Settings8H · net · $10k
Funding arb · Price arb /

BNB

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC−0.0311%/8h= −34.0% APRnext payment $0.39 per $10,000 · paid last 24h −0.061%
Price spread now: Hotstuff against SoDEX+0.020%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
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 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropHotstuff: Active · 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: −$9 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSoDEX BNB-USD803.100.0231pay 0.0029% / 1h52m 52s$395K$1.0M10x
ShortHotstuff BNB-PERP803.26−0.0080pay 0.0010% / 1h52m 52s$4K$1K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hotstuff against SoDEX. 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

Funding earned
−$65.29
Price spread: +0.020% → 0.000%
$1.99
Slippage, 4 orders
no order book: not counted
Fee SoDEX: 4 bp × 2 orders
−$8
Fee Hotstuff: 2.5 bp × 2 orders
−$5
Net
−$76.3
Costs to cover
0.130%
Break-even
never at this rate
Slippage unknown: SoDEX: live order book, 1 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
LegHalf-spread$10k$100k$1M$5M
Buy SoDEX live order book, 1 min ago0.62 bp5.1 bp −$59.3 bp −$9383.3 bp −$8,327doesn'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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GMX BNB/USD [WBTC.b-USDC]L −0.0201% / S +0.0372%1h802.98−0.015%$48K200xas long as short
Hotstuff BNB-PERPshort−0.0080%1h803.26+0.020%$4K$1K25x
Kraken Futures PF_BNBUSD−0.0074%1h803.00−0.012%$2.6M$969K50xas long as short
GRVT BNB_USDT_Perp0.0000%8h802.91−0.024%$3.0M$28.2M10xas long as short
StandX BNB-USD0.0000%1h803.25+0.019%$868K$2.9M30xas long as short
gTrade (Gains Network) BNB/USDL +0.0008% / S −0.0007%1h803.05−0.006%$9.8M150xas long as short
Variational Omni BNB+0.0031%8h801.64−0.182%$4.2M$5.4Mas long as short
BingX BNB-USDT+0.0053%8h802.93−0.021%$34.8Mas long as short
Bybit BNBUSDT+0.0066%8h802.50−0.075%$139.4M$78.6M75xas long as short
Coinbase International BNB-PERP-INTX+0.0072%1h800.72−0.296%$607K$998K50xas long as short
Show all 46 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter BNB+0.0096%1h803.39+0.036%$2.8M$4.1M20xas long as short
Nado BNB-PERP+0.0100%1h802.80−0.037%$1.4M$2.7M20xas long as short
Pacifica BNB+0.0100%1h802.97−0.016%$1.2M$926K20xas long as short
OKX BNB-USDT-SWAP+0.0100%8h802.60−0.062%$54.8M$113.7M50xas long as short
Arcus BNB-USD+0.0100%1h803.50+0.050%$53K$133K10xas long as short
Gate BNB_USDT+0.0100%8h802.70−0.050%$35.8M$57.6M75xas long as short
KuCoin BNBUSDTM+0.0100%8h802.99−0.014%$28.1M$10.3M75xas long as short
Bitget BNBUSDT+0.0100%8h802.51−0.073%$79.6M$27.4M75xas long as short
edgeX BNBUSDC+0.0100%4h803.03−0.009%$4.2M$77.7M30xas long as short
ApeX Omni BNBUSDT+0.0100%1h802.61−0.061%$162K$442K50xas long as short
Polymarket Perps BNB-USD+0.0100%1h803.09−0.001%$119K$874K10xas long as short
Orderly PERP_BNB_USDC+0.0100%8h803.05−0.006%$388K$497K50xas long as short
Derive BNB-PERP+0.0100%1h803.18+0.010%$32K$5K10xas long as short
SunX BNB-USDT+0.0100%8h803.86+0.095%$13K$1.7M50xas long as short
HTX BNB-USDT+0.0100%8h802.90−0.025%$8.2M$7.9M75xas long as short
Paradex BNB-USD-PERP+0.0100%8h803.41+0.039%$78K$19K50xas long as short
Extended BNB-USD+0.0104%1h802.34−0.094%$1.9M$6.4M50xas long as short
Aevo BNB-PERP+0.0104%1h803.36+0.033%$386K$40K10xas long as short
Aster BNBUSDT+0.0104%8h803.81+0.089%$6.4M$19.0M200xas long as short
Kalshi KXBNBPERP+0.0113%8h803.50+0.050%$109K$2.9M4.8xas long as short
Phemex BNBUSDT+0.0115%8h803.64+0.067%$70.2M$51.0M50xas long as short
MEXC BNB_USDT+0.0123%8h803.80+0.087%$83.6M$13.5M200xas long as short
Binance BNBUSDT+0.0125%8h803.48+0.047%$502.6M$818.4M75xas long as short
Phoenix BNB+0.0127%1h803.21+0.014%$173K$36K10xas long as short
SoDEX BNB-USDlong+0.0231%1h803.10long leg$395K$1.0M10x
BloFin BNB-USDT+0.0245%8h803.74+0.080%$18.2M$2.6M75xas long as short
Hibachi BNB/USDT-P+0.0248%1h802.88−0.028%$71K$49K12xas long as short
RISEx BNB/USDC+0.0258%1h803.38+0.035%$1.1M$1.4M20xas long as short
Bulk BNB-USD+0.0289%1h801.15−0.243%$651K$20K10xas long as short
Deribit BNB_USDC-PERPETUAL+0.0300%1h803.47+0.046%$1.6M$165K25xas long as short
Injective BNB/USDC PERP+0.0306%1h805.09+0.248%$19K$789K30xas long as short
Hyperliquid BNB+0.0309%1h803.84+0.092%$52.0M$21.3M10xas long as short
Backpack BNB_USDC_PERP+0.0320%1h803.68+0.072%$2.7M$5.7M40xas long as short
Reya BNBRUSDPERP+0.0332%1h802.72−0.047%$6K$3K40xas long as short
01 Exchange BNBUSD+0.0432%1h803.95+0.106%$28K$1K10xas long as short
dYdX BNB-USD+0.0498%1h802.23−0.108%$162K$62K10xas long as short