Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0093%/8h= −10.2% APRpaid last 24h −0.013%

Price spread now: BingX against ApeX Omni+0.004%83s7-day average −0.048% · you sell dearer than you buy

Net, funding: paid 7d − costs−$41as 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−$370.366% of the position

Long on ApeX Omni Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.047%−$5 on $10k

Price spread, last 3 days (all we have)−0.070%−$7 · spread now +0.004%, 7d avg −0.048%

Together, before fees−0.116%−$12 on $10k · with fees, hour by hour

The price spread pays, funding is against you. BingX is 0.052% dearer against ApeX Omni than usual: you sell high and buy low (spread +0.004% now, against its 7-day average of −0.048%): +$5 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 45 hours. At the pace of the last 7 days (−0.047% in total) that is about 7.8 days. The two prices were read 83 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni BNBUSDT	798.95	0.0100	pay 0.0013% / 1h	15m 59s	$161K	$435K	50x
Short	BingX BNB-USDT	798.98	0.0007	get 0.0007% / 8h	7h 15m	—	$35.0M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now +0.004%Rate

Funding earned: −$19.53
Price spread: +0.004% → −0.048%: $5.19
Slippage, 4 orders: −$16.56
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: −$50.9
Costs to cover: 0.366%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 56 min ago; BingX: live order book, 8 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, 56 min ago	2.06 bp	7.9 bp −$8	30.4 bp −$304	doesn't fit	doesn't fit
Sell BingX live order book, 8 min ago	0.13 bp	5.5 bp −$6	6.7 bp −$67	12.1 bp −$1,209	29.9 bp −$15.0K

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	798.65	−0.038%	$47K	—	200x	as long as short
Kraken Futures PF_BNBUSD	−0.0121%	1h	798.89	−0.007%	$2.5M	$1.0M	50x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	798.43	−0.065%	$4K	$239	25x	as long as short
Gate BNB_USDT	0.0000%	8h	798.50	−0.056%	$35.9M	$56.8M	75x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	798.85	−0.012%	$3.0M	$27.9M	10x	as long as short
StandX BNB-USD	0.0000%	1h	798.98	+0.004%	$863K	$2.9M	30x	as long as short
Variational Omni BNB	+0.0005%	8h	798.43	−0.066%	$4.1M	$5.0M	—	as long as short
BingX BNB-USDTshort	+0.0007%	8h	798.98	+0.004%	—	$35.0M	—
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	798.65	−0.038%	$9.7M	—	150x	as long as short
Phemex BNBUSDT	+0.0023%	8h	799.53	+0.073%	$69.8M	$50.2M	50x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit BNBUSDT	+0.0030%	8h	798.70	−0.031%	$138.7M	$76.3M	75x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+0.769%	$19K	$789K	30x	as long as short
Coinbase International BNB-PERP-INTX	+0.0048%	1h	799.07	+0.015%	$615K	$1.1M	50x	as long as short
Aster BNBUSDT	+0.0052%	8h	799.34	+0.048%	$6.1M	$19.4M	200x	as long as short
MEXC BNB_USDT	+0.0074%	8h	799.80	+0.106%	$83.2M	$13.7M	200x	as long as short
Binance BNBUSDT	+0.0075%	8h	799.44	+0.061%	$496.4M	$811.0M	75x	as long as short
Lighter BNB	+0.0096%	1h	799.12	+0.021%	$2.8M	$4.0M	20x	as long as short
Phoenix BNB	+0.0099%	1h	799.13	+0.023%	$172K	$36K	10x	as long as short
Nado BNB-PERP	+0.0100%	1h	798.45	−0.063%	$1.5M	$2.7M	20x	as long as short
Pacifica BNB	+0.0100%	1h	798.98	+0.004%	$1.2M	$937K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	798.70	−0.031%	$54.2M	$111.0M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	799.10	+0.019%	$53K	$133K	10x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	798.72	−0.029%	$27.9M	$10.0M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	798.53	−0.053%	$78.2M	$28.1M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	798.91	−0.005%	$4.2M	$76.7M	30x	as long as short
ApeX Omni BNBUSDTlong	+0.0100%	1h	798.95	long leg	$161K	$435K	50x
Polymarket Perps BNB-USD	+0.0100%	1h	798.67	−0.035%	$113K	$884K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	798.73	−0.028%	$386K	$459K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	798.86	−0.011%	$32K	$5K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	799.43	+0.060%	$13K	$1.6M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	798.90	−0.006%	$393K	$997K	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	798.45	−0.063%	$8.2M	$8.3M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	799.39	+0.055%	$78K	$18K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	798.58	−0.047%	$1.8M	$6.0M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	798.82	−0.016%	$384K	$110K	10x	as long as short
Bulk BNB-USD	+0.0138%	1h	797.80	−0.144%	$648K	$10K	10x	as long as short
RISEx BNB/USDC	+0.0155%	1h	798.90	−0.006%	$1.1M	$1.4M	20x	as long as short
Kalshi KXBNBPERP	+0.0159%	8h	799.30	+0.044%	$90K	$2.8M	4.8x	as long as short
BloFin BNB-USDT	+0.0195%	8h	798.84	−0.014%	$18.1M	$2.6M	75x	as long as short
dYdX BNB-USD	+0.0198%	1h	798.51	−0.055%	$161K	$63K	10x	as long as short
01 Exchange BNBUSD	+0.0200%	1h	799.33	+0.048%	$28K	$1K	10x	as long as short
Hibachi BNB/USDT-P	+0.0280%	1h	797.79	−0.146%	$68K	$38K	12x	as long as short
Hyperliquid BNB	+0.0293%	1h	799.59	+0.080%	$53.1M	$20.3M	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	799.24	+0.037%	$1.6M	$161K	25x	as long as short
Reya BNBRUSDPERP	+0.0330%	1h	798.46	−0.061%	$6K	$3K	40x	as long as short
Backpack BNB_USDC_PERP	+0.0427%	1h	799.61	+0.083%	$2.7M	$5.7M	40x	as long as short