Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0022%/8h= +2.4% APRpaid last 24h +0.097%

Price spread now: dYdX against HTX−0.004%7-day average +0.014% · you buy dearer than you sell

Net, funding: paid 7d − costs−$12as in the Funding arb table

Net, price: spread back to 7d avg − costs−$55as in the Price arb table

costs, in and out, $10k−$530.532% of the position

Long on HTX Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.416%+$42 on $10k

Price spread, last 4 days (all we have)+0.144%+$14 · spread now −0.004%, 7d avg +0.014%

Together, before fees+0.560%+$56 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.014%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX BNB-USDT	788.60	0.0100	pay 0.0100% / 8h	4h 02m	$8.1M	$9.5M	75x
Short	dYdX BNB-USD	788.57	0.0122	get 0.0015% / 1h	2m 00s	$160K	$64K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX 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 dYdXbpOrdersPrice spread, now −0.004%Rate

Funding earned: $4.52
Price spread: −0.004% → +0.014%: −$1.77
Slippage, 4 orders: −$31.18
Fee HTX: 6 bp × 2 orders: −$12
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$50.43
Costs to cover: 0.532%
Break-even: 85.1 days

Slippage from HTX: live order book, 2 min ago; dYdX: live order book, 57 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, 2 min ago	1.73 bp	11.4 bp −$11	13.6 bp −$136	47.9 bp −$4,786	doesn't fit
Sell dYdX live order book, 57 min ago	11.42 bp	17.6 bp −$18	44.4 bp −$444	55.7 bp −$5,566	166.8 bp −$83.4K

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 −0.0190% / S +0.0354%	1h	788.92	+0.041%	$46K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	789.21	+0.077%	$4K	$42	25x	as long as short
StandX BNB-USD	0.0000%	1h	789.04	+0.056%	$851K	$3.2M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	788.98	+0.049%	$9.5M	—	150x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.091%	$19K	$789K	30x	as long as short
Aster BNBUSDT	+0.0035%	8h	789.66	+0.135%	$6.1M	$18.7M	200x	as long as short
BingX BNB-USDT	+0.0046%	8h	789.03	+0.055%	—	$34.4M	—	as long as short
MEXC BNB_USDT	+0.0057%	8h	789.90	+0.165%	$80.1M	$12.4M	200x	as long as short
Binance BNBUSDT	+0.0058%	8h	789.57	+0.123%	$492.8M	$791.4M	75x	as long as short
Phemex BNBUSDT	+0.0060%	8h	789.60	+0.127%	$69.0M	$50.3M	50x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International BNB-PERP-INTX	+0.0064%	1h	788.26	−0.043%	$579K	$1.9M	50x	as long as short
Lighter BNB	+0.0096%	1h	789.24	+0.081%	$2.7M	$3.9M	20x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	789.10	+0.064%	$265K	$492K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	788.65	+0.006%	$1.5M	$2.5M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	789.52	+0.117%	$51.8M	$17.5M	10x	as long as short
Pacifica BNB	+0.0100%	1h	788.92	+0.041%	$1.2M	$931K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	788.82	+0.028%	$138.8M	$74.0M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	788.90	+0.038%	$53.4M	$111.3M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	788.90	+0.038%	$52K	$130K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	788.90	+0.038%	$35.5M	$57.7M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	788.87	+0.034%	$28.1M	$10.4M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	788.74	+0.018%	$76.4M	$30.2M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	789.46	+0.109%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	787.71	−0.112%	$4.1M	$4.7M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	788.39	−0.027%	$4.1M	$73.2M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	788.05	−0.070%	$159K	$440K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	788.76	+0.020%	$133K	$950K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	789.14	+0.069%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	789.29	+0.088%	$12K	$1.5M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	789.20	+0.076%	$388K	$1.0M	10x	as long as short
HTX BNB-USDTlong	+0.0100%	8h	788.60	long leg	$8.1M	$9.5M	75x
Paradex BNB-USD-PERP	+0.0100%	8h	789.17	+0.072%	$77K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	788.63	+0.004%	$1.8M	$6.1M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	789.04	+0.055%	$379K	$110K	10x	as long as short
Phoenix BNB	+0.0117%	1h	788.48	−0.015%	$169K	$35K	10x	as long as short
dYdX BNB-USDshort	+0.0122%	1h	788.57	−0.004%	$160K	$64K	10x
GRVT BNB_USDT_Perp	+0.0154%	8h	788.72	+0.015%	$2.9M	$28.6M	10x	as long as short
Kalshi KXBNBPERP	+0.0177%	8h	789.30	+0.089%	$133K	$2.7M	4.8x	as long as short
BloFin BNB-USDT	+0.0178%	8h	789.48	+0.112%	$18.1M	$2.2M	75x	as long as short
Bulk BNB-USD	+0.0216%	1h	788.57	−0.004%	$639K	$9K	10x	as long as short
01 Exchange BNBUSD	+0.0232%	1h	789.35	+0.095%	$28K	$4K	10x	as long as short
Kraken Futures PF_BNBUSD	+0.0263%	1h	788.96	+0.046%	$2.5M	$1.2M	50x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	789.50	+0.114%	$1.5M	$143K	25x	as long as short
Reya BNBRUSDPERP	+0.0325%	1h	788.60	+0.001%	$6K	$3K	40x	as long as short
Hibachi BNB/USDT-P	+0.0360%	1h	788.80	+0.026%	$67K	$38K	12x	as long as short
RISEx BNB/USDC	+0.0461%	1h	789.05	+0.057%	$1.1M	$967K	20x	as long as short