Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: ApeX Omni against Gate+0.089%7-day average +0.083% · you sell dearer than you buy

Net, funding: paid 7d − costs−$34as in the Funding arb table

Net, price: spread back to 7d avg − costs−$39as in the Price arb table

costs, in and out, $10k−$400.395% of the position

Long on Gate Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.059%+$6 on $10k

Price spread, last 4 days (all we have)+0.090%+$9 · spread now +0.089%, 7d avg +0.083%

Together, before fees+0.149%+$15 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate BNB_USDT	787.70	0.0100	pay 0.0100% / 8h	3h 23m	$35.9M	$57.7M	75x
Short	ApeX Omni BNBUSDT	788.40	0.0100	get 0.0013% / 1h	23m 06s	$159K	$442K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Gate. 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 GatebpFee ApeX OmnibpOrdersPrice spread, now +0.089%Rate

Funding earned: $0
Price spread: +0.089% → +0.083%: $0.58
Slippage, 4 orders: −$14.51
Fee Gate: 7.5 bp × 2 orders: −$15
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$38.92
Costs to cover: 0.395%
Break-even: never at this rate

Slippage from Gate: live order book, 6 min ago; ApeX Omni: live order book, 29 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 Gate live order book, 6 min ago	0.32 bp	9.9 bp −$10	13.4 bp −$134	27.4 bp −$2,736	56.2 bp −$28.1K
Sell ApeX Omni live order book, 29 min ago	4.81 bp	10.6 bp −$11	32.6 bp −$326	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 −0.0192% / S +0.0356%	1h	787.81	+0.014%	$46K	—	200x	as long as short
Kraken Futures PF_BNBUSD	−0.0124%	1h	787.67	−0.004%	$2.5M	$1.2M	50x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	788.00	+0.038%	$4K	$42	25x	as long as short
Kalshi KXBNBPERP	0.0000%	8h	788.30	+0.076%	$126K	$2.7M	4.8x	as long as short
StandX BNB-USD	0.0000%	1h	788.53	+0.105%	$850K	$3.1M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	787.77	+0.010%	$9.5M	—	150x	as long as short
Aster BNBUSDT	+0.0025%	8h	788.32	+0.079%	$6.1M	$18.7M	200x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.208%	$19K	$789K	30x	as long as short
BingX BNB-USDC	+0.0040%	8h	787.97	+0.034%	—	$13.4M	—	as long as short
Binance BNBUSDT	+0.0044%	8h	788.35	+0.083%	$491.5M	$798.4M	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	+0.0044%	8h	788.80	+0.140%	$80.0M	$12.0M	200x	as long as short
Phemex BNBUSDT	+0.0045%	8h	788.31	+0.077%	$69.0M	$50.6M	50x	as long as short
Coinbase International BNB-PERP-INTX	+0.0072%	1h	787.43	−0.034%	$581K	$1.9M	50x	as long as short
Phoenix BNB	+0.0092%	1h	788.22	+0.066%	$169K	$35K	10x	as long as short
dYdX BNB-USD	+0.0095%	1h	787.88	+0.023%	$159K	$64K	10x	as long as short
Lighter BNB	+0.0096%	1h	787.99	+0.037%	$2.7M	$3.9M	20x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	787.86	+0.020%	$265K	$492K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	787.60	−0.013%	$1.5M	$2.6M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	788.40	+0.089%	$51.7M	$17.4M	10x	as long as short
Pacifica BNB	+0.0100%	1h	788.09	+0.050%	$1.2M	$933K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	787.60	−0.013%	$138.6M	$73.8M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	787.70	0.000%	$53.5M	$111.5M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	788.00	+0.038%	$52K	$133K	10x	as long as short
Gate BNB_USDTlong	+0.0100%	8h	787.70	long leg	$35.9M	$57.7M	75x
KuCoin BNBUSDTM	+0.0100%	8h	787.46	−0.030%	$27.6M	$10.3M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	787.41	−0.037%	$76.2M	$30.5M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	788.18	+0.061%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	787.50	−0.025%	$4.1M	$4.8M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	788.21	+0.065%	$4.1M	$73.8M	30x	as long as short
ApeX Omni BNBUSDTshort	+0.0100%	1h	788.40	+0.089%	$159K	$442K	50x
Polymarket Perps BNB-USD	+0.0100%	1h	787.66	−0.005%	$130K	$951K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	787.87	+0.022%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	788.33	+0.080%	$12K	$1.5M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	788.00	+0.038%	$387K	$1.0M	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	787.93	+0.030%	$8.1M	$9.6M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	788.15	+0.057%	$77K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	787.43	−0.034%	$1.9M	$6.3M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	787.83	+0.017%	$378K	$110K	10x	as long as short
BloFin BNB-USDT	+0.0164%	8h	788.37	+0.085%	$17.7M	$2.2M	75x	as long as short
GRVT BNB_USDT_Perp	+0.0174%	8h	788.49	+0.100%	$2.9M	$28.7M	10x	as long as short
Bulk BNB-USD	+0.0193%	1h	788.28	+0.074%	$638K	$10K	10x	as long as short
01 Exchange BNBUSD	+0.0240%	1h	788.31	+0.077%	$28K	$4K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	788.26	+0.071%	$1.5M	$143K	25x	as long as short
Reya BNBRUSDPERP	+0.0324%	1h	787.49	−0.027%	$6K	$3K	40x	as long as short
Hibachi BNB/USDT-P	+0.0408%	1h	788.11	+0.052%	$68K	$39K	12x	as long as short
RISEx BNB/USDC	+0.0431%	1h	788.13	+0.054%	$1.1M	$893K	20x	as long as short