Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0316%/8h= +34.6% APRpaid last 24h +0.079%

Price spread now: Hibachi against HTX+0.039%48s7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on HTX Short on Hibachi

What this pair did over the last

the charts below follow

Funding, last 7 days+0.490%+$49 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropHibachi: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and Hibachi is 0.039% dearer against HTX than usual: you sell high and buy low: +$4 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX BNB-USDT	788.71	0.0100	pay 0.0100% / 8h	7h 13m	$8.1M	$10.3M	75x
Short	Hibachi BNB/USDT-P	789.02	0.0416	get 0.0052% / 1h	13m 23s	$68K	$39K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hibachi 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 HibachibpOrdersPrice spread, now +0.039%Rate

Funding earned: $66.36
Price spread: +0.039% → 0.000%: $3.87
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Hibachi: 4.5 bp × 2 orders: −$9
Net: $49.23
Costs to cover: 0.210%
Break-even: 1.8 days

Slippage unknown: HTX: live order book, 1 min ago; Hibachi: no order-book sample. Net counts fees only.

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	1.92 bp	9.7 bp −$10	14.2 bp −$142	46.0 bp −$4,600	doesn't fit
Sell Hibachi no order-book sample	—	—	—	—	—

Hibachi: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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 −0.0166% / S +0.0336%	1h	787.50	−0.153%	$43K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	788.29	−0.053%	$4K	—	25x	as long as short
Kraken Futures PF_BNBUSD	−0.0021%	1h	788.50	−0.027%	$2.5M	$1.2M	50x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	788.94	+0.029%	$3.0M	$26.6M	10x	as long as short
StandX BNB-USD	0.0000%	1h	789.58	+0.110%	$851K	$2.7M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	787.57	−0.144%	$9.5M	—	150x	as long as short
Aster BNBUSDT	+0.0016%	8h	788.10	−0.077%	$6.0M	$17.9M	200x	as long as short
BingX BNB-USDC	+0.0028%	8h	788.17	−0.068%	—	$13.4M	—	as long as short
MEXC BNB_USDT	+0.0033%	8h	789.30	+0.075%	$82.9M	$12.4M	200x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.077%	$19K	$789K	30x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance BNBUSDT	+0.0034%	8h	788.02	−0.087%	$488.4M	$798.8M	75x	as long as short
Lighter BNB	+0.0096%	1h	787.94	−0.097%	$2.7M	$3.7M	20x	as long as short
Nado BNB-PERP	+0.0100%	1h	787.60	−0.141%	$1.4M	$2.6M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	788.32	−0.049%	$51.8M	$17.4M	10x	as long as short
Pacifica BNB	+0.0100%	1h	788.07	−0.082%	$1.2M	$936K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	787.40	−0.166%	$138.8M	$71.7M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	787.40	−0.166%	$53.6M	$108.5M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	787.90	−0.103%	$52K	$124K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	787.65	−0.134%	$39.7M	$56.5M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	787.42	−0.164%	$27.8M	$9.7M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	787.17	−0.195%	$75.7M	$32.4M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	788.83	+0.015%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	788.74	+0.003%	$4.3M	$5.0M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	789.02	+0.040%	$4.1M	$76.8M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	789.03	+0.041%	$159K	$440K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	787.44	−0.161%	$130K	$919K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	787.48	−0.156%	$265K	$304K	50x	as long as short
SunX BNB-USDT	+0.0100%	8h	789.08	+0.047%	$12K	$1.5M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	788.80	+0.011%	$388K	$940K	10x	as long as short
HTX BNB-USDTlong	+0.0100%	8h	788.71	long leg	$8.1M	$10.3M	75x
Paradex BNB-USD-PERP	+0.0100%	8h	788.07	−0.082%	$78K	$47K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	787.49	−0.155%	$1.8M	$5.8M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	788.56	−0.018%	$379K	$110K	10x	as long as short
Kalshi KXBNBPERP	+0.0108%	8h	789.50	+0.100%	$159K	$2.6M	4.8x	as long as short
Phemex BNBUSDT	+0.0120%	8h	788.89	+0.023%	$68.7M	$51.3M	50x	as long as short
Coinbase International BNB-PERP-INTX	+0.0120%	1h	788.70	−0.001%	$551K	$2.0M	50x	as long as short
Phoenix BNB	+0.0120%	1h	789.48	+0.098%	$159K	$38K	10x	as long as short
BloFin BNB-USDT	+0.0136%	8h	789.22	+0.065%	$17.8M	$2.3M	75x	as long as short
Bulk BNB-USD	+0.0154%	1h	788.26	−0.057%	$639K	$0	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0200%	1h	789.03	+0.041%	$1.5M	$141K	25x	as long as short
dYdX BNB-USD	+0.0203%	1h	788.19	−0.066%	$158K	$63K	10x	as long as short
01 Exchange BNBUSD	+0.0232%	1h	788.22	−0.062%	$28K	$3K	10x	as long as short
Reya BNBRUSDPERP	+0.0319%	1h	787.35	−0.172%	$6K	$3K	40x	as long as short
RISEx BNB/USDC	+0.0355%	1h	788.05	−0.084%	$1.1M	$890K	20x	as long as short
Hibachi BNB/USDT-Pshort	+0.0416%	1h	789.02	+0.039%	$68K	$39K	12x