Funding arb · Price arb /

BNB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.005%

Price spread now: HTX against Arcus−0.029%7-day average −0.110% · 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−$29as in the Price arb table

costs, in and out, $10k−$370.373% of the position

Long on Arcus Short on HTX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.061%−$6 on $10k

Price spread, last 4 days (all we have)−0.453%−$45 · spread now −0.029%, 7d avg −0.110%

Together, before fees−0.514%−$51 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: HTX is 0.081% dearer against Arcus than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of −0.110%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus BNB-USD	790.40	0.0100	pay 0.0013% / 1h	3m 50s	$52K	$130K	10x
Short	HTX BNB-USDT	790.17	0.0100	get 0.0100% / 8h	5h 03m	$8.1M	$9.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Arcus. 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 ArcusbpFee HTXbpOrdersPrice spread, now −0.029%Rate

Funding earned: $0
Price spread: −0.029% → −0.110%: $8.13
Slippage, 4 orders: −$20.82
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee HTX: 6 bp × 2 orders: −$12
Net: −$29.18
Costs to cover: 0.373%
Break-even: never at this rate

Slippage from Arcus: live order book, 59 min ago; 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 Arcus live order book, 59 min ago	4.43 bp	9.2 bp −$9	27.6 bp −$276	doesn't fit	doesn't fit
Sell HTX live order book, 5 min ago	0.45 bp	10.8 bp −$11	14.0 bp −$140	83.6 bp −$8,359	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 −0.0181% / S +0.0346%	1h	790.20	−0.025%	$46K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	790.66	+0.033%	$4K	$239	25x	as long as short
StandX BNB-USD	0.0000%	1h	790.62	+0.028%	$854K	$3.1M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	790.16	−0.030%	$9.6M	—	150x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+1.859%	$19K	$789K	30x	as long as short
Aster BNBUSDT	+0.0047%	8h	790.48	+0.011%	$6.2M	$18.7M	200x	as long as short
Coinbase International BNB-PERP-INTX	+0.0048%	1h	790.10	−0.038%	$590K	$1.9M	50x	as long as short
Phemex BNBUSDT	+0.0058%	8h	790.73	+0.042%	$69.3M	$50.3M	50x	as long as short
BingX BNB-USDC	+0.0058%	8h	790.21	−0.024%	—	$13.4M	—	as long as short
MEXC BNB_USDT	+0.0070%	8h	791.10	+0.089%	$80.4M	$12.5M	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	+0.0071%	8h	790.18	−0.028%	$493.5M	$791.7M	75x	as long as short
Kraken Futures PF_BNBUSD	+0.0091%	1h	790.26	−0.018%	$2.5M	$1.2M	50x	as long as short
Lighter BNB	+0.0096%	1h	789.76	−0.081%	$2.7M	$3.9M	20x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	790.25	−0.019%	$266K	$498K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	789.95	−0.057%	$1.5M	$2.6M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	790.21	−0.024%	$51.9M	$17.5M	10x	as long as short
Pacifica BNB	+0.0100%	1h	790.46	+0.008%	$1.2M	$914K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	789.75	−0.082%	$139.0M	$76.5M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	789.60	−0.101%	$53.4M	$111.9M	50x	as long as short
Arcus BNB-USDlong	+0.0100%	1h	790.40	long leg	$52K	$130K	10x
Gate BNB_USDT	+0.0100%	8h	790.15	−0.032%	$35.4M	$57.6M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	790.17	−0.029%	$27.7M	$10.4M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	789.32	−0.137%	$76.5M	$30.3M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	790.74	+0.043%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	789.30	−0.140%	$4.1M	$4.6M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	791.12	+0.091%	$4.1M	$74.7M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	791.37	+0.123%	$159K	$441K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	790.10	−0.038%	$133K	$949K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	790.40	0.000%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	790.72	+0.041%	$12K	$1.5M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	790.40	0.000%	$389K	$1.0M	10x	as long as short
HTX BNB-USDTshort	+0.0100%	8h	790.17	−0.029%	$8.1M	$9.3M	75x
Paradex BNB-USD-PERP	+0.0102%	8h	790.89	+0.062%	$77K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	789.85	−0.070%	$1.8M	$5.9M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	790.10	−0.038%	$380K	$110K	10x	as long as short
Phoenix BNB	+0.0107%	1h	790.39	−0.001%	$170K	$35K	10x	as long as short
GRVT BNB_USDT_Perp	+0.0141%	8h	791.87	+0.187%	$2.9M	$27.9M	10x	as long as short
Kalshi KXBNBPERP	+0.0184%	8h	790.60	+0.025%	$104K	$2.7M	4.8x	as long as short
dYdX BNB-USD	+0.0189%	1h	790.34	−0.007%	$160K	$64K	10x	as long as short
BloFin BNB-USDT	+0.0191%	8h	790.95	+0.070%	$18.2M	$2.2M	75x	as long as short
01 Exchange BNBUSD	+0.0280%	1h	790.79	+0.049%	$28K	$4K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	790.67	+0.034%	$1.5M	$143K	25x	as long as short
Reya BNBRUSDPERP	+0.0327%	1h	789.75	−0.082%	$6K	$3K	40x	as long as short
Bulk BNB-USD	+0.0338%	1h	790.78	+0.048%	$640K	$9K	10x	as long as short
RISEx BNB/USDC	+0.0361%	1h	790.55	+0.019%	$1.1M	$979K	20x	as long as short
Hibachi BNB/USDT-P	+0.0576%	1h	790.19	−0.027%	$67K	$38K	12x	as long as short