Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: OKX against ApeX Omni−0.075%7-day average −0.092% · you buy dearer than you sell

Net, funding: paid 7d − costs−$37as in the Funding arb table

Net, price: spread back to 7d avg − costs−$30as in the Price arb table

costs, in and out, $10k−$320.318% of the position

Long on ApeX Omni Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.050%−$5 on $10k

Price spread, last 4 days (all we have)−0.039%−$4 · spread now −0.075%, 7d avg −0.092%

Together, before fees−0.089%−$9 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	788.19	0.0100	pay 0.0013% / 1h	16m 58s	$159K	$438K	50x
Short	OKX BNB-USDT-SWAP	787.60	0.0100	get 0.0100% / 8h	1h 16m	$53.6M	$113.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.075%Rate

Funding earned: $0
Price spread: −0.075% → −0.092%: $1.73
Slippage, 4 orders: −$11.83
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: −$30.09
Costs to cover: 0.318%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 26 min ago; OKX: 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, 26 min ago	5.15 bp	10.3 bp −$10	33.7 bp −$337	doesn't fit	doesn't fit
Sell OKX live order book, 2 min ago	0.63 bp	5.6 bp −$6	7.5 bp −$75	23.4 bp −$2,341	doesn't fit

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 −0.0170% / S +0.0337%	1h	787.40	−0.100%	$43K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	787.91	−0.036%	$4K	$42	25x	as long as short
StandX BNB-USD	0.0000%	1h	788.38	+0.024%	$850K	$2.8M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	787.47	−0.091%	$9.5M	—	150x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.144%	$19K	$789K	30x	as long as short
BingX BNB-USDT	+0.0050%	8h	787.73	−0.058%	—	$22.3M	—	as long as short
Aster BNBUSDT	+0.0051%	8h	788.21	+0.003%	$6.1M	$18.8M	200x	as long as short
Binance BNBUSDT	+0.0062%	8h	788.19	0.000%	$490.9M	$820.5M	75x	as long as short
MEXC BNB_USDT	+0.0062%	8h	788.90	+0.090%	$81.1M	$12.1M	200x	as long as short
dYdX BNB-USD	+0.0066%	1h	787.95	−0.030%	$160K	$62K	10x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex BNBUSDT	+0.0075%	8h	788.09	−0.013%	$68.9M	$51.2M	50x	as long as short
Coinbase International BNB-PERP-INTX	+0.0080%	1h	787.30	−0.113%	$568K	$1.9M	50x	as long as short
Lighter BNB	+0.0096%	1h	787.66	−0.067%	$2.7M	$3.9M	20x	as long as short
Nado BNB-PERP	+0.0100%	1h	787.25	−0.119%	$1.4M	$2.7M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	788.33	+0.018%	$51.6M	$17.7M	10x	as long as short
Pacifica BNB	+0.0100%	1h	787.69	−0.064%	$1.2M	$933K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	787.59	−0.076%	$138.6M	$75.1M	75x	as long as short
OKX BNB-USDT-SWAPshort	+0.0100%	8h	787.60	−0.075%	$53.6M	$113.4M	50x
Arcus BNB-USD	+0.0100%	1h	787.60	−0.075%	$52K	$129K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	787.70	−0.062%	$37.7M	$59.4M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	787.43	−0.096%	$27.7M	$10.2M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	787.58	−0.077%	$76.2M	$31.2M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	788.11	−0.010%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	787.41	−0.099%	$4.0M	$4.8M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	787.95	−0.030%	$4.1M	$76.5M	30x	as long as short
ApeX Omni BNBUSDTlong	+0.0100%	1h	788.19	long leg	$159K	$438K	50x
Polymarket Perps BNB-USD	+0.0100%	1h	787.34	−0.108%	$132K	$951K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	787.48	−0.090%	$265K	$470K	50x	as long as short
SunX BNB-USDT	+0.0100%	8h	787.99	−0.026%	$12K	$1.5M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	787.60	−0.075%	$387K	$979K	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	787.80	−0.050%	$8.0M	$10.2M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	787.96	−0.030%	$78K	$18K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	787.33	−0.109%	$1.8M	$6.0M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	787.51	−0.086%	$378K	$110K	10x	as long as short
Kalshi KXBNBPERP	+0.0125%	8h	787.90	−0.037%	$170K	$2.7M	4.8x	as long as short
Phoenix BNB	+0.0135%	1h	787.70	−0.062%	$169K	$35K	10x	as long as short
BloFin BNB-USDT	+0.0182%	8h	788.16	−0.004%	$17.7M	$2.2M	75x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0200%	1h	787.88	−0.040%	$1.5M	$145K	25x	as long as short
Kraken Futures PF_BNBUSD	+0.0205%	1h	787.50	−0.087%	$2.5M	$1.2M	50x	as long as short
GRVT BNB_USDT_Perp	+0.0230%	8h	788.28	+0.011%	$2.9M	$29.4M	10x	as long as short
01 Exchange BNBUSD	+0.0248%	1h	787.98	−0.027%	$28K	$4K	10x	as long as short
Bulk BNB-USD	+0.0262%	1h	788.32	+0.016%	$639K	$4K	10x	as long as short
Reya BNBRUSDPERP	+0.0322%	1h	787.12	−0.135%	$6K	$3K	40x	as long as short
RISEx BNB/USDC	+0.0438%	1h	787.65	−0.068%	$1.1M	$915K	20x	as long as short
Hibachi BNB/USDT-P	+0.0504%	1h	787.77	−0.053%	$67K	$39K	12x	as long as short