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Funding arb · Price arb /

BNB

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Alert: funding
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Alert: spread
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Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.009%
Price spread now: Bybit against ApeX Omni+0.019%49s7-day average −0.098% · you sell dearer than you buy
Net, funding: paid 7d − costs−$46as 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−$350.348% of the position
Long on ApeX OmniShort on Bybit
What this pair did over the last
the charts below follow
Funding, last 7 days−0.114%−$11 on $10k
Price spread, last 4 days (all we have)−0.272%−$27 · spread now +0.019%, 7d avg −0.098%
Together, before fees−0.386%−$39 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.117% dearer against ApeX Omni than usual: you sell high and buy low, +$12 on $10k if it goes back to its 7-day average of −0.098%. The two prices were read 49 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni BNBUSDT790.950.0100pay 0.0013% / 1h28m 42s$159K$440K50x
ShortBybit BNBUSDT791.100.0100get 0.0100% / 8h4h 28m$139.1M$74.6M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit 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
$0
Price spread: +0.019% → −0.098%
$11.67
Slippage, 4 orders
−$13.76
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$23.09
Costs to cover
0.348%
Break-even
never at this rate
Slippage from ApeX Omni: live order book, 29 min ago; Bybit: 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, 29 min ago5.18 bp10.2 bp −$1031.8 bp −$318doesn't fitdoesn't fit
Sell Bybit live order book, 5 min ago0.63 bp6.1 bp −$68.7 bp −$8726.4 bp −$2,641108.9 bp −$54.5K

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 −0.0186% / S +0.0351%1h791.60+0.083%$46K—200xas long as short
Hotstuff BNB-PERP−0.0080%1h791.84+0.113%$4K$4225xas long as short
StandX BNB-USD0.0000%1h791.66+0.090%$854K$3.2M30xas long as short
gTrade (Gains Network) BNB/USDL +0.0007% / S −0.0007%1h791.62+0.085%$9.5M—150xas long as short
Injective BNB/USDC PERP+0.0033%1h805.09+1.788%$19K$789K30xas long as short
Aster BNBUSDT+0.0044%8h791.53+0.073%$6.1M$18.7M200xas long as short
BingX BNB-USDT+0.0052%8h791.13+0.023%—$34.4M—as long as short
Phemex BNBUSDT+0.0063%8h792.05+0.139%$69.3M$49.9M50xas long as short
Coinbase International BNB-PERP-INTX+0.0064%1h789.45−0.190%$582K$1.9M50xas long as short
MEXC BNB_USDT+0.0066%8h791.80+0.107%$80.3M$12.3M200xas long as short
Show all 46 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance BNBUSDT+0.0067%8h791.54+0.075%$494.3M$788.7M75xas long as short
Lighter BNB+0.0096%1h791.19+0.031%$2.7M$3.8M20xas long as short
Orderly PERP_BNB_USDC+0.0100%8h791.68+0.092%$266K$492K50xas long as short
Nado BNB-PERP+0.0100%1h791.30+0.044%$1.5M$2.6M20xas long as short
Hyperliquid BNB+0.0100%1h791.58+0.080%$51.9M$17.6M10xas long as short
Pacifica BNB+0.0100%1h791.33+0.049%$1.2M$931K20xas long as short
Bybit BNBUSDTshort+0.0100%8h791.10+0.019%$139.1M$74.6M75x
OKX BNB-USDT-SWAP+0.0100%8h791.00+0.006%$53.5M$111.4M50xas long as short
Arcus BNB-USD+0.0100%1h791.80+0.107%$52K$130K10xas long as short
Gate BNB_USDT+0.0100%8h790.85−0.013%$35.4M$56.8M75xas long as short
KuCoin BNBUSDTM+0.0100%8h791.03+0.010%$27.7M$10.3M75xas long as short
Bitget BNBUSDT+0.0100%8h790.57−0.048%$76.5M$30.1M75xas long as short
Backpack BNB_USDC_PERP+0.0100%1h791.63+0.086%$2.2M$6.1M40xas long as short
Variational Omni BNB+0.0100%8h791.31+0.046%$4.1M$4.6M—as long as short
edgeX BNBUSDC+0.0100%4h791.99+0.132%$4.1M$73.7M30xas long as short
ApeX Omni BNBUSDTlong+0.0100%1h790.95long leg$159K$440K50x
Polymarket Perps BNB-USD+0.0100%1h791.46+0.064%$134K$950K10xas long as short
Derive BNB-PERP+0.0100%1h791.76+0.103%$31K$12K10xas long as short
SunX BNB-USDT+0.0100%8h792.04+0.138%$12K$1.5M50xas long as short
SoDEX BNB-USD+0.0100%1h791.80+0.107%$389K$1.0M10xas long as short
HTX BNB-USDT+0.0100%8h791.71+0.097%$8.1M$9.4M75xas long as short
Paradex BNB-USD-PERP+0.0101%8h791.89+0.118%$77K$17K50xas long as short
Extended BNB-USD+0.0104%1h790.75−0.026%$1.8M$5.9M50xas long as short
Aevo BNB-PERP+0.0104%1h791.71+0.096%$380K$110K10xas long as short
Phoenix BNB+0.0117%1h791.77+0.104%$170K$35K10xas long as short
dYdX BNB-USD+0.0138%1h790.94−0.001%$160K$64K10xas long as short
GRVT BNB_USDT_Perp+0.0145%8h792.31+0.171%$3.0M$28.5M10xas long as short
Kalshi KXBNBPERP+0.0180%8h792.00+0.133%$125K$2.7M4.8xas long as short
BloFin BNB-USDT+0.0187%8h792.22+0.161%$18.2M$2.2M75xas long as short
01 Exchange BNBUSD+0.0232%1h792.08+0.143%$28K$4K10xas long as short
Bulk BNB-USD+0.0245%1h789.82−0.143%$640K$9K10xas long as short
Kraken Futures PF_BNBUSD+0.0263%1h791.59+0.081%$2.5M$1.2M50xas long as short
Reya BNBRUSDPERP+0.0326%1h791.30+0.045%$6K$3K40xas long as short
Deribit BNB_USDC-PERPETUAL+0.0400%1h792.18+0.155%$1.5M$143K25xas long as short
Hibachi BNB/USDT-P+0.0424%1h791.66+0.089%$68K$38K12xas long as short
RISEx BNB/USDC+0.0461%1h791.83+0.111%$1.1M$973K20xas long as short