Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: HTX against edgeX−0.178%77s7-day average −0.078% · you buy dearer than you sell

Net, funding: paid 7d − costs−$31as 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−$310.310% of the position

Long on edgeX Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.003%$0 on $10k

Price spread, last 3 days (all we have)+0.046%+$5 · spread now −0.178%, 7d avg −0.078%

Together, before fees+0.043%+ Points / potential airdropedgeX: Active · farm board+$4 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 0.100% cheaper against edgeX than usual: you would sell low and buy high, −$10 on $10k if it goes back to its 7-day average of −0.078%. The two prices were read 77 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	edgeX BNBUSDC	802.33	0.0100	pay 0.0050% / 4h	37m 58s	$4.2M	$76.6M	30x
Short	HTX BNB-USDT	800.90	0.0100	get 0.0100% / 8h	37m 58s	$8.2M	$8.0M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against edgeX. 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 edgeXbpFee HTXbpOrdersPrice spread, now −0.178%Rate

Funding earned: $0
Price spread: −0.178% → −0.078%: −$10.04
Slippage, 4 orders: −$9.97
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee HTX: 6 bp × 2 orders: −$12
Net: −$41.01
Costs to cover: 0.310%
Break-even: never at this rate

Slippage from edgeX: live order book, 1 min ago; HTX: live order book, 1 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 edgeX live order book, 1 min ago	2.50 bp	7.0 bp −$7	7.0 bp −$70	11.4 bp −$1,136	doesn't fit
Sell HTX live order book, 1 min ago	0.32 bp	6.7 bp −$7	12.0 bp −$120	47.0 bp −$4,696	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 −0.0201% / S +0.0372%	1h	800.71	−0.203%	$48K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	801.45	−0.110%	$4K	$1K	25x	as long as short
Kraken Futures PF_BNBUSD	−0.0074%	1h	800.79	−0.193%	$2.6M	$970K	50x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	802.40	+0.008%	$3.0M	$28.0M	10x	as long as short
StandX BNB-USD	0.0000%	1h	801.98	−0.044%	$867K	$2.9M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	800.76	−0.196%	$9.8M	—	150x	as long as short
Variational Omni BNB	+0.0025%	8h	801.45	−0.110%	$4.1M	$5.4M	—	as long as short
BingX BNB-USDT	+0.0048%	8h	800.98	−0.169%	—	$34.7M	—	as long as short
Bybit BNBUSDT	+0.0055%	8h	800.50	−0.228%	$138.9M	$78.6M	75x	as long as short
Coinbase International BNB-PERP-INTX	+0.0072%	1h	800.72	−0.201%	$607K	$994K	50x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter BNB	+0.0096%	1h	801.06	−0.159%	$2.8M	$4.1M	20x	as long as short
Aster BNBUSDT	+0.0098%	8h	801.32	−0.126%	$6.3M	$19.0M	200x	as long as short
Nado BNB-PERP	+0.0100%	1h	800.82	−0.189%	$1.4M	$2.7M	20x	as long as short
Pacifica BNB	+0.0100%	1h	801.03	−0.162%	$1.2M	$926K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	800.50	−0.228%	$54.5M	$113.3M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	801.30	−0.129%	$53K	$133K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	800.70	−0.204%	$35.9M	$57.8M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	800.65	−0.210%	$28.0M	$10.3M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	800.39	−0.242%	$79.4M	$27.4M	75x	as long as short
edgeX BNBUSDClong	+0.0100%	4h	802.33	long leg	$4.2M	$76.6M	30x
ApeX Omni BNBUSDT	+0.0100%	1h	802.26	−0.009%	$162K	$442K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	800.97	−0.170%	$117K	$875K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	800.68	−0.206%	$387K	$497K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	800.93	−0.174%	$32K	$5K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	801.51	−0.102%	$13K	$1.7M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	800.90	−0.179%	$394K	$1.0M	10x	as long as short
HTX BNB-USDTshort	+0.0100%	8h	800.90	−0.178%	$8.2M	$8.0M	75x
Paradex BNB-USD-PERP	+0.0100%	8h	801.50	−0.104%	$78K	$19K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	800.31	−0.252%	$1.8M	$6.5M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	800.87	−0.183%	$385K	$40K	10x	as long as short
Phemex BNBUSDT	+0.0112%	8h	801.43	−0.113%	$70.0M	$50.9M	50x	as long as short
Kalshi KXBNBPERP	+0.0115%	8h	801.40	−0.116%	$110K	$2.9M	4.8x	as long as short
Binance BNBUSDT	+0.0120%	8h	801.29	−0.130%	$500.5M	$817.3M	75x	as long as short
MEXC BNB_USDT	+0.0120%	8h	801.40	−0.116%	$83.3M	$13.5M	200x	as long as short
Phoenix BNB	+0.0127%	1h	802.03	−0.038%	$172K	$36K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0200%	1h	801.12	−0.151%	$1.6M	$165K	25x	as long as short
Hyperliquid BNB	+0.0202%	1h	801.52	−0.101%	$51.9M	$21.0M	10x	as long as short
Hibachi BNB/USDT-P	+0.0216%	1h	800.91	−0.177%	$70K	$44K	12x	as long as short
BloFin BNB-USDT	+0.0241%	8h	801.36	−0.121%	$18.3M	$2.5M	75x	as long as short
RISEx BNB/USDC	+0.0258%	1h	801.14	−0.148%	$1.1M	$1.4M	20x	as long as short
Bulk BNB-USD	+0.0305%	1h	801.82	−0.064%	$651K	$20K	10x	as long as short
Injective BNB/USDC PERP	+0.0306%	1h	805.09	+0.344%	$19K	$789K	30x	as long as short
Reya BNBRUSDPERP	+0.0332%	1h	800.53	−0.224%	$6K	$3K	40x	as long as short
01 Exchange BNBUSD	+0.0336%	1h	801.69	−0.080%	$28K	$1K	10x	as long as short
Backpack BNB_USDC_PERP	+0.0395%	1h	801.76	−0.071%	$2.7M	$5.7M	40x	as long as short
dYdX BNB-USD	+0.0417%	1h	800.76	−0.196%	$161K	$62K	10x	as long as short