Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.009%

Price spread now: Bybit against HTX+0.155%7-day average −0.017% · you sell dearer than you buy

Net, funding: paid 7d − costs−$43as in the Funding arb table

Net, price: spread back to 7d avg − costs−$15as in the Price arb table

costs, in and out, $10k−$320.322% of the position

Long on HTX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.113%−$11 on $10k

Price spread, last 3 days (all we have)−0.102%−$10 · spread now +0.155%, 7d avg −0.017%

Together, before fees−0.216%−$22 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: Bybit is 0.172% dearer against HTX than usual: you sell high and buy low, +$17 on $10k if it goes back to its 7-day average of −0.017%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX BNB-USDT	792.54	0.0100	pay 0.0100% / 8h	6h 32m	$8.1M	$8.8M	75x
Short	Bybit BNBUSDT	793.77	0.0100	get 0.0100% / 8h	6h 32m	$138.5M	$76.5M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.155%Rate

Funding earned: $0
Price spread: +0.155% → −0.017%: $17.19
Slippage, 4 orders: −$9.16
Fee HTX: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$14.98
Costs to cover: 0.322%
Break-even: never at this rate

Slippage from HTX: live order book, 1 min ago; Bybit: live order book, 1 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	1.17 bp	7.2 bp −$7	10.2 bp −$102	45.0 bp −$4,500	doesn't fit
Sell Bybit live order book, 1 min ago	0.63 bp	6.7 bp −$7	9.6 bp −$96	25.2 bp −$2,520	107.2 bp −$53.6K

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	792.91	+0.046%	$46K	—	200x	as long as short
Kraken Futures PF_BNBUSD	−0.0132%	1h	792.78	+0.030%	$2.5M	$1.0M	50x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	794.21	+0.210%	$4K	$239	25x	as long as short
StandX BNB-USD	0.0000%	1h	793.47	+0.117%	$857K	$3.1M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	792.87	+0.041%	$9.7M	—	150x	as long as short
Gate BNB_USDT	+0.0015%	8h	793.30	+0.096%	$35.3M	$55.8M	75x	as long as short
Variational Omni BNB	+0.0021%	8h	792.33	−0.027%	$4.0M	$4.9M	—	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+1.583%	$19K	$789K	30x	as long as short
Aster BNBUSDT	+0.0034%	8h	794.10	+0.197%	$6.1M	$19.8M	200x	as long as short
GRVT BNB_USDT_Perp	+0.0045%	8h	793.31	+0.096%	$3.0M	$28.8M	10x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX BNB-USDC	+0.0049%	8h	793.75	+0.152%	—	$13.3M	—	as long as short
Coinbase International BNB-PERP-INTX	+0.0056%	1h	791.17	−0.173%	$607K	$1.1M	50x	as long as short
dYdX BNB-USD	+0.0063%	1h	793.27	+0.092%	$160K	$63K	10x	as long as short
MEXC BNB_USDT	+0.0063%	8h	794.50	+0.247%	$82.4M	$12.8M	200x	as long as short
Binance BNBUSDT	+0.0063%	8h	794.55	+0.253%	$494.3M	$812.8M	75x	as long as short
Phemex BNBUSDT	+0.0067%	8h	793.38	+0.106%	$69.4M	$50.7M	50x	as long as short
Phoenix BNB	+0.0088%	1h	792.22	−0.041%	$170K	$36K	10x	as long as short
Lighter BNB	+0.0096%	1h	794.00	+0.184%	$2.8M	$4.0M	20x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	793.04	+0.063%	$383K	$409K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	793.10	+0.070%	$1.4M	$2.7M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	794.11	+0.198%	$52.1M	$19.8M	10x	as long as short
Pacifica BNB	+0.0100%	1h	794.05	+0.191%	$1.2M	$926K	20x	as long as short
Bybit BNBUSDTshort	+0.0100%	8h	793.77	+0.155%	$138.5M	$76.5M	75x
OKX BNB-USDT-SWAP	+0.0100%	8h	793.70	+0.146%	$53.2M	$110.6M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	794.10	+0.197%	$52K	$134K	10x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	793.64	+0.139%	$27.7M	$10.1M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	793.66	+0.141%	$77.3M	$28.3M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	793.22	+0.085%	$4.1M	$77.1M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	793.21	+0.084%	$159K	$436K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	792.80	+0.033%	$111K	$888K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	793.10	+0.071%	$32K	$9K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	793.60	+0.133%	$13K	$1.6M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	793.10	+0.070%	$390K	$995K	10x	as long as short
HTX BNB-USDTlong	+0.0100%	8h	792.54	long leg	$8.1M	$8.8M	75x
Paradex BNB-USD-PERP	+0.0100%	8h	794.11	+0.198%	$77K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	792.99	+0.057%	$1.7M	$5.9M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	792.93	+0.049%	$381K	$110K	10x	as long as short
RISEx BNB/USDC	+0.0131%	1h	792.88	+0.043%	$1.1M	$1.3M	20x	as long as short
Kalshi KXBNBPERP	+0.0163%	8h	793.50	+0.121%	$111K	$2.8M	4.8x	as long as short
Bulk BNB-USD	+0.0175%	1h	792.60	+0.007%	$642K	$16K	10x	as long as short
01 Exchange BNBUSD	+0.0248%	1h	793.18	+0.081%	$28K	$2K	10x	as long as short
Reya BNBRUSDPERP	+0.0329%	1h	792.61	+0.009%	$6K	$3K	40x	as long as short
Backpack BNB_USDC_PERP	+0.0395%	1h	793.78	+0.156%	$2.7M	$5.7M	40x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0400%	1h	793.43	+0.112%	$1.6M	$161K	25x	as long as short
Hibachi BNB/USDT-P	+0.0528%	1h	793.73	+0.150%	$68K	$38K	12x	as long as short