BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0172%/8h= +18.9% APRnext payment +$0.22 per $10,000 · paid last 24h +0.061%

Price spread now: Phoenix against Hotstuff+0.094%53s7-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 Phoenix

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 · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Phoenix is 0.094% dearer against Hotstuff than usual: you sell high and buy low: +$9 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 53 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	789.66	−0.0080	get 0.0010% / 1h	50m 21s	$4K	$42	25x
Short	Phoenix BNB	790.40	0.0092	get 0.0012% / 1h	50m 21s	$170K	$35K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix 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 PhoenixbpOrdersPrice spread, now +0.094%Rate

Funding earned: $36.16
Price spread: +0.094% → 0.000%: $9.37
Slippage, 4 orders: no order book: not counted
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: $33.54
Costs to cover: 0.120%
Break-even: 0.5 days

Slippage unknown: Hotstuff: no order-book sample; Phoenix: live order book, 61 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 Phoenix live order book, 61 min ago	1.01 bp	12.4 bp −$12	43.2 bp −$432	doesn't fit	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 −0.0191% / S +0.0355%	1h	788.82	−0.106%	$46K	—	200x	as long as short
Kraken Futures PF_BNBUSD	−0.0124%	1h	788.89	−0.097%	$2.5M	$1.2M	50x	as long as short
Hotstuff BNB-PERPlong	−0.0080%	1h	789.66	long leg	$4K	$42	25x
Kalshi KXBNBPERP	0.0000%	8h	789.80	+0.018%	$135K	$2.7M	4.8x	as long as short
StandX BNB-USD	0.0000%	1h	790.39	+0.092%	$852K	$3.2M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	788.89	−0.098%	$9.5M	—	150x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+1.954%	$19K	$789K	30x	as long as short
Aster BNBUSDT	+0.0036%	8h	789.49	−0.021%	$6.1M	$18.8M	200x	as long as short
BingX BNB-USDC	+0.0046%	8h	789.60	−0.008%	—	$13.4M	—	as long as short
Binance BNBUSDT	+0.0056%	8h	789.45	−0.026%	$493.1M	$795.2M	75x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC BNB_USDT	+0.0056%	8h	789.80	+0.018%	$80.1M	$12.0M	200x	as long as short
Phemex BNBUSDT	+0.0062%	8h	789.41	−0.032%	$69.0M	$50.3M	50x	as long as short
Coinbase International BNB-PERP-INTX	+0.0072%	1h	790.26	+0.076%	$580K	$1.9M	50x	as long as short
Phoenix BNBshort	+0.0092%	1h	790.40	+0.094%	$170K	$35K	10x
Lighter BNB	+0.0096%	1h	789.22	−0.056%	$2.8M	$3.8M	20x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	788.79	−0.110%	$265K	$492K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	789.05	−0.077%	$1.5M	$2.6M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	789.47	−0.024%	$51.8M	$17.5M	10x	as long as short
Pacifica BNB	+0.0100%	1h	789.22	−0.056%	$1.2M	$931K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	788.80	−0.109%	$138.8M	$74.1M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	788.60	−0.134%	$53.4M	$111.9M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	789.10	−0.071%	$52K	$133K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	788.90	−0.096%	$35.8M	$56.7M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	788.74	−0.117%	$28.1M	$10.2M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	788.39	−0.161%	$76.3M	$30.4M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	789.55	−0.014%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	789.31	−0.044%	$4.1M	$4.8M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	790.26	+0.076%	$4.1M	$73.5M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	790.15	+0.062%	$159K	$440K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	788.76	−0.114%	$130K	$955K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	788.92	−0.093%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	789.50	−0.020%	$12K	$1.5M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	789.00	−0.084%	$388K	$1.0M	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	789.27	−0.050%	$8.1M	$9.6M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	789.27	−0.049%	$77K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	788.48	−0.149%	$1.9M	$6.2M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	788.78	−0.111%	$379K	$110K	10x	as long as short
dYdX BNB-USD	+0.0116%	1h	789.27	−0.050%	$160K	$64K	10x	as long as short
GRVT BNB_USDT_Perp	+0.0169%	8h	790.73	+0.135%	$3.0M	$28.6M	10x	as long as short
BloFin BNB-USDT	+0.0177%	8h	789.73	+0.009%	$18.1M	$2.2M	75x	as long as short
Bulk BNB-USD	+0.0234%	1h	790.66	+0.127%	$640K	$9K	10x	as long as short
01 Exchange BNBUSD	+0.0264%	1h	789.57	−0.011%	$28K	$4K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	789.24	−0.053%	$1.5M	$143K	25x	as long as short
Reya BNBRUSDPERP	+0.0325%	1h	788.66	−0.127%	$6K	$3K	40x	as long as short
Hibachi BNB/USDT-P	+0.0384%	1h	789.79	+0.016%	$67K	$39K	12x	as long as short
RISEx BNB/USDC	+0.0431%	1h	789.37	−0.037%	$1.1M	$892K	20x	as long as short