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% APRpaid last 24h 0.000%

Price spread now: edgeX against HTX+0.117%77s7-day average +0.081% · you sell dearer than you buy

Net, funding: paid 7d − costs−$34as 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−$340.341% of the position

Long on HTX Short on edgeX

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)+0.015%+$1 · spread now +0.117%, 7d avg +0.081%

Together, before fees+0.015%+ Points / potential airdropedgeX: Active · farm board+$2 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: edgeX is 0.037% dearer against HTX than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.081%. The two prices were read 77 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	HTX BNB-USDT	785.33	0.0100	pay 0.0100% / 8h	2h 34m	$8.0M	$10.0M	75x
Short	edgeX BNBUSDC	786.25	0.0100	get 0.0050% / 4h	2h 34m	$4.1M	$75.0M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against HTX. 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 HTXbpFee edgeXbpOrdersPrice spread, now +0.117%Rate

Funding earned: $0
Price spread: +0.117% → +0.081%: $3.66
Slippage, 4 orders: −$13.12
Fee HTX: 6 bp × 2 orders: −$12
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$30.45
Costs to cover: 0.341%
Break-even: never at this rate

Slippage from HTX: live order book, 5 min ago; edgeX: 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 HTX live order book, 5 min ago	1.94 bp	9.9 bp −$10	12.6 bp −$126	44.8 bp −$4,477	doesn't fit
Sell edgeX live order book, 5 min ago	2.55 bp	7.0 bp −$7	7.0 bp −$70	10.1 bp −$1,011	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	785.09	−0.031%	$46K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	786.02	+0.088%	$4K	$42	25x	as long as short
StandX BNB-USD	0.0000%	1h	787.58	+0.286%	$849K	$3.0M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	785.13	−0.026%	$9.5M	—	150x	as long as short
Aster BNBUSDT	+0.0030%	8h	785.74	+0.052%	$6.1M	$19.0M	200x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.516%	$19K	$789K	30x	as long as short
BingX BNB-USDT	+0.0041%	8h	785.32	−0.002%	—	$22.1M	—	as long as short
Phemex BNBUSDT	+0.0048%	8h	785.61	+0.035%	$68.7M	$50.7M	50x	as long as short
MEXC BNB_USDT	+0.0052%	8h	786.10	+0.098%	$79.7M	$11.8M	200x	as long as short
Binance BNBUSDT	+0.0053%	8h	785.59	+0.032%	$489.0M	$808.8M	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	785.05	−0.037%	$2.5M	$1.2M	50x	as long as short
Coinbase International BNB-PERP-INTX	+0.0080%	1h	786.23	+0.114%	$576K	$1.9M	50x	as long as short
Lighter BNB	+0.0096%	1h	785.29	−0.005%	$2.7M	$3.8M	20x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	785.15	−0.023%	$264K	$490K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	785.40	+0.009%	$1.4M	$2.7M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	785.73	+0.051%	$51.6M	$17.5M	10x	as long as short
Pacifica BNB	+0.0100%	1h	785.92	+0.075%	$1.2M	$933K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	785.00	−0.042%	$137.9M	$74.5M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	784.90	−0.055%	$53.3M	$112.0M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	785.80	+0.060%	$52K	$129K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	785.15	−0.023%	$36.3M	$58.4M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	784.82	−0.065%	$27.5M	$10.2M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	784.60	−0.093%	$75.9M	$30.7M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	785.75	+0.053%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	786.03	+0.089%	$4.0M	$4.9M	—	as long as short
edgeX BNBUSDCshort	+0.0100%	4h	786.25	+0.117%	$4.1M	$75.0M	30x
ApeX Omni BNBUSDT	+0.0100%	1h	786.54	+0.154%	$158K	$438K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	785.33	0.000%	$131K	$952K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	785.24	−0.011%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	786.06	+0.093%	$12K	$1.5M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	785.20	−0.017%	$386K	$994K	10x	as long as short
HTX BNB-USDTlong	+0.0100%	8h	785.33	long leg	$8.0M	$10.0M	75x
Paradex BNB-USD-PERP	+0.0100%	8h	785.98	+0.082%	$76K	$17K	50x	as long as short
dYdX BNB-USD	+0.0100%	1h	785.67	+0.044%	$159K	$61K	10x	as long as short
Extended BNB-USD	+0.0104%	1h	784.69	−0.081%	$1.8M	$6.4M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	785.08	−0.033%	$377K	$110K	10x	as long as short
Phoenix BNB	+0.0107%	1h	786.44	+0.141%	$169K	$35K	10x	as long as short
Kalshi KXBNBPERP	+0.0142%	8h	786.10	+0.098%	$141K	$2.7M	4.8x	as long as short
BloFin BNB-USDT	+0.0173%	8h	787.24	+0.243%	$17.8M	$2.2M	75x	as long as short
GRVT BNB_USDT_Perp	+0.0205%	8h	786.66	+0.169%	$2.9M	$29.3M	10x	as long as short
Bulk BNB-USD	+0.0256%	1h	786.23	+0.114%	$637K	$10K	10x	as long as short
01 Exchange BNBUSD	+0.0288%	1h	786.11	+0.099%	$28K	$4K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	785.46	+0.017%	$1.5M	$143K	25x	as long as short
Reya BNBRUSDPERP	+0.0323%	1h	785.26	−0.009%	$6K	$3K	40x	as long as short
RISEx BNB/USDC	+0.0432%	1h	785.91	+0.074%	$1.1M	$909K	20x	as long as short
Hibachi BNB/USDT-P	+0.0480%	1h	786.93	+0.203%	$67K	$39K	12x	as long as short