BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0180%/8h= +19.7% APRnext payment +$0.23 per $10,000 · paid last 24h +0.101%

Price spread now: Backpack against Hotstuff−0.003%7-day average — · you buy dearer than you sell

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

Long on Hotstuff Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 4 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 sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$5 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hotstuff BNB-PERP	786.93	−0.0080	get 0.0010% / 1h	17m 12s	$4K	$42	25x
Short	Backpack BNB_USDC_PERP	786.91	0.0100	get 0.0013% / 1h	17m 12s	$2.2M	$6.1M	40x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against Hotstuff. 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 HotstuffbpFee BackpackbpOrdersPrice spread, now −0.003%Rate

Funding earned: $37.8
Price spread: −0.003% → 0.000%: −$0.25
Slippage, 4 orders: no order book: not counted
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Fee Backpack: 5 bp × 2 orders: −$10
Net: $22.55
Costs to cover: 0.150%
Break-even: 2.8 days

Slippage unknown: Hotstuff: no order-book sample; Backpack: live order book, 2 min ago. 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 Hotstuff no order-book sample	—	—	—	—	—
Sell Backpack live order book, 2 min ago	0.06 bp	6.0 bp −$6	7.6 bp −$76	doesn't fit	doesn't fit

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 −0.0192% / S +0.0356%	1h	786.23	−0.090%	$46K	—	200x	as long as short
Hotstuff BNB-PERPlong	−0.0080%	1h	786.93	long leg	$4K	$42	25x
StandX BNB-USD	0.0000%	1h	787.37	+0.056%	$849K	$2.9M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	786.47	−0.058%	$9.5M	—	150x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.308%	$19K	$789K	30x	as long as short
Aster BNBUSDT	+0.0037%	8h	787.27	+0.043%	$6.1M	$19.0M	200x	as long as short
BingX BNB-USDT	+0.0045%	8h	786.68	−0.032%	—	$22.2M	—	as long as short
Phemex BNBUSDT	+0.0056%	8h	787.19	+0.033%	$68.9M	$50.6M	50x	as long as short
MEXC BNB_USDT	+0.0061%	8h	787.40	+0.060%	$80.5M	$12.0M	200x	as long as short
Binance BNBUSDT	+0.0061%	8h	787.26	+0.042%	$490.4M	$812.5M	75x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_BNBUSD	+0.0069%	1h	786.51	−0.053%	$2.5M	$1.2M	50x	as long as short
Coinbase International BNB-PERP-INTX	+0.0080%	1h	785.85	−0.137%	$568K	$1.9M	50x	as long as short
Lighter BNB	+0.0096%	1h	786.75	−0.022%	$2.7M	$3.8M	20x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	786.53	−0.051%	$265K	$489K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	786.10	−0.105%	$1.4M	$2.7M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	787.21	+0.036%	$51.5M	$17.6M	10x	as long as short
Pacifica BNB	+0.0100%	1h	786.66	−0.035%	$1.2M	$933K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	786.50	−0.055%	$138.1M	$74.7M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	786.40	−0.067%	$53.4M	$112.6M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	786.70	−0.029%	$52K	$129K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	786.50	−0.055%	$36.7M	$59.2M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	786.40	−0.067%	$27.7M	$10.2M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	786.23	−0.089%	$76.1M	$31.0M	75x	as long as short
Backpack BNB_USDC_PERPshort	+0.0100%	1h	786.91	−0.003%	$2.2M	$6.1M	40x
Variational Omni BNB	+0.0100%	8h	785.81	−0.142%	$4.0M	$4.8M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	786.59	−0.044%	$4.1M	$75.5M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	786.98	+0.006%	$158K	$437K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	786.37	−0.071%	$131K	$951K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	786.64	−0.037%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	787.10	+0.022%	$12K	$1.5M	50x	as long as short
HTX BNB-USDT	+0.0100%	8h	786.66	−0.034%	$8.0M	$10.1M	75x	as long as short
Paradex BNB-USD-PERP	+0.0101%	8h	786.90	−0.004%	$76K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	786.24	−0.087%	$1.8M	$6.2M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	786.60	−0.042%	$378K	$110K	10x	as long as short
Phoenix BNB	+0.0107%	1h	786.33	−0.076%	$169K	$35K	10x	as long as short
SoDEX BNB-USD	+0.0130%	1h	786.70	−0.029%	$387K	$993K	10x	as long as short
Kalshi KXBNBPERP	+0.0142%	8h	786.80	−0.017%	$160K	$2.7M	4.8x	as long as short
dYdX BNB-USD	+0.0160%	1h	786.37	−0.072%	$159K	$62K	10x	as long as short
BloFin BNB-USDT	+0.0181%	8h	787.12	+0.024%	$17.7M	$2.2M	75x	as long as short
GRVT BNB_USDT_Perp	+0.0217%	8h	787.48	+0.070%	$2.9M	$29.5M	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	786.92	−0.001%	$1.5M	$143K	25x	as long as short
01 Exchange BNBUSD	+0.0304%	1h	787.25	+0.041%	$28K	$4K	10x	as long as short
Reya BNBRUSDPERP	+0.0323%	1h	786.21	−0.092%	$6K	$3K	40x	as long as short
Bulk BNB-USD	+0.0341%	1h	785.39	−0.195%	$637K	$4K	10x	as long as short
RISEx BNB/USDC	+0.0432%	1h	786.75	−0.023%	$1.1M	$901K	20x	as long as short
Hibachi BNB/USDT-P	+0.0536%	1h	786.96	+0.004%	$67K	$39K	12x	as long as short