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Funding arb · Price arb /

BNB

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Alert: funding
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Alert: spread
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Funding you earn now, next payment 22:00 UTC−0.0084%/8h= −9.2% APRpaid last 24h −0.058%
Price spread now: OKX against Hyperliquid−0.105%7-day average −0.044% · you buy dearer than you sell
Net, funding: paid 7d − costs−$29as in the Funding arb table
Net, price: spread back to 7d avg − costs−$30as in the Price arb table
costs, in and out, $10k−$240.237% of the position
Long on HyperliquidShort on OKX
What this pair did over the last
the charts below follow
Funding, last 7 days−0.057%−$6 on $10k
Price spread, last 7 days+0.088%+$9 · spread now −0.105%, 7d avg −0.044%
Together, before fees+0.030%+ Points / potential airdropHyperliquid: Season 2 · farm board+$3 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and OKX is 0.062% cheaper against Hyperliquid than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of −0.044%). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid BNB807.050.0184pay 0.0023% / 1h22m 10s$51.9M$21.4M10x
ShortOKX BNB-USDT-SWAP806.200.0100get 0.0100% / 8h2h 22m$55.2M$115.9M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

OKX against Hyperliquid. 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

Funding earned
−$17.63
Price spread: −0.105% → −0.044%
−$6.18
Slippage, 4 orders
−$4.74
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee OKX: 5 bp × 2 orders
−$10
Net
−$47.54
Costs to cover
0.237%
Break-even
never at this rate
Slippage from Hyperliquid: live order book, 11 min ago; OKX: live order book, 2 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Hyperliquid live order book, 11 min ago0.31 bp6.1 bp −$68.8 bp −$88doesn't fitdoesn't fit
Sell OKX live order book, 2 min ago0.62 bp5.6 bp −$66.8 bp −$6818.6 bp −$1,865doesn't fit

BNB on 46 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GMX BNB/USD [WBTC.b-USDC]L −0.0195% / S +0.0371%1h806.33−0.089%$49K—200xas long as short
Hotstuff BNB-PERP−0.0080%1h806.58−0.058%$4K$1K25xas long as short
GRVT BNB_USDT_Perp0.0000%8h805.40−0.204%$3.0M$29.4M10xas long as short
Kalshi KXBNBPERP0.0000%8h806.70−0.043%$113K$2.5M4.8xas long as short
StandX BNB-USD0.0000%1h805.99−0.131%$871K$2.9M30xas long as short
gTrade (Gains Network) BNB/USDL +0.0008% / S −0.0007%1h806.36−0.085%$9.8M—150xas long as short
Kraken Futures PF_BNBUSD+0.0038%1h806.34−0.088%$2.5M$908K50xas long as short
Variational Omni BNB+0.0048%8h805.22−0.227%$4.0M$5.4M—as long as short
BingX BNB-USDT+0.0054%8h806.45−0.074%—$34.5M—as long as short
Bybit BNBUSDT+0.0077%8h806.00−0.130%$139.8M$82.5M75xas long as short
Show all 46 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Coinbase International BNB-PERP-INTX+0.0088%1h804.80−0.279%$609K$879K50xas long as short
Aster BNBUSDT+0.0096%8h807.07+0.002%$6.4M$18.8M200xas long as short
Lighter BNB+0.0096%1h806.65−0.050%$2.8M$4.2M20xas long as short
Nado BNB-PERP+0.0100%1h805.87−0.146%$1.4M$2.8M20xas long as short
Pacifica BNB+0.0100%1h806.32−0.090%$1.2M$923K20xas long as short
OKX BNB-USDT-SWAPshort+0.0100%8h806.20−0.105%$55.2M$115.9M50x
Arcus BNB-USD+0.0100%1h806.50−0.068%$53K$168K10xas long as short
Gate BNB_USDT+0.0100%8h806.25−0.099%$36.1M$58.7M75xas long as short
KuCoin BNBUSDTM+0.0100%8h806.19−0.107%$28.2M$10.5M75xas long as short
Bitget BNBUSDT+0.0100%8h806.04−0.125%$79.3M$24.6M75xas long as short
edgeX BNBUSDC+0.0100%4h805.49−0.194%$4.2M$76.8M30xas long as short
ApeX Omni BNBUSDT+0.0100%1h805.60−0.180%$159K$438K50xas long as short
Polymarket Perps BNB-USD+0.0100%1h806.24−0.100%$119K$868K10xas long as short
Orderly PERP_BNB_USDC+0.0100%8h806.42−0.078%$390K$593K50xas long as short
Derive BNB-PERP+0.0100%1h806.57−0.060%$32K$5K10xas long as short
SunX BNB-USDT+0.0100%8h807.04−0.001%$13K$1.7M50xas long as short
Deribit BNB_USDC-PERPETUAL+0.0100%1h806.90−0.019%$1.6M$165K25xas long as short
HTX BNB-USDT+0.0100%8h806.18−0.107%$8.2M$7.5M75xas long as short
Paradex BNB-USD-PERP+0.0100%8h806.91−0.018%$79K$19K50xas long as short
Extended BNB-USD+0.0104%1h806.06−0.123%$1.9M$6.1M50xas long as short
Aevo BNB-PERP+0.0104%1h806.42−0.078%$387K$40K10xas long as short
MEXC BNB_USDT+0.0110%8h807.40+0.043%$84.7M$13.6M200xas long as short
Binance BNBUSDT+0.0112%8h807.07+0.002%$521.2M$804.4M75xas long as short
Phemex BNBUSDT+0.0124%8h807.02−0.004%$70.4M$51.8M50xas long as short
Phoenix BNB+0.0125%1h805.78−0.157%$173K$35K10xas long as short
Hyperliquid BNBlong+0.0184%1h807.05long leg$51.9M$21.4M10x
Bulk BNB-USD+0.0197%1h804.34−0.336%$650K$11K10xas long as short
SoDEX BNB-USD+0.0207%1h806.40−0.081%$396K$1.0M10xas long as short
RISEx BNB/USDC+0.0209%1h806.35−0.087%$1.2M$1.5M20xas long as short
BloFin BNB-USDT+0.0231%8h806.77−0.035%$18.8M$3.1M75xas long as short
Hibachi BNB/USDT-P+0.0240%1h806.21−0.104%$71K$48K12xas long as short
dYdX BNB-USD+0.0253%1h805.64−0.175%$170K$55K10xas long as short
Reya BNBRUSDPERP+0.0334%1h806.07−0.121%$6K$3K40xas long as short
01 Exchange BNBUSD+0.0344%1h807.09+0.005%$29K$1K10xas long as short
Injective BNB/USDC PERP+0.0353%1h804.89−0.268%$19K$627K30xas long as short
Backpack BNB_USDC_PERP+0.0650%1h807.32+0.033%$3.0M$5.5M40xas long as short