BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0042%/8h= −4.6% APRnext payment −$0.42 per $10,000 · paid last 24h −0.004%

Price spread now: Phemex against HTX+0.105%7-day average +0.082% · you sell dearer than you buy

Net, funding: paid 7d − costs−$43as in the Funding arb table

Net, price: spread back to 7d avg − costs−$30as in the Price arb table

costs, in and out, $10k−$330.325% of the position

Long on HTX Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days−0.102%−$10 on $10k

Price spread, last 4 days (all we have)+0.001%$0 · spread now +0.105%, 7d avg +0.082%

Together, before fees−0.101%−$10 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Phemex is 0.023% dearer against HTX than usual: you sell high and buy low (spread +0.105% now, against its 7-day average of +0.082%): +$2 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 43 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX BNB-USDT	789.25	0.0100	pay 0.0100% / 8h	4h 00m	$8.1M	$9.5M	75x
Short	Phemex BNBUSDT	790.08	0.0058	get 0.0058% / 8h	4h 00m	$69.1M	$50.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex 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 PhemexbpOrdersPrice spread, now +0.105%Rate

Funding earned: −$8.9
Price spread: +0.105% → +0.082%: $2.29
Slippage, 4 orders: −$8.51
Fee HTX: 6 bp × 2 orders: −$12
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$39.12
Costs to cover: 0.325%
Break-even: never at this rate

Slippage from HTX: live order book, 3 min ago; Phemex: live order book, 3 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	1.73 bp	11.4 bp −$11	13.6 bp −$136	47.9 bp −$4,786	doesn't fit
Sell Phemex live order book, 3 min ago	0.13 bp	6.5 bp −$6	7.5 bp −$75	10.8 bp −$1,083	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 −0.0190% / S +0.0354%	1h	789.29	+0.005%	$46K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	789.39	+0.018%	$4K	$42	25x	as long as short
StandX BNB-USD	0.0000%	1h	789.04	−0.027%	$851K	$3.2M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	789.39	+0.017%	$9.5M	—	150x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.007%	$19K	$789K	30x	as long as short
Aster BNBUSDT	+0.0036%	8h	790.19	+0.119%	$6.1M	$18.7M	200x	as long as short
BingX BNB-USDC	+0.0047%	8h	789.11	−0.018%	—	$13.4M	—	as long as short
MEXC BNB_USDT	+0.0057%	8h	790.60	+0.171%	$80.2M	$12.4M	200x	as long as short
Phemex BNBUSDTshort	+0.0058%	8h	790.08	+0.105%	$69.1M	$50.3M	50x
Binance BNBUSDT	+0.0058%	8h	790.09	+0.106%	$493.1M	$791.5M	75x	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	−0.126%	$579K	$1.9M	50x	as long as short
Lighter BNB	+0.0096%	1h	789.71	+0.058%	$2.8M	$3.9M	20x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	789.50	+0.032%	$266K	$492K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	788.95	−0.038%	$1.5M	$2.5M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	790.18	+0.118%	$51.8M	$17.5M	10x	as long as short
Pacifica BNB	+0.0100%	1h	789.58	+0.041%	$1.2M	$931K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	789.50	+0.032%	$138.9M	$74.0M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	789.50	+0.032%	$53.5M	$111.4M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	789.40	+0.019%	$52K	$130K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	789.55	+0.038%	$35.6M	$57.7M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	789.44	+0.024%	$28.1M	$10.1M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	789.34	+0.011%	$76.4M	$30.2M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	790.00	+0.095%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	789.11	−0.018%	$4.1M	$4.8M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	789.18	−0.010%	$4.1M	$73.3M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	789.32	+0.009%	$159K	$440K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	789.36	+0.014%	$133K	$950K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	789.52	+0.035%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	790.07	+0.104%	$12K	$1.5M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	789.50	+0.032%	$388K	$1.0M	10x	as long as short
HTX BNB-USDTlong	+0.0100%	8h	789.25	long leg	$8.1M	$9.5M	75x
Paradex BNB-USD-PERP	+0.0100%	8h	789.68	+0.055%	$77K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	789.29	+0.005%	$1.8M	$6.2M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	789.47	+0.028%	$379K	$110K	10x	as long as short
Phoenix BNB	+0.0117%	1h	789.25	0.000%	$170K	$35K	10x	as long as short
dYdX BNB-USD	+0.0122%	1h	789.25	0.000%	$160K	$64K	10x	as long as short
GRVT BNB_USDT_Perp	+0.0157%	8h	789.58	+0.042%	$2.9M	$28.5M	10x	as long as short
Kalshi KXBNBPERP	+0.0177%	8h	789.80	+0.070%	$133K	$2.7M	4.8x	as long as short
BloFin BNB-USDT	+0.0178%	8h	790.06	+0.103%	$18.1M	$2.2M	75x	as long as short
Bulk BNB-USD	+0.0216%	1h	788.57	−0.086%	$639K	$9K	10x	as long as short
01 Exchange BNBUSD	+0.0232%	1h	790.09	+0.106%	$28K	$4K	10x	as long as short
Kraken Futures PF_BNBUSD	+0.0263%	1h	789.41	+0.020%	$2.5M	$1.2M	50x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	789.88	+0.080%	$1.5M	$143K	25x	as long as short
Reya BNBRUSDPERP	+0.0325%	1h	789.15	−0.012%	$6K	$3K	40x	as long as short
Hibachi BNB/USDT-P	+0.0360%	1h	789.07	−0.023%	$67K	$38K	12x	as long as short
RISEx BNB/USDC	+0.0461%	1h	789.75	+0.063%	$1.1M	$903K	20x	as long as short