Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0140%/8h= +15.3% APRpaid last 24h +0.056%

Price spread now: MEXC against Hotstuff+0.124%7-day average — · you sell dearer than you buy

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

Long on Hotstuff Short on MEXC

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

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and MEXC is 0.124% dearer against Hotstuff than usual: you sell high and buy low: +$12 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	788.82	−0.0080	get 0.0010% / 1h	15m 14s	$4K	$42	25x
Short	MEXC BNB_USDT	789.80	0.0060	get 0.0060% / 8h	4h 15m	$80.1M	$12.4M	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.124%Rate

Funding earned: $29.4
Price spread: +0.124% → 0.000%: $12.42
Slippage, 4 orders: no order book: not counted
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Fee MEXC: 2 bp × 2 orders: −$4
Net: $32.82
Costs to cover: 0.090%
Break-even: from the start

Slippage unknown: Hotstuff: no order-book sample; MEXC: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Hotstuff no order-book sample	—	—	—	—	—
Sell MEXC live order book, 4 min ago	0.63 bp	2.6 bp −$3	5.6 bp −$56	15.0 bp −$1,496	31.0 bp −$15.5K

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 −0.0188% / S +0.0352%	1h	788.79	−0.003%	$46K	—	200x	as long as short
Hotstuff BNB-PERPlong	−0.0080%	1h	788.82	long leg	$4K	$42	25x
StandX BNB-USD	0.0000%	1h	789.06	+0.030%	$851K	$3.2M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	788.93	+0.014%	$9.5M	—	150x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.063%	$19K	$789K	30x	as long as short
Aster BNBUSDT	+0.0036%	8h	789.39	+0.072%	$6.1M	$18.7M	200x	as long as short
BingX BNB-USDT	+0.0050%	8h	789.08	+0.033%	—	$34.4M	—	as long as short
Phemex BNBUSDT	+0.0057%	8h	789.56	+0.094%	$69.1M	$50.0M	50x	as long as short
MEXC BNB_USDTshort	+0.0060%	8h	789.80	+0.124%	$80.1M	$12.4M	200x
Binance BNBUSDT	+0.0060%	8h	789.44	+0.079%	$492.7M	$789.8M	75x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International BNB-PERP-INTX	+0.0064%	1h	789.45	+0.080%	$582K	$1.9M	50x	as long as short
Lighter BNB	+0.0096%	1h	789.10	+0.035%	$2.7M	$3.9M	20x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	788.94	+0.015%	$265K	$492K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	788.45	−0.047%	$1.5M	$2.6M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	789.55	+0.093%	$51.8M	$17.6M	10x	as long as short
Pacifica BNB	+0.0100%	1h	788.94	+0.016%	$1.2M	$931K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	788.74	−0.010%	$138.8M	$74.4M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	788.80	−0.003%	$53.4M	$111.3M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	789.10	+0.035%	$52K	$130K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	788.85	+0.004%	$35.5M	$57.5M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	788.83	+0.001%	$28.1M	$10.4M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	788.55	−0.034%	$76.3M	$30.1M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	789.27	+0.057%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	788.31	−0.064%	$4.1M	$4.6M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	789.65	+0.105%	$4.1M	$73.3M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	789.38	+0.071%	$159K	$441K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	788.80	−0.003%	$133K	$950K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	789.07	+0.032%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	789.43	+0.077%	$12K	$1.5M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	789.10	+0.035%	$388K	$1.0M	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	788.65	−0.021%	$8.1M	$9.5M	75x	as long as short
Paradex BNB-USD-PERP	+0.0101%	8h	789.13	+0.040%	$77K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	788.59	−0.030%	$1.8M	$5.9M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	789.07	+0.031%	$379K	$110K	10x	as long as short
Phoenix BNB	+0.0117%	1h	789.14	+0.041%	$170K	$35K	10x	as long as short
dYdX BNB-USD	+0.0122%	1h	788.65	−0.021%	$160K	$64K	10x	as long as short
GRVT BNB_USDT_Perp	+0.0152%	8h	789.95	+0.144%	$2.9M	$28.6M	10x	as long as short
Kalshi KXBNBPERP	+0.0175%	8h	790.10	+0.162%	$126K	$2.7M	4.8x	as long as short
BloFin BNB-USDT	+0.0180%	8h	789.62	+0.101%	$18.1M	$2.2M	75x	as long as short
Bulk BNB-USD	+0.0222%	1h	790.13	+0.166%	$640K	$9K	10x	as long as short
01 Exchange BNBUSD	+0.0232%	1h	789.50	+0.086%	$28K	$4K	10x	as long as short
Kraken Futures PF_BNBUSD	+0.0263%	1h	788.85	+0.003%	$2.5M	$1.2M	50x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	789.42	+0.076%	$1.5M	$143K	25x	as long as short
Reya BNBRUSDPERP	+0.0326%	1h	788.55	−0.034%	$6K	$3K	40x	as long as short
Hibachi BNB/USDT-P	+0.0392%	1h	788.93	+0.014%	$67K	$38K	12x	as long as short
RISEx BNB/USDC	+0.0461%	1h	789.23	+0.051%	$1.1M	$967K	20x	as long as short