Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0182%/8h= +19.9% APRpaid last 24h +0.054%

Price spread now: Paradex against Hotstuff+0.041%7-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 Paradex

What this pair did over the last

the charts below follow

Funding, last 4 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 · Paradex: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Paradex is 0.041% dearer against Hotstuff than usual: you sell high and buy low: +$4 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hotstuff BNB-PERP	788.91	−0.0080	get 0.0010% / 1h	55m 15s	$4K	$239	25x
Short	Paradex BNB-USD-PERP	789.23	0.0102	get 0.0102% / 8h	5h 55m	$77K	$17K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex 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 ParadexbpOrdersPrice spread, now +0.041%Rate

Funding earned: $38.25
Price spread: +0.041% → 0.000%: $4.07
Slippage, 4 orders: no order book: not counted
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Fee Paradex: 2 bp × 2 orders: −$4
Net: $33.31
Costs to cover: 0.090%
Break-even: 0.9 days

Slippage unknown: Hotstuff: no order-book sample; Paradex: 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 Paradex no order-book sample	—	—	—	—	—

Hotstuff and Paradex: 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 45 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 −0.0167% / S +0.0335%	1h	788.05	−0.109%	$46K	—	200x	as long as short
Hotstuff BNB-PERPlong	−0.0080%	1h	788.91	long leg	$4K	$239	25x
StandX BNB-USD	0.0000%	1h	790.38	+0.186%	$854K	$3.2M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	788.03	−0.112%	$9.6M	—	150x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.051%	$19K	$789K	30x	as long as short
Aster BNBUSDT	+0.0036%	8h	788.83	−0.010%	$6.2M	$18.7M	200x	as long as short
Coinbase International BNB-PERP-INTX	+0.0048%	1h	789.66	+0.095%	$619K	$1.8M	50x	as long as short
BingX BNB-USDT	+0.0054%	8h	788.33	−0.074%	—	$34.5M	—	as long as short
Phemex BNBUSDT	+0.0060%	8h	788.69	−0.028%	$69.0M	$50.8M	50x	as long as short
Variational Omni BNB	+0.0066%	8h	789.32	+0.052%	$4.1M	$4.8M	—	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC BNB_USDT	+0.0069%	8h	789.00	+0.011%	$80.4M	$12.4M	200x	as long as short
Binance BNBUSDT	+0.0069%	8h	788.98	+0.009%	$494.0M	$808.6M	75x	as long as short
Gate BNB_USDT	+0.0081%	8h	788.10	−0.103%	$35.4M	$56.2M	75x	as long as short
Phoenix BNB	+0.0088%	1h	789.07	+0.020%	$170K	$35K	10x	as long as short
Kraken Futures PF_BNBUSD	+0.0091%	1h	788.10	−0.103%	$2.5M	$1.2M	50x	as long as short
Lighter BNB	+0.0096%	1h	788.67	−0.031%	$2.8M	$3.9M	20x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	788.07	−0.106%	$381K	$380K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	788.35	−0.071%	$1.5M	$2.6M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	788.68	−0.029%	$51.7M	$18.7M	10x	as long as short
Pacifica BNB	+0.0100%	1h	788.66	−0.032%	$1.2M	$909K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	788.43	−0.061%	$138.7M	$78.2M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	788.40	−0.065%	$53.3M	$112.4M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	788.70	−0.027%	$52K	$135K	10x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	787.94	−0.123%	$27.8M	$10.3M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	788.28	−0.080%	$76.9M	$30.0M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	789.15	+0.030%	$2.2M	$6.1M	40x	as long as short
edgeX BNBUSDC	+0.0100%	4h	788.30	−0.077%	$4.1M	$76.4M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	788.22	−0.087%	$158K	$439K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	788.00	−0.115%	$137K	$945K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	788.19	−0.091%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	788.92	+0.001%	$12K	$1.6M	50x	as long as short
HTX BNB-USDT	+0.0100%	8h	788.58	−0.042%	$8.1M	$9.0M	75x	as long as short
Paradex BNB-USD-PERPshort	+0.0102%	8h	789.23	+0.041%	$77K	$17K	50x
Extended BNB-USD	+0.0104%	1h	787.82	−0.138%	$1.8M	$5.9M	50x	as long as short
GRVT BNB_USDT_Perp	+0.0104%	8h	788.27	−0.080%	$2.9M	$27.9M	10x	as long as short
Aevo BNB-PERP	+0.0104%	1h	788.26	−0.083%	$379K	$110K	10x	as long as short
SoDEX BNB-USD	+0.0115%	1h	788.30	−0.077%	$388K	$1.0M	10x	as long as short
Kalshi KXBNBPERP	+0.0175%	8h	788.70	−0.027%	$91K	$2.8M	4.8x	as long as short
dYdX BNB-USD	+0.0219%	1h	788.97	+0.007%	$160K	$64K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	788.54	−0.046%	$1.5M	$160K	25x	as long as short
01 Exchange BNBUSD	+0.0320%	1h	789.04	+0.016%	$28K	$4K	10x	as long as short
Reya BNBRUSDPERP	+0.0328%	1h	787.81	−0.140%	$6K	$3K	40x	as long as short
Bulk BNB-USD	+0.0340%	1h	789.39	+0.061%	$639K	$13K	10x	as long as short
RISEx BNB/USDC	+0.0361%	1h	788.75	−0.021%	$1.1M	$1.1M	20x	as long as short
Hibachi BNB/USDT-P	+0.0544%	1h	789.41	+0.063%	$67K	$39K	12x	as long as short