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% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: ApeX Omni against Pacifica+0.074%51s7-day average +0.037% · 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—prices read too far apart to compare

costs, in and out, $10k−$330.330% of the position

Long on Pacifica Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−0.007%−$1 on $10k

Price spread, last 4 days (all we have)+0.062%+$6 · spread now +0.074%, 7d avg +0.037%

Together, before fees+0.055%+ Points / potential airdropPacifica: Active · farm board+$5 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 0.037% dearer against Pacifica than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.037%. The two prices were read 51 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica BNB	788.05	0.0100	pay 0.0013% / 1h	25m 47s	$1.2M	$933K	20x
Short	ApeX Omni BNBUSDT	788.63	0.0100	get 0.0013% / 1h	25m 47s	$159K	$442K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Pacifica. 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 PacificabpFee ApeX OmnibpOrdersPrice spread, now +0.074%Rate

Funding earned: $0
Price spread: +0.074% → +0.037%: $3.69
Slippage, 4 orders: −$15
Fee Pacifica: 4 bp × 2 orders: −$8
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$29.32
Costs to cover: 0.330%
Break-even: never at this rate

Slippage from Pacifica: live order book, 3 min ago; ApeX Omni: live order book, 27 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 Pacifica live order book, 3 min ago	0.57 bp	7.1 bp −$7	doesn't fit	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 27 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	787.80	−0.031%	$46K	—	200x	as long as short
Kraken Futures PF_BNBUSD	−0.0124%	1h	787.76	−0.037%	$2.5M	$1.2M	50x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	788.01	−0.005%	$4K	$42	25x	as long as short
StandX BNB-USD	0.0000%	1h	788.76	+0.090%	$851K	$3.1M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	787.78	−0.034%	$9.5M	—	150x	as long as short
Aster BNBUSDT	+0.0026%	8h	788.36	+0.040%	$6.1M	$18.7M	200x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.162%	$19K	$789K	30x	as long as short
BingX BNB-USDC	+0.0040%	8h	787.88	−0.022%	—	$13.4M	—	as long as short
Binance BNBUSDT	+0.0045%	8h	788.36	+0.039%	$491.5M	$798.4M	75x	as long as short
MEXC BNB_USDT	+0.0046%	8h	788.80	+0.095%	$80.0M	$12.0M	200x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex BNBUSDT	+0.0047%	8h	788.34	+0.037%	$69.0M	$50.6M	50x	as long as short
Coinbase International BNB-PERP-INTX	+0.0072%	1h	787.43	−0.079%	$581K	$1.9M	50x	as long as short
Phoenix BNB	+0.0092%	1h	788.66	+0.077%	$169K	$35K	10x	as long as short
dYdX BNB-USD	+0.0095%	1h	787.88	−0.022%	$159K	$64K	10x	as long as short
Lighter BNB	+0.0096%	1h	787.98	−0.009%	$2.7M	$3.9M	20x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	787.91	−0.018%	$265K	$492K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	787.70	−0.044%	$1.5M	$2.6M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	788.48	+0.055%	$51.7M	$17.5M	10x	as long as short
Pacifica BNBlong	+0.0100%	1h	788.05	long leg	$1.2M	$933K	20x
Bybit BNBUSDT	+0.0100%	8h	787.67	−0.048%	$138.6M	$73.7M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	787.70	−0.044%	$53.5M	$111.6M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	788.00	−0.006%	$52K	$133K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	787.80	−0.032%	$35.9M	$57.6M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	787.51	−0.069%	$27.6M	$10.3M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	787.49	−0.071%	$76.2M	$30.5M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	788.20	+0.019%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	787.50	−0.069%	$4.1M	$4.8M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	788.44	+0.050%	$4.1M	$73.7M	30x	as long as short
ApeX Omni BNBUSDTshort	+0.0100%	1h	788.63	+0.074%	$159K	$442K	50x
Polymarket Perps BNB-USD	+0.0100%	1h	787.64	−0.052%	$130K	$951K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	787.97	−0.011%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	788.28	+0.030%	$12K	$1.5M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	788.10	+0.006%	$387K	$1.0M	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	788.04	−0.001%	$8.1M	$9.6M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	788.12	+0.009%	$77K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	787.48	−0.073%	$1.9M	$6.3M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	787.83	−0.027%	$378K	$110K	10x	as long as short
Kalshi KXBNBPERP	+0.0117%	8h	788.30	+0.032%	$126K	$2.7M	4.8x	as long as short
BloFin BNB-USDT	+0.0166%	8h	788.40	+0.044%	$18.0M	$2.2M	75x	as long as short
GRVT BNB_USDT_Perp	+0.0174%	8h	788.73	+0.087%	$2.9M	$28.7M	10x	as long as short
Bulk BNB-USD	+0.0219%	1h	788.52	+0.060%	$639K	$9K	10x	as long as short
01 Exchange BNBUSD	+0.0240%	1h	788.27	+0.028%	$28K	$4K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	788.29	+0.031%	$1.5M	$143K	25x	as long as short
Reya BNBRUSDPERP	+0.0325%	1h	787.49	−0.072%	$6K	$3K	40x	as long as short
Hibachi BNB/USDT-P	+0.0416%	1h	788.02	−0.004%	$67K	$39K	12x	as long as short
RISEx BNB/USDC	+0.0431%	1h	788.12	+0.008%	$1.1M	$893K	20x	as long as short