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

BNB

all BNB markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC−0.0004%/8h= −0.4% APRnext payment $0.00 per $10,000 · paid last 24h −0.004%
Price spread now: ApeX Omni against SoDEX−0.023%74s7-day average +0.044% · you buy dearer than you sell
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$310.311% of the position
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.013%−$1 on $10k
Price spread, last 4 days (all we have)+0.065%+$7 · spread now −0.023%, 7d avg +0.044%
Together, before fees+0.053%+$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 0.067% cheaper against SoDEX than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of +0.044%. The two prices were read 74 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSoDEX BNB-USD785.100.0104pay 0.0013% / 1h24m 19s$386K$993K10x
ShortApeX Omni BNBUSDT784.920.0100get 0.0013% / 1h24m 19s$158K$439K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against SoDEX. 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
−$0.76
Price spread: −0.023% → +0.044%
−$6.66
Slippage, 4 orders
−$13.14
Fee SoDEX: 4 bp × 2 orders
−$8
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
−$38.56
Costs to cover
0.311%
Break-even
never at this rate
Slippage from SoDEX: live order book, 34 min ago; ApeX Omni: live order book, 23 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 SoDEX live order book, 34 min ago0.64 bp5.3 bp −$59.0 bp −$9085.3 bp −$8,533doesn't fit
Sell ApeX Omni live order book, 23 min ago5.15 bp10.4 bp −$1031.9 bp −$319doesn'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 −0.0192% / S +0.0356%1h784.62−0.061%$46K200xas long as short
Hotstuff BNB-PERP−0.0080%1h785.06−0.005%$4K$4225xas long as short
StandX BNB-USD0.0000%1h785.75+0.083%$847K$3.0M30xas long as short
gTrade (Gains Network) BNB/USDL +0.0007% / S −0.0007%1h784.79−0.040%$9.5M150xas long as short
Aster BNBUSDT+0.0032%8h785.40+0.038%$6.1M$19.0M200xas long as short
Injective BNB/USDC PERP+0.0033%1h805.09+2.546%$19K$789K30xas long as short
BingX BNB-USDC+0.0042%8h784.66−0.056%$13.4Mas long as short
Phemex BNBUSDT+0.0051%8h785.00−0.013%$68.7M$50.5M50xas long as short
MEXC BNB_USDT+0.0056%8h785.70+0.076%$79.6M$11.9M200xas long as short
Binance BNBUSDT+0.0056%8h785.51+0.052%$489.4M$811.2M75xas long as short
Show all 46 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_BNBUSD+0.0069%1h784.93−0.022%$2.5M$1.2M50xas long as short
Coinbase International BNB-PERP-INTX+0.0080%1h784.62−0.061%$567K$1.9M50xas long as short
Lighter BNB+0.0096%1h784.70−0.051%$2.7M$3.8M20xas long as short
Orderly PERP_BNB_USDC+0.0100%8h784.90−0.025%$264K$489K50xas long as short
Nado BNB-PERP+0.0100%1h784.45−0.083%$1.4M$2.7M20xas long as short
Hyperliquid BNB+0.0100%1h785.38+0.036%$51.4M$17.5M10xas long as short
Pacifica BNB+0.0100%1h784.87−0.029%$1.2M$933K20xas long as short
Bybit BNBUSDT+0.0100%8h784.72−0.048%$137.8M$74.7M75xas long as short
OKX BNB-USDT-SWAP+0.0100%8h784.70−0.051%$53.4M$112.4M50xas long as short
Arcus BNB-USD+0.0100%1h784.90−0.025%$52K$129K10xas long as short
Gate BNB_USDT+0.0100%8h784.85−0.032%$36.5M$58.9M75xas long as short
KuCoin BNBUSDTM+0.0100%8h784.52−0.074%$27.6M$10.2M75xas long as short
Bitget BNBUSDT+0.0100%8h784.79−0.039%$75.9M$31.0M75xas long as short
Backpack BNB_USDC_PERP+0.0100%1h784.67−0.055%$2.2M$6.1M40xas long as short
Variational Omni BNB+0.0100%8h783.72−0.176%$4.0M$4.8Mas long as short
edgeX BNBUSDC+0.0100%4h784.31−0.101%$4.1M$75.2M30xas long as short
ApeX Omni BNBUSDTshort+0.0100%1h784.92−0.023%$158K$439K50x
Polymarket Perps BNB-USD+0.0100%1h784.72−0.048%$131K$954K10xas long as short
Derive BNB-PERP+0.0100%1h785.04−0.008%$31K$12K10xas long as short
SunX BNB-USDT+0.0100%8h785.27+0.022%$12K$1.5M50xas long as short
HTX BNB-USDT+0.0100%8h784.48−0.079%$8.0M$10.0M75xas long as short
Paradex BNB-USD-PERP+0.0100%8h785.11+0.002%$76K$17K50xas long as short
SoDEX BNB-USDlong+0.0104%1h785.10long leg$386K$993K10x
Extended BNB-USD+0.0104%1h784.73−0.047%$1.8M$6.2M50xas long as short
Aevo BNB-PERP+0.0104%1h785.01−0.012%$377K$110K10xas long as short
Phoenix BNB+0.0107%1h784.35−0.096%$169K$35K10xas long as short
Kalshi KXBNBPERP+0.0141%8h785.00−0.013%$160K$2.7M4.8xas long as short
dYdX BNB-USD+0.0168%1h784.36−0.094%$159K$62K10xas long as short
BloFin BNB-USDT+0.0176%8h785.45+0.045%$17.7M$2.2M75xas long as short
GRVT BNB_USDT_Perp+0.0208%8h785.52+0.053%$2.9M$29.3M10xas long as short
01 Exchange BNBUSD+0.0296%1h785.53+0.055%$28K$4K10xas long as short
Bulk BNB-USD+0.0298%1h785.69+0.075%$637K$4K10xas long as short
Reya BNBRUSDPERP+0.0323%1h784.60−0.063%$6K$3K40xas long as short
Deribit BNB_USDC-PERPETUAL+0.0400%1h785.40+0.039%$1.5M$143K25xas long as short
RISEx BNB/USDC+0.0432%1h785.05−0.006%$1.1M$905K20xas long as short
Hibachi BNB/USDT-P+0.0512%1h784.74−0.046%$67K$39K12xas long as short