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 +0.009%

Price spread now: HTX against Bybit+0.052%7-day average +0.015% · you sell dearer than you buy

Net, funding: paid 7d − costs−$21as in the Funding arb table

Net, price: spread back to 7d avg − costs−$29as in the Price arb table

costs, in and out, $10k−$330.325% of the position

Long on Bybit Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.113%+$11 on $10k

Price spread, last 4 days (all we have)−0.120%−$12 · spread now +0.052%, 7d avg +0.015%

Together, before fees−0.007%−$1 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 0.037% dearer against Bybit than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.015%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit BNBUSDT	787.40	0.0100	pay 0.0100% / 8h	1h 24m	$138.6M	$75.1M	75x
Short	HTX BNB-USDT	787.81	0.0100	get 0.0100% / 8h	1h 24m	$8.0M	$10.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Bybit. 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 BybitbpFee HTXbpOrdersPrice spread, now +0.052%Rate

Funding earned: $0
Price spread: +0.052% → +0.015%: $3.72
Slippage, 4 orders: −$9.5
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee HTX: 6 bp × 2 orders: −$12
Net: −$28.78
Costs to cover: 0.325%
Break-even: never at this rate

Slippage from Bybit: live order book, 4 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Bybit live order book, 4 min ago	0.63 bp	6.1 bp −$6	8.8 bp −$88	24.8 bp −$2,482	177.2 bp −$88.6K
Sell HTX live order book, 4 min ago	0.01 bp	11.9 bp −$12	13.3 bp −$133	44.6 bp −$4,462	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 −0.0170% / S +0.0337%	1h	787.63	+0.030%	$43K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	787.85	+0.057%	$4K	$42	25x	as long as short
StandX BNB-USD	0.0000%	1h	788.35	+0.121%	$850K	$2.8M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	787.94	+0.069%	$9.5M	—	150x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.247%	$19K	$789K	30x	as long as short
BingX BNB-USDT	+0.0051%	8h	787.82	+0.053%	—	$22.3M	—	as long as short
Aster BNBUSDT	+0.0052%	8h	788.16	+0.097%	$6.1M	$18.8M	200x	as long as short
MEXC BNB_USDT	+0.0064%	8h	788.60	+0.152%	$81.1M	$12.1M	200x	as long as short
Binance BNBUSDT	+0.0065%	8h	788.05	+0.083%	$490.8M	$817.9M	75x	as long as short
dYdX BNB-USD	+0.0072%	1h	788.07	+0.085%	$160K	$62K	10x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex BNBUSDT	+0.0076%	8h	788.45	+0.133%	$68.9M	$51.1M	50x	as long as short
Coinbase International BNB-PERP-INTX	+0.0080%	1h	787.30	−0.013%	$568K	$1.9M	50x	as long as short
Lighter BNB	+0.0096%	1h	787.91	+0.064%	$2.7M	$3.8M	20x	as long as short
Nado BNB-PERP	+0.0100%	1h	787.51	+0.014%	$1.4M	$2.7M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	788.23	+0.105%	$51.6M	$17.7M	10x	as long as short
Pacifica BNB	+0.0100%	1h	787.77	+0.047%	$1.2M	$933K	20x	as long as short
Bybit BNBUSDTlong	+0.0100%	8h	787.40	long leg	$138.6M	$75.1M	75x
OKX BNB-USDT-SWAP	+0.0100%	8h	787.50	+0.013%	$53.6M	$113.3M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	788.00	+0.076%	$52K	$129K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	787.75	+0.044%	$37.6M	$59.2M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	787.23	−0.022%	$27.7M	$10.2M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	787.31	−0.011%	$76.2M	$31.2M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	788.05	+0.083%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	787.71	+0.040%	$4.1M	$4.8M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	787.92	+0.066%	$4.1M	$76.1M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	788.27	+0.110%	$159K	$437K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	788.00	+0.076%	$132K	$951K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	787.91	+0.065%	$265K	$470K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	786.03	−0.174%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	788.38	+0.125%	$12K	$1.5M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	788.00	+0.076%	$387K	$981K	10x	as long as short
HTX BNB-USDTshort	+0.0100%	8h	787.81	+0.052%	$8.0M	$10.2M	75x
Paradex BNB-USD-PERP	+0.0101%	8h	788.17	+0.097%	$78K	$18K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	787.21	−0.024%	$1.8M	$6.1M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	787.88	+0.061%	$378K	$110K	10x	as long as short
Phoenix BNB	+0.0135%	1h	788.01	+0.077%	$169K	$35K	10x	as long as short
Kalshi KXBNBPERP	+0.0137%	8h	788.00	+0.076%	$170K	$2.7M	4.8x	as long as short
BloFin BNB-USDT	+0.0185%	8h	788.46	+0.135%	$17.7M	$2.2M	75x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0200%	1h	788.27	+0.111%	$1.5M	$145K	25x	as long as short
Kraken Futures PF_BNBUSD	+0.0205%	1h	787.76	+0.045%	$2.5M	$1.2M	50x	as long as short
GRVT BNB_USDT_Perp	+0.0230%	8h	788.36	+0.122%	$2.9M	$29.5M	10x	as long as short
01 Exchange BNBUSD	+0.0248%	1h	788.54	+0.145%	$28K	$4K	10x	as long as short
Bulk BNB-USD	+0.0291%	1h	787.29	−0.014%	$638K	$4K	10x	as long as short
Reya BNBRUSDPERP	+0.0322%	1h	787.81	+0.052%	$6K	$3K	40x	as long as short
RISEx BNB/USDC	+0.0438%	1h	788.27	+0.111%	$1.1M	$915K	20x	as long as short
Hibachi BNB/USDT-P	+0.0512%	1h	788.08	+0.086%	$67K	$39K	12x	as long as short