Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: SunX against ApeX Omni+0.224%7-day average +0.013% · you sell dearer than you buy

Net, funding: paid 7d − costs−$66as in the Funding arb table

Net, price: spread back to 7d avg − costs−$45as in the Price arb table

costs, in and out, $10k−$660.664% of the position

Long on ApeX Omni Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)−0.252%−$25 · spread now +0.224%, 7d avg +0.013%

Together, before fees−0.252%−$25 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: SunX is 0.211% dearer against ApeX Omni than usual: you sell high and buy low, +$21 on $10k if it goes back to its 7-day average of +0.013%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni BNBUSDT	784.85	0.0100	pay 0.0013% / 1h	37m 02s	$158K	$438K	50x
Short	SunX BNB-USDT	786.61	0.0100	get 0.0100% / 8h	2h 37m	$12K	$1.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.224%Rate

Funding earned: $0
Price spread: +0.224% → +0.013%: $21.13
Slippage, 4 orders: −$48.36
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: −$45.23
Costs to cover: 0.664%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 10 min ago; SunX: live order book, 8 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, 10 min ago	5.15 bp	10.9 bp −$11	32.9 bp −$329	doesn't fit	doesn't fit
Sell SunX live order book, 8 min ago	15.06 bp	23.6 bp −$24	31.1 bp −$311	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	785.94	+0.139%	$46K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	786.04	+0.152%	$4K	$42	25x	as long as short
StandX BNB-USD	0.0000%	1h	785.79	+0.120%	$847K	$3.0M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	785.96	+0.142%	$9.5M	—	150x	as long as short
Aster BNBUSDT	+0.0028%	8h	786.88	+0.259%	$6.1M	$19.0M	200x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.579%	$19K	$789K	30x	as long as short
BingX BNB-USDC	+0.0041%	8h	786.15	+0.166%	—	$13.4M	—	as long as short
Phemex BNBUSDT	+0.0047%	8h	786.75	+0.242%	$68.8M	$50.6M	50x	as long as short
MEXC BNB_USDT	+0.0051%	8h	787.10	+0.287%	$79.8M	$11.8M	200x	as long as short
Binance BNBUSDT	+0.0051%	8h	786.90	+0.261%	$489.9M	$809.0M	75x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_BNBUSD	+0.0069%	1h	786.08	+0.157%	$2.5M	$1.2M	50x	as long as short
Coinbase International BNB-PERP-INTX	+0.0080%	1h	786.23	+0.176%	$576K	$1.9M	50x	as long as short
Lighter BNB	+0.0096%	1h	786.42	+0.200%	$2.7M	$3.8M	20x	as long as short
dYdX BNB-USD	+0.0097%	1h	785.77	+0.118%	$159K	$61K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	786.11	+0.161%	$264K	$490K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	785.80	+0.121%	$1.4M	$2.7M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	786.67	+0.232%	$51.6M	$17.5M	10x	as long as short
Pacifica BNB	+0.0100%	1h	786.11	+0.161%	$1.2M	$933K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	786.23	+0.176%	$138.1M	$74.5M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	786.20	+0.172%	$53.3M	$112.1M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	786.10	+0.159%	$52K	$129K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	786.20	+0.172%	$36.3M	$58.3M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	785.95	+0.140%	$27.5M	$10.2M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	786.08	+0.157%	$76.1M	$30.8M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	786.57	+0.219%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	784.43	−0.054%	$4.1M	$4.6M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	784.75	−0.013%	$4.1M	$74.9M	30x	as long as short
ApeX Omni BNBUSDTlong	+0.0100%	1h	784.85	long leg	$158K	$438K	50x
Polymarket Perps BNB-USD	+0.0100%	1h	785.76	+0.116%	$131K	$952K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	786.27	+0.181%	$31K	$12K	10x	as long as short
SunX BNB-USDTshort	+0.0100%	8h	786.61	+0.224%	$12K	$1.5M	50x
SoDEX BNB-USD	+0.0100%	1h	786.40	+0.197%	$387K	$995K	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	785.75	+0.114%	$8.0M	$9.9M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	786.25	+0.178%	$76K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	786.05	+0.153%	$1.8M	$6.4M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	786.19	+0.171%	$378K	$110K	10x	as long as short
Phoenix BNB	+0.0107%	1h	785.21	+0.046%	$169K	$35K	10x	as long as short
Kalshi KXBNBPERP	+0.0135%	8h	786.20	+0.172%	$141K	$2.7M	4.8x	as long as short
BloFin BNB-USDT	+0.0171%	8h	786.75	+0.242%	$17.8M	$2.2M	75x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0200%	1h	786.55	+0.217%	$1.5M	$143K	25x	as long as short
GRVT BNB_USDT_Perp	+0.0202%	8h	784.74	−0.014%	$2.9M	$29.3M	10x	as long as short
Bulk BNB-USD	+0.0256%	1h	786.23	+0.176%	$637K	$10K	10x	as long as short
01 Exchange BNBUSD	+0.0288%	1h	786.54	+0.215%	$28K	$4K	10x	as long as short
Reya BNBRUSDPERP	+0.0323%	1h	785.77	+0.117%	$6K	$3K	40x	as long as short
RISEx BNB/USDC	+0.0432%	1h	786.20	+0.172%	$1.1M	$909K	20x	as long as short
Hibachi BNB/USDT-P	+0.0480%	1h	784.96	+0.014%	$67K	$39K	12x	as long as short