Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: HTX against Pacifica−0.048%7-day average −0.046% · you buy dearer than you sell

Net, funding: paid 7d − costs−$33as in the Funding arb table

Net, price: spread back to 7d avg − costs−$33as in the Price arb table

costs, in and out, $10k−$330.327% of the position

Long on Pacifica Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.008%−$1 on $10k

Price spread, last 4 days (all we have)−0.100%−$10 · spread now −0.048%, 7d avg −0.046%

Together, before fees−0.108%+ Points / potential airdropPacifica: Active · farm board−$11 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica BNB	784.32	0.0100	pay 0.0013% / 1h	28m 10s	$1.2M	$933K	20x
Short	HTX BNB-USDT	783.94	0.0100	get 0.0100% / 8h	2h 28m	$8.0M	$10.0M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Pacifica. 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 PacificabpFee HTXbpOrdersPrice spread, now −0.048%Rate

Funding earned: $0
Price spread: −0.048% → −0.046%: −$0.23
Slippage, 4 orders: −$12.65
Fee Pacifica: 4 bp × 2 orders: −$8
Fee HTX: 6 bp × 2 orders: −$12
Net: −$32.88
Costs to cover: 0.327%
Break-even: never at this rate

Slippage from Pacifica: live order book, 1 min ago; HTX: live order book, 1 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 Pacifica live order book, 1 min ago	0.64 bp	9.2 bp −$9	doesn't fit	doesn't fit	doesn't fit
Sell HTX live order book, 1 min ago	0.54 bp	12.0 bp −$12	14.5 bp −$145	45.2 bp −$4,524	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	783.65	−0.085%	$46K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	785.00	+0.087%	$4K	$42	25x	as long as short
StandX BNB-USD	0.0000%	1h	785.52	+0.153%	$847K	$3.0M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	783.79	−0.068%	$9.5M	—	150x	as long as short
Aster BNBUSDT	+0.0031%	8h	784.49	+0.022%	$6.0M	$18.9M	200x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.648%	$19K	$789K	30x	as long as short
BingX BNB-USDC	+0.0041%	8h	784.15	−0.022%	—	$13.4M	—	as long as short
Phemex BNBUSDT	+0.0052%	8h	784.45	+0.017%	$68.6M	$50.5M	50x	as long as short
MEXC BNB_USDT	+0.0053%	8h	785.00	+0.087%	$79.5M	$11.9M	200x	as long as short
Binance BNBUSDT	+0.0054%	8h	784.57	+0.031%	$488.7M	$809.9M	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	783.73	−0.075%	$2.5M	$1.2M	50x	as long as short
Coinbase International BNB-PERP-INTX	+0.0080%	1h	783.79	−0.068%	$567K	$1.9M	50x	as long as short
Lighter BNB	+0.0096%	1h	784.09	−0.029%	$2.7M	$3.8M	20x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	783.94	−0.048%	$264K	$489K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	783.80	−0.066%	$1.4M	$2.7M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	784.59	+0.034%	$51.3M	$17.6M	10x	as long as short
Pacifica BNBlong	+0.0100%	1h	784.32	long leg	$1.2M	$933K	20x
Bybit BNBUSDT	+0.0100%	8h	783.98	−0.043%	$137.7M	$74.6M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	783.80	−0.066%	$53.3M	$112.1M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	784.30	−0.003%	$52K	$129K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	784.00	−0.041%	$36.4M	$58.7M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	783.58	−0.094%	$27.5M	$10.3M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	783.70	−0.079%	$75.9M	$30.9M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	784.46	+0.018%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	784.13	−0.024%	$4.0M	$4.8M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	785.38	+0.135%	$4.1M	$75.1M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	785.10	+0.099%	$158K	$439K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	783.80	−0.066%	$131K	$954K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	783.98	−0.043%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	784.57	+0.032%	$12K	$1.5M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	784.00	−0.041%	$385K	$994K	10x	as long as short
HTX BNB-USDTshort	+0.0100%	8h	783.94	−0.048%	$8.0M	$10.0M	75x
Paradex BNB-USD-PERP	+0.0100%	8h	784.39	+0.009%	$76K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	783.48	−0.107%	$1.8M	$6.2M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	784.08	−0.030%	$377K	$110K	10x	as long as short
Phoenix BNB	+0.0107%	1h	785.13	+0.103%	$169K	$35K	10x	as long as short
Kalshi KXBNBPERP	+0.0146%	8h	784.40	+0.010%	$154K	$2.7M	4.8x	as long as short
dYdX BNB-USD	+0.0150%	1h	784.37	+0.006%	$159K	$61K	10x	as long as short
BloFin BNB-USDT	+0.0174%	8h	785.33	+0.129%	$17.7M	$2.2M	75x	as long as short
GRVT BNB_USDT_Perp	+0.0206%	8h	784.96	+0.082%	$2.9M	$29.3M	10x	as long as short
01 Exchange BNBUSD	+0.0288%	1h	784.74	+0.054%	$28K	$4K	10x	as long as short
Bulk BNB-USD	+0.0298%	1h	785.69	+0.175%	$637K	$4K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	784.32	0.000%	$1.5M	$143K	25x	as long as short
Reya BNBRUSDPERP	+0.0323%	1h	783.66	−0.084%	$6K	$3K	40x	as long as short
RISEx BNB/USDC	+0.0432%	1h	784.37	+0.006%	$1.1M	$909K	20x	as long as short
Hibachi BNB/USDT-P	+0.0496%	1h	784.92	+0.077%	$67K	$39K	12x	as long as short