Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0043%/8h= +4.7% APRpaid last 24h −0.003%

Price spread now: ApeX Omni against Binance−0.010%7-day average −0.015% · you buy dearer than you sell

Net, funding: paid 7d − costs−$25as in the Funding arb table

Net, price: spread back to 7d avg − costs−$31as in the Price arb table

costs, in and out, $10k−$310.314% of the position

Long on Binance Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.060%+$6 on $10k

Price spread, last 4 days (all we have)+0.031%+$3 · spread now −0.010%, 7d avg −0.015%

Together, before fees+0.091%+$9 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.015%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance BNBUSDT	785.00	0.0057	pay 0.0057% / 8h	2h 23m	$489.1M	$811.5M	75x
Short	ApeX Omni BNBUSDT	784.92	0.0100	get 0.0013% / 1h	23m 21s	$158K	$439K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Binance. 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 BinancebpFee ApeX OmnibpOrdersPrice spread, now −0.010%Rate

Funding earned: $9.02
Price spread: −0.010% → −0.015%: $0.47
Slippage, 4 orders: −$11.43
Fee Binance: 5 bp × 2 orders: −$10
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$21.94
Costs to cover: 0.314%
Break-even: 24.0 days

Slippage from Binance: live order book, 6 min ago; ApeX Omni: live order book, 24 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 Binance live order book, 6 min ago	0.06 bp	5.1 bp −$5	6.5 bp −$65	16.7 bp −$1,670	doesn't fit
Sell ApeX Omni live order book, 24 min ago	5.15 bp	10.4 bp −$10	31.9 bp −$319	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	784.16	−0.107%	$46K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	785.14	+0.018%	$4K	$42	25x	as long as short
StandX BNB-USD	0.0000%	1h	785.63	+0.080%	$847K	$3.0M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	784.30	−0.089%	$9.5M	—	150x	as long as short
Aster BNBUSDT	+0.0033%	8h	785.04	+0.005%	$6.1M	$19.0M	200x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.559%	$19K	$789K	30x	as long as short
BingX BNB-USDT	+0.0042%	8h	784.52	−0.061%	—	$22.1M	—	as long as short
Phemex BNBUSDT	+0.0051%	8h	785.01	+0.001%	$68.7M	$50.5M	50x	as long as short
MEXC BNB_USDT	+0.0056%	8h	785.20	+0.026%	$80.2M	$12.0M	200x	as long as short
Binance BNBUSDTlong	+0.0057%	8h	785.00	long leg	$489.1M	$811.5M	75x

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	784.31	−0.088%	$2.5M	$1.2M	50x	as long as short
Coinbase International BNB-PERP-INTX	+0.0080%	1h	784.62	−0.048%	$567K	$1.9M	50x	as long as short
Lighter BNB	+0.0096%	1h	784.58	−0.053%	$2.7M	$3.8M	20x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	784.42	−0.074%	$264K	$489K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	784.30	−0.089%	$1.4M	$2.7M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	784.96	−0.005%	$51.4M	$17.6M	10x	as long as short
Pacifica BNB	+0.0100%	1h	784.84	−0.020%	$1.2M	$933K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	784.30	−0.089%	$137.7M	$74.7M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	784.20	−0.102%	$53.3M	$112.3M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	784.70	−0.038%	$52K	$129K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	784.40	−0.076%	$36.5M	$58.9M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	784.02	−0.125%	$27.6M	$10.2M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	784.03	−0.123%	$75.9M	$31.0M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	785.15	+0.019%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	783.72	−0.163%	$4.0M	$4.8M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	784.31	−0.088%	$4.1M	$75.2M	30x	as long as short
ApeX Omni BNBUSDTshort	+0.0100%	1h	784.92	−0.010%	$158K	$439K	50x
Polymarket Perps BNB-USD	+0.0100%	1h	784.28	−0.092%	$131K	$951K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	784.51	−0.062%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	784.95	−0.006%	$12K	$1.5M	50x	as long as short
HTX BNB-USDT	+0.0100%	8h	784.93	−0.009%	$8.0M	$10.0M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	784.96	−0.005%	$76K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	784.08	−0.116%	$1.8M	$6.2M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	784.49	−0.065%	$377K	$110K	10x	as long as short
SoDEX BNB-USD	+0.0105%	1h	784.50	−0.064%	$386K	$993K	10x	as long as short
Phoenix BNB	+0.0107%	1h	784.35	−0.083%	$169K	$35K	10x	as long as short
Kalshi KXBNBPERP	+0.0149%	8h	785.10	+0.013%	$161K	$2.7M	4.8x	as long as short
dYdX BNB-USD	+0.0167%	1h	784.36	−0.081%	$159K	$62K	10x	as long as short
BloFin BNB-USDT	+0.0177%	8h	785.15	+0.019%	$17.7M	$2.2M	75x	as long as short
GRVT BNB_USDT_Perp	+0.0210%	8h	785.65	+0.083%	$2.9M	$29.2M	10x	as long as short
01 Exchange BNBUSD	+0.0296%	1h	785.06	+0.008%	$28K	$4K	10x	as long as short
Bulk BNB-USD	+0.0298%	1h	785.69	+0.088%	$637K	$4K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	784.84	−0.020%	$1.5M	$143K	25x	as long as short
Reya BNBRUSDPERP	+0.0323%	1h	784.15	−0.108%	$6K	$3K	40x	as long as short
RISEx BNB/USDC	+0.0432%	1h	784.73	−0.034%	$1.1M	$905K	20x	as long as short
Hibachi BNB/USDT-P	+0.0512%	1h	784.74	−0.033%	$67K	$39K	12x	as long as short