Settings8H · net · $10k
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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 22:00 UTC−0.0115%/8h= −12.6% APRpaid last 24h −0.058%
Price spread now: OKX against Hyperliquid−0.107%7-day average −0.044% · you buy dearer than you sell
Net, funding: paid 7d − costs−$29as in the Funding arb table
Net, price: spread back to 7d avg − costs−$29as in the Price arb table
costs, in and out, $10k−$230.228% of the position
Long on HyperliquidShort on OKX
What this pair did over the last
the charts below follow
Funding, last 7 days−0.057%−$6 on $10k
Price spread, last 7 days+0.089%+$9 · spread now −0.107%, 7d avg −0.044%
Together, before fees+0.031%+ Points / potential airdropHyperliquid: Season 2 · farm board+$3 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 OKX is 0.063% cheaper against Hyperliquid than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of −0.044%). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid BNB806.760.0215pay 0.0027% / 1h14m 02s$52.0M$21.9M10x
ShortOKX BNB-USDT-SWAP805.900.0100get 0.0100% / 8h2h 14m$55.2M$116.2M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

OKX 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
−$24.23
Price spread: −0.107% → −0.044%
−$6.31
Slippage, 4 orders
−$3.83
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee OKX: 5 bp × 2 orders
−$10
Net
−$53.36
Costs to cover
0.228%
Break-even
never at this rate
Slippage from Hyperliquid: live order book, 9 min ago; OKX: live order book, 5 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, 9 min ago0.06 bp5.9 bp −$6doesn't fitdoesn't fitdoesn't fit
Sell OKX live order book, 5 min ago0.62 bp5.6 bp −$68.6 bp −$8619.7 bp −$1,968doesn't fit

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%1h806.00−0.094%$49K—200xas long as short
Hotstuff BNB-PERP−0.0080%1h806.58−0.022%$4K$1K25xas long as short
GRVT BNB_USDT_Perp0.0000%8h807.11+0.043%$3.0M$29.5M10xas long as short
Kalshi KXBNBPERP0.0000%8h806.60−0.020%$114K$2.5M4.8xas long as short
StandX BNB-USD0.0000%1h806.22−0.067%$871K$2.9M30xas long as short
gTrade (Gains Network) BNB/USDL +0.0008% / S −0.0007%1h806.03−0.090%$9.8M—150xas long as short
Kraken Futures PF_BNBUSD+0.0038%1h806.13−0.078%$2.5M$908K50xas long as short
Variational Omni BNB+0.0050%8h805.71−0.130%$4.1M$5.4M—as long as short
BingX BNB-USDC+0.0054%8h806.31−0.056%—$13.3M—as long as short
Bybit BNBUSDT+0.0079%8h805.63−0.140%$139.8M$82.1M75xas long as short
Show all 46 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Coinbase International BNB-PERP-INTX+0.0088%1h806.90+0.017%$610K$883K50xas long as short
Lighter BNB+0.0096%1h806.28−0.059%$2.8M$4.2M20xas long as short
Aster BNBUSDT+0.0098%8h806.61−0.019%$6.4M$18.8M200xas long as short
Nado BNB-PERP+0.0100%1h805.90−0.107%$1.4M$2.8M20xas long as short
Pacifica BNB+0.0100%1h806.43−0.041%$1.2M$924K20xas long as short
OKX BNB-USDT-SWAPshort+0.0100%8h805.90−0.107%$55.2M$116.2M50x
Arcus BNB-USD+0.0100%1h806.40−0.045%$53K$170K10xas long as short
Gate BNB_USDT+0.0100%8h805.85−0.113%$36.1M$58.9M75xas long as short
KuCoin BNBUSDTM+0.0100%8h805.93−0.103%$28.2M$10.5M75xas long as short
Bitget BNBUSDT+0.0100%8h805.57−0.148%$79.1M$24.7M75xas long as short
edgeX BNBUSDC+0.0100%4h807.21+0.056%$4.2M$77.1M30xas long as short
ApeX Omni BNBUSDT+0.0100%1h806.78+0.002%$159K$437K50xas long as short
Polymarket Perps BNB-USD+0.0100%1h805.92−0.104%$114K$872K10xas long as short
Orderly PERP_BNB_USDC+0.0100%8h806.05−0.088%$389K$593K50xas long as short
Derive BNB-PERP+0.0100%1h806.26−0.062%$32K$5K10xas long as short
SunX BNB-USDT+0.0100%8h806.59−0.021%$14K$1.7M50xas long as short
Deribit BNB_USDC-PERPETUAL+0.0100%1h806.50−0.032%$1.6M$165K25xas long as short
HTX BNB-USDT+0.0100%8h806.22−0.067%$8.2M$7.5M75xas long as short
Paradex BNB-USD-PERP+0.0100%8h806.70−0.007%$79K$19K50xas long as short
Extended BNB-USD+0.0104%1h805.64−0.139%$1.9M$6.1M50xas long as short
Aevo BNB-PERP+0.0104%1h806.15−0.075%$387K$40K10xas long as short
MEXC BNB_USDT+0.0114%8h806.90+0.017%$84.7M$13.7M200xas long as short
Binance BNBUSDT+0.0115%8h806.62−0.018%$521.4M$806.0M75xas long as short
Phoenix BNB+0.0125%1h806.89+0.016%$173K$35K10xas long as short
Phemex BNBUSDT+0.0128%8h806.69−0.009%$70.4M$51.8M50xas long as short
SoDEX BNB-USD+0.0197%1h806.20−0.069%$396K$1.0M10xas long as short
RISEx BNB/USDC+0.0209%1h806.28−0.059%$1.2M$1.5M20xas long as short
Hyperliquid BNBlong+0.0215%1h806.76long leg$52.0M$21.9M10x
Bulk BNB-USD+0.0217%1h806.94+0.023%$652K$11K10xas long as short
BloFin BNB-USDT+0.0234%8h807.00+0.030%$18.8M$3.1M75xas long as short
dYdX BNB-USD+0.0239%1h806.40−0.045%$171K$55K10xas long as short
Hibachi BNB/USDT-P+0.0248%1h806.39−0.045%$71K$48K12xas long as short
Reya BNBRUSDPERP+0.0334%1h805.68−0.133%$6K$3K40xas long as short
01 Exchange BNBUSD+0.0344%1h806.760.000%$29K$1K10xas long as short
Injective BNB/USDC PERP+0.0353%1h804.89−0.232%$19K$627K30xas long as short
Backpack BNB_USDC_PERP+0.0651%1h807.02+0.032%$3.0M$5.5M40xas long as short