Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.005%

Price spread now: SoDEX against HTX−0.103%7-day average +0.034% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$42as in the Price arb table

costs, in and out, $10k−$290.287% of the position

Long on HTX Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.009%+$1 on $10k

Price spread, last 3 days (all we have)+0.170%+$17 · spread now −0.103%, 7d avg +0.034%

Together, before fees+0.179%+$18 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: SoDEX is 0.136% cheaper against HTX than usual: you would sell low and buy high, −$14 on $10k if it goes back to its 7-day average of +0.034%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX BNB-USDT	793.92	0.0100	pay 0.0100% / 8h	6h 19m	$8.1M	$8.9M	75x
Short	SoDEX BNB-USD	793.10	0.0100	get 0.0013% / 1h	19m 27s	$390K	$997K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now −0.103%Rate

Funding earned: $0
Price spread: −0.103% → +0.034%: −$13.65
Slippage, 4 orders: −$8.74
Fee HTX: 6 bp × 2 orders: −$12
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$42.39
Costs to cover: 0.287%
Break-even: never at this rate

Slippage from HTX: live order book, 5 min ago; SoDEX: live order book, 64 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, 5 min ago	2.15 bp	10.6 bp −$11	14.2 bp −$142	44.4 bp −$4,436	doesn't fit
Sell SoDEX live order book, 64 min ago	0.63 bp	4.9 bp −$5	8.6 bp −$86	81.8 bp −$8,184	doesn't fit

BNB on 45 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 −0.0167% / S +0.0335%	1h	793.48	−0.055%	$46K	—	200x	as long as short
Kraken Futures PF_BNBUSD	−0.0132%	1h	792.90	−0.129%	$2.5M	$1.0M	50x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	793.56	−0.045%	$4K	$239	25x	as long as short
StandX BNB-USD	0.0000%	1h	794.40	+0.061%	$858K	$3.1M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	793.16	−0.096%	$9.7M	—	150x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+1.407%	$19K	$789K	30x	as long as short
Aster BNBUSDT	+0.0035%	8h	793.67	−0.031%	$6.1M	$19.7M	200x	as long as short
Variational Omni BNB	+0.0038%	8h	794.10	+0.023%	$4.1M	$4.9M	—	as long as short
BingX BNB-USDT	+0.0050%	8h	793.32	−0.075%	—	$34.9M	—	as long as short
Gate BNB_USDT	+0.0053%	8h	793.10	−0.103%	$35.4M	$56.5M	75x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International BNB-PERP-INTX	+0.0056%	1h	795.53	+0.203%	$610K	$1.1M	50x	as long as short
Phemex BNBUSDT	+0.0060%	8h	793.58	−0.042%	$69.4M	$50.7M	50x	as long as short
MEXC BNB_USDT	+0.0062%	8h	794.00	+0.010%	$82.4M	$12.8M	200x	as long as short
Binance BNBUSDT	+0.0062%	8h	793.80	−0.015%	$493.7M	$810.0M	75x	as long as short
GRVT BNB_USDT_Perp	+0.0070%	8h	795.62	+0.215%	$3.0M	$28.5M	10x	as long as short
dYdX BNB-USD	+0.0075%	1h	792.94	−0.123%	$160K	$63K	10x	as long as short
Phoenix BNB	+0.0088%	1h	794.99	+0.135%	$171K	$36K	10x	as long as short
Lighter BNB	+0.0096%	1h	793.38	−0.068%	$2.8M	$4.0M	20x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	793.20	−0.090%	$383K	$409K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	793.05	−0.109%	$1.4M	$2.7M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	793.82	−0.012%	$52.0M	$19.3M	10x	as long as short
Pacifica BNB	+0.0100%	1h	793.40	−0.065%	$1.2M	$915K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	793.20	−0.090%	$138.6M	$75.7M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	793.10	−0.103%	$53.2M	$110.1M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	793.40	−0.065%	$52K	$134K	10x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	793.02	−0.113%	$27.7M	$10.1M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	792.99	−0.117%	$77.2M	$28.1M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	794.91	+0.125%	$4.1M	$76.8M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	794.60	+0.086%	$160K	$436K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	793.27	−0.081%	$111K	$886K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	793.25	−0.084%	$32K	$9K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	794.14	+0.028%	$12K	$1.6M	50x	as long as short
SoDEX BNB-USDshort	+0.0100%	1h	793.10	−0.103%	$390K	$997K	10x
HTX BNB-USDTlong	+0.0100%	8h	793.92	long leg	$8.1M	$8.9M	75x
Paradex BNB-USD-PERP	+0.0100%	8h	793.91	0.000%	$77K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	792.84	−0.136%	$1.7M	$5.8M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	793.03	−0.111%	$381K	$110K	10x	as long as short
RISEx BNB/USDC	+0.0131%	1h	793.55	−0.046%	$1.1M	$1.1M	20x	as long as short
Kalshi KXBNBPERP	+0.0156%	8h	794.30	+0.048%	$113K	$2.7M	4.8x	as long as short
Bulk BNB-USD	+0.0195%	1h	795.93	+0.253%	$644K	$16K	10x	as long as short
01 Exchange BNBUSD	+0.0256%	1h	793.83	−0.011%	$28K	$3K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	793.43	−0.062%	$1.6M	$160K	25x	as long as short
Reya BNBRUSDPERP	+0.0328%	1h	793.04	−0.110%	$6K	$3K	40x	as long as short
Backpack BNB_USDC_PERP	+0.0383%	1h	793.90	−0.002%	$2.7M	$5.7M	40x	as long as short
Hibachi BNB/USDT-P	+0.0528%	1h	794.78	+0.109%	$68K	$38K	12x	as long as short