Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.005%

Price spread now: Derive against ApeX Omni+0.017%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on ApeX Omni Short on Derive

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni BNBUSDT	802.77	0.0100	pay 0.0013% / 1h	44m 22s	$158K	$437K	50x
Short	Derive BNB-PERP	802.91	0.0100	get 0.0013% / 1h	44m 22s	$32K	$5K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Derive 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 DerivebpOrdersPrice spread, now +0.017%Rate

Funding earned: $0
Price spread: +0.017% → 0.000%: $1.72
Slippage, 4 orders: no order book: not counted
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Derive: 3 bp × 2 orders: −$6
Net: −$14.28
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: ApeX Omni: live order book, 43 min ago; Derive: no order-book sample. Net counts fees only.

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, 43 min ago	5.28 bp	10.3 bp −$10	31.3 bp −$313	doesn't fit	doesn't fit
Sell Derive no order-book sample	—	—	—	—	—

Derive: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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 −0.0195% / S +0.0371%	1h	802.78	+0.002%	$48K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	803.00	+0.029%	$4K	$1K	25x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	803.06	+0.036%	$3.0M	$30.0M	10x	as long as short
Kalshi KXBNBPERP	0.0000%	8h	803.30	+0.066%	$122K	$2.5M	4.8x	as long as short
StandX BNB-USD	0.0000%	1h	803.70	+0.116%	$869K	$3.0M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	802.91	+0.018%	$9.8M	—	150x	as long as short
Kraken Futures PF_BNBUSD	+0.0038%	1h	802.71	−0.008%	$2.5M	$910K	50x	as long as short
Variational Omni BNB	+0.0059%	8h	802.25	−0.064%	$4.1M	$5.3M	—	as long as short
BingX BNB-USDT	+0.0068%	8h	802.89	+0.015%	—	$34.6M	—	as long as short
Aster BNBUSDT	+0.0086%	8h	803.40	+0.078%	$6.3M	$18.8M	200x	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	+0.0088%	1h	803.99	+0.152%	$608K	$888K	50x	as long as short
Bybit BNBUSDT	+0.0089%	8h	802.30	−0.059%	$138.7M	$82.6M	75x	as long as short
Lighter BNB	+0.0096%	1h	802.79	+0.003%	$2.8M	$4.2M	20x	as long as short
Nado BNB-PERP	+0.0100%	1h	802.49	−0.035%	$1.4M	$2.8M	20x	as long as short
Pacifica BNB	+0.0100%	1h	802.91	+0.017%	$1.2M	$923K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	802.80	+0.004%	$54.9M	$115.1M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	803.00	+0.029%	$52K	$161K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	802.45	−0.040%	$35.9M	$58.3M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	802.76	−0.001%	$28.1M	$10.5M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	802.51	−0.032%	$79.0M	$24.5M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	803.30	+0.066%	$4.2M	$76.9M	30x	as long as short
ApeX Omni BNBUSDTlong	+0.0100%	1h	802.77	long leg	$158K	$437K	50x
Polymarket Perps BNB-USD	+0.0100%	1h	802.84	+0.009%	$118K	$868K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	802.76	−0.001%	$388K	$593K	50x	as long as short
Derive BNB-PERPshort	+0.0100%	1h	802.91	+0.017%	$32K	$5K	10x
SunX BNB-USDT	+0.0100%	8h	803.33	+0.070%	$13K	$1.7M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	802.80	+0.004%	$395K	$1.0M	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0100%	1h	803.24	+0.059%	$1.6M	$165K	25x	as long as short
HTX BNB-USDT	+0.0100%	8h	802.95	+0.022%	$8.2M	$7.4M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	803.51	+0.092%	$78K	$19K	50x	as long as short
MEXC BNB_USDT	+0.0102%	8h	803.90	+0.141%	$84.4M	$13.5M	200x	as long as short
Binance BNBUSDT	+0.0103%	8h	803.58	+0.101%	$518.3M	$803.5M	75x	as long as short
Extended BNB-USD	+0.0104%	1h	802.40	−0.046%	$1.9M	$6.1M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	803.02	+0.032%	$386K	$40K	10x	as long as short
Phemex BNBUSDT	+0.0119%	8h	803.35	+0.072%	$70.1M	$51.6M	50x	as long as short
Phoenix BNB	+0.0125%	1h	802.98	+0.026%	$173K	$35K	10x	as long as short
Hyperliquid BNB	+0.0156%	1h	803.53	+0.095%	$51.6M	$21.3M	10x	as long as short
Bulk BNB-USD	+0.0161%	1h	803.45	+0.085%	$649K	$11K	10x	as long as short
RISEx BNB/USDC	+0.0209%	1h	803.11	+0.042%	$1.1M	$1.4M	20x	as long as short
dYdX BNB-USD	+0.0221%	1h	803.00	+0.029%	$170K	$55K	10x	as long as short
BloFin BNB-USDT	+0.0222%	8h	803.39	+0.077%	$18.8M	$3.0M	75x	as long as short
Hibachi BNB/USDT-P	+0.0240%	1h	802.80	+0.004%	$71K	$48K	12x	as long as short
01 Exchange BNBUSD	+0.0312%	1h	803.59	+0.102%	$28K	$1K	10x	as long as short
Reya BNBRUSDPERP	+0.0335%	1h	802.69	−0.010%	$6K	$3K	40x	as long as short
Injective BNB/USDC PERP	+0.0353%	1h	804.92	+0.268%	$19K	$526K	30x	as long as short
Backpack BNB_USDC_PERP	+0.0697%	1h	803.77	+0.125%	$3.0M	$5.3M	40x	as long as short