Settings8H · net · $10k
Funding arb · Price arb /

BNB

all BNB markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.0206%/8h= +22.6% APRnext payment +$0.26 per $10,000 · paid last 24h −0.008%
Price spread now: Injective against ApeX Omni+0.736%7-day average −0.401% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days−0.249%−$25 on $10k
Price spread, last 3 days (all we have)−1.268%−$127 · spread now +0.736%, 7d avg −0.401%
Together, before fees−1.517%−$152 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 Injective is 1.136% dearer against ApeX Omni than usual: you sell high and buy low: +$114 more if the spread goes back to its 7-day average of −0.401%. Mind the row above: over the last 7 days funding on this pair cost −0.249%, so the current rate has only just turned in your favour.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni BNBUSDT799.210.0100pay 0.0013% / 1h2m 54s$161K$437K50x
ShortInjective BNB/USDC PERP805.090.0306get 0.0038% / 1h2m 54s$19K$789K30x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Injective 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
$43.29
Price spread: +0.736% → −0.401%
$113.64
Slippage, 4 orders
no order book: not counted
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee Injective: 0.01 bp × 2 orders
−$0.02
Net
$146.9
Costs to cover
0.100%
Break-even
from the start
Slippage unknown: ApeX Omni: live order book, 10 min ago; Injective: 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
LegHalf-spread$10k$100k$1M$5M
Buy ApeX Omni live order book, 10 min ago2.06 bp7.9 bp −$830.4 bp −$304doesn't fitdoesn't fit
Sell Injective no order-book sample
Injective: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GMX BNB/USD [WBTC.b-USDC]L −0.0201% / S +0.0372%1h799.10−0.014%$47K200xas long as short
Hotstuff BNB-PERP−0.0080%1h799.45+0.030%$4K$1K25xas long as short
Kraken Futures PF_BNBUSD−0.0074%1h799.16−0.006%$2.5M$975K50xas long as short
GRVT BNB_USDT_Perp0.0000%8h798.72−0.061%$3.0M$27.7M10xas long as short
StandX BNB-USD0.0000%1h799.91+0.088%$864K$2.9M30xas long as short
Variational Omni BNB+0.0007%8h797.54−0.209%$4.1M$5.4Mas long as short
gTrade (Gains Network) BNB/USDL +0.0008% / S −0.0007%1h799.20−0.001%$9.7M150xas long as short
BingX BNB-USDT+0.0030%8h799.11−0.013%$35.2Mas long as short
Bybit BNBUSDT+0.0038%8h798.80−0.051%$138.7M$77.0M75xas long as short
Coinbase International BNB-PERP-INTX+0.0072%1h798.68−0.066%$602K$986K50xas long as short
Show all 46 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster BNBUSDT+0.0078%8h799.59+0.047%$6.2M$19.2M200xas long as short
Phemex BNBUSDT+0.0094%8h799.57+0.045%$69.9M$50.6M50xas long as short
Lighter BNB+0.0096%1h799.34+0.016%$2.8M$4.1M20xas long as short
MEXC BNB_USDT+0.0099%8h799.70+0.061%$83.1M$13.6M200xas long as short
Binance BNBUSDT+0.0099%8h799.37+0.021%$497.6M$818.2M75xas long as short
Nado BNB-PERP+0.0100%1h798.95−0.033%$1.4M$2.7M20xas long as short
Pacifica BNB+0.0100%1h799.38+0.021%$1.2M$925K20xas long as short
OKX BNB-USDT-SWAP+0.0100%8h798.80−0.051%$54.4M$112.8M50xas long as short
Arcus BNB-USD+0.0100%1h799.40+0.024%$53K$133K10xas long as short
Gate BNB_USDT+0.0100%8h798.65−0.070%$35.7M$58.8M75xas long as short
KuCoin BNBUSDTM+0.0100%8h798.90−0.039%$28.0M$10.2M75xas long as short
Bitget BNBUSDT+0.0100%8h798.79−0.053%$78.9M$27.7M75xas long as short
edgeX BNBUSDC+0.0100%4h798.64−0.071%$4.1M$76.3M30xas long as short
ApeX Omni BNBUSDTlong+0.0100%1h799.21long leg$161K$437K50x
Polymarket Perps BNB-USD+0.0100%1h799.16−0.006%$116K$872K10xas long as short
Orderly PERP_BNB_USDC+0.0100%8h799.04−0.021%$386K$494K50xas long as short
Derive BNB-PERP+0.0100%1h799.23+0.003%$32K$5K10xas long as short
SunX BNB-USDT+0.0100%8h799.79+0.072%$13K$1.7M50xas long as short
SoDEX BNB-USD+0.0100%1h799.30+0.011%$393K$1.0M10xas long as short
Deribit BNB_USDC-PERPETUAL+0.0100%1h799.56+0.044%$1.6M$165K25xas long as short
HTX BNB-USDT+0.0100%8h799.54+0.042%$8.2M$8.1M75xas long as short
Paradex BNB-USD-PERP+0.0100%8h799.80+0.074%$78K$19K50xas long as short
Extended BNB-USD+0.0104%1h798.60−0.076%$1.8M$6.6M50xas long as short
Aevo BNB-PERP+0.0104%1h799.23+0.002%$384K$40K10xas long as short
Phoenix BNB+0.0127%1h798.37−0.105%$172K$36K10xas long as short
Hibachi BNB/USDT-P+0.0152%1h799.44+0.028%$70K$43K12xas long as short
Kalshi KXBNBPERP+0.0153%8h799.70+0.061%$90K$2.9M4.8xas long as short
Bulk BNB-USD+0.0191%1h798.83−0.048%$649K$17K10xas long as short
BloFin BNB-USDT+0.0219%8h799.70+0.061%$18.1M$2.5M75xas long as short
Hyperliquid BNB+0.0246%1h799.85+0.080%$52.5M$20.8M10xas long as short
RISEx BNB/USDC+0.0258%1h799.24+0.004%$1.1M$1.4M20xas long as short
01 Exchange BNBUSD+0.0264%1h799.73+0.065%$28K$1K10xas long as short
Injective BNB/USDC PERPshort+0.0306%1h805.09+0.736%$19K$789K30x
Backpack BNB_USDC_PERP+0.0328%1h799.43+0.028%$2.7M$5.7M40xas long as short
dYdX BNB-USD+0.0329%1h798.88−0.042%$161K$63K10xas long as short
Reya BNBRUSDPERP+0.0331%1h798.92−0.036%$6K$3K40xas long as short