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

BNB

all BNB markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC−0.0176%/8h= −19.2% APRpaid last 24h −0.065%
Price spread now: Hotstuff against Aster−0.024%7-day average · you buy dearer than you sell
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 airdropAster: Stage 5 · Hotstuff: Active · farm boardneeds both histories
Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Hotstuff is 0.024% cheaper against Aster than usual: you would sell low and buy high (−$2 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster BNBUSDT806.750.0096pay 0.0096% / 8h2h 23m$6.4M$18.8M200x
ShortHotstuff BNB-PERP806.56−0.0080pay 0.0010% / 1h23m 42s$4K$1K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hotstuff against Aster. 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
−$36.88
Price spread: −0.024% → 0.000%
−$2.36
Slippage, 4 orders
no order book: not counted
Fee Aster: 4 bp × 2 orders
−$8
Fee Hotstuff: 2.5 bp × 2 orders
−$5
Net
−$52.23
Costs to cover
0.130%
Break-even
never at this rate
Slippage unknown: Aster: live order book, 5 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 Aster live order book, 5 min ago0.56 bp5.2 bp −$56.2 bp −$6219.5 bp −$1,949doesn'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 −0.0195% / S +0.0371%1h805.95−0.099%$49K200xas long as short
Hotstuff BNB-PERPshort−0.0080%1h806.56−0.024%$4K$1K25x
GRVT BNB_USDT_Perp0.0000%8h805.40−0.167%$3.0M$29.4M10xas long as short
Kalshi KXBNBPERP0.0000%8h806.30−0.056%$112K$2.5M4.8xas long as short
StandX BNB-USD0.0000%1h805.57−0.146%$871K$2.9M30xas long as short
gTrade (Gains Network) BNB/USDL +0.0008% / S −0.0007%1h805.96−0.098%$9.8M150xas long as short
Kraken Futures PF_BNBUSD+0.0038%1h806.21−0.067%$2.5M$908K50xas long as short
Variational Omni BNB+0.0048%8h805.22−0.189%$4.0M$5.4Mas long as short
BingX BNB-USDT+0.0052%8h806.20−0.068%$34.5Mas long as short
Bybit BNBUSDT+0.0077%8h805.69−0.131%$139.7M$82.5M75xas long as short
Show all 46 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Coinbase International BNB-PERP-INTX+0.0088%1h804.80−0.242%$609K$879K50xas long as short
Aster BNBUSDTlong+0.0096%8h806.75long leg$6.4M$18.8M200x
Lighter BNB+0.0096%1h806.34−0.050%$2.8M$4.2M20xas long as short
Nado BNB-PERP+0.0100%1h805.76−0.122%$1.4M$2.8M20xas long as short
Pacifica BNB+0.0100%1h806.38−0.046%$1.2M$923K20xas long as short
OKX BNB-USDT-SWAP+0.0100%8h805.90−0.105%$55.2M$115.9M50xas long as short
Arcus BNB-USD+0.0100%1h806.40−0.043%$53K$168K10xas long as short
Gate BNB_USDT+0.0100%8h805.90−0.105%$36.0M$58.6M75xas long as short
KuCoin BNBUSDTM+0.0100%8h805.92−0.103%$28.2M$10.5M75xas long as short
Bitget BNBUSDT+0.0100%8h805.77−0.121%$79.3M$24.5M75xas long as short
edgeX BNBUSDC+0.0100%4h805.49−0.157%$4.2M$76.8M30xas long as short
ApeX Omni BNBUSDT+0.0100%1h805.60−0.143%$159K$438K50xas long as short
Polymarket Perps BNB-USD+0.0100%1h805.83−0.114%$119K$868K10xas long as short
Orderly PERP_BNB_USDC+0.0100%8h806.06−0.086%$389K$593K50xas long as short
Derive BNB-PERP+0.0100%1h806.22−0.066%$32K$5K10xas long as short
SunX BNB-USDT+0.0100%8h806.52−0.029%$13K$1.7M50xas long as short
HTX BNB-USDT+0.0100%8h805.60−0.142%$8.2M$7.5M75xas long as short
Paradex BNB-USD-PERP+0.0100%8h806.90+0.019%$79K$19K50xas long as short
Extended BNB-USD+0.0104%1h805.69−0.132%$1.9M$6.1M50xas long as short
Aevo BNB-PERP+0.0104%1h806.18−0.071%$387K$40K10xas long as short
MEXC BNB_USDT+0.0110%8h806.90+0.019%$84.7M$13.6M200xas long as short
Binance BNBUSDT+0.0111%8h806.82+0.009%$521.0M$804.3M75xas long as short
Phoenix BNB+0.0125%1h805.78−0.120%$173K$35K10xas long as short
Phemex BNBUSDT+0.0126%8h806.68−0.009%$70.4M$51.8M50xas long as short
Hyperliquid BNB+0.0178%1h806.83+0.010%$51.8M$21.3M10xas long as short
Bulk BNB-USD+0.0197%1h804.34−0.299%$650K$11K10xas long as short
Deribit BNB_USDC-PERPETUAL+0.0200%1h806.60−0.019%$1.6M$165K25xas long as short
SoDEX BNB-USD+0.0200%1h806.10−0.081%$396K$1.0M10xas long as short
RISEx BNB/USDC+0.0209%1h806.45−0.037%$1.2M$1.5M20xas long as short
BloFin BNB-USDT+0.0230%8h806.35−0.050%$18.8M$3.1M75xas long as short
Hibachi BNB/USDT-P+0.0240%1h805.61−0.141%$71K$48K12xas long as short
dYdX BNB-USD+0.0254%1h805.64−0.138%$170K$55K10xas long as short
Reya BNBRUSDPERP+0.0334%1h805.67−0.134%$6K$3K40xas long as short
01 Exchange BNBUSD+0.0344%1h807.16+0.051%$29K$1K10xas long as short
Injective BNB/USDC PERP+0.0353%1h804.89−0.231%$19K$627K30xas long as short
Backpack BNB_USDC_PERP+0.0654%1h807.02+0.033%$3.0M$5.5M40xas long as short