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Funding arb · Price arb /

BNB

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Alert: funding
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Alert: spread
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Funding you earn now, next payment 05:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%
Price spread now: Extended against HTX−0.094%7-day average −0.043% · you buy dearer than you sell
Net, funding: paid 7d − costs−$27as in the Funding arb table
Net, price: spread back to 7d avg − costs−$31as in the Price arb table
costs, in and out, $10k−$260.256% of the position
Long on HTXShort on Extended
What this pair did over the last
the charts below follow
Funding, last 7 days−0.019%−$2 on $10k
Price spread, last 4 days (all we have)+0.176%+$18 · spread now −0.094%, 7d avg −0.043%
Together, before fees+0.157%+ Points / potential airdropExtended: Active · farm board+$16 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: Extended is 0.052% cheaper against HTX than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of −0.043%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHTX BNB-USDT788.160.0100pay 0.0100% / 8h3h 27m$8.1M$9.6M75x
ShortExtended BNB-USD787.420.0104get 0.0013% / 1h27m 51s$1.9M$6.3M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended against HTX. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

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latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$0.84
Price spread: −0.094% → −0.043%
−$5.15
Slippage, 4 orders
−$8.57
Fee HTX: 6 bp × 2 orders
−$12
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$29.88
Costs to cover
0.256%
Break-even
256.0 days
Slippage from HTX: live order book, 1 min ago; Extended: live order book, 1 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy HTX live order book, 1 min ago0.82 bp8.3 bp −$810.3 bp −$10334.8 bp −$3,477doesn't fit
Sell Extended live order book, 1 min ago0.06 bp3.5 bp −$45.0 bp −$50doesn't fitdoesn't fit

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 −0.0192% / S +0.0356%1h787.83−0.043%$46K—200xas long as short
Kraken Futures PF_BNBUSD−0.0124%1h787.78−0.048%$2.5M$1.2M50xas long as short
Hotstuff BNB-PERP−0.0080%1h788.28+0.015%$4K$4225xas long as short
StandX BNB-USD0.0000%1h788.72+0.071%$851K$3.1M30xas long as short
gTrade (Gains Network) BNB/USDL +0.0007% / S −0.0007%1h787.80−0.046%$9.5M—150xas long as short
Aster BNBUSDT+0.0027%8h788.35+0.023%$6.1M$18.8M200xas long as short
Injective BNB/USDC PERP+0.0033%1h805.09+2.148%$19K$789K30xas long as short
BingX BNB-USDT+0.0040%8h787.90−0.033%—$22.3M—as long as short
MEXC BNB_USDT+0.0046%8h788.70+0.068%$80.0M$12.0M200xas long as short
Binance BNBUSDT+0.0047%8h788.32+0.020%$491.6M$798.6M75xas long as short
Show all 46 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Phemex BNBUSDT+0.0050%8h788.37+0.026%$69.0M$50.6M50xas long as short
Coinbase International BNB-PERP-INTX+0.0072%1h790.26+0.266%$580K$1.9M50xas long as short
Phoenix BNB+0.0092%1h788.66+0.063%$169K$35K10xas long as short
dYdX BNB-USD+0.0096%1h787.88−0.036%$159K$64K10xas long as short
Lighter BNB+0.0096%1h788.03−0.017%$2.7M$3.8M20xas long as short
Orderly PERP_BNB_USDC+0.0100%8h787.85−0.040%$265K$492K50xas long as short
Nado BNB-PERP+0.0100%1h787.90−0.033%$1.5M$2.6M20xas long as short
Hyperliquid BNB+0.0100%1h788.51+0.044%$51.7M$17.5M10xas long as short
Pacifica BNB+0.0100%1h788.28+0.015%$1.2M$933K20xas long as short
Bybit BNBUSDT+0.0100%8h787.73−0.055%$138.6M$73.8M75xas long as short
OKX BNB-USDT-SWAP+0.0100%8h787.80−0.046%$53.4M$111.6M50xas long as short
Arcus BNB-USD+0.0100%1h788.30+0.017%$52K$133K10xas long as short
Gate BNB_USDT+0.0100%8h787.80−0.046%$35.8M$57.6M75xas long as short
KuCoin BNBUSDTM+0.0100%8h787.51−0.083%$27.6M$10.3M75xas long as short
Bitget BNBUSDT+0.0100%8h787.71−0.058%$76.3M$30.5M75xas long as short
Backpack BNB_USDC_PERP+0.0100%1h788.19+0.003%$2.2M$6.1M40xas long as short
Variational Omni BNB+0.0100%8h788.21+0.006%$4.1M$4.8M—as long as short
edgeX BNBUSDC+0.0100%4h788.67+0.065%$4.1M$73.9M30xas long as short
ApeX Omni BNBUSDT+0.0100%1h788.63+0.059%$159K$442K50xas long as short
Polymarket Perps BNB-USD+0.0100%1h787.84−0.041%$130K$951K10xas long as short
Derive BNB-PERP+0.0100%1h787.95−0.028%$31K$12K10xas long as short
SunX BNB-USDT+0.0100%8h788.53+0.047%$12K$1.5M50xas long as short
SoDEX BNB-USD+0.0100%1h788.00−0.021%$387K$1.0M10xas long as short
HTX BNB-USDTlong+0.0100%8h788.16long leg$8.1M$9.6M75x
Paradex BNB-USD-PERP+0.0100%8h788.34+0.022%$77K$17K50xas long as short
Extended BNB-USDshort+0.0104%1h787.42−0.094%$1.9M$6.3M50x
Aevo BNB-PERP+0.0104%1h787.84−0.041%$378K$110K10xas long as short
Kalshi KXBNBPERP+0.0125%8h788.50+0.043%$126K$2.7M4.8xas long as short
BloFin BNB-USDT+0.0167%8h788.56+0.050%$18.1M$2.2M75xas long as short
GRVT BNB_USDT_Perp+0.0174%8h789.03+0.110%$2.9M$28.7M10xas long as short
Bulk BNB-USD+0.0219%1h788.52+0.045%$639K$9K10xas long as short
01 Exchange BNBUSD+0.0240%1h788.32+0.020%$28K$4K10xas long as short
Deribit BNB_USDC-PERPETUAL+0.0300%1h788.28+0.015%$1.5M$143K25xas long as short
Reya BNBRUSDPERP+0.0325%1h787.64−0.067%$6K$3K40xas long as short
Hibachi BNB/USDT-P+0.0416%1h788.23+0.009%$67K$39K12xas long as short
RISEx BNB/USDC+0.0431%1h788.38+0.027%$1.1M$893K20xas long as short