Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: HTX against ApeX Omni−0.248%76s7-day average −0.077% · you buy dearer than you sell

Net, funding: paid 7d − costs−$43as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$430.431% of the position

Long on ApeX Omni 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 4 days (all we have)−0.205%−$21 · spread now −0.248%, 7d avg −0.077%

Together, before fees−0.206%−$21 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 0.171% cheaper against ApeX Omni than usual: you would sell low and buy high, −$17 on $10k if it goes back to its 7-day average of −0.077%. The two prices were read 76 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni BNBUSDT	791.27	0.0100	pay 0.0013% / 1h	25m 56s	$159K	$440K	50x
Short	HTX BNB-USDT	789.31	0.0100	get 0.0100% / 8h	5h 25m	$8.1M	$9.1M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against ApeX Omni. 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 ApeX OmnibpFee HTXbpOrdersPrice spread, now −0.248%Rate

Funding earned: $0
Price spread: −0.248% → −0.077%: −$17.11
Slippage, 4 orders: −$21.14
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee HTX: 6 bp × 2 orders: −$12
Net: −$60.25
Costs to cover: 0.431%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 37 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 ApeX Omni live order book, 37 min ago	6.20 bp	11.2 bp −$11	35.1 bp −$351	doesn't fit	doesn't fit
Sell HTX live order book, 3 min ago	1.62 bp	10.9 bp −$11	13.5 bp −$135	40.1 bp −$4,013	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 −0.0167% / S +0.0335%	1h	789.39	−0.238%	$46K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	789.69	−0.200%	$4K	$239	25x	as long as short
StandX BNB-USD	0.0000%	1h	790.25	−0.129%	$854K	$3.2M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	789.59	−0.213%	$9.6M	—	150x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+1.747%	$19K	$789K	30x	as long as short
Aster BNBUSDT	+0.0048%	8h	790.10	−0.147%	$6.3M	$18.6M	200x	as long as short
Coinbase International BNB-PERP-INTX	+0.0048%	1h	789.79	−0.187%	$617K	$1.8M	50x	as long as short
BingX BNB-USDC	+0.0059%	8h	789.55	−0.217%	—	$13.4M	—	as long as short
Phemex BNBUSDT	+0.0071%	8h	790.14	−0.143%	$69.2M	$51.2M	50x	as long as short
Binance BNBUSDT	+0.0076%	8h	790.29	−0.124%	$494.1M	$799.9M	75x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC BNB_USDT	+0.0076%	8h	790.60	−0.085%	$80.3M	$12.4M	200x	as long as short
Kraken Futures PF_BNBUSD	+0.0091%	1h	789.48	−0.227%	$2.5M	$1.2M	50x	as long as short
Lighter BNB	+0.0096%	1h	789.79	−0.187%	$2.8M	$3.9M	20x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	789.55	−0.217%	$266K	$498K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	789.50	−0.224%	$1.5M	$2.6M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	790.29	−0.124%	$51.8M	$18.1M	10x	as long as short
Pacifica BNB	+0.0100%	1h	789.74	−0.193%	$1.2M	$908K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	789.49	−0.225%	$138.9M	$77.2M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	789.60	−0.211%	$53.5M	$111.9M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	789.90	−0.173%	$52K	$130K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	789.55	−0.217%	$35.3M	$57.1M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	789.40	−0.236%	$27.7M	$10.3M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	789.42	−0.234%	$76.9M	$30.0M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	789.90	−0.173%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	789.29	−0.250%	$4.1M	$4.6M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	790.99	−0.035%	$4.1M	$75.2M	30x	as long as short
ApeX Omni BNBUSDTlong	+0.0100%	1h	791.27	long leg	$159K	$440K	50x
Polymarket Perps BNB-USD	+0.0100%	1h	789.59	−0.212%	$135K	$948K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	789.78	−0.188%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	790.26	−0.128%	$12K	$1.6M	50x	as long as short
HTX BNB-USDTshort	+0.0100%	8h	789.31	−0.248%	$8.1M	$9.1M	75x
Paradex BNB-USD-PERP	+0.0103%	8h	790.14	−0.143%	$77K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	789.29	−0.250%	$1.8M	$5.9M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	789.62	−0.208%	$379K	$110K	10x	as long as short
Phoenix BNB	+0.0107%	1h	791.21	−0.008%	$170K	$35K	10x	as long as short
SoDEX BNB-USD	+0.0122%	1h	789.70	−0.198%	$388K	$1.0M	10x	as long as short
GRVT BNB_USDT_Perp	+0.0141%	8h	791.10	−0.021%	$3.0M	$28.2M	10x	as long as short
Kalshi KXBNBPERP	+0.0189%	8h	789.80	−0.186%	$88K	$2.8M	4.8x	as long as short
BloFin BNB-USDT	+0.0196%	8h	789.76	−0.191%	$18.1M	$2.3M	75x	as long as short
dYdX BNB-USD	+0.0233%	1h	789.57	−0.215%	$160K	$63K	10x	as long as short
01 Exchange BNBUSD	+0.0296%	1h	790.27	−0.126%	$28K	$4K	10x	as long as short
Reya BNBRUSDPERP	+0.0327%	1h	789.33	−0.245%	$6K	$3K	40x	as long as short
RISEx BNB/USDC	+0.0361%	1h	789.97	−0.164%	$1.1M	$1.0M	20x	as long as short
Bulk BNB-USD	+0.0383%	1h	789.79	−0.187%	$640K	$6K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0400%	1h	790.03	−0.156%	$1.5M	$143K	25x	as long as short
Hibachi BNB/USDT-P	+0.0600%	1h	789.58	−0.214%	$67K	$38K	12x	as long as short