Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: ApeX Omni against HTX−0.092%76s7-day average +0.075% · you buy dearer than you sell

Net, funding: paid 7d − costs−$38as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$380.380% of the position

Long on HTX Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.003%$0 on $10k

Price spread, last 3 days (all we have)+0.287%+$29 · spread now −0.092%, 7d avg +0.075%

Together, before fees+0.290%+$29 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 0.167% cheaper against HTX than usual: you would sell low and buy high, −$17 on $10k if it goes back to its 7-day average of +0.075%. The two prices were read 76 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX BNB-USDT	802.22	0.0100	pay 0.0100% / 8h	55m 49s	$8.2M	$7.9M	75x
Short	ApeX Omni BNBUSDT	801.48	0.0100	get 0.0013% / 1h	55m 49s	$161K	$442K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against HTX. 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 HTXbpFee ApeX OmnibpOrdersPrice spread, now −0.092%Rate

Funding earned: $0
Price spread: −0.092% → +0.075%: −$16.66
Slippage, 4 orders: −$15.98
Fee HTX: 6 bp × 2 orders: −$12
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$54.65
Costs to cover: 0.380%
Break-even: never at this rate

Slippage from HTX: live order book, 3 min ago; ApeX Omni: live order book, 22 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 HTX live order book, 3 min ago	3.28 bp	9.5 bp −$9	12.1 bp −$121	40.1 bp −$4,012	doesn't fit
Sell ApeX Omni live order book, 22 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	802.44	+0.027%	$48K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	802.52	+0.038%	$4K	$1K	25x	as long as short
Kraken Futures PF_BNBUSD	−0.0074%	1h	802.51	+0.036%	$2.6M	$969K	50x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	800.99	−0.153%	$3.0M	$28.4M	10x	as long as short
StandX BNB-USD	0.0000%	1h	802.75	+0.067%	$868K	$2.9M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	802.48	+0.033%	$9.8M	—	150x	as long as short
Variational Omni BNB	+0.0031%	8h	800.04	−0.271%	$4.2M	$5.4M	—	as long as short
BingX BNB-USDT	+0.0053%	8h	802.43	+0.027%	—	$34.8M	—	as long as short
Bybit BNBUSDT	+0.0066%	8h	802.00	−0.027%	$139.4M	$78.6M	75x	as long as short
Coinbase International BNB-PERP-INTX	+0.0072%	1h	800.72	−0.186%	$607K	$998K	50x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter BNB	+0.0096%	1h	802.95	+0.091%	$2.8M	$4.1M	20x	as long as short
Nado BNB-PERP	+0.0100%	1h	802.06	−0.019%	$1.4M	$2.7M	20x	as long as short
Pacifica BNB	+0.0100%	1h	802.42	+0.025%	$1.2M	$926K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	802.10	−0.014%	$54.8M	$113.6M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	802.70	+0.060%	$53K	$134K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	802.10	−0.014%	$35.8M	$57.4M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	802.34	+0.015%	$28.1M	$10.3M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	802.04	−0.022%	$79.6M	$27.4M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	801.60	−0.077%	$4.2M	$77.5M	30x	as long as short
ApeX Omni BNBUSDTshort	+0.0100%	1h	801.48	−0.092%	$161K	$442K	50x
Polymarket Perps BNB-USD	+0.0100%	1h	802.36	+0.018%	$119K	$874K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	802.62	+0.050%	$388K	$489K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	802.76	+0.068%	$32K	$5K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	802.97	+0.094%	$13K	$1.7M	50x	as long as short
HTX BNB-USDTlong	+0.0100%	8h	802.22	long leg	$8.2M	$7.9M	75x
Paradex BNB-USD-PERP	+0.0100%	8h	802.75	+0.066%	$78K	$19K	50x	as long as short
Aster BNBUSDT	+0.0102%	8h	803.03	+0.101%	$6.4M	$19.0M	200x	as long as short
Extended BNB-USD	+0.0104%	1h	801.96	−0.031%	$1.9M	$6.4M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	802.77	+0.070%	$386K	$40K	10x	as long as short
Phemex BNBUSDT	+0.0112%	8h	803.20	+0.123%	$70.2M	$51.1M	50x	as long as short
Kalshi KXBNBPERP	+0.0117%	8h	802.50	+0.035%	$109K	$2.9M	4.8x	as long as short
MEXC BNB_USDT	+0.0121%	8h	803.20	+0.123%	$83.5M	$13.5M	200x	as long as short
Binance BNBUSDT	+0.0123%	8h	803.03	+0.101%	$502.5M	$819.0M	75x	as long as short
Phoenix BNB	+0.0155%	1h	800.77	−0.180%	$172K	$34K	10x	as long as short
SoDEX BNB-USD	+0.0237%	1h	802.70	+0.060%	$395K	$1.0M	10x	as long as short
Backpack BNB_USDC_PERP	+0.0241%	1h	803.10	+0.110%	$2.7M	$5.7M	40x	as long as short
BloFin BNB-USDT	+0.0242%	8h	802.83	+0.077%	$18.2M	$2.5M	75x	as long as short
Hibachi BNB/USDT-P	+0.0248%	1h	802.25	+0.005%	$71K	$48K	12x	as long as short
RISEx BNB/USDC	+0.0258%	1h	802.49	+0.034%	$1.1M	$1.4M	20x	as long as short
Bulk BNB-USD	+0.0289%	1h	801.15	−0.133%	$651K	$20K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	803.05	+0.104%	$1.6M	$165K	25x	as long as short
Injective BNB/USDC PERP	+0.0306%	1h	805.09	+0.358%	$19K	$789K	30x	as long as short
Hyperliquid BNB	+0.0331%	1h	803.04	+0.103%	$51.9M	$21.6M	10x	as long as short
Reya BNBRUSDPERP	+0.0332%	1h	801.99	−0.029%	$6K	$3K	40x	as long as short
01 Exchange BNBUSD	+0.0432%	1h	803.42	+0.150%	$28K	$1K	10x	as long as short
dYdX BNB-USD	+0.0510%	1h	802.23	+0.002%	$162K	$62K	10x	as long as short