Settings8H · net · $10k
FundingCostsSizeExchangesMy alerts
Funding arb · Price arb /

BNB

all BNB markets
SwapBacktest
Alert: funding
Measured
My alerts

Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Alert: spread
My alerts

Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding you earn now, next payment 01:00 UTC−0.0180%/8h= −19.7% APRpaid last 24h −0.054%
Price spread now: Hotstuff against Orderly+0.050%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on OrderlyShort on Hotstuff
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
The price spread pays, funding is against you. Hotstuff is 0.050% dearer against Orderly than usual: you sell high and buy low (spread +0.050% now, against zero (this spread has no 7-day history yet)): +$5 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 22 hours.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOrderly PERP_BNB_USDC798.870.0100pay 0.0100% / 8h7h 34m$386K$458K50x
ShortHotstuff BNB-PERP799.27−0.0080pay 0.0010% / 1h34m 10s$4K$23925x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hotstuff against Orderly. 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: +0.050% → 0.000%
$5.01
Slippage, 4 orders
no order book: not counted
Fee Orderly: 3 bp × 2 orders
−$6
Fee Hotstuff: 2.5 bp × 2 orders
−$5
Net
−$43.79
Costs to cover
0.110%
Break-even
never at this rate
Slippage unknown: Orderly: no order-book sample; Hotstuff: 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
LegHalf-spread$10k$100k$1M$5M
Buy Orderly no order-book sample—————
Sell Hotstuff no order-book sample—————
Orderly and 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 −0.0159% / S +0.0335%1h798.84−0.004%$47K—200xas long as short
Kraken Futures PF_BNBUSD−0.0121%1h798.94+0.009%$2.5M$966K50xas long as short
Hotstuff BNB-PERPshort−0.0080%1h799.27+0.050%$4K$23925x
BingX BNB-USDC−0.0057%8h798.98+0.014%—$13.4M—as long as short
Bybit BNBUSDT−0.0028%8h798.40−0.059%$138.6M$75.1M75xas long as short
GRVT BNB_USDT_Perp0.0000%8h799.67+0.100%$3.0M$27.4M10xas long as short
StandX BNB-USD0.0000%1h799.18+0.039%$864K$2.9M30xas long as short
Phemex BNBUSDT0.0000%8h799.48+0.076%$69.8M$50.5M50xas long as short
Variational Omni BNB+0.0004%8h798.73−0.018%$4.1M$5.2M—as long as short
gTrade (Gains Network) BNB/USDL +0.0008% / S −0.0007%1h798.86−0.002%$9.7M—150xas long as short
Show all 46 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective BNB/USDC PERP+0.0033%1h805.09+0.779%$19K$789K30xas long as short
Coinbase International BNB-PERP-INTX+0.0048%1h798.73−0.018%$602K$972K50xas long as short
Aster BNBUSDT+0.0063%8h799.40+0.066%$6.2M$19.1M200xas long as short
Binance BNBUSDT+0.0085%8h799.11+0.030%$496.1M$807.3M75xas long as short
MEXC BNB_USDT+0.0086%8h799.80+0.116%$83.1M$13.5M200xas long as short
Gate BNB_USDT+0.0087%8h798.70−0.021%$35.7M$56.1M75xas long as short
Lighter BNB+0.0096%1h799.21+0.042%$2.8M$4.0M20xas long as short
Phoenix BNB+0.0099%1h799.23+0.045%$172K$36K10xas long as short
Nado BNB-PERP+0.0100%1h798.60−0.034%$1.5M$2.7M20xas long as short
Pacifica BNB+0.0100%1h799.03+0.020%$1.2M$924K20xas long as short
OKX BNB-USDT-SWAP+0.0100%8h798.80−0.009%$54.1M$110.3M50xas long as short
Arcus BNB-USD+0.0100%1h799.10+0.029%$53K$133K10xas long as short
KuCoin BNBUSDTM+0.0100%8h798.92+0.006%$28.0M$10.0M75xas long as short
Bitget BNBUSDT+0.0100%8h798.55−0.040%$78.8M$27.3M75xas long as short
edgeX BNBUSDC+0.0100%4h799.78+0.113%$4.2M$76.3M30xas long as short
ApeX Omni BNBUSDT+0.0100%1h799.32+0.056%$161K$436K50xas long as short
Polymarket Perps BNB-USD+0.0100%1h798.77−0.013%$116K$873K10xas long as short
Orderly PERP_BNB_USDClong+0.0100%8h798.87long leg$386K$458K50x
Derive BNB-PERP+0.0100%1h799.07+0.025%$32K$5K10xas long as short
SunX BNB-USDT+0.0100%8h799.34+0.059%$13K$1.7M50xas long as short
SoDEX BNB-USD+0.0100%1h799.10+0.029%$393K$1.0M10xas long as short
HTX BNB-USDT+0.0100%8h798.76−0.014%$8.2M$8.2M75xas long as short
Paradex BNB-USD-PERP+0.0100%8h799.45+0.072%$78K$18K50xas long as short
Extended BNB-USD+0.0104%1h798.52−0.044%$1.8M$6.3M50xas long as short
Aevo BNB-PERP+0.0104%1h798.96+0.011%$384K$108K10xas long as short
Bulk BNB-USD+0.0127%1h799.69+0.102%$649K$10K10xas long as short
Hibachi BNB/USDT-P+0.0152%1h799.31+0.055%$69K$37K12xas long as short
Kalshi KXBNBPERP+0.0153%8h799.40+0.066%$91K$2.8M4.8xas long as short
RISEx BNB/USDC+0.0155%1h798.99+0.015%$1.1M$1.4M20xas long as short
Deribit BNB_USDC-PERPETUAL+0.0200%1h799.40+0.066%$1.6M$160K25xas long as short
BloFin BNB-USDT+0.0206%8h799.45+0.073%$18.1M$2.5M75xas long as short
01 Exchange BNBUSD+0.0208%1h799.50+0.079%$28K$1K10xas long as short
dYdX BNB-USD+0.0253%1h798.870.000%$161K$63K10xas long as short
Hyperliquid BNB+0.0311%1h799.52+0.081%$53.2M$20.6M10xas long as short
Reya BNBRUSDPERP+0.0330%1h798.41−0.057%$6K$3K40xas long as short
Backpack BNB_USDC_PERP+0.0396%1h799.74+0.109%$2.7M$5.6M40xas long as short