Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: ApeX Omni against Bitget−0.106%7-day average +0.110% · you buy dearer than you sell

Net, funding: paid 7d − costs−$30as in the Funding arb table

Net, price: spread back to 7d avg − costs−$56as in the Price arb table

costs, in and out, $10k−$350.346% of the position

Long on Bitget Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.044%+$4 on $10k

Price spread, last 4 days (all we have)+0.638%+$64 · spread now −0.106%, 7d avg +0.110%

Together, before fees+0.682%+$68 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 0.216% cheaper against Bitget than usual: you would sell low and buy high, −$22 on $10k if it goes back to its 7-day average of +0.110%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget BNBUSDT	788.91	0.0100	pay 0.0100% / 8h	6h 07m	$77.7M	$29.9M	75x
Short	ApeX Omni BNBUSDT	788.07	0.0100	get 0.0013% / 1h	7m 10s	$158K	$438K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Bitget. 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 BitgetbpFee ApeX OmnibpOrdersPrice spread, now −0.106%Rate

Funding earned: $0
Price spread: −0.106% → +0.110%: −$21.62
Slippage, 4 orders: −$12.61
Fee Bitget: 6 bp × 2 orders: −$12
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$56.23
Costs to cover: 0.346%
Break-even: never at this rate

Slippage from Bitget: live order book, 2 min ago; ApeX Omni: live order book, 60 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 Bitget live order book, 2 min ago	0.06 bp	6.7 bp −$7	10.4 bp −$104	21.7 bp −$2,169	doesn't fit
Sell ApeX Omni live order book, 60 min ago	1.50 bp	13.4 bp −$13	35.1 bp −$351	doesn't fit	doesn't fit

BNB on 45 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 −0.0167% / S +0.0335%	1h	788.92	+0.001%	$46K	—	200x	as long as short
Kraken Futures PF_BNBUSD	−0.0132%	1h	789.21	+0.037%	$2.5M	$1.2M	50x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	789.50	+0.075%	$4K	$239	25x	as long as short
StandX BNB-USD	0.0000%	1h	788.91	0.000%	$853K	$3.2M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	789.00	+0.012%	$9.6M	—	150x	as long as short
Aster BNBUSDT	+0.0029%	8h	789.72	+0.103%	$6.2M	$20.0M	200x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.051%	$19K	$789K	30x	as long as short
BingX BNB-USDT	+0.0049%	8h	789.31	+0.051%	—	$34.7M	—	as long as short
Variational Omni BNB	+0.0050%	8h	788.61	−0.038%	$4.1M	$4.9M	—	as long as short
Gate BNB_USDT	+0.0051%	8h	789.00	+0.011%	$35.1M	$57.7M	75x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International BNB-PERP-INTX	+0.0056%	1h	788.82	−0.011%	$619K	$1.8M	50x	as long as short
Phemex BNBUSDT	+0.0063%	8h	789.64	+0.093%	$69.1M	$50.5M	50x	as long as short
MEXC BNB_USDT	+0.0064%	8h	790.00	+0.138%	$80.4M	$13.2M	200x	as long as short
Binance BNBUSDT	+0.0065%	8h	789.73	+0.104%	$494.5M	$820.7M	75x	as long as short
GRVT BNB_USDT_Perp	+0.0084%	8h	788.67	−0.031%	$2.9M	$28.5M	10x	as long as short
Phoenix BNB	+0.0088%	1h	788.32	−0.075%	$169K	$36K	10x	as long as short
dYdX BNB-USD	+0.0096%	1h	788.86	−0.006%	$159K	$63K	10x	as long as short
Lighter BNB	+0.0096%	1h	789.37	+0.058%	$2.8M	$4.1M	20x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	789.01	+0.013%	$381K	$409K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	788.85	−0.008%	$1.5M	$2.7M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	789.62	+0.090%	$51.7M	$18.6M	10x	as long as short
Pacifica BNB	+0.0100%	1h	789.21	+0.038%	$1.2M	$920K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	789.10	+0.024%	$138.9M	$79.8M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	789.00	+0.011%	$53.5M	$113.6M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	789.30	+0.049%	$52K	$135K	10x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	788.95	+0.005%	$27.8M	$10.5M	75x	as long as short
Bitget BNBUSDTlong	+0.0100%	8h	788.91	long leg	$77.7M	$29.9M	75x
edgeX BNBUSDC	+0.0100%	4h	788.55	−0.046%	$4.1M	$77.1M	30x	as long as short
ApeX Omni BNBUSDTshort	+0.0100%	1h	788.07	−0.106%	$158K	$438K	50x
Polymarket Perps BNB-USD	+0.0100%	1h	788.84	−0.009%	$137K	$947K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	789.17	+0.033%	$31K	$9K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	789.54	+0.080%	$12K	$1.6M	50x	as long as short
HTX BNB-USDT	+0.0100%	8h	788.22	−0.087%	$8.1M	$9.0M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	789.65	+0.094%	$77K	$17K	50x	as long as short
SoDEX BNB-USD	+0.0102%	1h	789.20	+0.037%	$388K	$999K	10x	as long as short
Extended BNB-USD	+0.0104%	1h	788.84	−0.008%	$1.8M	$6.0M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	789.15	+0.030%	$379K	$110K	10x	as long as short
RISEx BNB/USDC	+0.0131%	1h	789.43	+0.066%	$1.1M	$1.1M	20x	as long as short
Kalshi KXBNBPERP	+0.0167%	8h	789.50	+0.075%	$92K	$2.9M	4.8x	as long as short
Bulk BNB-USD	+0.0244%	1h	794.01	+0.647%	$643K	$13K	10x	as long as short
01 Exchange BNBUSD	+0.0272%	1h	789.86	+0.120%	$28K	$3K	10x	as long as short
Reya BNBRUSDPERP	+0.0328%	1h	788.70	−0.026%	$6K	$3K	40x	as long as short
Backpack BNB_USDC_PERP	+0.0388%	1h	789.83	+0.117%	$2.7M	$5.7M	40x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0400%	1h	789.64	+0.092%	$1.5M	$160K	25x	as long as short
Hibachi BNB/USDT-P	+0.0536%	1h	788.64	−0.035%	$68K	$39K	12x	as long as short