Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.006%

Price spread now: SoDEX against HTX+0.022%7-day average +0.033% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$29as in the Price arb table

costs, in and out, $10k−$280.279% of the position

Long on HTX Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.008%+$1 on $10k

Price spread, last 3 days (all we have)+0.053%+$5 · spread now +0.022%, 7d avg +0.033%

Together, before fees+0.060%+$6 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	798.13	0.0100	pay 0.0100% / 8h	7h 11m	$8.2M	$8.3M	75x
Short	SoDEX BNB-USD	798.30	0.0100	get 0.0013% / 1h	11m 09s	$392K	$995K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now +0.022%Rate

Funding earned: $0
Price spread: +0.022% → +0.033%: −$1.11
Slippage, 4 orders: −$7.94
Fee HTX: 6 bp × 2 orders: −$12
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$29.05
Costs to cover: 0.279%
Break-even: never at this rate

Slippage from HTX: live order book, 3 min ago; SoDEX: live order book, 13 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	1.87 bp	9.7 bp −$10	15.2 bp −$152	61.0 bp −$6,101	doesn't fit
Sell SoDEX live order book, 13 min ago	0.63 bp	4.9 bp −$5	8.6 bp −$86	81.8 bp −$8,184	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 −0.0159% / S +0.0335%	1h	798.19	+0.008%	$47K	—	200x	as long as short
Kraken Futures PF_BNBUSD	−0.0121%	1h	798.19	+0.009%	$2.5M	$1.0M	50x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	798.63	+0.063%	$4K	$239	25x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	799.74	+0.202%	$3.0M	$27.9M	10x	as long as short
StandX BNB-USD	0.0000%	1h	799.92	+0.225%	$864K	$2.9M	30x	as long as short
Gate BNB_USDT	+0.0002%	8h	797.90	−0.028%	$35.9M	$57.0M	75x	as long as short
BingX BNB-USDC	+0.0007%	8h	798.26	+0.017%	—	$13.4M	—	as long as short
Variational Omni BNB	+0.0008%	8h	797.92	−0.026%	$4.1M	$5.1M	—	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	798.13	+0.001%	$9.7M	—	150x	as long as short
Phemex BNBUSDT	+0.0028%	8h	798.76	+0.080%	$69.8M	$50.1M	50x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+0.873%	$19K	$789K	30x	as long as short
Coinbase International BNB-PERP-INTX	+0.0048%	1h	799.07	+0.118%	$615K	$1.1M	50x	as long as short
Aster BNBUSDT	+0.0051%	8h	798.77	+0.081%	$6.1M	$19.4M	200x	as long as short
Bybit BNBUSDT	+0.0064%	8h	798.00	−0.016%	$138.6M	$76.0M	75x	as long as short
Binance BNBUSDT	+0.0073%	8h	798.68	+0.069%	$496.1M	$809.1M	75x	as long as short
MEXC BNB_USDT	+0.0074%	8h	799.00	+0.110%	$83.1M	$13.7M	200x	as long as short
Lighter BNB	+0.0096%	1h	798.33	+0.026%	$2.8M	$4.0M	20x	as long as short
Phoenix BNB	+0.0099%	1h	800.04	+0.240%	$172K	$36K	10x	as long as short
Nado BNB-PERP	+0.0100%	1h	798.20	+0.009%	$1.5M	$2.7M	20x	as long as short
Pacifica BNB	+0.0100%	1h	798.46	+0.042%	$1.2M	$937K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	797.90	−0.028%	$54.2M	$110.6M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	798.60	+0.060%	$53K	$127K	10x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	798.14	+0.002%	$27.9M	$10.0M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	797.82	−0.038%	$78.1M	$28.0M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	799.52	+0.175%	$4.2M	$76.9M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	799.37	+0.156%	$161K	$435K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	798.21	+0.011%	$113K	$884K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	798.15	+0.003%	$386K	$459K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	798.23	+0.014%	$32K	$5K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	798.92	+0.099%	$13K	$1.6M	50x	as long as short
SoDEX BNB-USDshort	+0.0100%	1h	798.30	+0.022%	$392K	$995K	10x
HTX BNB-USDTlong	+0.0100%	8h	798.13	long leg	$8.2M	$8.3M	75x
Paradex BNB-USD-PERP	+0.0100%	8h	799.04	+0.115%	$78K	$18K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	797.77	−0.044%	$1.8M	$6.0M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	798.14	+0.002%	$383K	$110K	10x	as long as short
Bulk BNB-USD	+0.0138%	1h	797.80	−0.041%	$648K	$10K	10x	as long as short
RISEx BNB/USDC	+0.0155%	1h	798.33	+0.025%	$1.1M	$1.4M	20x	as long as short
Kalshi KXBNBPERP	+0.0162%	8h	798.80	+0.085%	$90K	$2.8M	4.8x	as long as short
dYdX BNB-USD	+0.0190%	1h	798.50	+0.047%	$161K	$63K	10x	as long as short
BloFin BNB-USDT	+0.0193%	8h	798.69	+0.071%	$18.1M	$2.5M	75x	as long as short
01 Exchange BNBUSD	+0.0200%	1h	798.83	+0.088%	$28K	$1K	10x	as long as short
Hyperliquid BNB	+0.0289%	1h	799.11	+0.123%	$53.1M	$20.3M	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	798.60	+0.059%	$1.6M	$161K	25x	as long as short
Hibachi BNB/USDT-P	+0.0320%	1h	799.02	+0.112%	$68K	$38K	12x	as long as short
Reya BNBRUSDPERP	+0.0330%	1h	798.06	−0.008%	$6K	$3K	40x	as long as short
Backpack BNB_USDC_PERP	+0.0428%	1h	798.98	+0.107%	$2.7M	$5.7M	40x	as long as short