Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: OKX against ApeX Omni+0.013%7-day average −0.090% · you sell dearer than you buy

Net, funding: paid 7d − costs−$38as in the Funding arb table

Net, price: spread back to 7d avg − costs−$23as in the Price arb table

costs, in and out, $10k−$340.337% of the position

Long on ApeX Omni Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.039%−$4 on $10k

Price spread, last 4 days (all we have)−0.370%−$37 · spread now +0.013%, 7d avg −0.090%

Together, before fees−0.409%−$41 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: OKX is 0.103% dearer against ApeX Omni than usual: you sell high and buy low, +$10 on $10k if it goes back to its 7-day average of −0.090%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni BNBUSDT	788.10	0.0100	pay 0.0013% / 1h	10m 51s	$159K	$439K	50x
Short	OKX BNB-USDT-SWAP	788.20	0.0100	get 0.0100% / 8h	7h 10m	$53.7M	$108.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.013%Rate

Funding earned: $0
Price spread: +0.013% → −0.090%: $10.29
Slippage, 4 orders: −$13.66
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: −$23.37
Costs to cover: 0.337%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 22 min ago; OKX: live order book, 3 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, 22 min ago	5.29 bp	10.3 bp −$10	32.5 bp −$325	doesn't fit	doesn't fit
Sell OKX live order book, 3 min ago	0.63 bp	6.9 bp −$7	8.7 bp −$87	21.2 bp −$2,122	doesn't fit

BNB on 45 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 −0.0166% / S +0.0336%	1h	788.53	+0.055%	$43K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	788.11	+0.001%	$4K	—	25x	as long as short
Kraken Futures PF_BNBUSD	−0.0021%	1h	788.68	+0.073%	$2.5M	$1.2M	50x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	788.94	+0.106%	$3.0M	$26.6M	10x	as long as short
StandX BNB-USD	0.0000%	1h	788.85	+0.095%	$851K	$2.7M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	788.53	+0.055%	$9.5M	—	150x	as long as short
Aster BNBUSDT	+0.0014%	8h	789.20	+0.139%	$6.0M	$17.9M	200x	as long as short
BingX BNB-USDC	+0.0028%	8h	788.67	+0.072%	—	$13.4M	—	as long as short
Binance BNBUSDT	+0.0033%	8h	789.06	+0.122%	$485.8M	$799.9M	75x	as long as short
MEXC BNB_USDT	+0.0033%	8h	790.40	+0.292%	$82.9M	$12.4M	200x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.156%	$19K	$789K	30x	as long as short
Lighter BNB	+0.0096%	1h	788.77	+0.085%	$2.7M	$3.7M	20x	as long as short
Nado BNB-PERP	+0.0100%	1h	788.45	+0.044%	$1.4M	$2.6M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	789.47	+0.174%	$51.9M	$17.5M	10x	as long as short
Pacifica BNB	+0.0100%	1h	788.97	+0.110%	$1.2M	$936K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	788.20	+0.013%	$138.9M	$71.2M	75x	as long as short
OKX BNB-USDT-SWAPshort	+0.0100%	8h	788.20	+0.013%	$53.7M	$108.6M	50x
Arcus BNB-USD	+0.0100%	1h	788.90	+0.102%	$52K	$124K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	788.70	+0.076%	$39.9M	$56.6M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	788.25	+0.019%	$27.9M	$9.7M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	788.18	+0.010%	$75.8M	$32.4M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	789.22	+0.142%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	788.74	+0.081%	$4.3M	$5.0M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	789.02	+0.117%	$4.1M	$76.8M	30x	as long as short
ApeX Omni BNBUSDTlong	+0.0100%	1h	788.10	long leg	$159K	$439K	50x
Polymarket Perps BNB-USD	+0.0100%	1h	788.33	+0.029%	$130K	$917K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	788.57	+0.060%	$265K	$304K	50x	as long as short
SunX BNB-USDT	+0.0100%	8h	789.14	+0.132%	$12K	$1.5M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	788.80	+0.089%	$388K	$939K	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	788.88	+0.099%	$8.1M	$10.2M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	789.18	+0.137%	$78K	$47K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	788.20	+0.013%	$1.8M	$5.8M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	788.61	+0.065%	$379K	$110K	10x	as long as short
Kalshi KXBNBPERP	+0.0106%	8h	788.90	+0.102%	$159K	$2.6M	4.8x	as long as short
Phemex BNBUSDT	+0.0115%	8h	789.17	+0.136%	$68.7M	$51.4M	50x	as long as short
Coinbase International BNB-PERP-INTX	+0.0120%	1h	788.70	+0.076%	$551K	$2.0M	50x	as long as short
Phoenix BNB	+0.0120%	1h	789.48	+0.175%	$159K	$38K	10x	as long as short
BloFin BNB-USDT	+0.0130%	8h	789.18	+0.137%	$17.7M	$2.3M	75x	as long as short
Bulk BNB-USD	+0.0154%	1h	788.26	+0.020%	$639K	$0	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0200%	1h	789.06	+0.122%	$1.5M	$138K	25x	as long as short
01 Exchange BNBUSD	+0.0232%	1h	789.12	+0.129%	$28K	$3K	10x	as long as short
dYdX BNB-USD	+0.0243%	1h	788.17	+0.009%	$158K	$63K	10x	as long as short
Reya BNBRUSDPERP	+0.0319%	1h	788.30	+0.026%	$6K	$3K	40x	as long as short
RISEx BNB/USDC	+0.0355%	1h	788.95	+0.108%	$1.1M	$888K	20x	as long as short
Hibachi BNB/USDT-P	+0.0424%	1h	788.36	+0.033%	$67K	$39K	12x	as long as short