Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: KuCoin against ApeX Omni−0.060%82s7-day average −0.080% · you buy dearer than you sell

Net, funding: paid 7d − costs−$45as 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−$410.415% of the position

Long on ApeX Omni Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.033%−$3 on $10k

Price spread, last 4 days (all we have)−0.131%−$13 · spread now −0.060%, 7d avg −0.080%

Together, before fees−0.164%−$16 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: KuCoin is 0.021% dearer against ApeX Omni than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of −0.080%. The two prices were read 82 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	788.47	0.0100	pay 0.0013% / 1h	30m 03s	$159K	$442K	50x
Short	KuCoin BNBUSDTM	788.00	0.0100	get 0.0100% / 8h	3h 30m	$27.6M	$10.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.060%Rate

Funding earned: $0
Price spread: −0.060% → −0.080%: $2.08
Slippage, 4 orders: −$19.48
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$39.41
Costs to cover: 0.415%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 23 min ago; KuCoin: 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, 23 min ago	4.81 bp	10.6 bp −$11	32.1 bp −$321	doesn't fit	doesn't fit
Sell KuCoin live order book, 4 min ago	0.57 bp	9.1 bp −$9	20.6 bp −$206	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 −0.0192% / S +0.0356%	1h	788.19	−0.036%	$46K	—	200x	as long as short
Kraken Futures PF_BNBUSD	−0.0124%	1h	788.24	−0.029%	$2.5M	$1.2M	50x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	788.73	+0.033%	$4K	$42	25x	as long as short
StandX BNB-USD	0.0000%	1h	788.91	+0.056%	$851K	$3.1M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	788.17	−0.038%	$9.5M	—	150x	as long as short
Aster BNBUSDT	+0.0028%	8h	788.69	+0.028%	$6.1M	$18.8M	200x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.108%	$19K	$789K	30x	as long as short
BingX BNB-USDC	+0.0040%	8h	788.33	−0.018%	—	$13.4M	—	as long as short
MEXC BNB_USDT	+0.0048%	8h	789.10	+0.080%	$80.0M	$12.0M	200x	as long as short
Binance BNBUSDT	+0.0048%	8h	788.63	+0.020%	$491.8M	$798.8M	75x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex BNBUSDT	+0.0050%	8h	788.79	+0.041%	$69.0M	$50.6M	50x	as long as short
Coinbase International BNB-PERP-INTX	+0.0072%	1h	790.26	+0.227%	$580K	$1.9M	50x	as long as short
Phoenix BNB	+0.0092%	1h	788.43	−0.005%	$169K	$35K	10x	as long as short
Lighter BNB	+0.0096%	1h	788.39	−0.010%	$2.7M	$3.8M	20x	as long as short
dYdX BNB-USD	+0.0098%	1h	788.56	+0.011%	$160K	$64K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	788.26	−0.027%	$265K	$492K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	788.25	−0.028%	$1.5M	$2.6M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	788.80	+0.042%	$51.8M	$17.5M	10x	as long as short
Pacifica BNB	+0.0100%	1h	788.45	−0.002%	$1.2M	$931K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	788.00	−0.060%	$138.6M	$73.8M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	787.90	−0.072%	$53.5M	$111.7M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	788.40	−0.009%	$52K	$133K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	788.15	−0.041%	$35.8M	$57.5M	75x	as long as short
KuCoin BNBUSDTMshort	+0.0100%	8h	788.00	−0.060%	$27.6M	$10.3M	75x
Bitget BNBUSDT	+0.0100%	8h	787.97	−0.063%	$76.3M	$30.5M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	788.55	+0.010%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	788.21	−0.033%	$4.1M	$4.8M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	788.62	+0.019%	$4.1M	$73.9M	30x	as long as short
ApeX Omni BNBUSDTlong	+0.0100%	1h	788.47	long leg	$159K	$442K	50x
Polymarket Perps BNB-USD	+0.0100%	1h	788.11	−0.046%	$130K	$953K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	788.35	−0.015%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	788.81	+0.044%	$12K	$1.5M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	788.40	−0.009%	$388K	$1.0M	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	788.30	−0.022%	$8.1M	$9.6M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	788.43	−0.006%	$77K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	787.87	−0.076%	$1.9M	$6.3M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	788.28	−0.024%	$379K	$110K	10x	as long as short
Kalshi KXBNBPERP	+0.0124%	8h	789.10	+0.080%	$126K	$2.7M	4.8x	as long as short
BloFin BNB-USDT	+0.0169%	8h	788.97	+0.063%	$18.1M	$2.2M	75x	as long as short
GRVT BNB_USDT_Perp	+0.0174%	8h	789.08	+0.077%	$2.9M	$28.7M	10x	as long as short
Bulk BNB-USD	+0.0219%	1h	788.52	+0.006%	$639K	$9K	10x	as long as short
01 Exchange BNBUSD	+0.0240%	1h	788.78	+0.039%	$28K	$4K	10x	as long as short
Reya BNBRUSDPERP	+0.0325%	1h	787.94	−0.068%	$6K	$3K	40x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0400%	1h	788.75	+0.035%	$1.5M	$143K	25x	as long as short
Hibachi BNB/USDT-P	+0.0416%	1h	788.36	−0.014%	$67K	$39K	12x	as long as short
RISEx BNB/USDC	+0.0431%	1h	788.59	+0.015%	$1.1M	$893K	20x	as long as short