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

BNB

all BNB markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%
Price spread now: Extended against HTX−0.003%7-day average −0.043% · you buy dearer than you sell
Net, funding: paid 7d − costs−$29as in the Funding arb table
Net, price: spread back to 7d avg − costs−$23as in the Price arb table
costs, in and out, $10k−$270.267% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.019%−$2 on $10k
Price spread, last 4 days (all we have)+0.295%+$29 · spread now −0.003%, 7d avg −0.043%
Together, before fees+0.276%+ Points / potential airdropExtended: Active · farm board+$28 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: Extended is 0.039% dearer against HTX than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.043%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHTX BNB-USDT789.070.0100pay 0.0100% / 8h5h 42m$8.1M$9.1M75x
ShortExtended BNB-USD789.040.0104get 0.0013% / 1h42m 55s$1.8M$5.9M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended 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
$0.84
Price spread: −0.003% → −0.043%
$3.92
Slippage, 4 orders
−$9.75
Fee HTX: 6 bp × 2 orders
−$12
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$21.99
Costs to cover
0.267%
Break-even
190.2 days
Slippage from HTX: live order book, 1 min ago; Extended: live order book, 1 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, 1 min ago2.22 bp11.5 bp −$1113.1 bp −$13139.6 bp −$3,956doesn't fit
Sell Extended live order book, 1 min ago0.25 bp3.4 bp −$34.8 bp −$48doesn't fitdoesn'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 −0.0167% / S +0.0335%1h788.74−0.042%$46K200xas long as short
Hotstuff BNB-PERP−0.0080%1h788.72−0.044%$4K$23925xas long as short
StandX BNB-USD0.0000%1h789.10+0.004%$853K$3.2M30xas long as short
gTrade (Gains Network) BNB/USDL +0.0008% / S −0.0007%1h788.84−0.029%$9.6M150xas long as short
Injective BNB/USDC PERP+0.0033%1h805.09+2.031%$19K$789K30xas long as short
Aster BNBUSDT+0.0040%8h789.79+0.091%$6.2M$18.7M200xas long as short
Coinbase International BNB-PERP-INTX+0.0048%1h789.09+0.003%$618K$1.8M50xas long as short
BingX BNB-USDC+0.0055%8h788.70−0.047%$13.3Mas long as short
Phemex BNBUSDT+0.0071%8h789.40+0.042%$69.1M$51.0M50xas long as short
MEXC BNB_USDT+0.0072%8h790.10+0.131%$80.4M$12.4M200xas long as short
Show all 46 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance BNBUSDT+0.0073%8h790.01+0.119%$494.3M$806.6M75xas long as short
Variational Omni BNB+0.0078%8h787.81−0.159%$4.1M$4.7Mas long as short
Kraken Futures PF_BNBUSD+0.0091%1h789.23+0.020%$2.5M$1.2M50xas long as short
Lighter BNB+0.0096%1h789.47+0.052%$2.8M$3.9M20xas long as short
Gate BNB_USDT+0.0096%8h789.05−0.002%$35.3M$56.8M75xas long as short
Orderly PERP_BNB_USDC+0.0100%8h788.95−0.015%$265K$497K50xas long as short
Nado BNB-PERP+0.0100%1h788.85−0.028%$1.5M$2.6M20xas long as short
Hyperliquid BNB+0.0100%1h789.76+0.088%$51.8M$18.4M10xas long as short
Pacifica BNB+0.0100%1h789.18+0.014%$1.2M$909K20xas long as short
Bybit BNBUSDT+0.0100%8h789.27+0.026%$138.8M$77.4M75xas long as short
OKX BNB-USDT-SWAP+0.0100%8h789.20+0.017%$53.5M$112.5M50xas long as short
Arcus BNB-USD+0.0100%1h789.20+0.017%$52K$130K10xas long as short
KuCoin BNBUSDTM+0.0100%8h789.02−0.006%$27.7M$10.4M75xas long as short
Bitget BNBUSDT+0.0100%8h789.15+0.011%$76.9M$30.0M75xas long as short
Backpack BNB_USDC_PERP+0.0100%1h789.48+0.052%$2.2M$6.1M40xas long as short
edgeX BNBUSDC+0.0100%4h788.50−0.072%$4.1M$77.0M30xas long as short
ApeX Omni BNBUSDT+0.0100%1h788.65−0.053%$159K$439K50xas long as short
Polymarket Perps BNB-USD+0.0100%1h788.68−0.049%$137K$944K10xas long as short
Derive BNB-PERP+0.0100%1h789.32+0.032%$31K$12K10xas long as short
SunX BNB-USDT+0.0100%8h789.33+0.034%$12K$1.6M50xas long as short
HTX BNB-USDTlong+0.0100%8h789.07long leg$8.1M$9.1M75x
Paradex BNB-USD-PERP+0.0103%8h789.71+0.082%$77K$17K50xas long as short
Extended BNB-USDshort+0.0104%1h789.04−0.003%$1.8M$5.9M50x
Aevo BNB-PERP+0.0104%1h789.22+0.019%$379K$110K10xas long as short
Phoenix BNB+0.0107%1h788.34−0.092%$169K$35K10xas long as short
GRVT BNB_USDT_Perp+0.0122%8h788.59−0.060%$2.9M$28.3M10xas long as short
SoDEX BNB-USD+0.0167%1h789.30+0.030%$388K$1.0M10xas long as short
Kalshi KXBNBPERP+0.0183%8h789.50+0.055%$95K$2.8M4.8xas long as short
BloFin BNB-USDT+0.0193%8h789.60+0.068%$18.2M$2.3M75xas long as short
dYdX BNB-USD+0.0244%1h788.96−0.014%$160K$63K10xas long as short
01 Exchange BNBUSD+0.0304%1h789.59+0.066%$28K$4K10xas long as short
Reya BNBRUSDPERP+0.0328%1h788.60−0.059%$6K$3K40xas long as short
RISEx BNB/USDC+0.0361%1h789.17+0.014%$1.1M$1.0M20xas long as short
Bulk BNB-USD+0.0373%1h788.05−0.128%$638K$13K10xas long as short
Deribit BNB_USDC-PERPETUAL+0.0500%1h789.68+0.078%$1.5M$152K25xas long as short
Hibachi BNB/USDT-P+0.0576%1h788.44−0.079%$67K$38K12xas long as short