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: HTX against OKX+0.059%54s7-day average +0.012% · you sell dearer than you buy

Net, funding: paid 7d − costs−$26as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$310.311% of the position

Long on OKX Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.049%+$5 on $10k

Price spread, last 4 days (all we have)−0.163%−$16 · spread now +0.059%, 7d avg +0.012%

Together, before fees−0.114%−$11 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: HTX is 0.047% dearer against OKX than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of +0.012%. The two prices were read 54 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX BNB-USDT-SWAP	788.80	0.0100	pay 0.0100% / 8h	3h 49m	$53.4M	$111.9M	50x
Short	HTX BNB-USDT	789.27	0.0100	get 0.0100% / 8h	3h 49m	$8.1M	$9.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against OKX. 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 OKXbpFee HTXbpOrdersPrice spread, now +0.059%Rate

Funding earned: $0
Price spread: +0.059% → +0.012%: $4.7
Slippage, 4 orders: −$9.06
Fee OKX: 5 bp × 2 orders: −$10
Fee HTX: 6 bp × 2 orders: −$12
Net: −$26.36
Costs to cover: 0.311%
Break-even: never at this rate

Slippage from OKX: live order book, 5 min ago; HTX: live order book, 5 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 OKX live order book, 5 min ago	0.63 bp	5.6 bp −$6	8.0 bp −$80	22.2 bp −$2,220	doesn't fit
Sell HTX live order book, 5 min ago	1.25 bp	11.6 bp −$12	16.3 bp −$163	54.4 bp −$5,437	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 +0.0355%	1h	788.79	−0.002%	$46K	—	200x	as long as short
Kraken Futures PF_BNBUSD	−0.0124%	1h	788.89	+0.012%	$2.5M	$1.2M	50x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	789.26	+0.058%	$4K	$42	25x	as long as short
Kalshi KXBNBPERP	0.0000%	8h	789.50	+0.089%	$135K	$2.7M	4.8x	as long as short
StandX BNB-USD	0.0000%	1h	789.05	+0.032%	$851K	$3.2M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	788.79	−0.001%	$9.5M	—	150x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.065%	$19K	$789K	30x	as long as short
Aster BNBUSDT	+0.0035%	8h	789.35	+0.069%	$6.1M	$18.8M	200x	as long as short
BingX BNB-USDC	+0.0046%	8h	788.87	+0.009%	—	$13.4M	—	as long as short
MEXC BNB_USDT	+0.0055%	8h	789.80	+0.127%	$80.1M	$12.0M	200x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance BNBUSDT	+0.0056%	8h	789.39	+0.075%	$492.7M	$795.4M	75x	as long as short
Phemex BNBUSDT	+0.0062%	8h	789.41	+0.077%	$69.0M	$50.3M	50x	as long as short
Coinbase International BNB-PERP-INTX	+0.0072%	1h	790.26	+0.185%	$580K	$1.9M	50x	as long as short
Phoenix BNB	+0.0092%	1h	789.32	+0.066%	$170K	$35K	10x	as long as short
Lighter BNB	+0.0096%	1h	789.07	+0.034%	$2.7M	$3.8M	20x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	788.87	+0.009%	$265K	$492K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	788.80	0.000%	$1.5M	$2.6M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	789.38	+0.074%	$51.8M	$17.5M	10x	as long as short
Pacifica BNB	+0.0100%	1h	789.05	+0.032%	$1.2M	$931K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	788.73	−0.009%	$138.8M	$74.1M	75x	as long as short
OKX BNB-USDT-SWAPlong	+0.0100%	8h	788.80	long leg	$53.4M	$111.9M	50x
Arcus BNB-USD	+0.0100%	1h	789.10	+0.038%	$52K	$133K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	788.80	0.000%	$35.8M	$56.7M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	788.69	−0.014%	$28.1M	$10.2M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	788.45	−0.044%	$76.3M	$30.4M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	789.42	+0.079%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	789.31	+0.065%	$4.1M	$4.8M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	790.26	+0.185%	$4.1M	$73.5M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	790.15	+0.171%	$159K	$440K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	788.71	−0.011%	$130K	$955K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	788.92	+0.016%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	789.50	+0.089%	$12K	$1.5M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	789.00	+0.025%	$388K	$1.0M	10x	as long as short
HTX BNB-USDTshort	+0.0100%	8h	789.27	+0.059%	$8.1M	$9.6M	75x
Paradex BNB-USD-PERP	+0.0100%	8h	789.16	+0.046%	$77K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	788.53	−0.034%	$1.9M	$6.2M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	788.78	−0.002%	$379K	$110K	10x	as long as short
dYdX BNB-USD	+0.0113%	1h	789.27	+0.059%	$160K	$64K	10x	as long as short
GRVT BNB_USDT_Perp	+0.0169%	8h	790.73	+0.245%	$3.0M	$28.6M	10x	as long as short
BloFin BNB-USDT	+0.0177%	8h	789.73	+0.118%	$18.1M	$2.2M	75x	as long as short
Bulk BNB-USD	+0.0234%	1h	790.66	+0.236%	$640K	$9K	10x	as long as short
01 Exchange BNBUSD	+0.0264%	1h	789.42	+0.079%	$28K	$4K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	789.24	+0.056%	$1.5M	$143K	25x	as long as short
Reya BNBRUSDPERP	+0.0325%	1h	788.61	−0.024%	$6K	$3K	40x	as long as short
Hibachi BNB/USDT-P	+0.0384%	1h	789.31	+0.064%	$67K	$39K	12x	as long as short
RISEx BNB/USDC	+0.0431%	1h	789.19	+0.049%	$1.1M	$892K	20x	as long as short