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Funding arb · Price arb /

BNB

all BNB markets
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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 01:00 UTC+0.0149%/8h= +16.3% APRpaid last 24h +0.045%
Price spread now: Bybit against Hotstuff−0.076%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Long on HotstuffShort on Bybit
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
Funding pays, the price is against you. Bybit is 0.076% cheaper against Hotstuff than usual: you would sell low and buy high (spread −0.076% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$8 on $10k: about 41 hours of funding at the current rate (+$4 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHotstuff BNB-PERP799.13−0.0080get 0.0010% / 1h10m 18s$4K$23925x
ShortBybit BNBUSDT798.520.0069get 0.0069% / 8h7h 10m$138.6M$76.0M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit 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

Funding earned
$31.27
Price spread: −0.076% → 0.000%
−$7.63
Slippage, 4 orders
no order book: not counted
Fee Hotstuff: 2.5 bp × 2 orders
−$5
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
$7.64
Costs to cover
0.160%
Break-even
5.3 days
Slippage unknown: Hotstuff: no order-book sample; Bybit: live order book, 4 min ago. 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 Hotstuff no order-book sample—————
Sell Bybit live order book, 4 min ago0.63 bp6.5 bp −$79.2 bp −$9223.2 bp −$2,321117.4 bp −$58.7K
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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GMX BNB/USD [WBTC.b-USDC]L −0.0159% / S +0.0335%1h798.71−0.052%$47K—200xas long as short
Kraken Futures PF_BNBUSD−0.0121%1h798.26−0.109%$2.5M$1.0M50xas long as short
Hotstuff BNB-PERPlong−0.0080%1h799.13long leg$4K$23925x
GRVT BNB_USDT_Perp0.0000%8h799.74+0.076%$3.0M$27.9M10xas long as short
StandX BNB-USD0.0000%1h799.03−0.013%$863K$2.9M30xas long as short
Phemex BNBUSDT+0.0002%8h798.97−0.020%$69.8M$50.1M50xas long as short
Gate BNB_USDT+0.0007%8h798.40−0.091%$35.9M$57.0M75xas long as short
Variational Omni BNB+0.0008%8h797.92−0.152%$4.1M$5.1M—as long as short
gTrade (Gains Network) BNB/USDL +0.0008% / S −0.0007%1h798.72−0.051%$9.7M—150xas long as short
Injective BNB/USDC PERP+0.0033%1h805.09+0.746%$19K$789K30xas long as short
Show all 46 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX BNB-USDC+0.0035%8h798.87−0.033%—$13.4M—as long as short
Coinbase International BNB-PERP-INTX+0.0048%1h799.07−0.008%$615K$1.1M50xas long as short
Aster BNBUSDT+0.0049%8h799.20+0.009%$6.1M$19.4M200xas long as short
Bybit BNBUSDTshort+0.0069%8h798.52−0.076%$138.6M$76.0M75x
MEXC BNB_USDT+0.0072%8h799.70+0.071%$83.1M$13.7M200xas long as short
Binance BNBUSDT+0.0072%8h799.25+0.015%$496.5M$808.5M75xas long as short
Lighter BNB+0.0096%1h798.51−0.078%$2.8M$4.0M20xas long as short
Phoenix BNB+0.0099%1h800.04+0.114%$172K$36K10xas long as short
Nado BNB-PERP+0.0100%1h798.50−0.079%$1.5M$2.7M20xas long as short
Pacifica BNB+0.0100%1h799.06−0.009%$1.2M$937K20xas long as short
OKX BNB-USDT-SWAP+0.0100%8h798.50−0.079%$54.2M$110.7M50xas long as short
Arcus BNB-USD+0.0100%1h799.10−0.004%$53K$127K10xas long as short
KuCoin BNBUSDTM+0.0100%8h798.53−0.075%$27.9M$10.0M75xas long as short
Bitget BNBUSDT+0.0100%8h798.03−0.138%$78.2M$28.0M75xas long as short
edgeX BNBUSDC+0.0100%4h799.52+0.049%$4.2M$76.9M30xas long as short
ApeX Omni BNBUSDT+0.0100%1h799.37+0.030%$161K$435K50xas long as short
Polymarket Perps BNB-USD+0.0100%1h798.64−0.061%$113K$884K10xas long as short
Orderly PERP_BNB_USDC+0.0100%8h798.61−0.065%$386K$459K50xas long as short
Derive BNB-PERP+0.0100%1h798.74−0.049%$32K$5K10xas long as short
SunX BNB-USDT+0.0100%8h799.36+0.028%$13K$1.6M50xas long as short
SoDEX BNB-USD+0.0100%1h798.50−0.079%$393K$996K10xas long as short
HTX BNB-USDT+0.0100%8h798.40−0.091%$8.2M$8.3M75xas long as short
Paradex BNB-USD-PERP+0.0100%8h799.43+0.038%$78K$18K50xas long as short
Extended BNB-USD+0.0104%1h797.97−0.145%$1.8M$6.0M50xas long as short
Aevo BNB-PERP+0.0104%1h798.57−0.070%$384K$110K10xas long as short
Bulk BNB-USD+0.0138%1h797.80−0.166%$648K$10K10xas long as short
RISEx BNB/USDC+0.0155%1h798.80−0.041%$1.1M$1.4M20xas long as short
Kalshi KXBNBPERP+0.0162%8h798.80−0.041%$90K$2.8M4.8xas long as short
dYdX BNB-USD+0.0190%1h798.50−0.079%$161K$63K10xas long as short
BloFin BNB-USDT+0.0193%8h798.69−0.055%$18.1M$2.5M75xas long as short
01 Exchange BNBUSD+0.0200%1h799.32+0.024%$28K$1K10xas long as short
Hyperliquid BNB+0.0289%1h799.57+0.055%$53.1M$20.3M10xas long as short
Deribit BNB_USDC-PERPETUAL+0.0300%1h799.04−0.011%$1.6M$161K25xas long as short
Hibachi BNB/USDT-P+0.0320%1h799.02−0.014%$68K$38K12xas long as short
Reya BNBRUSDPERP+0.0330%1h798.46−0.084%$6K$3K40xas long as short
Backpack BNB_USDC_PERP+0.0428%1h798.98−0.019%$2.7M$5.7M40xas long as short