Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.006%

Price spread now: SoDEX against ApeX Omni−0.265%74s7-day average −0.040% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

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

Long on ApeX Omni Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.013%+$1 on $10k

Price spread, last 3 days (all we have)+0.231%+$23 · spread now −0.265%, 7d avg −0.040%

Together, before fees+0.243%+$24 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: SoDEX is 0.226% cheaper against ApeX Omni than usual: you would sell low and buy high, −$23 on $10k if it goes back to its 7-day average of −0.040%. The two prices were read 74 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	799.32	0.0100	pay 0.0013% / 1h	5m 46s	$161K	$436K	50x
Short	SoDEX BNB-USD	797.20	0.0100	get 0.0013% / 1h	5m 46s	$392K	$995K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now −0.265%Rate

Funding earned: $0
Price spread: −0.265% → −0.040%: −$22.57
Slippage, 4 orders: −$12.59
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$53.15
Costs to cover: 0.306%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 2 min ago; SoDEX: live order book, 18 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, 2 min ago	1.50 bp	7.3 bp −$7	29.3 bp −$293	doesn't fit	doesn't fit
Sell SoDEX live order book, 18 min ago	0.63 bp	4.9 bp −$5	8.6 bp −$86	81.8 bp −$8,184	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 −0.0159% / S +0.0335%	1h	796.96	−0.296%	$47K	—	200x	as long as short
Kraken Futures PF_BNBUSD	−0.0121%	1h	797.29	−0.254%	$2.5M	$1.0M	50x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	797.44	−0.235%	$4K	$239	25x	as long as short
Gate BNB_USDT	−0.0013%	8h	796.85	−0.309%	$35.8M	$57.1M	75x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	799.15	−0.021%	$3.0M	$27.9M	10x	as long as short
StandX BNB-USD	0.0000%	1h	797.80	−0.190%	$862K	$3.0M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	796.93	−0.299%	$9.7M	—	150x	as long as short
Variational Omni BNB	+0.0009%	8h	796.50	−0.352%	$4.1M	$5.1M	—	as long as short
Phemex BNBUSDT	+0.0020%	8h	797.53	−0.224%	$69.6M	$50.2M	50x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+0.722%	$19K	$789K	30x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster BNBUSDT	+0.0045%	8h	797.57	−0.219%	$6.1M	$19.5M	200x	as long as short
Coinbase International BNB-PERP-INTX	+0.0048%	1h	797.60	−0.215%	$610K	$1.1M	50x	as long as short
BingX BNB-USDC	+0.0057%	8h	797.38	−0.243%	—	$13.4M	—	as long as short
Binance BNBUSDT	+0.0070%	8h	797.71	−0.201%	$496.5M	$810.5M	75x	as long as short
MEXC BNB_USDT	+0.0071%	8h	798.10	−0.153%	$83.0M	$13.7M	200x	as long as short
Bybit BNBUSDT	+0.0074%	8h	797.00	−0.290%	$138.5M	$76.2M	75x	as long as short
Lighter BNB	+0.0096%	1h	797.39	−0.242%	$2.8M	$4.0M	20x	as long as short
Phoenix BNB	+0.0099%	1h	799.02	−0.038%	$172K	$36K	10x	as long as short
Nado BNB-PERP	+0.0100%	1h	796.95	−0.297%	$1.5M	$2.7M	20x	as long as short
Pacifica BNB	+0.0100%	1h	797.40	−0.240%	$1.2M	$930K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	797.10	−0.278%	$54.2M	$110.7M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	797.50	−0.228%	$52K	$127K	10x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	796.98	−0.293%	$27.9M	$10.0M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	796.81	−0.314%	$78.1M	$28.0M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	799.04	−0.035%	$4.2M	$76.0M	30x	as long as short
ApeX Omni BNBUSDTlong	+0.0100%	1h	799.32	long leg	$161K	$436K	50x
Polymarket Perps BNB-USD	+0.0100%	1h	796.73	−0.324%	$113K	$885K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	796.86	−0.308%	$385K	$459K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	797.05	−0.284%	$32K	$9K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	797.67	−0.206%	$13K	$1.6M	50x	as long as short
SoDEX BNB-USDshort	+0.0100%	1h	797.20	−0.265%	$392K	$995K	10x
HTX BNB-USDT	+0.0100%	8h	796.83	−0.311%	$8.2M	$8.4M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	797.88	−0.180%	$78K	$18K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	796.85	−0.309%	$1.8M	$6.0M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	796.95	−0.297%	$383K	$110K	10x	as long as short
Bulk BNB-USD	+0.0133%	1h	798.69	−0.079%	$649K	$10K	10x	as long as short
RISEx BNB/USDC	+0.0155%	1h	797.43	−0.237%	$1.1M	$1.4M	20x	as long as short
Kalshi KXBNBPERP	+0.0162%	8h	797.60	−0.215%	$89K	$2.8M	4.8x	as long as short
dYdX BNB-USD	+0.0187%	1h	796.86	−0.308%	$161K	$63K	10x	as long as short
BloFin BNB-USDT	+0.0191%	8h	797.85	−0.184%	$18.1M	$2.5M	75x	as long as short
01 Exchange BNBUSD	+0.0200%	1h	797.12	−0.275%	$28K	$1K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0200%	1h	797.40	−0.240%	$1.6M	$161K	25x	as long as short
Hyperliquid BNB	+0.0283%	1h	797.89	−0.179%	$53.0M	$20.1M	10x	as long as short
Reya BNBRUSDPERP	+0.0330%	1h	796.48	−0.355%	$6K	$3K	40x	as long as short
Hibachi BNB/USDT-P	+0.0368%	1h	797.68	−0.205%	$68K	$38K	12x	as long as short
Backpack BNB_USDC_PERP	+0.0427%	1h	797.89	−0.179%	$2.7M	$5.7M	40x	as long as short