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Funding arb · Price arb /

BNB

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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 07:00 UTC−0.0228%/8h= −25.0% APRpaid last 24h −0.044%
Price spread now: HTX against Bulk−0.009%7-day average −0.113% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$17as in the Price arb table
costs, in and out, $10k−$270.274% of the position
Long on BulkShort on HTX
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)−0.235%−$24 on $10k
Price spread, last 4 days (all we have)−0.146%−$15 · spread now −0.009%, 7d avg −0.113%
Together, before fees−0.381%−$38 on $10k · with fees, hour by hour
The price spread pays, funding is against you. HTX is 0.104% dearer against Bulk than usual: you sell high and buy low (spread −0.009% now, against its 7-day average of −0.113%): +$10 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 36 hours.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBulk BNB-USD787.200.0328pay 0.0041% / 1h49m 51s$638K$4K10x
ShortHTX BNB-USDT787.130.0100get 0.0100% / 8h1h 49m$8.0M$10.2M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

HTX against Bulk. 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

Funding earned
−$47.91
Price spread: −0.009% → −0.113%
$10.4
Slippage, 4 orders
−$8.37
Fee Bulk: 3.5 bp × 2 orders
−$7
Fee HTX: 6 bp × 2 orders
−$12
Net
−$64.88
Costs to cover
0.274%
Break-even
never at this rate
Slippage from Bulk: live order book, 59 min ago; HTX: live order book, 4 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bulk live order book, 59 min ago0.06 bp3.6 bp −$44.4 bp −$449.0 bp −$89920.0 bp −$9,978
Sell HTX live order book, 4 min ago1.39 bp11.9 bp −$1215.2 bp −$15243.0 bp −$4,302doesn't fit

BNB on 46 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GMX BNB/USD [WBTC.b-USDC]L −0.0170% / S +0.0337%1h787.27+0.009%$43K—200xas long as short
Hotstuff BNB-PERP−0.0080%1h786.57−0.080%$4K$4225xas long as short
StandX BNB-USD0.0000%1h787.31+0.014%$849K$2.9M30xas long as short
gTrade (Gains Network) BNB/USDL +0.0007% / S −0.0007%1h787.40+0.025%$9.5M—150xas long as short
Injective BNB/USDC PERP+0.0033%1h805.09+2.272%$19K$789K30xas long as short
Aster BNBUSDT+0.0048%8h787.48+0.035%$6.1M$19.0M200xas long as short
BingX BNB-USDC+0.0054%8h786.59−0.078%—$13.4M—as long as short
dYdX BNB-USD+0.0060%1h787.12−0.010%$159K$62K10xas long as short
MEXC BNB_USDT+0.0066%8h787.90+0.089%$81.0M$12.0M200xas long as short
Binance BNBUSDT+0.0067%8h787.44+0.030%$490.5M$816.5M75xas long as short
Show all 46 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Phemex BNBUSDT+0.0072%8h788.06+0.109%$68.9M$51.1M50xas long as short
Coinbase International BNB-PERP-INTX+0.0080%1h786.56−0.082%$568K$1.9M50xas long as short
Lighter BNB+0.0096%1h787.58+0.048%$2.7M$3.8M20xas long as short
Orderly PERP_BNB_USDC+0.0100%8h787.44+0.030%$265K$471K50xas long as short
Nado BNB-PERP+0.0100%1h786.15−0.134%$1.4M$2.7M20xas long as short
Pacifica BNB+0.0100%1h787.61+0.051%$1.2M$933K20xas long as short
Bybit BNBUSDT+0.0100%8h786.72−0.061%$138.5M$75.2M75xas long as short
OKX BNB-USDT-SWAP+0.0100%8h786.70−0.064%$53.5M$113.2M50xas long as short
Arcus BNB-USD+0.0100%1h787.60+0.050%$52K$129K10xas long as short
Gate BNB_USDT+0.0100%8h786.95−0.032%$37.1M$58.7M75xas long as short
KuCoin BNBUSDTM+0.0100%8h786.63−0.073%$27.7M$10.2M75xas long as short
Bitget BNBUSDT+0.0100%8h786.83−0.047%$76.2M$31.1M75xas long as short
Variational Omni BNB+0.0100%8h786.52−0.087%$4.0M$4.8M—as long as short
edgeX BNBUSDC+0.0100%4h786.76−0.057%$4.1M$75.8M30xas long as short
ApeX Omni BNBUSDT+0.0100%1h786.43−0.098%$158K$436K50xas long as short
Polymarket Perps BNB-USD+0.0100%1h787.24+0.005%$132K$949K10xas long as short
Derive BNB-PERP+0.0100%1h787.57+0.046%$31K$12K10xas long as short
SunX BNB-USDT+0.0100%8h787.92+0.091%$12K$1.5M50xas long as short
SoDEX BNB-USD+0.0100%1h787.50+0.038%$387K$986K10xas long as short
HTX BNB-USDTshort+0.0100%8h787.13−0.009%$8.0M$10.2M75x
Paradex BNB-USD-PERP+0.0101%8h787.80+0.076%$77K$17K50xas long as short
Extended BNB-USD+0.0104%1h786.74−0.059%$1.8M$6.2M50xas long as short
Aevo BNB-PERP+0.0104%1h787.45+0.031%$378K$110K10xas long as short
Kalshi KXBNBPERP+0.0134%8h787.90+0.089%$170K$2.7M4.8xas long as short
Phoenix BNB+0.0135%1h787.00−0.026%$169K$35K10xas long as short
Hyperliquid BNB+0.0138%1h787.99+0.100%$51.6M$17.6M10xas long as short
BloFin BNB-USDT+0.0187%8h787.31+0.014%$17.8M$2.2M75xas long as short
Backpack BNB_USDC_PERP+0.0190%1h787.87+0.085%$2.2M$6.1M40xas long as short
Kraken Futures PF_BNBUSD+0.0205%1h787.31+0.013%$2.5M$1.2M50xas long as short
GRVT BNB_USDT_Perp+0.0226%8h787.01−0.024%$2.9M$29.6M10xas long as short
01 Exchange BNBUSD+0.0272%1h788.00+0.101%$28K$4K10xas long as short
Deribit BNB_USDC-PERPETUAL+0.0300%1h787.79+0.074%$1.5M$143K25xas long as short
Reya BNBRUSDPERP+0.0322%1h787.11−0.012%$6K$3K40xas long as short
Bulk BNB-USDlong+0.0328%1h787.20long leg$638K$4K10x
RISEx BNB/USDC+0.0438%1h787.68+0.061%$1.1M$909K20xas long as short
Hibachi BNB/USDT-P+0.0560%1h786.62−0.074%$67K$39K12xas long as short