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

BNB

all BNB markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0090%/8h= +9.9% APRnext payment +$0.90 per $10,000 · paid last 24h +0.038%
Price spread now: BloFin against HTX+0.054%59s7-day average +0.100% · you sell dearer than you buy
Net, funding: paid 7d − costs−$14as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$310.309% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.167%+$17 on $10k
Price spread, last 4 days (all we have)+0.042%+$4 · spread now +0.054%, 7d avg +0.100%
Together, before fees+0.209%+$21 on $10k · with fees, hour by hour
Funding pays, the price is against you. BloFin is 0.046% cheaper against HTX than usual: you would sell low and buy high (spread +0.054% now, against its 7-day average of +0.100%). If the spread goes back, that is −$5 on $10k: about 40 hours of funding at the current rate (+$3 a day). The two prices were read 59 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHTX BNB-USDT790.760.0100pay 0.0100% / 8h4h 52m$8.1M$9.3M75x
ShortBloFin BNB-USDT791.190.0190get 0.0190% / 8h4h 52m$18.2M$2.2M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BloFin 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
$18.91
Price spread: +0.054% → +0.100%
−$4.55
Slippage, 4 orders
−$6.94
Fee HTX: 6 bp × 2 orders
−$12
Fee BloFin: 6 bp × 2 orders
−$12
Net
−$16.58
Costs to cover
0.309%
Break-even
13.1 days
Slippage from HTX: live order book, 2 min ago; BloFin: live order book, 7 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, 2 min ago1.23 bp7.8 bp −$810.4 bp −$10440.2 bp −$4,018doesn't fit
Sell BloFin live order book, 7 min ago0.06 bp6.1 bp −$66.1 bp −$6115.5 bp −$1,550doesn't fit

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 −0.0183% / S +0.0348%1h789.59−0.148%$46K200xas long as short
Hotstuff BNB-PERP−0.0080%1h790.04−0.091%$4K$4225xas long as short
StandX BNB-USD0.0000%1h791.25+0.062%$855K$3.2M30xas long as short
gTrade (Gains Network) BNB/USDL +0.0007% / S −0.0007%1h789.65−0.140%$9.5M150xas long as short
Injective BNB/USDC PERP+0.0033%1h805.09+1.812%$19K$789K30xas long as short
Aster BNBUSDT+0.0046%8h790.30−0.058%$6.1M$18.7M200xas long as short
BingX BNB-USDC+0.0056%8h790.13−0.080%$13.4Mas long as short
Coinbase International BNB-PERP-INTX+0.0064%1h790.64−0.015%$583K$1.9M50xas long as short
Phemex BNBUSDT+0.0068%8h790.26−0.063%$69.2M$49.9M50xas long as short
Binance BNBUSDT+0.0069%8h790.17−0.075%$493.1M$789.5M75xas long as short
Show all 46 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC BNB_USDT+0.0070%8h790.50−0.033%$80.2M$12.2M200xas long as short
Lighter BNB+0.0096%1h789.84−0.117%$2.7M$3.8M20xas long as short
Orderly PERP_BNB_USDC+0.0100%8h789.65−0.141%$266K$498K50xas long as short
Nado BNB-PERP+0.0100%1h790.05−0.090%$1.5M$2.6M20xas long as short
Hyperliquid BNB+0.0100%1h790.30−0.058%$51.9M$17.5M10xas long as short
Pacifica BNB+0.0100%1h790.16−0.076%$1.2M$931K20xas long as short
Bybit BNBUSDT+0.0100%8h789.43−0.168%$138.9M$74.9M75xas long as short
OKX BNB-USDT-SWAP+0.0100%8h789.50−0.160%$53.4M$111.5M50xas long as short
Arcus BNB-USD+0.0100%1h789.80−0.122%$52K$130K10xas long as short
Gate BNB_USDT+0.0100%8h789.60−0.147%$35.4M$56.5M75xas long as short
KuCoin BNBUSDTM+0.0100%8h789.55−0.153%$27.6M$10.3M75xas long as short
Bitget BNBUSDT+0.0100%8h789.28−0.187%$76.4M$30.4M75xas long as short
Backpack BNB_USDC_PERP+0.0100%1h790.37−0.050%$2.2M$6.1M40xas long as short
Variational Omni BNB+0.0100%8h790.82+0.007%$4.1M$4.6Mas long as short
edgeX BNBUSDC+0.0100%4h791.43+0.084%$4.1M$74.4M30xas long as short
ApeX Omni BNBUSDT+0.0100%1h790.18−0.074%$159K$441K50xas long as short
Polymarket Perps BNB-USD+0.0100%1h789.60−0.147%$133K$950K10xas long as short
Derive BNB-PERP+0.0100%1h789.75−0.127%$31K$12K10xas long as short
SunX BNB-USDT+0.0100%8h790.13−0.079%$12K$1.5M50xas long as short
SoDEX BNB-USD+0.0100%1h789.90−0.109%$388K$1.0M10xas long as short
HTX BNB-USDTlong+0.0100%8h790.76long leg$8.1M$9.3M75x
Paradex BNB-USD-PERP+0.0101%8h790.37−0.049%$77K$17K50xas long as short
Extended BNB-USD+0.0104%1h789.14−0.206%$1.8M$5.9M50xas long as short
Aevo BNB-PERP+0.0104%1h789.65−0.141%$379K$110K10xas long as short
dYdX BNB-USD+0.0114%1h789.76−0.127%$160K$64K10xas long as short
Phoenix BNB+0.0117%1h791.15+0.049%$170K$35K10xas long as short
GRVT BNB_USDT_Perp+0.0136%8h790.47−0.037%$2.9M$28.0M10xas long as short
Kalshi KXBNBPERP+0.0184%8h790.70−0.008%$113K$2.7M4.8xas long as short
BloFin BNB-USDTshort+0.0190%8h791.19+0.054%$18.2M$2.2M75x
01 Exchange BNBUSD+0.0232%1h790.12−0.081%$28K$4K10xas long as short
Kraken Futures PF_BNBUSD+0.0263%1h789.44−0.167%$2.5M$1.2M50xas long as short
Bulk BNB-USD+0.0296%1h791.64+0.111%$641K$9K10xas long as short
Deribit BNB_USDC-PERPETUAL+0.0300%1h790.06−0.089%$1.5M$143K25xas long as short
Reya BNBRUSDPERP+0.0326%1h789.35−0.178%$6K$3K40xas long as short
RISEx BNB/USDC+0.0461%1h789.89−0.110%$1.1M$975K20xas long as short
Hibachi BNB/USDT-P+0.0544%1h790.81+0.006%$68K$38K12xas long as short