BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0036%/8h= −3.9% APRnext payment −$0.04 per $10,000 · paid last 24h −0.006%

Price spread now: Coinbase International against ApeX Omni−0.134%75s7-day average −0.078% · you buy dearer than you sell

Net, funding: paid 7d − costs−$50as 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−$390.389% of the position

Long on ApeX Omni Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−0.113%−$11 on $10k

Price spread, last 4 days (all we have)−0.063%−$6 · spread now −0.134%, 7d avg −0.078%

Together, before fees−0.175%−$18 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Coinbase International is 0.057% cheaper against ApeX Omni than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of −0.078%). Swap the legs. The two prices were read 75 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	789.32	0.0100	pay 0.0013% / 1h	59m 58s	$159K	$440K	50x
Short	Coinbase International BNB-PERP-INTX	788.26	0.0064	get 0.0008% / 1h	59m 58s	$579K	$1.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now −0.134%Rate

Funding earned: −$7.56
Price spread: −0.134% → −0.078%: −$5.68
Slippage, 4 orders: −$18.87
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$52.1
Costs to cover: 0.389%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 58 min ago; Coinbase International: live order book, 4 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, 58 min ago	5.18 bp	10.2 bp −$10	31.8 bp −$318	doesn't fit	doesn't fit
Sell Coinbase International live order book, 4 min ago	2.54 bp	9.1 bp −$9	16.6 bp −$166	doesn't fit	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 −0.0190% / S +0.0354%	1h	789.26	−0.007%	$46K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	789.39	+0.009%	$4K	$42	25x	as long as short
StandX BNB-USD	0.0000%	1h	789.04	−0.035%	$851K	$3.2M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	789.32	0.000%	$9.5M	—	150x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+1.998%	$19K	$789K	30x	as long as short
Aster BNBUSDT	+0.0036%	8h	789.48	+0.020%	$6.1M	$18.7M	200x	as long as short
BingX BNB-USDT	+0.0046%	8h	789.11	−0.027%	—	$34.4M	—	as long as short
MEXC BNB_USDT	+0.0057%	8h	789.80	+0.061%	$80.1M	$12.4M	200x	as long as short
Binance BNBUSDT	+0.0058%	8h	789.42	+0.013%	$492.8M	$791.8M	75x	as long as short
Phemex BNBUSDT	+0.0058%	8h	789.60	+0.035%	$69.1M	$50.4M	50x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International BNB-PERP-INTXshort	+0.0064%	1h	788.26	−0.134%	$579K	$1.9M	50x
Lighter BNB	+0.0096%	1h	789.38	+0.007%	$2.7M	$3.9M	20x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	789.30	−0.003%	$265K	$492K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	789.50	+0.023%	$1.5M	$2.5M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	789.59	+0.034%	$51.8M	$17.5M	10x	as long as short
Pacifica BNB	+0.0100%	1h	789.80	+0.061%	$1.2M	$931K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	788.90	−0.053%	$138.8M	$74.0M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	789.20	−0.015%	$53.4M	$111.4M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	789.60	+0.035%	$52K	$130K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	788.90	−0.053%	$35.5M	$57.7M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	789.01	−0.039%	$28.1M	$10.1M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	788.90	−0.053%	$76.4M	$30.2M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	789.38	+0.008%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	789.11	−0.026%	$4.1M	$4.8M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	789.18	−0.018%	$4.1M	$73.3M	30x	as long as short
ApeX Omni BNBUSDTlong	+0.0100%	1h	789.32	long leg	$159K	$440K	50x
Polymarket Perps BNB-USD	+0.0100%	1h	789.35	+0.004%	$133K	$950K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	789.34	+0.002%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	789.83	+0.065%	$12K	$1.5M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	789.30	−0.003%	$388K	$1.0M	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	789.25	−0.009%	$8.1M	$9.5M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	790.01	+0.087%	$77K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	788.68	−0.081%	$1.9M	$6.2M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	789.28	−0.005%	$379K	$110K	10x	as long as short
Phoenix BNB	+0.0117%	1h	789.25	−0.009%	$170K	$35K	10x	as long as short
dYdX BNB-USD	+0.0122%	1h	789.25	−0.009%	$160K	$64K	10x	as long as short
GRVT BNB_USDT_Perp	+0.0157%	8h	789.58	+0.033%	$2.9M	$28.5M	10x	as long as short
Kalshi KXBNBPERP	+0.0177%	8h	789.90	+0.073%	$133K	$2.7M	4.8x	as long as short
BloFin BNB-USDT	+0.0178%	8h	790.06	+0.094%	$18.1M	$2.2M	75x	as long as short
Bulk BNB-USD	+0.0216%	1h	788.57	−0.095%	$639K	$9K	10x	as long as short
01 Exchange BNBUSD	+0.0232%	1h	790.21	+0.113%	$28K	$4K	10x	as long as short
Kraken Futures PF_BNBUSD	+0.0263%	1h	789.07	−0.032%	$2.5M	$1.2M	50x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	789.74	+0.053%	$1.5M	$143K	25x	as long as short
Reya BNBRUSDPERP	+0.0325%	1h	789.25	−0.008%	$6K	$3K	40x	as long as short
Hibachi BNB/USDT-P	+0.0360%	1h	789.68	+0.045%	$67K	$38K	12x	as long as short
RISEx BNB/USDC	+0.0461%	1h	789.92	+0.076%	$1.1M	$903K	20x	as long as short