BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0049%/8h= +5.4% APRnext payment +$0.49 per $10,000 · paid last 24h +0.004%

Price spread now: HTX against Phemex−0.044%7-day average −0.082% · you buy dearer than you sell

Net, funding: paid 7d − costs−$22as in the Funding arb table

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

costs, in and out, $10k−$320.325% of the position

Long on Phemex Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.102%+$10 on $10k

Price spread, last 4 days (all we have)−0.071%−$7 · spread now −0.044%, 7d avg −0.082%

Together, before fees+0.032%+$3 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and HTX is 0.038% dearer against Phemex than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.082%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex BNBUSDT	788.51	0.0051	pay 0.0051% / 8h	3h 28m	$69.0M	$50.6M	50x
Short	HTX BNB-USDT	788.16	0.0100	get 0.0100% / 8h	3h 28m	$8.1M	$9.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Phemex. 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 PhemexbpFee HTXbpOrdersPrice spread, now −0.044%Rate

Funding earned: $10.38
Price spread: −0.044% → −0.082%: $3.77
Slippage, 4 orders: −$8.46
Fee Phemex: 6 bp × 2 orders: −$12
Fee HTX: 6 bp × 2 orders: −$12
Net: −$18.3
Costs to cover: 0.325%
Break-even: 19.3 days

Slippage from Phemex: live order book, 6 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 Phemex live order book, 6 min ago	0.06 bp	6.3 bp −$6	6.5 bp −$65	10.5 bp −$1,051	doesn't fit
Sell HTX live order book, 1 min ago	0.82 bp	10.5 bp −$10	12.1 bp −$121	42.2 bp −$4,222	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	787.94	−0.072%	$46K	—	200x	as long as short
Kraken Futures PF_BNBUSD	−0.0124%	1h	787.94	−0.072%	$2.5M	$1.2M	50x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	788.28	−0.029%	$4K	$42	25x	as long as short
StandX BNB-USD	0.0000%	1h	788.72	+0.027%	$851K	$3.1M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	787.96	−0.070%	$9.5M	—	150x	as long as short
Aster BNBUSDT	+0.0027%	8h	788.57	+0.008%	$6.1M	$18.7M	200x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.103%	$19K	$789K	30x	as long as short
BingX BNB-USDC	+0.0040%	8h	788.18	−0.042%	—	$13.4M	—	as long as short
MEXC BNB_USDT	+0.0046%	8h	788.80	+0.037%	$80.0M	$12.0M	200x	as long as short
Binance BNBUSDT	+0.0047%	8h	788.56	+0.006%	$491.8M	$798.4M	75x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex BNBUSDTlong	+0.0051%	8h	788.51	long leg	$69.0M	$50.6M	50x
Coinbase International BNB-PERP-INTX	+0.0072%	1h	790.26	+0.222%	$580K	$1.9M	50x	as long as short
Phoenix BNB	+0.0092%	1h	788.66	+0.019%	$169K	$35K	10x	as long as short
dYdX BNB-USD	+0.0096%	1h	788.56	+0.006%	$160K	$64K	10x	as long as short
Lighter BNB	+0.0096%	1h	788.22	−0.037%	$2.7M	$3.8M	20x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	788.01	−0.063%	$265K	$492K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	787.90	−0.077%	$1.5M	$2.6M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	788.63	+0.015%	$51.7M	$17.5M	10x	as long as short
Pacifica BNB	+0.0100%	1h	788.28	−0.029%	$1.2M	$933K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	788.00	−0.065%	$138.6M	$73.8M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	788.00	−0.065%	$53.5M	$111.6M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	788.30	−0.027%	$52K	$133K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	788.05	−0.058%	$35.9M	$57.6M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	787.72	−0.100%	$27.6M	$10.3M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	787.71	−0.101%	$76.3M	$30.5M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	788.39	−0.015%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	788.21	−0.038%	$4.1M	$4.8M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	788.67	+0.021%	$4.1M	$73.9M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	788.63	+0.015%	$159K	$442K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	787.84	−0.085%	$130K	$951K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	788.09	−0.053%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	788.63	+0.016%	$12K	$1.5M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	788.20	−0.039%	$387K	$1.0M	10x	as long as short
HTX BNB-USDTshort	+0.0100%	8h	788.16	−0.044%	$8.1M	$9.6M	75x
Paradex BNB-USD-PERP	+0.0100%	8h	788.34	−0.021%	$77K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	787.67	−0.107%	$1.9M	$6.3M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	787.96	−0.069%	$379K	$110K	10x	as long as short
Kalshi KXBNBPERP	+0.0124%	8h	788.90	+0.049%	$126K	$2.7M	4.8x	as long as short
BloFin BNB-USDT	+0.0167%	8h	788.56	+0.006%	$18.1M	$2.2M	75x	as long as short
GRVT BNB_USDT_Perp	+0.0174%	8h	789.03	+0.067%	$2.9M	$28.7M	10x	as long as short
Bulk BNB-USD	+0.0219%	1h	788.52	+0.001%	$639K	$9K	10x	as long as short
01 Exchange BNBUSD	+0.0240%	1h	788.32	−0.024%	$28K	$4K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	788.46	−0.007%	$1.5M	$143K	25x	as long as short
Reya BNBRUSDPERP	+0.0325%	1h	787.64	−0.111%	$6K	$3K	40x	as long as short
Hibachi BNB/USDT-P	+0.0416%	1h	788.23	−0.035%	$67K	$39K	12x	as long as short
RISEx BNB/USDC	+0.0431%	1h	788.38	−0.017%	$1.1M	$893K	20x	as long as short