Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: ApeX Omni against Orderly+0.139%70s7-day average +0.028% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Orderly Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 3 days (all we have)−0.029%−$3 · spread now +0.139%, 7d avg +0.028%

Together, before fees−0.029%−$3 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 0.111% dearer against Orderly than usual: you sell high and buy low, +$11 on $10k if it goes back to its 7-day average of +0.028%. The two prices were read 70 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	Orderly PERP_BNB_USDC	805.53	0.0100	pay 0.0100% / 8h	1h 36m	$389K	$592K	50x
Short	ApeX Omni BNBUSDT	806.65	0.0100	get 0.0013% / 1h	36m 15s	$162K	$440K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Orderly. 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 OrderlybpFee ApeX OmnibpOrdersPrice spread, now +0.139%Rate

Funding earned: $0
Price spread: +0.139% → +0.028%: $11.06
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$4.94
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; ApeX Omni: live order book, 46 min ago. Net counts fees only.

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 Orderly no order-book sample	—	—	—	—	—
Sell ApeX Omni live order book, 46 min ago	3.47 bp	8.5 bp −$8	28.9 bp −$289	doesn't fit	doesn't fit

Orderly: 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.

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	805.41	−0.015%	$48K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	806.40	+0.108%	$4K	$1K	25x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	806.76	+0.153%	$3.0M	$29.1M	10x	as long as short
Kalshi KXBNBPERP	0.0000%	8h	805.20	−0.041%	$114K	$2.5M	4.8x	as long as short
StandX BNB-USD	0.0000%	1h	806.10	+0.071%	$871K	$2.8M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	805.48	−0.006%	$9.8M	—	150x	as long as short
Variational Omni BNB	+0.0044%	8h	806.56	+0.128%	$4.1M	$5.3M	—	as long as short
BingX BNB-USDT	+0.0058%	8h	805.62	+0.011%	—	$34.5M	—	as long as short
Bybit BNBUSDT	+0.0083%	8h	803.53	−0.248%	$139.3M	$81.3M	75x	as long as short
Lighter BNB	+0.0096%	1h	804.31	−0.151%	$2.8M	$4.2M	20x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International BNB-PERP-INTX	+0.0096%	1h	805.24	−0.036%	$608K	$880K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	805.40	−0.016%	$1.5M	$2.7M	20x	as long as short
Pacifica BNB	+0.0100%	1h	805.96	+0.053%	$1.2M	$923K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	803.80	−0.215%	$55.0M	$115.8M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	806.10	+0.071%	$53K	$170K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	805.35	−0.022%	$36.1M	$57.6M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	805.31	−0.027%	$28.2M	$10.5M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	803.95	−0.196%	$78.6M	$25.0M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	807.06	+0.190%	$4.2M	$76.6M	30x	as long as short
ApeX Omni BNBUSDTshort	+0.0100%	1h	806.65	+0.139%	$162K	$440K	50x
Polymarket Perps BNB-USD	+0.0100%	1h	805.54	+0.001%	$116K	$869K	10x	as long as short
Orderly PERP_BNB_USDClong	+0.0100%	8h	805.53	long leg	$389K	$592K	50x
Derive BNB-PERP	+0.0100%	1h	805.77	+0.030%	$32K	$5K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	806.22	+0.085%	$13K	$1.7M	50x	as long as short
HTX BNB-USDT	+0.0100%	8h	803.99	−0.192%	$8.2M	$7.7M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	806.34	+0.101%	$79K	$19K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	804.07	−0.181%	$1.9M	$6.0M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	805.56	+0.004%	$387K	$40K	10x	as long as short
Aster BNBUSDT	+0.0107%	8h	805.67	+0.017%	$6.4M	$18.8M	200x	as long as short
Hibachi BNB/USDT-P	+0.0112%	1h	806.23	+0.087%	$71K	$48K	12x	as long as short
MEXC BNB_USDT	+0.0122%	8h	806.50	+0.120%	$84.7M	$13.4M	200x	as long as short
Binance BNBUSDT	+0.0123%	8h	804.50	−0.127%	$519.4M	$806.7M	75x	as long as short
Phemex BNBUSDT	+0.0136%	8h	804.50	−0.128%	$70.2M	$51.8M	50x	as long as short
Phoenix BNB	+0.0155%	1h	807.20	+0.207%	$173K	$35K	10x	as long as short
SoDEX BNB-USD	+0.0174%	1h	804.10	−0.178%	$396K	$1.0M	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0200%	1h	805.94	+0.051%	$1.6M	$165K	25x	as long as short
dYdX BNB-USD	+0.0203%	1h	805.79	+0.032%	$162K	$63K	10x	as long as short
Kraken Futures PF_BNBUSD	+0.0206%	1h	803.80	−0.215%	$2.5M	$939K	50x	as long as short
Hyperliquid BNB	+0.0239%	1h	806.46	+0.115%	$52.2M	$21.9M	10x	as long as short
BloFin BNB-USDT	+0.0243%	8h	806.57	+0.129%	$18.8M	$2.6M	75x	as long as short
Bulk BNB-USD	+0.0295%	1h	807.66	+0.264%	$652K	$14K	10x	as long as short
Injective BNB/USDC PERP	+0.0311%	1h	805.09	−0.055%	$19K	$789K	30x	as long as short
RISEx BNB/USDC	+0.0318%	1h	805.95	+0.052%	$1.1M	$1.4M	20x	as long as short
Reya BNBRUSDPERP	+0.0333%	1h	805.13	−0.049%	$6K	$3K	40x	as long as short
01 Exchange BNBUSD	+0.0352%	1h	806.38	+0.106%	$29K	$1K	10x	as long as short
Backpack BNB_USDC_PERP	+0.0691%	1h	807.09	+0.194%	$3.0M	$5.5M	40x	as long as short