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 22:00 UTC+0.0063%/8h= +6.9% APRpaid last 24h +0.047%
Price spread now: Hyperliquid against Aster−0.017%7-day average −0.065% · you buy dearer than you sell
Net, funding: paid 7d − costs−$11as in the Funding arb table
Net, price: spread back to 7d avg − costs−$15as in the Price arb table
costs, in and out, $10k−$200.201% of the position
Long on AsterShort on Hyperliquid
What this pair did over the last
the charts below follow
Funding, last 7 days+0.090%+$9 on $10k
Price spread, last 7 days−0.074%−$7 · spread now −0.017%, 7d avg −0.065%
Together, before fees+0.017%+ Points / potential airdropAster: Stage 5 · Hyperliquid: Season 2 · farm board+$2 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Hyperliquid is 0.047% dearer against Aster than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.065%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster BNBUSDT804.350.0087pay 0.0087% / 8h2h 37m$6.4M$18.8M200x
ShortHyperliquid BNB804.210.0149get 0.0019% / 1h37m 06s$51.7M$21.3M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid against Aster. 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
$13.15
Price spread: −0.017% → −0.065%
$4.75
Slippage, 4 orders
−$3.12
Fee Aster: 4 bp × 2 orders
−$8
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$2.23
Costs to cover
0.201%
Break-even
8.2 days
Slippage from Aster: live order book, 2 min ago; Hyperliquid: live order book, 6 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 Aster live order book, 2 min ago0.56 bp4.6 bp −$55.3 bp −$5318.0 bp −$1,803doesn't fit
Sell Hyperliquid live order book, 6 min ago0.31 bp5.0 bp −$5doesn't fitdoesn't fitdoesn'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%1h803.65−0.087%$48K—200xas long as short
Hotstuff BNB-PERP−0.0080%1h802.88−0.183%$4K$1K25xas long as short
GRVT BNB_USDT_Perp0.0000%8h803.28−0.133%$3.0M$29.7M10xas long as short
Kalshi KXBNBPERP0.0000%8h804.10−0.031%$113K$2.5M4.8xas long as short
StandX BNB-USD0.0000%1h803.40−0.118%$868K$2.9M30xas long as short
gTrade (Gains Network) BNB/USDL +0.0008% / S −0.0007%1h803.65−0.087%$9.8M—150xas long as short
Kraken Futures PF_BNBUSD+0.0038%1h803.61−0.092%$2.5M$908K50xas long as short
Variational Omni BNB+0.0055%8h802.35−0.248%$4.0M$5.4M—as long as short
BingX BNB-USDC+0.0062%8h803.22−0.140%—$13.3M—as long as short
Bybit BNBUSDT+0.0079%8h803.20−0.143%$139.3M$82.8M75xas long as short
Show all 46 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster BNBUSDTlong+0.0087%8h804.35long leg$6.4M$18.8M200x
Coinbase International BNB-PERP-INTX+0.0088%1h803.99−0.045%$608K$878K50xas long as short
Lighter BNB+0.0096%1h803.82−0.066%$2.8M$4.2M20xas long as short
Nado BNB-PERP+0.0100%1h803.55−0.099%$1.4M$2.8M20xas long as short
Pacifica BNB+0.0100%1h803.83−0.065%$1.2M$923K20xas long as short
OKX BNB-USDT-SWAP+0.0100%8h803.50−0.106%$55.1M$115.5M50xas long as short
Arcus BNB-USD+0.0100%1h803.90−0.056%$52K$161K10xas long as short
Gate BNB_USDT+0.0100%8h803.40−0.118%$35.9M$58.4M75xas long as short
KuCoin BNBUSDTM+0.0100%8h803.41−0.117%$28.1M$10.5M75xas long as short
Bitget BNBUSDT+0.0100%8h803.21−0.142%$79.0M$24.5M75xas long as short
edgeX BNBUSDC+0.0100%4h803.02−0.165%$4.2M$76.8M30xas long as short
ApeX Omni BNBUSDT+0.0100%1h803.43−0.114%$158K$438K50xas long as short
Polymarket Perps BNB-USD+0.0100%1h803.69−0.082%$118K$868K10xas long as short
Orderly PERP_BNB_USDC+0.0100%8h803.74−0.076%$388K$593K50xas long as short
Derive BNB-PERP+0.0100%1h803.80−0.069%$32K$5K10xas long as short
SunX BNB-USDT+0.0100%8h804.34−0.001%$13K$1.7M50xas long as short
Deribit BNB_USDC-PERPETUAL+0.0100%1h804.10−0.031%$1.6M$165K25xas long as short
HTX BNB-USDT+0.0100%8h803.04−0.162%$8.2M$7.4M75xas long as short
Paradex BNB-USD-PERP+0.0100%8h804.44+0.012%$79K$19K50xas long as short
MEXC BNB_USDT+0.0103%8h804.50+0.019%$84.4M$13.6M200xas long as short
Binance BNBUSDT+0.0103%8h804.25−0.012%$518.7M$803.1M75xas long as short
Extended BNB-USD+0.0104%1h803.26−0.135%$1.9M$6.1M50xas long as short
Aevo BNB-PERP+0.0104%1h803.89−0.057%$386K$40K10xas long as short
Phemex BNBUSDT+0.0122%8h804.15−0.025%$70.1M$51.7M50xas long as short
Phoenix BNB+0.0125%1h803.30−0.131%$173K$35K10xas long as short
SoDEX BNB-USD+0.0127%1h803.70−0.081%$395K$1.0M10xas long as short
Hyperliquid BNBshort+0.0149%1h804.21−0.017%$51.7M$21.3M10x
Bulk BNB-USD+0.0194%1h803.61−0.092%$649K$11K10xas long as short
RISEx BNB/USDC+0.0209%1h804.04−0.038%$1.1M$1.4M20xas long as short
BloFin BNB-USDT+0.0223%8h804.26−0.011%$18.8M$3.1M75xas long as short
Hibachi BNB/USDT-P+0.0248%1h802.90−0.181%$71K$48K12xas long as short
dYdX BNB-USD+0.0268%1h803.57−0.097%$170K$55K10xas long as short
01 Exchange BNBUSD+0.0312%1h804.66+0.039%$28K$1K10xas long as short
Reya BNBRUSDPERP+0.0334%1h803.45−0.111%$6K$3K40xas long as short
Injective BNB/USDC PERP+0.0353%1h804.92+0.071%$19K$526K30xas long as short
Backpack BNB_USDC_PERP+0.0675%1h804.57+0.027%$3.0M$5.3M40xas long as short