Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: ApeX Omni against OKX+0.374%100s7-day average +0.094% · you sell dearer than you buy

Net, funding: paid 7d − costs−$28as 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−$330.331% of the position

Long on OKX Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.050%+$5 on $10k

Price spread, last 4 days (all we have)−0.127%−$13 · spread now +0.374%, 7d avg +0.094%

Together, before fees−0.078%−$8 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 0.280% dearer against OKX than usual: you sell high and buy low, +$28 on $10k if it goes back to its 7-day average of +0.094%. The two prices were read 100 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	OKX BNB-USDT-SWAP	789.20	0.0100	pay 0.0100% / 8h	4h 25m	$53.4M	$111.3M	50x
Short	ApeX Omni BNBUSDT	792.15	0.0100	get 0.0013% / 1h	25m 52s	$159K	$440K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against OKX. 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 OKXbpFee ApeX OmnibpOrdersPrice spread, now +0.374%Rate

Funding earned: $0
Price spread: +0.374% → +0.094%: $27.99
Slippage, 4 orders: −$13.13
Fee OKX: 5 bp × 2 orders: −$10
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$5.14
Costs to cover: 0.331%
Break-even: never at this rate

Slippage from OKX: live order book, 3 min ago; ApeX Omni: live order book, 32 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 OKX live order book, 3 min ago	0.63 bp	6.2 bp −$6	8.1 bp −$81	21.9 bp −$2,192	doesn't fit
Sell ApeX Omni live order book, 32 min ago	5.18 bp	11.1 bp −$11	34.0 bp −$340	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 −0.0186% / S +0.0351%	1h	789.13	−0.009%	$46K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	790.05	+0.108%	$4K	$42	25x	as long as short
StandX BNB-USD	0.0000%	1h	789.79	+0.075%	$852K	$3.2M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	789.14	−0.008%	$9.5M	—	150x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.013%	$19K	$789K	30x	as long as short
Aster BNBUSDT	+0.0041%	8h	789.91	+0.089%	$6.1M	$18.7M	200x	as long as short
BingX BNB-USDC	+0.0052%	8h	789.58	+0.048%	—	$13.4M	—	as long as short
Phemex BNBUSDT	+0.0064%	8h	790.09	+0.113%	$69.1M	$49.9M	50x	as long as short
Coinbase International BNB-PERP-INTX	+0.0064%	1h	789.45	+0.032%	$582K	$1.9M	50x	as long as short
MEXC BNB_USDT	+0.0065%	8h	790.10	+0.114%	$80.2M	$12.4M	200x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance BNBUSDT	+0.0066%	8h	789.85	+0.082%	$493.3M	$790.5M	75x	as long as short
Lighter BNB	+0.0096%	1h	789.65	+0.057%	$2.7M	$3.8M	20x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	789.31	+0.014%	$265K	$492K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	789.55	+0.044%	$1.5M	$2.6M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	789.88	+0.086%	$51.8M	$17.6M	10x	as long as short
Pacifica BNB	+0.0100%	1h	789.74	+0.069%	$1.2M	$931K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	789.30	+0.013%	$138.8M	$74.6M	75x	as long as short
OKX BNB-USDT-SWAPlong	+0.0100%	8h	789.20	long leg	$53.4M	$111.3M	50x
Arcus BNB-USD	+0.0100%	1h	789.60	+0.051%	$52K	$130K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	789.20	0.000%	$35.5M	$57.2M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	789.31	+0.014%	$27.6M	$10.3M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	789.01	−0.024%	$76.3M	$30.1M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	789.78	+0.073%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	789.00	−0.025%	$4.1M	$4.6M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	791.99	+0.354%	$4.1M	$73.7M	30x	as long as short
ApeX Omni BNBUSDTshort	+0.0100%	1h	792.15	+0.374%	$159K	$440K	50x
Polymarket Perps BNB-USD	+0.0100%	1h	789.15	−0.006%	$133K	$950K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	789.39	+0.024%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	789.79	+0.075%	$12K	$1.5M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	789.60	+0.051%	$388K	$1.0M	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	789.38	+0.022%	$8.1M	$9.4M	75x	as long as short
Paradex BNB-USD-PERP	+0.0101%	8h	789.99	+0.100%	$77K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	788.99	−0.026%	$1.8M	$5.9M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	789.26	+0.008%	$379K	$110K	10x	as long as short
Phoenix BNB	+0.0117%	1h	791.77	+0.326%	$170K	$35K	10x	as long as short
dYdX BNB-USD	+0.0137%	1h	789.35	+0.019%	$160K	$64K	10x	as long as short
GRVT BNB_USDT_Perp	+0.0145%	8h	792.31	+0.394%	$3.0M	$28.5M	10x	as long as short
Kalshi KXBNBPERP	+0.0179%	8h	789.80	+0.076%	$126K	$2.7M	4.8x	as long as short
BloFin BNB-USDT	+0.0186%	8h	790.25	+0.133%	$18.1M	$2.2M	75x	as long as short
01 Exchange BNBUSD	+0.0232%	1h	789.75	+0.070%	$28K	$4K	10x	as long as short
Bulk BNB-USD	+0.0245%	1h	789.82	+0.079%	$640K	$9K	10x	as long as short
Kraken Futures PF_BNBUSD	+0.0263%	1h	789.42	+0.027%	$2.5M	$1.2M	50x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	789.69	+0.062%	$1.5M	$143K	25x	as long as short
Reya BNBRUSDPERP	+0.0326%	1h	789.05	−0.019%	$6K	$3K	40x	as long as short
Hibachi BNB/USDT-P	+0.0424%	1h	789.62	+0.053%	$67K	$38K	12x	as long as short
RISEx BNB/USDC	+0.0461%	1h	789.58	+0.048%	$1.1M	$973K	20x	as long as short