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 0.000%

Price spread now: HTX against OKX+0.015%54s7-day average +0.012% · 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—prices read too far apart to compare

costs, in and out, $10k−$330.335% of the position

Long on OKX Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.049%+$5 on $10k

Price spread, last 4 days (all we have)−0.263%−$26 · spread now +0.015%, 7d avg +0.012%

Together, before fees−0.214%−$21 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX BNB-USDT-SWAP	789.50	0.0100	pay 0.0100% / 8h	5h 26m	$53.5M	$111.9M	50x
Short	HTX BNB-USDT	789.62	0.0100	get 0.0100% / 8h	5h 26m	$8.1M	$9.1M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against OKX. 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 OKXbpFee HTXbpOrdersPrice spread, now +0.015%Rate

Funding earned: $0
Price spread: +0.015% → +0.012%: $0.32
Slippage, 4 orders: −$11.46
Fee OKX: 5 bp × 2 orders: −$10
Fee HTX: 6 bp × 2 orders: −$12
Net: −$33.15
Costs to cover: 0.335%
Break-even: never at this rate

Slippage from OKX: live order book, 3 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 OKX live order book, 3 min ago	0.63 bp	5.6 bp −$6	6.7 bp −$67	19.0 bp −$1,902	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	−0.014%	$46K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	789.69	+0.024%	$4K	$239	25x	as long as short
StandX BNB-USD	0.0000%	1h	790.25	+0.095%	$854K	$3.2M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	789.59	+0.011%	$9.6M	—	150x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+1.975%	$19K	$789K	30x	as long as short
Aster BNBUSDT	+0.0048%	8h	790.06	+0.071%	$6.3M	$18.6M	200x	as long as short
Coinbase International BNB-PERP-INTX	+0.0048%	1h	789.79	+0.037%	$617K	$1.8M	50x	as long as short
BingX BNB-USDT	+0.0059%	8h	789.73	+0.029%	—	$34.3M	—	as long as short
Phemex BNBUSDT	+0.0073%	8h	789.70	+0.025%	$69.2M	$51.1M	50x	as long as short
Binance BNBUSDT	+0.0076%	8h	790.15	+0.082%	$494.0M	$799.8M	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	790.40	+0.114%	$80.3M	$12.4M	200x	as long as short
Kraken Futures PF_BNBUSD	+0.0091%	1h	789.48	−0.003%	$2.5M	$1.2M	50x	as long as short
Variational Omni BNB	+0.0096%	8h	790.49	+0.125%	$4.1M	$4.6M	—	as long as short
Lighter BNB	+0.0096%	1h	789.64	+0.018%	$2.7M	$3.9M	20x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	789.55	+0.006%	$266K	$498K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	789.50	0.000%	$1.5M	$2.6M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	790.31	+0.103%	$51.8M	$18.1M	10x	as long as short
Pacifica BNB	+0.0100%	1h	789.74	+0.030%	$1.2M	$908K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	789.40	−0.013%	$138.9M	$77.2M	75x	as long as short
OKX BNB-USDT-SWAPlong	+0.0100%	8h	789.50	long leg	$53.5M	$111.9M	50x
Arcus BNB-USD	+0.0100%	1h	789.90	+0.051%	$52K	$130K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	789.40	−0.013%	$35.3M	$57.1M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	789.51	+0.001%	$27.7M	$10.3M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	789.36	−0.018%	$76.9M	$30.0M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	789.43	−0.009%	$2.2M	$6.1M	40x	as long as short
edgeX BNBUSDC	+0.0100%	4h	790.99	+0.189%	$4.1M	$75.2M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	791.27	+0.224%	$159K	$440K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	789.59	+0.011%	$135K	$948K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	789.78	+0.035%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	790.26	+0.096%	$12K	$1.6M	50x	as long as short
HTX BNB-USDTshort	+0.0100%	8h	789.62	+0.015%	$8.1M	$9.1M	75x
Paradex BNB-USD-PERP	+0.0103%	8h	790.14	+0.081%	$77K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	789.24	−0.033%	$1.8M	$5.9M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	789.62	+0.015%	$379K	$110K	10x	as long as short
Phoenix BNB	+0.0107%	1h	791.21	+0.217%	$170K	$35K	10x	as long as short
SoDEX BNB-USD	+0.0122%	1h	789.70	+0.025%	$388K	$1.0M	10x	as long as short
GRVT BNB_USDT_Perp	+0.0141%	8h	791.10	+0.203%	$3.0M	$28.2M	10x	as long as short
Kalshi KXBNBPERP	+0.0190%	8h	789.90	+0.051%	$91K	$2.8M	4.8x	as long as short
BloFin BNB-USDT	+0.0196%	8h	789.76	+0.033%	$18.1M	$2.3M	75x	as long as short
dYdX BNB-USD	+0.0233%	1h	789.57	+0.009%	$160K	$63K	10x	as long as short
01 Exchange BNBUSD	+0.0296%	1h	790.27	+0.098%	$28K	$4K	10x	as long as short
Reya BNBRUSDPERP	+0.0327%	1h	789.33	−0.021%	$6K	$3K	40x	as long as short
RISEx BNB/USDC	+0.0361%	1h	789.97	+0.060%	$1.1M	$1.0M	20x	as long as short
Bulk BNB-USD	+0.0383%	1h	789.79	+0.037%	$640K	$6K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0400%	1h	790.03	+0.068%	$1.5M	$143K	25x	as long as short
Hibachi BNB/USDT-P	+0.0600%	1h	789.58	+0.009%	$67K	$38K	12x	as long as short