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Funding arb · Price arb /

BNB

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Alert: funding
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Alert: spread
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Funding you earn now, next payment 22:00 UTC+0.0055%/8h= +6.0% APRpaid last 24h +0.058%
Price spread now: Hyperliquid against HTX+0.005%7-day average +0.055% · you sell dearer than you buy
Net, funding: paid 7d − costs−$29as in the Funding arb table
Net, price: spread back to 7d avg − costs−$34as in the Price arb table
costs, in and out, $10k−$300.295% of the position
Long on HTXShort on Hyperliquid
What this pair did over the last
the charts below follow
Funding, last 7 days+0.007%+$1 on $10k
Price spread, last 3 days (all we have)+0.244%+$24 · spread now +0.005%, 7d avg +0.055%
Together, before fees+0.250%+ Points / potential airdropHyperliquid: Season 2 · farm board+$25 on $10k · with fees, hour by hour
Funding pays, the price is against you. Hyperliquid is 0.050% cheaper against HTX than usual: you would sell low and buy high (spread +0.005% now, against its 7-day average of +0.055%). If the spread goes back, that is −$5 on $10k: about 3.0 days of funding at the current rate (+$2 a day). At the pace of the last 7 days (+0.007% in total) that is about 52 days.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHTX BNB-USDT804.330.0100pay 0.0100% / 8h2h 32m$8.2M$7.4M75x
ShortHyperliquid BNB804.370.0155get 0.0019% / 1h32m 55s$51.7M$21.3M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid 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

Funding earned
$11.49
Price spread: +0.005% → +0.055%
−$4.98
Slippage, 4 orders
−$8.52
Fee HTX: 6 bp × 2 orders
−$12
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$23.01
Costs to cover
0.295%
Break-even
21.0 days
Slippage from HTX: live order book, 1 min ago; Hyperliquid: live order book, 11 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 HTX live order book, 1 min ago1.86 bp8.0 bp −$811.0 bp −$11037.5 bp −$3,750doesn't fit
Sell Hyperliquid live order book, 11 min ago0.31 bp5.0 bp −$5doesn't fitdoesn't fitdoesn'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 −0.0195% / S +0.0371%1h803.74−0.074%$48K—200xas long as short
Hotstuff BNB-PERP−0.0080%1h804.42+0.011%$4K$1K25xas long as short
GRVT BNB_USDT_Perp0.0000%8h803.90−0.054%$3.0M$29.3M10xas long as short
Kalshi KXBNBPERP0.0000%8h804.40+0.009%$112K$2.5M4.8xas long as short
StandX BNB-USD0.0000%1h803.92−0.051%$869K$2.9M30xas long as short
gTrade (Gains Network) BNB/USDL +0.0008% / S −0.0007%1h803.83−0.062%$9.8M—150xas long as short
Kraken Futures PF_BNBUSD+0.0038%1h803.87−0.057%$2.5M$908K50xas long as short
Variational Omni BNB+0.0051%8h802.62−0.212%$4.0M$5.3M—as long as short
BingX BNB-USDC+0.0057%8h803.83−0.062%—$13.3M—as long as short
Bybit BNBUSDT+0.0076%8h803.30−0.128%$139.3M$82.9M75xas long as short
Show all 46 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Coinbase International BNB-PERP-INTX+0.0088%1h804.19−0.017%$609K$878K50xas long as short
Aster BNBUSDT+0.0089%8h804.46+0.016%$6.4M$18.8M200xas long as short
Lighter BNB+0.0096%1h804.03−0.037%$2.8M$4.2M20xas long as short
Nado BNB-PERP+0.0100%1h803.70−0.078%$1.4M$2.8M20xas long as short
Pacifica BNB+0.0100%1h804.27−0.008%$1.2M$923K20xas long as short
OKX BNB-USDT-SWAP+0.0100%8h803.60−0.091%$55.1M$115.4M50xas long as short
Arcus BNB-USD+0.0100%1h804.10−0.028%$52K$163K10xas long as short
Gate BNB_USDT+0.0100%8h803.55−0.097%$35.9M$58.5M75xas long as short
KuCoin BNBUSDTM+0.0100%8h803.58−0.093%$28.1M$10.5M75xas long as short
Bitget BNBUSDT+0.0100%8h803.47−0.107%$79.1M$24.5M75xas long as short
edgeX BNBUSDC+0.0100%4h804.01−0.039%$4.2M$76.8M30xas long as short
ApeX Omni BNBUSDT+0.0100%1h804.17−0.020%$159K$439K50xas long as short
Polymarket Perps BNB-USD+0.0100%1h803.69−0.079%$118K$868K10xas long as short
Orderly PERP_BNB_USDC+0.0100%8h803.89−0.054%$388K$593K50xas long as short
Derive BNB-PERP+0.0100%1h803.98−0.044%$32K$5K10xas long as short
SunX BNB-USDT+0.0100%8h804.40+0.009%$13K$1.7M50xas long as short
Deribit BNB_USDC-PERPETUAL+0.0100%1h804.29−0.004%$1.6M$165K25xas long as short
HTX BNB-USDTlong+0.0100%8h804.33long leg$8.2M$7.4M75x
Paradex BNB-USD-PERP+0.0100%8h804.67+0.042%$79K$19K50xas long as short
Extended BNB-USD+0.0104%1h803.38−0.118%$1.9M$6.1M50xas long as short
Aevo BNB-PERP+0.0104%1h804.13−0.025%$386K$40K10xas long as short
MEXC BNB_USDT+0.0105%8h804.80+0.059%$84.4M$13.6M200xas long as short
Binance BNBUSDT+0.0105%8h804.34+0.001%$518.8M$803.1M75xas long as short
Phemex BNBUSDT+0.0123%8h804.40+0.009%$70.2M$51.7M50xas long as short
Phoenix BNB+0.0125%1h803.93−0.049%$173K$35K10xas long as short
SoDEX BNB-USD+0.0152%1h803.90−0.053%$395K$1.0M10xas long as short
Hyperliquid BNBshort+0.0155%1h804.37+0.005%$51.7M$21.3M10x
Bulk BNB-USD+0.0194%1h803.61−0.089%$649K$11K10xas long as short
RISEx BNB/USDC+0.0209%1h804.17−0.019%$1.1M$1.4M20xas long as short
BloFin BNB-USDT+0.0225%8h804.46+0.016%$18.8M$3.1M75xas long as short
Hibachi BNB/USDT-P+0.0248%1h804.08−0.031%$71K$48K12xas long as short
dYdX BNB-USD+0.0260%1h804.28−0.006%$170K$55K10xas long as short
01 Exchange BNBUSD+0.0320%1h804.59+0.033%$28K$1K10xas long as short
Reya BNBRUSDPERP+0.0334%1h803.51−0.102%$6K$3K40xas long as short
Injective BNB/USDC PERP+0.0353%1h804.92+0.074%$19K$526K30xas long as short
Backpack BNB_USDC_PERP+0.0666%1h804.74+0.051%$3.0M$5.4M40xas long as short