BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0119%/8h= +13.1% APRnext payment +$0.15 per $10,000 · paid last 24h +0.046%

Price spread now: Bulk against ApeX Omni+0.006%7-day average +0.030% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$31as in the Price arb table

costs, in and out, $10k−$280.283% of the position

Long on ApeX Omni Short on Bulk

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.235%+$24 on $10k

Price spread, last 4 days (all we have)−0.100%−$10 · spread now +0.006%, 7d avg +0.030%

Together, before fees+0.135%+$13 on $10k · with fees, hour by hour

Funding pays, the price is against you. Bulk is 0.024% cheaper against ApeX Omni than usual: you would sell low and buy high (spread +0.006% now, against its 7-day average of +0.030%). If the spread goes back, that is −$2 on $10k: about 16 hours of funding at the current rate (+$4 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni BNBUSDT	788.47	0.0100	pay 0.0013% / 1h	31m 15s	$159K	$442K	50x
Short	Bulk BNB-USD	788.52	0.0219	get 0.0027% / 1h	31m 15s	$639K	$9K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bulk 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 BulkbpOrdersPrice spread, now +0.006%Rate

Funding earned: $25.06
Price spread: +0.006% → +0.030%: −$2.38
Slippage, 4 orders: −$11.31
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Bulk: 3.5 bp × 2 orders: −$7
Net: −$5.62
Costs to cover: 0.283%
Break-even: 8.6 days

Slippage from ApeX Omni: live order book, 21 min ago; Bulk: live order book, 23 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, 21 min ago	4.81 bp	10.6 bp −$11	32.1 bp −$321	doesn't fit	doesn't fit
Sell Bulk live order book, 23 min ago	0.06 bp	3.6 bp −$4	3.6 bp −$36	5.0 bp −$500	13.8 bp −$6,923

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	788.41	−0.008%	$46K	—	200x	as long as short
Kraken Futures PF_BNBUSD	−0.0124%	1h	788.39	−0.010%	$2.5M	$1.2M	50x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	788.29	−0.023%	$4K	$42	25x	as long as short
StandX BNB-USD	0.0000%	1h	788.91	+0.056%	$851K	$3.1M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	788.44	−0.004%	$9.5M	—	150x	as long as short
Aster BNBUSDT	+0.0028%	8h	788.99	+0.066%	$6.1M	$18.8M	200x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.108%	$19K	$789K	30x	as long as short
BingX BNB-USDT	+0.0040%	8h	788.61	+0.018%	—	$22.4M	—	as long as short
Phemex BNBUSDT	+0.0048%	8h	788.83	+0.046%	$69.0M	$50.6M	50x	as long as short
Binance BNBUSDT	+0.0049%	8h	789.05	+0.074%	$492.1M	$798.7M	75x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC BNB_USDT	+0.0049%	8h	789.30	+0.105%	$80.0M	$12.0M	200x	as long as short
Coinbase International BNB-PERP-INTX	+0.0072%	1h	790.26	+0.227%	$580K	$1.9M	50x	as long as short
Phoenix BNB	+0.0092%	1h	788.43	−0.005%	$169K	$35K	10x	as long as short
Lighter BNB	+0.0096%	1h	788.23	−0.031%	$2.7M	$3.8M	20x	as long as short
dYdX BNB-USD	+0.0097%	1h	788.56	+0.011%	$160K	$64K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	788.54	+0.009%	$265K	$492K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	787.95	−0.066%	$1.5M	$2.6M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	789.06	+0.075%	$51.8M	$17.5M	10x	as long as short
Pacifica BNB	+0.0100%	1h	788.35	−0.015%	$1.2M	$931K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	788.37	−0.013%	$138.7M	$73.8M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	788.40	−0.009%	$53.4M	$111.7M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	788.40	−0.009%	$52K	$133K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	788.40	−0.009%	$35.8M	$57.5M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	788.12	−0.044%	$27.6M	$10.3M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	788.18	−0.037%	$76.3M	$30.5M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	788.49	+0.003%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	787.71	−0.096%	$4.1M	$4.8M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	788.62	+0.019%	$4.1M	$73.9M	30x	as long as short
ApeX Omni BNBUSDTlong	+0.0100%	1h	788.47	long leg	$159K	$442K	50x
Polymarket Perps BNB-USD	+0.0100%	1h	788.16	−0.039%	$130K	$953K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	788.60	+0.017%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	788.67	+0.026%	$12K	$1.5M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	788.70	+0.029%	$388K	$1.0M	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	788.30	−0.022%	$8.1M	$9.6M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	788.43	−0.006%	$77K	$17K	50x	as long as short
Kalshi KXBNBPERP	+0.0102%	8h	788.80	+0.042%	$126K	$2.7M	4.8x	as long as short
Extended BNB-USD	+0.0104%	1h	788.12	−0.044%	$1.9M	$6.3M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	788.53	+0.007%	$379K	$110K	10x	as long as short
BloFin BNB-USDT	+0.0170%	8h	788.91	+0.056%	$18.1M	$2.2M	75x	as long as short
GRVT BNB_USDT_Perp	+0.0174%	8h	789.08	+0.077%	$2.9M	$28.7M	10x	as long as short
Bulk BNB-USDshort	+0.0219%	1h	788.52	+0.006%	$639K	$9K	10x
01 Exchange BNBUSD	+0.0240%	1h	788.74	+0.034%	$28K	$4K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	789.02	+0.069%	$1.5M	$143K	25x	as long as short
Reya BNBRUSDPERP	+0.0325%	1h	788.14	−0.041%	$6K	$3K	40x	as long as short
Hibachi BNB/USDT-P	+0.0416%	1h	788.36	−0.014%	$67K	$39K	12x	as long as short
RISEx BNB/USDC	+0.0431%	1h	788.57	+0.013%	$1.1M	$893K	20x	as long as short