Settings8H · net · $10k
Funding arb · Price arb /

BNB

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 11:00 UTC−0.0184%/8h= −20.1% APRnext payment $0.23 per $10,000 · paid last 24h −0.055%
Price spread now: Hotstuff against Extended+0.184%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
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 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropExtended: Active · Hotstuff: Active · farm boardneeds both histories
The price spread pays, funding is against you. Hotstuff is 0.184% dearer against Extended than usual: you sell high and buy low (spread +0.184% now, against zero (this spread has no 7-day history yet)): +$18 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 3.3 days.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended BNB-USD786.040.0104pay 0.0013% / 1h29m 53s$1.8M$5.6M50x
ShortHotstuff BNB-PERP787.49−0.0080pay 0.0010% / 1h29m 53s$4K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hotstuff against Extended. 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
−$38.64
Price spread: +0.184% → 0.000%
$18.41
Slippage, 4 orders
no order book: not counted
Fee Extended: 2.5 bp × 2 orders
−$5
Fee Hotstuff: 2.5 bp × 2 orders
−$5
Net
−$30.23
Costs to cover
0.100%
Break-even
from the start
Slippage unknown: Extended: live order book, 2 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
LegHalf-spread$10k$100k$1M$5M
Buy Extended live order book, 2 min ago0.06 bp3.4 bp −$34.8 bp −$48doesn't fitdoesn'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 45 exchanges

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 −0.0166% / S +0.0336%1h786.48+0.056%$43K200xas long as short
Kraken Futures PF_BNBUSD−0.0086%1h786.38+0.043%$2.5M$1.2M50xas long as short
Hotstuff BNB-PERPshort−0.0080%1h787.49+0.184%$4K25x
Aster BNBUSDT0.0000%8h787.17+0.143%$6.0M$16.9M200xas long as short
GRVT BNB_USDT_Perp0.0000%8h786.58+0.069%$2.9M$26.2M10xas long as short
Kalshi KXBNBPERP0.0000%8h786.80+0.096%$155K$2.5M4.8xas long as short
StandX BNB-USD0.0000%1h786.86+0.104%$849K$3.0M30xas long as short
Deribit BNB_USDC-PERPETUAL0.0000%1h786.81+0.098%$1.5M$148K25xas long as short
gTrade (Gains Network) BNB/USDL +0.0007% / S −0.0007%1h785.78−0.034%$9.5M150xas long as short
Bybit BNBUSDT+0.0009%8h786.22+0.023%$138.5M$65.7M75xas long as short
Show all 45 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX BNB-USDC+0.0011%8h786.44+0.051%$13.4Mas long as short
MEXC BNB_USDT+0.0012%8h788.00+0.249%$83.3M$11.8M200xas long as short
Binance BNBUSDT+0.0012%8h787.18+0.145%$480.7M$760.0M75xas long as short
Injective BNB/USDC PERP+0.0033%1h805.09+2.423%$19K$789K30xas long as short
BloFin BNB-USDT+0.0051%8h786.47+0.054%$18.5M$2.2M75xas long as short
Phemex BNBUSDT+0.0087%8h787.07+0.131%$68.3M$50.9M50xas long as short
Lighter BNB+0.0096%1h786.60+0.071%$2.7M$3.3M20xas long as short
Nado BNB-PERP+0.0100%1h786.11+0.008%$1.4M$2.3M20xas long as short
Hyperliquid BNB+0.0100%1h787.12+0.137%$51.9M$16.9M10xas long as short
Pacifica BNB+0.0100%1h786.51+0.060%$1.2M$929K20xas long as short
OKX BNB-USDT-SWAP+0.0100%8h786.50+0.058%$53.4M$101.7M50xas long as short
Arcus BNB-USD+0.0100%1h786.50+0.058%$57K$122K10xas long as short
Gate BNB_USDT+0.0100%8h786.45+0.052%$41.6M$54.2M75xas long as short
KuCoin BNBUSDTM+0.0100%8h786.34+0.038%$28.2M$9.6M75xas long as short
Bitget BNBUSDT+0.0100%8h786.40+0.045%$75.8M$31.0M75xas long as short
Backpack BNB_USDC_PERP+0.0100%1h787.17+0.143%$2.2M$6.0M40xas long as short
Variational Omni BNB+0.0100%8h785.47−0.073%$4.3M$4.4Mas long as short
edgeX BNBUSDC+0.0100%4h786.25+0.026%$4.1M$73.3M30xas long as short
ApeX Omni BNBUSDT+0.0100%1h787.07+0.131%$158K$459K50xas long as short
Polymarket Perps BNB-USD+0.0100%1h786.27+0.029%$128K$905K10xas long as short
Orderly PERP_BNB_USDC+0.0100%8h786.57+0.067%$264K$297K50xas long as short
SunX BNB-USDT+0.0100%8h787.16+0.142%$12K$1.3M50xas long as short
SoDEX BNB-USD+0.0100%1h786.60+0.071%$387K$926K10xas long as short
HTX BNB-USDT+0.0100%8h786.52+0.060%$8.0M$9.9M75xas long as short
Paradex BNB-USD-PERP+0.0100%8h786.69+0.083%$78K$899K50xas long as short
Extended BNB-USDlong+0.0104%1h786.04long leg$1.8M$5.6M50x
Aevo BNB-PERP+0.0104%1h786.40+0.046%$378K$110K10xas long as short
Phoenix BNB+0.0120%1h786.27+0.029%$158K$45K10xas long as short
Coinbase International BNB-PERP-INTX+0.0120%1h787.08+0.132%$548K$1.9M50xas long as short
01 Exchange BNBUSD+0.0208%1h786.83+0.100%$28K$3K10xas long as short
Bulk BNB-USD+0.0305%1h787.61+0.199%$638K$81110xas long as short
Reya BNBRUSDPERP+0.0316%1h786.09+0.005%$6K$3K40xas long as short
Hibachi BNB/USDT-P+0.0336%1h786.10+0.008%$67K$37K12xas long as short
RISEx BNB/USDC+0.0393%1h786.18+0.017%$1.1M$903K20xas long as short
dYdX BNB-USD+0.1165%1h786.11+0.009%$158K$34K10xas long as short