Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%

Price spread now: Aevo against HTX−0.018%7-day average +0.024% · you buy dearer than you sell

Net, funding: paid 7d − costs−$44as in the Funding arb table

Net, price: spread back to 7d avg − costs−$50as in the Price arb table

costs, in and out, $10k−$450.453% of the position

Long on HTX Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 7 days+0.009%+$1 on $10k

Price spread, last 4 days (all we have)+0.066%+$7 · spread now −0.018%, 7d avg +0.024%

Together, before fees+0.075%+$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: Aevo is 0.042% cheaper against HTX than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.024%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX BNB-USDT	790.76	0.0100	pay 0.0100% / 8h	4h 52m	$8.1M	$9.3M	75x
Short	Aevo BNB-PERP	790.62	0.0104	get 0.0013% / 1h	52m 39s	$380K	$110K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against HTX. 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 HTXbpFee AevobpOrdersPrice spread, now −0.018%Rate

Funding earned: $0.84
Price spread: −0.018% → +0.024%: −$4.21
Slippage, 4 orders: −$17.34
Fee HTX: 6 bp × 2 orders: −$12
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$48.7
Costs to cover: 0.453%
Break-even: 412.9 days

Slippage from HTX: live order book, 1 min ago; Aevo: live order book, 6 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 HTX live order book, 1 min ago	1.23 bp	7.8 bp −$8	10.4 bp −$104	40.2 bp −$4,018	doesn't fit
Sell Aevo live order book, 6 min ago	2.84 bp	13.1 bp −$13	19.1 bp −$191	23.6 bp −$2,357	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 −0.0182% / S +0.0348%	1h	790.57	−0.024%	$46K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	791.07	+0.039%	$4K	$42	25x	as long as short
StandX BNB-USD	0.0000%	1h	791.78	+0.129%	$856K	$3.1M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	790.63	−0.017%	$9.5M	—	150x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+1.812%	$19K	$789K	30x	as long as short
Aster BNBUSDT	+0.0046%	8h	790.65	−0.015%	$6.1M	$18.7M	200x	as long as short
BingX BNB-USDC	+0.0056%	8h	790.36	−0.051%	—	$13.4M	—	as long as short
Phemex BNBUSDT	+0.0064%	8h	791.26	+0.063%	$69.3M	$49.9M	50x	as long as short
Coinbase International BNB-PERP-INTX	+0.0064%	1h	790.64	−0.015%	$583K	$1.9M	50x	as long as short
Binance BNBUSDT	+0.0069%	8h	790.18	−0.074%	$493.1M	$789.8M	75x	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	+0.0070%	8h	790.50	−0.033%	$80.2M	$12.2M	200x	as long as short
Lighter BNB	+0.0096%	1h	789.92	−0.107%	$2.7M	$3.8M	20x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	790.69	−0.009%	$266K	$498K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	790.30	−0.058%	$1.5M	$2.6M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	790.82	+0.007%	$51.9M	$17.5M	10x	as long as short
Pacifica BNB	+0.0100%	1h	790.16	−0.076%	$1.2M	$931K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	789.40	−0.172%	$138.9M	$74.9M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	789.50	−0.160%	$53.4M	$111.5M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	790.70	−0.008%	$52K	$130K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	790.25	−0.065%	$35.4M	$56.4M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	790.07	−0.088%	$27.7M	$10.3M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	789.83	−0.118%	$76.5M	$30.3M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	790.93	+0.021%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	790.82	+0.007%	$4.1M	$4.6M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	791.43	+0.084%	$4.1M	$74.4M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	790.18	−0.074%	$159K	$441K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	790.37	−0.050%	$133K	$950K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	790.80	+0.004%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	790.91	+0.019%	$12K	$1.5M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	790.80	+0.005%	$389K	$1.0M	10x	as long as short
HTX BNB-USDTlong	+0.0100%	8h	790.76	long leg	$8.1M	$9.3M	75x
Paradex BNB-USD-PERP	+0.0101%	8h	790.37	−0.049%	$77K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	789.94	−0.104%	$1.8M	$5.9M	50x	as long as short
Aevo BNB-PERPshort	+0.0104%	1h	790.62	−0.018%	$380K	$110K	10x
dYdX BNB-USD	+0.0114%	1h	789.76	−0.127%	$160K	$64K	10x	as long as short
Phoenix BNB	+0.0117%	1h	791.15	+0.049%	$170K	$35K	10x	as long as short
GRVT BNB_USDT_Perp	+0.0136%	8h	790.47	−0.037%	$2.9M	$28.0M	10x	as long as short
Kalshi KXBNBPERP	+0.0184%	8h	791.00	+0.030%	$113K	$2.7M	4.8x	as long as short
BloFin BNB-USDT	+0.0190%	8h	791.19	+0.054%	$18.2M	$2.2M	75x	as long as short
01 Exchange BNBUSD	+0.0232%	1h	791.04	+0.035%	$28K	$4K	10x	as long as short
Kraken Futures PF_BNBUSD	+0.0263%	1h	790.53	−0.029%	$2.5M	$1.2M	50x	as long as short
Bulk BNB-USD	+0.0296%	1h	791.64	+0.111%	$641K	$9K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	791.16	+0.050%	$1.5M	$143K	25x	as long as short
Reya BNBRUSDPERP	+0.0327%	1h	790.05	−0.090%	$6K	$3K	40x	as long as short
RISEx BNB/USDC	+0.0461%	1h	790.81	+0.006%	$1.1M	$976K	20x	as long as short
Hibachi BNB/USDT-P	+0.0544%	1h	791.01	+0.032%	$68K	$38K	12x	as long as short