BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0332%/8h= −36.4% APRnext payment −$0.42 per $10,000 · paid last 24h −0.029%

Price spread now: ApeX Omni against RISEx−0.045%54s7-day average +0.046% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

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

costs, in and out, $10k−$310.306% of the position

Long on RISEx Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.115%−$12 on $10k

Price spread, last 4 days (all we have)+0.187%+$19 · spread now −0.045%, 7d avg +0.046%

Together, before fees+0.072%+$7 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and ApeX Omni is 0.091% cheaper against RISEx than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of +0.046%). Swap the legs. The two prices were read 54 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.115% in total (about -11.6% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.42 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx BNB/USDC	787.90	0.0432	pay 0.0054% / 1h	52m 05s	$1.1M	$908K	20x
Short	ApeX Omni BNBUSDT	787.54	0.0100	get 0.0013% / 1h	52m 05s	$159K	$438K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against RISEx. 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 RISExbpFee ApeX OmnibpOrdersPrice spread, now −0.045%Rate

Funding earned: −$69.8
Price spread: −0.045% → +0.046%: −$9.14
Slippage, 4 orders: −$14.61
Fee RISEx: 3 bp × 2 orders: −$6
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$109.56
Costs to cover: 0.306%
Break-even: never at this rate

Slippage from RISEx: live order book, 2 min ago; ApeX Omni: live order book, 60 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 RISEx live order book, 2 min ago	1.71 bp	4.7 bp −$5	8.9 bp −$89	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 60 min ago	4.81 bp	10.6 bp −$11	32.6 bp −$326	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 −0.0192% / S +0.0356%	1h	787.41	−0.062%	$46K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	787.95	+0.007%	$4K	$42	25x	as long as short
StandX BNB-USD	0.0000%	1h	788.13	+0.029%	$850K	$3.1M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	787.51	−0.049%	$9.5M	—	150x	as long as short
Aster BNBUSDT	+0.0028%	8h	788.03	+0.017%	$6.1M	$19.1M	200x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.182%	$19K	$789K	30x	as long as short
BingX BNB-USDC	+0.0034%	8h	787.32	−0.073%	—	$13.4M	—	as long as short
MEXC BNB_USDT	+0.0049%	8h	788.50	+0.076%	$79.9M	$11.8M	200x	as long as short
Binance BNBUSDT	+0.0051%	8h	787.87	−0.004%	$490.8M	$805.7M	75x	as long as short
Phemex BNBUSDT	+0.0056%	8h	788.17	+0.034%	$69.0M	$50.7M	50x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX BNB-USD	+0.0065%	1h	787.06	−0.107%	$159K	$61K	10x	as long as short
Kraken Futures PF_BNBUSD	+0.0069%	1h	787.50	−0.050%	$2.5M	$1.2M	50x	as long as short
Coinbase International BNB-PERP-INTX	+0.0080%	1h	787.46	−0.056%	$578K	$1.9M	50x	as long as short
Lighter BNB	+0.0096%	1h	787.74	−0.020%	$2.7M	$3.8M	20x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	787.60	−0.038%	$265K	$491K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	787.50	−0.051%	$1.4M	$2.7M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	788.01	+0.014%	$51.7M	$17.4M	10x	as long as short
Pacifica BNB	+0.0100%	1h	787.85	−0.006%	$1.2M	$934K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	787.26	−0.081%	$138.3M	$74.2M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	787.30	−0.076%	$53.4M	$112.0M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	787.90	0.000%	$52K	$134K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	787.50	−0.051%	$36.2M	$57.8M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	787.27	−0.080%	$27.6M	$10.2M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	786.96	−0.119%	$76.2M	$30.7M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	787.81	−0.011%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	786.61	−0.163%	$4.1M	$4.6M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	787.04	−0.109%	$4.1M	$74.5M	30x	as long as short
ApeX Omni BNBUSDTshort	+0.0100%	1h	787.54	−0.045%	$159K	$438K	50x
Polymarket Perps BNB-USD	+0.0100%	1h	787.44	−0.058%	$132K	$956K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	787.74	−0.021%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	788.17	+0.034%	$12K	$1.5M	50x	as long as short
HTX BNB-USDT	+0.0100%	8h	787.54	−0.045%	$8.1M	$9.8M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	787.96	+0.007%	$77K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	787.39	−0.065%	$1.8M	$6.3M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	787.63	−0.033%	$378K	$110K	10x	as long as short
Phoenix BNB	+0.0107%	1h	787.41	−0.062%	$169K	$35K	10x	as long as short
Kalshi KXBNBPERP	+0.0117%	8h	788.10	+0.026%	$122K	$2.7M	4.8x	as long as short
SoDEX BNB-USD	+0.0140%	1h	787.70	−0.025%	$387K	$997K	10x	as long as short
BloFin BNB-USDT	+0.0170%	8h	788.00	+0.013%	$17.8M	$2.2M	75x	as long as short
GRVT BNB_USDT_Perp	+0.0192%	8h	787.74	−0.020%	$2.9M	$29.1M	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0200%	1h	788.02	+0.015%	$1.5M	$143K	25x	as long as short
Bulk BNB-USD	+0.0260%	1h	788.17	+0.035%	$639K	$10K	10x	as long as short
01 Exchange BNBUSD	+0.0320%	1h	788.24	+0.043%	$28K	$4K	10x	as long as short
Reya BNBRUSDPERP	+0.0324%	1h	787.35	−0.069%	$6K	$3K	40x	as long as short
RISEx BNB/USDClong	+0.0432%	1h	787.90	long leg	$1.1M	$908K	20x
Hibachi BNB/USDT-P	+0.0448%	1h	787.66	−0.030%	$67K	$39K	12x	as long as short