Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: HTX against Pacifica−0.027%7-day average −0.044% · you buy dearer than you sell

Net, funding: paid 7d − costs−$31as in the Funding arb table

Net, price: spread back to 7d avg − costs−$28as in the Price arb table

costs, in and out, $10k−$300.298% of the position

Long on Pacifica Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.010%−$1 on $10k

Price spread, last 3 days (all we have)−0.137%−$14 · spread now −0.027%, 7d avg −0.044%

Together, before fees−0.148%+ Points / potential airdropPacifica: Active · farm board−$15 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica BNB	799.61	0.0100	pay 0.0013% / 1h	6m 00s	$1.2M	$926K	20x
Short	HTX BNB-USDT	799.39	0.0100	get 0.0100% / 8h	1h 06m	$8.2M	$7.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Pacifica. 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 PacificabpFee HTXbpOrdersPrice spread, now −0.027%Rate

Funding earned: $0
Price spread: −0.027% → −0.044%: $1.71
Slippage, 4 orders: −$9.81
Fee Pacifica: 4 bp × 2 orders: −$8
Fee HTX: 6 bp × 2 orders: −$12
Net: −$28.1
Costs to cover: 0.298%
Break-even: never at this rate

Slippage from Pacifica: live order book, 3 min ago; HTX: live order book, 3 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 Pacifica live order book, 3 min ago	0.94 bp	5.7 bp −$6	doesn't fit	doesn't fit	doesn't fit
Sell HTX live order book, 3 min ago	0.79 bp	8.6 bp −$9	10.9 bp −$109	43.9 bp −$4,390	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 −0.0201% / S +0.0372%	1h	799.69	+0.010%	$47K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	799.63	+0.003%	$4K	$1K	25x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	800.27	+0.084%	$3.0M	$29.0M	10x	as long as short
StandX BNB-USD	0.0000%	1h	799.92	+0.039%	$864K	$2.9M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	799.65	+0.005%	$9.7M	—	150x	as long as short
Variational Omni BNB	+0.0030%	8h	799.14	−0.058%	$4.2M	$5.4M	—	as long as short
BingX BNB-USDT	+0.0052%	8h	799.59	−0.002%	—	$34.8M	—	as long as short
Bybit BNBUSDT	+0.0065%	8h	799.10	−0.063%	$138.9M	$78.7M	75x	as long as short
Aster BNBUSDT	+0.0096%	8h	800.22	+0.077%	$6.3M	$18.9M	200x	as long as short
Lighter BNB	+0.0096%	1h	799.89	+0.036%	$2.8M	$4.2M	20x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International BNB-PERP-INTX	+0.0096%	1h	799.17	−0.055%	$605K	$994K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	799.44	−0.021%	$1.4M	$2.7M	20x	as long as short
Pacifica BNBlong	+0.0100%	1h	799.61	long leg	$1.2M	$926K	20x
OKX BNB-USDT-SWAP	+0.0100%	8h	799.10	−0.063%	$54.6M	$113.6M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	799.90	+0.037%	$53K	$151K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	799.20	−0.051%	$35.7M	$59.0M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	799.49	−0.015%	$28.0M	$10.3M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	799.23	−0.047%	$80.7M	$26.6M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	800.16	+0.069%	$4.2M	$77.2M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	800.53	+0.116%	$161K	$442K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	799.69	+0.010%	$121K	$872K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	799.63	+0.003%	$386K	$489K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	799.75	+0.018%	$32K	$5K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	800.29	+0.086%	$12K	$1.7M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	799.70	+0.012%	$393K	$1.0M	10x	as long as short
HTX BNB-USDTshort	+0.0100%	8h	799.39	−0.027%	$8.2M	$7.9M	75x
Paradex BNB-USD-PERP	+0.0100%	8h	800.12	+0.065%	$78K	$19K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	798.98	−0.078%	$1.9M	$6.3M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	799.77	+0.020%	$384K	$40K	10x	as long as short
Kalshi KXBNBPERP	+0.0104%	8h	800.10	+0.062%	$116K	$2.9M	4.8x	as long as short
MEXC BNB_USDT	+0.0116%	8h	800.30	+0.087%	$83.1M	$13.9M	200x	as long as short
Binance BNBUSDT	+0.0117%	8h	800.03	+0.053%	$500.4M	$818.1M	75x	as long as short
Phemex BNBUSDT	+0.0117%	8h	800.12	+0.064%	$70.0M	$51.2M	50x	as long as short
Phoenix BNB	+0.0155%	1h	800.03	+0.053%	$172K	$35K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0200%	1h	800.08	+0.060%	$1.6M	$165K	25x	as long as short
Kraken Futures PF_BNBUSD	+0.0207%	1h	799.47	−0.017%	$2.6M	$965K	50x	as long as short
Hibachi BNB/USDT-P	+0.0224%	1h	799.23	−0.048%	$71K	$48K	12x	as long as short
BloFin BNB-USDT	+0.0236%	8h	799.83	+0.028%	$18.3M	$2.5M	75x	as long as short
Bulk BNB-USD	+0.0298%	1h	800.20	+0.075%	$650K	$21K	10x	as long as short
Injective BNB/USDC PERP	+0.0311%	1h	805.09	+0.686%	$19K	$789K	30x	as long as short
Hyperliquid BNB	+0.0317%	1h	800.24	+0.079%	$51.8M	$21.6M	10x	as long as short
RISEx BNB/USDC	+0.0318%	1h	799.75	+0.017%	$1.1M	$1.4M	20x	as long as short
01 Exchange BNBUSD	+0.0320%	1h	800.38	+0.097%	$28K	$1K	10x	as long as short
Reya BNBRUSDPERP	+0.0332%	1h	799.38	−0.029%	$6K	$3K	40x	as long as short
dYdX BNB-USD	+0.0353%	1h	799.29	−0.040%	$161K	$62K	10x	as long as short
Backpack BNB_USDC_PERP	+0.0565%	1h	800.36	+0.094%	$2.7M	$5.7M	40x	as long as short