Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0080%/8h= −8.8% APRpaid last 24h −0.038%

Price spread now: ApeX Omni against BloFin−0.030%7-day average −0.021% · you buy dearer than you sell

Net, funding: paid 7d − costs−$50as in the Funding arb table

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

costs, in and out, $10k−$340.335% of the position

Long on BloFin Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−0.166%−$17 on $10k

Price spread, last 4 days (all we have)+0.172%+$17 · spread now −0.030%, 7d avg −0.021%

Together, before fees+0.006%+$1 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.021%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin BNB-USDT	789.62	0.0180	pay 0.0180% / 8h	4h 14m	$18.1M	$2.2M	75x
Short	ApeX Omni BNBUSDT	789.38	0.0100	get 0.0013% / 1h	14m 13s	$159K	$441K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against BloFin. 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 BloFinbpFee ApeX OmnibpOrdersPrice spread, now −0.030%Rate

Funding earned: −$16.87
Price spread: −0.030% → −0.021%: −$0.95
Slippage, 4 orders: −$11.52
Fee BloFin: 6 bp × 2 orders: −$12
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$51.33
Costs to cover: 0.335%
Break-even: never at this rate

Slippage from BloFin: live order book, 5 min ago; ApeX Omni: live order book, 43 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 BloFin live order book, 5 min ago	0.13 bp	6.1 bp −$6	7.8 bp −$78	13.3 bp −$1,332	doesn't fit
Sell ApeX Omni live order book, 43 min ago	5.18 bp	11.1 bp −$11	34.0 bp −$340	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 −0.0188% / S +0.0352%	1h	788.55	−0.136%	$46K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	789.20	−0.053%	$4K	$42	25x	as long as short
StandX BNB-USD	0.0000%	1h	789.06	−0.071%	$851K	$3.2M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	788.62	−0.127%	$9.5M	—	150x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+1.959%	$19K	$789K	30x	as long as short
Aster BNBUSDT	+0.0036%	8h	789.33	−0.036%	$6.1M	$18.7M	200x	as long as short
BingX BNB-USDC	+0.0050%	8h	789.01	−0.077%	—	$13.4M	—	as long as short
Phemex BNBUSDT	+0.0057%	8h	789.38	−0.030%	$69.0M	$50.0M	50x	as long as short
Binance BNBUSDT	+0.0060%	8h	789.30	−0.040%	$492.6M	$789.8M	75x	as long as short
MEXC BNB_USDT	+0.0060%	8h	789.70	+0.010%	$80.1M	$12.4M	200x	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	+0.0064%	1h	789.45	−0.022%	$582K	$1.9M	50x	as long as short
Lighter BNB	+0.0096%	1h	788.94	−0.086%	$2.7M	$3.9M	20x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	788.76	−0.109%	$265K	$492K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	788.75	−0.110%	$1.5M	$2.6M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	789.32	−0.038%	$51.8M	$17.6M	10x	as long as short
Pacifica BNB	+0.0100%	1h	789.00	−0.079%	$1.2M	$931K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	788.59	−0.130%	$138.7M	$74.4M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	788.70	−0.117%	$53.4M	$111.2M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	789.00	−0.079%	$52K	$130K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	788.75	−0.110%	$35.5M	$57.5M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	788.58	−0.132%	$28.1M	$10.4M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	788.45	−0.148%	$76.3M	$30.1M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	789.45	−0.022%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	788.31	−0.166%	$4.1M	$4.6M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	789.65	+0.004%	$4.1M	$73.3M	30x	as long as short
ApeX Omni BNBUSDTshort	+0.0100%	1h	789.38	−0.030%	$159K	$441K	50x
Polymarket Perps BNB-USD	+0.0100%	1h	788.60	−0.129%	$133K	$950K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	788.81	−0.102%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	789.42	−0.025%	$12K	$1.5M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	788.90	−0.091%	$388K	$1.0M	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	788.63	−0.125%	$8.1M	$9.5M	75x	as long as short
Paradex BNB-USD-PERP	+0.0101%	8h	789.17	−0.057%	$77K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	788.34	−0.163%	$1.8M	$5.9M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	788.77	−0.107%	$379K	$110K	10x	as long as short
Phoenix BNB	+0.0117%	1h	789.14	−0.061%	$170K	$35K	10x	as long as short
dYdX BNB-USD	+0.0121%	1h	788.65	−0.123%	$160K	$64K	10x	as long as short
GRVT BNB_USDT_Perp	+0.0152%	8h	789.95	+0.042%	$2.9M	$28.6M	10x	as long as short
Kalshi KXBNBPERP	+0.0175%	8h	789.30	−0.041%	$126K	$2.7M	4.8x	as long as short
BloFin BNB-USDTlong	+0.0180%	8h	789.62	long leg	$18.1M	$2.2M	75x
Bulk BNB-USD	+0.0216%	1h	789.05	−0.072%	$639K	$9K	10x	as long as short
01 Exchange BNBUSD	+0.0232%	1h	789.24	−0.048%	$28K	$4K	10x	as long as short
Kraken Futures PF_BNBUSD	+0.0264%	1h	788.66	−0.121%	$2.5M	$1.2M	50x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	789.17	−0.057%	$1.5M	$143K	25x	as long as short
Reya BNBRUSDPERP	+0.0326%	1h	788.40	−0.154%	$6K	$3K	40x	as long as short
Hibachi BNB/USDT-P	+0.0384%	1h	789.19	−0.054%	$67K	$38K	12x	as long as short
RISEx BNB/USDC	+0.0461%	1h	789.09	−0.067%	$1.1M	$967K	20x	as long as short