Settings8H · net · $10k
Funding arb · Price arb /

BNB

all BNB markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.049%
Price spread now: ApeX Omni against Hyperliquid+0.062%7-day average +0.021% · you sell dearer than you buy
Net, funding: paid 7d − costs−$34as in the Funding arb table
Net, price: spread back to 7d avg − costs−$28as in the Price arb table
costs, in and out, $10k−$320.319% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.019%−$2 on $10k
Price spread, last 4 days (all we have)−0.024%−$2 · spread now +0.062%, 7d avg +0.021%
Together, before fees−0.043%+ Points / potential airdropHyperliquid: Season 2 · farm board−$4 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 0.041% dearer against Hyperliquid than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.021%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid BNB784.860.0100pay 0.0013% / 1h39m 03s$51.5M$17.5M10x
ShortApeX Omni BNBUSDT785.350.0100get 0.0013% / 1h39m 03s$158K$439K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against Hyperliquid. 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

Funding earned
$0
Price spread: +0.062% → +0.021%
$4.14
Slippage, 4 orders
−$12.91
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
−$27.77
Costs to cover
0.319%
Break-even
never at this rate
Slippage from Hyperliquid: live order book, 4 min ago; ApeX Omni: live order book, 8 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Hyperliquid live order book, 4 min ago0.06 bp4.6 bp −$57.7 bp −$77doesn't fitdoesn't fit
Sell ApeX Omni live order book, 8 min ago5.15 bp10.4 bp −$1031.9 bp −$319doesn't fitdoesn't fit

BNB on 46 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GMX BNB/USD [WBTC.b-USDC]L −0.0192% / S +0.0356%1h784.20−0.084%$46K200xas long as short
Hotstuff BNB-PERP−0.0080%1h784.89+0.004%$4K$4225xas long as short
StandX BNB-USD0.0000%1h785.26+0.051%$847K$3.1M30xas long as short
gTrade (Gains Network) BNB/USDL +0.0007% / S −0.0007%1h784.31−0.070%$9.5M150xas long as short
Aster BNBUSDT+0.0028%8h784.91+0.006%$6.1M$19.0M200xas long as short
Injective BNB/USDC PERP+0.0033%1h805.09+2.578%$19K$789K30xas long as short
BingX BNB-USDC+0.0041%8h784.31−0.070%$13.4Mas long as short
MEXC BNB_USDT+0.0051%8h785.70+0.107%$79.6M$11.8M200xas long as short
Binance BNBUSDT+0.0051%8h785.12+0.033%$488.8M$808.4M75xas long as short
Phemex BNBUSDT+0.0052%8h784.63−0.029%$68.7M$50.6M50xas long as short
Show all 46 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_BNBUSD+0.0069%1h784.18−0.087%$2.5M$1.2M50xas long as short
dYdX BNB-USD+0.0072%1h784.38−0.061%$159K$61K10xas long as short
Coinbase International BNB-PERP-INTX+0.0080%1h784.52−0.043%$576K$1.9M50xas long as short
Lighter BNB+0.0096%1h784.43−0.055%$2.7M$3.8M20xas long as short
Orderly PERP_BNB_USDC+0.0100%8h784.38−0.061%$264K$490K50xas long as short
Nado BNB-PERP+0.0100%1h783.85−0.129%$1.4M$2.7M20xas long as short
Hyperliquid BNBlong+0.0100%1h784.86long leg$51.5M$17.5M10x
Pacifica BNB+0.0100%1h784.71−0.019%$1.2M$933K20xas long as short
Bybit BNBUSDT+0.0100%8h784.62−0.031%$137.8M$74.5M75xas long as short
OKX BNB-USDT-SWAP+0.0100%8h784.70−0.020%$53.2M$111.9M50xas long as short
Arcus BNB-USD+0.0100%1h784.50−0.046%$52K$129K10xas long as short
Gate BNB_USDT+0.0100%8h784.45−0.052%$36.2M$58.2M75xas long as short
KuCoin BNBUSDTM+0.0100%8h784.50−0.046%$27.5M$10.2M75xas long as short
Bitget BNBUSDT+0.0100%8h784.44−0.054%$75.9M$30.8M75xas long as short
Backpack BNB_USDC_PERP+0.0100%1h784.64−0.028%$2.2M$6.1M40xas long as short
Variational Omni BNB+0.0100%8h784.43−0.055%$4.1M$4.6Mas long as short
edgeX BNBUSDC+0.0100%4h786.49+0.208%$4.1M$74.5M30xas long as short
ApeX Omni BNBUSDTshort+0.0100%1h785.35+0.062%$158K$439K50x
Polymarket Perps BNB-USD+0.0100%1h783.86−0.127%$131K$952K10xas long as short
Derive BNB-PERP+0.0100%1h784.57−0.037%$31K$12K10xas long as short
SunX BNB-USDT+0.0100%8h784.95+0.011%$12K$1.5M50xas long as short
SoDEX BNB-USD+0.0100%1h784.50−0.046%$386K$996K10xas long as short
HTX BNB-USDT+0.0100%8h784.03−0.106%$8.0M$9.9M75xas long as short
Paradex BNB-USD-PERP+0.0100%8h784.65−0.026%$76K$17K50xas long as short
Extended BNB-USD+0.0104%1h784.45−0.052%$1.8M$6.4M50xas long as short
Aevo BNB-PERP+0.0104%1h784.46−0.050%$377K$110K10xas long as short
Phoenix BNB+0.0107%1h785.21+0.045%$169K$35K10xas long as short
Kalshi KXBNBPERP+0.0134%8h785.00+0.018%$140K$2.7M4.8xas long as short
BloFin BNB-USDT+0.0171%8h784.84−0.003%$17.7M$2.2M75xas long as short
Deribit BNB_USDC-PERPETUAL+0.0200%1h784.79−0.009%$1.5M$143K25xas long as short
GRVT BNB_USDT_Perp+0.0202%8h785.56+0.089%$2.9M$29.3M10xas long as short
Bulk BNB-USD+0.0256%1h786.23+0.175%$637K$10K10xas long as short
01 Exchange BNBUSD+0.0288%1h784.52−0.043%$28K$4K10xas long as short
Reya BNBRUSDPERP+0.0323%1h783.92−0.120%$6K$3K40xas long as short
RISEx BNB/USDC+0.0432%1h784.26−0.076%$1.1M$908K20xas long as short
Hibachi BNB/USDT-P+0.0472%1h785.20+0.043%$67K$39K12xas long as short