Funding arb · Price arb /

BNB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.007%

Price spread now: ApeX Omni against Arcus+0.026%53s7-day average −0.032% · you sell dearer than you buy

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−$410.408% of the position

Long on Arcus Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.066%−$7 on $10k

Price spread, last 3 days (all we have)+0.016%+$2 · spread now +0.026%, 7d avg −0.032%

Together, before fees−0.050%−$5 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: ApeX Omni is 0.058% dearer against Arcus than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of −0.032%. The two prices were read 53 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	Arcus BNB-USD	806.90	0.0100	pay 0.0013% / 1h	38m 31s	$53K	$170K	10x
Short	ApeX Omni BNBUSDT	807.11	0.0100	get 0.0013% / 1h	38m 31s	$162K	$441K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Arcus. 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 ArcusbpFee ApeX OmnibpOrdersPrice spread, now +0.026%Rate

Funding earned: $0
Price spread: +0.026% → −0.032%: $5.83
Slippage, 4 orders: −$26.31
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$34.98
Costs to cover: 0.408%
Break-even: never at this rate

Slippage from Arcus: live order book, 45 min ago; ApeX Omni: live order book, 44 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 Arcus live order book, 45 min ago	6.20 bp	9.6 bp −$10	24.6 bp −$246	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 44 min ago	3.47 bp	8.5 bp −$8	28.9 bp −$289	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 −0.0201% / S +0.0372%	1h	806.20	−0.087%	$48K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	806.83	−0.009%	$4K	$1K	25x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	807.25	+0.043%	$3.0M	$29.1M	10x	as long as short
Kalshi KXBNBPERP	0.0000%	8h	807.30	+0.050%	$106K	$2.5M	4.8x	as long as short
StandX BNB-USD	0.0000%	1h	806.95	+0.006%	$872K	$2.8M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	806.39	−0.064%	$9.8M	—	150x	as long as short
Variational Omni BNB	+0.0044%	8h	806.56	−0.042%	$4.1M	$5.3M	—	as long as short
BingX BNB-USDC	+0.0059%	8h	806.48	−0.052%	—	$13.3M	—	as long as short
Bybit BNBUSDT	+0.0083%	8h	806.30	−0.074%	$139.7M	$81.1M	75x	as long as short
Lighter BNB	+0.0096%	1h	806.67	−0.029%	$2.8M	$4.2M	20x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hibachi BNB/USDT-P	+0.0096%	1h	807.09	+0.023%	$72K	$48K	12x	as long as short
Coinbase International BNB-PERP-INTX	+0.0096%	1h	805.54	−0.169%	$608K	$881K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	806.25	−0.081%	$1.5M	$2.7M	20x	as long as short
Pacifica BNB	+0.0100%	1h	806.62	−0.035%	$1.2M	$923K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	806.50	−0.050%	$55.1M	$116.0M	50x	as long as short
Arcus BNB-USDlong	+0.0100%	1h	806.90	long leg	$53K	$170K	10x
Gate BNB_USDT	+0.0100%	8h	806.25	−0.081%	$36.1M	$57.6M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	806.30	−0.074%	$28.2M	$10.5M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	806.03	−0.108%	$78.8M	$25.0M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	807.43	+0.066%	$4.2M	$76.5M	30x	as long as short
ApeX Omni BNBUSDTshort	+0.0100%	1h	807.11	+0.026%	$162K	$441K	50x
Polymarket Perps BNB-USD	+0.0100%	1h	806.22	−0.084%	$116K	$870K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	806.25	−0.081%	$390K	$592K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	806.52	−0.047%	$32K	$5K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	806.97	+0.008%	$13K	$1.7M	50x	as long as short
HTX BNB-USDT	+0.0100%	8h	806.57	−0.041%	$8.2M	$7.7M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	807.10	+0.025%	$79K	$19K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	806.11	−0.098%	$1.9M	$5.9M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	806.50	−0.049%	$387K	$40K	10x	as long as short
Aster BNBUSDT	+0.0107%	8h	807.07	+0.021%	$6.4M	$18.8M	200x	as long as short
MEXC BNB_USDT	+0.0121%	8h	807.50	+0.074%	$84.8M	$13.4M	200x	as long as short
Binance BNBUSDT	+0.0122%	8h	807.23	+0.041%	$521.1M	$803.7M	75x	as long as short
Phemex BNBUSDT	+0.0133%	8h	806.87	−0.004%	$70.4M	$51.7M	50x	as long as short
Phoenix BNB	+0.0155%	1h	807.20	+0.037%	$173K	$35K	10x	as long as short
SoDEX BNB-USD	+0.0184%	1h	806.40	−0.062%	$397K	$1.0M	10x	as long as short
dYdX BNB-USD	+0.0193%	1h	806.57	−0.041%	$163K	$63K	10x	as long as short
Kraken Futures PF_BNBUSD	+0.0205%	1h	806.38	−0.065%	$2.5M	$929K	50x	as long as short
Hyperliquid BNB	+0.0221%	1h	807.22	+0.040%	$52.0M	$21.8M	10x	as long as short
BloFin BNB-USDT	+0.0242%	8h	806.92	+0.002%	$18.8M	$2.6M	75x	as long as short
Bulk BNB-USD	+0.0295%	1h	807.66	+0.094%	$652K	$14K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	806.73	−0.021%	$1.6M	$165K	25x	as long as short
Injective BNB/USDC PERP	+0.0311%	1h	805.09	−0.224%	$19K	$789K	30x	as long as short
RISEx BNB/USDC	+0.0318%	1h	806.79	−0.013%	$1.1M	$1.4M	20x	as long as short
Reya BNBRUSDPERP	+0.0333%	1h	805.94	−0.118%	$6K	$3K	40x	as long as short
01 Exchange BNBUSD	+0.0360%	1h	807.29	+0.048%	$29K	$1K	10x	as long as short
Backpack BNB_USDC_PERP	+0.0699%	1h	807.41	+0.063%	$3.0M	$5.5M	40x	as long as short