Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0131%/8h= +14.3% APRpaid last 24h +0.041%

Price spread now: BingX against Hotstuff−0.082%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 BingX

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

Funding pays, the price is against you. BingX is 0.082% cheaper against Hotstuff than usual: you would sell low and buy high (spread −0.082% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$8 on $10k: about 2.1 days of funding at the current rate (+$4 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hotstuff BNB-PERP	790.11	−0.0080	get 0.0010% / 1h	1m 57s	$4K	$239	25x
Short	BingX BNB-USDC	789.46	0.0051	get 0.0051% / 8h	6h 01m	—	$13.4M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now −0.082%Rate

Funding earned: $27.51
Price spread: −0.082% → 0.000%: −$8.23
Slippage, 4 orders: no order book: not counted
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Fee BingX: 5 bp × 2 orders: −$10
Net: $4.28
Costs to cover: 0.150%
Break-even: 5.9 days

Slippage unknown: Hotstuff: no order-book sample; BingX: live order book, 6 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 BingX live order book, 6 min ago	0.32 bp	8.4 bp −$8	12.7 bp −$127	27.9 bp −$2,793	72.5 bp −$36.3K

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 45 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 −0.0167% / S +0.0335%	1h	789.61	−0.063%	$46K	—	200x	as long as short
Kraken Futures PF_BNBUSD	−0.0132%	1h	789.47	−0.081%	$2.5M	$1.2M	50x	as long as short
Hotstuff BNB-PERPlong	−0.0080%	1h	790.11	long leg	$4K	$239	25x
StandX BNB-USD	0.0000%	1h	790.96	+0.108%	$855K	$3.2M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	789.69	−0.053%	$9.6M	—	150x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+1.896%	$19K	$789K	30x	as long as short
Aster BNBUSDT	+0.0035%	8h	790.15	+0.005%	$6.2M	$19.0M	200x	as long as short
BingX BNB-USDCshort	+0.0051%	8h	789.46	−0.082%	—	$13.4M	—
Phemex BNBUSDT	+0.0054%	8h	790.18	+0.009%	$69.1M	$50.8M	50x	as long as short
Variational Omni BNB	+0.0055%	8h	789.21	−0.114%	$4.1M	$4.8M	—	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International BNB-PERP-INTX	+0.0056%	1h	789.66	−0.057%	$619K	$1.8M	50x	as long as short
Gate BNB_USDT	+0.0067%	8h	789.55	−0.071%	$35.2M	$58.0M	75x	as long as short
MEXC BNB_USDT	+0.0067%	8h	790.40	+0.037%	$80.4M	$13.2M	200x	as long as short
Binance BNBUSDT	+0.0067%	8h	790.16	+0.006%	$494.6M	$816.3M	75x	as long as short
Phoenix BNB	+0.0088%	1h	789.43	−0.086%	$170K	$36K	10x	as long as short
GRVT BNB_USDT_Perp	+0.0095%	8h	789.99	−0.015%	$2.9M	$28.4M	10x	as long as short
Lighter BNB	+0.0096%	1h	789.80	−0.039%	$2.8M	$4.1M	20x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	789.59	−0.066%	$382K	$386K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	789.20	−0.115%	$1.5M	$2.7M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	790.20	+0.011%	$51.8M	$18.7M	10x	as long as short
Pacifica BNB	+0.0100%	1h	789.65	−0.058%	$1.2M	$920K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	789.50	−0.077%	$138.9M	$79.3M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	789.40	−0.090%	$53.3M	$113.2M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	789.80	−0.039%	$52K	$135K	10x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	789.34	−0.097%	$27.8M	$10.4M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	789.28	−0.105%	$77.3M	$29.9M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	789.48	−0.080%	$4.1M	$77.2M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	789.73	−0.048%	$159K	$439K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	789.48	−0.080%	$137K	$947K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	789.70	−0.052%	$31K	$9K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	790.20	+0.011%	$12K	$1.6M	50x	as long as short
HTX BNB-USDT	+0.0100%	8h	789.66	−0.057%	$8.1M	$9.0M	75x	as long as short
Paradex BNB-USD-PERP	+0.0101%	8h	790.22	+0.014%	$77K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	789.26	−0.107%	$1.8M	$5.9M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	789.61	−0.064%	$379K	$110K	10x	as long as short
dYdX BNB-USD	+0.0113%	1h	789.56	−0.070%	$160K	$64K	10x	as long as short
SoDEX BNB-USD	+0.0114%	1h	789.70	−0.052%	$388K	$1.0M	10x	as long as short
RISEx BNB/USDC	+0.0131%	1h	789.83	−0.036%	$1.1M	$1.1M	20x	as long as short
Kalshi KXBNBPERP	+0.0177%	8h	790.20	+0.011%	$92K	$2.9M	4.8x	as long as short
01 Exchange BNBUSD	+0.0272%	1h	790.22	+0.014%	$28K	$3K	10x	as long as short
Bulk BNB-USD	+0.0298%	1h	789.80	−0.039%	$640K	$13K	10x	as long as short
Reya BNBRUSDPERP	+0.0328%	1h	789.40	−0.089%	$6K	$3K	40x	as long as short
Backpack BNB_USDC_PERP	+0.0386%	1h	790.29	+0.023%	$2.7M	$5.7M	40x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0400%	1h	790.09	−0.002%	$1.5M	$160K	25x	as long as short
Hibachi BNB/USDT-P	+0.0520%	1h	790.12	+0.001%	$68K	$39K	12x	as long as short