BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0243%/8h= −26.6% APRnext payment −$0.30 per $10,000 · paid last 24h −0.037%

Price spread now: ApeX Omni against Backpack+0.013%7-day average +0.010% · you sell dearer than you buy

Net, funding: paid 7d − costs−$47as in the Funding arb table

Net, price: spread back to 7d avg − costs−$37as in the Price arb table

costs, in and out, $10k−$370.370% of the position

Long on Backpack Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−0.104%−$10 on $10k

Price spread, last 3 days (all we have)+0.042%+$4 · spread now +0.013%, 7d avg +0.010%

Together, before fees−0.062%−$6 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.010%, so right now this pair is about funding alone: −$7 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.104% in total (about -5.4% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.30 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack BNB_USDC_PERP	799.09	0.0343	pay 0.0043% / 1h	9m 19s	$2.7M	$5.7M	40x
Short	ApeX Omni BNBUSDT	799.19	0.0100	get 0.0013% / 1h	9m 19s	$161K	$438K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Backpack. 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 BackpackbpFee ApeX OmnibpOrdersPrice spread, now +0.013%Rate

Funding earned: −$51.06
Price spread: +0.013% → +0.010%: $0.22
Slippage, 4 orders: −$16.97
Fee Backpack: 5 bp × 2 orders: −$10
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$87.81
Costs to cover: 0.370%
Break-even: never at this rate

Slippage from Backpack: live order book, 5 min ago; ApeX Omni: live order book, 3 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 Backpack live order book, 5 min ago	0.06 bp	6.0 bp −$6	10.4 bp −$104	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 3 min ago	2.06 bp	18.0 bp −$18	39.1 bp −$391	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	798.38	−0.089%	$47K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	798.89	−0.025%	$4K	$1K	25x	as long as short
Kraken Futures PF_BNBUSD	−0.0074%	1h	798.18	−0.114%	$2.5M	$974K	50x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	798.45	−0.080%	$3.0M	$27.9M	10x	as long as short
StandX BNB-USD	0.0000%	1h	798.86	−0.029%	$863K	$2.9M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	798.41	−0.085%	$9.7M	—	150x	as long as short
Variational Omni BNB	+0.0008%	8h	797.53	−0.195%	$4.0M	$5.4M	—	as long as short
BingX BNB-USDT	+0.0033%	8h	798.43	−0.083%	—	$34.7M	—	as long as short
Bybit BNBUSDT	+0.0037%	8h	798.10	−0.124%	$138.5M	$76.8M	75x	as long as short
Coinbase International BNB-PERP-INTX	+0.0072%	1h	798.14	−0.119%	$601K	$984K	50x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster BNBUSDT	+0.0082%	8h	798.69	−0.050%	$6.2M	$19.1M	200x	as long as short
Lighter BNB	+0.0096%	1h	798.36	−0.091%	$2.8M	$4.1M	20x	as long as short
Phemex BNBUSDT	+0.0099%	8h	798.81	−0.035%	$69.9M	$50.6M	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	797.87	−0.152%	$1.4M	$2.7M	20x	as long as short
Pacifica BNB	+0.0100%	1h	798.36	−0.092%	$1.2M	$925K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	798.10	−0.124%	$54.3M	$112.6M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	798.40	−0.086%	$52K	$133K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	798.10	−0.124%	$35.7M	$58.5M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	798.11	−0.123%	$28.0M	$10.2M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	797.97	−0.140%	$79.0M	$27.5M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	798.97	−0.015%	$4.1M	$76.2M	30x	as long as short
ApeX Omni BNBUSDTshort	+0.0100%	1h	799.19	+0.013%	$161K	$438K	50x
Polymarket Perps BNB-USD	+0.0100%	1h	798.20	−0.111%	$116K	$874K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	798.24	−0.106%	$386K	$494K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	798.45	−0.080%	$32K	$5K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	798.85	−0.030%	$13K	$1.7M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	798.50	−0.074%	$393K	$1.0M	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	798.42	−0.084%	$8.2M	$8.0M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	798.68	−0.051%	$78K	$19K	50x	as long as short
Binance BNBUSDT	+0.0103%	8h	798.90	−0.024%	$497.6M	$817.8M	75x	as long as short
MEXC BNB_USDT	+0.0103%	8h	799.20	+0.014%	$83.0M	$13.6M	200x	as long as short
Extended BNB-USD	+0.0104%	1h	797.66	−0.179%	$1.7M	$6.5M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	798.44	−0.081%	$384K	$40K	10x	as long as short
Phoenix BNB	+0.0127%	1h	799.20	+0.014%	$172K	$36K	10x	as long as short
Kalshi KXBNBPERP	+0.0143%	8h	798.90	−0.024%	$90K	$2.9M	4.8x	as long as short
Hibachi BNB/USDT-P	+0.0160%	1h	798.59	−0.063%	$70K	$43K	12x	as long as short
Bulk BNB-USD	+0.0191%	1h	798.83	−0.033%	$649K	$17K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0200%	1h	798.80	−0.036%	$1.6M	$165K	25x	as long as short
BloFin BNB-USDT	+0.0224%	8h	798.50	−0.074%	$18.1M	$2.5M	75x	as long as short
Hyperliquid BNB	+0.0232%	1h	799.08	−0.001%	$52.4M	$20.8M	10x	as long as short
RISEx BNB/USDC	+0.0258%	1h	798.15	−0.117%	$1.1M	$1.4M	20x	as long as short
01 Exchange BNBUSD	+0.0272%	1h	798.61	−0.060%	$28K	$1K	10x	as long as short
Injective BNB/USDC PERP	+0.0306%	1h	805.09	+0.751%	$19K	$789K	30x	as long as short
Reya BNBRUSDPERP	+0.0331%	1h	797.79	−0.162%	$6K	$3K	40x	as long as short
dYdX BNB-USD	+0.0342%	1h	798.04	−0.132%	$161K	$63K	10x	as long as short
Backpack BNB_USDC_PERPlong	+0.0343%	1h	799.09	long leg	$2.7M	$5.7M	40x