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

BNB

all BNB markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC+0.0067%/8h= +7.3% APRnext payment +$0.08 per $10,000 · paid last 24h +0.004%
Price spread now: ApeX Omni against Injective−0.709%7-day average +0.386% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days+0.232%+$23 on $10k
Price spread, last 3 days (all we have)+1.158%+$116 · spread now −0.709%, 7d avg +0.386%
Together, before fees+1.391%+$139 on $10k · with fees, hour by hour
Funding pays, the price is against you. ApeX Omni is 1.095% cheaper against Injective than usual: you would sell low and buy high (spread −0.709% now, against its 7-day average of +0.386%). If the spread goes back, that is −$110 on $10k: about 55 days of funding at the current rate (+$2 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongInjective BNB/USDC PERP805.090.0033pay 0.0004% / 1h39m 15s$19K$789K30x
ShortApeX Omni BNBUSDT799.380.0100get 0.0013% / 1h39m 15s$161K$436K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against Injective. 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
$14
Price spread: −0.709% → +0.386%
−$109.54
Slippage, 4 orders
no order book: not counted
Fee Injective: 0.01 bp × 2 orders
−$0.02
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
−$105.56
Costs to cover
0.100%
Break-even
59.8 days
Slippage unknown: Injective: no order-book sample; ApeX Omni: live order book, 33 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Injective no order-book sample
Sell ApeX Omni live order book, 33 min ago2.06 bp18.0 bp −$1839.1 bp −$391doesn't fitdoesn't fit
Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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 −0.0201% / S +0.0372%1h799.04−0.752%$47K200xas long as short
Kraken Futures PF_BNBUSD−0.0121%1h798.62−0.804%$2.5M$976K50xas long as short
BingX BNB-USDT−0.0094%8h799.24−0.727%$35.2Mas long as short
Hotstuff BNB-PERP−0.0080%1h800.06−0.625%$4K$23925xas long as short
Bybit BNBUSDT−0.0057%8h798.53−0.815%$138.7M$76.0M75xas long as short
GRVT BNB_USDT_Perp0.0000%8h799.99−0.634%$3.0M$27.6M10xas long as short
StandX BNB-USD0.0000%1h799.91−0.643%$864K$2.9M30xas long as short
Phemex BNBUSDT0.0000%8h799.34−0.714%$69.8M$50.5M50xas long as short
Variational Omni BNB+0.0005%8h798.83−0.778%$4.1M$5.3Mas long as short
gTrade (Gains Network) BNB/USDL +0.0008% / S −0.0007%1h799.05−0.750%$9.7M150xas long as short
Show all 46 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective BNB/USDC PERPlong+0.0033%1h805.09long leg$19K$789K30x
Coinbase International BNB-PERP-INTX+0.0048%1h798.00−0.881%$601K$969K50xas long as short
Aster BNBUSDT+0.0067%8h799.62−0.679%$6.2M$19.1M200xas long as short
Gate BNB_USDT+0.0080%8h798.95−0.763%$35.7M$56.1M75xas long as short
MEXC BNB_USDT+0.0088%8h800.00−0.632%$83.2M$13.5M200xas long as short
Binance BNBUSDT+0.0088%8h799.28−0.721%$496.2M$809.4M75xas long as short
Lighter BNB+0.0096%1h799.02−0.754%$2.8M$4.0M20xas long as short
Phoenix BNB+0.0099%1h799.66−0.674%$172K$36K10xas long as short
Nado BNB-PERP+0.0100%1h799.46−0.699%$1.5M$2.7M20xas long as short
Pacifica BNB+0.0100%1h799.84−0.652%$1.2M$924K20xas long as short
OKX BNB-USDT-SWAP+0.0100%8h798.80−0.781%$54.2M$110.6M50xas long as short
Arcus BNB-USD+0.0100%1h799.70−0.669%$53K$133K10xas long as short
KuCoin BNBUSDTM+0.0100%8h799.01−0.755%$28.0M$10.0M75xas long as short
Bitget BNBUSDT+0.0100%8h798.88−0.771%$78.8M$27.3M75xas long as short
edgeX BNBUSDC+0.0100%4h799.66−0.674%$4.2M$76.3M30xas long as short
ApeX Omni BNBUSDTshort+0.0100%1h799.38−0.709%$161K$436K50x
Polymarket Perps BNB-USD+0.0100%1h799.07−0.748%$118K$871K10xas long as short
Orderly PERP_BNB_USDC+0.0100%8h798.98−0.759%$386K$459K50xas long as short
Derive BNB-PERP+0.0100%1h799.09−0.745%$32K$5K10xas long as short
SunX BNB-USDT+0.0100%8h800.22−0.605%$13K$1.7M50xas long as short
SoDEX BNB-USD+0.0100%1h799.00−0.756%$393K$1.0M10xas long as short
Deribit BNB_USDC-PERPETUAL+0.0100%1h799.23−0.728%$1.6M$160K25xas long as short
HTX BNB-USDT+0.0100%8h799.12−0.742%$8.2M$8.1M75xas long as short
Paradex BNB-USD-PERP+0.0100%8h800.36−0.588%$78K$18K50xas long as short
Extended BNB-USD+0.0104%1h798.34−0.839%$1.8M$6.5M50xas long as short
Aevo BNB-PERP+0.0104%1h798.89−0.771%$384K$108K10xas long as short
Bulk BNB-USD+0.0118%1h798.39−0.832%$648K$11K10xas long as short
Hibachi BNB/USDT-P+0.0144%1h799.86−0.650%$69K$36K12xas long as short
RISEx BNB/USDC+0.0155%1h799.39−0.709%$1.1M$1.4M20xas long as short
Kalshi KXBNBPERP+0.0157%8h799.70−0.669%$90K$2.8M4.8xas long as short
BloFin BNB-USDT+0.0208%8h799.52−0.692%$18.1M$2.4M75xas long as short
01 Exchange BNBUSD+0.0216%1h799.60−0.682%$28K$1K10xas long as short
dYdX BNB-USD+0.0275%1h799.47−0.698%$161K$63K10xas long as short
Hyperliquid BNB+0.0314%1h799.95−0.638%$53.1M$20.6M10xas long as short
Reya BNBRUSDPERP+0.0330%1h798.71−0.793%$6K$3K40xas long as short
Backpack BNB_USDC_PERP+0.0401%1h800.52−0.568%$2.7M$5.6M40xas long as short