Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: HTX against Derive+0.014%7-day average — · you sell dearer than you buy

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

Long on Derive Short on HTX

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—needs both histories

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Derive BNB-PERP	799.60	0.0100	pay 0.0013% / 1h	0m 10s	$32K	$5K	10x
Short	HTX BNB-USDT	799.71	0.0100	get 0.0100% / 8h	0m 10s	$8.2M	$8.1M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Derive. 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 DerivebpFee HTXbpOrdersPrice spread, now +0.014%Rate

Funding earned: $0
Price spread: +0.014% → 0.000%: $1.35
Slippage, 4 orders: no order book: not counted
Fee Derive: 3 bp × 2 orders: −$6
Fee HTX: 6 bp × 2 orders: −$12
Net: −$16.65
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Derive: no order-book sample; HTX: live order book, 4 min ago. 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 Derive no order-book sample	—	—	—	—	—
Sell HTX live order book, 4 min ago	2.15 bp	10.1 bp −$10	14.5 bp −$145	48.8 bp −$4,879	doesn't fit

Derive: 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 −0.0201% / S +0.0372%	1h	799.54	−0.007%	$47K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	799.70	+0.013%	$4K	$1K	25x	as long as short
Kraken Futures PF_BNBUSD	−0.0074%	1h	799.52	−0.010%	$2.5M	$975K	50x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	798.72	−0.110%	$3.0M	$27.7M	10x	as long as short
StandX BNB-USD	0.0000%	1h	799.71	+0.014%	$864K	$2.9M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	799.57	−0.003%	$9.7M	—	150x	as long as short
Variational Omni BNB	+0.0009%	8h	798.84	−0.095%	$4.1M	$5.4M	—	as long as short
BingX BNB-USDC	+0.0030%	8h	799.57	−0.003%	—	$13.3M	—	as long as short
Bybit BNBUSDT	+0.0040%	8h	799.24	−0.045%	$138.8M	$76.9M	75x	as long as short
Coinbase International BNB-PERP-INTX	+0.0072%	1h	798.68	−0.115%	$602K	$985K	50x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster BNBUSDT	+0.0077%	8h	800.10	+0.063%	$6.2M	$19.3M	200x	as long as short
Phemex BNBUSDT	+0.0092%	8h	800.02	+0.053%	$70.0M	$50.7M	50x	as long as short
Lighter BNB	+0.0096%	1h	799.78	+0.022%	$2.8M	$4.1M	20x	as long as short
MEXC BNB_USDT	+0.0097%	8h	800.40	+0.100%	$83.2M	$13.6M	200x	as long as short
Binance BNBUSDT	+0.0097%	8h	800.06	+0.058%	$498.0M	$818.7M	75x	as long as short
Nado BNB-PERP	+0.0100%	1h	799.05	−0.069%	$1.4M	$2.7M	20x	as long as short
Pacifica BNB	+0.0100%	1h	799.57	−0.004%	$1.2M	$925K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	799.30	−0.037%	$54.4M	$112.9M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	799.50	−0.012%	$53K	$133K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	799.30	−0.037%	$35.7M	$58.8M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	799.47	−0.016%	$28.0M	$10.2M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	799.27	−0.041%	$78.9M	$27.6M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	799.62	+0.003%	$4.2M	$76.4M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	799.34	−0.032%	$161K	$436K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	799.20	−0.050%	$116K	$872K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	799.38	−0.027%	$386K	$494K	50x	as long as short
Derive BNB-PERPlong	+0.0100%	1h	799.60	long leg	$32K	$5K	10x
SunX BNB-USDT	+0.0100%	8h	799.86	+0.033%	$13K	$1.7M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	799.70	+0.013%	$393K	$1.0M	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0100%	1h	799.92	+0.040%	$1.6M	$165K	25x	as long as short
HTX BNB-USDTshort	+0.0100%	8h	799.71	+0.014%	$8.2M	$8.1M	75x
Paradex BNB-USD-PERP	+0.0100%	8h	800.00	+0.050%	$78K	$19K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	799.15	−0.056%	$1.8M	$6.6M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	799.60	0.000%	$384K	$40K	10x	as long as short
Phoenix BNB	+0.0127%	1h	798.37	−0.154%	$172K	$36K	10x	as long as short
Hibachi BNB/USDT-P	+0.0152%	1h	799.40	−0.025%	$70K	$43K	12x	as long as short
Kalshi KXBNBPERP	+0.0154%	8h	799.70	+0.013%	$91K	$2.9M	4.8x	as long as short
Bulk BNB-USD	+0.0191%	1h	798.83	−0.097%	$649K	$17K	10x	as long as short
BloFin BNB-USDT	+0.0217%	8h	800.12	+0.065%	$18.1M	$2.5M	75x	as long as short
Hyperliquid BNB	+0.0251%	1h	800.34	+0.093%	$52.5M	$20.8M	10x	as long as short
RISEx BNB/USDC	+0.0258%	1h	799.46	−0.017%	$1.1M	$1.4M	20x	as long as short
01 Exchange BNBUSD	+0.0264%	1h	799.91	+0.039%	$28K	$1K	10x	as long as short
Injective BNB/USDC PERP	+0.0306%	1h	805.09	+0.687%	$19K	$789K	30x	as long as short
Backpack BNB_USDC_PERP	+0.0308%	1h	800.23	+0.079%	$2.7M	$5.7M	40x	as long as short
dYdX BNB-USD	+0.0327%	1h	799.59	−0.001%	$161K	$63K	10x	as long as short
Reya BNBRUSDPERP	+0.0331%	1h	799.01	−0.073%	$6K	$3K	40x	as long as short