Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0071%/8h= +7.8% APRpaid last 24h +0.017%

Price spread now: ApeX Omni against BingX−0.001%7-day average +0.049% · you buy dearer than you sell

Net, funding: paid 7d − costs−$28as in the Funding arb table

Net, price: spread back to 7d avg − costs−$37as in the Price arb table

costs, in and out, $10k−$320.322% of the position

Long on BingX Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.043%+$4 on $10k

Price spread, last 4 days (all we have)+0.460%+$46 · spread now −0.001%, 7d avg +0.049%

Together, before fees+0.504%+$50 on $10k · with fees, hour by hour

Funding pays, the price is against you. ApeX Omni is 0.051% cheaper against BingX than usual: you would sell low and buy high (spread −0.001% now, against its 7-day average of +0.049%). If the spread goes back, that is −$5 on $10k: about 2.4 days of funding at the current rate (+$2 a day). At the pace of the last 7 days (+0.043% in total) that is about 8.2 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX BNB-USDT	784.90	0.0029	pay 0.0029% / 8h	7h 25m	—	$22.1M	—
Short	ApeX Omni BNBUSDT	784.89	0.0100	get 0.0013% / 1h	25m 12s	$158K	$439K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against BingX. 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 BingXbpFee ApeX OmnibpOrdersPrice spread, now −0.001%Rate

Funding earned: $14.91
Price spread: −0.001% → +0.049%: −$5.07
Slippage, 4 orders: −$12.2
Fee BingX: 5 bp × 2 orders: −$10
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$22.37
Costs to cover: 0.322%
Break-even: 17.5 days

Slippage from BingX: live order book, 13 min ago; ApeX Omni: live order book, 7 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 BingX live order book, 13 min ago	0.13 bp	5.9 bp −$6	7.5 bp −$75	13.7 bp −$1,370	28.5 bp −$14.3K
Sell ApeX Omni live order book, 7 min ago	5.29 bp	10.9 bp −$11	34.9 bp −$349	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 −0.0166% / S +0.0337%	1h	784.59	−0.040%	$43K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	785.20	+0.038%	$4K	—	25x	as long as short
Kraken Futures PF_BNBUSD	−0.0021%	1h	784.81	−0.012%	$2.5M	$1.2M	50x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	784.75	−0.019%	$2.9M	$27.3M	10x	as long as short
StandX BNB-USD	0.0000%	1h	784.83	−0.009%	$846K	$2.7M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	784.61	−0.037%	$9.5M	—	150x	as long as short
Aster BNBUSDT	+0.0017%	8h	785.32	+0.053%	$5.9M	$18.2M	200x	as long as short
BingX BNB-USDTlong	+0.0029%	8h	784.90	long leg	—	$22.1M	—
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.572%	$19K	$789K	30x	as long as short
Binance BNBUSDT	+0.0035%	8h	785.34	+0.056%	$487.7M	$805.6M	75x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC BNB_USDT	+0.0036%	8h	786.40	+0.191%	$82.4M	$12.2M	200x	as long as short
Lighter BNB	+0.0096%	1h	784.87	−0.004%	$2.7M	$3.7M	20x	as long as short
Nado BNB-PERP	+0.0100%	1h	784.50	−0.051%	$1.4M	$2.6M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	785.24	+0.043%	$51.5M	$17.6M	10x	as long as short
Pacifica BNB	+0.0100%	1h	784.96	+0.007%	$1.2M	$937K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	784.60	−0.038%	$138.2M	$73.0M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	784.40	−0.064%	$53.3M	$109.9M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	784.80	−0.013%	$52K	$125K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	784.75	−0.019%	$39.5M	$55.9M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	784.46	−0.056%	$27.7M	$9.9M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	784.35	−0.070%	$75.2M	$32.3M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	785.21	+0.039%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	783.60	−0.166%	$4.3M	$5.0M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	784.81	−0.012%	$4.1M	$76.0M	30x	as long as short
ApeX Omni BNBUSDTshort	+0.0100%	1h	784.89	−0.001%	$158K	$439K	50x
Polymarket Perps BNB-USD	+0.0100%	1h	785.05	+0.019%	$131K	$922K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	784.66	−0.031%	$264K	$358K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	784.27	−0.081%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	785.37	+0.060%	$12K	$1.5M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	784.90	0.000%	$386K	$940K	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	784.77	−0.016%	$8.0M	$10.3M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	785.07	+0.022%	$88K	$42K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	784.27	−0.080%	$1.8M	$5.8M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	784.74	−0.020%	$377K	$110K	10x	as long as short
Kalshi KXBNBPERP	+0.0108%	8h	785.20	+0.038%	$159K	$2.6M	4.8x	as long as short
Coinbase International BNB-PERP-INTX	+0.0120%	1h	785.76	+0.110%	$547K	$1.9M	50x	as long as short
Phoenix BNB	+0.0120%	1h	784.43	−0.060%	$158K	$38K	10x	as long as short
BloFin BNB-USDT	+0.0141%	8h	785.34	+0.056%	$17.8M	$2.2M	75x	as long as short
Phemex BNBUSDT	+0.0158%	8h	785.30	+0.051%	$68.4M	$51.0M	50x	as long as short
dYdX BNB-USD	+0.0178%	1h	784.81	−0.011%	$157K	$65K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0200%	1h	785.16	+0.033%	$1.5M	$141K	25x	as long as short
Bulk BNB-USD	+0.0200%	1h	784.80	−0.013%	$636K	$630	10x	as long as short
01 Exchange BNBUSD	+0.0232%	1h	785.38	+0.061%	$28K	$3K	10x	as long as short
Reya BNBRUSDPERP	+0.0319%	1h	784.40	−0.064%	$6K	$3K	40x	as long as short
RISEx BNB/USDC	+0.0355%	1h	785.11	+0.026%	$1.1M	$905K	20x	as long as short
Hibachi BNB/USDT-P	+0.0416%	1h	784.66	−0.031%	$67K	$39K	12x	as long as short