BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0235%/8h= −25.7% APRnext payment −$0.29 per $10,000 · paid last 24h −0.064%

Price spread now: Hotstuff against Phoenix+0.072%7-day average — · you sell dearer than you buy

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

Long on Phoenix 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 0.072% dearer against Phoenix than usual: you sell high and buy low (spread +0.072% now, against zero (this spread has no 7-day history yet)): +$7 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 25 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix BNB	800.77	0.0155	pay 0.0019% / 1h	59m 09s	$172K	$34K	10x
Short	Hotstuff BNB-PERP	801.35	−0.0080	pay 0.0010% / 1h	59m 09s	$4K	$1K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hotstuff against Phoenix. 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 PhoenixbpFee HotstuffbpOrdersPrice spread, now +0.072%Rate

Funding earned: −$49.37
Price spread: +0.072% → 0.000%: $7.24
Slippage, 4 orders: no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Net: −$54.12
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Phoenix: live order book, 12 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 Phoenix live order book, 12 min ago	1.00 bp	12.4 bp −$12	50.9 bp −$509	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 −0.0201% / S +0.0372%	1h	800.94	+0.021%	$48K	—	200x	as long as short
Hotstuff BNB-PERPshort	−0.0080%	1h	801.35	+0.072%	$4K	$1K	25x
Kraken Futures PF_BNBUSD	−0.0074%	1h	801.15	+0.047%	$2.6M	$969K	50x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	800.99	+0.027%	$3.0M	$28.4M	10x	as long as short
StandX BNB-USD	0.0000%	1h	802.01	+0.155%	$867K	$2.9M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	800.92	+0.019%	$9.8M	—	150x	as long as short
Variational Omni BNB	+0.0031%	8h	800.04	−0.091%	$4.2M	$5.4M	—	as long as short
BingX BNB-USDT	+0.0052%	8h	801.06	+0.036%	—	$34.8M	—	as long as short
Bybit BNBUSDT	+0.0066%	8h	800.97	+0.025%	$139.2M	$78.6M	75x	as long as short
Coinbase International BNB-PERP-INTX	+0.0072%	1h	800.72	−0.006%	$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	801.52	+0.094%	$2.8M	$4.1M	20x	as long as short
Nado BNB-PERP	+0.0100%	1h	800.48	−0.037%	$1.4M	$2.7M	20x	as long as short
Pacifica BNB	+0.0100%	1h	801.21	+0.055%	$1.2M	$926K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	801.10	+0.041%	$54.8M	$113.8M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	801.40	+0.079%	$53K	$134K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	800.65	−0.015%	$35.8M	$57.3M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	801.08	+0.039%	$28.0M	$10.3M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	800.86	+0.011%	$80.8M	$26.7M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	800.55	−0.027%	$4.2M	$77.7M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	800.56	−0.026%	$161K	$442K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	800.78	+0.001%	$119K	$874K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	800.99	+0.027%	$387K	$489K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	801.18	+0.051%	$32K	$5K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	801.40	+0.079%	$13K	$1.7M	50x	as long as short
HTX BNB-USDT	+0.0100%	8h	800.97	+0.025%	$8.2M	$7.9M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	801.71	+0.118%	$78K	$19K	50x	as long as short
Aster BNBUSDT	+0.0100%	8h	801.72	+0.119%	$6.4M	$18.9M	200x	as long as short
Extended BNB-USD	+0.0104%	1h	800.67	−0.012%	$1.9M	$6.3M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	801.34	+0.071%	$385K	$40K	10x	as long as short
Phemex BNBUSDT	+0.0114%	8h	801.43	+0.082%	$70.1M	$51.0M	50x	as long as short
Kalshi KXBNBPERP	+0.0117%	8h	801.10	+0.041%	$109K	$2.9M	4.8x	as long as short
MEXC BNB_USDT	+0.0119%	8h	802.40	+0.204%	$83.3M	$13.5M	200x	as long as short
Binance BNBUSDT	+0.0121%	8h	801.90	+0.142%	$501.8M	$818.9M	75x	as long as short
Phoenix BNBlong	+0.0155%	1h	800.77	long leg	$172K	$34K	10x
Hyperliquid BNB	+0.0238%	1h	801.66	+0.111%	$51.9M	$21.6M	10x	as long as short
Hibachi BNB/USDT-P	+0.0240%	1h	800.59	−0.023%	$71K	$48K	12x	as long as short
BloFin BNB-USDT	+0.0241%	8h	801.83	+0.132%	$18.2M	$2.5M	75x	as long as short
SoDEX BNB-USD	+0.0247%	1h	801.30	+0.066%	$394K	$1.0M	10x	as long as short
RISEx BNB/USDC	+0.0258%	1h	801.05	+0.035%	$1.1M	$1.4M	20x	as long as short
Bulk BNB-USD	+0.0289%	1h	801.15	+0.047%	$651K	$20K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	801.56	+0.099%	$1.6M	$165K	25x	as long as short
Injective BNB/USDC PERP	+0.0306%	1h	805.09	+0.539%	$19K	$789K	30x	as long as short
Reya BNBRUSDPERP	+0.0332%	1h	800.45	−0.040%	$6K	$3K	40x	as long as short
dYdX BNB-USD	+0.0369%	1h	800.88	+0.014%	$161K	$62K	10x	as long as short
01 Exchange BNBUSD	+0.0448%	1h	801.71	+0.117%	$28K	$1K	10x	as long as short
Backpack BNB_USDC_PERP	+0.0556%	1h	802.04	+0.159%	$2.7M	$5.7M	40x	as long as short