BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0050%/8h= +5.4% APRnext payment +$0.06 per $10,000 · paid last 24h +0.006%

Price spread now: Hyperliquid against Bulk+0.007%50s7-day average −0.051% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$180.177% of the position

Long on Bulk Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.167%−$17 on $10k

Price spread, last 4 days (all we have)+0.007%+$1 · spread now +0.007%, 7d avg −0.051%

Together, before fees−0.160%+ Points / potential airdropHyperliquid: Season 2 · farm board−$16 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Hyperliquid is 0.058% dearer against Bulk than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of −0.051%. Mind the row above: over the last 3 days funding on this pair cost −0.167%, so the current rate has only just turned in your favour. The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bulk BNB-USD	798.83	0.0191	pay 0.0024% / 1h	5m 54s	$649K	$17K	10x
Short	Hyperliquid BNB	798.88	0.0241	get 0.0030% / 1h	5m 54s	$52.4M	$20.8M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against Bulk. 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 BulkbpFee HyperliquidbpOrdersPrice spread, now +0.007%Rate

Funding earned: $10.42
Price spread: +0.007% → −0.051%: $5.81
Slippage, 4 orders: −$1.66
Fee Bulk: 3.5 bp × 2 orders: −$7
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$1.43
Costs to cover: 0.177%
Break-even: 8.0 days

Slippage from Bulk: live order book, 8 min ago; Hyperliquid: live order book, 8 min ago.

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, 8 min ago	0.06 bp	3.6 bp −$4	3.6 bp −$36	4.9 bp −$488	11.1 bp −$5,571
Sell Hyperliquid live order book, 8 min ago	0.19 bp	4.9 bp −$5	6.6 bp −$66	doesn't fit	doesn't fit

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 −0.0201% / S +0.0372%	1h	797.87	−0.120%	$47K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	798.46	−0.046%	$4K	$1K	25x	as long as short
Kraken Futures PF_BNBUSD	−0.0074%	1h	797.97	−0.107%	$2.5M	$975K	50x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	798.60	−0.028%	$3.0M	$27.9M	10x	as long as short
StandX BNB-USD	0.0000%	1h	798.74	−0.011%	$863K	$2.9M	30x	as long as short
Variational Omni BNB	+0.0007%	8h	797.54	−0.161%	$4.1M	$5.4M	—	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	797.93	−0.112%	$9.7M	—	150x	as long as short
BingX BNB-USDT	+0.0030%	8h	798.15	−0.085%	—	$34.7M	—	as long as short
Bybit BNBUSDT	+0.0037%	8h	797.70	−0.141%	$138.4M	$76.9M	75x	as long as short
Coinbase International BNB-PERP-INTX	+0.0072%	1h	798.14	−0.086%	$601K	$984K	50x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster BNBUSDT	+0.0079%	8h	798.41	−0.052%	$6.2M	$19.2M	200x	as long as short
Lighter BNB	+0.0096%	1h	798.22	−0.075%	$2.8M	$4.1M	20x	as long as short
Phemex BNBUSDT	+0.0098%	8h	798.44	−0.048%	$69.8M	$50.6M	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	797.90	−0.116%	$1.4M	$2.7M	20x	as long as short
Pacifica BNB	+0.0100%	1h	798.39	−0.054%	$1.2M	$925K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	797.70	−0.141%	$54.3M	$112.5M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	798.50	−0.041%	$53K	$133K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	797.80	−0.128%	$35.7M	$58.6M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	798.07	−0.095%	$28.0M	$10.2M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	797.89	−0.117%	$79.0M	$27.5M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	798.68	−0.018%	$4.1M	$76.3M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	799.23	+0.051%	$161K	$438K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	798.05	−0.097%	$116K	$874K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	797.78	−0.131%	$385K	$494K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	797.97	−0.107%	$32K	$5K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	798.38	−0.056%	$13K	$1.7M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	798.10	−0.091%	$392K	$1.0M	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0100%	1h	798.27	−0.070%	$1.6M	$165K	25x	as long as short
HTX BNB-USDT	+0.0100%	8h	798.43	−0.049%	$8.2M	$8.1M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	798.77	−0.007%	$78K	$19K	50x	as long as short
Binance BNBUSDT	+0.0100%	8h	798.54	−0.036%	$497.4M	$818.1M	75x	as long as short
MEXC BNB_USDT	+0.0101%	8h	798.80	−0.003%	$83.0M	$13.6M	200x	as long as short
Extended BNB-USD	+0.0104%	1h	797.75	−0.135%	$1.7M	$6.6M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	797.98	−0.105%	$383K	$40K	10x	as long as short
Phoenix BNB	+0.0127%	1h	798.58	−0.031%	$172K	$36K	10x	as long as short
Kalshi KXBNBPERP	+0.0148%	8h	798.80	−0.003%	$90K	$2.9M	4.8x	as long as short
Hibachi BNB/USDT-P	+0.0160%	1h	798.62	−0.026%	$70K	$43K	12x	as long as short
Bulk BNB-USDlong	+0.0191%	1h	798.83	long leg	$649K	$17K	10x
BloFin BNB-USDT	+0.0221%	8h	798.81	−0.002%	$18.1M	$2.5M	75x	as long as short
Hyperliquid BNBshort	+0.0241%	1h	798.88	+0.007%	$52.4M	$20.8M	10x
RISEx BNB/USDC	+0.0258%	1h	798.24	−0.073%	$1.1M	$1.4M	20x	as long as short
01 Exchange BNBUSD	+0.0272%	1h	798.71	−0.014%	$28K	$1K	10x	as long as short
Injective BNB/USDC PERP	+0.0306%	1h	805.09	+0.784%	$19K	$789K	30x	as long as short
Reya BNBRUSDPERP	+0.0331%	1h	797.57	−0.157%	$6K	$3K	40x	as long as short
dYdX BNB-USD	+0.0333%	1h	798.04	−0.099%	$161K	$63K	10x	as long as short
Backpack BNB_USDC_PERP	+0.0343%	1h	798.86	+0.004%	$2.7M	$5.7M	40x	as long as short