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Funding arb · Price arb /

BNB

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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 05:00 UTC+0.0180%/8h= +19.7% APRnext payment +$0.23 per $10,000 · paid last 24h +0.058%
Price spread now: SoDEX against Hotstuff−0.041%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Long on HotstuffShort on SoDEX
What this pair did over the last
the charts below follow
Funding, last 3 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. SoDEX is 0.041% cheaper against Hotstuff than usual: you would sell low and buy high (spread −0.041% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 18 hours of funding at the current rate (+$5 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHotstuff BNB-PERP788.92−0.0080get 0.0010% / 1h46m 37s$4K$4225x
ShortSoDEX BNB-USD788.600.0100get 0.0013% / 1h46m 37s$388K$1.0M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SoDEX 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

Funding earned
$37.8
Price spread: −0.041% → 0.000%
−$4.06
Slippage, 4 orders
no order book: not counted
Fee Hotstuff: 2.5 bp × 2 orders
−$5
Fee SoDEX: 4 bp × 2 orders
−$8
Net
$20.74
Costs to cover
0.130%
Break-even
3.2 days
Slippage unknown: Hotstuff: no order-book sample; SoDEX: 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
LegHalf-spread$10k$100k$1M$5M
Buy Hotstuff no order-book sample—————
Sell SoDEX live order book, 2 min ago0.63 bp5.2 bp −$58.9 bp −$8981.5 bp −$8,152doesn'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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GMX BNB/USD [WBTC.b-USDC]L −0.0192% / S +0.0356%1h788.50−0.053%$46K—200xas long as short
Kraken Futures PF_BNBUSD−0.0124%1h788.39−0.067%$2.5M$1.2M50xas long as short
Hotstuff BNB-PERPlong−0.0080%1h788.92long leg$4K$4225x
Kalshi KXBNBPERP0.0000%8h789.10+0.023%$134K$2.7M4.8xas long as short
StandX BNB-USD0.0000%1h789.04+0.015%$851K$3.2M30xas long as short
gTrade (Gains Network) BNB/USDL +0.0007% / S −0.0007%1h788.57−0.044%$9.5M—150xas long as short
Injective BNB/USDC PERP+0.0033%1h805.09+2.050%$19K$789K30xas long as short
Aster BNBUSDT+0.0035%8h789.18+0.033%$6.1M$18.8M200xas long as short
BingX BNB-USDC+0.0046%8h788.65−0.034%—$13.4M—as long as short
MEXC BNB_USDT+0.0055%8h789.50+0.074%$80.1M$12.0M200xas long as short
Show all 46 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance BNBUSDT+0.0055%8h789.22+0.038%$492.6M$796.2M75xas long as short
Phemex BNBUSDT+0.0060%8h789.07+0.019%$69.0M$50.4M50xas long as short
Coinbase International BNB-PERP-INTX+0.0072%1h790.26+0.170%$580K$1.9M50xas long as short
Phoenix BNB+0.0092%1h789.32+0.051%$170K$35K10xas long as short
Lighter BNB+0.0096%1h788.82−0.013%$2.7M$3.8M20xas long as short
Orderly PERP_BNB_USDC+0.0100%8h788.61−0.039%$265K$492K50xas long as short
Nado BNB-PERP+0.0100%1h788.55−0.047%$1.5M$2.6M20xas long as short
Hyperliquid BNB+0.0100%1h789.25+0.042%$51.8M$17.5M10xas long as short
Pacifica BNB+0.0100%1h788.79−0.016%$1.2M$931K20xas long as short
Bybit BNBUSDT+0.0100%8h788.53−0.049%$138.8M$74.1M75xas long as short
OKX BNB-USDT-SWAP+0.0100%8h788.60−0.041%$53.4M$111.8M50xas long as short
Arcus BNB-USD+0.0100%1h788.80−0.015%$52K$133K10xas long as short
Gate BNB_USDT+0.0100%8h788.50−0.053%$35.9M$56.8M75xas long as short
KuCoin BNBUSDTM+0.0100%8h788.43−0.062%$28.1M$10.2M75xas long as short
Bitget BNBUSDT+0.0100%8h788.25−0.085%$76.3M$30.4M75xas long as short
Backpack BNB_USDC_PERP+0.0100%1h788.920.000%$2.2M$6.1M40xas long as short
Variational Omni BNB+0.0100%8h789.31+0.050%$4.1M$4.8M—as long as short
edgeX BNBUSDC+0.0100%4h789.31+0.049%$4.1M$73.6M30xas long as short
ApeX Omni BNBUSDT+0.0100%1h789.03+0.014%$159K$441K50xas long as short
Polymarket Perps BNB-USD+0.0100%1h788.40−0.066%$130K$955K10xas long as short
Derive BNB-PERP+0.0100%1h788.83−0.012%$31K$12K10xas long as short
SunX BNB-USDT+0.0100%8h789.42+0.064%$12K$1.5M50xas long as short
SoDEX BNB-USDshort+0.0100%1h788.60−0.041%$388K$1.0M10x
HTX BNB-USDT+0.0100%8h788.53−0.050%$8.1M$9.6M75xas long as short
Paradex BNB-USD-PERP+0.0100%8h788.92−0.001%$77K$17K50xas long as short
Extended BNB-USD+0.0104%1h788.23−0.088%$1.9M$6.2M50xas long as short
Aevo BNB-PERP+0.0104%1h788.44−0.061%$379K$110K10xas long as short
dYdX BNB-USD+0.0121%1h788.57−0.045%$160K$64K10xas long as short
GRVT BNB_USDT_Perp+0.0169%8h789.53+0.077%$2.9M$28.7M10xas long as short
BloFin BNB-USDT+0.0175%8h789.47+0.070%$18.1M$2.2M75xas long as short
Bulk BNB-USD+0.0234%1h790.66+0.221%$640K$9K10xas long as short
01 Exchange BNBUSD+0.0264%1h789.13+0.027%$28K$4K10xas long as short
Deribit BNB_USDC-PERPETUAL+0.0300%1h788.94+0.003%$1.5M$143K25xas long as short
Reya BNBRUSDPERP+0.0325%1h788.35−0.072%$6K$3K40xas long as short
Hibachi BNB/USDT-P+0.0384%1h789.42+0.063%$67K$39K12xas long as short
RISEx BNB/USDC+0.0431%1h788.95+0.003%$1.1M$892K20xas long as short