Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.030%

Price spread now: StandX against HTX+0.071%7-day average +0.064% · you sell dearer than you buy

Net, funding: paid 7d − costs−$58as in the Funding arb table

Net, price: spread back to 7d avg − costs−$37as in the Price arb table

costs, in and out, $10k−$380.376% of the position

Long on HTX Short on StandX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.207%−$21 on $10k

Price spread, last 3 days (all we have)+0.153%+$15 · spread now +0.071%, 7d avg +0.064%

Together, before fees−0.054%+ Points / potential airdropStandX: Active · farm board−$5 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.064%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX BNB-USDT	803.35	0.0100	pay 0.0100% / 8h	2h 35m	$8.2M	$7.4M	75x
Short	StandX BNB-USD	803.92	0	get 0.0000% / 1h	35m 16s	$869K	$2.9M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

StandX 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 StandXbpOrdersPrice spread, now +0.071%Rate

Funding earned: −$21
Price spread: +0.071% → +0.064%: $0.65
Slippage, 4 orders: −$17.61
Fee HTX: 6 bp × 2 orders: −$12
Fee StandX: 4 bp × 2 orders: −$8
Net: −$57.96
Costs to cover: 0.376%
Break-even: never at this rate

Slippage from HTX: live order book, 4 min ago; StandX: live order book, 4 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, 4 min ago	1.41 bp	9.6 bp −$10	12.2 bp −$122	41.1 bp −$4,112	doesn't fit
Sell StandX live order book, 4 min ago	4.17 bp	9.7 bp −$10	13.9 bp −$139	55.0 bp −$5,497	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 −0.0195% / S +0.0371%	1h	803.47	+0.015%	$48K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	803.52	+0.021%	$4K	$1K	25x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	804.19	+0.104%	$3.0M	$29.4M	10x	as long as short
Kalshi KXBNBPERP	0.0000%	8h	803.80	+0.056%	$111K	$2.5M	4.8x	as long as short
StandX BNB-USDshort	0.0000%	1h	803.92	+0.071%	$869K	$2.9M	30x
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	803.49	+0.018%	$9.8M	—	150x	as long as short
Kraken Futures PF_BNBUSD	+0.0038%	1h	803.67	+0.040%	$2.5M	$908K	50x	as long as short
Variational Omni BNB	+0.0051%	8h	802.62	−0.091%	$4.0M	$5.3M	—	as long as short
BingX BNB-USDT	+0.0057%	8h	803.81	+0.057%	—	$34.5M	—	as long as short
Bybit BNBUSDT	+0.0077%	8h	803.18	−0.021%	$139.3M	$82.8M	75x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster BNBUSDT	+0.0087%	8h	804.16	+0.101%	$6.4M	$18.8M	200x	as long as short
Coinbase International BNB-PERP-INTX	+0.0088%	1h	803.99	+0.080%	$608K	$877K	50x	as long as short
Lighter BNB	+0.0096%	1h	803.69	+0.042%	$2.8M	$4.2M	20x	as long as short
Nado BNB-PERP	+0.0100%	1h	803.12	−0.029%	$1.4M	$2.8M	20x	as long as short
Pacifica BNB	+0.0100%	1h	803.56	+0.026%	$1.2M	$923K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	803.60	+0.031%	$55.1M	$115.4M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	803.70	+0.044%	$52K	$162K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	803.50	+0.019%	$35.9M	$58.5M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	803.35	0.000%	$28.1M	$10.5M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	803.48	+0.016%	$79.1M	$24.5M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	803.02	−0.041%	$4.2M	$76.8M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	804.17	+0.102%	$159K	$439K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	803.39	+0.005%	$118K	$868K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	803.55	+0.025%	$388K	$593K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	803.64	+0.037%	$32K	$5K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	803.90	+0.068%	$13K	$1.7M	50x	as long as short
HTX BNB-USDTlong	+0.0100%	8h	803.35	long leg	$8.2M	$7.4M	75x
Paradex BNB-USD-PERP	+0.0100%	8h	804.04	+0.086%	$78K	$19K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	803.20	−0.019%	$1.9M	$6.1M	50x	as long as short
MEXC BNB_USDT	+0.0104%	8h	804.70	+0.168%	$84.4M	$13.6M	200x	as long as short
Aevo BNB-PERP	+0.0104%	1h	803.69	+0.043%	$386K	$40K	10x	as long as short
Binance BNBUSDT	+0.0105%	8h	804.32	+0.121%	$518.8M	$802.8M	75x	as long as short
Phemex BNBUSDT	+0.0124%	8h	804.15	+0.100%	$70.1M	$51.7M	50x	as long as short
Phoenix BNB	+0.0125%	1h	803.30	−0.006%	$173K	$35K	10x	as long as short
SoDEX BNB-USD	+0.0140%	1h	803.60	+0.031%	$395K	$1.0M	10x	as long as short
Hyperliquid BNB	+0.0150%	1h	804.39	+0.129%	$51.7M	$21.3M	10x	as long as short
Bulk BNB-USD	+0.0194%	1h	803.61	+0.032%	$649K	$11K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0200%	1h	804.00	+0.081%	$1.6M	$165K	25x	as long as short
RISEx BNB/USDC	+0.0209%	1h	803.77	+0.053%	$1.1M	$1.4M	20x	as long as short
BloFin BNB-USDT	+0.0225%	8h	804.34	+0.123%	$18.8M	$3.1M	75x	as long as short
Hibachi BNB/USDT-P	+0.0248%	1h	803.30	−0.006%	$71K	$48K	12x	as long as short
dYdX BNB-USD	+0.0267%	1h	803.57	+0.027%	$170K	$55K	10x	as long as short
01 Exchange BNBUSD	+0.0320%	1h	804.29	+0.117%	$28K	$1K	10x	as long as short
Reya BNBRUSDPERP	+0.0334%	1h	803.30	−0.006%	$6K	$3K	40x	as long as short
Injective BNB/USDC PERP	+0.0353%	1h	804.92	+0.195%	$19K	$526K	30x	as long as short
Backpack BNB_USDC_PERP	+0.0668%	1h	804.78	+0.178%	$3.0M	$5.4M	40x	as long as short