Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0002%/8hnext payment −$0.02 per $10,000 · paid last 24h −0.010%

Price spread now: HTX against MEXC−0.082%7-day average −0.191% · you buy dearer than you sell

Net, funding: paid 7d − costs−$19as in the Funding arb table

Net, price: spread back to 7d avg − costs−$15as in the Price arb table

costs, in and out, $10k−$260.258% of the position

Long on MEXC Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.067%+$7 on $10k

Price spread, last 3 days (all we have)−0.261%−$26 · spread now −0.082%, 7d avg −0.191%

Together, before fees−0.195%−$19 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 0.109% dearer against MEXC than usual: you sell high and buy low, +$11 on $10k if it goes back to its 7-day average of −0.191%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC BNB_USDT	801.30	0.0102	pay 0.0102% / 8h	4h 21m	$84.0M	$15.2M	200x
Short	HTX BNB-USDT	800.64	0.0100	get 0.0100% / 8h	4h 21m	$8.2M	$6.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against MEXC. 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 MEXCbpFee HTXbpOrdersPrice spread, now −0.082%Rate

Funding earned: −$0.42
Price spread: −0.082% → −0.191%: $10.93
Slippage, 4 orders: −$9.81
Fee MEXC: 2 bp × 2 orders: −$4
Fee HTX: 6 bp × 2 orders: −$12
Net: −$15.3
Costs to cover: 0.258%
Break-even: never at this rate

Slippage from MEXC: live order book, 2 min ago; HTX: live order book, 2 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 MEXC live order book, 2 min ago	0.62 bp	2.6 bp −$3	5.6 bp −$56	21.1 bp −$2,107	40.7 bp −$20.3K
Sell HTX live order book, 2 min ago	2.02 bp	9.5 bp −$9	11.7 bp −$117	45.8 bp −$4,577	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 −0.0195% / S +0.0371%	1h	800.43	−0.108%	$48K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	801.12	−0.022%	$4K	$1K	25x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	801.15	−0.019%	$3.0M	$30.1M	10x	as long as short
Kalshi KXBNBPERP	0.0000%	8h	801.20	−0.012%	$107K	$2.7M	4.8x	as long as short
StandX BNB-USD	0.0000%	1h	801.93	+0.079%	$867K	$3.1M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0008%	1h	800.56	−0.092%	$9.7M	—	150x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	800.43	−0.109%	$19K	$407K	30x	as long as short
Coinbase International BNB-PERP-INTX	+0.0056%	1h	800.37	−0.116%	$601K	$904K	50x	as long as short
Variational Omni BNB	+0.0072%	8h	799.45	−0.231%	$4.1M	$5.5M	—	as long as short
BingX BNB-USDC	+0.0080%	8h	800.56	−0.092%	—	$13.2M	—	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	800.46	−0.104%	$2.9M	$3.9M	20x	as long as short
Aster BNBUSDT	+0.0097%	8h	800.47	−0.104%	$6.3M	$18.9M	200x	as long as short
Nado BNB-PERP	+0.0100%	1h	800.51	−0.098%	$1.4M	$2.8M	20x	as long as short
Pacifica BNB	+0.0100%	1h	801.03	−0.033%	$1.2M	$916K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	799.70	−0.200%	$138.4M	$87.7M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	799.90	−0.175%	$55.0M	$116.4M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	800.80	−0.062%	$53K	$221K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	799.90	−0.175%	$35.9M	$59.4M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	799.89	−0.176%	$27.9M	$10.4M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	799.76	−0.192%	$78.4M	$24.5M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	801.17	−0.016%	$4.2M	$75.9M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	801.23	−0.009%	$158K	$438K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	800.50	−0.100%	$118K	$880K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	800.38	−0.115%	$387K	$627K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	800.58	−0.089%	$32K	$5K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	801.30	0.000%	$13K	$1.7M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	800.60	−0.087%	$394K	$1.0M	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0100%	1h	800.88	−0.052%	$1.6M	$159K	25x	as long as short
HTX BNB-USDTshort	+0.0100%	8h	800.64	−0.082%	$8.2M	$6.9M	75x
Bulk BNB-USD	+0.0100%	1h	801.29	−0.002%	$651K	$16K	10x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	801.43	+0.016%	$78K	$19K	50x	as long as short
Binance BNBUSDT	+0.0101%	8h	800.55	−0.093%	$516.3M	$802.2M	75x	as long as short
MEXC BNB_USDTlong	+0.0102%	8h	801.30	long leg	$84.0M	$15.2M	200x
Phemex BNBUSDT	+0.0103%	8h	801.00	−0.037%	$70.1M	$51.6M	50x	as long as short
Extended BNB-USD	+0.0104%	1h	799.77	−0.191%	$1.9M	$6.4M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	800.69	−0.076%	$385K	$40K	10x	as long as short
Phoenix BNB	+0.0151%	1h	801.63	+0.041%	$172K	$28K	10x	as long as short
RISEx BNB/USDC	+0.0165%	1h	800.86	−0.055%	$1.1M	$1.4M	20x	as long as short
Kraken Futures PF_BNBUSD	+0.0185%	1h	800.49	−0.101%	$2.5M	$924K	50x	as long as short
BloFin BNB-USDT	+0.0222%	8h	801.21	−0.011%	$19.0M	$3.0M	75x	as long as short
Hyperliquid BNB	+0.0247%	1h	800.84	−0.057%	$51.4M	$21.4M	10x	as long as short
01 Exchange BNBUSD	+0.0272%	1h	801.39	+0.011%	$28K	$1K	10x	as long as short
Hibachi BNB/USDT-P	+0.0328%	1h	801.01	−0.036%	$71K	$48K	12x	as long as short
Reya BNBRUSDPERP	+0.0335%	1h	800.19	−0.138%	$9K	—	40x	as long as short
dYdX BNB-USD	+0.0362%	1h	800.88	−0.052%	$173K	$51K	10x	as long as short
Backpack BNB_USDC_PERP	+0.0694%	1h	801.40	+0.012%	$3.0M	$5.3M	40x	as long as short