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: SunX against HTX+0.056%7-day average +0.088% · you sell dearer than you buy

Net, funding: paid 7d − costs−$66as in the Funding arb table

Net, price: spread back to 7d avg − costs−$70as in the Price arb table

costs, in and out, $10k−$660.664% of the position

Long on HTX Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.001%$0 on $10k

Price spread, last 4 days (all we have)+0.046%+$5 · spread now +0.056%, 7d avg +0.088%

Together, before fees+0.046%+$5 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: SunX is 0.032% cheaper against HTX than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.088%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX BNB-USDT	787.36	0.0100	pay 0.0100% / 8h	3h 11m	$8.1M	$9.7M	75x
Short	SunX BNB-USDT	787.80	0.0100	get 0.0100% / 8h	3h 11m	$12K	$1.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.056%Rate

Funding earned: $0
Price spread: +0.056% → +0.088%: −$3.18
Slippage, 4 orders: −$46.38
Fee HTX: 6 bp × 2 orders: −$12
Fee SunX: 4 bp × 2 orders: −$8
Net: −$69.55
Costs to cover: 0.664%
Break-even: never at this rate

Slippage from HTX: live order book, 3 min ago; SunX: 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	2.46 bp	11.4 bp −$11	13.2 bp −$132	58.8 bp −$5,884	doesn't fit
Sell SunX live order book, 3 min ago	15.07 bp	23.6 bp −$24	31.1 bp −$311	doesn't fit	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	786.96	−0.051%	$46K	—	200x	as long as short
Kraken Futures PF_BNBUSD	−0.0124%	1h	787.18	−0.023%	$2.5M	$1.2M	50x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	787.79	+0.054%	$4K	$42	25x	as long as short
Kalshi KXBNBPERP	0.0000%	8h	788.10	+0.094%	$124K	$2.7M	4.8x	as long as short
StandX BNB-USD	0.0000%	1h	788.16	+0.101%	$850K	$3.1M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	787.09	−0.035%	$9.5M	—	150x	as long as short
Aster BNBUSDT	+0.0022%	8h	787.98	+0.078%	$6.1M	$18.8M	200x	as long as short
BingX BNB-USDT	+0.0033%	8h	787.60	+0.030%	—	$22.3M	—	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.252%	$19K	$789K	30x	as long as short
Phemex BNBUSDT	+0.0039%	8h	787.70	+0.043%	$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
MEXC BNB_USDT	+0.0041%	8h	788.50	+0.145%	$79.9M	$12.0M	200x	as long as short
Binance BNBUSDT	+0.0041%	8h	787.87	+0.065%	$491.0M	$802.5M	75x	as long as short
Coinbase International BNB-PERP-INTX	+0.0072%	1h	788.00	+0.081%	$579K	$1.9M	50x	as long as short
dYdX BNB-USD	+0.0079%	1h	787.24	−0.015%	$159K	$63K	10x	as long as short
Phoenix BNB	+0.0092%	1h	787.74	+0.048%	$169K	$35K	10x	as long as short
Lighter BNB	+0.0096%	1h	787.65	+0.037%	$2.7M	$3.9M	20x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	787.19	−0.022%	$265K	$492K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	787.35	−0.001%	$1.5M	$2.6M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	788.06	+0.089%	$51.7M	$17.5M	10x	as long as short
Pacifica BNB	+0.0100%	1h	787.79	+0.054%	$1.2M	$934K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	787.20	−0.020%	$138.4M	$74.0M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	787.10	−0.033%	$53.4M	$111.6M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	787.60	+0.030%	$52K	$133K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	787.35	−0.001%	$36.1M	$58.1M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	787.15	−0.027%	$27.6M	$10.3M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	786.98	−0.048%	$76.2M	$30.6M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	787.79	+0.054%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	787.31	−0.006%	$4.1M	$4.6M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	787.75	+0.049%	$4.1M	$74.1M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	787.52	+0.020%	$159K	$441K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	787.14	−0.028%	$132K	$955K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	787.25	−0.014%	$31K	$12K	10x	as long as short
SunX BNB-USDTshort	+0.0100%	8h	787.80	+0.056%	$12K	$1.5M	50x
SoDEX BNB-USD	+0.0100%	1h	787.40	+0.005%	$387K	$1.0M	10x	as long as short
HTX BNB-USDTlong	+0.0100%	8h	787.36	long leg	$8.1M	$9.7M	75x
Paradex BNB-USD-PERP	+0.0100%	8h	787.79	+0.054%	$77K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	787.12	−0.030%	$1.8M	$6.3M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	787.25	−0.014%	$378K	$110K	10x	as long as short
BloFin BNB-USDT	+0.0161%	8h	787.91	+0.070%	$17.7M	$2.2M	75x	as long as short
GRVT BNB_USDT_Perp	+0.0178%	8h	787.99	+0.080%	$2.9M	$28.7M	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0200%	1h	787.63	+0.034%	$1.5M	$143K	25x	as long as short
Bulk BNB-USD	+0.0201%	1h	787.88	+0.066%	$639K	$10K	10x	as long as short
01 Exchange BNBUSD	+0.0240%	1h	787.93	+0.072%	$28K	$4K	10x	as long as short
Reya BNBRUSDPERP	+0.0324%	1h	787.00	−0.045%	$6K	$3K	40x	as long as short
Hibachi BNB/USDT-P	+0.0424%	1h	787.58	+0.028%	$67K	$39K	12x	as long as short
RISEx BNB/USDC	+0.0431%	1h	787.77	+0.052%	$1.1M	$894K	20x	as long as short