Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0180%/8h= +19.7% APRpaid last 24h +0.054%

Price spread now: edgeX against Hotstuff+0.063%58s7-day average — · you sell dearer than you buy

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

Long on Hotstuff Short on edgeX

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 · edgeX: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and edgeX is 0.063% dearer against Hotstuff than usual: you sell high and buy low: +$6 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 58 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	Hotstuff BNB-PERP	799.27	−0.0080	get 0.0010% / 1h	34m 21s	$4K	$239	25x
Short	edgeX BNBUSDC	799.78	0.0100	get 0.0050% / 4h	3h 34m	$4.2M	$76.3M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now +0.063%Rate

Funding earned: $37.8
Price spread: +0.063% → 0.000%: $6.33
Slippage, 4 orders: no order book: not counted
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $30.13
Costs to cover: 0.140%
Break-even: 1.4 days

Slippage unknown: Hotstuff: no order-book sample; edgeX: live order book, 5 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 edgeX live order book, 5 min ago	1.88 bp	6.4 bp −$6	6.4 bp −$64	10.1 bp −$1,005	doesn't fit

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	798.84	−0.054%	$47K	—	200x	as long as short
Kraken Futures PF_BNBUSD	−0.0121%	1h	798.94	−0.041%	$2.5M	$966K	50x	as long as short
Hotstuff BNB-PERPlong	−0.0080%	1h	799.27	long leg	$4K	$239	25x
BingX BNB-USDC	−0.0057%	8h	799.01	−0.033%	—	$13.4M	—	as long as short
Bybit BNBUSDT	−0.0028%	8h	798.58	−0.086%	$138.6M	$75.2M	75x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	799.67	+0.050%	$3.0M	$27.4M	10x	as long as short
StandX BNB-USD	0.0000%	1h	799.18	−0.011%	$864K	$2.9M	30x	as long as short
Phemex BNBUSDT	0.0000%	8h	799.48	+0.026%	$69.8M	$50.5M	50x	as long as short
Variational Omni BNB	+0.0004%	8h	798.73	−0.068%	$4.1M	$5.2M	—	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	798.86	−0.052%	$9.7M	—	150x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+0.728%	$19K	$789K	30x	as long as short
Coinbase International BNB-PERP-INTX	+0.0048%	1h	798.73	−0.068%	$602K	$972K	50x	as long as short
Aster BNBUSDT	+0.0063%	8h	799.33	+0.007%	$6.2M	$19.1M	200x	as long as short
Binance BNBUSDT	+0.0085%	8h	799.33	+0.007%	$496.2M	$807.2M	75x	as long as short
MEXC BNB_USDT	+0.0086%	8h	799.70	+0.054%	$83.1M	$13.5M	200x	as long as short
Gate BNB_USDT	+0.0087%	8h	798.75	−0.065%	$35.7M	$56.1M	75x	as long as short
Lighter BNB	+0.0096%	1h	799.21	−0.008%	$2.8M	$4.0M	20x	as long as short
Phoenix BNB	+0.0099%	1h	799.23	−0.005%	$172K	$36K	10x	as long as short
Nado BNB-PERP	+0.0100%	1h	798.60	−0.084%	$1.5M	$2.7M	20x	as long as short
Pacifica BNB	+0.0100%	1h	799.03	−0.030%	$1.2M	$924K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	798.70	−0.071%	$54.1M	$110.3M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	799.10	−0.021%	$53K	$133K	10x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	798.85	−0.053%	$28.0M	$10.0M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	798.54	−0.091%	$78.8M	$27.3M	75x	as long as short
edgeX BNBUSDCshort	+0.0100%	4h	799.78	+0.063%	$4.2M	$76.3M	30x
ApeX Omni BNBUSDT	+0.0100%	1h	799.32	+0.006%	$161K	$436K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	798.77	−0.063%	$116K	$873K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	798.87	−0.050%	$386K	$458K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	799.07	−0.025%	$32K	$5K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	799.34	+0.009%	$13K	$1.7M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	799.10	−0.021%	$393K	$1.0M	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	798.76	−0.064%	$8.2M	$8.2M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	799.45	+0.022%	$78K	$18K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	798.52	−0.094%	$1.8M	$6.3M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	798.96	−0.039%	$384K	$108K	10x	as long as short
Bulk BNB-USD	+0.0127%	1h	799.69	+0.052%	$649K	$10K	10x	as long as short
Hibachi BNB/USDT-P	+0.0152%	1h	799.31	+0.005%	$69K	$37K	12x	as long as short
Kalshi KXBNBPERP	+0.0153%	8h	799.40	+0.016%	$91K	$2.8M	4.8x	as long as short
RISEx BNB/USDC	+0.0155%	1h	798.99	−0.035%	$1.1M	$1.4M	20x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0200%	1h	799.40	+0.016%	$1.6M	$160K	25x	as long as short
BloFin BNB-USDT	+0.0206%	8h	799.45	+0.023%	$18.1M	$2.5M	75x	as long as short
01 Exchange BNBUSD	+0.0208%	1h	799.50	+0.029%	$28K	$1K	10x	as long as short
dYdX BNB-USD	+0.0253%	1h	798.87	−0.050%	$161K	$63K	10x	as long as short
Hyperliquid BNB	+0.0312%	1h	799.62	+0.044%	$53.2M	$20.6M	10x	as long as short
Reya BNBRUSDPERP	+0.0330%	1h	798.41	−0.107%	$6K	$3K	40x	as long as short
Backpack BNB_USDC_PERP	+0.0397%	1h	799.58	+0.039%	$2.7M	$5.6M	40x	as long as short