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 0.000%

Price spread now: KuCoin against HTX−0.002%7-day average +0.001% · you buy dearer than you sell

Net, funding: paid 7d − costs−$44as in the Funding arb table

Net, price: spread back to 7d avg − costs−$42as in the Price arb table

costs, in and out, $10k−$410.412% of the position

Long on HTX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.032%−$3 on $10k

Price spread, last 4 days (all we have)+0.118%+$12 · spread now −0.002%, 7d avg +0.001%

Together, before fees+0.086%+$9 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX BNB-USDT	786.81	0.0100	pay 0.0100% / 8h	2h 55m	$8.1M	$9.8M	75x
Short	KuCoin BNBUSDTM	786.79	0.0100	get 0.0100% / 8h	2h 55m	$27.6M	$10.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.002%Rate

Funding earned: $0
Price spread: −0.002% → +0.001%: −$0.3
Slippage, 4 orders: −$17.22
Fee HTX: 6 bp × 2 orders: −$12
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$41.52
Costs to cover: 0.412%
Break-even: never at this rate

Slippage from HTX: live order book, 3 min ago; KuCoin: live order book, 8 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, 3 min ago	2.60 bp	8.6 bp −$9	12.4 bp −$124	73.4 bp −$7,343	doesn't fit
Sell KuCoin live order book, 8 min ago	0.51 bp	12.4 bp −$12	19.2 bp −$192	46.7 bp −$4,671	doesn't fit

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 −0.0192% / S +0.0356%	1h	786.63	−0.022%	$46K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	786.27	−0.068%	$4K	$42	25x	as long as short
StandX BNB-USD	0.0000%	1h	787.79	+0.125%	$850K	$3.1M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	786.76	−0.006%	$9.5M	—	150x	as long as short
Aster BNBUSDT	+0.0027%	8h	787.64	+0.106%	$6.1M	$19.1M	200x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.324%	$19K	$789K	30x	as long as short
BingX BNB-USDT	+0.0034%	8h	787.18	+0.048%	—	$22.3M	—	as long as short
MEXC BNB_USDT	+0.0047%	8h	787.90	+0.139%	$79.8M	$11.8M	200x	as long as short
Binance BNBUSDT	+0.0048%	8h	787.67	+0.110%	$490.3M	$805.3M	75x	as long as short
Phemex BNBUSDT	+0.0052%	8h	787.67	+0.110%	$68.9M	$50.7M	50x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_BNBUSD	+0.0069%	1h	786.80	0.000%	$2.5M	$1.2M	50x	as long as short
Coinbase International BNB-PERP-INTX	+0.0080%	1h	787.21	+0.051%	$579K	$1.9M	50x	as long as short
Phoenix BNB	+0.0092%	1h	786.98	+0.022%	$169K	$35K	10x	as long as short
Lighter BNB	+0.0096%	1h	787.21	+0.051%	$2.7M	$3.8M	20x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	786.86	+0.007%	$265K	$491K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	786.60	−0.026%	$1.4M	$2.7M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	787.58	+0.098%	$51.6M	$17.5M	10x	as long as short
Pacifica BNB	+0.0100%	1h	786.83	+0.003%	$1.2M	$934K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	786.90	+0.012%	$138.2M	$74.1M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	787.00	+0.025%	$53.4M	$111.9M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	786.80	−0.001%	$52K	$133K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	786.95	+0.018%	$36.1M	$57.7M	75x	as long as short
KuCoin BNBUSDTMshort	+0.0100%	8h	786.79	−0.002%	$27.6M	$10.3M	75x
Bitget BNBUSDT	+0.0100%	8h	786.84	+0.004%	$76.2M	$30.7M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	787.36	+0.070%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	786.61	−0.025%	$4.1M	$4.6M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	787.50	+0.088%	$4.1M	$74.6M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	787.95	+0.145%	$159K	$438K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	786.50	−0.039%	$131K	$956K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	786.96	+0.019%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	787.48	+0.086%	$12K	$1.5M	50x	as long as short
HTX BNB-USDTlong	+0.0100%	8h	786.81	long leg	$8.1M	$9.8M	75x
Paradex BNB-USD-PERP	+0.0100%	8h	786.88	+0.010%	$76K	$17K	50x	as long as short
Kalshi KXBNBPERP	+0.0104%	8h	787.60	+0.101%	$122K	$2.7M	4.8x	as long as short
Extended BNB-USD	+0.0104%	1h	786.68	−0.016%	$1.8M	$6.3M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	786.97	+0.021%	$378K	$110K	10x	as long as short
dYdX BNB-USD	+0.0151%	1h	786.94	+0.017%	$159K	$61K	10x	as long as short
SoDEX BNB-USD	+0.0164%	1h	786.90	+0.012%	$387K	$999K	10x	as long as short
BloFin BNB-USDT	+0.0167%	8h	787.55	+0.095%	$17.7M	$2.2M	75x	as long as short
GRVT BNB_USDT_Perp	+0.0188%	8h	787.83	+0.130%	$2.9M	$28.9M	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0200%	1h	787.30	+0.062%	$1.5M	$143K	25x	as long as short
Bulk BNB-USD	+0.0223%	1h	788.23	+0.181%	$639K	$10K	10x	as long as short
01 Exchange BNBUSD	+0.0312%	1h	787.31	+0.064%	$28K	$4K	10x	as long as short
Reya BNBRUSDPERP	+0.0324%	1h	786.45	−0.045%	$6K	$3K	40x	as long as short
RISEx BNB/USDC	+0.0432%	1h	786.90	+0.012%	$1.1M	$908K	20x	as long as short
Hibachi BNB/USDT-P	+0.0440%	1h	787.31	+0.064%	$67K	$39K	12x	as long as short