Settings8H · net · $10k
Funding arb · Price arb /

BNB

all BNB markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.00 per $10,000 · paid last 24h +0.001%
Price spread now: Extended against ApeX Omni−0.055%7-day average −0.122% · you buy dearer than you sell
Net, funding: paid 7d − costs−$34as in the Funding arb table
Net, price: spread back to 7d avg − costs−$25as in the Price arb table
costs, in and out, $10k−$320.319% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.019%−$2 on $10k
Price spread, last 3 days (all we have)−0.084%−$8 · spread now −0.055%, 7d avg −0.122%
Together, before fees−0.104%+ Points / potential airdropExtended: Active · farm board−$10 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Extended is 0.067% dearer against ApeX Omni than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of −0.122%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni BNBUSDT798.820.0100pay 0.0013% / 1h27m 07s$161K$436K50x
ShortExtended BNB-USD798.380.0104get 0.0013% / 1h27m 07s$1.8M$6.3M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended 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

Funding earned
$0.84
Price spread: −0.055% → −0.122%
$6.66
Slippage, 4 orders
−$16.87
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$24.38
Costs to cover
0.319%
Break-even
210.1 days
Slippage from ApeX Omni: live order book, 45 min ago; Extended: live order book, 2 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy ApeX Omni live order book, 45 min ago2.06 bp7.9 bp −$830.4 bp −$304doesn't fitdoesn't fit
Sell Extended live order book, 2 min ago0.06 bp2.6 bp −$34.2 bp −$42doesn't fitdoesn't fit

BNB on 46 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GMX BNB/USD [WBTC.b-USDC]L −0.0159% / S +0.0334%1h798.72−0.012%$47K200xas long as short
Kraken Futures PF_BNBUSD−0.0121%1h798.69−0.016%$2.5M$1.0M50xas long as short
Hotstuff BNB-PERP−0.0080%1h799.51+0.086%$4K$23925xas long as short
BingX BNB-USDC−0.0028%8h799.25+0.054%$13.3Mas long as short
Bybit BNBUSDT−0.0014%8h798.50−0.040%$138.7M$75.5M75xas long as short
GRVT BNB_USDT_Perp0.0000%8h799.48+0.083%$3.0M$27.5M10xas long as short
StandX BNB-USD0.0000%1h799.70+0.110%$864K$2.9M30xas long as short
Gate BNB_USDT+0.0001%8h798.50−0.040%$35.8M$56.4M75xas long as short
Variational Omni BNB+0.0003%8h798.43−0.049%$4.1M$5.2Mas long as short
gTrade (Gains Network) BNB/USDL +0.0008% / S −0.0007%1h798.83+0.001%$9.7M150xas long as short
Show all 46 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Phemex BNBUSDT+0.0020%8h799.44+0.078%$69.8M$50.2M50xas long as short
Injective BNB/USDC PERP+0.0033%1h805.09+0.785%$19K$789K30xas long as short
Coinbase International BNB-PERP-INTX+0.0048%1h799.12+0.038%$615K$1.1M50xas long as short
Aster BNBUSDT+0.0060%8h799.29+0.059%$6.2M$19.2M200xas long as short
Binance BNBUSDT+0.0081%8h799.29+0.059%$496.0M$809.5M75xas long as short
MEXC BNB_USDT+0.0082%8h799.60+0.098%$83.1M$13.6M200xas long as short
Lighter BNB+0.0096%1h798.96+0.018%$2.8M$4.0M20xas long as short
Phoenix BNB+0.0099%1h798.91+0.011%$172K$36K10xas long as short
Nado BNB-PERP+0.0100%1h798.61−0.027%$1.5M$2.7M20xas long as short
Pacifica BNB+0.0100%1h799.10+0.035%$1.2M$924K20xas long as short
OKX BNB-USDT-SWAP+0.0100%8h798.60−0.028%$54.3M$111.0M50xas long as short
Arcus BNB-USD+0.0100%1h799.20+0.048%$53K$133K10xas long as short
KuCoin BNBUSDTM+0.0100%8h798.64−0.023%$27.9M$10.1M75xas long as short
Bitget BNBUSDT+0.0100%8h798.48−0.043%$78.8M$27.8M75xas long as short
edgeX BNBUSDC+0.0100%4h798.99+0.022%$4.2M$76.2M30xas long as short
ApeX Omni BNBUSDTlong+0.0100%1h798.82long leg$161K$436K50x
Polymarket Perps BNB-USD+0.0100%1h798.89+0.009%$117K$878K10xas long as short
Orderly PERP_BNB_USDC+0.0100%8h798.74−0.010%$386K$458K50xas long as short
Derive BNB-PERP+0.0100%1h798.85+0.004%$32K$5K10xas long as short
SunX BNB-USDT+0.0100%8h799.26+0.055%$13K$1.6M50xas long as short
SoDEX BNB-USD+0.0100%1h798.90+0.010%$393K$1.0M10xas long as short
HTX BNB-USDT+0.0100%8h798.70−0.016%$8.2M$8.3M75xas long as short
Paradex BNB-USD-PERP+0.0100%8h799.53+0.089%$78K$18K50xas long as short
Extended BNB-USDshort+0.0104%1h798.38−0.055%$1.8M$6.3M50x
Aevo BNB-PERP+0.0104%1h798.73−0.011%$384K$110K10xas long as short
Bulk BNB-USD+0.0127%1h799.28+0.057%$649K$10K10xas long as short
RISEx BNB/USDC+0.0155%1h798.96+0.017%$1.1M$1.4M20xas long as short
Kalshi KXBNBPERP+0.0155%8h799.40+0.073%$90K$2.8M4.8xas long as short
Hibachi BNB/USDT-P+0.0200%1h799.61+0.099%$69K$38K12xas long as short
Deribit BNB_USDC-PERPETUAL+0.0200%1h799.17+0.044%$1.6M$161K25xas long as short
BloFin BNB-USDT+0.0201%8h799.28+0.058%$18.1M$2.6M75xas long as short
01 Exchange BNBUSD+0.0208%1h799.57+0.094%$28K$1K10xas long as short
dYdX BNB-USD+0.0225%1h799.33+0.064%$161K$63K10xas long as short
Hyperliquid BNB+0.0306%1h799.59+0.096%$53.1M$20.7M10xas long as short
Reya BNBRUSDPERP+0.0330%1h798.56−0.032%$6K$3K40xas long as short
Backpack BNB_USDC_PERP+0.0392%1h799.50+0.085%$2.7M$5.7M40xas long as short