Settings8H · net · $10k
Funding arb · Price arb /

BNB

all BNB markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC−0.0004%/8h= −0.4% APRnext payment $0.00 per $10,000 · paid last 24h −0.001%
Price spread now: ApeX Omni against Extended+0.283%52s7-day average +0.122% · you sell dearer than you buy
Net, funding: paid 7d − costs−$25as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$270.272% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.019%+$2 on $10k
Price spread, last 3 days (all we have)−0.143%−$14 · spread now +0.283%, 7d avg +0.122%
Together, before fees−0.124%+ Points / potential airdropExtended: Active · farm board−$12 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 0.161% dearer against Extended than usual: you sell high and buy low, +$16 on $10k if it goes back to its 7-day average of +0.122%. The two prices were read 52 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended BNB-USD797.060.0104pay 0.0013% / 1h4m 38s$1.8M$6.0M50x
ShortApeX Omni BNBUSDT799.320.0100get 0.0013% / 1h4m 38s$161K$436K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against Extended. 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

Funding earned
−$0.84
Price spread: +0.283% → +0.122%
$16.11
Slippage, 4 orders
−$12.17
Fee Extended: 2.5 bp × 2 orders
−$5
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
−$11.9
Costs to cover
0.272%
Break-even
never at this rate
Slippage from Extended: live order book, 4 min ago; ApeX Omni: live order book, 3 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Extended live order book, 4 min ago0.06 bp2.9 bp −$34.8 bp −$48doesn't fitdoesn't fit
Sell ApeX Omni live order book, 3 min ago1.50 bp13.4 bp −$1335.1 bp −$351doesn't fitdoesn't fit

BNB on 46 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GMX BNB/USD [WBTC.b-USDC]L −0.0159% / S +0.0335%1h797.060.000%$47K200xas long as short
Kraken Futures PF_BNBUSD−0.0121%1h797.02−0.006%$2.5M$1.0M50xas long as short
Hotstuff BNB-PERP−0.0080%1h797.81+0.094%$4K$23925xas long as short
Gate BNB_USDT−0.0009%8h797.15+0.011%$35.8M$57.2M75xas long as short
GRVT BNB_USDT_Perp0.0000%8h799.15+0.262%$3.0M$27.9M10xas long as short
StandX BNB-USD0.0000%1h797.80+0.092%$862K$3.0M30xas long as short
gTrade (Gains Network) BNB/USDL +0.0008% / S −0.0007%1h797.060.000%$9.7M150xas long as short
Variational Omni BNB+0.0009%8h796.50−0.071%$4.1M$5.1Mas long as short
Phemex BNBUSDT+0.0019%8h797.65+0.073%$69.7M$50.2M50xas long as short
Injective BNB/USDC PERP+0.0033%1h805.09+1.007%$19K$789K30xas long as short
Show all 46 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster BNBUSDT+0.0045%8h797.96+0.112%$6.1M$19.5M200xas long as short
Coinbase International BNB-PERP-INTX+0.0048%1h797.60+0.067%$610K$1.1M50xas long as short
BingX BNB-USDT+0.0057%8h797.51+0.056%$34.9Mas long as short
MEXC BNB_USDT+0.0069%8h798.40+0.168%$83.0M$13.7M200xas long as short
Binance BNBUSDT+0.0069%8h798.10+0.130%$496.8M$810.4M75xas long as short
Bybit BNBUSDT+0.0075%8h797.30+0.030%$138.6M$76.2M75xas long as short
Lighter BNB+0.0096%1h797.74+0.085%$2.8M$4.0M20xas long as short
Phoenix BNB+0.0099%1h797.27+0.026%$171K$36K10xas long as short
Nado BNB-PERP+0.0100%1h796.85−0.027%$1.5M$2.7M20xas long as short
Pacifica BNB+0.0100%1h797.72+0.082%$1.2M$930K20xas long as short
OKX BNB-USDT-SWAP+0.0100%8h797.30+0.030%$54.2M$110.7M50xas long as short
Arcus BNB-USD+0.0100%1h797.80+0.092%$52K$127K10xas long as short
KuCoin BNBUSDTM+0.0100%8h797.29+0.028%$27.9M$10.0M75xas long as short
Bitget BNBUSDT+0.0100%8h797.21+0.018%$78.1M$28.0M75xas long as short
edgeX BNBUSDC+0.0100%4h797.71+0.081%$4.1M$76.3M30xas long as short
ApeX Omni BNBUSDTshort+0.0100%1h799.32+0.283%$161K$436K50x
Polymarket Perps BNB-USD+0.0100%1h796.99−0.009%$113K$885K10xas long as short
Orderly PERP_BNB_USDC+0.0100%8h797.01−0.007%$385K$467K50xas long as short
Derive BNB-PERP+0.0100%1h797.12+0.006%$32K$9K10xas long as short
SunX BNB-USDT+0.0100%8h797.74+0.085%$13K$1.6M50xas long as short
SoDEX BNB-USD+0.0100%1h797.20+0.017%$392K$995K10xas long as short
HTX BNB-USDT+0.0100%8h797.04−0.003%$8.2M$8.4M75xas long as short
Paradex BNB-USD-PERP+0.0100%8h798.28+0.153%$78K$18K50xas long as short
Extended BNB-USDlong+0.0104%1h797.06long leg$1.8M$6.0M50x
Aevo BNB-PERP+0.0104%1h797.03−0.004%$383K$110K10xas long as short
Bulk BNB-USD+0.0133%1h798.69+0.204%$649K$10K10xas long as short
RISEx BNB/USDC+0.0155%1h797.62+0.070%$1.1M$1.4M20xas long as short
Kalshi KXBNBPERP+0.0163%8h797.70+0.080%$102K$2.8M4.8xas long as short
dYdX BNB-USD+0.0187%1h797.56+0.062%$161K$63K10xas long as short
BloFin BNB-USDT+0.0190%8h797.60+0.067%$18.1M$2.5M75xas long as short
01 Exchange BNBUSD+0.0200%1h798.09+0.129%$28K$1K10xas long as short
Hyperliquid BNB+0.0283%1h798.29+0.154%$53.0M$20.1M10xas long as short
Deribit BNB_USDC-PERPETUAL+0.0300%1h797.43+0.046%$1.6M$161K25xas long as short
Reya BNBRUSDPERP+0.0330%1h796.63−0.055%$6K$3K40xas long as short
Hibachi BNB/USDT-P+0.0376%1h797.30+0.030%$68K$38K12xas long as short
Backpack BNB_USDC_PERP+0.0426%1h797.76+0.087%$2.7M$5.7M40xas long as short