Funding arb · Price arb /

BNB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0180%/8h= +19.7% APRpaid last 24h +0.054%

Price spread now: HTX against Hotstuff−0.016%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 HTX

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: +$5 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	800.40	−0.0080	get 0.0010% / 1h	3m 57s	$4K	$1K	25x
Short	HTX BNB-USDT	800.27	0.0100	get 0.0100% / 8h	1h 03m	$8.2M	$7.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now −0.016%Rate

Funding earned: $37.8
Price spread: −0.016% → 0.000%: −$1.65
Slippage, 4 orders: no order book: not counted
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Fee HTX: 6 bp × 2 orders: −$12
Net: $19.15
Costs to cover: 0.170%
Break-even: 3.5 days

Slippage unknown: Hotstuff: no order-book sample; HTX: 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 HTX live order book, 5 min ago	0.79 bp	8.6 bp −$9	10.9 bp −$109	43.9 bp −$4,390	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 −0.0201% / S +0.0372%	1h	799.85	−0.068%	$47K	—	200x	as long as short
Hotstuff BNB-PERPlong	−0.0080%	1h	800.40	long leg	$4K	$1K	25x
GRVT BNB_USDT_Perp	0.0000%	8h	800.27	−0.016%	$3.0M	$29.0M	10x	as long as short
StandX BNB-USD	0.0000%	1h	800.47	+0.009%	$865K	$2.9M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	799.94	−0.057%	$9.7M	—	150x	as long as short
Variational Omni BNB	+0.0028%	8h	798.74	−0.207%	$4.2M	$5.4M	—	as long as short
BingX BNB-USDT	+0.0052%	8h	800.04	−0.045%	—	$34.8M	—	as long as short
Bybit BNBUSDT	+0.0065%	8h	799.75	−0.081%	$139.0M	$78.6M	75x	as long as short
Lighter BNB	+0.0096%	1h	800.30	−0.013%	$2.8M	$4.2M	20x	as long as short
Coinbase International BNB-PERP-INTX	+0.0096%	1h	799.17	−0.154%	$605K	$994K	50x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster BNBUSDT	+0.0097%	8h	800.72	+0.040%	$6.3M	$18.9M	200x	as long as short
Nado BNB-PERP	+0.0100%	1h	799.64	−0.095%	$1.4M	$2.7M	20x	as long as short
Pacifica BNB	+0.0100%	1h	800.12	−0.035%	$1.2M	$926K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	799.80	−0.075%	$54.6M	$113.6M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	800.40	0.000%	$53K	$151K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	799.70	−0.087%	$35.7M	$59.1M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	799.94	−0.057%	$28.0M	$10.3M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	800.03	−0.046%	$80.7M	$26.6M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	799.61	−0.099%	$4.2M	$77.5M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	800.21	−0.024%	$161K	$442K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	799.83	−0.071%	$121K	$872K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	799.90	−0.062%	$387K	$489K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	800.14	−0.032%	$32K	$5K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	800.52	+0.015%	$13K	$1.7M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	800.10	−0.037%	$393K	$1.0M	10x	as long as short
HTX BNB-USDTshort	+0.0100%	8h	800.27	−0.016%	$8.2M	$7.9M	75x
Paradex BNB-USD-PERP	+0.0100%	8h	800.58	+0.022%	$78K	$19K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	799.73	−0.084%	$1.9M	$6.3M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	800.08	−0.040%	$384K	$40K	10x	as long as short
Kalshi KXBNBPERP	+0.0107%	8h	800.50	+0.012%	$110K	$2.9M	4.8x	as long as short
MEXC BNB_USDT	+0.0116%	8h	801.00	+0.075%	$83.2M	$13.9M	200x	as long as short
Phemex BNBUSDT	+0.0116%	8h	800.50	+0.012%	$70.0M	$51.1M	50x	as long as short
Binance BNBUSDT	+0.0117%	8h	800.74	+0.042%	$500.9M	$818.3M	75x	as long as short
Phoenix BNB	+0.0155%	1h	800.03	−0.046%	$172K	$35K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0200%	1h	800.39	−0.002%	$1.6M	$165K	25x	as long as short
Kraken Futures PF_BNBUSD	+0.0207%	1h	799.91	−0.062%	$2.6M	$965K	50x	as long as short
Hibachi BNB/USDT-P	+0.0232%	1h	799.88	−0.066%	$71K	$48K	12x	as long as short
BloFin BNB-USDT	+0.0237%	8h	800.44	+0.005%	$18.3M	$2.5M	75x	as long as short
Bulk BNB-USD	+0.0298%	1h	800.20	−0.024%	$650K	$21K	10x	as long as short
Injective BNB/USDC PERP	+0.0311%	1h	805.09	+0.586%	$19K	$789K	30x	as long as short
Hyperliquid BNB	+0.0316%	1h	800.81	+0.051%	$51.8M	$21.6M	10x	as long as short
RISEx BNB/USDC	+0.0318%	1h	800.14	−0.033%	$1.1M	$1.4M	20x	as long as short
01 Exchange BNBUSD	+0.0320%	1h	800.82	+0.052%	$28K	$1K	10x	as long as short
Reya BNBRUSDPERP	+0.0332%	1h	799.52	−0.110%	$6K	$3K	40x	as long as short
dYdX BNB-USD	+0.0359%	1h	799.99	−0.051%	$161K	$62K	10x	as long as short
Backpack BNB_USDC_PERP	+0.0561%	1h	800.88	+0.060%	$2.7M	$5.7M	40x	as long as short