 | −0.077% | $386K | $527K | 50x | as long as short |
| Derive BNB-PERP | +0.0100% | 1h | 799.77 | −0.054% | $32K | $5K | 10x | as long as short |
| SunX BNB-USDT | +0.0100% | 8h | 800.17 | −0.004% | $13K | $1.7M | 50x | as long as short |
| SoDEX BNB-USD | +0.0100% | 1h | 799.80 | −0.050% | $393K | $1.0M | 10x | as long as short |
| HTX BNB-USDT | +0.0100% | 8h | 799.88 | −0.040% | $8.2M | $7.9M | 75x | as long as short |
| Paradex BNB-USD-PERP | +0.0100% | 8h | 800.15 | −0.007% | $78K | $19K | 50x | as long as short |
| Extended BNB-USD | +0.0104% | 1h | 799.15 | −0.131% | $1.9M | $6.3M | 50x | as long as short |
| Aevo BNB-PERP | +0.0104% | 1h | 799.64 | −0.069% | $384K | $40K | 10x | as long as short |
| MEXC BNB_USDT | +0.0116% | 8h | 800.60 | +0.050% | $83.2M | $13.8M | 200x | as long as short |
| Binance BNBUSDT | +0.0117% | 8h | 800.26 | +0.008% | $502.6M | $816.7M | 75x | as long as short |
| Phemex BNBUSDTlong | +0.0118% | 8h | 800.20 | long leg | $69.9M | $51.8M | 50x | |
| Phoenix BNB | +0.0155% | 1h | 801.63 | +0.179% | $172K | $35K | 10x | as long as short |
| Hibachi BNB/USDT-P | +0.0192% | 1h | 800.13 | −0.009% | $71K | $48K | 12x | as long as short |
| Deribit BNB_USDC-PERPETUAL | +0.0200% | 1h | 800.07 | −0.016% | $1.6M | $165K | 25x | as long as short |
| Kraken Futures PF_BNBUSD | +0.0207% | 1h | 799.63 | −0.072% | $2.6M | $971K | 50x | as long as short |
| BloFin BNB-USDT | +0.0237% | 8h | 800.61 | +0.051% | $18.3M | $2.5M | 75x | as long as short |
| Injective BNB/USDC PERP | +0.0311% | 1h | 805.09 | +0.611% | $19K | $789K | 30x | as long as short |
| Bulk BNB-USD | +0.0314% | 1h | 802.70 | +0.312% | $652K | $21K | 10x | as long as short |
| RISEx BNB/USDC | +0.0318% | 1h | 799.85 | −0.044% | $1.1M | $1.4M | 20x | as long as short |
| Hyperliquid BNB | +0.0320% | 1h | 800.50 | +0.037% | $51.8M | $21.9M | 10x | as long as short |
| 01 Exchange BNBUSD | +0.0320% | 1h | 800.27 | +0.009% | $28K | $1K | 10x | as long as short |
| dYdX BNB-USD | +0.0324% | 1h | 799.94 | −0.032% | $161K | $62K | 10x | as long as short |
| Reya BNBRUSDPERP | +0.0332% | 1h | 799.27 | −0.116% | $6K | $3K | 40x | as long as short |
| Backpack BNB_USDC_PERP | +0.0584% | 1h | 800.49 | +0.036% | $2.7M | $5.7M | 40x | as long as short |
Lighter BNB
Coinbase International BNB-PERP-INTX
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
Paradex BNB-USD-PERP
Extended BNB-USD
Aevo BNB-PERP
MEXC BNB_USDT
Binance BNBUSDT
Phoenix BNB
Hibachi BNB/USDT-P
Deribit BNB_USDC-PERPETUAL
Kraken Futures PF_BNBUSD
BloFin BNB-USDT
Injective BNB/USDC PERP
Bulk BNB-USD
RISEx BNB/USDC
Hyperliquid BNB
01 Exchange BNBUSD
dYdX BNB-USD
Reya BNBRUSDPERP
Backpack BNB_USDC_PERP