Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.005%

Price spread now: Derive against ApeX Omni−0.003%7-day average — · you buy dearer than you sell

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

Long on ApeX Omni Short on Derive

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni BNBUSDT	788.22	0.0100	pay 0.0013% / 1h	54m 59s	$158K	$439K	50x
Short	Derive BNB-PERP	788.19	0.0100	get 0.0013% / 1h	54m 59s	$31K	$12K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Derive 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 DerivebpOrdersPrice spread, now −0.003%Rate

Funding earned: $0
Price spread: −0.003% → 0.000%: −$0.32
Slippage, 4 orders: no order book: not counted
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Derive: 3 bp × 2 orders: −$6
Net: −$16.32
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: ApeX Omni: live order book, 8 min ago; Derive: no order-book sample. 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 ApeX Omni live order book, 8 min ago	6.20 bp	11.2 bp −$11	35.1 bp −$351	doesn't fit	doesn't fit
Sell Derive no order-book sample	—	—	—	—	—

Derive: 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 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 −0.0167% / S +0.0335%	1h	788.05	−0.021%	$46K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	788.91	+0.088%	$4K	$239	25x	as long as short
StandX BNB-USD	0.0000%	1h	790.38	+0.274%	$854K	$3.2M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	788.03	−0.025%	$9.6M	—	150x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.140%	$19K	$789K	30x	as long as short
Aster BNBUSDT	+0.0036%	8h	788.87	+0.082%	$6.2M	$18.7M	200x	as long as short
Coinbase International BNB-PERP-INTX	+0.0048%	1h	789.66	+0.183%	$619K	$1.8M	50x	as long as short
BingX BNB-USDT	+0.0054%	8h	788.69	+0.060%	—	$34.5M	—	as long as short
Phemex BNBUSDT	+0.0060%	8h	788.69	+0.060%	$69.0M	$50.8M	50x	as long as short
Variational Omni BNB	+0.0066%	8h	789.32	+0.140%	$4.1M	$4.8M	—	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC BNB_USDT	+0.0069%	8h	789.00	+0.099%	$80.4M	$12.4M	200x	as long as short
Binance BNBUSDT	+0.0069%	8h	789.17	+0.120%	$494.1M	$808.6M	75x	as long as short
Gate BNB_USDT	+0.0081%	8h	788.35	+0.016%	$35.4M	$56.2M	75x	as long as short
Phoenix BNB	+0.0088%	1h	789.07	+0.108%	$170K	$35K	10x	as long as short
Kraken Futures PF_BNBUSD	+0.0091%	1h	788.10	−0.015%	$2.5M	$1.2M	50x	as long as short
Lighter BNB	+0.0096%	1h	788.67	+0.057%	$2.8M	$3.9M	20x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	788.07	−0.019%	$381K	$380K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	788.35	+0.016%	$1.5M	$2.6M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	789.08	+0.109%	$51.7M	$18.7M	10x	as long as short
Pacifica BNB	+0.0100%	1h	788.66	+0.056%	$1.2M	$909K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	788.50	+0.036%	$138.7M	$78.1M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	788.50	+0.036%	$53.3M	$112.4M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	788.70	+0.061%	$52K	$135K	10x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	788.30	+0.010%	$27.8M	$10.3M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	788.16	−0.008%	$76.9M	$30.0M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	788.79	+0.072%	$2.2M	$6.1M	40x	as long as short
edgeX BNBUSDC	+0.0100%	4h	788.30	+0.010%	$4.1M	$76.4M	30x	as long as short
ApeX Omni BNBUSDTlong	+0.0100%	1h	788.22	long leg	$158K	$439K	50x
Polymarket Perps BNB-USD	+0.0100%	1h	788.00	−0.028%	$137K	$945K	10x	as long as short
Derive BNB-PERPshort	+0.0100%	1h	788.19	−0.003%	$31K	$12K	10x
SunX BNB-USDT	+0.0100%	8h	788.92	+0.089%	$12K	$1.6M	50x	as long as short
HTX BNB-USDT	+0.0100%	8h	788.58	+0.046%	$8.1M	$9.0M	75x	as long as short
Paradex BNB-USD-PERP	+0.0102%	8h	789.23	+0.128%	$77K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	787.82	−0.051%	$1.8M	$5.9M	50x	as long as short
GRVT BNB_USDT_Perp	+0.0104%	8h	788.27	+0.007%	$2.9M	$27.9M	10x	as long as short
Aevo BNB-PERP	+0.0104%	1h	788.26	+0.005%	$379K	$110K	10x	as long as short
SoDEX BNB-USD	+0.0115%	1h	788.30	+0.010%	$388K	$1.0M	10x	as long as short
Kalshi KXBNBPERP	+0.0175%	8h	788.70	+0.061%	$91K	$2.8M	4.8x	as long as short
dYdX BNB-USD	+0.0219%	1h	788.97	+0.095%	$160K	$64K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	788.54	+0.041%	$1.5M	$160K	25x	as long as short
01 Exchange BNBUSD	+0.0320%	1h	789.04	+0.104%	$28K	$4K	10x	as long as short
Reya BNBRUSDPERP	+0.0328%	1h	787.81	−0.052%	$6K	$3K	40x	as long as short
Bulk BNB-USD	+0.0340%	1h	789.39	+0.148%	$639K	$13K	10x	as long as short
RISEx BNB/USDC	+0.0361%	1h	788.75	+0.067%	$1.1M	$1.1M	20x	as long as short
Hibachi BNB/USDT-P	+0.0544%	1h	789.41	+0.151%	$67K	$39K	12x	as long as short