Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: HTX against ApeX Omni−0.119%7-day average −0.075% · you buy dearer than you sell

Net, funding: paid 7d − costs−$41as in the Funding arb table

Net, price: spread back to 7d avg − costs−$45as in the Price arb table

costs, in and out, $10k−$410.406% of the position

Long on ApeX Omni Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.003%$0 on $10k

Price spread, last 3 days (all we have)−0.076%−$8 · spread now −0.119%, 7d avg −0.075%

Together, before fees−0.079%−$8 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: HTX is 0.045% cheaper against ApeX Omni than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of −0.075%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni BNBUSDT	801.93	0.0100	pay 0.0013% / 1h	27m 30s	$161K	$441K	50x
Short	HTX BNB-USDT	800.97	0.0100	get 0.0100% / 8h	1h 27m	$8.2M	$7.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against ApeX Omni. 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 ApeX OmnibpFee HTXbpOrdersPrice spread, now −0.119%Rate

Funding earned: $0
Price spread: −0.119% → −0.075%: −$4.46
Slippage, 4 orders: −$18.61
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee HTX: 6 bp × 2 orders: −$12
Net: −$45.07
Costs to cover: 0.406%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 55 min ago; HTX: live order book, 2 min ago.

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 ApeX Omni live order book, 55 min ago	3.47 bp	11.5 bp −$12	32.9 bp −$329	doesn't fit	doesn't fit
Sell HTX live order book, 2 min ago	3.83 bp	9.8 bp −$10	11.6 bp −$116	46.1 bp −$4,611	doesn't fit

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 −0.0201% / S +0.0372%	1h	801.11	−0.102%	$48K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	801.18	−0.094%	$4K	$1K	25x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	801.71	−0.027%	$3.0M	$29.6M	10x	as long as short
Kalshi KXBNBPERP	0.0000%	8h	802.10	+0.021%	$158K	$2.8M	4.8x	as long as short
StandX BNB-USD	0.0000%	1h	802.32	+0.049%	$867K	$2.8M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	801.17	−0.095%	$9.7M	—	150x	as long as short
Variational Omni BNB	+0.0040%	8h	800.85	−0.135%	$4.1M	$5.3M	—	as long as short
BingX BNB-USDT	+0.0065%	8h	800.82	−0.138%	—	$35.0M	—	as long as short
Bybit BNBUSDT	+0.0079%	8h	800.47	−0.182%	$139.5M	$83.1M	75x	as long as short
Lighter BNB	+0.0096%	1h	801.00	−0.116%	$2.8M	$4.2M	20x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International BNB-PERP-INTX	+0.0096%	1h	801.17	−0.095%	$610K	$1.0M	50x	as long as short
Aster BNBUSDT	+0.0099%	8h	801.35	−0.072%	$6.3M	$19.3M	200x	as long as short
Nado BNB-PERP	+0.0100%	1h	800.58	−0.168%	$1.4M	$2.8M	20x	as long as short
Pacifica BNB	+0.0100%	1h	800.84	−0.136%	$1.2M	$926K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	800.60	−0.166%	$54.8M	$117.4M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	801.20	−0.091%	$53K	$170K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	800.60	−0.166%	$35.7M	$58.3M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	800.63	−0.162%	$28.0M	$10.6M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	800.58	−0.168%	$80.9M	$26.9M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	801.89	−0.006%	$4.2M	$77.4M	30x	as long as short
ApeX Omni BNBUSDTlong	+0.0100%	1h	801.93	long leg	$161K	$441K	50x
Polymarket Perps BNB-USD	+0.0100%	1h	800.79	−0.142%	$121K	$880K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	800.94	−0.123%	$387K	$592K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	801.15	−0.097%	$32K	$5K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	801.61	−0.041%	$12K	$1.7M	50x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0100%	1h	801.25	−0.085%	$1.6M	$165K	25x	as long as short
HTX BNB-USDTshort	+0.0100%	8h	800.97	−0.119%	$8.2M	$7.9M	75x
Paradex BNB-USD-PERP	+0.0100%	8h	801.43	−0.062%	$78K	$19K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	800.28	−0.206%	$1.8M	$6.1M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	801.31	−0.078%	$385K	$40K	10x	as long as short
MEXC BNB_USDT	+0.0118%	8h	801.70	−0.029%	$83.3M	$13.8M	200x	as long as short
Binance BNBUSDT	+0.0119%	8h	801.47	−0.057%	$503.8M	$829.6M	75x	as long as short
SoDEX BNB-USD	+0.0125%	1h	800.90	−0.128%	$394K	$1.0M	10x	as long as short
Phemex BNBUSDT	+0.0126%	8h	801.34	−0.074%	$70.0M	$51.7M	50x	as long as short
Phoenix BNB	+0.0155%	1h	801.68	−0.031%	$172K	$35K	10x	as long as short
Hibachi BNB/USDT-P	+0.0160%	1h	801.31	−0.077%	$71K	$48K	12x	as long as short
dYdX BNB-USD	+0.0197%	1h	800.59	−0.168%	$161K	$62K	10x	as long as short
Kraken Futures PF_BNBUSD	+0.0207%	1h	800.77	−0.144%	$2.6M	$984K	50x	as long as short
BloFin BNB-USDT	+0.0239%	8h	802.15	+0.027%	$18.5M	$2.6M	75x	as long as short
Hyperliquid BNB	+0.0285%	1h	801.83	−0.012%	$51.9M	$22.3M	10x	as long as short
Injective BNB/USDC PERP	+0.0311%	1h	805.09	+0.394%	$19K	$789K	30x	as long as short
RISEx BNB/USDC	+0.0318%	1h	801.05	−0.110%	$1.1M	$1.4M	20x	as long as short
Reya BNBRUSDPERP	+0.0333%	1h	800.48	−0.181%	$6K	$3K	40x	as long as short
01 Exchange BNBUSD	+0.0336%	1h	801.64	−0.036%	$28K	$1K	10x	as long as short
Bulk BNB-USD	+0.0354%	1h	801.59	−0.043%	$651K	$21K	10x	as long as short
Backpack BNB_USDC_PERP	+0.0665%	1h	801.53	−0.050%	$2.7M	$5.6M	40x	as long as short