BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0049%/8h= +5.3% APRnext payment +$0.49 per $10,000 · paid last 24h +0.004%

Price spread now: HTX against Phemex−0.066%7-day average −0.081% · you buy dearer than you sell

Net, funding: paid 7d − costs−$28as in the Funding arb table

Net, price: spread back to 7d avg − costs−$37as in the Price arb table

costs, in and out, $10k−$380.381% of the position

Long on Phemex Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.102%+$10 on $10k

Price spread, last 4 days (all we have)−0.063%−$6 · spread now −0.066%, 7d avg −0.081%

Together, before fees+0.039%+$4 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.081%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex BNBUSDT	785.00	0.0051	pay 0.0051% / 8h	2h 24m	$68.7M	$50.5M	50x
Short	HTX BNB-USDT	784.48	0.0100	get 0.0100% / 8h	2h 24m	$8.0M	$10.0M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Phemex. 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 PhemexbpFee HTXbpOrdersPrice spread, now −0.066%Rate

Funding earned: $10.24
Price spread: −0.066% → −0.081%: $1.47
Slippage, 4 orders: −$14.11
Fee Phemex: 6 bp × 2 orders: −$12
Fee HTX: 6 bp × 2 orders: −$12
Net: −$26.39
Costs to cover: 0.381%
Break-even: 25.0 days

Slippage from Phemex: live order book, 5 min ago; HTX: live order book, 5 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 Phemex live order book, 5 min ago	0.13 bp	9.0 bp −$9	9.7 bp −$97	15.0 bp −$1,499	doesn't fit
Sell HTX live order book, 5 min ago	0.54 bp	12.0 bp −$12	14.5 bp −$145	45.2 bp −$4,524	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 −0.0192% / S +0.0356%	1h	784.62	−0.049%	$46K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	785.06	+0.008%	$4K	$42	25x	as long as short
StandX BNB-USD	0.0000%	1h	785.75	+0.096%	$847K	$3.0M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	784.79	−0.027%	$9.5M	—	150x	as long as short
Aster BNBUSDT	+0.0032%	8h	785.40	+0.051%	$6.1M	$19.0M	200x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.559%	$19K	$789K	30x	as long as short
BingX BNB-USDC	+0.0042%	8h	784.66	−0.043%	—	$13.4M	—	as long as short
Phemex BNBUSDTlong	+0.0051%	8h	785.00	long leg	$68.7M	$50.5M	50x
MEXC BNB_USDT	+0.0056%	8h	785.70	+0.089%	$79.6M	$11.9M	200x	as long as short
Binance BNBUSDT	+0.0056%	8h	785.51	+0.065%	$489.4M	$811.2M	75x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_BNBUSD	+0.0069%	1h	784.93	−0.009%	$2.5M	$1.2M	50x	as long as short
Coinbase International BNB-PERP-INTX	+0.0080%	1h	784.62	−0.048%	$567K	$1.9M	50x	as long as short
Lighter BNB	+0.0096%	1h	784.70	−0.038%	$2.7M	$3.8M	20x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	784.90	−0.013%	$264K	$489K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	784.45	−0.070%	$1.4M	$2.7M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	785.38	+0.049%	$51.4M	$17.5M	10x	as long as short
Pacifica BNB	+0.0100%	1h	784.87	−0.016%	$1.2M	$933K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	784.72	−0.036%	$137.8M	$74.7M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	784.70	−0.038%	$53.4M	$112.4M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	784.90	−0.013%	$52K	$129K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	784.85	−0.019%	$36.5M	$58.9M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	784.52	−0.061%	$27.6M	$10.2M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	784.79	−0.027%	$75.9M	$31.0M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	784.67	−0.042%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	783.72	−0.163%	$4.0M	$4.8M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	784.31	−0.088%	$4.1M	$75.2M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	784.92	−0.010%	$158K	$439K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	784.72	−0.036%	$131K	$954K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	785.04	+0.005%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	785.27	+0.034%	$12K	$1.5M	50x	as long as short
HTX BNB-USDTshort	+0.0100%	8h	784.48	−0.066%	$8.0M	$10.0M	75x
Paradex BNB-USD-PERP	+0.0100%	8h	785.11	+0.015%	$76K	$17K	50x	as long as short
SoDEX BNB-USD	+0.0104%	1h	785.10	+0.013%	$386K	$993K	10x	as long as short
Extended BNB-USD	+0.0104%	1h	784.73	−0.034%	$1.8M	$6.2M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	785.01	+0.001%	$377K	$110K	10x	as long as short
Phoenix BNB	+0.0107%	1h	784.35	−0.083%	$169K	$35K	10x	as long as short
Kalshi KXBNBPERP	+0.0141%	8h	785.00	0.000%	$160K	$2.7M	4.8x	as long as short
dYdX BNB-USD	+0.0168%	1h	784.36	−0.082%	$159K	$62K	10x	as long as short
BloFin BNB-USDT	+0.0176%	8h	785.45	+0.057%	$17.7M	$2.2M	75x	as long as short
GRVT BNB_USDT_Perp	+0.0208%	8h	785.52	+0.066%	$2.9M	$29.3M	10x	as long as short
01 Exchange BNBUSD	+0.0296%	1h	785.53	+0.068%	$28K	$4K	10x	as long as short
Bulk BNB-USD	+0.0298%	1h	785.69	+0.088%	$637K	$4K	10x	as long as short
Reya BNBRUSDPERP	+0.0323%	1h	784.60	−0.050%	$6K	$3K	40x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0400%	1h	785.40	+0.051%	$1.5M	$143K	25x	as long as short
RISEx BNB/USDC	+0.0432%	1h	785.05	+0.006%	$1.1M	$905K	20x	as long as short
Hibachi BNB/USDT-P	+0.0512%	1h	784.74	−0.034%	$67K	$39K	12x	as long as short