Settings8H · net · $10k
Funding arb · Price arb /

BNB

all BNB markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.0021%/8h= +2.3% APRnext payment +$0.21 per $10,000 · paid last 24h +0.011%
Price spread now: Binance against HTX+0.233%7-day average +0.095% · you sell dearer than you buy
Net, funding: paid 7d − costs−$35as in the Funding arb table
Net, price: spread back to 7d avg − costs−$15as in the Price arb table
costs, in and out, $10k−$290.288% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.066%−$7 on $10k
Price spread, last 3 days (all we have)−0.026%−$3 · spread now +0.233%, 7d avg +0.095%
Together, before fees−0.091%−$9 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Binance is 0.138% dearer against HTX than usual: you sell high and buy low: +$14 more if the spread goes back to its 7-day average of +0.095%. Mind the row above: over the last 7 days funding on this pair cost −0.066%, so the current rate has only just turned in your favour.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHTX BNB-USDT800.970.0100pay 0.0100% / 8h58m 31s$8.2M$7.9M75x
ShortBinance BNBUSDT802.840.0121get 0.0121% / 8h58m 31s$502.4M$818.9M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Binance 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

Funding earned
$4.4
Price spread: +0.233% → +0.095%
$13.81
Slippage, 4 orders
−$6.83
Fee HTX: 6 bp × 2 orders
−$12
Fee Binance: 5 bp × 2 orders
−$10
Net
−$10.63
Costs to cover
0.288%
Break-even
23.9 days
Slippage from HTX: live order book, 6 min ago; Binance: live order book, 15 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy HTX live order book, 6 min ago2.38 bp8.8 bp −$911.7 bp −$11738.5 bp −$3,851doesn't fit
Sell Binance live order book, 15 min ago0.06 bp5.2 bp −$57.2 bp −$7210.0 bp −$1,00110.6 bp −$5,304

BNB on 46 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GMX BNB/USD [WBTC.b-USDC]L −0.0201% / S +0.0372%1h800.94−0.004%$48K200xas long as short
Hotstuff BNB-PERP−0.0080%1h802.08+0.138%$4K$1K25xas long as short
Kraken Futures PF_BNBUSD−0.0074%1h801.15+0.022%$2.6M$969K50xas long as short
GRVT BNB_USDT_Perp0.0000%8h800.99+0.002%$3.0M$28.4M10xas long as short
StandX BNB-USD0.0000%1h802.01+0.130%$867K$2.9M30xas long as short
gTrade (Gains Network) BNB/USDL +0.0008% / S −0.0007%1h800.92−0.006%$9.8M150xas long as short
Variational Omni BNB+0.0031%8h800.04−0.116%$4.2M$5.4Mas long as short
BingX BNB-USDT+0.0052%8h802.15+0.147%$34.8Mas long as short
Bybit BNBUSDT+0.0066%8h801.81+0.105%$139.4M$78.6M75xas long as short
Coinbase International BNB-PERP-INTX+0.0072%1h800.72−0.031%$607K$998K50xas long as short
Show all 46 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter BNB+0.0096%1h802.05+0.135%$2.8M$4.1M20xas long as short
Nado BNB-PERP+0.0100%1h801.96+0.124%$1.4M$2.7M20xas long as short
Pacifica BNB+0.0100%1h802.00+0.128%$1.2M$926K20xas long as short
OKX BNB-USDT-SWAP+0.0100%8h802.10+0.141%$54.8M$113.8M50xas long as short
Arcus BNB-USD+0.0100%1h802.50+0.191%$53K$134K10xas long as short
Gate BNB_USDT+0.0100%8h801.50+0.066%$35.8M$57.3M75xas long as short
KuCoin BNBUSDTM+0.0100%8h801.72+0.094%$28.0M$10.3M75xas long as short
Bitget BNBUSDT+0.0100%8h801.91+0.117%$79.8M$27.3M75xas long as short
edgeX BNBUSDC+0.0100%4h800.55−0.053%$4.2M$77.7M30xas long as short
ApeX Omni BNBUSDT+0.0100%1h800.56−0.051%$161K$442K50xas long as short
Polymarket Perps BNB-USD+0.0100%1h802.24+0.158%$119K$874K10xas long as short
Orderly PERP_BNB_USDC+0.0100%8h800.99+0.002%$387K$489K50xas long as short
Derive BNB-PERP+0.0100%1h801.18+0.026%$32K$5K10xas long as short
SunX BNB-USDT+0.0100%8h801.40+0.054%$13K$1.7M50xas long as short
HTX BNB-USDTlong+0.0100%8h800.97long leg$8.2M$7.9M75x
Paradex BNB-USD-PERP+0.0100%8h802.56+0.199%$78K$19K50xas long as short
Aster BNBUSDT+0.0100%8h802.62+0.206%$6.4M$18.9M200xas long as short
Extended BNB-USD+0.0104%1h801.64+0.083%$1.9M$6.3M50xas long as short
Aevo BNB-PERP+0.0104%1h801.34+0.046%$385K$40K10xas long as short
Phemex BNBUSDT+0.0114%8h801.43+0.057%$70.1M$51.0M50xas long as short
Kalshi KXBNBPERP+0.0117%8h801.10+0.016%$109K$2.9M4.8xas long as short
MEXC BNB_USDT+0.0120%8h802.70+0.216%$83.4M$13.5M200xas long as short
Binance BNBUSDTshort+0.0121%8h802.84+0.233%$502.4M$818.9M75x
Phoenix BNB+0.0155%1h800.77−0.025%$172K$34K10xas long as short
BloFin BNB-USDT+0.0241%8h801.83+0.107%$18.2M$2.5M75xas long as short
SoDEX BNB-USD+0.0247%1h801.30+0.041%$394K$1.0M10xas long as short
Hibachi BNB/USDT-P+0.0248%1h801.14+0.021%$71K$48K12xas long as short
RISEx BNB/USDC+0.0258%1h802.33+0.170%$1.1M$1.4M20xas long as short
Bulk BNB-USD+0.0289%1h801.15+0.022%$651K$20K10xas long as short
Deribit BNB_USDC-PERPETUAL+0.0300%1h801.56+0.074%$1.6M$165K25xas long as short
Injective BNB/USDC PERP+0.0306%1h805.09+0.514%$19K$789K30xas long as short
Reya BNBRUSDPERP+0.0332%1h801.83+0.107%$6K$3K40xas long as short
Hyperliquid BNB+0.0366%1h803.02+0.256%$52.0M$21.6M10xas long as short
Backpack BNB_USDC_PERP+0.0412%1h802.31+0.167%$2.7M$5.7M40xas long as short
01 Exchange BNBUSD+0.0432%1h803.13+0.270%$28K$1K10xas long as short
dYdX BNB-USD+0.0465%1h801.56+0.073%$162K$62K10xas long as short