Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0180%/8h= +19.7% APRpaid last 24h +0.054%

Price spread now: OKX against Hotstuff−0.068%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 OKX

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. OKX is 0.068% cheaper against Hotstuff than usual: you would sell low and buy high (spread −0.068% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$7 on $10k: about 30 hours of funding at the current rate (+$5 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hotstuff BNB-PERP	784.83	−0.0080	get 0.0010% / 1h	17m 26s	$4K	$42	25x
Short	OKX BNB-USDT-SWAP	784.30	0.0100	get 0.0100% / 8h	17m 26s	$53.3M	$111.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.068%Rate

Funding earned: $37.8
Price spread: −0.068% → 0.000%: −$6.75
Slippage, 4 orders: no order book: not counted
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Fee OKX: 5 bp × 2 orders: −$10
Net: $16.05
Costs to cover: 0.150%
Break-even: 4.0 days

Slippage unknown: Hotstuff: no order-book sample; OKX: live order book, 2 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 OKX live order book, 2 min ago	0.64 bp	6.8 bp −$7	8.0 bp −$80	20.7 bp −$2,068	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 −0.0168% / S +0.0337%	1h	784.45	−0.049%	$43K	—	200x	as long as short
Hotstuff BNB-PERPlong	−0.0080%	1h	784.83	long leg	$4K	$42	25x
Kraken Futures PF_BNBUSD	−0.0050%	1h	784.50	−0.042%	$2.5M	$1.2M	50x	as long as short
Kalshi KXBNBPERP	0.0000%	8h	784.80	−0.004%	$171K	$2.7M	4.8x	as long as short
StandX BNB-USD	0.0000%	1h	785.26	+0.055%	$847K	$2.7M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	784.58	−0.032%	$9.5M	—	150x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.581%	$19K	$789K	30x	as long as short
Aster BNBUSDT	+0.0034%	8h	785.06	+0.030%	$6.0M	$18.7M	200x	as long as short
BingX BNB-USDT	+0.0038%	8h	784.67	−0.020%	—	$22.1M	—	as long as short
MEXC BNB_USDT	+0.0048%	8h	785.70	+0.111%	$80.8M	$12.0M	200x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance BNBUSDT	+0.0049%	8h	785.01	+0.022%	$487.9M	$816.6M	75x	as long as short
Phemex BNBUSDT	+0.0075%	8h	785.08	+0.032%	$68.5M	$51.1M	50x	as long as short
Lighter BNB	+0.0096%	1h	784.63	−0.025%	$2.7M	$3.8M	20x	as long as short
Phoenix BNB	+0.0100%	1h	785.13	+0.038%	$159K	$35K	10x	as long as short
Nado BNB-PERP	+0.0100%	1h	784.35	−0.061%	$1.3M	$2.7M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	785.05	+0.028%	$51.5M	$17.6M	10x	as long as short
Pacifica BNB	+0.0100%	1h	784.76	−0.009%	$1.2M	$938K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	784.40	−0.055%	$138.0M	$74.0M	75x	as long as short
OKX BNB-USDT-SWAPshort	+0.0100%	8h	784.30	−0.068%	$53.3M	$111.8M	50x
Arcus BNB-USD	+0.0100%	1h	784.70	−0.017%	$52K	$125K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	784.45	−0.048%	$38.2M	$58.6M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	784.30	−0.068%	$27.6M	$10.2M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	784.16	−0.085%	$75.3M	$32.5M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	784.87	+0.005%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	783.41	−0.181%	$4.0M	$4.7M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	785.01	+0.023%	$4.1M	$76.7M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	785.42	+0.075%	$158K	$436K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	784.31	−0.066%	$131K	$944K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	784.51	−0.041%	$264K	$388K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	784.56	−0.035%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	785.06	+0.029%	$12K	$1.5M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	784.60	−0.029%	$386K	$965K	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	784.63	−0.026%	$8.0M	$10.4M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	785.12	+0.037%	$78K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	784.15	−0.087%	$1.8M	$5.8M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	784.54	−0.037%	$377K	$110K	10x	as long as short
Coinbase International BNB-PERP-INTX	+0.0104%	1h	784.48	−0.045%	$546K	$1.9M	50x	as long as short
dYdX BNB-USD	+0.0109%	1h	784.27	−0.072%	$159K	$62K	10x	as long as short
BloFin BNB-USDT	+0.0169%	8h	785.29	+0.059%	$17.7M	$2.2M	75x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0200%	1h	784.93	+0.013%	$1.5M	$141K	25x	as long as short
GRVT BNB_USDT_Perp	+0.0217%	8h	785.43	+0.076%	$2.9M	$28.3M	10x	as long as short
Bulk BNB-USD	+0.0231%	1h	784.93	+0.013%	$636K	$831	10x	as long as short
01 Exchange BNBUSD	+0.0248%	1h	785.03	+0.025%	$28K	$4K	10x	as long as short
Reya BNBRUSDPERP	+0.0320%	1h	784.16	−0.086%	$6K	$3K	40x	as long as short
RISEx BNB/USDC	+0.0350%	1h	784.87	+0.005%	$1.1M	$904K	20x	as long as short
Hibachi BNB/USDT-P	+0.0456%	1h	784.71	−0.016%	$67K	$39K	12x	as long as short