After costs, if the gap returns to its 7d average, $10k−$53
spread now−0.292%7d average+0.058%fees + slippage, in and out−$18spread needed0.175%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid BNB | 799.05 | 0.0355 | pay 0.0044% / 1h | 9m 16s | $50.6M | $19.8M | 10x |
| Short | Bulk BNB-USD | 796.72 | 0.0428 | get 0.0054% / 1h | 9m 16s | $635K | $84K | 10x |
Price spread history
latest
Range statsloading…
How often the spread is this wide
share of time at each level, last 7DBacktest
opened in the past, held until now, after costsProfit calculator
- Spread captured
- −$29.16
- Funding while held
- $2.19
- Slippage, 4 orders
- −$1.51
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Bulk: 3.5 bp × 2 orders
- −$7
- Net
- −$44.48
- Spread needed to break even
- 0.175%
Slippage from Hyperliquid: live order book, 6 min ago; Bulk: live order book, 46 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0073%
- Per $10,000 a day
- +$2.19
- Average in range /8h
- —
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 Hyperliquid live order book, 6 min ago | 0.13 bp | 5.8 bp −$6 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bulk live order book, 46 min ago | 0.06 bp | 3.6 bp −$4 | 4.5 bp −$45 | 8.3 bp −$825 | 22.3 bp −$11.2K |
BNB price on every exchange
against the cheapest. Click to use as the short leg.BNB on 44 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective BNB/USDC PERP | −3.846% | +0.0033% | 1h | $18K | $464K | 30x | as long as short |
| Coinbase International BNB-PERP-INTX | −0.389% | +0.0072% | 1h | $600K | $854K | 50x | as long as short |
| Phoenix BNB | −0.340% | +0.0125% | 1h | $170K | $52K | 10x | as long as short |
| edgeX BNBUSDC | −0.336% | +0.0100% | 4h | $4.1M | $68.2M | 30x | as long as short |
| Variational Omni BNB | −0.322% | +0.0008% | 8h | $4.4M | $6.1M | — | as long as short |
| Bulk BNB-USDshort | −0.292% | +0.0428% | 1h | $635K | $84K | 10x | |
| ApeX Omni BNBUSDT | −0.279% | +0.0100% | 1h | $173K | $421K | 50x | as long as short |
| Hibachi BNB/USDT-P | −0.263% | +0.0456% | 1h | $71K | $40K | 12x | as long as short |
| Extended BNB-USD | −0.179% | +0.0104% | 1h | $2.0M | $5.8M | 50x | as long as short |
| dYdX BNB-USD | −0.176% | +0.0656% | 1h | $173K | $54K | 10x | as long as short |
Show all 44 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| StandX BNB-USD | −0.158% | 0.0000% | 1h | $863K | $3.4M | 30x | as long as short |
| Derive BNB-PERP | −0.156% | +0.0100% | 1h | $32K | $5K | 10x | as long as short |
| Nado BNB-PERP | −0.150% | +0.0100% | 1h | $1.5M | $2.9M | 20x | as long as short |
| OKX BNB-USDT-SWAP | −0.144% | +0.0100% | 8h | $53.7M | $102.1M | 50x | as long as short |
| Bybit BNBUSDT | −0.131% | +0.0025% | 8h | $139.3M | $83.7M | 75x | as long as short |
| gTrade (Gains Network) BNB/USD | −0.119% | L +0.0008% / S −0.0008% | 1h | $9.7M | — | 150x | as long as short |
| Kraken Futures PF_BNBUSD | −0.114% | +0.0071% | 1h | $2.5M | $789K | 50x | as long as short |
| Reya BNBRUSDPERP | −0.110% | +0.0325% | 1h | $9K | — | 40x | as long as short |
| Bitget BNBUSDT | −0.109% | +0.0100% | 8h | $76.9M | $22.1M | 75x | as long as short |
| GMX BNB/USD [WBTC.b-USDC] | −0.103% | L +0.0029% / S +0.0175% | 1h | $54K | — | 200x | as long as short |
| Hotstuff BNB-PERP | −0.099% | −0.0080% | 1h | $4K | $1K | 25x | as long as short |
| Pacifica BNB | −0.095% | +0.0100% | 1h | $1.2M | $803K | 20x | as long as short |
| Arcus BNB-USD | −0.094% | +0.0100% | 1h | $52K | $241K | 10x | as long as short |
| RISEx BNB/USDC | −0.091% | +0.0132% | 1h | $1.2M | $1.5M | 20x | as long as short |
| Aevo BNB-PERP | −0.088% | +0.0104% | 1h | $383K | $37K | 10x | as long as short |
| HTX BNB-USDT | −0.087% | +0.0100% | 8h | $8.2M | $4.3M | 75x | as long as short |
| KuCoin BNBUSDTM | −0.084% | +0.0100% | 8h | $28.5M | $10.0M | 75x | as long as short |
| Polymarket Perps BNB-USD | −0.081% | +0.0100% | 1h | $104K | $845K | 10x | as long as short |
| SoDEX BNB-USD | −0.081% | +0.0171% | 1h | $393K | $1.0M | 10x | as long as short |
| Orderly PERP_BNB_USDC | −0.080% | +0.0100% | 8h | $298K | $643K | 50x | as long as short |
| Gate BNB_USDT | −0.075% | +0.0100% | 8h | $36.2M | $55.8M | 75x | as long as short |
| Backpack BNB_USDC_PERP | −0.075% | +0.0243% | 1h | $2.6M | $2.3M | 40x | as long as short |
| BingX BNB-USDT | −0.070% | +0.0016% | 8h | — | $32.9M | — | as long as short |
| Lighter BNB | −0.067% | +0.0096% | 1h | $2.7M | $3.1M | 20x | as long as short |
| Paradex BNB-USD-PERP | −0.046% | +0.0100% | 8h | $78K | $729K | 50x | as long as short |
| Kalshi KXBNBPERP | −0.044% | 0.0000% | 8h | $165K | $2.5M | 4.8x | as long as short |
| Deribit BNB_USDC-PERPETUAL | −0.042% | +0.0300% | 1h | $1.5M | $151K | 25x | as long as short |
| SunX BNB-USDT | −0.030% | +0.0100% | 8h | $13K | $1.6M | 50x | as long as short |
| Aster BNBUSDT | −0.027% | +0.0103% | 8h | $6.1M | $18.6M | 200x | as long as short |
| Phemex BNBUSDT | −0.026% | +0.0093% | 8h | $70.5M | $52.6M | 50x | as long as short |
| Binance BNBUSDT | −0.022% | +0.0095% | 8h | $518.3M | $731.4M | 75x | as long as short |
| BloFin BNB-USDT | −0.002% | +0.0215% | 8h | $19.2M | $2.8M | 75x | as long as short |
| Hyperliquid BNBlong | 0.000% | +0.0355% | 1h | $50.6M | $19.8M | 10x | |
| MEXC BNB_USDT | +0.132% | +0.0093% | 8h | $84.9M | $15.2M | 200x | as long as short |
Hyperliquid BNB
Bulk BNB-USD
Injective
Coinbase International
Phoenix
Variational Omni
ApeX Omni
Extended
StandX
Derive
OKX
Bybit
gTrade (Gains Network)
Kraken Futures
Bitget
GMX
Pacifica
RISEx
HTX
KuCoin
Polymarket Perps
SoDEX
Gate
Backpack
BingX
Lighter
Paradex
Deribit
SunX
Aster
Phemex
Binance
BloFin
MEXC