Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: ApeX Omni against Bitget+0.107%7-day average +0.108% · you sell dearer than you buy

Net, funding: paid 7d − costs−$30as in the Funding arb table

Net, price: spread back to 7d avg − costs−$34as in the Price arb table

costs, in and out, $10k−$340.344% of the position

Long on Bitget Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.044%+$4 on $10k

Price spread, last 3 days (all we have)+0.165%+$17 · spread now +0.107%, 7d avg +0.108%

Together, before fees+0.209%+$21 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget BNBUSDT	803.86	0.0100	pay 0.0100% / 8h	2h 05m	$78.9M	$24.8M	75x
Short	ApeX Omni BNBUSDT	804.72	0.0100	get 0.0013% / 1h	5m 19s	$159K	$436K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Bitget. 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 BitgetbpFee ApeX OmnibpOrdersPrice spread, now +0.107%Rate

Funding earned: $0
Price spread: +0.107% → +0.108%: −$0.08
Slippage, 4 orders: −$12.35
Fee Bitget: 6 bp × 2 orders: −$12
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$34.43
Costs to cover: 0.344%
Break-even: never at this rate

Slippage from Bitget: live order book, 4 min ago; ApeX Omni: live order book, 17 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 Bitget live order book, 4 min ago	0.06 bp	7.1 bp −$7	10.6 bp −$106	19.5 bp −$1,951	doesn't fit
Sell ApeX Omni live order book, 17 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	804.05	+0.024%	$48K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	804.62	+0.095%	$4K	$1K	25x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	805.17	+0.164%	$3.0M	$29.5M	10x	as long as short
Kalshi KXBNBPERP	0.0000%	8h	804.90	+0.129%	$114K	$2.5M	4.8x	as long as short
StandX BNB-USD	0.0000%	1h	804.28	+0.052%	$869K	$2.8M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	804.07	+0.026%	$9.8M	—	150x	as long as short
Kraken Futures PF_BNBUSD	+0.0038%	1h	804.33	+0.059%	$2.5M	$928K	50x	as long as short
Variational Omni BNB	+0.0048%	8h	803.61	−0.031%	$4.1M	$5.3M	—	as long as short
BingX BNB-USDC	+0.0056%	8h	804.40	+0.067%	—	$13.3M	—	as long as short
Bybit BNBUSDT	+0.0080%	8h	803.63	−0.029%	$139.5M	$81.7M	75x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International BNB-PERP-INTX	+0.0088%	1h	805.15	+0.160%	$608K	$880K	50x	as long as short
Lighter BNB	+0.0096%	1h	804.39	+0.067%	$2.8M	$4.2M	20x	as long as short
Aster BNBUSDT	+0.0098%	8h	804.72	+0.107%	$6.4M	$18.8M	200x	as long as short
Nado BNB-PERP	+0.0100%	1h	803.80	−0.007%	$1.5M	$2.8M	20x	as long as short
Pacifica BNB	+0.0100%	1h	804.36	+0.062%	$1.2M	$924K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	803.90	+0.005%	$55.1M	$116.0M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	804.60	+0.092%	$53K	$170K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	804.00	+0.017%	$36.1M	$59.2M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	803.98	+0.015%	$28.1M	$10.5M	75x	as long as short
Bitget BNBUSDTlong	+0.0100%	8h	803.86	long leg	$78.9M	$24.8M	75x
edgeX BNBUSDC	+0.0100%	4h	805.38	+0.189%	$4.2M	$76.4M	30x	as long as short
ApeX Omni BNBUSDTshort	+0.0100%	1h	804.72	+0.107%	$159K	$436K	50x
Polymarket Perps BNB-USD	+0.0100%	1h	804.01	+0.019%	$116K	$873K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	804.15	+0.036%	$389K	$592K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	804.36	+0.062%	$32K	$5K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	804.70	+0.104%	$13K	$1.7M	50x	as long as short
HTX BNB-USDT	+0.0100%	8h	804.20	+0.043%	$8.2M	$7.5M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	804.82	+0.120%	$79K	$19K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	803.71	−0.019%	$1.9M	$5.9M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	804.28	+0.052%	$386K	$40K	10x	as long as short
Binance BNBUSDT	+0.0115%	8h	804.71	+0.106%	$519.9M	$805.7M	75x	as long as short
MEXC BNB_USDT	+0.0115%	8h	805.00	+0.142%	$84.5M	$13.7M	200x	as long as short
Phoenix BNB	+0.0125%	1h	805.62	+0.219%	$173K	$35K	10x	as long as short
Phemex BNBUSDT	+0.0137%	8h	804.81	+0.118%	$70.2M	$51.8M	50x	as long as short
SoDEX BNB-USD	+0.0189%	1h	804.20	+0.042%	$396K	$1.0M	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0200%	1h	804.65	+0.098%	$1.6M	$165K	25x	as long as short
Hyperliquid BNB	+0.0202%	1h	804.69	+0.103%	$51.8M	$22.0M	10x	as long as short
RISEx BNB/USDC	+0.0209%	1h	804.36	+0.063%	$1.1M	$1.4M	20x	as long as short
dYdX BNB-USD	+0.0232%	1h	804.12	+0.032%	$170K	$55K	10x	as long as short
BloFin BNB-USDT	+0.0235%	8h	805.16	+0.162%	$18.9M	$3.1M	75x	as long as short
Bulk BNB-USD	+0.0258%	1h	805.37	+0.188%	$651K	$14K	10x	as long as short
Hibachi BNB/USDT-P	+0.0264%	1h	804.40	+0.068%	$71K	$48K	12x	as long as short
Reya BNBRUSDPERP	+0.0334%	1h	803.75	−0.014%	$6K	$3K	40x	as long as short
01 Exchange BNBUSD	+0.0344%	1h	804.96	+0.137%	$28K	$1K	10x	as long as short
Injective BNB/USDC PERP	+0.0353%	1h	804.89	+0.128%	$19K	$627K	30x	as long as short
Backpack BNB_USDC_PERP	+0.0654%	1h	805.32	+0.182%	$3.0M	$5.5M	40x	as long as short