Funding you earn now, next payment 03:00 UTC+0.0113%/8h= +12.4% APRnext payment +$0.14 per $10,000 · paid last 24h +0.053%
Price spread now: Injective against Hotstuff+1.725%45s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 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 +$3 a day on $10k at the current rate, and Injective is 1.725% dearer against Hotstuff than usual: you sell high and buy low: +$172 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 45 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hotstuff BNB-PERP | 791.44 | −0.0080 | get 0.0010% / 1h | 12m 01s | $4K | $239 | 25x |
| Short | Injective BNB/USDC PERP | 805.09 | 0.0033 | get 0.0004% / 1h | 12m 01s | $19K | $789K | 30x |
Hotstuff BNB-PERP
Injective BNB/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective 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
- $23.8
- Price spread: +1.725% → 0.000%
- $172.47
- Slippage, 4 orders
- no order book: not counted
- Fee Hotstuff: 2.5 bp × 2 orders
- −$5
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- $191.25
- Costs to cover
- 0.050%
- Break-even
- from the start
Slippage unknown: Hotstuff: no order-book sample; Injective: 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 Hotstuff no order-book sample | — | — | — | — | — |
| Sell Injective no order-book sample | — | — | — | — | — |
Hotstuff and Injective: 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 −0.0167% / S +0.0335% | 1h | 790.99 | −0.057% | $46K | — | 200x | as long as short |
| Hotstuff BNB-PERPlong | −0.0080% | 1h | 791.44 | long leg | $4K | $239 | 25x | |
| StandX BNB-USD | 0.0000% | 1h | 792.14 | +0.088% | $856K | $3.1M | 30x | as long as short |
| gTrade (Gains Network) BNB/USD | L +0.0008% / S −0.0007% | 1h | 791.09 | −0.044% | $9.7M | — | 150x | as long as short |
| Injective BNB/USDC PERPshort | +0.0033% | 1h | 805.09 | +1.725% | $19K | $789K | 30x | |
| Coinbase International BNB-PERP-INTX | +0.0048% | 1h | 792.03 | +0.075% | $615K | $1.8M | 50x | as long as short |
| Aster BNBUSDT | +0.0050% | 8h | 791.66 | +0.028% | $6.2M | $18.6M | 200x | as long as short |
| Phemex BNBUSDT | +0.0052% | 8h | 791.59 | +0.019% | $69.3M | $50.5M | 50x | as long as short |
| BingX BNB-USDT | +0.0060% | 8h | 791.13 | −0.039% | — | $34.3M | — | as long as short |
| Binance BNBUSDT | +0.0073% | 8h | 791.67 | +0.029% | $494.6M | $791.9M | 75x | as long as short |
GMX BNB/USD [WBTC.b-USDC]
StandX BNB-USD
gTrade (Gains Network) BNB/USD
Coinbase International BNB-PERP-INTX
Aster BNBUSDT
Phemex BNBUSDT
BingX BNB-USDT
Binance BNBUSDTShow all 46 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC BNB_USDT | +0.0074% | 8h | 792.00 | +0.071% | $80.5M | $12.5M | 200x | as long as short |
| Kraken Futures PF_BNBUSD | +0.0091% | 1h | 790.94 | −0.063% | $2.5M | $1.2M | 50x | as long as short |
| Lighter BNB | +0.0096% | 1h | 791.15 | −0.037% | $2.8M | $3.9M | 20x | as long as short |
| Orderly PERP_BNB_USDC | +0.0100% | 8h | 791.09 | −0.044% | $266K | $498K | 50x | as long as short |
| Nado BNB-PERP | +0.0100% | 1h | 791.00 | −0.056% | $1.4M | $2.6M | 20x | as long as short |
| Hyperliquid BNB | +0.0100% | 1h | 791.58 | +0.018% | $51.9M | $17.7M | 10x | as long as short |
| Pacifica BNB | +0.0100% | 1h | 791.44 | 0.000% | $1.2M | $908K | 20x | as long as short |
| Bybit BNBUSDT | +0.0100% | 8h | 791.00 | −0.056% | $139.2M | $77.0M | 75x | as long as short |
| OKX BNB-USDT-SWAP | +0.0100% | 8h | 790.90 | −0.068% | $53.7M | $111.7M | 50x | as long as short |
| Arcus BNB-USD | +0.0100% | 1h | 791.20 | −0.030% | $52K | $130K | 10x | as long as short |
| Gate BNB_USDT | +0.0100% | 8h | 791.00 | −0.056% | $35.4M | $57.3M | 75x | as long as short |
| KuCoin BNBUSDTM | +0.0100% | 8h | 791.17 | −0.034% | $27.8M | $10.3M | 75x | as long as short |
| Bitget BNBUSDT | +0.0100% | 8h | 790.73 | −0.090% | $77.0M | $29.8M | 75x | as long as short |
| Backpack BNB_USDC_PERP | +0.0100% | 1h | 791.33 | −0.014% | $2.2M | $6.1M | 40x | as long as short |
| Variational Omni BNB | +0.0100% | 8h | 791.90 | +0.058% | $4.1M | $4.6M | — | as long as short |
| edgeX BNBUSDC | +0.0100% | 4h | 792.20 | +0.096% | $4.1M | $75.5M | 30x | as long as short |
| ApeX Omni BNBUSDT | +0.0100% | 1h | 792.06 | +0.078% | $159K | $441K | 50x | as long as short |
| Polymarket Perps BNB-USD | +0.0100% | 1h | 790.94 | −0.063% | $134K | $949K | 10x | as long as short |
| Derive BNB-PERP | +0.0100% | 1h | 791.24 | −0.026% | $31K | $12K | 10x | as long as short |
| SunX BNB-USDT | +0.0100% | 8h | 791.64 | +0.026% | $12K | $1.5M | 50x | as long as short |
| SoDEX BNB-USD | +0.0100% | 1h | 791.30 | −0.018% | $389K | $1.0M | 10x | as long as short |
| HTX BNB-USDT | +0.0100% | 8h | 791.36 | −0.010% | $8.1M | $9.2M | 75x | as long as short |
| Paradex BNB-USD-PERP | +0.0102% | 8h | 791.79 | +0.044% | $77K | $17K | 50x | as long as short |
| Extended BNB-USD | +0.0104% | 1h | 790.75 | −0.087% | $1.8M | $5.9M | 50x | as long as short |
| Aevo BNB-PERP | +0.0104% | 1h | 791.10 | −0.043% | $380K | $110K | 10x | as long as short |
| Phoenix BNB | +0.0107% | 1h | 792.24 | +0.101% | $170K | $35K | 10x | as long as short |
| GRVT BNB_USDT_Perp | +0.0145% | 8h | 792.50 | +0.134% | $2.9M | $28.0M | 10x | as long as short |
| Kalshi KXBNBPERP | +0.0187% | 8h | 791.60 | +0.020% | $83K | $2.8M | 4.8x | as long as short |
| BloFin BNB-USDT | +0.0194% | 8h | 791.97 | +0.067% | $18.2M | $2.2M | 75x | as long as short |
| dYdX BNB-USD | +0.0202% | 1h | 791.15 | −0.037% | $160K | $63K | 10x | as long as short |
| 01 Exchange BNBUSD | +0.0288% | 1h | 791.59 | +0.019% | $28K | $4K | 10x | as long as short |
| Deribit BNB_USDC-PERPETUAL | +0.0300% | 1h | 791.56 | +0.015% | $1.5M | $143K | 25x | as long as short |
| Reya BNBRUSDPERP | +0.0327% | 1h | 790.74 | −0.088% | $6K | $3K | 40x | as long as short |
| RISEx BNB/USDC | +0.0361% | 1h | 791.42 | −0.002% | $1.1M | $981K | 20x | as long as short |
| Bulk BNB-USD | +0.0366% | 1h | 792.18 | +0.094% | $641K | $9K | 10x | as long as short |
| Hibachi BNB/USDT-P | +0.0584% | 1h | 791.61 | +0.022% | $68K | $38K | 12x | as long as short |
MEXC BNB_USDT
Kraken Futures PF_BNBUSD
Lighter BNB
Orderly PERP_BNB_USDC
Nado BNB-PERP
Hyperliquid BNB
Pacifica BNB
Bybit BNBUSDT
OKX BNB-USDT-SWAP
Arcus BNB-USD
Gate BNB_USDT
KuCoin BNBUSDTM
Bitget BNBUSDT
Backpack BNB_USDC_PERP
Variational Omni BNB
edgeX BNBUSDC
ApeX Omni BNBUSDT
Polymarket Perps BNB-USD
Derive BNB-PERP
SunX BNB-USDT
SoDEX BNB-USD
HTX BNB-USDT
Paradex BNB-USD-PERP
Extended BNB-USD
Aevo BNB-PERP
Phoenix BNB
GRVT BNB_USDT_Perp
Kalshi KXBNBPERP
BloFin BNB-USDT
dYdX BNB-USD
01 Exchange BNBUSD
Deribit BNB_USDC-PERPETUAL
Reya BNBRUSDPERP
RISEx BNB/USDC
Bulk BNB-USD
Hibachi BNB/USDT-P