BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0020%/8h= +2.2% APRnext payment +$0.03 per $10,000 · paid last 24h −0.006%

Price spread now: Coinbase International against ApeX Omni+0.013%75s7-day average −0.070% · you sell dearer than you buy

Net, funding: paid 7d − costs−$47as 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−$370.365% of the position

Long on ApeX Omni Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−0.103%−$10 on $10k

Price spread, last 4 days (all we have)−0.195%−$19 · spread now +0.013%, 7d avg −0.070%

Together, before fees−0.297%−$30 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Coinbase International is 0.083% dearer against ApeX Omni than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of −0.070%. Mind the row above: over the last 7 days funding on this pair cost −0.103%, so the current rate has only just turned in your favour. The two prices were read 75 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	787.38	0.0100	pay 0.0013% / 1h	49m 48s	$158K	$444K	50x
Short	Coinbase International BNB-PERP-INTX	787.48	0.0120	get 0.0015% / 1h	49m 48s	$545K	$1.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now +0.013%Rate

Funding earned: $4.2
Price spread: +0.013% → −0.070%: $8.3
Slippage, 4 orders: −$16.51
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$24
Costs to cover: 0.365%
Break-even: 47.0 days

Slippage from ApeX Omni: live order book, 60 min ago; Coinbase International: live order book, 2 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, 60 min ago	4.07 bp	10.0 bp −$10	31.9 bp −$319	doesn't fit	doesn't fit
Sell Coinbase International live order book, 2 min ago	1.02 bp	7.0 bp −$7	12.6 bp −$126	doesn't fit	doesn't fit

BNB on 45 exchanges

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 −0.0166% / S +0.0336%	1h	787.06	−0.041%	$43K	—	200x	as long as short
Kraken Futures PF_BNBUSD	−0.0085%	1h	787.15	−0.029%	$2.5M	$1.2M	50x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	788.09	+0.090%	$4K	—	25x	as long as short
Aster BNBUSDT	0.0000%	8h	787.84	+0.059%	$5.9M	$17.0M	200x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	787.73	+0.044%	$2.9M	$26.5M	10x	as long as short
Kalshi KXBNBPERP	0.0000%	8h	787.70	+0.041%	$139K	$2.5M	4.8x	as long as short
StandX BNB-USD	0.0000%	1h	787.93	+0.070%	$850K	$2.9M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	787.21	−0.021%	$9.5M	—	150x	as long as short
Binance BNBUSDT	+0.0015%	8h	787.84	+0.058%	$481.5M	$764.2M	75x	as long as short
MEXC BNB_USDT	+0.0015%	8h	788.80	+0.180%	$83.3M	$11.7M	200x	as long as short

Show all 45 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.249%	$19K	$789K	30x	as long as short
Bybit BNBUSDT	+0.0039%	8h	786.90	−0.061%	$138.6M	$66.0M	75x	as long as short
BloFin BNB-USDT	+0.0061%	8h	787.98	+0.076%	$18.4M	$2.2M	75x	as long as short
Lighter BNB	+0.0096%	1h	787.29	−0.011%	$2.7M	$3.3M	20x	as long as short
Phemex BNBUSDT	+0.0097%	8h	787.95	+0.072%	$68.5M	$51.0M	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	786.94	−0.056%	$1.4M	$2.4M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	787.79	+0.052%	$51.9M	$16.8M	10x	as long as short
Pacifica BNB	+0.0100%	1h	787.37	−0.002%	$1.2M	$932K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	787.00	−0.048%	$53.3M	$101.8M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	787.50	+0.015%	$57K	$122K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	787.15	−0.029%	$41.2M	$53.9M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	787.05	−0.042%	$28.2M	$9.6M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	786.87	−0.065%	$75.8M	$30.9M	75x	as long as short
BingX BNB-USDT	+0.0100%	8h	787.39	+0.001%	—	$50.2M	—	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	787.73	+0.044%	$2.2M	$6.0M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	786.35	−0.131%	$4.3M	$4.5M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	787.63	+0.032%	$4.1M	$74.6M	30x	as long as short
ApeX Omni BNBUSDTlong	+0.0100%	1h	787.38	long leg	$158K	$444K	50x
Polymarket Perps BNB-USD	+0.0100%	1h	787.29	−0.011%	$130K	$905K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	787.25	−0.017%	$264K	$297K	50x	as long as short
SunX BNB-USDT	+0.0100%	8h	788.00	+0.079%	$12K	$1.3M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	787.40	+0.003%	$387K	$926K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0100%	1h	787.60	+0.027%	$1.5M	$157K	25x	as long as short
HTX BNB-USDT	+0.0100%	8h	787.27	−0.014%	$8.0M	$9.9M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	787.64	+0.033%	$88K	$446K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	786.74	−0.081%	$1.8M	$5.6M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	787.22	−0.020%	$378K	$110K	10x	as long as short
Phoenix BNB	+0.0120%	1h	787.92	+0.069%	$158K	$45K	10x	as long as short
Coinbase International BNB-PERP-INTXshort	+0.0120%	1h	787.48	+0.013%	$545K	$1.9M	50x
01 Exchange BNBUSD	+0.0240%	1h	787.87	+0.062%	$28K	$3K	10x	as long as short
Bulk BNB-USD	+0.0282%	1h	788.09	+0.091%	$639K	$0	10x	as long as short
Reya BNBRUSDPERP	+0.0317%	1h	786.56	−0.104%	$6K	$3K	40x	as long as short
Hibachi BNB/USDT-P	+0.0320%	1h	787.18	−0.025%	$67K	$37K	12x	as long as short
RISEx BNB/USDC	+0.0393%	1h	787.24	−0.018%	$1.1M	$901K	20x	as long as short
dYdX BNB-USD	+0.1136%	1h	787.47	+0.012%	$158K	$34K	10x	as long as short