BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0043%/8h= −4.7% APRnext payment −$0.43 per $10,000 · paid last 24h +0.002%

Price spread now: MEXC against HTX+0.156%50s7-day average +0.182% · you sell dearer than you buy

Net, funding: paid 7d − costs−$32as 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−$250.255% of the position

Long on HTX Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.061%−$6 on $10k

Price spread, last 4 days (all we have)+0.216%+$22 · spread now +0.156%, 7d avg +0.182%

Together, before fees+0.155%+$16 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and MEXC is 0.026% cheaper against HTX than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.182%). Swap the legs. The two prices were read 50 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	HTX BNB-USDT	786.77	0.0100	pay 0.0100% / 8h	1h 00m	$8.0M	$10.2M	75x
Short	MEXC BNB_USDT	788.00	0.0057	get 0.0057% / 8h	1h 00m	$81.1M	$12.1M	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.156%Rate

Funding earned: −$9.03
Price spread: +0.156% → +0.182%: −$2.64
Slippage, 4 orders: −$9.46
Fee HTX: 6 bp × 2 orders: −$12
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$37.12
Costs to cover: 0.255%
Break-even: never at this rate

Slippage from HTX: live order book, 4 min ago; MEXC: live order book, 4 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, 4 min ago	1.03 bp	7.5 bp −$8	8.7 bp −$87	35.2 bp −$3,523	doesn't fit
Sell MEXC live order book, 4 min ago	0.63 bp	4.0 bp −$4	7.1 bp −$71	24.3 bp −$2,428	40.0 bp −$20.0K

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 −0.0170% / S +0.0337%	1h	786.23	−0.070%	$43K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	786.78	+0.001%	$4K	$42	25x	as long as short
StandX BNB-USD	0.0000%	1h	787.83	+0.134%	$850K	$2.7M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	786.29	−0.062%	$9.5M	—	150x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.328%	$19K	$789K	30x	as long as short
BingX BNB-USDC	+0.0047%	8h	786.52	−0.032%	—	$13.4M	—	as long as short
Aster BNBUSDT	+0.0048%	8h	787.05	+0.035%	$6.1M	$18.8M	200x	as long as short
MEXC BNB_USDTshort	+0.0057%	8h	788.00	+0.156%	$81.1M	$12.1M	200x
Binance BNBUSDT	+0.0057%	8h	787.09	+0.040%	$489.2M	$821.2M	75x	as long as short
dYdX BNB-USD	+0.0065%	1h	786.64	−0.017%	$159K	$62K	10x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex BNBUSDT	+0.0075%	8h	786.83	+0.007%	$68.7M	$51.1M	50x	as long as short
Coinbase International BNB-PERP-INTX	+0.0080%	1h	787.43	+0.083%	$564K	$1.9M	50x	as long as short
Lighter BNB	+0.0096%	1h	786.42	−0.044%	$2.7M	$3.9M	20x	as long as short
Nado BNB-PERP	+0.0100%	1h	786.05	−0.092%	$1.4M	$2.7M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	787.34	+0.072%	$51.5M	$17.7M	10x	as long as short
Pacifica BNB	+0.0100%	1h	786.50	−0.035%	$1.2M	$933K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	786.53	−0.031%	$138.4M	$75.0M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	786.50	−0.035%	$53.5M	$113.2M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	786.70	−0.009%	$52K	$129K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	786.40	−0.048%	$37.9M	$59.6M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	786.24	−0.068%	$27.7M	$10.2M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	786.41	−0.046%	$76.7M	$31.5M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	786.65	−0.016%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	785.91	−0.110%	$4.0M	$4.8M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	787.27	+0.063%	$4.1M	$76.5M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	787.69	+0.116%	$159K	$438K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	786.60	−0.022%	$131K	$953K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	786.32	−0.058%	$264K	$460K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	787.05	+0.035%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	786.89	+0.014%	$12K	$1.5M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	786.50	−0.035%	$387K	$977K	10x	as long as short
HTX BNB-USDTlong	+0.0100%	8h	786.77	long leg	$8.0M	$10.2M	75x
Paradex BNB-USD-PERP	+0.0100%	8h	786.89	+0.015%	$78K	$18K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	786.00	−0.099%	$1.8M	$5.9M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	786.31	−0.059%	$378K	$110K	10x	as long as short
Kalshi KXBNBPERP	+0.0117%	8h	786.90	+0.016%	$171K	$2.7M	4.8x	as long as short
Phoenix BNB	+0.0135%	1h	787.76	+0.125%	$169K	$35K	10x	as long as short
BloFin BNB-USDT	+0.0177%	8h	786.92	+0.019%	$17.7M	$2.2M	75x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0200%	1h	786.73	−0.006%	$1.5M	$145K	25x	as long as short
Kraken Futures PF_BNBUSD	+0.0206%	1h	786.23	−0.070%	$2.5M	$1.2M	50x	as long as short
GRVT BNB_USDT_Perp	+0.0227%	8h	787.38	+0.077%	$2.9M	$28.6M	10x	as long as short
Bulk BNB-USD	+0.0230%	1h	786.88	+0.014%	$638K	$831	10x	as long as short
01 Exchange BNBUSD	+0.0248%	1h	787.10	+0.041%	$28K	$4K	10x	as long as short
Reya BNBRUSDPERP	+0.0321%	1h	786.00	−0.098%	$6K	$3K	40x	as long as short
RISEx BNB/USDC	+0.0438%	1h	786.76	−0.002%	$1.1M	$915K	20x	as long as short
Hibachi BNB/USDT-P	+0.0464%	1h	786.61	−0.021%	$67K	$39K	12x	as long as short