Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0115%/8h= +12.6% APRpaid last 24h +0.041%

Price spread now: BingX against Hotstuff−0.019%7-day average — · you buy dearer than you sell

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

Long on Hotstuff Short on BingX

What this pair did over the last

the charts below follow

Funding, last 3 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 sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hotstuff BNB-PERP	797.49	−0.0080	get 0.0010% / 1h	7m 21s	$4K	$239	25x
Short	BingX BNB-USDC	797.34	0.0035	get 0.0035% / 8h	7h 07m	—	$13.3M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Hotstuff. 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 HotstuffbpFee BingXbpOrdersPrice spread, now −0.019%Rate

Funding earned: $24.15
Price spread: −0.019% → 0.000%: −$1.88
Slippage, 4 orders: no order book: not counted
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Fee BingX: 5 bp × 2 orders: −$10
Net: $7.27
Costs to cover: 0.150%
Break-even: 4.9 days

Slippage unknown: Hotstuff: no order-book sample; BingX: live order book, 1 min ago. 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 Hotstuff no order-book sample	—	—	—	—	—
Sell BingX live order book, 1 min ago	0.69 bp	6.5 bp −$6	9.4 bp −$94	20.4 bp −$2,043	68.4 bp −$34.2K

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 −0.0159% / S +0.0335%	1h	797.07	−0.053%	$47K	—	200x	as long as short
Kraken Futures PF_BNBUSD	−0.0121%	1h	797.00	−0.062%	$2.5M	$1.0M	50x	as long as short
Hotstuff BNB-PERPlong	−0.0080%	1h	797.49	long leg	$4K	$239	25x
Gate BNB_USDT	−0.0004%	8h	796.80	−0.087%	$35.8M	$57.1M	75x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	799.15	+0.208%	$3.0M	$27.9M	10x	as long as short
StandX BNB-USD	0.0000%	1h	798.87	+0.173%	$863K	$3.0M	30x	as long as short
Variational Omni BNB	+0.0008%	8h	797.92	+0.054%	$4.1M	$5.1M	—	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	797.12	−0.046%	$9.7M	—	150x	as long as short
Phemex BNBUSDT	+0.0020%	8h	797.76	+0.034%	$69.7M	$50.2M	50x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+0.953%	$19K	$789K	30x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX BNB-USDCshort	+0.0035%	8h	797.34	−0.019%	—	$13.3M	—
Coinbase International BNB-PERP-INTX	+0.0048%	1h	797.60	+0.014%	$610K	$1.1M	50x	as long as short
Aster BNBUSDT	+0.0048%	8h	797.59	+0.012%	$6.1M	$19.5M	200x	as long as short
Bybit BNBUSDT	+0.0069%	8h	797.00	−0.061%	$138.4M	$76.2M	75x	as long as short
Binance BNBUSDT	+0.0071%	8h	797.72	+0.028%	$496.5M	$810.7M	75x	as long as short
MEXC BNB_USDT	+0.0072%	8h	798.00	+0.064%	$83.0M	$13.7M	200x	as long as short
Lighter BNB	+0.0096%	1h	797.38	−0.014%	$2.8M	$4.0M	20x	as long as short
Phoenix BNB	+0.0099%	1h	799.02	+0.192%	$172K	$36K	10x	as long as short
Nado BNB-PERP	+0.0100%	1h	797.10	−0.049%	$1.5M	$2.7M	20x	as long as short
Pacifica BNB	+0.0100%	1h	797.45	−0.005%	$1.2M	$930K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	797.00	−0.061%	$54.2M	$110.7M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	797.30	−0.024%	$52K	$127K	10x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	796.88	−0.076%	$27.9M	$10.0M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	796.83	−0.083%	$78.1M	$28.0M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	799.04	+0.194%	$4.2M	$76.0M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	799.32	+0.229%	$161K	$436K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	797.15	−0.043%	$113K	$885K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	797.11	−0.048%	$385K	$459K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	797.30	−0.024%	$32K	$9K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	797.64	+0.019%	$13K	$1.6M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	797.30	−0.024%	$392K	$995K	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	797.35	−0.017%	$8.2M	$8.4M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	797.68	+0.024%	$78K	$18K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	796.80	−0.086%	$1.8M	$6.0M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	797.23	−0.032%	$383K	$110K	10x	as long as short
Bulk BNB-USD	+0.0133%	1h	798.69	+0.150%	$649K	$10K	10x	as long as short
RISEx BNB/USDC	+0.0155%	1h	797.08	−0.051%	$1.1M	$1.4M	20x	as long as short
Kalshi KXBNBPERP	+0.0160%	8h	797.90	+0.051%	$88K	$2.8M	4.8x	as long as short
dYdX BNB-USD	+0.0189%	1h	797.59	+0.013%	$161K	$63K	10x	as long as short
BloFin BNB-USDT	+0.0191%	8h	797.85	+0.045%	$18.1M	$2.5M	75x	as long as short
01 Exchange BNBUSD	+0.0200%	1h	797.25	−0.030%	$28K	$1K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0200%	1h	797.61	+0.015%	$1.6M	$161K	25x	as long as short
Hyperliquid BNB	+0.0285%	1h	797.85	+0.045%	$53.0M	$20.1M	10x	as long as short
Reya BNBRUSDPERP	+0.0330%	1h	796.70	−0.099%	$6K	$3K	40x	as long as short
Hibachi BNB/USDT-P	+0.0344%	1h	798.94	+0.182%	$68K	$39K	12x	as long as short
Backpack BNB_USDC_PERP	+0.0431%	1h	798.53	+0.130%	$2.7M	$5.7M	40x	as long as short