Funding you earn now, next payment 11:00 UTC+0.0170%/8h= +18.6% APRpaid last 24h +0.051%
Price spread now: Phemex against Hotstuff+0.011%140s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=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. The two prices were read 140 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 | 788.09 | −0.0080 | get 0.0010% / 1h | 57m 03s | $4K | — | 25x |
| Short | Phemex BNBUSDT | 788.18 | 0.0090 | get 0.0090% / 8h | 5h 57m | $68.5M | $51.1M | 50x |
Hotstuff BNB-PERP
Phemex BNBUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against Hotstuff. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $35.71
- Price spread: +0.011% → 0.000%
- $1.14
- Slippage, 4 orders
- no order book: not counted
- Fee Hotstuff: 2.5 bp × 2 orders
- −$5
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- $19.85
- Costs to cover
- 0.170%
- Break-even
- 3.1 days
Slippage unknown: Hotstuff: no order-book sample; Phemex: 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 Phemex live order book, 5 min ago | 0.44 bp | 6.7 bp −$7 | 6.8 bp −$68 | 10.9 bp −$1,086 | 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 45 exchanges
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 −0.0166% / S +0.0336% | 1h | 787.51 | −0.074% | $43K | — | 200x | as long as short |
| Kraken Futures PF_BNBUSD | −0.0085% | 1h | 787.51 | −0.074% | $2.5M | $1.2M | 50x | as long as short |
| Hotstuff BNB-PERPlong | −0.0080% | 1h | 788.09 | long leg | $4K | — | 25x | |
| Aster BNBUSDT | 0.0000% | 8h | 788.08 | −0.001% | $6.0M | $17.1M | 200x | as long as short |
| GRVT BNB_USDT_Perp | 0.0000% | 8h | 787.97 | −0.015% | $2.9M | $26.4M | 10x | as long as short |
| Kalshi KXBNBPERP | 0.0000% | 8h | 787.90 | −0.024% | $139K | $2.5M | 4.8x | as long as short |
| StandX BNB-USD | 0.0000% | 1h | 788.38 | +0.037% | $850K | $2.9M | 30x | as long as short |
| gTrade (Gains Network) BNB/USD | L +0.0007% / S −0.0007% | 1h | 787.45 | −0.081% | $9.5M | — | 150x | as long as short |
| Binance BNBUSDT | +0.0017% | 8h | 788.09 | 0.000% | $481.8M | $767.3M | 75x | as long as short |
| MEXC BNB_USDT | +0.0017% | 8h | 789.40 | +0.166% | $83.4M | $11.7M | 200x | as long as short |
GMX BNB/USD [WBTC.b-USDC]
Kraken Futures PF_BNBUSD
Aster BNBUSDT
GRVT BNB_USDT_Perp
Kalshi KXBNBPERP
StandX BNB-USD
gTrade (Gains Network) BNB/USD
Binance BNBUSDT
MEXC BNB_USDTShow all 45 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective BNB/USDC PERP | +0.0033% | 1h | 805.09 | +2.157% | $19K | $789K | 30x | as long as short |
| Bybit BNBUSDT | +0.0052% | 8h | 787.20 | −0.113% | $138.6M | $67.2M | 75x | as long as short |
| BloFin BNB-USDT | +0.0067% | 8h | 788.01 | −0.010% | $18.4M | $2.2M | 75x | as long as short |
| Phemex BNBUSDTshort | +0.0090% | 8h | 788.18 | +0.011% | $68.5M | $51.1M | 50x | |
| Phoenix BNB | +0.0094% | 1h | 787.95 | −0.018% | $158K | $45K | 10x | as long as short |
| Lighter BNB | +0.0096% | 1h | 787.70 | −0.050% | $2.7M | $3.3M | 20x | as long as short |
| Nado BNB-PERP | +0.0100% | 1h | 787.15 | −0.119% | $1.4M | $2.4M | 20x | as long as short |
| Hyperliquid BNB | +0.0100% | 1h | 788.07 | −0.003% | $51.9M | $16.9M | 10x | as long as short |
| Pacifica BNB | +0.0100% | 1h | 787.66 | −0.055% | $1.2M | $932K | 20x | as long as short |
| OKX BNB-USDT-SWAP | +0.0100% | 8h | 787.40 | −0.088% | $53.3M | $102.3M | 50x | as long as short |
| Arcus BNB-USD | +0.0100% | 1h | 787.60 | −0.062% | $57K | $122K | 10x | as long as short |
| Gate BNB_USDT | +0.0100% | 8h | 787.55 | −0.069% | $41.1M | $53.7M | 75x | as long as short |
| KuCoin BNBUSDTM | +0.0100% | 8h | 787.41 | −0.086% | $28.2M | $9.6M | 75x | as long as short |
| Bitget BNBUSDT | +0.0100% | 8h | 787.37 | −0.091% | $75.7M | $30.8M | 75x | as long as short |
| BingX BNB-USDT | +0.0100% | 8h | 787.70 | −0.049% | — | $50.2M | — | as long as short |
| Backpack BNB_USDC_PERP | +0.0100% | 1h | 787.96 | −0.016% | $2.2M | $6.0M | 40x | as long as short |
| Variational Omni BNB | +0.0100% | 8h | 787.17 | −0.117% | $4.3M | $4.5M | — | as long as short |
| edgeX BNBUSDC | +0.0100% | 4h | 787.96 | −0.016% | $4.1M | $75.4M | 30x | as long as short |
| ApeX Omni BNBUSDT | +0.0100% | 1h | 787.98 | −0.014% | $159K | $444K | 50x | as long as short |
| Polymarket Perps BNB-USD | +0.0100% | 1h | 787.39 | −0.089% | $130K | $905K | 10x | as long as short |
| Orderly PERP_BNB_USDC | +0.0100% | 8h | 787.59 | −0.063% | $265K | $297K | 50x | as long as short |
| SunX BNB-USDT | +0.0100% | 8h | 787.90 | −0.024% | $12K | $1.3M | 50x | as long as short |
| SoDEX BNB-USD | +0.0100% | 1h | 787.70 | −0.049% | $387K | $926K | 10x | as long as short |
| Deribit BNB_USDC-PERPETUAL | +0.0100% | 1h | 787.91 | −0.023% | $1.5M | $157K | 25x | as long as short |
| HTX BNB-USDT | +0.0100% | 8h | 787.86 | −0.029% | $8.0M | $10.0M | 75x | as long as short |
| Paradex BNB-USD-PERP | +0.0100% | 8h | 787.85 | −0.031% | $78K | $356K | 50x | as long as short |
| Extended BNB-USD | +0.0104% | 1h | 787.09 | −0.127% | $1.8M | $5.6M | 50x | as long as short |
| Aevo BNB-PERP | +0.0104% | 1h | 787.52 | −0.073% | $378K | $110K | 10x | as long as short |
| Coinbase International BNB-PERP-INTX | +0.0120% | 1h | 788.03 | −0.008% | $545K | $1.9M | 50x | as long as short |
| 01 Exchange BNBUSD | +0.0240% | 1h | 787.88 | −0.027% | $28K | $3K | 10x | as long as short |
| Bulk BNB-USD | +0.0277% | 1h | 788.58 | +0.062% | $639K | $0 | 10x | as long as short |
| Reya BNBRUSDPERP | +0.0317% | 1h | 786.90 | −0.150% | $6K | $3K | 40x | as long as short |
| Hibachi BNB/USDT-P | +0.0320% | 1h | 787.75 | −0.044% | $67K | $37K | 12x | as long as short |
| RISEx BNB/USDC | +0.0393% | 1h | 787.84 | −0.031% | $1.1M | $901K | 20x | as long as short |
| dYdX BNB-USD | +0.1122% | 1h | 787.47 | −0.078% | $158K | $34K | 10x | as long as short |
Injective BNB/USDC PERP
Bybit BNBUSDT
BloFin BNB-USDT
Phoenix BNB
Lighter BNB
Nado BNB-PERP
Hyperliquid BNB
Pacifica BNB
OKX BNB-USDT-SWAP
Arcus BNB-USD
Gate BNB_USDT
KuCoin BNBUSDTM
Bitget BNBUSDT
BingX BNB-USDT
Backpack BNB_USDC_PERP
Variational Omni BNB
edgeX BNBUSDC
ApeX Omni BNBUSDT
Polymarket Perps BNB-USD
Orderly PERP_BNB_USDC
SunX BNB-USDT
SoDEX BNB-USD
Deribit BNB_USDC-PERPETUAL
HTX BNB-USDT
Paradex BNB-USD-PERP
Extended BNB-USD
Aevo BNB-PERP
Coinbase International BNB-PERP-INTX
01 Exchange BNBUSD
Bulk BNB-USD
Reya BNBRUSDPERP
Hibachi BNB/USDT-P
RISEx BNB/USDC
dYdX BNB-USD