Funding you earn now, next payment 04:00 UTC−0.0180%/8h= −19.7% APRnext payment −$0.23 per $10,000 · paid last 24h −0.101%
Price spread now: Hotstuff against Backpack+0.001%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$5 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack BNB_USDC_PERP | 789.38 | 0.0100 | pay 0.0013% / 1h | 0m 09s | $2.2M | $6.1M | 40x |
| Short | Hotstuff BNB-PERP | 789.39 | −0.0080 | pay 0.0010% / 1h | 0m 09s | $4K | $42 | 25x |
Backpack BNB_USDC_PERP
Hotstuff BNB-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hotstuff against Backpack. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
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: +0.001% → 0.000%
- $0.13
- Slippage, 4 orders
- no order book: not counted
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Hotstuff: 2.5 bp × 2 orders
- −$5
- Net
- −$52.67
- Costs to cover
- 0.150%
- Break-even
- never at this rate
Slippage unknown: Backpack: live order book, 4 min ago; 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| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Backpack live order book, 4 min ago | 0.06 bp | 5.7 bp −$6 | 8.8 bp −$88 | doesn't fit | doesn't fit |
| Sell Hotstuff no order-book sample | — | — | — | — | — |
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.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GMX BNB/USD [WBTC.b-USDC] | L −0.0190% / S +0.0354% | 1h | 789.26 | −0.015% | $46K | — | 200x | as long as short |
| Hotstuff BNB-PERPshort | −0.0080% | 1h | 789.39 | +0.001% | $4K | $42 | 25x | |
| StandX BNB-USD | 0.0000% | 1h | 789.04 | −0.043% | $851K | $3.2M | 30x | as long as short |
| gTrade (Gains Network) BNB/USD | L +0.0007% / S −0.0007% | 1h | 789.32 | −0.008% | $9.5M | — | 150x | as long as short |
| Injective BNB/USDC PERP | +0.0033% | 1h | 805.09 | +1.990% | $19K | $789K | 30x | as long as short |
| Aster BNBUSDT | +0.0036% | 8h | 790.23 | +0.108% | $6.1M | $18.7M | 200x | as long as short |
| BingX BNB-USDT | +0.0046% | 8h | 789.11 | −0.034% | — | $34.4M | — | as long as short |
| MEXC BNB_USDT | +0.0057% | 8h | 789.80 | +0.053% | $80.1M | $12.4M | 200x | as long as short |
| Binance BNBUSDT | +0.0058% | 8h | 789.51 | +0.016% | $492.9M | $791.6M | 75x | as long as short |
| Phemex BNBUSDT | +0.0058% | 8h | 789.60 | +0.028% | $69.1M | $50.4M | 50x | as long as short |
GMX BNB/USD [WBTC.b-USDC]
StandX BNB-USD
gTrade (Gains Network) BNB/USD
Injective BNB/USDC PERP
Aster BNBUSDT
BingX BNB-USDT
MEXC BNB_USDT
Binance BNBUSDT
Phemex BNBUSDTShow all 46 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International BNB-PERP-INTX | +0.0064% | 1h | 788.26 | −0.142% | $579K | $1.9M | 50x | as long as short |
| Lighter BNB | +0.0096% | 1h | 789.38 | −0.001% | $2.7M | $3.9M | 20x | as long as short |
| Orderly PERP_BNB_USDC | +0.0100% | 8h | 789.30 | −0.010% | $265K | $492K | 50x | as long as short |
| Nado BNB-PERP | +0.0100% | 1h | 789.50 | +0.015% | $1.5M | $2.5M | 20x | as long as short |
| Hyperliquid BNB | +0.0100% | 1h | 789.59 | +0.027% | $51.8M | $17.5M | 10x | as long as short |
| Pacifica BNB | +0.0100% | 1h | 789.80 | +0.053% | $1.2M | $931K | 20x | as long as short |
| Bybit BNBUSDT | +0.0100% | 8h | 788.90 | −0.061% | $138.8M | $74.0M | 75x | as long as short |
| OKX BNB-USDT-SWAP | +0.0100% | 8h | 788.80 | −0.073% | $53.4M | $111.3M | 50x | as long as short |
| Arcus BNB-USD | +0.0100% | 1h | 789.60 | +0.028% | $52K | $130K | 10x | as long as short |
| Gate BNB_USDT | +0.0100% | 8h | 788.90 | −0.061% | $35.5M | $57.7M | 75x | as long as short |
| KuCoin BNBUSDTM | +0.0100% | 8h | 789.01 | −0.047% | $28.1M | $10.1M | 75x | as long as short |
| Bitget BNBUSDT | +0.0100% | 8h | 789.03 | −0.044% | $76.4M | $30.2M | 75x | as long as short |
| Backpack BNB_USDC_PERPlong | +0.0100% | 1h | 789.38 | long leg | $2.2M | $6.1M | 40x | |
| Variational Omni BNB | +0.0100% | 8h | 789.11 | −0.034% | $4.1M | $4.8M | — | as long as short |
| edgeX BNBUSDC | +0.0100% | 4h | 789.18 | −0.026% | $4.1M | $73.3M | 30x | as long as short |
| ApeX Omni BNBUSDT | +0.0100% | 1h | 789.32 | −0.008% | $159K | $440K | 50x | as long as short |
| Polymarket Perps BNB-USD | +0.0100% | 1h | 789.35 | −0.004% | $133K | $950K | 10x | as long as short |
| Derive BNB-PERP | +0.0100% | 1h | 789.34 | −0.005% | $31K | $12K | 10x | as long as short |
| SunX BNB-USDT | +0.0100% | 8h | 789.83 | +0.057% | $12K | $1.5M | 50x | as long as short |
| SoDEX BNB-USD | +0.0100% | 1h | 789.30 | −0.010% | $388K | $1.0M | 10x | as long as short |
| HTX BNB-USDT | +0.0100% | 8h | 789.25 | −0.016% | $8.1M | $9.5M | 75x | as long as short |
| Paradex BNB-USD-PERP | +0.0100% | 8h | 790.01 | +0.080% | $77K | $17K | 50x | as long as short |
| Extended BNB-USD | +0.0104% | 1h | 789.03 | −0.044% | $1.9M | $6.2M | 50x | as long as short |
| Aevo BNB-PERP | +0.0104% | 1h | 789.28 | −0.012% | $379K | $110K | 10x | as long as short |
| Phoenix BNB | +0.0117% | 1h | 789.25 | −0.016% | $170K | $35K | 10x | as long as short |
| dYdX BNB-USD | +0.0122% | 1h | 789.25 | −0.016% | $160K | $64K | 10x | as long as short |
| GRVT BNB_USDT_Perp | +0.0157% | 8h | 789.58 | +0.026% | $2.9M | $28.5M | 10x | as long as short |
| Kalshi KXBNBPERP | +0.0177% | 8h | 789.90 | +0.066% | $133K | $2.7M | 4.8x | as long as short |
| BloFin BNB-USDT | +0.0178% | 8h | 790.06 | +0.086% | $18.1M | $2.2M | 75x | as long as short |
| Bulk BNB-USD | +0.0216% | 1h | 788.57 | −0.103% | $639K | $9K | 10x | as long as short |
| 01 Exchange BNBUSD | +0.0232% | 1h | 790.21 | +0.105% | $28K | $4K | 10x | as long as short |
| Kraken Futures PF_BNBUSD | +0.0263% | 1h | 789.07 | −0.039% | $2.5M | $1.2M | 50x | as long as short |
| Deribit BNB_USDC-PERPETUAL | +0.0300% | 1h | 789.74 | +0.046% | $1.5M | $143K | 25x | as long as short |
| Reya BNBRUSDPERP | +0.0325% | 1h | 789.25 | −0.016% | $6K | $3K | 40x | as long as short |
| Hibachi BNB/USDT-P | +0.0360% | 1h | 789.68 | +0.038% | $67K | $38K | 12x | as long as short |
| RISEx BNB/USDC | +0.0461% | 1h | 789.92 | +0.068% | $1.1M | $903K | 20x | as long as short |
Coinbase International BNB-PERP-INTX
Lighter BNB
Orderly PERP_BNB_USDC
Nado BNB-PERP
Hyperliquid BNB
Pacifica BNB
Bybit BNBUSDT
OKX BNB-USDT-SWAP
Arcus BNB-USD
Gate BNB_USDT
KuCoin BNBUSDTM
Bitget BNBUSDT
Variational Omni BNB
edgeX BNBUSDC
ApeX Omni BNBUSDT
Polymarket Perps BNB-USD
Derive BNB-PERP
SunX BNB-USDT
SoDEX BNB-USD
HTX BNB-USDT
Paradex BNB-USD-PERP
Extended BNB-USD
Aevo BNB-PERP
Phoenix BNB
dYdX BNB-USD
GRVT BNB_USDT_Perp
Kalshi KXBNBPERP
BloFin BNB-USDT
Bulk BNB-USD
01 Exchange BNBUSD
Kraken Futures PF_BNBUSD
Deribit BNB_USDC-PERPETUAL
Reya BNBRUSDPERP
Hibachi BNB/USDT-P
RISEx BNB/USDC