Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0255%/8h= −27.9% APRpaid last 24h −0.041%

Price spread now: HTX against RISEx−0.018%7-day average −0.035% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$24as in the Price arb table

costs, in and out, $10k−$260.261% of the position

Long on RISEx Short on HTX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.123%−$12 on $10k

Price spread, last 4 days (all we have)−0.348%−$35 · spread now −0.018%, 7d avg −0.035%

Together, before fees−0.472%−$47 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.035%, so right now this pair is about funding alone: −$8 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx BNB/USDC	784.36	0.0355	pay 0.0044% / 1h	30m 13s	$1.1M	$911K	20x
Short	HTX BNB-USDT	784.22	0.0100	get 0.0100% / 8h	7h 30m	$8.0M	$10.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against RISEx. 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 RISExbpFee HTXbpOrdersPrice spread, now −0.018%Rate

Funding earned: −$53.45
Price spread: −0.018% → −0.035%: $1.74
Slippage, 4 orders: −$8.14
Fee RISEx: 3 bp × 2 orders: −$6
Fee HTX: 6 bp × 2 orders: −$12
Net: −$77.85
Costs to cover: 0.261%
Break-even: never at this rate

Slippage from RISEx: live order book, 3 min ago; HTX: 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 RISEx live order book, 3 min ago	0.38 bp	3.4 bp −$3	9.8 bp −$98	doesn't fit	doesn't fit
Sell HTX live order book, 4 min ago	0.01 bp	10.2 bp −$10	12.3 bp −$123	54.8 bp −$5,481	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 −0.0166% / S +0.0337%	1h	784.11	−0.032%	$43K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	784.41	+0.007%	$4K	—	25x	as long as short
Kraken Futures PF_BNBUSD	−0.0021%	1h	784.03	−0.042%	$2.5M	$1.2M	50x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	786.06	+0.217%	$3.0M	$27.5M	10x	as long as short
StandX BNB-USD	0.0000%	1h	785.22	+0.110%	$847K	$2.7M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	784.06	−0.038%	$9.4M	—	150x	as long as short
Aster BNBUSDT	+0.0020%	8h	784.68	+0.041%	$5.9M	$18.3M	200x	as long as short
BingX BNB-USDC	+0.0031%	8h	783.93	−0.054%	—	$13.4M	—	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.643%	$19K	$789K	30x	as long as short
MEXC BNB_USDT	+0.0036%	8h	785.80	+0.184%	$82.3M	$12.2M	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	+0.0037%	8h	784.71	+0.045%	$487.7M	$808.6M	75x	as long as short
Lighter BNB	+0.0096%	1h	784.21	−0.019%	$2.7M	$3.6M	20x	as long as short
Nado BNB-PERP	+0.0100%	1h	783.85	−0.065%	$1.4M	$2.6M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	784.53	+0.022%	$51.4M	$17.6M	10x	as long as short
Pacifica BNB	+0.0100%	1h	784.31	−0.006%	$1.2M	$937K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	784.00	−0.046%	$138.1M	$73.2M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	784.00	−0.046%	$53.3M	$110.2M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	784.30	−0.007%	$52K	$125K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	783.95	−0.052%	$39.3M	$55.8M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	783.66	−0.089%	$27.6M	$10.2M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	783.74	−0.079%	$75.2M	$32.4M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	784.73	+0.048%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	784.02	−0.043%	$4.2M	$5.0M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	785.26	+0.116%	$4.1M	$76.2M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	785.29	+0.119%	$158K	$440K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	784.05	−0.039%	$131K	$924K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	784.10	−0.033%	$264K	$358K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	784.13	−0.029%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	784.89	+0.068%	$12K	$1.5M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	784.40	+0.005%	$386K	$942K	10x	as long as short
HTX BNB-USDTshort	+0.0100%	8h	784.22	−0.018%	$8.0M	$10.3M	75x
Paradex BNB-USD-PERP	+0.0100%	8h	784.67	+0.040%	$78K	$37K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	783.55	−0.103%	$1.8M	$5.8M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	784.06	−0.038%	$377K	$110K	10x	as long as short
Kalshi KXBNBPERP	+0.0109%	8h	784.80	+0.056%	$159K	$2.6M	4.8x	as long as short
Coinbase International BNB-PERP-INTX	+0.0120%	1h	785.76	+0.179%	$547K	$1.9M	50x	as long as short
Phoenix BNB	+0.0120%	1h	785.84	+0.189%	$158K	$38K	10x	as long as short
BloFin BNB-USDT	+0.0148%	8h	784.83	+0.060%	$17.8M	$2.2M	75x	as long as short
dYdX BNB-USD	+0.0153%	1h	784.13	−0.029%	$157K	$65K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0200%	1h	784.49	+0.017%	$1.5M	$141K	25x	as long as short
Bulk BNB-USD	+0.0212%	1h	785.97	+0.206%	$637K	$831	10x	as long as short
01 Exchange BNBUSD	+0.0232%	1h	784.59	+0.030%	$28K	$3K	10x	as long as short
Phemex BNBUSDT	+0.0233%	8h	784.75	+0.050%	$68.3M	$50.9M	50x	as long as short
Reya BNBRUSDPERP	+0.0319%	1h	783.81	−0.070%	$6K	$3K	40x	as long as short
RISEx BNB/USDClong	+0.0355%	1h	784.36	long leg	$1.1M	$911K	20x
Hibachi BNB/USDT-P	+0.0416%	1h	784.55	+0.025%	$67K	$39K	12x	as long as short