Funding arb · Price arb /

BNB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0180%/8h= +19.7% APRpaid last 24h +0.054%

Price spread now: Paradex against Hotstuff−0.004%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 Paradex

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 · Paradex: Active · farm boardneeds both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$5 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hotstuff BNB-PERP	787.93	−0.0080	get 0.0010% / 1h	19m 25s	$4K	$42	25x
Short	Paradex BNB-USD-PERP	787.90	0.0100	get 0.0100% / 8h	3h 19m	$77K	$17K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex 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 ParadexbpOrdersPrice spread, now −0.004%Rate

Funding earned: $37.8
Price spread: −0.004% → 0.000%: −$0.38
Slippage, 4 orders: no order book: not counted
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Fee Paradex: 2 bp × 2 orders: −$4
Net: $28.42
Costs to cover: 0.090%
Break-even: 1.7 days

Slippage unknown: Hotstuff: no order-book sample; Paradex: 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 Paradex no order-book sample	—	—	—	—	—

Hotstuff and Paradex: 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 −0.0192% / S +0.0356%	1h	787.58	−0.044%	$46K	—	200x	as long as short
Kraken Futures PF_BNBUSD	−0.0124%	1h	788.08	+0.019%	$2.5M	$1.2M	50x	as long as short
Hotstuff BNB-PERPlong	−0.0080%	1h	787.93	long leg	$4K	$42	25x
Kalshi KXBNBPERP	0.0000%	8h	788.90	+0.123%	$126K	$2.7M	4.8x	as long as short
StandX BNB-USD	0.0000%	1h	788.56	+0.080%	$850K	$3.1M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	787.65	−0.035%	$9.5M	—	150x	as long as short
Aster BNBUSDT	+0.0023%	8h	788.30	+0.047%	$6.1M	$18.8M	200x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.178%	$19K	$789K	30x	as long as short
BingX BNB-USDT	+0.0035%	8h	787.73	−0.025%	—	$22.3M	—	as long as short
MEXC BNB_USDT	+0.0042%	8h	788.60	+0.085%	$80.0M	$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	+0.0043%	8h	788.15	+0.029%	$491.4M	$800.9M	75x	as long as short
Phemex BNBUSDT	+0.0044%	8h	788.62	+0.088%	$69.0M	$50.6M	50x	as long as short
Coinbase International BNB-PERP-INTX	+0.0072%	1h	787.19	−0.094%	$588K	$1.9M	50x	as long as short
dYdX BNB-USD	+0.0091%	1h	787.87	−0.008%	$159K	$63K	10x	as long as short
Phoenix BNB	+0.0092%	1h	787.84	−0.011%	$169K	$35K	10x	as long as short
Lighter BNB	+0.0096%	1h	787.91	−0.002%	$2.7M	$3.9M	20x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	787.64	−0.037%	$265K	$492K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	787.45	−0.061%	$1.5M	$2.6M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	788.28	+0.044%	$51.7M	$17.4M	10x	as long as short
Pacifica BNB	+0.0100%	1h	787.88	−0.006%	$1.2M	$934K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	787.50	−0.055%	$138.5M	$73.9M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	787.40	−0.067%	$53.5M	$111.6M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	787.90	−0.004%	$52K	$133K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	787.55	−0.048%	$36.0M	$57.9M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	787.37	−0.071%	$27.6M	$10.3M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	787.24	−0.088%	$76.2M	$30.6M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	788.34	+0.052%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	787.41	−0.066%	$4.1M	$4.8M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	788.05	+0.015%	$4.1M	$74.2M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	787.86	−0.009%	$159K	$441K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	787.57	−0.046%	$132K	$955K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	787.66	−0.034%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	788.85	+0.117%	$12K	$1.5M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	788.30	+0.047%	$388K	$1.0M	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	788.16	+0.030%	$8.1M	$9.7M	75x	as long as short
Paradex BNB-USD-PERPshort	+0.0100%	8h	787.90	−0.004%	$77K	$17K	50x
Extended BNB-USD	+0.0104%	1h	787.23	−0.089%	$1.8M	$6.3M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	787.64	−0.037%	$378K	$110K	10x	as long as short
BloFin BNB-USDT	+0.0163%	8h	788.23	+0.038%	$17.7M	$2.2M	75x	as long as short
GRVT BNB_USDT_Perp	+0.0175%	8h	788.39	+0.058%	$2.9M	$28.6M	10x	as long as short
Bulk BNB-USD	+0.0193%	1h	788.28	+0.045%	$638K	$10K	10x	as long as short
01 Exchange BNBUSD	+0.0240%	1h	788.28	+0.044%	$28K	$4K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	788.77	+0.107%	$1.5M	$143K	25x	as long as short
Reya BNBRUSDPERP	+0.0324%	1h	787.30	−0.080%	$6K	$3K	40x	as long as short
Hibachi BNB/USDT-P	+0.0408%	1h	787.79	−0.017%	$67K	$39K	12x	as long as short
RISEx BNB/USDC	+0.0431%	1h	788.00	+0.010%	$1.1M	$893K	20x	as long as short