Funding you earn now, next payment 04:00 UTC−0.0376%/8h= −41.1% APRnext payment −$0.47 per $10,000 · paid last 24h −0.102%
Price spread now: Hotstuff against Bulk−0.309%7-day average — · you buy dearer than you sell
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
=Both sides work against this trade now: funding costs −$11 a day on $10k at the current rate, and Hotstuff is 0.309% cheaper against Bulk than usual: you would sell low and buy high (−$31 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bulk BNB-USD | 791.64 | 0.0296 | pay 0.0037% / 1h | 45m 15s | $641K | $9K | 10x |
| Short | Hotstuff BNB-PERP | 789.19 | −0.0080 | pay 0.0010% / 1h | 45m 15s | $4K | $42 | 25x |
Bulk BNB-USD
Hotstuff BNB-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hotstuff against Bulk. 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
- −$78.86
- Price spread: −0.309% → 0.000%
- −$30.95
- Slippage, 4 orders
- no order book: not counted
- Fee Bulk: 3.5 bp × 2 orders
- −$7
- Fee Hotstuff: 2.5 bp × 2 orders
- −$5
- Net
- −$121.81
- Costs to cover
- 0.120%
- Break-even
- never at this rate
Slippage unknown: Bulk: live order book, 14 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 Bulk live order book, 14 min ago | 0.06 bp | 3.7 bp −$4 | 4.7 bp −$47 | 9.3 bp −$926 | 18.0 bp −$9,016 |
| 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 −0.0184% / S +0.0349% | 1h | 789.21 | −0.307% | $46K | — | 200x | as long as short |
| Hotstuff BNB-PERPshort | −0.0080% | 1h | 789.19 | −0.309% | $4K | $42 | 25x | |
| StandX BNB-USD | 0.0000% | 1h | 789.70 | −0.245% | $853K | $3.2M | 30x | as long as short |
| gTrade (Gains Network) BNB/USD | L +0.0007% / S −0.0007% | 1h | 789.15 | −0.314% | $9.5M | — | 150x | as long as short |
| Injective BNB/USDC PERP | +0.0033% | 1h | 805.09 | +1.699% | $19K | $789K | 30x | as long as short |
| Aster BNBUSDT | +0.0041% | 8h | 789.76 | −0.237% | $6.1M | $18.7M | 200x | as long as short |
| BingX BNB-USDT | +0.0054% | 8h | 789.31 | −0.294% | — | $34.3M | — | as long as short |
| Coinbase International BNB-PERP-INTX | +0.0064% | 1h | 790.64 | −0.126% | $583K | $1.9M | 50x | as long as short |
| MEXC BNB_USDT | +0.0066% | 8h | 790.10 | −0.195% | $80.2M | $12.3M | 200x | as long as short |
| Binance BNBUSDT | +0.0067% | 8h | 789.90 | −0.220% | $492.9M | $789.5M | 75x | 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
Coinbase International BNB-PERP-INTX
MEXC BNB_USDT
Binance BNBUSDTShow all 46 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phemex BNBUSDT | +0.0076% | 8h | 789.80 | −0.232% | $69.1M | $50.0M | 50x | as long as short |
| Lighter BNB | +0.0096% | 1h | 789.36 | −0.287% | $2.7M | $3.8M | 20x | as long as short |
| Orderly PERP_BNB_USDC | +0.0100% | 8h | 789.34 | −0.291% | $266K | $492K | 50x | as long as short |
| Nado BNB-PERP | +0.0100% | 1h | 788.75 | −0.365% | $1.5M | $2.6M | 20x | as long as short |
| Hyperliquid BNB | +0.0100% | 1h | 789.78 | −0.235% | $51.8M | $17.5M | 10x | as long as short |
| Pacifica BNB | +0.0100% | 1h | 789.27 | −0.300% | $1.2M | $931K | 20x | as long as short |
| Bybit BNBUSDT | +0.0100% | 8h | 789.10 | −0.321% | $138.8M | $74.8M | 75x | as long as short |
| OKX BNB-USDT-SWAP | +0.0100% | 8h | 789.00 | −0.333% | $53.4M | $111.2M | 50x | as long as short |
| Arcus BNB-USD | +0.0100% | 1h | 789.30 | −0.296% | $52K | $130K | 10x | as long as short |
| Gate BNB_USDT | +0.0100% | 8h | 789.10 | −0.321% | $35.4M | $56.6M | 75x | as long as short |
| KuCoin BNBUSDTM | +0.0100% | 8h | 789.09 | −0.322% | $27.6M | $10.3M | 75x | as long as short |
| Bitget BNBUSDT | +0.0100% | 8h | 788.94 | −0.341% | $76.4M | $30.4M | 75x | as long as short |
| Backpack BNB_USDC_PERP | +0.0100% | 1h | 789.39 | −0.284% | $2.2M | $6.1M | 40x | as long as short |
| Variational Omni BNB | +0.0100% | 8h | 788.50 | −0.396% | $4.1M | $4.6M | — | as long as short |
| edgeX BNBUSDC | +0.0100% | 4h | 789.10 | −0.321% | $4.1M | $74.6M | 30x | as long as short |
| ApeX Omni BNBUSDT | +0.0100% | 1h | 789.58 | −0.260% | $159K | $440K | 50x | as long as short |
| Polymarket Perps BNB-USD | +0.0100% | 1h | 789.09 | −0.322% | $133K | $950K | 10x | as long as short |
| Derive BNB-PERP | +0.0100% | 1h | 789.36 | −0.288% | $31K | $12K | 10x | as long as short |
| SunX BNB-USDT | +0.0100% | 8h | 789.88 | −0.223% | $12K | $1.5M | 50x | as long as short |
| SoDEX BNB-USD | +0.0100% | 1h | 789.30 | −0.296% | $388K | $1.0M | 10x | as long as short |
| HTX BNB-USDT | +0.0100% | 8h | 788.84 | −0.354% | $8.1M | $9.3M | 75x | as long as short |
| Paradex BNB-USD-PERP | +0.0101% | 8h | 789.81 | −0.232% | $77K | $17K | 50x | as long as short |
| Extended BNB-USD | +0.0104% | 1h | 788.74 | −0.366% | $1.8M | $5.9M | 50x | as long as short |
| Aevo BNB-PERP | +0.0104% | 1h | 789.34 | −0.290% | $379K | $110K | 10x | as long as short |
| dYdX BNB-USD | +0.0115% | 1h | 789.05 | −0.327% | $160K | $64K | 10x | as long as short |
| Phoenix BNB | +0.0117% | 1h | 789.31 | −0.294% | $170K | $35K | 10x | as long as short |
| GRVT BNB_USDT_Perp | +0.0134% | 8h | 789.57 | −0.262% | $2.9M | $28.0M | 10x | as long as short |
| Kalshi KXBNBPERP | +0.0182% | 8h | 789.60 | −0.258% | $124K | $2.7M | 4.8x | as long as short |
| BloFin BNB-USDT | +0.0187% | 8h | 789.81 | −0.231% | $18.2M | $2.2M | 75x | as long as short |
| 01 Exchange BNBUSD | +0.0224% | 1h | 789.74 | −0.240% | $28K | $4K | 10x | as long as short |
| Kraken Futures PF_BNBUSD | +0.0263% | 1h | 789.05 | −0.327% | $2.5M | $1.2M | 50x | as long as short |
| Bulk BNB-USDlong | +0.0296% | 1h | 791.64 | long leg | $641K | $9K | 10x | |
| Deribit BNB_USDC-PERPETUAL | +0.0300% | 1h | 789.74 | −0.241% | $1.5M | $143K | 25x | as long as short |
| Reya BNBRUSDPERP | +0.0326% | 1h | 788.81 | −0.358% | $6K | $3K | 40x | as long as short |
| RISEx BNB/USDC | +0.0461% | 1h | 789.47 | −0.273% | $1.1M | $975K | 20x | as long as short |
| Hibachi BNB/USDT-P | +0.0512% | 1h | 788.97 | −0.338% | $67K | $38K | 12x | as long as short |
Phemex BNBUSDT
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
Backpack BNB_USDC_PERP
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
dYdX BNB-USD
Phoenix BNB
GRVT BNB_USDT_Perp
Kalshi KXBNBPERP
BloFin BNB-USDT
01 Exchange BNBUSD
Kraken Futures PF_BNBUSD
Deribit BNB_USDC-PERPETUAL
Reya BNBRUSDPERP
RISEx BNB/USDC
Hibachi BNB/USDT-P