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Funding arb · Price arb /

BNB

all BNB markets
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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 05:00 UTC+0.0180%/8h= +19.7% APRpaid last 24h +0.045%
Price spread now: Bybit against Hotstuff−0.096%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Long on HotstuffShort on Bybit
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
Funding pays, the price is against you. Bybit is 0.096% cheaper against Hotstuff than usual: you would sell low and buy high (spread −0.096% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$10 on $10k: about 43 hours of funding at the current rate (+$5 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHotstuff BNB-PERP789.66−0.0080get 0.0010% / 1h50m 14s$4K$4225x
ShortBybit BNBUSDT788.900.0100get 0.0100% / 8h3h 50m$138.8M$74.1M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit 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

Funding earned
$37.8
Price spread: −0.096% → 0.000%
−$9.62
Slippage, 4 orders
no order book: not counted
Fee Hotstuff: 2.5 bp × 2 orders
−$5
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
$12.18
Costs to cover
0.160%
Break-even
4.7 days
Slippage unknown: Hotstuff: no order-book sample; Bybit: live order book, 4 min ago. 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 Hotstuff no order-book sample—————
Sell Bybit live order book, 4 min ago0.63 bp6.3 bp −$69.3 bp −$9327.8 bp −$2,782111.9 bp −$56.0K
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 −0.0191% / S +0.0355%1h788.82−0.106%$46K—200xas long as short
Kraken Futures PF_BNBUSD−0.0124%1h788.89−0.097%$2.5M$1.2M50xas long as short
Hotstuff BNB-PERPlong−0.0080%1h789.66long leg$4K$4225x
Kalshi KXBNBPERP0.0000%8h789.50−0.020%$135K$2.7M4.8xas long as short
StandX BNB-USD0.0000%1h790.39+0.092%$852K$3.2M30xas long as short
gTrade (Gains Network) BNB/USDL +0.0007% / S −0.0007%1h788.89−0.098%$9.5M—150xas long as short
Injective BNB/USDC PERP+0.0033%1h805.09+1.954%$19K$789K30xas long as short
Aster BNBUSDT+0.0036%8h789.45−0.027%$6.1M$18.8M200xas long as short
BingX BNB-USDC+0.0046%8h789.59−0.009%—$13.4M—as long as short
Binance BNBUSDT+0.0056%8h789.52−0.018%$493.1M$795.5M75xas long as short
Show all 46 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC BNB_USDT+0.0056%8h789.90+0.030%$80.1M$12.0M200xas long as short
Phemex BNBUSDT+0.0062%8h789.41−0.032%$69.0M$50.3M50xas long as short
Coinbase International BNB-PERP-INTX+0.0072%1h790.26+0.076%$580K$1.9M50xas long as short
Phoenix BNB+0.0092%1h790.40+0.094%$170K$35K10xas long as short
Lighter BNB+0.0096%1h789.22−0.056%$2.8M$3.8M20xas long as short
Orderly PERP_BNB_USDC+0.0100%8h788.79−0.110%$265K$492K50xas long as short
Nado BNB-PERP+0.0100%1h789.05−0.077%$1.5M$2.6M20xas long as short
Hyperliquid BNB+0.0100%1h789.52−0.018%$51.8M$17.5M10xas long as short
Pacifica BNB+0.0100%1h789.22−0.056%$1.2M$931K20xas long as short
Bybit BNBUSDTshort+0.0100%8h788.90−0.096%$138.8M$74.1M75x
OKX BNB-USDT-SWAP+0.0100%8h788.90−0.096%$53.4M$111.9M50xas long as short
Arcus BNB-USD+0.0100%1h789.10−0.071%$52K$133K10xas long as short
Gate BNB_USDT+0.0100%8h789.05−0.077%$35.8M$56.7M75xas long as short
KuCoin BNBUSDTM+0.0100%8h788.82−0.106%$28.1M$10.2M75xas long as short
Bitget BNBUSDT+0.0100%8h788.59−0.136%$76.3M$30.4M75xas long as short
Backpack BNB_USDC_PERP+0.0100%1h789.42−0.030%$2.2M$6.1M40xas long as short
Variational Omni BNB+0.0100%8h789.31−0.044%$4.1M$4.8M—as long as short
edgeX BNBUSDC+0.0100%4h790.26+0.076%$4.1M$73.5M30xas long as short
ApeX Omni BNBUSDT+0.0100%1h790.15+0.062%$159K$440K50xas long as short
Polymarket Perps BNB-USD+0.0100%1h788.76−0.114%$130K$955K10xas long as short
Derive BNB-PERP+0.0100%1h788.92−0.093%$31K$12K10xas long as short
SunX BNB-USDT+0.0100%8h789.50−0.020%$12K$1.5M50xas long as short
SoDEX BNB-USD+0.0100%1h789.00−0.084%$388K$1.0M10xas long as short
HTX BNB-USDT+0.0100%8h789.27−0.050%$8.1M$9.6M75xas long as short
Paradex BNB-USD-PERP+0.0100%8h789.27−0.049%$77K$17K50xas long as short
Extended BNB-USD+0.0104%1h788.48−0.149%$1.9M$6.2M50xas long as short
Aevo BNB-PERP+0.0104%1h788.78−0.111%$379K$110K10xas long as short
dYdX BNB-USD+0.0116%1h789.27−0.050%$160K$64K10xas long as short
GRVT BNB_USDT_Perp+0.0169%8h790.73+0.135%$3.0M$28.6M10xas long as short
BloFin BNB-USDT+0.0177%8h789.73+0.009%$18.1M$2.2M75xas long as short
Bulk BNB-USD+0.0234%1h790.66+0.127%$640K$9K10xas long as short
01 Exchange BNBUSD+0.0264%1h789.57−0.011%$28K$4K10xas long as short
Deribit BNB_USDC-PERPETUAL+0.0300%1h789.24−0.053%$1.5M$143K25xas long as short
Reya BNBRUSDPERP+0.0325%1h788.66−0.127%$6K$3K40xas long as short
Hibachi BNB/USDT-P+0.0384%1h789.79+0.016%$67K$39K12xas long as short
RISEx BNB/USDC+0.0431%1h789.37−0.037%$1.1M$892K20xas long as short