Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: KuCoin against HTX+0.020%7-day average +0.001% · you sell dearer than you buy

Net, funding: paid 7d − costs−$41as in the Funding arb table

Net, price: spread back to 7d avg − costs−$36as in the Price arb table

costs, in and out, $10k−$370.375% of the position

Long on HTX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.032%−$3 on $10k

Price spread, last 3 days (all we have)+0.074%+$7 · spread now +0.020%, 7d avg +0.001%

Together, before fees+0.042%+$4 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX BNB-USDT	795.90	0.0100	pay 0.0100% / 8h	7h 02m	$8.2M	$8.4M	75x
Short	KuCoin BNBUSDTM	796.06	0.0100	get 0.0100% / 8h	7h 02m	$27.8M	$10.0M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against HTX. 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 HTXbpFee KuCoinbpOrdersPrice spread, now +0.020%Rate

Funding earned: $0
Price spread: +0.020% → +0.001%: $1.84
Slippage, 4 orders: −$13.45
Fee HTX: 6 bp × 2 orders: −$12
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$35.61
Costs to cover: 0.375%
Break-even: never at this rate

Slippage from HTX: live order book, 1 min ago; KuCoin: live order book, 6 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 HTX live order book, 1 min ago	1.45 bp	8.3 bp −$8	13.0 bp −$130	60.8 bp −$6,076	doesn't fit
Sell KuCoin live order book, 6 min ago	0.06 bp	9.6 bp −$10	15.3 bp −$153	43.8 bp −$4,381	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 −0.0159% / S +0.0335%	1h	795.94	+0.004%	$47K	—	200x	as long as short
Kraken Futures PF_BNBUSD	−0.0121%	1h	795.80	−0.013%	$2.5M	$1.0M	50x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	796.50	+0.075%	$4K	$239	25x	as long as short
Gate BNB_USDT	−0.0013%	8h	795.10	−0.101%	$35.8M	$57.3M	75x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	797.56	+0.208%	$3.0M	$27.9M	10x	as long as short
StandX BNB-USD	0.0000%	1h	798.24	+0.294%	$863K	$3.0M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	796.02	+0.015%	$9.7M	—	150x	as long as short
Variational Omni BNB	+0.0009%	8h	796.50	+0.075%	$4.1M	$5.1M	—	as long as short
Phemex BNBUSDT	+0.0013%	8h	796.31	+0.051%	$69.5M	$50.2M	50x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+1.154%	$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
Aster BNBUSDT	+0.0042%	8h	796.71	+0.101%	$6.2M	$19.6M	200x	as long as short
Coinbase International BNB-PERP-INTX	+0.0048%	1h	796.73	+0.104%	$610K	$1.1M	50x	as long as short
BingX BNB-USDC	+0.0057%	8h	795.61	−0.037%	—	$13.3M	—	as long as short
MEXC BNB_USDT	+0.0068%	8h	796.60	+0.087%	$82.8M	$13.7M	200x	as long as short
Binance BNBUSDT	+0.0068%	8h	796.21	+0.038%	$495.6M	$813.3M	75x	as long as short
Bybit BNBUSDT	+0.0070%	8h	795.30	−0.076%	$138.4M	$76.5M	75x	as long as short
Lighter BNB	+0.0096%	1h	796.05	+0.019%	$2.8M	$4.0M	20x	as long as short
Phoenix BNB	+0.0099%	1h	797.27	+0.172%	$171K	$36K	10x	as long as short
Nado BNB-PERP	+0.0100%	1h	796.20	+0.037%	$1.4M	$2.7M	20x	as long as short
Pacifica BNB	+0.0100%	1h	795.92	+0.002%	$1.2M	$930K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	795.10	−0.101%	$54.0M	$110.6M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	795.80	−0.013%	$52K	$127K	10x	as long as short
KuCoin BNBUSDTMshort	+0.0100%	8h	796.06	+0.020%	$27.8M	$10.0M	75x
Bitget BNBUSDT	+0.0100%	8h	794.99	−0.115%	$77.8M	$28.1M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	797.71	+0.227%	$4.1M	$76.3M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	798.08	+0.273%	$161K	$436K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	796.05	+0.018%	$111K	$887K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	796.10	+0.025%	$385K	$468K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	796.26	+0.044%	$32K	$9K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	797.83	+0.242%	$13K	$1.6M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	796.20	+0.037%	$392K	$995K	10x	as long as short
HTX BNB-USDTlong	+0.0100%	8h	795.90	long leg	$8.2M	$8.4M	75x
Paradex BNB-USD-PERP	+0.0100%	8h	796.08	+0.022%	$78K	$18K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	794.92	−0.123%	$1.8M	$6.0M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	796.09	+0.023%	$382K	$110K	10x	as long as short
Bulk BNB-USD	+0.0133%	1h	798.69	+0.350%	$649K	$10K	10x	as long as short
RISEx BNB/USDC	+0.0155%	1h	795.55	−0.044%	$1.1M	$1.4M	20x	as long as short
Kalshi KXBNBPERP	+0.0164%	8h	797.30	+0.175%	$104K	$2.8M	4.8x	as long as short
dYdX BNB-USD	+0.0185%	1h	796.05	+0.019%	$161K	$63K	10x	as long as short
BloFin BNB-USDT	+0.0188%	8h	796.80	+0.113%	$18.1M	$2.5M	75x	as long as short
01 Exchange BNBUSD	+0.0200%	1h	796.79	+0.111%	$28K	$1K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0200%	1h	796.54	+0.080%	$1.6M	$161K	25x	as long as short
Hyperliquid BNB	+0.0279%	1h	796.67	+0.096%	$52.9M	$20.1M	10x	as long as short
Reya BNBRUSDPERP	+0.0329%	1h	795.80	−0.013%	$6K	$3K	40x	as long as short
Hibachi BNB/USDT-P	+0.0400%	1h	797.86	+0.245%	$68K	$38K	12x	as long as short
Backpack BNB_USDC_PERP	+0.0425%	1h	796.73	+0.104%	$2.7M	$5.7M	40x	as long as short