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Funding arb · Price arb /

BNB

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Alert: funding
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Alert: spread
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Funding you earn now, next payment 22:00 UTC−0.0107%/8h= −11.7% APRpaid last 24h −0.056%
Price spread now: BingX against Hyperliquid−0.080%7-day average −0.002% · you buy dearer than you sell
Net, funding: paid 7d − costs−$26as in the Funding arb table
Net, price: spread back to 7d avg − costs−$30as in the Price arb table
costs, in and out, $10k−$220.219% of the position
Long on HyperliquidShort on BingX
What this pair did over the last
the charts below follow
Funding, last 7 days−0.044%−$4 on $10k
Price spread, last 7 days+0.099%+$10 · spread now −0.080%, 7d avg −0.002%
Together, before fees+0.056%+ Points / potential airdropHyperliquid: Season 2 · farm board+$6 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and BingX is 0.078% cheaper against Hyperliquid than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of −0.002%). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid BNB804.620.0161pay 0.0020% / 1h29m 32s$51.7M$21.3M10x
ShortBingX BNB-USDT803.980.0054get 0.0054% / 8h2h 29m—$34.5M—

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX against Hyperliquid. 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
−$22.4
Price spread: −0.080% → −0.002%
−$7.76
Slippage, 4 orders
−$2.91
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee BingX: 5 bp × 2 orders
−$10
Net
−$52.06
Costs to cover
0.219%
Break-even
never at this rate
Slippage from Hyperliquid: live order book, 4 min ago; BingX: live order book, 4 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Hyperliquid live order book, 4 min ago0.31 bp6.1 bp −$68.8 bp −$88doesn't fitdoesn't fit
Sell BingX live order book, 4 min ago0.19 bp5.2 bp −$56.1 bp −$6112.2 bp −$1,21826.9 bp −$13.4K

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 −0.0195% / S +0.0371%1h803.78−0.105%$48K—200xas long as short
Hotstuff BNB-PERP−0.0080%1h804.28−0.042%$4K$1K25xas long as short
GRVT BNB_USDT_Perp0.0000%8h804.60−0.002%$3.0M$29.3M10xas long as short
Kalshi KXBNBPERP0.0000%8h804.60−0.002%$112K$2.5M4.8xas long as short
StandX BNB-USD0.0000%1h804.09−0.066%$869K$2.9M30xas long as short
gTrade (Gains Network) BNB/USDL +0.0008% / S −0.0007%1h803.86−0.094%$9.8M—150xas long as short
Kraken Futures PF_BNBUSD+0.0038%1h803.90−0.089%$2.5M$909K50xas long as short
Variational Omni BNB+0.0049%8h803.71−0.113%$4.0M$5.4M—as long as short
BingX BNB-USDTshort+0.0054%8h803.98−0.080%—$34.5M—
Bybit BNBUSDT+0.0075%8h803.55−0.133%$139.3M$82.8M75xas long as short
Show all 46 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Coinbase International BNB-PERP-INTX+0.0088%1h804.19−0.053%$609K$878K50xas long as short
Aster BNBUSDT+0.0090%8h804.55−0.008%$6.4M$18.8M200xas long as short
Lighter BNB+0.0096%1h804.19−0.054%$2.8M$4.2M20xas long as short
Nado BNB-PERP+0.0100%1h803.76−0.107%$1.4M$2.8M20xas long as short
Pacifica BNB+0.0100%1h804.19−0.053%$1.2M$923K20xas long as short
OKX BNB-USDT-SWAP+0.0100%8h803.80−0.102%$55.1M$115.5M50xas long as short
Arcus BNB-USD+0.0100%1h804.30−0.040%$53K$165K10xas long as short
Gate BNB_USDT+0.0100%8h803.80−0.102%$35.9M$58.5M75xas long as short
KuCoin BNBUSDTM+0.0100%8h803.87−0.093%$28.1M$10.5M75xas long as short
Bitget BNBUSDT+0.0100%8h803.67−0.118%$79.1M$24.5M75xas long as short
edgeX BNBUSDC+0.0100%4h804.620.000%$4.2M$76.9M30xas long as short
ApeX Omni BNBUSDT+0.0100%1h804.73+0.014%$159K$438K50xas long as short
Polymarket Perps BNB-USD+0.0100%1h803.85−0.096%$118K$868K10xas long as short
Orderly PERP_BNB_USDC+0.0100%8h803.87−0.093%$388K$593K50xas long as short
Derive BNB-PERP+0.0100%1h803.97−0.081%$32K$5K10xas long as short
SunX BNB-USDT+0.0100%8h804.80+0.022%$13K$1.7M50xas long as short
Deribit BNB_USDC-PERPETUAL+0.0100%1h804.31−0.039%$1.6M$165K25xas long as short
HTX BNB-USDT+0.0100%8h804.07−0.068%$8.2M$7.4M75xas long as short
Paradex BNB-USD-PERP+0.0100%8h804.69+0.009%$79K$19K50xas long as short
Extended BNB-USD+0.0104%1h803.63−0.123%$1.9M$6.1M50xas long as short
Aevo BNB-PERP+0.0104%1h804.04−0.072%$386K$40K10xas long as short
MEXC BNB_USDT+0.0106%8h805.00+0.047%$84.4M$13.6M200xas long as short
Binance BNBUSDT+0.0107%8h804.64+0.003%$519.2M$803.0M75xas long as short
Phemex BNBUSDT+0.0125%8h804.52−0.012%$70.2M$51.7M50xas long as short
Phoenix BNB+0.0125%1h803.93−0.086%$173K$35K10xas long as short
Hyperliquid BNBlong+0.0161%1h804.62long leg$51.7M$21.3M10x
SoDEX BNB-USD+0.0175%1h803.90−0.089%$395K$1.0M10xas long as short
Bulk BNB-USD+0.0197%1h804.34−0.035%$650K$11K10xas long as short
RISEx BNB/USDC+0.0209%1h804.35−0.034%$1.1M$1.4M20xas long as short
BloFin BNB-USDT+0.0226%8h804.88+0.032%$18.8M$3.1M75xas long as short
Hibachi BNB/USDT-P+0.0240%1h804.11−0.064%$71K$48K12xas long as short
dYdX BNB-USD+0.0272%1h804.28−0.042%$170K$55K10xas long as short
01 Exchange BNBUSD+0.0328%1h804.92+0.037%$28K$1K10xas long as short
Reya BNBRUSDPERP+0.0334%1h803.68−0.117%$6K$3K40xas long as short
Injective BNB/USDC PERP+0.0353%1h804.92+0.037%$19K$526K30xas long as short
Backpack BNB_USDC_PERP+0.0657%1h804.80+0.022%$3.0M$5.4M40xas long as short