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

BNB

all BNB markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 09:00 UTC+0.0255%/8h= +27.9% APRnext payment +$0.32 per $10,000 · paid last 24h +0.041%
Price spread now: RISEx against ApeX Omni−0.001%7-day average −0.043% · you buy dearer than you sell
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$24as in the Price arb table
costs, in and out, $10k−$290.287% of the position
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)+0.131%+$13 on $10k
Price spread, last 4 days (all we have)−0.282%−$28 · spread now −0.001%, 7d avg −0.043%
Together, before fees−0.151%−$15 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and RISEx is 0.042% dearer against ApeX Omni than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.043%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni BNBUSDT788.390.0100pay 0.0013% / 1h2m 02s$159K$440K50x
ShortRISEx BNB/USDC788.380.0355get 0.0044% / 1h2m 02s$1.1M$890K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

RISEx 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
$53.45
Price spread: −0.001% → −0.043%
$4.17
Slippage, 4 orders
−$12.67
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee RISEx: 3 bp × 2 orders
−$6
Net
$28.96
Costs to cover
0.287%
Break-even
3.2 days
Slippage from ApeX Omni: live order book, 30 min ago; RISEx: live order book, 2 min ago.

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, 30 min ago5.29 bp10.3 bp −$1032.5 bp −$325doesn't fitdoesn't fit
Sell RISEx live order book, 2 min ago0.76 bp3.8 bp −$46.7 bp −$67doesn't fitdoesn't fit

BNB on 45 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 −0.0166% / S +0.0336%1h787.31−0.137%$43K200xas long as short
Hotstuff BNB-PERP−0.0080%1h788.40+0.001%$4K25xas long as short
Kraken Futures PF_BNBUSD−0.0021%1h787.35−0.133%$2.5M$1.2M50xas long as short
GRVT BNB_USDT_Perp0.0000%8h788.32−0.009%$2.9M$26.5M10xas long as short
StandX BNB-USD0.0000%1h788.93+0.068%$851K$2.8M30xas long as short
gTrade (Gains Network) BNB/USDL +0.0007% / S −0.0007%1h787.41−0.124%$9.5M150xas long as short
Aster BNBUSDT+0.0010%8h787.95−0.056%$6.0M$17.7M200xas long as short
BingX BNB-USDT+0.0023%8h787.64−0.095%$22.2Mas long as short
Binance BNBUSDT+0.0029%8h787.89−0.064%$483.9M$797.7M75xas long as short
MEXC BNB_USDT+0.0029%8h789.20+0.103%$83.0M$12.5M200xas long as short
Show all 45 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective BNB/USDC PERP+0.0033%1h805.09+2.118%$19K$789K30xas long as short
Phemex BNBUSDT+0.0083%8h788.02−0.047%$68.5M$51.4M50xas long as short
Lighter BNB+0.0096%1h787.53−0.109%$2.7M$3.7M20xas long as short
Nado BNB-PERP+0.0100%1h787.80−0.075%$1.4M$2.5M20xas long as short
Hyperliquid BNB+0.0100%1h788.14−0.032%$51.8M$17.3M10xas long as short
Pacifica BNB+0.0100%1h788.28−0.014%$1.2M$936K20xas long as short
Bybit BNBUSDT+0.0100%8h787.29−0.140%$138.8M$70.9M75xas long as short
OKX BNB-USDT-SWAP+0.0100%8h787.30−0.138%$53.7M$107.8M50xas long as short
Arcus BNB-USD+0.0100%1h788.10−0.037%$52K$124K10xas long as short
Gate BNB_USDT+0.0100%8h787.45−0.119%$39.8M$57.1M75xas long as short
KuCoin BNBUSDTM+0.0100%8h787.23−0.147%$27.8M$9.7M75xas long as short
Bitget BNBUSDT+0.0100%8h787.13−0.160%$75.7M$32.1M75xas long as short
Backpack BNB_USDC_PERP+0.0100%1h787.84−0.070%$2.2M$6.1M40xas long as short
Variational Omni BNB+0.0100%8h787.82−0.072%$4.3M$4.9Mas long as short
edgeX BNBUSDC+0.0100%4h788.37−0.002%$4.1M$77.3M30xas long as short
ApeX Omni BNBUSDTlong+0.0100%1h788.39long leg$159K$440K50x
Polymarket Perps BNB-USD+0.0100%1h787.58−0.103%$130K$917K10xas long as short
Orderly PERP_BNB_USDC+0.0100%8h787.47−0.117%$264K$304K50xas long as short
SunX BNB-USDT+0.0100%8h787.99−0.051%$12K$1.4M50xas long as short
SoDEX BNB-USD+0.0100%1h787.50−0.113%$387K$939K10xas long as short
HTX BNB-USDT+0.0100%8h787.89−0.063%$8.0M$10.2M75xas long as short
Paradex BNB-USD-PERP+0.0100%8h788.46+0.008%$88K$192K50xas long as short
Kalshi KXBNBPERP+0.0104%8h788.30−0.011%$161K$2.6M4.8xas long as short
Extended BNB-USD+0.0104%1h787.04−0.171%$1.8M$5.8M50xas long as short
Aevo BNB-PERP+0.0104%1h787.34−0.133%$378K$110K10xas long as short
BloFin BNB-USDT+0.0117%8h788.60+0.027%$17.6M$2.3M75xas long as short
Coinbase International BNB-PERP-INTX+0.0120%1h788.70+0.039%$551K$2.0M50xas long as short
Phoenix BNB+0.0120%1h788.52+0.016%$158K$38K10xas long as short
Bulk BNB-USD+0.0150%1h788.74+0.044%$639K$010xas long as short
Deribit BNB_USDC-PERPETUAL+0.0200%1h787.86−0.067%$1.5M$138K25xas long as short
01 Exchange BNBUSD+0.0224%1h788.17−0.028%$28K$3K10xas long as short
dYdX BNB-USD+0.0290%1h788.17−0.028%$158K$63K10xas long as short
Reya BNBRUSDPERP+0.0318%1h787.09−0.165%$6K$3K40xas long as short
RISEx BNB/USDCshort+0.0355%1h788.38−0.001%$1.1M$890K20x
Hibachi BNB/USDT-P+0.0424%1h788.33−0.008%$67K$39K12xas long as short