Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%

Price spread now: HTX against Extended+0.087%7-day average +0.043% · you sell dearer than you buy

Net, funding: paid 7d − costs−$25as in the Funding arb table

Net, price: spread back to 7d avg − costs−$23as in the Price arb table

costs, in and out, $10k−$270.272% of the position

Long on Extended Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.019%+$2 on $10k

Price spread, last 3 days (all we have)−0.128%−$13 · spread now +0.087%, 7d avg +0.043%

Together, before fees−0.109%+ Points / potential airdropExtended: Active · farm board−$11 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 0.044% dearer against Extended than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.043%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended BNB-USD	794.64	0.0104	pay 0.0013% / 1h	24m 07s	$1.7M	$5.8M	50x
Short	HTX BNB-USDT	795.34	0.0100	get 0.0100% / 8h	6h 24m	$8.2M	$8.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Extended. 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 ExtendedbpFee HTXbpOrdersPrice spread, now +0.087%Rate

Funding earned: −$0.84
Price spread: +0.087% → +0.043%: $4.42
Slippage, 4 orders: −$10.19
Fee Extended: 2.5 bp × 2 orders: −$5
Fee HTX: 6 bp × 2 orders: −$12
Net: −$23.61
Costs to cover: 0.272%
Break-even: never at this rate

Slippage from Extended: live order book, 5 min ago; HTX: live order book, 5 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 Extended live order book, 5 min ago	0.06 bp	2.8 bp −$3	4.3 bp −$43	doesn't fit	doesn't fit
Sell HTX live order book, 5 min ago	1.95 bp	8.0 bp −$8	12.5 bp −$125	44.9 bp −$4,492	doesn't fit

BNB on 45 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	794.88	+0.030%	$46K	—	200x	as long as short
Kraken Futures PF_BNBUSD	−0.0131%	1h	795.01	+0.046%	$2.5M	$1.0M	50x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	795.33	+0.086%	$4K	$239	25x	as long as short
StandX BNB-USD	0.0000%	1h	796.25	+0.202%	$860K	$3.1M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	794.94	+0.037%	$9.7M	—	150x	as long as short
Variational Omni BNB	+0.0031%	8h	795.62	+0.123%	$4.1M	$4.8M	—	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+1.315%	$19K	$789K	30x	as long as short
Aster BNBUSDT	+0.0038%	8h	795.70	+0.133%	$6.1M	$19.7M	200x	as long as short
Gate BNB_USDT	+0.0049%	8h	794.95	+0.039%	$35.4M	$56.3M	75x	as long as short
BingX BNB-USDC	+0.0050%	8h	795.50	+0.108%	—	$13.4M	—	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex BNBUSDT	+0.0054%	8h	795.60	+0.120%	$69.6M	$50.8M	50x	as long as short
Coinbase International BNB-PERP-INTX	+0.0056%	1h	795.53	+0.112%	$610K	$1.1M	50x	as long as short
MEXC BNB_USDT	+0.0063%	8h	795.90	+0.158%	$82.6M	$12.8M	200x	as long as short
Binance BNBUSDT	+0.0064%	8h	795.66	+0.128%	$495.1M	$810.4M	75x	as long as short
GRVT BNB_USDT_Perp	+0.0064%	8h	795.99	+0.170%	$3.0M	$28.5M	10x	as long as short
dYdX BNB-USD	+0.0072%	1h	795.36	+0.091%	$161K	$63K	10x	as long as short
Phoenix BNB	+0.0088%	1h	795.80	+0.146%	$171K	$36K	10x	as long as short
Lighter BNB	+0.0096%	1h	795.28	+0.080%	$2.8M	$4.0M	20x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	794.94	+0.037%	$384K	$409K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	795.20	+0.070%	$1.4M	$2.7M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	795.73	+0.137%	$52.1M	$19.3M	10x	as long as short
Pacifica BNB	+0.0100%	1h	795.38	+0.092%	$1.2M	$925K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	795.11	+0.059%	$139.0M	$75.6M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	794.90	+0.032%	$53.3M	$110.4M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	795.30	+0.083%	$52K	$134K	10x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	794.77	+0.016%	$27.7M	$10.1M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	794.93	+0.036%	$77.4M	$28.1M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	795.83	+0.149%	$4.1M	$76.7M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	794.74	+0.012%	$160K	$436K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	794.88	+0.030%	$111K	$886K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	795.11	+0.058%	$32K	$9K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	795.36	+0.090%	$12K	$1.6M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	795.10	+0.057%	$391K	$997K	10x	as long as short
HTX BNB-USDTshort	+0.0100%	8h	795.34	+0.087%	$8.2M	$8.9M	75x
Paradex BNB-USD-PERP	+0.0100%	8h	795.61	+0.122%	$77K	$17K	50x	as long as short
Extended BNB-USDlong	+0.0104%	1h	794.64	long leg	$1.7M	$5.8M	50x
Aevo BNB-PERP	+0.0104%	1h	795.15	+0.064%	$382K	$110K	10x	as long as short
RISEx BNB/USDC	+0.0131%	1h	795.25	+0.076%	$1.1M	$1.1M	20x	as long as short
Kalshi KXBNBPERP	+0.0156%	8h	795.40	+0.095%	$112K	$2.7M	4.8x	as long as short
Bulk BNB-USD	+0.0195%	1h	795.93	+0.161%	$644K	$16K	10x	as long as short
01 Exchange BNBUSD	+0.0256%	1h	795.49	+0.107%	$28K	$2K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	795.47	+0.104%	$1.6M	$160K	25x	as long as short
Reya BNBRUSDPERP	+0.0329%	1h	794.72	+0.010%	$6K	$3K	40x	as long as short
Backpack BNB_USDC_PERP	+0.0381%	1h	795.86	+0.153%	$2.7M	$5.7M	40x	as long as short
Hibachi BNB/USDT-P	+0.0528%	1h	795.94	+0.163%	$68K	$38K	12x	as long as short