Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.030%

Price spread now: HTX against StandX−0.082%45s7-day average −0.068% · you buy dearer than you sell

Net, funding: paid 7d − costs−$17as 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−$380.379% of the position

Long on StandX Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.210%+$21 on $10k

Price spread, last 4 days (all we have)−0.282%−$28 · spread now −0.082%, 7d avg −0.068%

Together, before fees−0.072%+ Points / potential airdropStandX: Active · farm board−$7 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.068%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate. The two prices were read 45 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	StandX BNB-USD	787.82	0	get 0.0000% / 1h	48m 36s	$850K	$2.7M	30x
Short	HTX BNB-USDT	787.17	0.0100	get 0.0100% / 8h	7h 48m	$8.0M	$10.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against StandX. 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 StandXbpFee HTXbpOrdersPrice spread, now −0.082%Rate

Funding earned: $21
Price spread: −0.082% → −0.068%: −$1.41
Slippage, 4 orders: −$17.9
Fee StandX: 4 bp × 2 orders: −$8
Fee HTX: 6 bp × 2 orders: −$12
Net: −$18.31
Costs to cover: 0.379%
Break-even: 13.1 days

Slippage from StandX: live order book, just now; 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 StandX live order book, just now	3.36 bp	10.7 bp −$11	14.0 bp −$140	doesn't fit	doesn't fit
Sell HTX live order book, 5 min ago	1.23 bp	10.8 bp −$11	13.2 bp −$132	88.5 bp −$8,853	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 −0.0168% / S +0.0337%	1h	787.04	−0.099%	$43K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	787.34	−0.061%	$4K	—	25x	as long as short
Kraken Futures PF_BNBUSD	−0.0021%	1h	787.02	−0.101%	$2.5M	$1.2M	50x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	786.65	−0.149%	$3.0M	$27.6M	10x	as long as short
StandX BNB-USDlong	0.0000%	1h	787.82	long leg	$850K	$2.7M	30x
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	787.05	−0.098%	$9.5M	—	150x	as long as short
Aster BNBUSDT	+0.0029%	8h	787.72	−0.012%	$6.0M	$18.5M	200x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.192%	$19K	$789K	30x	as long as short
BingX BNB-USDC	+0.0036%	8h	787.22	−0.076%	—	$13.4M	—	as long as short
MEXC BNB_USDT	+0.0044%	8h	788.70	+0.112%	$82.0M	$12.1M	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	+0.0044%	8h	787.81	−0.001%	$490.1M	$812.2M	75x	as long as short
dYdX BNB-USD	+0.0073%	1h	787.07	−0.096%	$158K	$63K	10x	as long as short
Phemex BNBUSDT	+0.0080%	8h	787.79	−0.004%	$68.7M	$51.1M	50x	as long as short
Lighter BNB	+0.0096%	1h	787.29	−0.067%	$2.7M	$3.6M	20x	as long as short
Nado BNB-PERP	+0.0100%	1h	786.95	−0.110%	$1.4M	$2.6M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	787.67	−0.019%	$51.6M	$17.6M	10x	as long as short
Pacifica BNB	+0.0100%	1h	787.39	−0.055%	$1.2M	$937K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	787.20	−0.079%	$138.6M	$73.3M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	787.10	−0.091%	$53.5M	$111.6M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	787.30	−0.066%	$52K	$125K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	787.15	−0.085%	$39.2M	$55.4M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	786.77	−0.133%	$27.7M	$10.2M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	786.91	−0.116%	$75.5M	$32.5M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	787.50	−0.041%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	786.62	−0.152%	$4.1M	$4.7M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	786.52	−0.165%	$4.1M	$76.7M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	786.37	−0.184%	$158K	$440K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	787.40	−0.053%	$132K	$942K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	787.17	−0.083%	$265K	$358K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	787.23	−0.075%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	787.57	−0.032%	$12K	$1.5M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	787.20	−0.079%	$387K	$950K	10x	as long as short
HTX BNB-USDTshort	+0.0100%	8h	787.17	−0.082%	$8.0M	$10.3M	75x
Paradex BNB-USD-PERP	+0.0100%	8h	787.66	−0.020%	$78K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	786.75	−0.135%	$1.8M	$5.8M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	787.10	−0.091%	$378K	$110K	10x	as long as short
Kalshi KXBNBPERP	+0.0113%	8h	787.50	−0.041%	$171K	$2.6M	4.8x	as long as short
Coinbase International BNB-PERP-INTX	+0.0120%	1h	786.59	−0.156%	$548K	$1.9M	50x	as long as short
Phoenix BNB	+0.0120%	1h	786.53	−0.164%	$158K	$38K	10x	as long as short
BloFin BNB-USDT	+0.0165%	8h	787.72	−0.013%	$17.8M	$2.2M	75x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0200%	1h	787.56	−0.032%	$1.5M	$141K	25x	as long as short
Bulk BNB-USD	+0.0215%	1h	787.68	−0.018%	$638K	$831	10x	as long as short
01 Exchange BNBUSD	+0.0240%	1h	787.88	+0.008%	$28K	$3K	10x	as long as short
Reya BNBRUSDPERP	+0.0320%	1h	787.06	−0.097%	$6K	$3K	40x	as long as short
RISEx BNB/USDC	+0.0355%	1h	787.42	−0.051%	$1.1M	$911K	20x	as long as short
Hibachi BNB/USDT-P	+0.0424%	1h	786.91	−0.115%	$67K	$39K	12x	as long as short