Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: HTX against Pacifica−0.063%7-day average −0.044% · you buy dearer than you sell

Net, funding: paid 7d − costs−$33as in the Funding arb table

Net, price: spread back to 7d avg − costs−$34as in the Price arb table

costs, in and out, $10k−$320.324% of the position

Long on Pacifica Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.008%−$1 on $10k

Price spread, last 3 days (all we have)−0.063%−$6 · spread now −0.063%, 7d avg −0.044%

Together, before fees−0.071%+ Points / potential airdropPacifica: Active · farm board−$7 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica BNB	794.84	0.0100	pay 0.0013% / 1h	28m 01s	$1.2M	$925K	20x
Short	HTX BNB-USDT	794.34	0.0100	get 0.0100% / 8h	6h 28m	$8.2M	$8.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Pacifica. 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 PacificabpFee HTXbpOrdersPrice spread, now −0.063%Rate

Funding earned: $0
Price spread: −0.063% → −0.044%: −$1.93
Slippage, 4 orders: −$12.43
Fee Pacifica: 4 bp × 2 orders: −$8
Fee HTX: 6 bp × 2 orders: −$12
Net: −$34.36
Costs to cover: 0.324%
Break-even: never at this rate

Slippage from Pacifica: live order book, 1 min ago; HTX: live order book, 1 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 Pacifica live order book, 1 min ago	0.88 bp	5.7 bp −$6	doesn't fit	doesn't fit	doesn't fit
Sell HTX live order book, 1 min ago	1.95 bp	8.0 bp −$8	12.5 bp −$125	44.9 bp −$4,492	doesn't fit

BNB on 45 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 −0.0167% / S +0.0335%	1h	795.07	+0.029%	$46K	—	200x	as long as short
Kraken Futures PF_BNBUSD	−0.0131%	1h	795.48	+0.079%	$2.5M	$1.0M	50x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	794.82	−0.003%	$4K	$239	25x	as long as short
StandX BNB-USD	0.0000%	1h	795.55	+0.089%	$860K	$3.1M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	795.21	+0.046%	$9.7M	—	150x	as long as short
Variational Omni BNB	+0.0025%	8h	793.33	−0.191%	$4.1M	$4.9M	—	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+1.289%	$19K	$789K	30x	as long as short
Aster BNBUSDT	+0.0037%	8h	796.09	+0.157%	$6.1M	$19.7M	200x	as long as short
Phemex BNBUSDT	+0.0042%	8h	795.67	+0.104%	$69.6M	$50.8M	50x	as long as short
GRVT BNB_USDT_Perp	+0.0044%	8h	793.45	−0.175%	$3.0M	$28.8M	10x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate BNB_USDT	+0.0046%	8h	795.45	+0.076%	$35.3M	$56.0M	75x	as long as short
BingX BNB-USDC	+0.0048%	8h	795.52	+0.085%	—	$13.3M	—	as long as short
Coinbase International BNB-PERP-INTX	+0.0056%	1h	791.17	−0.462%	$607K	$1.1M	50x	as long as short
MEXC BNB_USDT	+0.0063%	8h	796.10	+0.158%	$82.5M	$12.8M	200x	as long as short
Binance BNBUSDT	+0.0064%	8h	796.03	+0.149%	$495.3M	$811.3M	75x	as long as short
dYdX BNB-USD	+0.0065%	1h	794.66	−0.023%	$161K	$63K	10x	as long as short
Phoenix BNB	+0.0088%	1h	793.37	−0.185%	$170K	$36K	10x	as long as short
Lighter BNB	+0.0096%	1h	795.68	+0.105%	$2.8M	$4.0M	20x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	795.36	+0.065%	$384K	$409K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	794.40	−0.056%	$1.4M	$2.7M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	795.98	+0.143%	$52.2M	$19.8M	10x	as long as short
Pacifica BNBlong	+0.0100%	1h	794.84	long leg	$1.2M	$925K	20x
Bybit BNBUSDT	+0.0100%	8h	795.48	+0.080%	$139.1M	$75.9M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	795.10	+0.032%	$53.3M	$110.6M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	794.90	+0.007%	$52K	$134K	10x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	795.17	+0.041%	$27.8M	$10.1M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	795.18	+0.042%	$77.5M	$28.3M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	794.24	−0.076%	$4.1M	$77.3M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	794.07	−0.097%	$160K	$436K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	794.87	+0.003%	$111K	$886K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	795.54	+0.088%	$32K	$9K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	795.52	+0.086%	$12K	$1.6M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	795.60	+0.095%	$391K	$996K	10x	as long as short
HTX BNB-USDTshort	+0.0100%	8h	794.34	−0.063%	$8.2M	$8.8M	75x
Paradex BNB-USD-PERP	+0.0100%	8h	795.15	+0.039%	$77K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	795.05	+0.026%	$1.7M	$5.8M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	795.52	+0.086%	$382K	$110K	10x	as long as short
RISEx BNB/USDC	+0.0131%	1h	795.08	+0.029%	$1.1M	$1.4M	20x	as long as short
Kalshi KXBNBPERP	+0.0159%	8h	795.30	+0.057%	$112K	$2.7M	4.8x	as long as short
Bulk BNB-USD	+0.0175%	1h	792.60	−0.282%	$642K	$16K	10x	as long as short
01 Exchange BNBUSD	+0.0256%	1h	795.32	+0.060%	$28K	$2K	10x	as long as short
Reya BNBRUSDPERP	+0.0329%	1h	794.76	−0.011%	$6K	$3K	40x	as long as short
Backpack BNB_USDC_PERP	+0.0392%	1h	796.13	+0.162%	$2.7M	$5.7M	40x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0400%	1h	795.96	+0.140%	$1.6M	$160K	25x	as long as short
Hibachi BNB/USDT-P	+0.0536%	1h	794.74	−0.013%	$68K	$38K	12x	as long as short