Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0180%/8h= −19.7% APRpaid last 24h −0.054%

Price spread now: Hotstuff against Bitget+0.065%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Bitget Short on Hotstuff

What this pair did over the last

the charts below follow

Funding, last 4 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 0.065% dearer against Bitget than usual: you sell high and buy low (spread +0.065% now, against zero (this spread has no 7-day history yet)): +$6 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 29 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget BNBUSDT	786.51	0.0100	pay 0.0100% / 8h	2h 19m	$76.1M	$31.0M	75x
Short	Hotstuff BNB-PERP	787.02	−0.0080	pay 0.0010% / 1h	19m 58s	$4K	$42	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hotstuff against Bitget. 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

Position, each leg$Hold fordaysFee BitgetbpFee HotstuffbpOrdersPrice spread, now +0.065%Rate

Funding earned: −$37.8
Price spread: +0.065% → 0.000%: $6.48
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Net: −$48.32
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Bitget: 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 Bitget live order book, 4 min ago	0.06 bp	6.5 bp −$7	9.5 bp −$95	17.4 bp −$1,740	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 −0.0192% / S +0.0356%	1h	786.45	−0.007%	$46K	—	200x	as long as short
Hotstuff BNB-PERPshort	−0.0080%	1h	787.02	+0.065%	$4K	$42	25x
StandX BNB-USD	0.0000%	1h	787.09	+0.074%	$849K	$3.0M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	786.53	+0.003%	$9.5M	—	150x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.362%	$19K	$789K	30x	as long as short
Aster BNBUSDT	+0.0036%	8h	787.43	+0.117%	$6.1M	$19.0M	200x	as long as short
BingX BNB-USDT	+0.0042%	8h	786.95	+0.056%	—	$22.2M	—	as long as short
Phemex BNBUSDT	+0.0050%	8h	787.26	+0.095%	$68.9M	$50.6M	50x	as long as short
MEXC BNB_USDT	+0.0059%	8h	787.60	+0.139%	$80.5M	$12.0M	200x	as long as short
Binance BNBUSDT	+0.0059%	8h	787.51	+0.127%	$490.7M	$812.2M	75x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_BNBUSD	+0.0069%	1h	786.49	−0.002%	$2.5M	$1.2M	50x	as long as short
Coinbase International BNB-PERP-INTX	+0.0080%	1h	785.85	−0.084%	$568K	$1.9M	50x	as long as short
Lighter BNB	+0.0096%	1h	786.86	+0.045%	$2.7M	$3.8M	20x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	786.66	+0.019%	$265K	$489K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	786.35	−0.020%	$1.4M	$2.7M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	787.31	+0.102%	$51.5M	$17.6M	10x	as long as short
Pacifica BNB	+0.0100%	1h	786.87	+0.046%	$1.2M	$933K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	786.79	+0.036%	$138.2M	$74.7M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	786.70	+0.024%	$53.4M	$112.6M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	786.80	+0.037%	$52K	$129K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	786.75	+0.031%	$36.6M	$59.0M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	786.50	−0.001%	$27.7M	$10.2M	75x	as long as short
Bitget BNBUSDTlong	+0.0100%	8h	786.51	long leg	$76.1M	$31.0M	75x
Backpack BNB_USDC_PERP	+0.0100%	1h	786.91	+0.051%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	785.81	−0.089%	$4.0M	$4.8M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	785.00	−0.192%	$4.1M	$75.4M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	785.20	−0.167%	$158K	$438K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	786.36	−0.019%	$131K	$951K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	786.79	+0.036%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	787.14	+0.081%	$13K	$1.5M	50x	as long as short
HTX BNB-USDT	+0.0100%	8h	786.29	−0.028%	$8.0M	$10.1M	75x	as long as short
Paradex BNB-USD-PERP	+0.0101%	8h	786.95	+0.056%	$76K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	786.38	−0.017%	$1.8M	$6.2M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	786.79	+0.035%	$378K	$110K	10x	as long as short
Phoenix BNB	+0.0107%	1h	786.33	−0.023%	$169K	$35K	10x	as long as short
SoDEX BNB-USD	+0.0123%	1h	786.80	+0.037%	$387K	$993K	10x	as long as short
Kalshi KXBNBPERP	+0.0150%	8h	785.80	−0.090%	$161K	$2.7M	4.8x	as long as short
dYdX BNB-USD	+0.0162%	1h	786.37	−0.018%	$159K	$62K	10x	as long as short
BloFin BNB-USDT	+0.0179%	8h	786.29	−0.028%	$17.7M	$2.2M	75x	as long as short
GRVT BNB_USDT_Perp	+0.0211%	8h	785.17	−0.170%	$2.9M	$29.3M	10x	as long as short
01 Exchange BNBUSD	+0.0304%	1h	787.22	+0.090%	$28K	$4K	10x	as long as short
Reya BNBRUSDPERP	+0.0323%	1h	786.30	−0.026%	$6K	$3K	40x	as long as short
Bulk BNB-USD	+0.0341%	1h	785.39	−0.142%	$637K	$4K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0400%	1h	787.08	+0.073%	$1.5M	$143K	25x	as long as short
RISEx BNB/USDC	+0.0432%	1h	786.93	+0.053%	$1.1M	$902K	20x	as long as short
Hibachi BNB/USDT-P	+0.0520%	1h	785.22	−0.165%	$67K	$39K	12x	as long as short