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

BNB

all BNB markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC+0.0031%/8h= +3.4% APRpaid last 24h −0.001%
Price spread now: ApeX Omni against Aster−0.046%7-day average −0.017% · you buy dearer than you sell
Net, funding: paid 7d − costs−$28as in the Funding arb table
Net, price: spread back to 7d avg − costs−$39as in the Price arb table
costs, in and out, $10k−$360.357% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.079%+$8 on $10k
Price spread, last 3 days (all we have)+0.061%+$6 · spread now −0.046%, 7d avg −0.017%
Together, before fees+0.139%+ Points / potential airdropAster: Stage 5 · farm board+$14 on $10k · with fees, hour by hour
Funding pays, the price is against you. ApeX Omni is 0.029% cheaper against Aster than usual: you would sell low and buy high (spread −0.046% now, against its 7-day average of −0.017%). If the spread goes back, that is −$3 on $10k: about 3.1 days of funding at the current rate (+$1 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster BNBUSDT799.570.0069pay 0.0069% / 8h7h 41m$6.2M$19.2M200x
ShortApeX Omni BNBUSDT799.200.0100get 0.0013% / 1h41m 28s$161K$435K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against Aster. 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
$6.6
Price spread: −0.046% → −0.017%
−$2.94
Slippage, 4 orders
−$17.66
Fee Aster: 4 bp × 2 orders
−$8
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
−$32
Costs to cover
0.357%
Break-even
40.9 days
Slippage from Aster: live order book, 2 min ago; ApeX Omni: live order book, 31 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 Aster live order book, 2 min ago0.06 bp5.7 bp −$66.6 bp −$6619.7 bp −$1,972doesn't fit
Sell ApeX Omni live order book, 31 min ago2.06 bp18.0 bp −$1839.1 bp −$391doesn't fitdoesn't fit

BNB on 46 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 −0.0201% / S +0.0372%1h799.14−0.054%$47K200xas long as short
Kraken Futures PF_BNBUSD−0.0120%1h799.70+0.017%$2.5M$978K50xas long as short
BingX BNB-USDT−0.0094%8h799.15−0.053%$35.2Mas long as short
Hotstuff BNB-PERP−0.0080%1h799.40−0.021%$4K$23925xas long as short
Bybit BNBUSDT−0.0065%8h798.90−0.084%$138.7M$76.4M75xas long as short
GRVT BNB_USDT_Perp0.0000%8h799.99+0.052%$3.0M$27.6M10xas long as short
StandX BNB-USD0.0000%1h800.60+0.129%$865K$2.9M30xas long as short
Phemex BNBUSDT0.0000%8h800.18+0.076%$69.9M$50.5M50xas long as short
Variational Omni BNB+0.0006%8h797.73−0.231%$4.1M$5.4Mas long as short
gTrade (Gains Network) BNB/USDL +0.0008% / S −0.0007%1h799.11−0.058%$9.7M150xas long as short
Show all 46 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective BNB/USDC PERP+0.0033%1h805.09+0.690%$19K$789K30xas long as short
Coinbase International BNB-PERP-INTX+0.0048%1h798.00−0.196%$601K$979K50xas long as short
Aster BNBUSDTlong+0.0069%8h799.57long leg$6.2M$19.2M200x
Gate BNB_USDT+0.0069%8h798.90−0.084%$35.7M$56.0M75xas long as short
Binance BNBUSDT+0.0089%8h799.63+0.008%$496.4M$811.4M75xas long as short
MEXC BNB_USDT+0.0089%8h800.00+0.054%$83.1M$13.5M200xas long as short
Lighter BNB+0.0096%1h799.13−0.055%$2.8M$4.0M20xas long as short
Phoenix BNB+0.0099%1h798.69−0.110%$172K$36K10xas long as short
Nado BNB-PERP+0.0100%1h798.95−0.078%$1.5M$2.7M20xas long as short
Pacifica BNB+0.0100%1h799.23−0.043%$1.2M$925K20xas long as short
OKX BNB-USDT-SWAP+0.0100%8h798.80−0.096%$54.1M$111.0M50xas long as short
Arcus BNB-USD+0.0100%1h799.40−0.021%$53K$133K10xas long as short
KuCoin BNBUSDTM+0.0100%8h798.94−0.079%$28.0M$10.0M75xas long as short
Bitget BNBUSDT+0.0100%8h798.79−0.098%$78.8M$27.5M75xas long as short
edgeX BNBUSDC+0.0100%4h799.75+0.023%$4.2M$76.2M30xas long as short
ApeX Omni BNBUSDTshort+0.0100%1h799.20−0.046%$161K$435K50x
Polymarket Perps BNB-USD+0.0100%1h799.06−0.064%$118K$871K10xas long as short
Orderly PERP_BNB_USDC+0.0100%8h799.18−0.049%$386K$459K50xas long as short
Derive BNB-PERP+0.0100%1h799.92+0.044%$32K$5K10xas long as short
SunX BNB-USDT+0.0100%8h800.34+0.096%$13K$1.7M50xas long as short
SoDEX BNB-USD+0.0100%1h799.90+0.041%$393K$1.0M10xas long as short
HTX BNB-USDT+0.0100%8h799.88+0.039%$8.2M$8.1M75xas long as short
Paradex BNB-USD-PERP+0.0100%8h799.77+0.025%$78K$18K50xas long as short
Extended BNB-USD+0.0104%1h798.48−0.136%$1.8M$6.5M50xas long as short
Aevo BNB-PERP+0.0104%1h799.80+0.029%$384K$108K10xas long as short
Bulk BNB-USD+0.0118%1h798.39−0.147%$648K$11K10xas long as short
Hibachi BNB/USDT-P+0.0136%1h799.97+0.050%$70K$36K12xas long as short
RISEx BNB/USDC+0.0155%1h799.07−0.063%$1.1M$1.4M20xas long as short
Kalshi KXBNBPERP+0.0159%8h799.90+0.041%$90K$2.8M4.8xas long as short
Deribit BNB_USDC-PERPETUAL+0.0200%1h800.25+0.085%$1.6M$160K25xas long as short
BloFin BNB-USDT+0.0210%8h800.10+0.066%$18.1M$2.5M75xas long as short
01 Exchange BNBUSD+0.0216%1h799.63+0.008%$28K$1K10xas long as short
dYdX BNB-USD+0.0291%1h799.47−0.012%$161K$63K10xas long as short
Hyperliquid BNB+0.0321%1h799.87+0.038%$53.1M$20.9M10xas long as short
Reya BNBRUSDPERP+0.0330%1h798.70−0.109%$6K$3K40xas long as short
Backpack BNB_USDC_PERP+0.0406%1h800.44+0.109%$2.7M$5.7M40xas long as short