Funding arb · Price arb /

BNB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.007%

Price spread now: ApeX Omni against Arcus0.000%53s7-day average −0.032% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$410.408% of the position

Long on Arcus Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.066%−$7 on $10k

Price spread, last 3 days (all we have)+0.042%+$4 · spread now 0.000%, 7d avg −0.032%

Together, before fees−0.024%−$2 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: ApeX Omni is 0.032% dearer against Arcus than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.032%. The two prices were read 53 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus BNB-USD	805.60	0.0100	pay 0.0013% / 1h	48m 33s	$53K	$170K	10x
Short	ApeX Omni BNBUSDT	805.60	0.0100	get 0.0013% / 1h	48m 33s	$162K	$439K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Arcus. 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 ArcusbpFee ApeX OmnibpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → −0.032%: $3.23
Slippage, 4 orders: −$26.31
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$37.58
Costs to cover: 0.408%
Break-even: never at this rate

Slippage from Arcus: live order book, 35 min ago; ApeX Omni: live order book, 34 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 Arcus live order book, 35 min ago	6.20 bp	9.6 bp −$10	24.6 bp −$246	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 34 min ago	3.47 bp	8.5 bp −$8	28.9 bp −$289	doesn't fit	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 −0.0195% / S +0.0371%	1h	805.06	−0.067%	$49K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	805.68	+0.010%	$4K	$1K	25x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	805.16	−0.055%	$3.0M	$29.3M	10x	as long as short
Kalshi KXBNBPERP	0.0000%	8h	806.00	+0.050%	$108K	$2.5M	4.8x	as long as short
StandX BNB-USD	0.0000%	1h	805.19	−0.051%	$870K	$2.8M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	805.11	−0.061%	$9.8M	—	150x	as long as short
Variational Omni BNB	+0.0047%	8h	804.38	−0.151%	$4.1M	$5.3M	—	as long as short
Hibachi BNB/USDT-P	+0.0056%	1h	805.18	−0.052%	$71K	$48K	12x	as long as short
BingX BNB-USDT	+0.0057%	8h	805.27	−0.041%	—	$34.5M	—	as long as short
Bybit BNBUSDT	+0.0085%	8h	804.90	−0.087%	$139.5M	$82.0M	75x	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	805.52	−0.009%	$2.8M	$4.2M	20x	as long as short
Coinbase International BNB-PERP-INTX	+0.0096%	1h	805.76	+0.020%	$608K	$882K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	804.99	−0.075%	$1.5M	$2.8M	20x	as long as short
Pacifica BNB	+0.0100%	1h	805.47	−0.016%	$1.2M	$924K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	805.00	−0.074%	$55.1M	$116.1M	50x	as long as short
Arcus BNB-USDlong	+0.0100%	1h	805.60	long leg	$53K	$170K	10x
Gate BNB_USDT	+0.0100%	8h	805.10	−0.062%	$36.2M	$57.2M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	805.14	−0.057%	$28.2M	$10.5M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	804.77	−0.103%	$78.7M	$25.0M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	805.44	−0.020%	$4.2M	$76.5M	30x	as long as short
ApeX Omni BNBUSDTshort	+0.0100%	1h	805.60	0.000%	$162K	$439K	50x
Polymarket Perps BNB-USD	+0.0100%	1h	805.00	−0.074%	$116K	$870K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	805.18	−0.052%	$389K	$592K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	805.36	−0.030%	$32K	$5K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	805.79	+0.023%	$13K	$1.7M	50x	as long as short
HTX BNB-USDT	+0.0100%	8h	805.32	−0.035%	$8.2M	$7.6M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	805.85	+0.031%	$79K	$19K	50x	as long as short
Aster BNBUSDT	+0.0103%	8h	805.94	+0.042%	$6.4M	$18.8M	200x	as long as short
Extended BNB-USD	+0.0104%	1h	804.78	−0.102%	$1.9M	$6.0M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	805.45	−0.019%	$387K	$40K	10x	as long as short
MEXC BNB_USDT	+0.0117%	8h	806.30	+0.087%	$84.6M	$13.3M	200x	as long as short
Binance BNBUSDT	+0.0118%	8h	805.94	+0.042%	$520.7M	$804.9M	75x	as long as short
Phemex BNBUSDT	+0.0134%	8h	805.92	+0.040%	$70.3M	$51.8M	50x	as long as short
SoDEX BNB-USD	+0.0145%	1h	805.40	−0.025%	$396K	$1.0M	10x	as long as short
Phoenix BNB	+0.0155%	1h	805.39	−0.026%	$173K	$35K	10x	as long as short
Hyperliquid BNB	+0.0157%	1h	805.95	+0.043%	$51.8M	$22.0M	10x	as long as short
dYdX BNB-USD	+0.0186%	1h	805.13	−0.059%	$162K	$63K	10x	as long as short
Kraken Futures PF_BNBUSD	+0.0205%	1h	805.39	−0.026%	$2.5M	$932K	50x	as long as short
BloFin BNB-USDT	+0.0238%	8h	805.81	+0.026%	$18.8M	$3.1M	75x	as long as short
Bulk BNB-USD	+0.0274%	1h	805.55	−0.006%	$651K	$14K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	805.72	+0.015%	$1.6M	$165K	25x	as long as short
Injective BNB/USDC PERP	+0.0311%	1h	805.09	−0.063%	$19K	$789K	30x	as long as short
RISEx BNB/USDC	+0.0318%	1h	805.51	−0.011%	$1.1M	$1.4M	20x	as long as short
Reya BNBRUSDPERP	+0.0333%	1h	804.73	−0.108%	$6K	$3K	40x	as long as short
01 Exchange BNBUSD	+0.0344%	1h	806.22	+0.077%	$29K	$1K	10x	as long as short
Backpack BNB_USDC_PERP	+0.0712%	1h	806.40	+0.099%	$3.0M	$5.5M	40x	as long as short