Funding you earn now, next payment 01:00 UTC+0.0280%/8h= +30.7% APRnext payment +$0.35 per $10,000 · paid last 24h +0.072%
Price spread now: Deribit against Hotstuff+0.022%7-day average — · you sell dearer than you buy
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 for this trade now. Funding pays +$8 a day on $10k at the current rate, and Deribit is 0.022% dearer against Hotstuff than usual: you sell high and buy low: +$2 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hotstuff BNB-PERP | 799.22 | −0.0080 | get 0.0010% / 1h | 33m 38s | $4K | $239 | 25x |
| Short | Deribit BNB_USDC-PERPETUAL | 799.40 | 0.0200 | get 0.0025% / 1h | 33m 38s | $1.6M | $160K | 25x |
Hotstuff BNB-PERP
Deribit BNB_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against Hotstuff. 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
- $58.8
- Price spread: +0.022% → 0.000%
- $2.19
- Slippage, 4 orders
- no order book: not counted
- Fee Hotstuff: 2.5 bp × 2 orders
- −$5
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- $48.99
- Costs to cover
- 0.120%
- Break-even
- 1.2 days
Slippage unknown: Hotstuff: no order-book sample; Deribit: live order book, just now. 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 Deribit live order book, just now | 1.75 bp | 9.0 bp −$9 | 14.3 bp −$143 | 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 −0.0159% / S +0.0335% | 1h | 798.84 | −0.048% | $47K | — | 200x | as long as short |
| Kraken Futures PF_BNBUSD | −0.0121% | 1h | 798.94 | −0.035% | $2.5M | $966K | 50x | as long as short |
| Hotstuff BNB-PERPlong | −0.0080% | 1h | 799.22 | long leg | $4K | $239 | 25x | |
| BingX BNB-USDT | −0.0057% | 8h | 799.03 | −0.024% | — | $35.0M | — | as long as short |
| Bybit BNBUSDT | −0.0026% | 8h | 798.40 | −0.103% | $138.6M | $75.1M | 75x | as long as short |
| GRVT BNB_USDT_Perp | 0.0000% | 8h | 798.97 | −0.031% | $3.0M | $27.4M | 10x | as long as short |
| StandX BNB-USD | 0.0000% | 1h | 799.18 | −0.005% | $864K | $2.9M | 30x | as long as short |
| Phemex BNBUSDT | 0.0000% | 8h | 799.48 | +0.033% | $69.8M | $50.5M | 50x | as long as short |
| Variational Omni BNB | +0.0004% | 8h | 798.73 | −0.062% | $4.1M | $5.2M | — | as long as short |
| gTrade (Gains Network) BNB/USD | L +0.0008% / S −0.0007% | 1h | 798.86 | −0.046% | $9.7M | — | 150x | as long as short |
GMX BNB/USD [WBTC.b-USDC]
Kraken Futures PF_BNBUSD
BingX BNB-USDT
Bybit BNBUSDT
GRVT BNB_USDT_Perp
StandX BNB-USD
Phemex BNBUSDT
Variational Omni BNB
gTrade (Gains Network) BNB/USDShow all 46 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective BNB/USDC PERP | +0.0033% | 1h | 805.09 | +0.734% | $19K | $789K | 30x | as long as short |
| Coinbase International BNB-PERP-INTX | +0.0048% | 1h | 798.73 | −0.061% | $602K | $972K | 50x | as long as short |
| Aster BNBUSDT | +0.0062% | 8h | 799.17 | −0.006% | $6.2M | $19.1M | 200x | as long as short |
| MEXC BNB_USDT | +0.0084% | 8h | 799.90 | +0.085% | $83.2M | $13.5M | 200x | as long as short |
| Binance BNBUSDT | +0.0085% | 8h | 799.16 | −0.008% | $496.1M | $806.6M | 75x | as long as short |
| Gate BNB_USDT | +0.0087% | 8h | 798.85 | −0.046% | $35.7M | $56.2M | 75x | as long as short |
| Lighter BNB | +0.0096% | 1h | 799.03 | −0.023% | $2.8M | $4.0M | 20x | as long as short |
| Phoenix BNB | +0.0099% | 1h | 799.23 | +0.001% | $172K | $36K | 10x | as long as short |
| Nado BNB-PERP | +0.0100% | 1h | 798.50 | −0.090% | $1.5M | $2.7M | 20x | as long as short |
| Pacifica BNB | +0.0100% | 1h | 799.09 | −0.016% | $1.2M | $924K | 20x | as long as short |
| OKX BNB-USDT-SWAP | +0.0100% | 8h | 798.50 | −0.090% | $54.1M | $110.2M | 50x | as long as short |
| Arcus BNB-USD | +0.0100% | 1h | 799.10 | −0.015% | $53K | $133K | 10x | as long as short |
| KuCoin BNBUSDTM | +0.0100% | 8h | 798.60 | −0.078% | $27.9M | $10.0M | 75x | as long as short |
| Bitget BNBUSDT | +0.0100% | 8h | 798.54 | −0.085% | $78.8M | $27.3M | 75x | as long as short |
| edgeX BNBUSDC | +0.0100% | 4h | 799.05 | −0.021% | $4.2M | $76.4M | 30x | as long as short |
| ApeX Omni BNBUSDT | +0.0100% | 1h | 799.32 | +0.013% | $161K | $436K | 50x | as long as short |
| Polymarket Perps BNB-USD | +0.0100% | 1h | 798.77 | −0.056% | $116K | $873K | 10x | as long as short |
| Orderly PERP_BNB_USDC | +0.0100% | 8h | 798.87 | −0.044% | $386K | $458K | 50x | as long as short |
| Derive BNB-PERP | +0.0100% | 1h | 799.07 | −0.019% | $32K | $5K | 10x | as long as short |
| SunX BNB-USDT | +0.0100% | 8h | 799.34 | +0.015% | $13K | $1.7M | 50x | as long as short |
| SoDEX BNB-USD | +0.0100% | 1h | 799.10 | −0.015% | $393K | $1.0M | 10x | as long as short |
| HTX BNB-USDT | +0.0100% | 8h | 798.76 | −0.058% | $8.2M | $8.2M | 75x | as long as short |
| Paradex BNB-USD-PERP | +0.0100% | 8h | 799.68 | +0.057% | $78K | $18K | 50x | as long as short |
| Extended BNB-USD | +0.0104% | 1h | 798.59 | −0.079% | $1.8M | $6.3M | 50x | as long as short |
| Aevo BNB-PERP | +0.0104% | 1h | 798.96 | −0.033% | $384K | $108K | 10x | as long as short |
| Bulk BNB-USD | +0.0127% | 1h | 799.69 | +0.058% | $649K | $10K | 10x | as long as short |
| Hibachi BNB/USDT-P | +0.0152% | 1h | 799.31 | +0.012% | $69K | $37K | 12x | as long as short |
| Kalshi KXBNBPERP | +0.0153% | 8h | 799.40 | +0.023% | $91K | $2.8M | 4.8x | as long as short |
| RISEx BNB/USDC | +0.0155% | 1h | 798.76 | −0.057% | $1.1M | $1.4M | 20x | as long as short |
| Deribit BNB_USDC-PERPETUALshort | +0.0200% | 1h | 799.40 | +0.022% | $1.6M | $160K | 25x | |
| BloFin BNB-USDT | +0.0206% | 8h | 799.45 | +0.029% | $18.1M | $2.5M | 75x | as long as short |
| 01 Exchange BNBUSD | +0.0208% | 1h | 799.41 | +0.024% | $28K | $1K | 10x | as long as short |
| dYdX BNB-USD | +0.0248% | 1h | 798.87 | −0.044% | $161K | $63K | 10x | as long as short |
| Hyperliquid BNB | +0.0311% | 1h | 799.62 | +0.050% | $53.2M | $20.6M | 10x | as long as short |
| Reya BNBRUSDPERP | +0.0330% | 1h | 798.41 | −0.101% | $6K | $3K | 40x | as long as short |
| Backpack BNB_USDC_PERP | +0.0396% | 1h | 799.74 | +0.065% | $2.7M | $5.6M | 40x | as long as short |
Injective BNB/USDC PERP
Coinbase International BNB-PERP-INTX
Aster BNBUSDT
MEXC BNB_USDT
Binance BNBUSDT
Gate BNB_USDT
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
Bulk BNB-USD
Hibachi BNB/USDT-P
Kalshi KXBNBPERP
RISEx BNB/USDC
BloFin BNB-USDT
01 Exchange BNBUSD
dYdX BNB-USD
Hyperliquid BNB
Reya BNBRUSDPERP
Backpack BNB_USDC_PERP