Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: HTX against Orderly−0.025%54s7-day average −0.039% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Orderly Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)−0.044%−$4 · spread now −0.025%, 7d avg −0.039%

Together, before fees−0.044%−$4 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_BNB_USDC	787.94	0.0100	pay 0.0100% / 8h	7h 17m	$265K	$357K	50x
Short	HTX BNB-USDT	787.75	0.0100	get 0.0100% / 8h	7h 17m	$8.0M	$10.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Orderly. 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 OrderlybpFee HTXbpOrdersPrice spread, now −0.025%Rate

Funding earned: $0
Price spread: −0.025% → −0.039%: $1.44
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee HTX: 6 bp × 2 orders: −$12
Net: −$16.56
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; HTX: live order book, 2 min ago. Net counts fees only.

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 Orderly no order-book sample	—	—	—	—	—
Sell HTX live order book, 2 min ago	1.14 bp	10.3 bp −$10	14.8 bp −$148	47.3 bp −$4,726	doesn't fit

Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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 −0.0166% / S +0.0336%	1h	787.57	−0.047%	$43K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	788.02	+0.010%	$4K	—	25x	as long as short
Kraken Futures PF_BNBUSD	−0.0021%	1h	787.96	+0.002%	$2.5M	$1.2M	50x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	787.88	−0.008%	$3.0M	$27.0M	10x	as long as short
StandX BNB-USD	0.0000%	1h	788.36	+0.053%	$850K	$2.7M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	787.76	−0.023%	$9.5M	—	150x	as long as short
Aster BNBUSDT	+0.0016%	8h	788.05	+0.014%	$6.0M	$17.8M	200x	as long as short
BingX BNB-USDT	+0.0028%	8h	787.85	−0.011%	—	$22.1M	—	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.177%	$19K	$789K	30x	as long as short
MEXC BNB_USDT	+0.0034%	8h	789.20	+0.160%	$82.8M	$12.3M	200x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance BNBUSDT	+0.0034%	8h	788.21	+0.034%	$489.4M	$794.8M	75x	as long as short
Lighter BNB	+0.0096%	1h	787.80	−0.017%	$2.7M	$3.7M	20x	as long as short
Nado BNB-PERP	+0.0100%	1h	787.60	−0.043%	$1.4M	$2.6M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	788.10	+0.020%	$51.7M	$17.4M	10x	as long as short
Pacifica BNB	+0.0100%	1h	787.96	+0.002%	$1.2M	$936K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	787.71	−0.029%	$138.7M	$71.8M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	787.70	−0.030%	$53.6M	$108.5M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	787.90	−0.005%	$52K	$125K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	787.75	−0.024%	$39.8M	$56.2M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	787.36	−0.074%	$27.8M	$9.8M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	787.20	−0.094%	$75.5M	$32.0M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	788.29	+0.044%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	787.84	−0.013%	$4.3M	$5.0M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	787.84	−0.013%	$4.1M	$76.4M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	787.71	−0.029%	$159K	$439K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	787.39	−0.070%	$132K	$917K	10x	as long as short
Orderly PERP_BNB_USDClong	+0.0100%	8h	787.94	long leg	$265K	$357K	50x
Derive BNB-PERP	+0.0100%	1h	784.27	−0.466%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	788.16	+0.028%	$12K	$1.5M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	788.10	+0.020%	$388K	$939K	10x	as long as short
HTX BNB-USDTshort	+0.0100%	8h	787.75	−0.025%	$8.0M	$10.3M	75x
Paradex BNB-USD-PERP	+0.0100%	8h	788.23	+0.037%	$78K	$47K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	787.45	−0.062%	$1.8M	$5.8M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	787.92	−0.003%	$378K	$110K	10x	as long as short
Kalshi KXBNBPERP	+0.0107%	8h	788.20	+0.033%	$158K	$2.6M	4.8x	as long as short
Phemex BNBUSDT	+0.0112%	8h	788.53	+0.075%	$68.6M	$51.3M	50x	as long as short
Coinbase International BNB-PERP-INTX	+0.0120%	1h	787.14	−0.102%	$548K	$1.9M	50x	as long as short
Phoenix BNB	+0.0120%	1h	787.62	−0.041%	$158K	$38K	10x	as long as short
BloFin BNB-USDT	+0.0141%	8h	787.98	+0.005%	$17.8M	$2.2M	75x	as long as short
Bulk BNB-USD	+0.0154%	1h	788.26	+0.040%	$639K	$0	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0200%	1h	788.38	+0.056%	$1.5M	$141K	25x	as long as short
dYdX BNB-USD	+0.0208%	1h	787.48	−0.058%	$158K	$63K	10x	as long as short
01 Exchange BNBUSD	+0.0232%	1h	788.15	+0.027%	$28K	$3K	10x	as long as short
Reya BNBRUSDPERP	+0.0319%	1h	787.32	−0.079%	$6K	$3K	40x	as long as short
RISEx BNB/USDC	+0.0355%	1h	788.02	+0.010%	$1.1M	$885K	20x	as long as short
Hibachi BNB/USDT-P	+0.0408%	1h	787.71	−0.029%	$67K	$39K	12x	as long as short