Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.007%

Price spread now: ApeX Omni against Aster+0.008%7-day average −0.014% · you sell dearer than you buy

Net, funding: paid 7d − costs−$24as in the Funding arb table

Net, price: spread back to 7d avg − costs−$29as in the Price arb table

costs, in and out, $10k−$310.311% of the position

Long on Aster Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.076%+$8 on $10k

Price spread, last 4 days (all we have)+0.127%+$13 · spread now +0.008%, 7d avg −0.014%

Together, before fees+0.203%+ Points / potential airdropAster: Stage 5 · farm board+$20 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and ApeX Omni is 0.022% dearer against Aster than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of −0.014%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster BNBUSDT	787.92	0	get 0.0000% / 8h	5h 55m	$5.9M	$17.1M	200x
Short	ApeX Omni BNBUSDT	787.98	0.0100	get 0.0013% / 1h	55m 21s	$159K	$444K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Aster. 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 AsterbpFee ApeX OmnibpOrdersPrice spread, now +0.008%Rate

Funding earned: $21
Price spread: +0.008% → −0.014%: $2.19
Slippage, 4 orders: −$13.1
Fee Aster: 4 bp × 2 orders: −$8
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$7.91
Costs to cover: 0.311%
Break-even: 9.6 days

Slippage from Aster: live order book, 2 min ago; ApeX Omni: live order book, 55 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 Aster live order book, 2 min ago	0.95 bp	5.1 bp −$5	5.7 bp −$57	19.7 bp −$1,971	doesn't fit
Sell ApeX Omni live order book, 55 min ago	4.07 bp	11.0 bp −$11	36.5 bp −$365	doesn't fit	doesn't fit

BNB on 45 exchanges

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 −0.0166% / S +0.0336%	1h	787.27	−0.083%	$43K	—	200x	as long as short
Kraken Futures PF_BNBUSD	−0.0085%	1h	787.21	−0.090%	$2.5M	$1.2M	50x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	788.09	+0.022%	$4K	—	25x	as long as short
Aster BNBUSDTlong	0.0000%	8h	787.92	long leg	$5.9M	$17.1M	200x
GRVT BNB_USDT_Perp	0.0000%	8h	787.88	−0.004%	$2.9M	$26.4M	10x	as long as short
Kalshi KXBNBPERP	0.0000%	8h	787.90	−0.002%	$139K	$2.5M	4.8x	as long as short
StandX BNB-USD	0.0000%	1h	788.25	+0.042%	$850K	$2.9M	30x	as long as short
Deribit BNB_USDC-PERPETUAL	0.0000%	1h	787.54	−0.047%	$1.5M	$157K	25x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	787.45	−0.059%	$9.5M	—	150x	as long as short
Binance BNBUSDT	+0.0016%	8h	787.93	+0.002%	$481.7M	$766.2M	75x	as long as short

Show all 45 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC BNB_USDT	+0.0016%	8h	789.00	+0.137%	$83.4M	$11.7M	200x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.180%	$19K	$789K	30x	as long as short
Bybit BNBUSDT	+0.0048%	8h	787.01	−0.115%	$138.5M	$67.1M	75x	as long as short
BloFin BNB-USDT	+0.0067%	8h	788.01	+0.012%	$18.4M	$2.2M	75x	as long as short
Phemex BNBUSDT	+0.0089%	8h	787.88	−0.005%	$68.5M	$51.1M	50x	as long as short
Phoenix BNB	+0.0094%	1h	787.95	+0.004%	$158K	$45K	10x	as long as short
Lighter BNB	+0.0096%	1h	787.49	−0.054%	$2.7M	$3.3M	20x	as long as short
Nado BNB-PERP	+0.0100%	1h	787.09	−0.105%	$1.4M	$2.4M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	787.96	+0.006%	$51.9M	$16.9M	10x	as long as short
Pacifica BNB	+0.0100%	1h	787.62	−0.038%	$1.2M	$932K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	787.20	−0.091%	$53.3M	$102.2M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	787.50	−0.053%	$57K	$122K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	787.30	−0.078%	$41.1M	$53.8M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	787.15	−0.097%	$28.2M	$9.6M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	787.06	−0.109%	$75.6M	$30.7M	75x	as long as short
BingX BNB-USDT	+0.0100%	8h	787.47	−0.057%	—	$50.2M	—	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	787.75	−0.021%	$2.2M	$6.0M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	786.85	−0.135%	$4.3M	$4.5M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	787.81	−0.013%	$4.1M	$74.6M	30x	as long as short
ApeX Omni BNBUSDTshort	+0.0100%	1h	787.98	+0.008%	$159K	$444K	50x
Polymarket Perps BNB-USD	+0.0100%	1h	787.35	−0.072%	$130K	$905K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	787.34	−0.073%	$264K	$297K	50x	as long as short
SunX BNB-USDT	+0.0100%	8h	787.82	−0.012%	$12K	$1.3M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	787.60	−0.040%	$387K	$926K	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	787.60	−0.040%	$8.0M	$10.0M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	787.90	−0.002%	$78K	$356K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	786.94	−0.124%	$1.8M	$5.6M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	787.16	−0.097%	$378K	$110K	10x	as long as short
Coinbase International BNB-PERP-INTX	+0.0120%	1h	788.03	+0.014%	$545K	$1.9M	50x	as long as short
01 Exchange BNBUSD	+0.0240%	1h	787.87	−0.006%	$28K	$3K	10x	as long as short
Bulk BNB-USD	+0.0282%	1h	788.09	+0.022%	$639K	$0	10x	as long as short
Reya BNBRUSDPERP	+0.0317%	1h	786.86	−0.134%	$6K	$3K	40x	as long as short
Hibachi BNB/USDT-P	+0.0320%	1h	787.54	−0.048%	$67K	$37K	12x	as long as short
RISEx BNB/USDC	+0.0393%	1h	787.81	−0.013%	$1.1M	$901K	20x	as long as short
dYdX BNB-USD	+0.1022%	1h	787.47	−0.056%	$158K	$34K	10x	as long as short