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Funding arb · Price arb /

BNB

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Alert: funding
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Alert: spread
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Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.057%
Price spread now: Hyperliquid against HTX+0.089%7-day average +0.058% · you sell dearer than you buy
Net, funding: paid 7d − costs−$27as in the Funding arb table
Net, price: spread back to 7d avg − costs−$26as in the Price arb table
costs, in and out, $10k−$290.287% of the position
Long on HTXShort on Hyperliquid
What this pair did over the last
the charts below follow
Funding, last 7 days+0.018%+$2 on $10k
Price spread, last 4 days (all we have)+0.368%+$37 · spread now +0.089%, 7d avg +0.058%
Together, before fees+0.386%+ Points / potential airdropHyperliquid: Season 2 · farm board+$39 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: Hyperliquid is 0.031% dearer against HTX than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.058%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHTX BNB-USDT791.350.0100pay 0.0100% / 8h5h 18m$8.1M$9.2M75x
ShortHyperliquid BNB792.050.0100get 0.0013% / 1h18m 40s$52.0M$17.6M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid against HTX. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

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latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$0
Price spread: +0.089% → +0.058%
$3.1
Slippage, 4 orders
−$7.7
Fee HTX: 6 bp × 2 orders
−$12
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$25.6
Costs to cover
0.287%
Break-even
never at this rate
Slippage from HTX: live order book, 5 min ago; Hyperliquid: live order book, 5 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, 5 min ago2.64 bp8.7 bp −$910.3 bp −$10337.0 bp −$3,704doesn't fit
Sell Hyperliquid live order book, 5 min ago0.13 bp5.0 bp −$56.8 bp −$68doesn'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%1h791.48+0.017%$46K—200xas long as short
Hotstuff BNB-PERP−0.0080%1h791.73+0.049%$4K$23925xas long as short
StandX BNB-USD0.0000%1h792.75+0.177%$857K$3.1M30xas long as short
gTrade (Gains Network) BNB/USDL +0.0008% / S −0.0007%1h791.51+0.021%$9.7M—150xas long as short
Injective BNB/USDC PERP+0.0033%1h805.09+1.737%$19K$789K30xas long as short
Coinbase International BNB-PERP-INTX+0.0048%1h792.03+0.086%$615K$1.8M50xas long as short
Aster BNBUSDT+0.0051%8h791.98+0.080%$6.2M$18.7M200xas long as short
Phemex BNBUSDT+0.0054%8h792.11+0.097%$69.4M$50.6M50xas long as short
BingX BNB-USDT+0.0061%8h791.65+0.038%—$34.3M—as long as short
Binance BNBUSDT+0.0076%8h791.97+0.079%$494.8M$795.9M75xas long as short
Show all 46 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC BNB_USDT+0.0076%8h792.40+0.133%$80.5M$12.5M200xas long as short
Kraken Futures PF_BNBUSD+0.0091%1h791.40+0.007%$2.5M$1.2M50xas long as short
Lighter BNB+0.0096%1h791.72+0.048%$2.8M$3.9M20xas long as short
Orderly PERP_BNB_USDC+0.0100%8h791.59+0.031%$266K$498K50xas long as short
Nado BNB-PERP+0.0100%1h791.25−0.012%$1.5M$2.6M20xas long as short
Hyperliquid BNBshort+0.0100%1h792.05+0.089%$52.0M$17.6M10x
Pacifica BNB+0.0100%1h791.64+0.037%$1.2M$908K20xas long as short
Bybit BNBUSDT+0.0100%8h791.40+0.007%$139.3M$77.1M75xas long as short
OKX BNB-USDT-SWAP+0.0100%8h791.30−0.006%$53.7M$111.7M50xas long as short
Arcus BNB-USD+0.0100%1h791.60+0.032%$52K$130K10xas long as short
Gate BNB_USDT+0.0100%8h791.45+0.013%$35.4M$57.2M75xas long as short
KuCoin BNBUSDTM+0.0100%8h791.29−0.007%$27.8M$10.3M75xas long as short
Bitget BNBUSDT+0.0100%8h791.13−0.027%$77.0M$29.9M75xas long as short
Backpack BNB_USDC_PERP+0.0100%1h791.82+0.060%$2.2M$6.1M40xas long as short
Variational Omni BNB+0.0100%8h791.30−0.005%$4.1M$4.6M—as long as short
edgeX BNBUSDC+0.0100%4h792.18+0.105%$4.1M$75.5M30xas long as short
ApeX Omni BNBUSDT+0.0100%1h792.28+0.118%$159K$440K50xas long as short
Polymarket Perps BNB-USD+0.0100%1h791.36+0.002%$134K$949K10xas long as short
Derive BNB-PERP+0.0100%1h791.77+0.053%$31K$12K10xas long as short
SunX BNB-USDT+0.0100%8h792.01+0.084%$12K$1.6M50xas long as short
SoDEX BNB-USD+0.0100%1h791.70+0.045%$389K$1.0M10xas long as short
HTX BNB-USDTlong+0.0100%8h791.35long leg$8.1M$9.2M75x
Paradex BNB-USD-PERP+0.0102%8h792.15+0.101%$77K$17K50xas long as short
Extended BNB-USD+0.0104%1h791.10−0.032%$1.8M$5.9M50xas long as short
Aevo BNB-PERP+0.0104%1h791.52+0.022%$380K$110K10xas long as short
Phoenix BNB+0.0107%1h792.03+0.086%$170K$35K10xas long as short
GRVT BNB_USDT_Perp+0.0144%8h791.54+0.024%$3.0M$28.0M10xas long as short
Kalshi KXBNBPERP+0.0188%8h791.90+0.070%$83K$2.8M4.8xas long as short
BloFin BNB-USDT+0.0196%8h791.81+0.059%$18.1M$2.2M75xas long as short
dYdX BNB-USD+0.0216%1h791.12−0.028%$160K$63K10xas long as short
01 Exchange BNBUSD+0.0296%1h791.94+0.075%$28K$4K10xas long as short
Deribit BNB_USDC-PERPETUAL+0.0300%1h792.02+0.085%$1.5M$143K25xas long as short
Reya BNBRUSDPERP+0.0327%1h791.18−0.021%$6K$3K40xas long as short
RISEx BNB/USDC+0.0361%1h791.75+0.050%$1.1M$1.0M20xas long as short
Bulk BNB-USD+0.0403%1h790.49−0.108%$640K$6K10xas long as short
Hibachi BNB/USDT-P+0.0600%1h791.67+0.041%$68K$38K12xas long as short