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Funding arb · Price arb /

BNB

all BNB markets
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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 23:00 UTC+0.0136%/8h= +14.9% APRpaid last 24h +0.047%
Price spread now: BloFin against ApeX Omni+0.004%7-day average +0.025% · you sell dearer than you buy
Net, funding: paid 7d − costs−$17as in the Funding arb table
Net, price: spread back to 7d avg − costs−$34as in the Price arb table
costs, in and out, $10k−$320.322% of the position
Long on ApeX OmniShort on BloFin
What this pair did over the last
the charts below follow
Funding, last 7 days+0.150%+$15 on $10k
Price spread, last 3 days (all we have)−0.078%−$8 · spread now +0.004%, 7d avg +0.025%
Together, before fees+0.073%+$7 on $10k · with fees, hour by hour
Funding pays, the price is against you. BloFin is 0.021% cheaper against ApeX Omni than usual: you would sell low and buy high (spread +0.004% now, against its 7-day average of +0.025%). If the spread goes back, that is −$2 on $10k: about 12 hours of funding at the current rate (+$4 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni BNBUSDT800.330.0100pay 0.0013% / 1h8m 37s$161K$442K50x
ShortBloFin BNB-USDT800.360.0236get 0.0236% / 8h1h 08m$18.3M$2.5M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BloFin 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

Funding earned
$28.58
Price spread: +0.004% → +0.025%
−$2.1
Slippage, 4 orders
−$10.18
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee BloFin: 6 bp × 2 orders
−$12
Net
−$5.7
Costs to cover
0.322%
Break-even
8.4 days
Slippage from ApeX Omni: live order book, 9 min ago; BloFin: live order book, 5 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy ApeX Omni live order book, 9 min ago4.55 bp9.6 bp −$1038.4 bp −$384doesn't fitdoesn't fit
Sell BloFin live order book, 5 min ago0.06 bp6.9 bp −$78.5 bp −$8512.3 bp −$1,22612.7 bp −$6,349

BNB on 46 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GMX BNB/USD [WBTC.b-USDC]L −0.0201% / S +0.0372%1h799.81−0.065%$47K—200xas long as short
Hotstuff BNB-PERP−0.0080%1h800.02−0.039%$4K$1K25xas long as short
GRVT BNB_USDT_Perp0.0000%8h800.06−0.034%$3.0M$29.4M10xas long as short
Kalshi KXBNBPERP0.0000%8h799.80−0.066%$129K$2.9M4.8xas long as short
StandX BNB-USD0.0000%1h800.27−0.007%$865K$2.9M30xas long as short
gTrade (Gains Network) BNB/USDL +0.0008% / S −0.0007%1h799.78−0.069%$9.7M—150xas long as short
Variational Omni BNB+0.0030%8h799.14−0.148%$4.2M$5.4M—as long as short
BingX BNB-USDC+0.0055%8h799.69−0.080%—$13.3M—as long as short
Bybit BNBUSDT+0.0065%8h799.60−0.091%$139.2M$78.6M75xas long as short
Aster BNBUSDT+0.0096%8h800.54+0.026%$6.4M$19.0M200xas long as short
Show all 46 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter BNB+0.0096%1h800.17−0.021%$2.8M$4.2M20xas long as short
Coinbase International BNB-PERP-INTX+0.0096%1h799.73−0.075%$608K$992K50xas long as short
Nado BNB-PERP+0.0100%1h799.07−0.157%$1.4M$2.7M20xas long as short
Pacifica BNB+0.0100%1h800.07−0.032%$1.2M$926K20xas long as short
OKX BNB-USDT-SWAP+0.0100%8h799.40−0.116%$54.6M$113.5M50xas long as short
Arcus BNB-USD+0.0100%1h800.00−0.041%$53K$151K10xas long as short
Gate BNB_USDT+0.0100%8h799.40−0.116%$35.7M$58.8M75xas long as short
KuCoin BNBUSDTM+0.0100%8h799.70−0.079%$28.0M$10.3M75xas long as short
Bitget BNBUSDT+0.0100%8h799.52−0.101%$80.7M$26.6M75xas long as short
edgeX BNBUSDC+0.0100%4h800.16−0.021%$4.2M$77.2M30xas long as short
ApeX Omni BNBUSDTlong+0.0100%1h800.33long leg$161K$442K50x
Polymarket Perps BNB-USD+0.0100%1h799.82−0.064%$121K$872K10xas long as short
Orderly PERP_BNB_USDC+0.0100%8h799.76−0.071%$386K$489K50xas long as short
Derive BNB-PERP+0.0100%1h799.95−0.047%$32K$5K10xas long as short
SunX BNB-USDT+0.0100%8h800.47+0.018%$13K$1.7M50xas long as short
SoDEX BNB-USD+0.0100%1h800.00−0.041%$393K$1.0M10xas long as short
HTX BNB-USDT+0.0100%8h799.72−0.077%$8.2M$7.9M75xas long as short
Paradex BNB-USD-PERP+0.0100%8h800.39+0.007%$78K$19K50xas long as short
Extended BNB-USD+0.0104%1h799.18−0.144%$1.9M$6.3M50xas long as short
Aevo BNB-PERP+0.0104%1h799.92−0.052%$384K$40K10xas long as short
MEXC BNB_USDT+0.0116%8h800.90+0.071%$83.2M$13.8M200xas long as short
Phemex BNBUSDT+0.0116%8h800.41+0.010%$70.0M$51.5M50xas long as short
Binance BNBUSDT+0.0116%8h800.52+0.024%$502.8M$817.1M75xas long as short
Phoenix BNB+0.0155%1h800.04−0.036%$172K$35K10xas long as short
Kraken Futures PF_BNBUSD+0.0207%1h799.74−0.074%$2.6M$967K50xas long as short
Hibachi BNB/USDT-P+0.0208%1h799.43−0.112%$71K$49K12xas long as short
BloFin BNB-USDTshort+0.0236%8h800.36+0.004%$18.3M$2.5M75x
Bulk BNB-USD+0.0298%1h800.20−0.016%$650K$21K10xas long as short
Deribit BNB_USDC-PERPETUAL+0.0300%1h800.32−0.002%$1.6M$165K25xas long as short
Injective BNB/USDC PERP+0.0311%1h805.09+0.595%$19K$789K30xas long as short
01 Exchange BNBUSD+0.0312%1h800.41+0.010%$28K$1K10xas long as short
RISEx BNB/USDC+0.0318%1h799.90−0.054%$1.1M$1.4M20xas long as short
Hyperliquid BNB+0.0321%1h800.64+0.039%$51.8M$21.6M10xas long as short
Reya BNBRUSDPERP+0.0332%1h799.54−0.099%$6K$3K40xas long as short
dYdX BNB-USD+0.0349%1h799.29−0.130%$161K$62K10xas long as short
Backpack BNB_USDC_PERP+0.0572%1h800.71+0.047%$2.7M$5.7M40xas long as short