data as of
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Price arb /

BNB

all BNB markets
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

After costs, if the gap returns to its 7d average, $10k−$47
spread now−0.065%7d average+0.055%fees + slippage, in and out−$35spread needed0.355%
Long on HyperliquidShort on Phoenix
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid BNB795.100.0482pay 0.0060% / 1h58m 21s$50.3M$18.7M10x
ShortPhoenix BNB794.580.0123get 0.0015% / 1h58m 21s$169K$50K10x

Price spread history

latest
Range statsloading…

How often the spread is this wide

share of time at each level, last 7D

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Spread captured
−$6.54
Funding while held
−$10.77
Slippage, 4 orders
−$19.47
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee Phoenix: 3.5 bp × 2 orders
−$7
Net
−$52.78
Spread needed to break even
0.355%
Slippage from Hyperliquid: live order book, 7 min ago; Phoenix: live order book, 58 min ago.

Cost of waiting

funding view
Funding /8h
−0.0359%
Per $10,000 a day
−$10.77
Average in range /8h
—

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, 7 min ago0.25 bp5.0 bp −$5doesn't fitdoesn't fitdoesn't fit
Sell Phoenix live order book, 58 min ago1.01 bp12.4 bp −$1243.2 bp −$432doesn't fitdoesn't fit

BNB price on every exchange

against the cheapest. Click to use as the short leg.
Injective768.32cheapestApeX Omni791.96+3.077%Bulk792.93+3.204%Nado793.86+3.324%Extended793.94+3.335%dYdX793.96+3.337%Lighter794.00+3.342%RISEx794.08+3.353%Reya794.11+3.357%Bitget794.13+3.359%BingX794.18+3.366%Bybit794.20+3.368%OKX794.20+3.368%Pacifica794.33+3.385%Arcus794.40+3.394%Variational Omni794.43+3.399%Gate794.45+3.401%Paradex794.49+3.406%HTX794.50+3.407%Hibachi794.52+3.410%Aevo794.53+3.411%gTrade (Gains Network)794.54+3.413%GMX794.56+3.415%Orderly794.57+3.417%
Phoenix794.58+3.418%
Derive794.58+3.418%KuCoin794.63+3.424%Hotstuff794.66+3.428%StandX794.66+3.428%Polymarket Perps794.68+3.431%Kraken Futures794.68+3.431%Backpack794.70+3.433%Coinbase International794.70+3.433%Kalshi794.80+3.446%SoDEX794.80+3.446%Deribit794.96+3.467%Aster794.96+3.468%Binance795.09+3.484%
Hyperliquid795.10+3.486%
BloFin795.33+3.515%Phemex795.40+3.525%SunX795.42+3.527%edgeX795.58+3.548%MEXC796.00+3.603%

BNB on 44 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Injective BNB/USDC PERP−3.368%+0.0033%1h$18K$464K30xas long as short
ApeX Omni BNBUSDT−0.395%+0.0100%1h$187K$416K50xas long as short
Bulk BNB-USD−0.272%+0.0281%1h$632K$35K10xas long as short
Nado BNB-PERP−0.156%+0.0100%1h$1.5M$2.6M20xas long as short
Extended BNB-USD−0.146%+0.0104%1h$2.1M$5.4M50xas long as short
dYdX BNB-USD−0.143%+0.0982%1h$173K$53K10xas long as short
Lighter BNB−0.139%+0.0096%1h$2.7M$2.7M20xas long as short
RISEx BNB/USDC−0.128%+0.0132%1h$1.2M$1.5M20xas long as short
Reya BNBRUSDPERP−0.124%+0.0324%1h$9K—40xas long as short
Bitget BNBUSDT−0.122%+0.0100%8h$76.2M$18.8M75xas long as short
Show all 44 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
BingX BNB-USDC−0.116%−0.0058%8h—$13.1M—as long as short
Bybit BNBUSDT−0.113%−0.0055%8h$137.9M$78.9M75xas long as short
OKX BNB-USDT-SWAP−0.113%+0.0100%8h$53.0M$92.8M50xas long as short
Pacifica BNB−0.097%+0.0100%1h$1.2M$603K20xas long as short
Arcus BNB-USD−0.088%+0.0100%1h$51K$241K10xas long as short
Variational Omni BNB−0.084%−0.0037%8h$4.4M$6.2M—as long as short
Gate BNB_USDT−0.082%+0.0100%8h$35.8M$52.7M75xas long as short
Paradex BNB-USD-PERP−0.077%+0.0100%8h$79K$821K50xas long as short
HTX BNB-USDT−0.076%+0.0100%8h$8.2M$3.7M75xas long as short
Hibachi BNB/USDT-P−0.073%+0.0200%1h$71K$36K12xas long as short
Aevo BNB-PERP−0.072%+0.0104%1h$382K$36K10xas long as short
gTrade (Gains Network) BNB/USD−0.070%L +0.0008% / S −0.0008%1h$9.7M—150xas long as short
GMX BNB/USD [WBTC.b-USDC]−0.068%L +0.0028% / S +0.0176%1h$54K—200xas long as short
Orderly PERP_BNB_USDC−0.067%+0.0100%8h$297K$646K50xas long as short
Phoenix BNBshort−0.065%+0.0123%1h$169K$50K10x
Derive BNB-PERP−0.065%+0.0100%1h$30K$2K10xas long as short
KuCoin BNBUSDTM−0.059%+0.0100%8h$28.8M$9.5M75xas long as short
Hotstuff BNB-PERP−0.055%−0.0080%1h$4K$1K25xas long as short
StandX BNB-USD−0.055%0.0000%1h$860K$3.3M30xas long as short
Polymarket Perps BNB-USD−0.053%+0.0100%1h$97K$804K10xas long as short
Kraken Futures PF_BNBUSD−0.052%+0.0071%1h$2.5M$710K50xas long as short
Backpack BNB_USDC_PERP−0.050%+0.0100%1h$2.2M$1.0M40xas long as short
Coinbase International BNB-PERP-INTX−0.050%+0.0072%1h$602K$851K50xas long as short
Kalshi KXBNBPERP−0.038%0.0000%8h$149K$2.4M4.8xas long as short
SoDEX BNB-USD−0.038%+0.0187%1h$392K$1.0M10xas long as short
Deribit BNB_USDC-PERPETUAL−0.017%+0.0400%1h$1.6M$134K25xas long as short
Aster BNBUSDT−0.017%+0.0078%8h$6.1M$17.5M200xas long as short
Binance BNBUSDT−0.001%+0.0074%8h$512.4M$677.2M75xas long as short
Hyperliquid BNBlong0.000%+0.0482%1h$50.3M$18.7M10x
BloFin BNB-USDT+0.029%+0.0194%8h$18.7M$2.8M75xas long as short
Phemex BNBUSDT+0.038%+0.0087%8h$70.3M$52.2M50xas long as short
SunX BNB-USDT+0.040%+0.0100%8h$13K$1.5M50xas long as short
edgeX BNBUSDC+0.061%+0.0100%4h$4.1M$64.3M30xas long as short
MEXC BNB_USDT+0.113%+0.0073%8h$83.4M$14.5M200xas long as short