Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.005%

Price spread now: HTX against Arcus−0.118%7-day average −0.110% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$41as in the Price arb table

costs, in and out, $10k−$400.401% of the position

Long on Arcus Short on HTX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.061%−$6 on $10k

Price spread, last 4 days (all we have)−0.364%−$36 · spread now −0.118%, 7d avg −0.110%

Together, before fees−0.425%−$42 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus BNB-USD	789.60	0.0100	pay 0.0013% / 1h	34m 36s	$52K	$130K	10x
Short	HTX BNB-USDT	788.67	0.0100	get 0.0100% / 8h	5h 34m	$8.1M	$9.1M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Arcus. 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 ArcusbpFee HTXbpOrdersPrice spread, now −0.118%Rate

Funding earned: $0
Price spread: −0.118% → −0.110%: −$0.8
Slippage, 4 orders: −$23.63
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee HTX: 6 bp × 2 orders: −$12
Net: −$40.92
Costs to cover: 0.401%
Break-even: never at this rate

Slippage from Arcus: live order book, 28 min ago; HTX: live order book, 4 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 Arcus live order book, 28 min ago	4.43 bp	9.2 bp −$9	27.6 bp −$276	doesn't fit	doesn't fit
Sell HTX live order book, 4 min ago	2.66 bp	8.7 bp −$9	13.3 bp −$133	92.8 bp −$9,280	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 −0.0167% / S +0.0335%	1h	789.34	−0.033%	$46K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	789.74	+0.018%	$4K	$239	25x	as long as short
StandX BNB-USD	0.0000%	1h	789.74	+0.018%	$853K	$3.2M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	789.38	−0.028%	$9.6M	—	150x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+1.962%	$19K	$789K	30x	as long as short
Aster BNBUSDT	+0.0045%	8h	789.98	+0.048%	$6.3M	$18.7M	200x	as long as short
Coinbase International BNB-PERP-INTX	+0.0048%	1h	789.09	−0.065%	$618K	$1.8M	50x	as long as short
BingX BNB-USDT	+0.0059%	8h	789.39	−0.027%	—	$34.4M	—	as long as short
Phemex BNBUSDT	+0.0072%	8h	789.93	+0.042%	$69.2M	$51.1M	50x	as long as short
MEXC BNB_USDT	+0.0074%	8h	790.20	+0.076%	$80.3M	$12.4M	200x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance BNBUSDT	+0.0075%	8h	789.83	+0.029%	$493.8M	$804.4M	75x	as long as short
Variational Omni BNB	+0.0091%	8h	788.80	−0.102%	$4.1M	$4.6M	—	as long as short
Kraken Futures PF_BNBUSD	+0.0091%	1h	789.33	−0.034%	$2.5M	$1.2M	50x	as long as short
Lighter BNB	+0.0096%	1h	789.49	−0.014%	$2.8M	$3.9M	20x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	789.49	−0.014%	$266K	$497K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	789.25	−0.044%	$1.5M	$2.6M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	789.80	+0.025%	$51.8M	$18.1M	10x	as long as short
Pacifica BNB	+0.0100%	1h	789.35	−0.031%	$1.2M	$908K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	789.05	−0.070%	$138.7M	$77.3M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	789.20	−0.051%	$53.5M	$112.2M	50x	as long as short
Arcus BNB-USDlong	+0.0100%	1h	789.60	long leg	$52K	$130K	10x
Gate BNB_USDT	+0.0100%	8h	789.25	−0.044%	$35.3M	$56.9M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	789.08	−0.066%	$27.7M	$10.3M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	789.15	−0.057%	$76.9M	$30.1M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	789.56	−0.005%	$2.2M	$6.1M	40x	as long as short
edgeX BNBUSDC	+0.0100%	4h	789.01	−0.075%	$4.1M	$76.6M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	789.30	−0.038%	$159K	$440K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	789.24	−0.046%	$135K	$948K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	789.70	+0.012%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	790.08	+0.061%	$12K	$1.6M	50x	as long as short
HTX BNB-USDTshort	+0.0100%	8h	788.67	−0.118%	$8.1M	$9.1M	75x
Paradex BNB-USD-PERP	+0.0103%	8h	789.94	+0.043%	$77K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	788.89	−0.090%	$1.8M	$5.9M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	789.45	−0.019%	$379K	$110K	10x	as long as short
Phoenix BNB	+0.0107%	1h	788.63	−0.123%	$169K	$35K	10x	as long as short
SoDEX BNB-USD	+0.0135%	1h	789.60	0.000%	$388K	$1.0M	10x	as long as short
GRVT BNB_USDT_Perp	+0.0137%	8h	789.50	−0.013%	$2.9M	$28.2M	10x	as long as short
Kalshi KXBNBPERP	+0.0189%	8h	789.80	+0.025%	$93K	$2.8M	4.8x	as long as short
BloFin BNB-USDT	+0.0195%	8h	790.06	+0.058%	$18.2M	$2.3M	75x	as long as short
dYdX BNB-USD	+0.0231%	1h	788.84	−0.096%	$160K	$63K	10x	as long as short
01 Exchange BNBUSD	+0.0296%	1h	789.97	+0.047%	$28K	$4K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	789.92	+0.040%	$1.5M	$147K	25x	as long as short
Reya BNBRUSDPERP	+0.0327%	1h	789.15	−0.058%	$6K	$3K	40x	as long as short
RISEx BNB/USDC	+0.0361%	1h	789.69	+0.012%	$1.1M	$1.0M	20x	as long as short
Bulk BNB-USD	+0.0383%	1h	789.79	+0.024%	$640K	$6K	10x	as long as short
Hibachi BNB/USDT-P	+0.0584%	1h	788.80	−0.101%	$67K	$38K	12x	as long as short