Funding you earn now, next payment 02:00 UTC+0.0290%/8h= +31.8% APRpaid last 24h +0.044%
Price spread now: Backpack against HTX+0.148%7-day average +0.070% · you sell dearer than you buy
Net, funding: paid 7d − costs−$21as in the Funding arb table
Net, price: spread back to 7d avg − costs−$24as in the Price arb table
costs, in and out, $10k−$320.321% of the position
Funding, last 7 days+0.111%+$11 on $10k
+Price spread, last 3 days (all we have)−0.011%−$1 · spread now +0.148%, 7d avg +0.070%
=Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and Backpack is 0.078% dearer against HTX than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of +0.070%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.111% in total (about 5.8% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | HTX BNB-USDT | 788.23 | 0.0100 | pay 0.0100% / 8h | 6h 11m | $8.1M | $9.0M | 75x |
| Short | Backpack BNB_USDC_PERP | 789.40 | 0.0390 | get 0.0049% / 1h | 11m 25s | $2.7M | $5.7M | 40x |
HTX BNB-USDT
Backpack BNB_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against HTX. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $60.97
- Price spread: +0.148% → +0.070%
- $7.84
- Slippage, 4 orders
- −$10.12
- Fee HTX: 6 bp × 2 orders
- −$12
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- $36.69
- Costs to cover
- 0.321%
- Break-even
- 2.8 days
Slippage from HTX: live order book, 3 min ago; Backpack: live order book, 3 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, 3 min ago | 3.25 bp | 9.3 bp −$9 | 13.6 bp −$136 | 49.0 bp −$4,901 | doesn't fit |
| Sell Backpack live order book, 3 min ago | 0.06 bp | 5.1 bp −$5 | 6.7 bp −$67 | doesn't fit | 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 | 788.59 | +0.045% | $46K | — | 200x | as long as short |
| Kraken Futures PF_BNBUSD | −0.0132% | 1h | 788.89 | +0.083% | $2.5M | $1.1M | 50x | as long as short |
| Hotstuff BNB-PERP | −0.0080% | 1h | 789.09 | +0.109% | $4K | $239 | 25x | as long as short |
| StandX BNB-USD | 0.0000% | 1h | 789.59 | +0.173% | $853K | $3.2M | 30x | as long as short |
| gTrade (Gains Network) BNB/USD | L +0.0008% / S −0.0007% | 1h | 788.59 | +0.046% | $9.6M | — | 150x | as long as short |
| Aster BNBUSDT | +0.0030% | 8h | 789.02 | +0.101% | $6.1M | $20.1M | 200x | as long as short |
| Injective BNB/USDC PERP | +0.0033% | 1h | 805.09 | +2.139% | $19K | $789K | 30x | as long as short |
| Variational Omni BNB | +0.0044% | 8h | 790.50 | +0.288% | $4.1M | $4.9M | — | as long as short |
| Gate BNB_USDT | +0.0045% | 8h | 788.55 | +0.041% | $35.2M | $57.4M | 75x | as long as short |
| BingX BNB-USDT | +0.0049% | 8h | 788.89 | +0.084% | — | $34.9M | — | as long as short |
GMX BNB/USD [WBTC.b-USDC]
Kraken Futures PF_BNBUSD
Hotstuff BNB-PERP
StandX BNB-USD
gTrade (Gains Network) BNB/USD
Aster BNBUSDT
Injective BNB/USDC PERP
Variational Omni BNB
Gate BNB_USDT
BingX BNB-USDTShow all 45 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International BNB-PERP-INTX | +0.0056% | 1h | 786.59 | −0.208% | $618K | $1.8M | 50x | as long as short |
| Phemex BNBUSDT | +0.0062% | 8h | 789.42 | +0.151% | $69.0M | $50.7M | 50x | as long as short |
| MEXC BNB_USDT | +0.0062% | 8h | 789.70 | +0.186% | $80.3M | $13.1M | 200x | as long as short |
| Binance BNBUSDT | +0.0063% | 8h | 789.41 | +0.150% | $491.1M | $824.7M | 75x | as long as short |
| GRVT BNB_USDT_Perp | +0.0072% | 8h | 788.72 | +0.062% | $2.9M | $28.6M | 10x | as long as short |
| dYdX BNB-USD | +0.0081% | 1h | 788.84 | +0.078% | $159K | $63K | 10x | as long as short |
| Phoenix BNB | +0.0088% | 1h | 788.56 | +0.042% | $169K | $36K | 10x | as long as short |
| Lighter BNB | +0.0096% | 1h | 788.72 | +0.062% | $2.8M | $4.1M | 20x | as long as short |
| Orderly PERP_BNB_USDC | +0.0100% | 8h | 789.00 | +0.098% | $381K | $409K | 50x | as long as short |
| Nado BNB-PERP | +0.0100% | 1h | 788.35 | +0.016% | $1.5M | $2.7M | 20x | as long as short |
| Hyperliquid BNB | +0.0100% | 1h | 789.35 | +0.142% | $51.7M | $19.5M | 10x | as long as short |
| Pacifica BNB | +0.0100% | 1h | 788.82 | +0.075% | $1.2M | $915K | 20x | as long as short |
| Bybit BNBUSDT | +0.0100% | 8h | 788.90 | +0.085% | $139.0M | $79.7M | 75x | as long as short |
| OKX BNB-USDT-SWAP | +0.0100% | 8h | 788.80 | +0.072% | $53.4M | $113.9M | 50x | as long as short |
| Arcus BNB-USD | +0.0100% | 1h | 789.00 | +0.098% | $52K | $135K | 10x | as long as short |
| KuCoin BNBUSDTM | +0.0100% | 8h | 788.58 | +0.044% | $27.8M | $10.5M | 75x | as long as short |
| Bitget BNBUSDT | +0.0100% | 8h | 788.57 | +0.043% | $77.7M | $29.9M | 75x | as long as short |
| edgeX BNBUSDC | +0.0100% | 4h | 788.20 | −0.004% | $4.1M | $77.7M | 30x | as long as short |
| ApeX Omni BNBUSDT | +0.0100% | 1h | 788.71 | +0.061% | $159K | $438K | 50x | as long as short |
| Polymarket Perps BNB-USD | +0.0100% | 1h | 788.57 | +0.043% | $137K | $950K | 10x | as long as short |
| Derive BNB-PERP | +0.0100% | 1h | 788.87 | +0.081% | $31K | $9K | 10x | as long as short |
| SunX BNB-USDT | +0.0100% | 8h | 789.35 | +0.142% | $12K | $1.6M | 50x | as long as short |
| SoDEX BNB-USD | +0.0100% | 1h | 788.90 | +0.085% | $388K | $998K | 10x | as long as short |
| HTX BNB-USDTlong | +0.0100% | 8h | 788.23 | long leg | $8.1M | $9.0M | 75x | |
| Paradex BNB-USD-PERP | +0.0100% | 8h | 789.35 | +0.143% | $77K | $17K | 50x | as long as short |
| Extended BNB-USD | +0.0104% | 1h | 788.32 | +0.011% | $1.8M | $5.9M | 50x | as long as short |
| Aevo BNB-PERP | +0.0104% | 1h | 789.02 | +0.100% | $379K | $110K | 10x | as long as short |
| RISEx BNB/USDC | +0.0131% | 1h | 789.11 | +0.111% | $1.1M | $1.1M | 20x | as long as short |
| Kalshi KXBNBPERP | +0.0161% | 8h | 789.00 | +0.098% | $92K | $2.9M | 4.8x | as long as short |
| Bulk BNB-USD | +0.0244% | 1h | 794.01 | +0.734% | $643K | $13K | 10x | as long as short |
| 01 Exchange BNBUSD | +0.0264% | 1h | 789.34 | +0.141% | $28K | $3K | 10x | as long as short |
| Reya BNBRUSDPERP | +0.0328% | 1h | 788.54 | +0.039% | $6K | $3K | 40x | as long as short |
| Backpack BNB_USDC_PERPshort | +0.0390% | 1h | 789.40 | +0.148% | $2.7M | $5.7M | 40x | |
| Deribit BNB_USDC-PERPETUAL | +0.0400% | 1h | 789.33 | +0.140% | $1.5M | $160K | 25x | as long as short |
| Hibachi BNB/USDT-P | +0.0544% | 1h | 788.77 | +0.068% | $68K | $39K | 12x | as long as short |
Coinbase International BNB-PERP-INTX
Phemex BNBUSDT
MEXC BNB_USDT
Binance BNBUSDT
GRVT BNB_USDT_Perp
dYdX BNB-USD
Phoenix BNB
Lighter BNB
Orderly PERP_BNB_USDC
Nado BNB-PERP
Hyperliquid BNB
Pacifica BNB
Bybit BNBUSDT
OKX BNB-USDT-SWAP
Arcus BNB-USD
KuCoin BNBUSDTM
Bitget BNBUSDT
edgeX BNBUSDC
ApeX Omni BNBUSDT
Polymarket Perps BNB-USD
Derive BNB-PERP
SunX BNB-USDT
SoDEX BNB-USD
Paradex BNB-USD-PERP
Extended BNB-USD
Aevo BNB-PERP
RISEx BNB/USDC
Kalshi KXBNBPERP
Bulk BNB-USD
01 Exchange BNBUSD
Reya BNBRUSDPERP
Deribit BNB_USDC-PERPETUAL
Hibachi BNB/USDT-P