BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0291%/8h= −31.9% APRnext payment −$0.36 per $10,000 · paid last 24h −0.071%

Price spread now: GMX against Hotstuff−0.097%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 GMX

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

Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and GMX is 0.097% cheaper against Hotstuff than usual: you would sell low and buy high (−$10 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hotstuff BNB-PERP	805.11	−0.0080	get 0.0010% / 1h	6m 50s	$4K	$1K	25x
Short	GMX BNB/USD [WBTC.b-USDC]	804.33	L −0.0195% / S +0.0371%	pay 0.0046% / 1h	6m 50s	$49K	—	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX 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 GMXbpOrdersPrice spread, now −0.097%Rate

Funding earned: −$61.21
Price spread: −0.097% → 0.000%: −$9.68
Slippage, 4 orders: no order book: not counted
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Fee GMX: 6 bp × 2 orders: −$12
Net: −$87.89
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Hotstuff: no order-book sample; GMX: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Hotstuff no order-book sample	—	—	—	—	—
Sell GMX no order-book sample	—	—	—	—	—

Hotstuff and GMX: 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]short	L −0.0195% / S +0.0371%	1h	804.33	−0.097%	$49K	—	200x
Hotstuff BNB-PERPlong	−0.0080%	1h	805.11	long leg	$4K	$1K	25x
GRVT BNB_USDT_Perp	0.0000%	8h	805.17	+0.008%	$3.0M	$29.5M	10x	as long as short
Kalshi KXBNBPERP	0.0000%	8h	805.10	−0.001%	$114K	$2.5M	4.8x	as long as short
StandX BNB-USD	0.0000%	1h	804.76	−0.043%	$870K	$2.8M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	804.40	−0.088%	$9.8M	—	150x	as long as short
Kraken Futures PF_BNBUSD	+0.0038%	1h	804.15	−0.120%	$2.5M	$919K	50x	as long as short
Variational Omni BNB	+0.0049%	8h	804.63	−0.060%	$4.1M	$5.4M	—	as long as short
BingX BNB-USDC	+0.0055%	8h	804.59	−0.065%	—	$13.3M	—	as long as short
Bybit BNBUSDT	+0.0080%	8h	803.82	−0.160%	$139.5M	$81.7M	75x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International BNB-PERP-INTX	+0.0088%	1h	805.15	+0.005%	$608K	$881K	50x	as long as short
Lighter BNB	+0.0096%	1h	804.49	−0.077%	$2.8M	$4.2M	20x	as long as short
Aster BNBUSDT	+0.0098%	8h	804.94	−0.021%	$6.4M	$18.9M	200x	as long as short
Nado BNB-PERP	+0.0100%	1h	804.23	−0.110%	$1.5M	$2.8M	20x	as long as short
Pacifica BNB	+0.0100%	1h	804.82	−0.036%	$1.2M	$924K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	804.00	−0.138%	$55.1M	$116.0M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	805.00	−0.014%	$53K	$170K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	804.10	−0.125%	$36.1M	$59.2M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	804.20	−0.113%	$28.2M	$10.5M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	803.86	−0.155%	$78.9M	$24.8M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	805.38	+0.033%	$4.2M	$76.4M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	804.81	−0.037%	$159K	$436K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	804.38	−0.091%	$116K	$873K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	804.38	−0.091%	$389K	$592K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	804.58	−0.066%	$32K	$5K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	805.05	−0.007%	$13K	$1.7M	50x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0100%	1h	804.85	−0.033%	$1.6M	$165K	25x	as long as short
HTX BNB-USDT	+0.0100%	8h	804.90	−0.026%	$8.2M	$7.5M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	805.30	+0.024%	$79K	$19K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	803.85	−0.157%	$1.9M	$5.9M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	804.49	−0.076%	$386K	$40K	10x	as long as short
MEXC BNB_USDT	+0.0115%	8h	805.10	−0.001%	$84.5M	$13.7M	200x	as long as short
Binance BNBUSDT	+0.0115%	8h	804.85	−0.032%	$520.0M	$805.5M	75x	as long as short
Phoenix BNB	+0.0125%	1h	805.62	+0.063%	$173K	$35K	10x	as long as short
Phemex BNBUSDT	+0.0137%	8h	804.88	−0.029%	$70.2M	$51.8M	50x	as long as short
SoDEX BNB-USD	+0.0191%	1h	804.30	−0.101%	$396K	$1.0M	10x	as long as short
Hyperliquid BNB	+0.0204%	1h	804.84	−0.034%	$51.8M	$22.0M	10x	as long as short
RISEx BNB/USDC	+0.0209%	1h	804.86	−0.032%	$1.1M	$1.4M	20x	as long as short
dYdX BNB-USD	+0.0235%	1h	804.12	−0.123%	$170K	$55K	10x	as long as short
BloFin BNB-USDT	+0.0235%	8h	805.16	+0.006%	$18.9M	$3.1M	75x	as long as short
Hibachi BNB/USDT-P	+0.0256%	1h	804.99	−0.015%	$71K	$48K	12x	as long as short
Bulk BNB-USD	+0.0258%	1h	805.37	+0.032%	$651K	$14K	10x	as long as short
Reya BNBRUSDPERP	+0.0334%	1h	804.08	−0.128%	$6K	$3K	40x	as long as short
01 Exchange BNBUSD	+0.0344%	1h	805.39	+0.035%	$28K	$1K	10x	as long as short
Injective BNB/USDC PERP	+0.0353%	1h	804.89	−0.027%	$19K	$627K	30x	as long as short
Backpack BNB_USDC_PERP	+0.0650%	1h	805.27	+0.020%	$3.0M	$5.5M	40x	as long as short