Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: HTX against SunX−0.042%7-day average −0.089% · you buy dearer than you sell

Net, funding: paid 7d − costs−$65as in the Funding arb table

Net, price: spread back to 7d avg − costs−$60as in the Price arb table

costs, in and out, $10k−$640.645% of the position

Long on SunX Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.001%$0 on $10k

Price spread, last 3 days (all we have)−0.056%−$6 · spread now −0.042%, 7d avg −0.089%

Together, before fees−0.057%−$6 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 0.047% dearer against SunX than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.089%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX BNB-USDT	798.74	0.0100	pay 0.0100% / 8h	7h 52m	$13K	$1.7M	50x
Short	HTX BNB-USDT	798.40	0.0100	get 0.0100% / 8h	7h 52m	$8.2M	$8.1M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against SunX. 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 SunXbpFee HTXbpOrdersPrice spread, now −0.042%Rate

Funding earned: $0
Price spread: −0.042% → −0.089%: $4.68
Slippage, 4 orders: −$44.49
Fee SunX: 4 bp × 2 orders: −$8
Fee HTX: 6 bp × 2 orders: −$12
Net: −$59.81
Costs to cover: 0.645%
Break-even: never at this rate

Slippage from SunX: live order book, 3 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 SunX live order book, 3 min ago	16.69 bp	22.7 bp −$23	30.0 bp −$300	doesn't fit	doesn't fit
Sell HTX live order book, 2 min ago	1.93 bp	7.9 bp −$8	10.4 bp −$104	42.1 bp −$4,209	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	798.20	−0.067%	$47K	—	200x	as long as short
Kraken Futures PF_BNBUSD	−0.0121%	1h	797.00	−0.218%	$2.5M	$976K	50x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	798.48	−0.032%	$4K	$239	25x	as long as short
Gate BNB_USDT	−0.0047%	8h	798.10	−0.080%	$35.7M	$55.7M	75x	as long as short
Bybit BNBUSDT	−0.0032%	8h	796.94	−0.225%	$138.3M	$77.1M	75x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	799.17	+0.054%	$3.0M	$27.9M	10x	as long as short
StandX BNB-USD	0.0000%	1h	799.16	+0.053%	$864K	$2.9M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	798.22	−0.065%	$9.7M	—	150x	as long as short
Variational Omni BNB	+0.0010%	8h	798.14	−0.074%	$4.1M	$5.4M	—	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+0.796%	$19K	$789K	30x	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	+0.0048%	1h	798.00	−0.092%	$601K	$983K	50x	as long as short
Aster BNBUSDT	+0.0071%	8h	798.40	−0.042%	$6.2M	$19.3M	200x	as long as short
BingX BNB-USDT	+0.0077%	8h	798.23	−0.063%	—	$35.2M	—	as long as short
Binance BNBUSDT	+0.0093%	8h	797.85	−0.111%	$495.9M	$818.3M	75x	as long as short
MEXC BNB_USDT	+0.0093%	8h	799.00	+0.033%	$83.0M	$13.5M	200x	as long as short
Lighter BNB	+0.0096%	1h	797.48	−0.157%	$2.8M	$4.0M	20x	as long as short
Phoenix BNB	+0.0099%	1h	798.71	−0.003%	$172K	$36K	10x	as long as short
Nado BNB-PERP	+0.0100%	1h	797.75	−0.123%	$1.4M	$2.7M	20x	as long as short
Pacifica BNB	+0.0100%	1h	798.19	−0.068%	$1.2M	$925K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	797.30	−0.180%	$54.2M	$112.1M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	798.60	−0.017%	$53K	$134K	10x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	798.01	−0.091%	$27.9M	$10.2M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	797.15	−0.199%	$78.7M	$27.6M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	799.16	+0.053%	$4.2M	$76.1M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	799.32	+0.073%	$161K	$436K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	797.98	−0.095%	$118K	$874K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	797.59	−0.143%	$385K	$481K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	797.89	−0.106%	$32K	$5K	10x	as long as short
SunX BNB-USDTlong	+0.0100%	8h	798.74	long leg	$13K	$1.7M	50x
SoDEX BNB-USD	+0.0100%	1h	797.40	−0.167%	$392K	$1.0M	10x	as long as short
HTX BNB-USDTshort	+0.0100%	8h	798.40	−0.042%	$8.2M	$8.1M	75x
Paradex BNB-USD-PERP	+0.0100%	8h	798.89	+0.019%	$78K	$19K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	797.08	−0.207%	$1.8M	$6.6M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	798.39	−0.043%	$384K	$102K	10x	as long as short
Phemex BNBUSDT	+0.0131%	8h	797.88	−0.107%	$69.8M	$50.8M	50x	as long as short
Hibachi BNB/USDT-P	+0.0144%	1h	798.38	−0.045%	$70K	$43K	12x	as long as short
Kalshi KXBNBPERP	+0.0152%	8h	798.00	−0.092%	$89K	$2.9M	4.8x	as long as short
RISEx BNB/USDC	+0.0155%	1h	798.24	−0.063%	$1.1M	$1.4M	20x	as long as short
Bulk BNB-USD	+0.0158%	1h	799.24	+0.063%	$649K	$14K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0200%	1h	797.98	−0.095%	$1.6M	$160K	25x	as long as short
BloFin BNB-USDT	+0.0213%	8h	798.86	+0.016%	$18.1M	$2.5M	75x	as long as short
01 Exchange BNBUSD	+0.0216%	1h	798.76	+0.003%	$28K	$1K	10x	as long as short
dYdX BNB-USD	+0.0267%	1h	798.21	−0.066%	$161K	$63K	10x	as long as short
Backpack BNB_USDC_PERP	+0.0325%	1h	799.03	+0.037%	$2.7M	$5.7M	40x	as long as short
Reya BNBRUSDPERP	+0.0331%	1h	797.73	−0.126%	$6K	$3K	40x	as long as short
Hyperliquid BNB	+0.0380%	1h	799.01	+0.034%	$53.0M	$20.6M	10x	as long as short