Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: edgeX against ApeX Omni−0.008%7-day average +0.004% · you buy dearer than you sell

Net, funding: paid 7d − costs−$33as in the Funding arb table

Net, price: spread back to 7d avg − costs−$34as in the Price arb table

costs, in and out, $10k−$330.332% of the position

Long on ApeX Omni Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 3 days (all we have)+0.007%+$1 · spread now −0.008%, 7d avg +0.004%

Together, before fees+0.007%+ Points / potential airdropedgeX: Active · farm board+$1 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni BNBUSDT	803.25	0.0100	pay 0.0013% / 1h	45m 23s	$162K	$442K	50x
Short	edgeX BNBUSDC	803.19	0.0100	get 0.0050% / 4h	45m 23s	$4.2M	$77.8M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now −0.008%Rate

Funding earned: $0
Price spread: −0.008% → +0.004%: −$1.2
Slippage, 4 orders: −$14.2
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$34.4
Costs to cover: 0.332%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 32 min ago; edgeX: live order book, 4 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, 32 min ago	4.55 bp	9.6 bp −$10	38.4 bp −$384	doesn't fit	doesn't fit
Sell edgeX live order book, 4 min ago	2.49 bp	7.0 bp −$7	7.0 bp −$70	10.9 bp −$1,088	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 −0.0201% / S +0.0372%	1h	802.97	−0.035%	$48K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	803.50	+0.031%	$4K	$1K	25x	as long as short
Kraken Futures PF_BNBUSD	−0.0074%	1h	802.89	−0.045%	$2.6M	$969K	50x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	803.05	−0.025%	$3.0M	$28.0M	10x	as long as short
StandX BNB-USD	0.0000%	1h	803.38	+0.016%	$868K	$2.9M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	803.06	−0.024%	$9.8M	—	150x	as long as short
Variational Omni BNB	+0.0027%	8h	802.45	−0.100%	$4.2M	$5.4M	—	as long as short
BingX BNB-USDC	+0.0052%	8h	802.98	−0.034%	—	$13.3M	—	as long as short
Bybit BNBUSDT	+0.0062%	8h	802.53	−0.090%	$139.3M	$78.6M	75x	as long as short
Coinbase International BNB-PERP-INTX	+0.0072%	1h	800.72	−0.315%	$607K	$995K	50x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter BNB	+0.0096%	1h	803.42	+0.021%	$2.8M	$4.1M	20x	as long as short
Nado BNB-PERP	+0.0100%	1h	802.71	−0.068%	$1.4M	$2.7M	20x	as long as short
Pacifica BNB	+0.0100%	1h	803.30	+0.006%	$1.2M	$926K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	802.70	−0.068%	$54.7M	$113.6M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	803.50	+0.031%	$53K	$133K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	802.85	−0.050%	$35.9M	$57.7M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	802.92	−0.041%	$28.1M	$10.3M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	802.67	−0.072%	$79.6M	$27.4M	75x	as long as short
edgeX BNBUSDCshort	+0.0100%	4h	803.19	−0.008%	$4.2M	$77.8M	30x
ApeX Omni BNBUSDTlong	+0.0100%	1h	803.25	long leg	$162K	$442K	50x
Polymarket Perps BNB-USD	+0.0100%	1h	802.91	−0.042%	$119K	$873K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	802.99	−0.032%	$388K	$497K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	803.24	−0.001%	$32K	$5K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	803.58	+0.041%	$13K	$1.7M	50x	as long as short
HTX BNB-USDT	+0.0100%	8h	803.23	−0.003%	$8.2M	$8.0M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	803.64	+0.049%	$78K	$19K	50x	as long as short
Aster BNBUSDT	+0.0104%	8h	803.75	+0.062%	$6.4M	$19.0M	200x	as long as short
Extended BNB-USD	+0.0104%	1h	802.49	−0.094%	$1.9M	$6.4M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	803.06	−0.024%	$386K	$40K	10x	as long as short
Phemex BNBUSDT	+0.0111%	8h	803.58	+0.041%	$70.2M	$51.0M	50x	as long as short
SoDEX BNB-USD	+0.0111%	1h	803.20	−0.006%	$395K	$1.0M	10x	as long as short
Kalshi KXBNBPERP	+0.0113%	8h	803.60	+0.044%	$110K	$2.9M	4.8x	as long as short
MEXC BNB_USDT	+0.0124%	8h	803.80	+0.068%	$83.6M	$13.5M	200x	as long as short
Binance BNBUSDT	+0.0125%	8h	803.61	+0.045%	$502.6M	$817.3M	75x	as long as short
Phoenix BNB	+0.0127%	1h	803.09	−0.020%	$173K	$36K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0200%	1h	803.40	+0.019%	$1.6M	$165K	25x	as long as short
Hibachi BNB/USDT-P	+0.0232%	1h	803.31	+0.008%	$71K	$43K	12x	as long as short
Hyperliquid BNB	+0.0238%	1h	803.76	+0.063%	$52.1M	$21.4M	10x	as long as short
BloFin BNB-USDT	+0.0245%	8h	803.42	+0.021%	$18.2M	$2.6M	75x	as long as short
RISEx BNB/USDC	+0.0258%	1h	803.22	−0.004%	$1.1M	$1.4M	20x	as long as short
Injective BNB/USDC PERP	+0.0306%	1h	805.09	+0.229%	$19K	$789K	30x	as long as short
Bulk BNB-USD	+0.0309%	1h	803.58	+0.041%	$653K	$20K	10x	as long as short
Reya BNBRUSDPERP	+0.0332%	1h	802.58	−0.084%	$6K	$3K	40x	as long as short
Backpack BNB_USDC_PERP	+0.0359%	1h	804.14	+0.111%	$2.7M	$5.7M	40x	as long as short
01 Exchange BNBUSD	+0.0368%	1h	803.68	+0.054%	$28K	$1K	10x	as long as short
dYdX BNB-USD	+0.0465%	1h	802.89	−0.045%	$162K	$62K	10x	as long as short