Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0083%/8h= +9.1% APRpaid last 24h +0.038%

Price spread now: BloFin against ApeX Omni+0.062%7-day average +0.021% · you sell dearer than you buy

Net, funding: paid 7d − costs−$17as in the Funding arb table

Net, price: spread back to 7d avg − costs−$29as in the Price arb table

costs, in and out, $10k−$330.333% of the position

Long on ApeX Omni Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.166%+$17 on $10k

Price spread, last 4 days (all we have)−0.041%−$4 · spread now +0.062%, 7d avg +0.021%

Together, before fees+0.125%+$13 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and BloFin is 0.041% dearer against ApeX Omni than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.021%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni BNBUSDT	787.70	0.0100	pay 0.0013% / 1h	21m 12s	$159K	$437K	50x
Short	BloFin BNB-USDT	788.19	0.0183	get 0.0183% / 8h	1h 21m	$17.7M	$2.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 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 ApeX OmnibpFee BloFinbpOrdersPrice spread, now +0.062%Rate

Funding earned: $17.4
Price spread: +0.062% → +0.021%: $4.1
Slippage, 4 orders: −$11.34
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$11.84
Costs to cover: 0.333%
Break-even: 11.8 days

Slippage from ApeX Omni: live order book, 21 min ago; BloFin: 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, 21 min ago	5.15 bp	10.3 bp −$10	33.7 bp −$337	doesn't fit	doesn't fit
Sell BloFin live order book, 3 min ago	0.13 bp	6.7 bp −$7	7.9 bp −$79	13.8 bp −$1,377	doesn't fit

BNB on 45 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	787.60	−0.013%	$43K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	787.81	+0.014%	$4K	$42	25x	as long as short
StandX BNB-USD	0.0000%	1h	788.06	+0.046%	$850K	$2.8M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	787.72	+0.002%	$9.5M	—	150x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.208%	$19K	$789K	30x	as long as short
Aster BNBUSDT	+0.0051%	8h	788.23	+0.068%	$6.1M	$18.8M	200x	as long as short
BingX BNB-USDC	+0.0051%	8h	787.85	+0.019%	—	$13.4M	—	as long as short
Binance BNBUSDT	+0.0063%	8h	788.20	+0.063%	$490.9M	$818.8M	75x	as long as short
MEXC BNB_USDT	+0.0063%	8h	788.80	+0.140%	$81.1M	$12.1M	200x	as long as short
dYdX BNB-USD	+0.0066%	1h	787.95	+0.032%	$160K	$62K	10x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex BNBUSDT	+0.0074%	8h	788.26	+0.071%	$68.9M	$51.1M	50x	as long as short
Coinbase International BNB-PERP-INTX	+0.0080%	1h	787.30	−0.051%	$568K	$1.9M	50x	as long as short
Lighter BNB	+0.0096%	1h	787.83	+0.017%	$2.7M	$3.8M	20x	as long as short
Nado BNB-PERP	+0.0100%	1h	787.65	−0.006%	$1.4M	$2.7M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	788.29	+0.075%	$51.6M	$17.7M	10x	as long as short
Pacifica BNB	+0.0100%	1h	788.04	+0.043%	$1.2M	$933K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	787.60	−0.013%	$138.6M	$75.1M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	787.50	−0.025%	$53.6M	$113.3M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	788.00	+0.038%	$52K	$129K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	787.65	−0.006%	$37.6M	$59.3M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	787.42	−0.036%	$27.7M	$10.2M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	787.40	−0.038%	$76.2M	$31.2M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	788.09	+0.050%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	787.71	+0.002%	$4.1M	$4.8M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	788.00	+0.038%	$4.1M	$76.3M	30x	as long as short
ApeX Omni BNBUSDTlong	+0.0100%	1h	787.70	long leg	$159K	$437K	50x
Polymarket Perps BNB-USD	+0.0100%	1h	787.62	−0.010%	$132K	$951K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	787.68	−0.003%	$265K	$470K	50x	as long as short
SunX BNB-USDT	+0.0100%	8h	788.26	+0.071%	$12K	$1.5M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	787.80	+0.013%	$387K	$980K	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	787.76	+0.008%	$8.0M	$10.2M	75x	as long as short
Paradex BNB-USD-PERP	+0.0101%	8h	788.36	+0.083%	$78K	$18K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	787.36	−0.043%	$1.8M	$6.0M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	787.66	−0.005%	$378K	$110K	10x	as long as short
Kalshi KXBNBPERP	+0.0129%	8h	788.50	+0.102%	$170K	$2.7M	4.8x	as long as short
Phoenix BNB	+0.0135%	1h	787.70	0.000%	$169K	$35K	10x	as long as short
BloFin BNB-USDTshort	+0.0183%	8h	788.19	+0.062%	$17.7M	$2.2M	75x
Deribit BNB_USDC-PERPETUAL	+0.0200%	1h	788.09	+0.050%	$1.5M	$145K	25x	as long as short
Kraken Futures PF_BNBUSD	+0.0205%	1h	787.59	−0.014%	$2.5M	$1.2M	50x	as long as short
GRVT BNB_USDT_Perp	+0.0230%	8h	788.19	+0.062%	$2.9M	$29.6M	10x	as long as short
01 Exchange BNBUSD	+0.0248%	1h	788.28	+0.074%	$28K	$4K	10x	as long as short
Bulk BNB-USD	+0.0262%	1h	788.32	+0.079%	$639K	$4K	10x	as long as short
Reya BNBRUSDPERP	+0.0322%	1h	787.40	−0.038%	$6K	$3K	40x	as long as short
RISEx BNB/USDC	+0.0438%	1h	788.02	+0.040%	$1.1M	$915K	20x	as long as short
Hibachi BNB/USDT-P	+0.0512%	1h	787.65	−0.006%	$67K	$39K	12x	as long as short