Funding you earn now, next payment 01:00 UTC−0.0213%/8h= −23.3% APRnext payment −$0.27 per $10,000 · paid last 24h −0.107%
Price spread now: Hotstuff against Bulk−0.156%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 0.156% cheaper against Bulk than usual: you would sell low and buy high (−$16 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 | Bulk BNB-USD | 798.69 | 0.0133 | pay 0.0017% / 1h | 6m 30s | $649K | $10K | 10x |
| Short | Hotstuff BNB-PERP | 797.44 | −0.0080 | pay 0.0010% / 1h | 6m 30s | $4K | $239 | 25x |
Bulk BNB-USD
Hotstuff BNB-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hotstuff against Bulk. 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
- −$44.7
- Price spread: −0.156% → 0.000%
- −$15.64
- Slippage, 4 orders
- no order book: not counted
- Fee Bulk: 3.5 bp × 2 orders
- −$7
- Fee Hotstuff: 2.5 bp × 2 orders
- −$5
- Net
- −$72.34
- Costs to cover
- 0.120%
- Break-even
- never at this rate
Slippage unknown: Bulk: live order book, 3 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 Bulk live order book, 3 min ago | 0.06 bp | 3.6 bp −$4 | 4.1 bp −$41 | 7.0 bp −$701 | 16.8 bp −$8,405 |
| 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 −0.0159% / S +0.0335% | 1h | 797.07 | −0.203% | $47K | — | 200x | as long as short |
| Kraken Futures PF_BNBUSD | −0.0121% | 1h | 797.00 | −0.212% | $2.5M | $1.0M | 50x | as long as short |
| Hotstuff BNB-PERPshort | −0.0080% | 1h | 797.44 | −0.156% | $4K | $239 | 25x | |
| Gate BNB_USDT | −0.0010% | 8h | 796.60 | −0.262% | $35.8M | $57.1M | 75x | as long as short |
| GRVT BNB_USDT_Perp | 0.0000% | 8h | 799.15 | +0.058% | $3.0M | $27.9M | 10x | as long as short |
| StandX BNB-USD | 0.0000% | 1h | 797.80 | −0.111% | $862K | $3.0M | 30x | as long as short |
| Variational Omni BNB | +0.0008% | 8h | 797.92 | −0.097% | $4.1M | $5.1M | — | as long as short |
| gTrade (Gains Network) BNB/USD | L +0.0008% / S −0.0007% | 1h | 797.12 | −0.196% | $9.7M | — | 150x | as long as short |
| Phemex BNBUSDT | +0.0020% | 8h | 797.76 | −0.116% | $69.7M | $50.2M | 50x | as long as short |
| Injective BNB/USDC PERP | +0.0033% | 1h | 805.09 | +0.801% | $19K | $789K | 30x | as long as short |
GMX BNB/USD [WBTC.b-USDC]
Kraken Futures PF_BNBUSD
Gate BNB_USDT
GRVT BNB_USDT_Perp
StandX BNB-USD
Variational Omni BNB
gTrade (Gains Network) BNB/USD
Phemex BNBUSDT
Injective BNB/USDC PERPShow all 46 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX BNB-USDC | +0.0035% | 8h | 797.12 | −0.196% | — | $13.3M | — | as long as short |
| Aster BNBUSDT | +0.0046% | 8h | 797.41 | −0.160% | $6.1M | $19.5M | 200x | as long as short |
| Coinbase International BNB-PERP-INTX | +0.0048% | 1h | 797.60 | −0.136% | $610K | $1.1M | 50x | as long as short |
| MEXC BNB_USDT | +0.0071% | 8h | 797.80 | −0.111% | $83.0M | $13.7M | 200x | as long as short |
| Binance BNBUSDT | +0.0071% | 8h | 797.36 | −0.167% | $496.3M | $810.6M | 75x | as long as short |
| Bybit BNBUSDT | +0.0071% | 8h | 796.70 | −0.249% | $138.4M | $76.2M | 75x | as long as short |
| Lighter BNB | +0.0096% | 1h | 797.36 | −0.167% | $2.8M | $4.0M | 20x | as long as short |
| Phoenix BNB | +0.0099% | 1h | 799.02 | +0.041% | $172K | $36K | 10x | as long as short |
| Nado BNB-PERP | +0.0100% | 1h | 796.95 | −0.218% | $1.5M | $2.7M | 20x | as long as short |
| Pacifica BNB | +0.0100% | 1h | 797.24 | −0.181% | $1.2M | $930K | 20x | as long as short |
| OKX BNB-USDT-SWAP | +0.0100% | 8h | 796.60 | −0.262% | $54.2M | $110.7M | 50x | as long as short |
| Arcus BNB-USD | +0.0100% | 1h | 797.20 | −0.186% | $52K | $127K | 10x | as long as short |
| KuCoin BNBUSDTM | +0.0100% | 8h | 797.00 | −0.211% | $27.9M | $10.0M | 75x | as long as short |
| Bitget BNBUSDT | +0.0100% | 8h | 796.64 | −0.257% | $78.1M | $28.0M | 75x | as long as short |
| edgeX BNBUSDC | +0.0100% | 4h | 799.04 | +0.044% | $4.2M | $76.0M | 30x | as long as short |
| ApeX Omni BNBUSDT | +0.0100% | 1h | 799.32 | +0.079% | $161K | $436K | 50x | as long as short |
| Polymarket Perps BNB-USD | +0.0100% | 1h | 797.15 | −0.193% | $113K | $885K | 10x | as long as short |
| Orderly PERP_BNB_USDC | +0.0100% | 8h | 797.11 | −0.198% | $385K | $459K | 50x | as long as short |
| Derive BNB-PERP | +0.0100% | 1h | 797.30 | −0.174% | $32K | $9K | 10x | as long as short |
| SunX BNB-USDT | +0.0100% | 8h | 797.64 | −0.131% | $13K | $1.6M | 50x | as long as short |
| SoDEX BNB-USD | +0.0100% | 1h | 797.30 | −0.174% | $392K | $995K | 10x | as long as short |
| HTX BNB-USDT | +0.0100% | 8h | 797.35 | −0.167% | $8.2M | $8.4M | 75x | as long as short |
| Paradex BNB-USD-PERP | +0.0100% | 8h | 797.49 | −0.151% | $78K | $18K | 50x | as long as short |
| Extended BNB-USD | +0.0104% | 1h | 796.45 | −0.280% | $1.8M | $6.0M | 50x | as long as short |
| Aevo BNB-PERP | +0.0104% | 1h | 797.23 | −0.182% | $383K | $110K | 10x | as long as short |
| Bulk BNB-USDlong | +0.0133% | 1h | 798.69 | long leg | $649K | $10K | 10x | |
| RISEx BNB/USDC | +0.0155% | 1h | 796.98 | −0.214% | $1.1M | $1.4M | 20x | as long as short |
| Kalshi KXBNBPERP | +0.0160% | 8h | 797.90 | −0.099% | $88K | $2.8M | 4.8x | as long as short |
| dYdX BNB-USD | +0.0187% | 1h | 797.59 | −0.138% | $161K | $63K | 10x | as long as short |
| BloFin BNB-USDT | +0.0191% | 8h | 797.85 | −0.105% | $18.1M | $2.5M | 75x | as long as short |
| 01 Exchange BNBUSD | +0.0200% | 1h | 797.12 | −0.196% | $28K | $1K | 10x | as long as short |
| Deribit BNB_USDC-PERPETUAL | +0.0200% | 1h | 797.61 | −0.136% | $1.6M | $161K | 25x | as long as short |
| Hyperliquid BNB | +0.0284% | 1h | 797.89 | −0.100% | $53.0M | $20.1M | 10x | as long as short |
| Reya BNBRUSDPERP | +0.0330% | 1h | 796.70 | −0.249% | $6K | $3K | 40x | as long as short |
| Hibachi BNB/USDT-P | +0.0344% | 1h | 798.94 | +0.031% | $68K | $39K | 12x | as long as short |
| Backpack BNB_USDC_PERP | +0.0429% | 1h | 797.97 | −0.090% | $2.7M | $5.7M | 40x | as long as short |
BingX BNB-USDC
Aster BNBUSDT
Coinbase International BNB-PERP-INTX
MEXC BNB_USDT
Binance BNBUSDT
Bybit BNBUSDT
Lighter BNB
Phoenix BNB
Nado BNB-PERP
Pacifica BNB
OKX BNB-USDT-SWAP
Arcus BNB-USD
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
RISEx BNB/USDC
Kalshi KXBNBPERP
dYdX BNB-USD
BloFin BNB-USDT
01 Exchange BNBUSD
Deribit BNB_USDC-PERPETUAL
Hyperliquid BNB
Reya BNBRUSDPERP
Hibachi BNB/USDT-P
Backpack BNB_USDC_PERP