Funding you earn now, next payment 07:00 UTC−0.0046%/8h= −5.0% APRpaid last 24h −0.013%
Price spread now: BingX against ApeX Omni+0.047%68s7-day average −0.056% · you sell dearer than you buy
Net, funding: paid 7d − costs−$39as 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−$340.343% of the position
Funding, last 7 days−0.047%−$5 on $10k
+Price spread, last 4 days (all we have)−0.145%−$15 · spread now +0.047%, 7d avg −0.056%
=The price spread pays, funding is against you. BingX is 0.103% dearer against ApeX Omni than usual: you sell high and buy low (spread +0.047% now, against its 7-day average of −0.056%): +$10 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 7.4 days. At the pace of the last 7 days (−0.047% in total) that is about 15 days. The two prices were read 68 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 | ApeX Omni BNBUSDT | 786.43 | 0.0100 | pay 0.0013% / 1h | 50m 26s | $158K | $436K | 50x |
| Short | BingX BNB-USDC | 786.80 | 0.0054 | get 0.0054% / 8h | 1h 50m | — | $13.4M | — |
ApeX Omni BNBUSDT
BingX BNB-USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against ApeX Omni. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$9.66
- Price spread: +0.047% → −0.056%
- $10.28
- Slippage, 4 orders
- −$14.31
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$33.69
- Costs to cover
- 0.343%
- Break-even
- never at this rate
Slippage from ApeX Omni: live order book, 57 min ago; BingX: live order book, 3 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 ApeX Omni live order book, 57 min ago | 5.15 bp | 10.9 bp −$11 | 32.9 bp −$329 | doesn't fit | doesn't fit |
| Sell BingX live order book, 3 min ago | 0.25 bp | 5.6 bp −$6 | 9.1 bp −$91 | 19.9 bp −$1,988 | 67.2 bp −$33.6K |
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 −0.0170% / S +0.0337% | 1h | 787.27 | +0.107% | $43K | — | 200x | as long as short |
| Hotstuff BNB-PERP | −0.0080% | 1h | 786.57 | +0.018% | $4K | $42 | 25x | as long as short |
| StandX BNB-USD | 0.0000% | 1h | 787.31 | +0.112% | $849K | $2.9M | 30x | as long as short |
| gTrade (Gains Network) BNB/USD | L +0.0007% / S −0.0007% | 1h | 787.40 | +0.124% | $9.5M | — | 150x | as long as short |
| Injective BNB/USDC PERP | +0.0033% | 1h | 805.09 | +2.373% | $19K | $789K | 30x | as long as short |
| Aster BNBUSDT | +0.0048% | 8h | 787.97 | +0.196% | $6.1M | $19.0M | 200x | as long as short |
| BingX BNB-USDCshort | +0.0054% | 8h | 786.80 | +0.047% | — | $13.4M | — | |
| dYdX BNB-USD | +0.0060% | 1h | 787.12 | +0.088% | $159K | $62K | 10x | as long as short |
| MEXC BNB_USDT | +0.0066% | 8h | 788.50 | +0.263% | $81.0M | $12.0M | 200x | as long as short |
| Binance BNBUSDT | +0.0067% | 8h | 788.00 | +0.199% | $490.6M | $816.2M | 75x | as long as short |
GMX BNB/USD [WBTC.b-USDC]
Hotstuff BNB-PERP
StandX BNB-USD
gTrade (Gains Network) BNB/USD
Injective BNB/USDC PERP
Aster BNBUSDT
dYdX BNB-USD
MEXC BNB_USDT
Binance BNBUSDTShow all 46 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phemex BNBUSDT | +0.0074% | 8h | 787.42 | +0.126% | $68.9M | $51.1M | 50x | as long as short |
| Coinbase International BNB-PERP-INTX | +0.0080% | 1h | 786.56 | +0.017% | $568K | $1.9M | 50x | as long as short |
| Lighter BNB | +0.0096% | 1h | 787.48 | +0.133% | $2.7M | $3.8M | 20x | as long as short |
| Orderly PERP_BNB_USDC | +0.0100% | 8h | 786.79 | +0.046% | $265K | $471K | 50x | as long as short |
| Nado BNB-PERP | +0.0100% | 1h | 786.15 | −0.036% | $1.4M | $2.7M | 20x | as long as short |
| Pacifica BNB | +0.0100% | 1h | 787.61 | +0.150% | $1.2M | $933K | 20x | as long as short |
| Bybit BNBUSDT | +0.0100% | 8h | 787.27 | +0.107% | $138.6M | $75.2M | 75x | as long as short |
| OKX BNB-USDT-SWAP | +0.0100% | 8h | 787.20 | +0.098% | $53.5M | $113.2M | 50x | as long as short |
| Arcus BNB-USD | +0.0100% | 1h | 787.60 | +0.149% | $52K | $129K | 10x | as long as short |
| Gate BNB_USDT | +0.0100% | 8h | 787.35 | +0.117% | $37.1M | $58.7M | 75x | as long as short |
| KuCoin BNBUSDTM | +0.0100% | 8h | 787.18 | +0.095% | $27.7M | $10.2M | 75x | as long as short |
| Bitget BNBUSDT | +0.0100% | 8h | 787.23 | +0.102% | $76.2M | $31.1M | 75x | as long as short |
| Variational Omni BNB | +0.0100% | 8h | 786.52 | +0.011% | $4.0M | $4.8M | — | as long as short |
| edgeX BNBUSDC | +0.0100% | 4h | 786.76 | +0.041% | $4.1M | $75.8M | 30x | as long as short |
| ApeX Omni BNBUSDTlong | +0.0100% | 1h | 786.43 | long leg | $158K | $436K | 50x | |
| Polymarket Perps BNB-USD | +0.0100% | 1h | 787.24 | +0.103% | $132K | $949K | 10x | as long as short |
| Derive BNB-PERP | +0.0100% | 1h | 786.93 | +0.064% | $31K | $12K | 10x | as long as short |
| SunX BNB-USDT | +0.0100% | 8h | 787.28 | +0.108% | $12K | $1.5M | 50x | as long as short |
| SoDEX BNB-USD | +0.0100% | 1h | 786.90 | +0.060% | $387K | $986K | 10x | as long as short |
| HTX BNB-USDT | +0.0100% | 8h | 786.52 | +0.012% | $8.0M | $10.1M | 75x | as long as short |
| Paradex BNB-USD-PERP | +0.0101% | 8h | 787.80 | +0.175% | $77K | $17K | 50x | as long as short |
| Extended BNB-USD | +0.0104% | 1h | 787.00 | +0.072% | $1.8M | $6.2M | 50x | as long as short |
| Aevo BNB-PERP | +0.0104% | 1h | 786.81 | +0.048% | $378K | $110K | 10x | as long as short |
| Kalshi KXBNBPERP | +0.0133% | 8h | 787.30 | +0.111% | $169K | $2.7M | 4.8x | as long as short |
| Phoenix BNB | +0.0135% | 1h | 787.00 | +0.072% | $169K | $35K | 10x | as long as short |
| Hyperliquid BNB | +0.0138% | 1h | 788.08 | +0.210% | $51.6M | $17.6M | 10x | as long as short |
| BloFin BNB-USDT | +0.0187% | 8h | 787.31 | +0.112% | $17.8M | $2.2M | 75x | as long as short |
| Backpack BNB_USDC_PERP | +0.0197% | 1h | 787.34 | +0.116% | $2.2M | $6.1M | 40x | as long as short |
| Kraken Futures PF_BNBUSD | +0.0206% | 1h | 786.62 | +0.024% | $2.5M | $1.2M | 50x | as long as short |
| GRVT BNB_USDT_Perp | +0.0226% | 8h | 787.01 | +0.074% | $2.9M | $29.6M | 10x | as long as short |
| 01 Exchange BNBUSD | +0.0272% | 1h | 788.00 | +0.200% | $28K | $4K | 10x | as long as short |
| Deribit BNB_USDC-PERPETUAL | +0.0300% | 1h | 787.19 | +0.097% | $1.5M | $143K | 25x | as long as short |
| Reya BNBRUSDPERP | +0.0322% | 1h | 787.11 | +0.086% | $6K | $3K | 40x | as long as short |
| Bulk BNB-USD | +0.0328% | 1h | 787.20 | +0.098% | $638K | $4K | 10x | as long as short |
| RISEx BNB/USDC | +0.0438% | 1h | 787.68 | +0.159% | $1.1M | $909K | 20x | as long as short |
| Hibachi BNB/USDT-P | +0.0560% | 1h | 786.62 | +0.024% | $67K | $39K | 12x | as long as short |
Phemex BNBUSDT
Coinbase International BNB-PERP-INTX
Lighter BNB
Orderly PERP_BNB_USDC
Nado BNB-PERP
Pacifica BNB
Bybit BNBUSDT
OKX BNB-USDT-SWAP
Arcus BNB-USD
Gate BNB_USDT
KuCoin BNBUSDTM
Bitget BNBUSDT
Variational Omni BNB
edgeX BNBUSDC
Polymarket Perps BNB-USD
Derive BNB-PERP
SunX BNB-USDT
SoDEX BNB-USD
HTX BNB-USDT
Paradex BNB-USD-PERP
Extended BNB-USD
Aevo BNB-PERP
Kalshi KXBNBPERP
Phoenix BNB
Hyperliquid BNB
BloFin BNB-USDT
Backpack BNB_USDC_PERP
Kraken Futures PF_BNBUSD
GRVT BNB_USDT_Perp
01 Exchange BNBUSD
Deribit BNB_USDC-PERPETUAL
Reya BNBRUSDPERP
Bulk BNB-USD
RISEx BNB/USDC
Hibachi BNB/USDT-P