Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.008%

Price spread now: GRVT against ApeX Omni+0.023%7-day average +0.020% · you sell dearer than you buy

Net, funding: paid 7d − costs−$31as in the Funding arb table

Net, price: spread back to 7d avg − costs−$30as in the Price arb table

costs, in and out, $10k−$310.306% of the position

Long on ApeX Omni Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days−0.001%$0 on $10k

Price spread, last 4 days (all we have)−0.064%−$6 · spread now +0.023%, 7d avg +0.020%

Together, before fees−0.065%+ Points / potential airdropGRVT: Active · farm board−$6 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.020%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni BNBUSDT	787.16	0.0100	pay 0.0013% / 1h	21m 21s	$158K	$444K	50x
Short	GRVT BNB_USDT_Perp	787.34	0	get 0.0000% / 8h	6h 21m	$3.0M	$26.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now +0.023%Rate

Funding earned: −$21
Price spread: +0.023% → +0.020%: $0.24
Slippage, 4 orders: −$11.56
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$51.32
Costs to cover: 0.306%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 29 min ago; GRVT: live order book, 6 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, 29 min ago	4.07 bp	10.0 bp −$10	31.9 bp −$319	doesn't fit	doesn't fit
Sell GRVT live order book, 6 min ago	0.06 bp	4.6 bp −$5	5.8 bp −$58	19.2 bp −$1,919	doesn't fit

BNB on 45 exchanges

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 −0.0166% / S +0.0336%	1h	786.89	−0.034%	$43K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	787.17	+0.001%	$4K	—	25x	as long as short
Aster BNBUSDT	0.0000%	8h	787.65	+0.062%	$5.9M	$17.4M	200x	as long as short
GRVT BNB_USDT_Perpshort	0.0000%	8h	787.34	+0.023%	$3.0M	$26.4M	10x
Kalshi KXBNBPERP	0.0000%	8h	787.40	+0.030%	$177K	$2.5M	4.8x	as long as short
StandX BNB-USD	0.0000%	1h	787.59	+0.055%	$849K	$2.8M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	787.33	+0.022%	$9.5M	—	150x	as long as short
MEXC BNB_USDT	+0.0020%	8h	788.80	+0.208%	$83.3M	$12.2M	200x	as long as short
Binance BNBUSDT	+0.0020%	8h	787.48	+0.041%	$481.8M	$783.7M	75x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.278%	$19K	$789K	30x	as long as short

Show all 45 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_BNBUSD	+0.0035%	1h	786.78	−0.049%	$2.5M	$1.3M	50x	as long as short
Bybit BNBUSDT	+0.0074%	8h	786.70	−0.058%	$138.6M	$68.6M	75x	as long as short
BloFin BNB-USDT	+0.0081%	8h	787.52	+0.046%	$17.6M	$2.2M	75x	as long as short
Phemex BNBUSDT	+0.0087%	8h	787.60	+0.056%	$68.5M	$51.1M	50x	as long as short
Phoenix BNB	+0.0094%	1h	787.39	+0.029%	$158K	$45K	10x	as long as short
Lighter BNB	+0.0096%	1h	787.43	+0.035%	$2.7M	$3.4M	20x	as long as short
Nado BNB-PERP	+0.0100%	1h	786.95	−0.027%	$1.4M	$2.5M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	787.75	+0.075%	$51.8M	$17.0M	10x	as long as short
Pacifica BNB	+0.0100%	1h	787.55	+0.049%	$1.2M	$940K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	786.70	−0.058%	$53.4M	$104.8M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	787.50	+0.043%	$57K	$122K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	786.95	−0.027%	$40.7M	$55.2M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	786.99	−0.022%	$28.2M	$9.7M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	786.73	−0.055%	$75.6M	$32.3M	75x	as long as short
BingX BNB-USDC	+0.0100%	8h	787.05	−0.014%	—	$13.4M	—	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	787.51	+0.044%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	786.29	−0.111%	$4.3M	$4.6M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	787.43	+0.034%	$4.1M	$75.4M	30x	as long as short
ApeX Omni BNBUSDTlong	+0.0100%	1h	787.16	long leg	$158K	$444K	50x
Polymarket Perps BNB-USD	+0.0100%	1h	787.26	+0.013%	$130K	$911K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	786.97	−0.024%	$264K	$300K	50x	as long as short
SunX BNB-USDT	+0.0100%	8h	787.47	+0.039%	$12K	$1.4M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	787.10	−0.008%	$387K	$928K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0100%	1h	787.24	+0.011%	$1.5M	$158K	25x	as long as short
HTX BNB-USDT	+0.0100%	8h	786.83	−0.042%	$8.0M	$10.2M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	787.83	+0.085%	$78K	$337K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	786.41	−0.095%	$1.8M	$5.8M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	786.92	−0.030%	$378K	$110K	10x	as long as short
Coinbase International BNB-PERP-INTX	+0.0136%	1h	786.42	−0.094%	$544K	$1.9M	50x	as long as short
Bulk BNB-USD	+0.0212%	1h	787.70	+0.069%	$638K	$0	10x	as long as short
01 Exchange BNBUSD	+0.0240%	1h	787.72	+0.071%	$28K	$3K	10x	as long as short
Reya BNBRUSDPERP	+0.0318%	1h	787.02	−0.018%	$6K	$3K	40x	as long as short
RISEx BNB/USDC	+0.0345%	1h	787.49	+0.042%	$1.1M	$910K	20x	as long as short
Hibachi BNB/USDT-P	+0.0352%	1h	787.39	+0.029%	$67K	$38K	12x	as long as short
dYdX BNB-USD	+0.0381%	1h	787.23	+0.009%	$158K	$38K	10x	as long as short