Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0180%/8h= −19.7% APRpaid last 24h −0.054%

Price spread now: Hotstuff against Paradex−0.019%7-day average — · you buy dearer than you sell

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

Long on Paradex Short on Hotstuff

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 airdropParadex: Active · Hotstuff: Active · farm boardneeds both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$5 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex BNB-USD-PERP	784.57	0.0100	pay 0.0100% / 8h	20m 57s	$78K	$17K	50x
Short	Hotstuff BNB-PERP	784.42	−0.0080	pay 0.0010% / 1h	20m 57s	$4K	$42	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hotstuff against Paradex. 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 ParadexbpFee HotstuffbpOrdersPrice spread, now −0.019%Rate

Funding earned: −$37.83
Price spread: −0.019% → 0.000%: −$1.86
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Net: −$48.69
Costs to cover: 0.090%
Break-even: never at this rate

Slippage unknown: Paradex: no order-book sample; 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 Paradex no order-book sample	—	—	—	—	—
Sell Hotstuff no order-book sample	—	—	—	—	—

Paradex and 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 −0.0168% / S +0.0337%	1h	783.78	−0.100%	$43K	—	200x	as long as short
Hotstuff BNB-PERPshort	−0.0080%	1h	784.42	−0.019%	$4K	$42	25x
Kraken Futures PF_BNBUSD	−0.0050%	1h	783.73	−0.107%	$2.5M	$1.2M	50x	as long as short
Variational Omni BNB	0.0000%	8h	783.51	−0.135%	$4.0M	$4.7M	—	as long as short
Kalshi KXBNBPERP	0.0000%	8h	784.50	−0.008%	$171K	$2.7M	4.8x	as long as short
StandX BNB-USD	0.0000%	1h	784.22	−0.044%	$846K	$2.7M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	783.78	−0.100%	$9.4M	—	150x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.616%	$19K	$789K	30x	as long as short
Aster BNBUSDT	+0.0034%	8h	784.36	−0.026%	$6.0M	$18.8M	200x	as long as short
BingX BNB-USDC	+0.0039%	8h	783.80	−0.098%	—	$13.4M	—	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	+0.0048%	8h	785.00	+0.055%	$80.7M	$12.0M	200x	as long as short
Binance BNBUSDT	+0.0049%	8h	784.40	−0.021%	$487.1M	$819.7M	75x	as long as short
Phemex BNBUSDT	+0.0074%	8h	784.28	−0.036%	$68.5M	$51.2M	50x	as long as short
Lighter BNB	+0.0096%	1h	783.86	−0.090%	$2.7M	$3.8M	20x	as long as short
Phoenix BNB	+0.0100%	1h	784.53	−0.005%	$161K	$35K	10x	as long as short
Nado BNB-PERP	+0.0100%	1h	783.85	−0.091%	$1.3M	$2.7M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	784.32	−0.031%	$51.4M	$17.6M	10x	as long as short
Pacifica BNB	+0.0100%	1h	784.31	−0.033%	$1.2M	$937K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	783.60	−0.123%	$137.9M	$74.4M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	783.70	−0.110%	$53.3M	$112.5M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	784.30	−0.034%	$52K	$125K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	783.80	−0.098%	$38.2M	$58.4M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	783.52	−0.133%	$27.6M	$10.2M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	783.40	−0.149%	$75.2M	$32.6M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	784.15	−0.053%	$2.2M	$6.1M	40x	as long as short
edgeX BNBUSDC	+0.0100%	4h	783.84	−0.092%	$4.1M	$76.5M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	784.61	+0.006%	$158K	$437K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	783.77	−0.101%	$131K	$944K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	783.82	−0.095%	$263K	$388K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	784.17	−0.051%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	784.33	−0.030%	$12K	$1.5M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	783.90	−0.085%	$385K	$967K	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	784.34	−0.028%	$8.0M	$10.4M	75x	as long as short
Paradex BNB-USD-PERPlong	+0.0100%	8h	784.57	long leg	$78K	$17K	50x
dYdX BNB-USD	+0.0101%	1h	783.56	−0.128%	$159K	$62K	10x	as long as short
Extended BNB-USD	+0.0104%	1h	783.39	−0.150%	$1.8M	$5.8M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	783.87	−0.088%	$377K	$110K	10x	as long as short
Coinbase International BNB-PERP-INTX	+0.0104%	1h	784.48	−0.011%	$546K	$1.9M	50x	as long as short
BloFin BNB-USDT	+0.0169%	8h	784.71	+0.018%	$17.7M	$2.2M	75x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0200%	1h	784.17	−0.051%	$1.5M	$141K	25x	as long as short
Bulk BNB-USD	+0.0208%	1h	785.53	+0.123%	$637K	$831	10x	as long as short
GRVT BNB_USDT_Perp	+0.0217%	8h	784.62	+0.006%	$2.9M	$28.4M	10x	as long as short
01 Exchange BNBUSD	+0.0248%	1h	784.67	+0.013%	$28K	$4K	10x	as long as short
Reya BNBRUSDPERP	+0.0320%	1h	783.40	−0.148%	$6K	$3K	40x	as long as short
RISEx BNB/USDC	+0.0350%	1h	784.38	−0.024%	$1.1M	$906K	20x	as long as short
Hibachi BNB/USDT-P	+0.0464%	1h	784.39	−0.022%	$67K	$39K	12x	as long as short