BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0028%/8h= +3.1% APRnext payment +$0.03 per $10,000 · paid last 24h +0.002%

Price spread now: ApeX Omni against Coinbase International+0.236%7-day average +0.077% · you sell dearer than you buy

Net, funding: paid 7d − costs−$27as in the Funding arb table

Net, price: spread back to 7d avg − costs−$22as in the Price arb table

costs, in and out, $10k−$380.382% of the position

Long on Coinbase International Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.116%+$12 on $10k

Price spread, last 3 days (all we have)−0.054%−$5 · spread now +0.236%, 7d avg +0.077%

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

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and ApeX Omni is 0.159% dearer against Coinbase International than usual: you sell high and buy low: +$16 more if the spread goes back to its 7-day average of +0.077%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International BNB-PERP-INTX	800.72	0.0072	pay 0.0009% / 1h	52m 52s	$607K	$998K	50x
Short	ApeX Omni BNBUSDT	802.61	0.0100	get 0.0013% / 1h	52m 52s	$162K	$442K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Coinbase International. 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 Coinbase InternationalbpFee ApeX OmnibpOrdersPrice spread, now +0.236%Rate

Funding earned: $5.88
Price spread: +0.236% → +0.077%: $15.88
Slippage, 4 orders: −$18.15
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$16.39
Costs to cover: 0.382%
Break-even: 26.5 days

Slippage from Coinbase International: live order book, 26 min ago; ApeX Omni: live order book, 25 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 Coinbase International live order book, 26 min ago	3.62 bp	9.0 bp −$9	13.2 bp −$132	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 25 min ago	4.55 bp	9.7 bp −$10	34.8 bp −$348	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	802.98	+0.282%	$48K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	803.26	+0.317%	$4K	$1K	25x	as long as short
Kraken Futures PF_BNBUSD	−0.0074%	1h	803.00	+0.285%	$2.6M	$969K	50x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	802.91	+0.273%	$3.0M	$28.2M	10x	as long as short
StandX BNB-USD	0.0000%	1h	803.25	+0.316%	$868K	$2.9M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	803.05	+0.291%	$9.8M	—	150x	as long as short
Variational Omni BNB	+0.0031%	8h	801.64	+0.115%	$4.2M	$5.4M	—	as long as short
BingX BNB-USDT	+0.0053%	8h	802.93	+0.276%	—	$34.8M	—	as long as short
Bybit BNBUSDT	+0.0066%	8h	802.50	+0.222%	$139.4M	$78.6M	75x	as long as short
Coinbase International BNB-PERP-INTXlong	+0.0072%	1h	800.72	long leg	$607K	$998K	50x

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter BNB	+0.0096%	1h	803.39	+0.333%	$2.8M	$4.1M	20x	as long as short
Nado BNB-PERP	+0.0100%	1h	802.80	+0.260%	$1.4M	$2.7M	20x	as long as short
Pacifica BNB	+0.0100%	1h	802.97	+0.281%	$1.2M	$926K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	802.60	+0.235%	$54.8M	$113.7M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	803.50	+0.347%	$53K	$133K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	802.70	+0.247%	$35.8M	$57.6M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	802.99	+0.283%	$28.1M	$10.3M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	802.51	+0.224%	$79.6M	$27.4M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	803.03	+0.289%	$4.2M	$77.7M	30x	as long as short
ApeX Omni BNBUSDTshort	+0.0100%	1h	802.61	+0.236%	$162K	$442K	50x
Polymarket Perps BNB-USD	+0.0100%	1h	803.09	+0.296%	$119K	$874K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	803.05	+0.291%	$388K	$497K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	803.18	+0.307%	$32K	$5K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	803.86	+0.392%	$13K	$1.7M	50x	as long as short
HTX BNB-USDT	+0.0100%	8h	802.90	+0.272%	$8.2M	$7.9M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	803.41	+0.336%	$78K	$19K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	802.34	+0.203%	$1.9M	$6.4M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	803.36	+0.330%	$386K	$40K	10x	as long as short
Aster BNBUSDT	+0.0104%	8h	803.81	+0.386%	$6.4M	$19.0M	200x	as long as short
Kalshi KXBNBPERP	+0.0113%	8h	803.50	+0.347%	$109K	$2.9M	4.8x	as long as short
Phemex BNBUSDT	+0.0115%	8h	803.64	+0.365%	$70.2M	$51.0M	50x	as long as short
MEXC BNB_USDT	+0.0123%	8h	803.80	+0.385%	$83.6M	$13.5M	200x	as long as short
Binance BNBUSDT	+0.0125%	8h	803.48	+0.345%	$502.6M	$818.4M	75x	as long as short
Phoenix BNB	+0.0127%	1h	803.21	+0.311%	$173K	$36K	10x	as long as short
SoDEX BNB-USD	+0.0231%	1h	803.10	+0.297%	$395K	$1.0M	10x	as long as short
BloFin BNB-USDT	+0.0245%	8h	803.74	+0.377%	$18.2M	$2.6M	75x	as long as short
Hibachi BNB/USDT-P	+0.0248%	1h	802.88	+0.269%	$71K	$49K	12x	as long as short
RISEx BNB/USDC	+0.0258%	1h	803.38	+0.333%	$1.1M	$1.4M	20x	as long as short
Bulk BNB-USD	+0.0289%	1h	801.15	+0.054%	$651K	$20K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	803.47	+0.343%	$1.6M	$165K	25x	as long as short
Injective BNB/USDC PERP	+0.0306%	1h	805.09	+0.546%	$19K	$789K	30x	as long as short
Hyperliquid BNB	+0.0309%	1h	803.84	+0.390%	$52.0M	$21.3M	10x	as long as short
Backpack BNB_USDC_PERP	+0.0320%	1h	803.68	+0.370%	$2.7M	$5.7M	40x	as long as short
Reya BNBRUSDPERP	+0.0332%	1h	802.72	+0.250%	$6K	$3K	40x	as long as short
01 Exchange BNBUSD	+0.0432%	1h	803.95	+0.403%	$28K	$1K	10x	as long as short
dYdX BNB-USD	+0.0498%	1h	802.23	+0.189%	$162K	$62K	10x	as long as short