Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0164%/8h= −18.0% APRpaid last 24h −0.056%

Price spread now: Hotstuff against MEXC−0.186%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on MEXC Short on Hotstuff

What this pair did over the last

the charts below follow

Funding, last 3 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 against this trade now: funding costs −$5 a day on $10k at the current rate, and Hotstuff is 0.186% cheaper against MEXC than usual: you would sell low and buy high (−$19 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC BNB_USDT	799.90	0.0084	pay 0.0084% / 8h	7h 31m	$83.1M	$13.6M	200x
Short	Hotstuff BNB-PERP	798.41	−0.0080	pay 0.0010% / 1h	31m 54s	$4K	$239	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hotstuff against MEXC. 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 MEXCbpFee HotstuffbpOrdersPrice spread, now −0.186%Rate

Funding earned: −$34.44
Price spread: −0.186% → 0.000%: −$18.63
Slippage, 4 orders: no order book: not counted
Fee MEXC: 2 bp × 2 orders: −$4
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Net: −$62.07
Costs to cover: 0.090%
Break-even: never at this rate

Slippage unknown: MEXC: live order book, 2 min ago; Hotstuff: no order-book sample. 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 MEXC live order book, 2 min ago	1.25 bp	4.0 bp −$4	8.8 bp −$88	24.5 bp −$2,450	41.3 bp −$20.6K
Sell Hotstuff no order-book sample	—	—	—	—	—

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 −0.0159% / S +0.0334%	1h	798.51	−0.173%	$47K	—	200x	as long as short
Kraken Futures PF_BNBUSD	−0.0121%	1h	798.71	−0.148%	$2.5M	$966K	50x	as long as short
Hotstuff BNB-PERPshort	−0.0080%	1h	798.41	−0.186%	$4K	$239	25x
BingX BNB-USDT	−0.0034%	8h	798.71	−0.149%	—	$35.0M	—	as long as short
Bybit BNBUSDT	−0.0020%	8h	798.60	−0.163%	$138.6M	$75.1M	75x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	798.97	−0.116%	$3.0M	$27.4M	10x	as long as short
StandX BNB-USD	0.0000%	1h	799.41	−0.061%	$864K	$2.9M	30x	as long as short
Phemex BNBUSDT	0.0000%	8h	799.26	−0.080%	$69.8M	$50.3M	50x	as long as short
Variational Omni BNB	+0.0004%	8h	798.73	−0.147%	$4.1M	$5.2M	—	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	798.45	−0.182%	$9.7M	—	150x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+0.649%	$19K	$789K	30x	as long as short
Coinbase International BNB-PERP-INTX	+0.0048%	1h	798.73	−0.146%	$602K	$972K	50x	as long as short
Aster BNBUSDT	+0.0062%	8h	799.04	−0.107%	$6.2M	$19.1M	200x	as long as short
MEXC BNB_USDTlong	+0.0084%	8h	799.90	long leg	$83.1M	$13.6M	200x
Binance BNBUSDT	+0.0084%	8h	799.50	−0.050%	$496.3M	$806.6M	75x	as long as short
Lighter BNB	+0.0096%	1h	798.96	−0.117%	$2.8M	$4.0M	20x	as long as short
Gate BNB_USDT	+0.0097%	8h	798.70	−0.150%	$35.7M	$56.2M	75x	as long as short
Phoenix BNB	+0.0099%	1h	799.20	−0.088%	$172K	$36K	10x	as long as short
Nado BNB-PERP	+0.0100%	1h	797.85	−0.256%	$1.5M	$2.7M	20x	as long as short
Pacifica BNB	+0.0100%	1h	798.25	−0.206%	$1.2M	$924K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	798.80	−0.138%	$54.2M	$110.3M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	798.10	−0.225%	$52K	$133K	10x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	798.85	−0.131%	$27.9M	$10.0M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	798.63	−0.159%	$78.8M	$27.3M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	799.05	−0.106%	$4.2M	$76.4M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	799.32	−0.073%	$161K	$436K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	798.12	−0.223%	$116K	$873K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	798.60	−0.163%	$386K	$458K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	798.77	−0.141%	$32K	$5K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	798.84	−0.132%	$13K	$1.7M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	798.80	−0.138%	$393K	$1.0M	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	798.65	−0.157%	$8.2M	$8.2M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	798.72	−0.147%	$78K	$18K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	798.50	−0.175%	$1.8M	$6.3M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	798.65	−0.156%	$384K	$108K	10x	as long as short
Bulk BNB-USD	+0.0127%	1h	799.69	−0.027%	$649K	$10K	10x	as long as short
Kalshi KXBNBPERP	+0.0153%	8h	798.80	−0.138%	$91K	$2.8M	4.8x	as long as short
RISEx BNB/USDC	+0.0155%	1h	797.89	−0.251%	$1.1M	$1.4M	20x	as long as short
Hibachi BNB/USDT-P	+0.0160%	1h	799.09	−0.102%	$69K	$37K	12x	as long as short
BloFin BNB-USDT	+0.0205%	8h	799.34	−0.070%	$18.1M	$2.5M	75x	as long as short
01 Exchange BNBUSD	+0.0208%	1h	798.31	−0.199%	$28K	$1K	10x	as long as short
dYdX BNB-USD	+0.0244%	1h	798.18	−0.215%	$161K	$63K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	799.14	−0.094%	$1.6M	$160K	25x	as long as short
Hyperliquid BNB	+0.0309%	1h	799.63	−0.034%	$53.2M	$20.6M	10x	as long as short
Reya BNBRUSDPERP	+0.0330%	1h	797.84	−0.258%	$6K	$3K	40x	as long as short
Backpack BNB_USDC_PERP	+0.0392%	1h	799.62	−0.035%	$2.7M	$5.6M	40x	as long as short