Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.065%

Price spread now: HTX against 01 Exchange−0.012%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on 01 Exchange Short on HTX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	01 Exchange BNBUSD	799.30	0.0200	pay 0.0025% / 1h	58m 41s	$28K	$1K	10x
Short	HTX BNB-USDT	799.21	0.0100	get 0.0100% / 8h	7h 58m	$8.2M	$8.1M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against 01 Exchange. 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 01 ExchangebpFee HTXbpOrdersPrice spread, now −0.012%Rate

Funding earned: −$21
Price spread: −0.012% → 0.000%: −$1.16
Slippage, 4 orders: no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee HTX: 6 bp × 2 orders: −$12
Net: −$41.16
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: 01 Exchange: no order-book sample; HTX: live order book, 5 min ago. Net counts fees only.

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 01 Exchange no order-book sample	—	—	—	—	—
Sell HTX live order book, 5 min ago	2.15 bp	10.1 bp −$10	14.5 bp −$145	48.8 bp −$4,879	doesn't fit

01 Exchange: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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 −0.0201% / S +0.0372%	1h	799.05	−0.031%	$47K	—	200x	as long as short
Kraken Futures PF_BNBUSD	−0.0121%	1h	799.09	−0.026%	$2.5M	$975K	50x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	799.07	−0.029%	$4K	$239	25x	as long as short
Gate BNB_USDT	−0.0044%	8h	798.45	−0.106%	$35.7M	$55.6M	75x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	799.73	+0.054%	$3.0M	$27.9M	10x	as long as short
StandX BNB-USD	0.0000%	1h	800.22	+0.115%	$865K	$2.9M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	799.08	−0.027%	$9.7M	—	150x	as long as short
Variational Omni BNB	+0.0009%	8h	798.84	−0.057%	$4.1M	$5.4M	—	as long as short
BingX BNB-USDC	+0.0030%	8h	798.90	−0.050%	—	$13.3M	—	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+0.724%	$19K	$789K	30x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International BNB-PERP-INTX	+0.0048%	1h	798.68	−0.078%	$602K	$985K	50x	as long as short
Aster BNBUSDT	+0.0075%	8h	799.24	−0.008%	$6.2M	$19.3M	200x	as long as short
Phemex BNBUSDT	+0.0093%	8h	799.52	+0.028%	$69.9M	$50.7M	50x	as long as short
Binance BNBUSDT	+0.0095%	8h	799.02	−0.036%	$497.1M	$818.7M	75x	as long as short
Lighter BNB	+0.0096%	1h	798.55	−0.094%	$2.8M	$4.0M	20x	as long as short
MEXC BNB_USDT	+0.0096%	8h	799.50	+0.025%	$83.1M	$13.5M	200x	as long as short
Nado BNB-PERP	+0.0100%	1h	798.95	−0.044%	$1.4M	$2.7M	20x	as long as short
Pacifica BNB	+0.0100%	1h	798.76	−0.067%	$1.2M	$925K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	798.32	−0.123%	$138.7M	$77.0M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	798.40	−0.113%	$54.4M	$112.7M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	799.00	−0.038%	$53K	$133K	10x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	798.47	−0.104%	$28.0M	$10.2M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	798.39	−0.114%	$78.8M	$27.6M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	799.66	+0.046%	$4.2M	$76.5M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	799.37	+0.009%	$161K	$436K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	799.05	−0.031%	$116K	$872K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	798.99	−0.039%	$386K	$494K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	799.16	−0.018%	$32K	$5K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	799.62	+0.039%	$13K	$1.7M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	799.30	0.000%	$393K	$1.0M	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0100%	1h	799.49	+0.024%	$1.6M	$165K	25x	as long as short
HTX BNB-USDTshort	+0.0100%	8h	799.21	−0.012%	$8.2M	$8.1M	75x
Paradex BNB-USD-PERP	+0.0100%	8h	799.13	−0.021%	$78K	$19K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	798.31	−0.124%	$1.8M	$6.6M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	799.15	−0.019%	$384K	$40K	10x	as long as short
Phoenix BNB	+0.0127%	1h	799.98	+0.085%	$172K	$35K	10x	as long as short
Hibachi BNB/USDT-P	+0.0152%	1h	799.60	+0.038%	$70K	$43K	12x	as long as short
Kalshi KXBNBPERP	+0.0154%	8h	799.70	+0.050%	$90K	$2.9M	4.8x	as long as short
RISEx BNB/USDC	+0.0155%	1h	798.86	−0.054%	$1.1M	$1.4M	20x	as long as short
Bulk BNB-USD	+0.0158%	1h	799.24	−0.008%	$649K	$14K	10x	as long as short
dYdX BNB-USD	+0.0165%	1h	798.89	−0.052%	$161K	$63K	10x	as long as short
01 Exchange BNBUSDlong	+0.0200%	1h	799.30	long leg	$28K	$1K	10x
BloFin BNB-USDT	+0.0217%	8h	799.63	+0.041%	$18.1M	$2.5M	75x	as long as short
Hyperliquid BNB	+0.0218%	1h	799.46	+0.020%	$52.5M	$20.8M	10x	as long as short
Backpack BNB_USDC_PERP	+0.0269%	1h	799.58	+0.035%	$2.7M	$5.7M	40x	as long as short
Reya BNBRUSDPERP	+0.0331%	1h	798.72	−0.073%	$6K	$3K	40x	as long as short