BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0007%/8h= −0.7% APRnext payment −$0.01 per $10,000 · paid last 24h −0.006%

Price spread now: ApeX Omni against Phoenix+0.066%7-day average −0.016% · you sell dearer than you buy

Net, funding: paid 7d − costs−$64as in the Funding arb table

Net, price: spread back to 7d avg − costs−$38as in the Price arb table

costs, in and out, $10k−$460.460% of the position

Long on Phoenix Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−0.177%−$18 on $10k

Price spread, last 4 days (all we have)−0.089%−$9 · spread now +0.066%, 7d avg −0.016%

Together, before fees−0.266%−$27 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 0.082% dearer against Phoenix than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of −0.016%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix BNB	787.34	0.0107	pay 0.0013% / 1h	48m 29s	$169K	$35K	10x
Short	ApeX Omni BNBUSDT	787.86	0.0100	get 0.0013% / 1h	48m 29s	$159K	$439K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Phoenix. 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 PhoenixbpFee ApeX OmnibpOrdersPrice spread, now +0.066%Rate

Funding earned: −$1.39
Price spread: +0.066% → −0.016%: $8.16
Slippage, 4 orders: −$29
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$39.23
Costs to cover: 0.460%
Break-even: never at this rate

Slippage from Phoenix: live order book, 58 min ago; ApeX Omni: live order book, 64 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 Phoenix live order book, 58 min ago	1.01 bp	12.4 bp −$12	50.9 bp −$509	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 64 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	787.49	+0.018%	$46K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	787.53	+0.024%	$4K	$42	25x	as long as short
StandX BNB-USD	0.0000%	1h	788.28	+0.119%	$850K	$3.1M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	787.50	+0.020%	$9.5M	—	150x	as long as short
Aster BNBUSDT	+0.0029%	8h	788.23	+0.113%	$6.1M	$19.0M	200x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.254%	$19K	$789K	30x	as long as short
BingX BNB-USDT	+0.0039%	8h	787.84	+0.064%	—	$22.1M	—	as long as short
MEXC BNB_USDT	+0.0051%	8h	788.50	+0.147%	$79.9M	$11.8M	200x	as long as short
Binance BNBUSDT	+0.0051%	8h	788.21	+0.110%	$491.0M	$804.2M	75x	as long as short
Phemex BNBUSDT	+0.0053%	8h	787.86	+0.066%	$68.9M	$50.7M	50x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_BNBUSD	+0.0069%	1h	787.29	−0.007%	$2.5M	$1.2M	50x	as long as short
dYdX BNB-USD	+0.0077%	1h	787.06	−0.036%	$159K	$61K	10x	as long as short
Coinbase International BNB-PERP-INTX	+0.0080%	1h	787.46	+0.015%	$578K	$1.9M	50x	as long as short
Lighter BNB	+0.0096%	1h	787.61	+0.034%	$2.7M	$3.8M	20x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	787.33	−0.001%	$265K	$490K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	787.65	+0.039%	$1.4M	$2.7M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	788.06	+0.091%	$51.7M	$17.4M	10x	as long as short
Pacifica BNB	+0.0100%	1h	787.74	+0.051%	$1.2M	$933K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	787.50	+0.020%	$138.3M	$74.2M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	787.60	+0.033%	$53.5M	$111.9M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	787.90	+0.071%	$52K	$129K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	787.60	+0.033%	$36.2M	$57.9M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	787.50	+0.020%	$27.6M	$10.2M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	787.33	−0.001%	$76.2M	$30.7M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	787.69	+0.044%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	787.11	−0.029%	$4.1M	$4.6M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	787.81	+0.060%	$4.1M	$74.6M	30x	as long as short
ApeX Omni BNBUSDTshort	+0.0100%	1h	787.86	+0.066%	$159K	$439K	50x
Polymarket Perps BNB-USD	+0.0100%	1h	787.57	+0.029%	$132K	$953K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	787.50	+0.020%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	787.93	+0.075%	$12K	$1.5M	50x	as long as short
HTX BNB-USDT	+0.0100%	8h	787.13	−0.026%	$8.1M	$9.8M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	787.84	+0.063%	$77K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	787.34	0.000%	$1.8M	$6.3M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	787.37	+0.003%	$378K	$110K	10x	as long as short
Phoenix BNBlong	+0.0107%	1h	787.34	long leg	$169K	$35K	10x
SoDEX BNB-USD	+0.0119%	1h	787.50	+0.020%	$387K	$997K	10x	as long as short
Kalshi KXBNBPERP	+0.0131%	8h	787.70	+0.046%	$122K	$2.7M	4.8x	as long as short
BloFin BNB-USDT	+0.0171%	8h	787.95	+0.077%	$17.7M	$2.2M	75x	as long as short
GRVT BNB_USDT_Perp	+0.0198%	8h	788.06	+0.091%	$2.9M	$29.2M	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0200%	1h	787.78	+0.056%	$1.5M	$143K	25x	as long as short
Bulk BNB-USD	+0.0260%	1h	788.17	+0.106%	$639K	$10K	10x	as long as short
01 Exchange BNBUSD	+0.0312%	1h	788.36	+0.130%	$28K	$4K	10x	as long as short
Reya BNBRUSDPERP	+0.0324%	1h	787.30	−0.005%	$6K	$3K	40x	as long as short
RISEx BNB/USDC	+0.0432%	1h	788.01	+0.086%	$1.1M	$908K	20x	as long as short
Hibachi BNB/USDT-P	+0.0448%	1h	787.74	+0.051%	$67K	$39K	12x	as long as short