Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0023%/8h= +2.5% APRpaid last 24h +0.011%

Price spread now: MEXC against ApeX Omni−0.055%7-day average +0.110% · 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−$43as in the Price arb table

costs, in and out, $10k−$270.270% of the position

Long on ApeX Omni Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.069%−$7 on $10k

Price spread, last 3 days (all we have)+0.227%+$23 · spread now −0.055%, 7d avg +0.110%

Together, before fees+0.158%+$16 on $10k · with fees, hour by hour

Funding pays, the price is against you. MEXC is 0.164% cheaper against ApeX Omni than usual: you would sell low and buy high (spread −0.055% now, against its 7-day average of +0.110%). If the spread goes back, that is −$16 on $10k: about 24 days of funding at the current rate (+$1 a day). Mind the row above: over the last 7 days funding on this pair cost −0.069%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni BNBUSDT	803.34	0.0100	pay 0.0013% / 1h	41m 29s	$162K	$442K	50x
Short	MEXC BNB_USDT	802.90	0.0123	get 0.0123% / 8h	41m 29s	$83.5M	$13.5M	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.055%Rate

Funding earned: $4.83
Price spread: −0.055% → +0.110%: −$16.45
Slippage, 4 orders: −$12.95
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$38.57
Costs to cover: 0.270%
Break-even: 62.9 days

Slippage from ApeX Omni: live order book, 36 min ago; MEXC: 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, 36 min ago	4.55 bp	9.6 bp −$10	38.4 bp −$384	doesn't fit	doesn't fit
Sell MEXC live order book, 3 min ago	1.87 bp	3.9 bp −$4	6.7 bp −$67	13.4 bp −$1,340	29.0 bp −$14.5K

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	802.02	−0.164%	$48K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	802.26	−0.134%	$4K	$1K	25x	as long as short
Kraken Futures PF_BNBUSD	−0.0074%	1h	801.53	−0.226%	$2.6M	$970K	50x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	802.87	−0.059%	$3.0M	$28.0M	10x	as long as short
StandX BNB-USD	0.0000%	1h	803.34	0.000%	$868K	$2.9M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	801.96	−0.171%	$9.8M	—	150x	as long as short
Variational Omni BNB	+0.0027%	8h	802.45	−0.111%	$4.2M	$5.4M	—	as long as short
BingX BNB-USDC	+0.0052%	8h	802.33	−0.126%	—	$13.3M	—	as long as short
Bybit BNBUSDT	+0.0058%	8h	801.60	−0.217%	$139.2M	$78.6M	75x	as long as short
Coinbase International BNB-PERP-INTX	+0.0072%	1h	800.72	−0.326%	$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	801.90	−0.179%	$2.8M	$4.1M	20x	as long as short
Nado BNB-PERP	+0.0100%	1h	801.68	−0.207%	$1.4M	$2.7M	20x	as long as short
Pacifica BNB	+0.0100%	1h	801.84	−0.187%	$1.2M	$926K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	801.40	−0.241%	$54.6M	$113.4M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	802.20	−0.142%	$53K	$133K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	801.80	−0.192%	$35.9M	$57.8M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	801.84	−0.187%	$28.0M	$10.3M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	801.70	−0.204%	$79.5M	$27.4M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	803.59	+0.031%	$4.2M	$77.8M	30x	as long as short
ApeX Omni BNBUSDTlong	+0.0100%	1h	803.34	long leg	$162K	$442K	50x
Polymarket Perps BNB-USD	+0.0100%	1h	801.84	−0.187%	$117K	$875K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	801.89	−0.180%	$387K	$497K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	801.94	−0.174%	$32K	$5K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	802.36	−0.122%	$13K	$1.7M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	801.80	−0.192%	$394K	$1.0M	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	802.26	−0.134%	$8.2M	$8.0M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	802.23	−0.138%	$78K	$19K	50x	as long as short
Aster BNBUSDT	+0.0100%	8h	802.48	−0.107%	$6.4M	$19.0M	200x	as long as short
Extended BNB-USD	+0.0104%	1h	801.44	−0.237%	$1.8M	$6.4M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	801.90	−0.179%	$385K	$40K	10x	as long as short
Phemex BNBUSDT	+0.0113%	8h	802.37	−0.121%	$70.1M	$50.9M	50x	as long as short
Kalshi KXBNBPERP	+0.0115%	8h	802.40	−0.117%	$110K	$2.9M	4.8x	as long as short
MEXC BNB_USDTshort	+0.0123%	8h	802.90	−0.055%	$83.5M	$13.5M	200x
Binance BNBUSDT	+0.0123%	8h	802.56	−0.097%	$501.9M	$817.2M	75x	as long as short
Phoenix BNB	+0.0127%	1h	802.03	−0.163%	$172K	$36K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0200%	1h	802.13	−0.151%	$1.6M	$165K	25x	as long as short
Hyperliquid BNB	+0.0218%	1h	802.70	−0.080%	$52.0M	$21.4M	10x	as long as short
Hibachi BNB/USDT-P	+0.0224%	1h	801.92	−0.177%	$70K	$44K	12x	as long as short
BloFin BNB-USDT	+0.0245%	8h	802.88	−0.057%	$18.2M	$2.5M	75x	as long as short
RISEx BNB/USDC	+0.0258%	1h	801.96	−0.172%	$1.1M	$1.4M	20x	as long as short
Injective BNB/USDC PERP	+0.0306%	1h	805.09	+0.218%	$19K	$789K	30x	as long as short
Bulk BNB-USD	+0.0309%	1h	803.58	+0.030%	$653K	$20K	10x	as long as short
Reya BNBRUSDPERP	+0.0332%	1h	801.53	−0.226%	$6K	$3K	40x	as long as short
01 Exchange BNBUSD	+0.0344%	1h	802.51	−0.103%	$28K	$1K	10x	as long as short
Backpack BNB_USDC_PERP	+0.0364%	1h	802.48	−0.107%	$2.7M	$5.7M	40x	as long as short
dYdX BNB-USD	+0.0432%	1h	802.20	−0.142%	$162K	$62K	10x	as long as short