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 SunX−0.087%7-day average −0.088% · you buy dearer than you sell

Net, funding: paid 7d − costs−$64as in the Funding arb table

Net, price: spread back to 7d avg − costs−$64as in the Price arb table

costs, in and out, $10k−$640.639% of the position

Long on SunX Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.001%$0 on $10k

Price spread, last 3 days (all we have)−0.015%−$1 · spread now −0.087%, 7d avg −0.088%

Together, before fees−0.015%−$2 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX BNB-USDT	797.74	0.0100	pay 0.0100% / 8h	7h 05m	$13K	$1.6M	50x
Short	HTX BNB-USDT	797.04	0.0100	get 0.0100% / 8h	7h 05m	$8.2M	$8.4M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against SunX. 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 SunXbpFee HTXbpOrdersPrice spread, now −0.087%Rate

Funding earned: $0
Price spread: −0.087% → −0.088%: $0.09
Slippage, 4 orders: −$43.9
Fee SunX: 4 bp × 2 orders: −$8
Fee HTX: 6 bp × 2 orders: −$12
Net: −$63.81
Costs to cover: 0.639%
Break-even: never at this rate

Slippage from SunX: live order book, 10 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 SunX live order book, 10 min ago	15.06 bp	21.7 bp −$22	29.5 bp −$295	doesn't fit	doesn't fit
Sell HTX live order book, 4 min ago	2.56 bp	8.6 bp −$9	14.0 bp −$140	41.8 bp −$4,184	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 −0.0159% / S +0.0335%	1h	797.06	−0.085%	$47K	—	200x	as long as short
Kraken Futures PF_BNBUSD	−0.0121%	1h	797.02	−0.090%	$2.5M	$1.0M	50x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	797.49	−0.031%	$4K	$239	25x	as long as short
Gate BNB_USDT	−0.0013%	8h	796.80	−0.118%	$35.8M	$57.1M	75x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	799.15	+0.177%	$3.0M	$27.9M	10x	as long as short
StandX BNB-USD	0.0000%	1h	797.80	+0.008%	$862K	$3.0M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	797.06	−0.085%	$9.7M	—	150x	as long as short
Variational Omni BNB	+0.0009%	8h	796.50	−0.155%	$4.1M	$5.1M	—	as long as short
Phemex BNBUSDT	+0.0019%	8h	797.65	−0.011%	$69.7M	$50.2M	50x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+0.921%	$19K	$789K	30x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster BNBUSDT	+0.0045%	8h	797.61	−0.017%	$6.1M	$19.5M	200x	as long as short
Coinbase International BNB-PERP-INTX	+0.0048%	1h	797.60	−0.018%	$610K	$1.1M	50x	as long as short
BingX BNB-USDC	+0.0057%	8h	797.22	−0.065%	—	$13.4M	—	as long as short
Binance BNBUSDT	+0.0070%	8h	797.60	−0.018%	$496.4M	$810.5M	75x	as long as short
MEXC BNB_USDT	+0.0071%	8h	798.00	+0.033%	$83.0M	$13.7M	200x	as long as short
Bybit BNBUSDT	+0.0074%	8h	796.82	−0.115%	$138.5M	$76.2M	75x	as long as short
Lighter BNB	+0.0096%	1h	797.39	−0.044%	$2.8M	$4.0M	20x	as long as short
Phoenix BNB	+0.0099%	1h	797.27	−0.059%	$171K	$36K	10x	as long as short
Nado BNB-PERP	+0.0100%	1h	796.85	−0.112%	$1.5M	$2.7M	20x	as long as short
Pacifica BNB	+0.0100%	1h	797.40	−0.043%	$1.2M	$930K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	796.90	−0.105%	$54.2M	$110.7M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	797.50	−0.030%	$52K	$127K	10x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	797.16	−0.073%	$27.9M	$10.0M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	796.87	−0.109%	$78.1M	$28.0M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	797.71	−0.004%	$4.1M	$76.3M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	799.32	+0.198%	$161K	$436K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	796.99	−0.094%	$113K	$885K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	797.01	−0.092%	$385K	$467K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	797.12	−0.078%	$32K	$9K	10x	as long as short
SunX BNB-USDTlong	+0.0100%	8h	797.74	long leg	$13K	$1.6M	50x
SoDEX BNB-USD	+0.0100%	1h	797.20	−0.068%	$392K	$995K	10x	as long as short
HTX BNB-USDTshort	+0.0100%	8h	797.04	−0.087%	$8.2M	$8.4M	75x
Paradex BNB-USD-PERP	+0.0100%	8h	797.88	+0.018%	$78K	$18K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	796.60	−0.143%	$1.8M	$6.0M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	797.03	−0.089%	$383K	$110K	10x	as long as short
Bulk BNB-USD	+0.0133%	1h	798.69	+0.119%	$649K	$10K	10x	as long as short
RISEx BNB/USDC	+0.0155%	1h	797.43	−0.039%	$1.1M	$1.4M	20x	as long as short
Kalshi KXBNBPERP	+0.0162%	8h	797.60	−0.018%	$89K	$2.8M	4.8x	as long as short
dYdX BNB-USD	+0.0187%	1h	796.86	−0.111%	$161K	$63K	10x	as long as short
BloFin BNB-USDT	+0.0191%	8h	797.85	+0.014%	$18.1M	$2.5M	75x	as long as short
01 Exchange BNBUSD	+0.0200%	1h	797.83	+0.011%	$28K	$1K	10x	as long as short
Hyperliquid BNB	+0.0283%	1h	797.86	+0.015%	$53.0M	$20.1M	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	797.43	−0.038%	$1.6M	$161K	25x	as long as short
Reya BNBRUSDPERP	+0.0330%	1h	796.63	−0.139%	$6K	$3K	40x	as long as short
Hibachi BNB/USDT-P	+0.0376%	1h	797.30	−0.055%	$68K	$38K	12x	as long as short
Backpack BNB_USDC_PERP	+0.0427%	1h	797.89	+0.019%	$2.7M	$5.7M	40x	as long as short