BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0200%/8h= +21.9% APRnext payment +$0.25 per $10,000 · paid last 24h +0.017%

Price spread now: Deribit against ApeX Omni+0.030%46s7-day average −0.018% · you sell dearer than you buy

Net, funding: paid 7d − costs−$26as 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−$370.370% of the position

Long on ApeX Omni Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.106%+$11 on $10k

Price spread, last 3 days (all we have)−0.120%−$12 · spread now +0.030%, 7d avg −0.018%

Together, before fees−0.014%−$1 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Deribit is 0.048% dearer against ApeX Omni than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.018%. The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.106% in total (about 5.5% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.25 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni BNBUSDT	806.65	0.0100	pay 0.0013% / 1h	37m 26s	$162K	$440K	50x
Short	Deribit BNB_USDC-PERPETUAL	806.89	0.0300	get 0.0037% / 1h	37m 26s	$1.6M	$165K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now +0.030%Rate

Funding earned: $42
Price spread: +0.030% → −0.018%: $4.82
Slippage, 4 orders: −$20.05
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: $9.77
Costs to cover: 0.370%
Break-even: 5.4 days

Slippage from ApeX Omni: live order book, 45 min ago; Deribit: live order book, 2 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, 45 min ago	3.47 bp	11.5 bp −$12	32.9 bp −$329	doesn't fit	doesn't fit
Sell Deribit live order book, 2 min ago	5.02 bp	8.5 bp −$9	14.2 bp −$142	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 −0.0201% / S +0.0372%	1h	806.68	+0.004%	$48K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	806.63	−0.002%	$4K	$1K	25x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	806.76	+0.014%	$3.0M	$29.1M	10x	as long as short
Kalshi KXBNBPERP	0.0000%	8h	807.00	+0.043%	$106K	$2.5M	4.8x	as long as short
StandX BNB-USD	0.0000%	1h	806.55	−0.012%	$872K	$2.8M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	806.75	+0.013%	$9.8M	—	150x	as long as short
Variational Omni BNB	+0.0044%	8h	806.56	−0.011%	$4.1M	$5.3M	—	as long as short
BingX BNB-USDC	+0.0059%	8h	806.24	−0.051%	—	$13.3M	—	as long as short
Bybit BNBUSDT	+0.0083%	8h	805.60	−0.130%	$139.5M	$81.1M	75x	as long as short
Lighter BNB	+0.0096%	1h	806.41	−0.030%	$2.8M	$4.2M	20x	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-INTX	+0.0096%	1h	805.54	−0.138%	$608K	$881K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	805.85	−0.099%	$1.5M	$2.7M	20x	as long as short
Pacifica BNB	+0.0100%	1h	806.35	−0.037%	$1.2M	$923K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	805.70	−0.118%	$55.1M	$115.9M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	806.60	−0.006%	$53K	$170K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	806.00	−0.081%	$36.1M	$57.6M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	805.94	−0.088%	$28.2M	$10.5M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	805.50	−0.143%	$78.7M	$25.0M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	807.06	+0.051%	$4.2M	$76.6M	30x	as long as short
ApeX Omni BNBUSDTlong	+0.0100%	1h	806.65	long leg	$162K	$440K	50x
Polymarket Perps BNB-USD	+0.0100%	1h	805.73	−0.114%	$116K	$869K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	806.68	+0.004%	$390K	$592K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	806.94	+0.036%	$32K	$5K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	807.39	+0.092%	$13K	$1.7M	50x	as long as short
HTX BNB-USDT	+0.0100%	8h	806.40	−0.031%	$8.2M	$7.7M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	806.77	+0.015%	$79K	$19K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	805.71	−0.116%	$1.9M	$5.9M	50x	as long as short
Hibachi BNB/USDT-P	+0.0104%	1h	806.80	+0.018%	$71K	$48K	12x	as long as short
Aevo BNB-PERP	+0.0104%	1h	806.52	−0.016%	$387K	$40K	10x	as long as short
Aster BNBUSDT	+0.0107%	8h	806.76	+0.014%	$6.4M	$18.8M	200x	as long as short
MEXC BNB_USDT	+0.0122%	8h	807.10	+0.056%	$84.8M	$13.4M	200x	as long as short
Binance BNBUSDT	+0.0123%	8h	806.43	−0.027%	$520.6M	$804.0M	75x	as long as short
Phemex BNBUSDT	+0.0135%	8h	807.03	+0.047%	$70.4M	$51.7M	50x	as long as short
Phoenix BNB	+0.0155%	1h	807.20	+0.068%	$173K	$35K	10x	as long as short
SoDEX BNB-USD	+0.0184%	1h	806.60	−0.006%	$397K	$1.0M	10x	as long as short
dYdX BNB-USD	+0.0201%	1h	806.57	−0.010%	$163K	$63K	10x	as long as short
Kraken Futures PF_BNBUSD	+0.0205%	1h	806.38	−0.034%	$2.5M	$929K	50x	as long as short
Hyperliquid BNB	+0.0232%	1h	806.76	+0.014%	$52.2M	$21.9M	10x	as long as short
BloFin BNB-USDT	+0.0242%	8h	806.92	+0.033%	$18.8M	$2.6M	75x	as long as short
Bulk BNB-USD	+0.0295%	1h	807.66	+0.125%	$652K	$14K	10x	as long as short
Deribit BNB_USDC-PERPETUALshort	+0.0300%	1h	806.89	+0.030%	$1.6M	$165K	25x
Injective BNB/USDC PERP	+0.0311%	1h	805.09	−0.193%	$19K	$789K	30x	as long as short
RISEx BNB/USDC	+0.0318%	1h	806.35	−0.037%	$1.1M	$1.4M	20x	as long as short
Reya BNBRUSDPERP	+0.0333%	1h	805.52	−0.140%	$6K	$3K	40x	as long as short
01 Exchange BNBUSD	+0.0352%	1h	806.85	+0.025%	$29K	$1K	10x	as long as short
Backpack BNB_USDC_PERP	+0.0695%	1h	807.41	+0.094%	$3.0M	$5.5M	40x	as long as short