Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0022%/8h= +2.4% APRpaid last 24h +0.011%

Price spread now: Binance against ApeX Omni+0.175%7-day average +0.015% · you sell dearer than you buy

Net, funding: paid 7d − costs−$36as in the Funding arb table

Net, price: spread back to 7d avg − costs−$13as in the Price arb table

costs, in and out, $10k−$290.293% of the position

Long on ApeX Omni Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.069%−$7 on $10k

Price spread, last 3 days (all we have)−0.270%−$27 · spread now +0.175%, 7d avg +0.015%

Together, before fees−0.338%−$34 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Binance is 0.160% dearer against ApeX Omni than usual: you sell high and buy low: +$16 more if the spread goes back to its 7-day average of +0.015%. Mind the row above: over the last 7 days funding on this pair cost −0.069%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni BNBUSDT	801.48	0.0100	pay 0.0013% / 1h	57m 22s	$161K	$442K	50x
Short	Binance BNBUSDT	802.88	0.0122	get 0.0122% / 8h	57m 22s	$502.4M	$819.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against ApeX Omni. 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 ApeX OmnibpFee BinancebpOrdersPrice spread, now +0.175%Rate

Funding earned: $4.61
Price spread: +0.175% → +0.015%: $16.01
Slippage, 4 orders: −$9.34
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$8.73
Costs to cover: 0.293%
Break-even: 20.3 days

Slippage from ApeX Omni: live order book, 20 min ago; Binance: live order book, 2 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 ApeX Omni live order book, 20 min ago	4.55 bp	9.6 bp −$10	38.4 bp −$384	doesn't fit	doesn't fit
Sell Binance live order book, 2 min ago	0.06 bp	5.1 bp −$5	5.2 bp −$52	15.8 bp −$1,580	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 −0.0201% / S +0.0372%	1h	802.22	+0.093%	$48K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	802.34	+0.107%	$4K	$1K	25x	as long as short
Kraken Futures PF_BNBUSD	−0.0074%	1h	802.20	+0.090%	$2.6M	$969K	50x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	800.99	−0.061%	$3.0M	$28.4M	10x	as long as short
StandX BNB-USD	0.0000%	1h	803.02	+0.192%	$868K	$2.9M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	802.23	+0.094%	$9.8M	—	150x	as long as short
Variational Omni BNB	+0.0031%	8h	800.04	−0.179%	$4.2M	$5.4M	—	as long as short
BingX BNB-USDT	+0.0052%	8h	802.28	+0.100%	—	$34.8M	—	as long as short
Bybit BNBUSDT	+0.0066%	8h	801.80	+0.040%	$139.3M	$78.6M	75x	as long as short
Coinbase International BNB-PERP-INTX	+0.0072%	1h	800.72	−0.095%	$607K	$998K	50x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter BNB	+0.0096%	1h	802.40	+0.115%	$2.8M	$4.1M	20x	as long as short
Nado BNB-PERP	+0.0100%	1h	801.67	+0.023%	$1.4M	$2.7M	20x	as long as short
Pacifica BNB	+0.0100%	1h	802.08	+0.075%	$1.2M	$926K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	801.90	+0.052%	$54.8M	$113.8M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	802.30	+0.102%	$53K	$134K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	801.95	+0.059%	$35.8M	$57.4M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	801.73	+0.031%	$28.0M	$10.3M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	801.92	+0.055%	$79.8M	$27.3M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	801.60	+0.015%	$4.2M	$77.5M	30x	as long as short
ApeX Omni BNBUSDTlong	+0.0100%	1h	801.48	long leg	$161K	$442K	50x
Polymarket Perps BNB-USD	+0.0100%	1h	802.00	+0.065%	$119K	$874K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	802.26	+0.097%	$388K	$489K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	802.43	+0.119%	$32K	$5K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	802.93	+0.181%	$13K	$1.7M	50x	as long as short
HTX BNB-USDT	+0.0100%	8h	802.16	+0.085%	$8.2M	$7.9M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	802.55	+0.133%	$78K	$19K	50x	as long as short
Aster BNBUSDT	+0.0101%	8h	802.87	+0.173%	$6.4M	$18.9M	200x	as long as short
Extended BNB-USD	+0.0104%	1h	801.78	+0.037%	$1.9M	$6.4M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	802.53	+0.130%	$386K	$40K	10x	as long as short
Phemex BNBUSDT	+0.0114%	8h	802.81	+0.166%	$70.2M	$51.1M	50x	as long as short
Kalshi KXBNBPERP	+0.0117%	8h	802.40	+0.115%	$109K	$2.9M	4.8x	as long as short
MEXC BNB_USDT	+0.0120%	8h	803.00	+0.190%	$83.4M	$13.5M	200x	as long as short
Binance BNBUSDTshort	+0.0122%	8h	802.88	+0.175%	$502.4M	$819.3M	75x
Phoenix BNB	+0.0155%	1h	800.77	−0.089%	$172K	$34K	10x	as long as short
BloFin BNB-USDT	+0.0242%	8h	802.83	+0.168%	$18.2M	$2.5M	75x	as long as short
Hibachi BNB/USDT-P	+0.0248%	1h	801.96	+0.060%	$71K	$49K	12x	as long as short
SoDEX BNB-USD	+0.0254%	1h	802.30	+0.102%	$394K	$1.0M	10x	as long as short
RISEx BNB/USDC	+0.0258%	1h	802.09	+0.075%	$1.1M	$1.4M	20x	as long as short
Bulk BNB-USD	+0.0289%	1h	801.15	−0.041%	$651K	$20K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	802.74	+0.157%	$1.6M	$165K	25x	as long as short
Injective BNB/USDC PERP	+0.0306%	1h	805.09	+0.450%	$19K	$789K	30x	as long as short
Reya BNBRUSDPERP	+0.0332%	1h	801.71	+0.029%	$6K	$3K	40x	as long as short
Hyperliquid BNB	+0.0343%	1h	802.82	+0.167%	$51.9M	$21.6M	10x	as long as short
Backpack BNB_USDC_PERP	+0.0431%	1h	802.42	+0.117%	$2.7M	$5.7M	40x	as long as short
01 Exchange BNBUSD	+0.0432%	1h	802.89	+0.176%	$28K	$1K	10x	as long as short
dYdX BNB-USD	+0.0465%	1h	802.23	+0.094%	$162K	$62K	10x	as long as short