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Funding arb · Price arb /

BNB

all BNB markets
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Alert: funding
Measured
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Alert: spread
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding you earn now, next payment 07:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.001%
Price spread now: HTX against Derive+0.246%784s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on DeriveShort on HTX
What this pair did over the last
the charts below follow
Funding, last 4 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
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: HTX is 0.246% dearer against Derive than usual: you sell high and buy low, +$25 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 784 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongDerive BNB-PERP786.030.0100pay 0.0013% / 1h22m 26s$31K$12K10x
ShortHTX BNB-USDT787.960.0100get 0.0100% / 8h1h 22m$8.0M$10.2M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

HTX against Derive. 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

Funding earned
$0
Price spread: +0.246% → 0.000%
$24.55
Slippage, 4 orders
no order book: not counted
Fee Derive: 3 bp × 2 orders
−$6
Fee HTX: 6 bp × 2 orders
−$12
Net
$6.55
Costs to cover
0.180%
Break-even
from the start
Slippage unknown: Derive: no order-book sample; HTX: live order book, 2 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Derive no order-book sample—————
Sell HTX live order book, 2 min ago2.17 bp10.1 bp −$1016.5 bp −$16547.6 bp −$4,764doesn't fit
Derive: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GMX BNB/USD [WBTC.b-USDC]L −0.0170% / S +0.0337%1h787.53+0.191%$43K—200xas long as short
Hotstuff BNB-PERP−0.0080%1h788.27+0.285%$4K$4225xas long as short
StandX BNB-USD0.0000%1h788.25+0.282%$850K$2.8M30xas long as short
gTrade (Gains Network) BNB/USDL +0.0007% / S −0.0007%1h787.52+0.189%$9.5M—150xas long as short
Injective BNB/USDC PERP+0.0033%1h805.09+2.425%$19K$789K30xas long as short
BingX BNB-USDT+0.0051%8h787.46+0.182%—$22.3M—as long as short
Aster BNBUSDT+0.0051%8h787.92+0.240%$6.1M$18.8M200xas long as short
Binance BNBUSDT+0.0064%8h787.83+0.229%$490.6M$818.3M75xas long as short
MEXC BNB_USDT+0.0064%8h788.40+0.301%$81.1M$12.1M200xas long as short
dYdX BNB-USD+0.0066%1h787.29+0.160%$160K$62K10xas long as short
Show all 46 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Phemex BNBUSDT+0.0078%8h788.12+0.266%$68.9M$51.1M50xas long as short
Coinbase International BNB-PERP-INTX+0.0080%1h787.30+0.161%$568K$1.9M50xas long as short
Lighter BNB+0.0096%1h787.56+0.194%$2.7M$3.8M20xas long as short
Nado BNB-PERP+0.0100%1h787.25+0.155%$1.4M$2.7M20xas long as short
Hyperliquid BNB+0.0100%1h787.93+0.241%$51.6M$17.6M10xas long as short
Pacifica BNB+0.0100%1h787.58+0.197%$1.2M$933K20xas long as short
Bybit BNBUSDT+0.0100%8h787.30+0.161%$138.5M$75.1M75xas long as short
OKX BNB-USDT-SWAP+0.0100%8h787.10+0.136%$53.6M$113.2M50xas long as short
Arcus BNB-USD+0.0100%1h787.50+0.187%$52K$129K10xas long as short
Gate BNB_USDT+0.0100%8h787.35+0.168%$37.6M$59.2M75xas long as short
KuCoin BNBUSDTM+0.0100%8h786.94+0.116%$27.7M$10.2M75xas long as short
Bitget BNBUSDT+0.0100%8h787.20+0.149%$76.2M$31.2M75xas long as short
Backpack BNB_USDC_PERP+0.0100%1h787.92+0.240%$2.2M$6.1M40xas long as short
Variational Omni BNB+0.0100%8h787.71+0.214%$4.1M$4.8M—as long as short
edgeX BNBUSDC+0.0100%4h787.92+0.240%$4.1M$76.1M30xas long as short
ApeX Omni BNBUSDT+0.0100%1h788.27+0.285%$159K$437K50xas long as short
Polymarket Perps BNB-USD+0.0100%1h787.20+0.149%$132K$951K10xas long as short
Orderly PERP_BNB_USDC+0.0100%8h787.55+0.193%$265K$470K50xas long as short
Derive BNB-PERPlong+0.0100%1h786.03long leg$31K$12K10x
SunX BNB-USDT+0.0100%8h788.07+0.259%$12K$1.5M50xas long as short
SoDEX BNB-USD+0.0100%1h787.70+0.212%$387K$981K10xas long as short
HTX BNB-USDTshort+0.0100%8h787.96+0.246%$8.0M$10.2M75x
Paradex BNB-USD-PERP+0.0101%8h787.98+0.247%$78K$18K50xas long as short
Extended BNB-USD+0.0104%1h787.01+0.125%$1.8M$6.0M50xas long as short
Aevo BNB-PERP+0.0104%1h787.63+0.203%$378K$110K10xas long as short
Kalshi KXBNBPERP+0.0132%8h787.90+0.238%$170K$2.7M4.8xas long as short
Phoenix BNB+0.0135%1h788.01+0.252%$169K$35K10xas long as short
BloFin BNB-USDT+0.0184%8h788.03+0.254%$17.7M$2.2M75xas long as short
Deribit BNB_USDC-PERPETUAL+0.0200%1h788.01+0.252%$1.5M$145K25xas long as short
Kraken Futures PF_BNBUSD+0.0205%1h787.38+0.172%$2.5M$1.2M50xas long as short
GRVT BNB_USDT_Perp+0.0230%8h788.36+0.297%$2.9M$29.5M10xas long as short
01 Exchange BNBUSD+0.0248%1h787.81+0.226%$28K$4K10xas long as short
Bulk BNB-USD+0.0291%1h787.29+0.160%$638K$4K10xas long as short
Reya BNBRUSDPERP+0.0322%1h787.06+0.130%$6K$3K40xas long as short
RISEx BNB/USDC+0.0438%1h787.61+0.200%$1.1M$915K20xas long as short
Hibachi BNB/USDT-P+0.0512%1h787.97+0.247%$67K$39K12xas long as short