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

BNB

all BNB markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC+0.0100%/8h= +10.9% APRnext payment +$0.13 per $10,000 · paid last 24h +0.030%
Price spread now: ApeX Omni against StandX−0.009%61s7-day average +0.012% · you buy dearer than you sell
Net, funding: paid 7d − costs−$21as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$420.423% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.210%+$21 on $10k
Price spread, last 4 days (all we have)+0.083%+$8 · spread now −0.009%, 7d avg +0.012%
Together, before fees+0.293%+ Points / potential airdropStandX: Active · farm board+$29 on $10k · with fees, hour by hour
Funding pays, the price is against you. ApeX Omni is 0.021% cheaper against StandX than usual: you would sell low and buy high (spread −0.009% now, against its 7-day average of +0.012%). If the spread goes back, that is −$2 on $10k: about 17 hours of funding at the current rate (+$3 a day). The two prices were read 61 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongStandX BNB-USD789.980get 0.0000% / 1h38m 20s$854K$3.2M30x
ShortApeX Omni BNBUSDT789.910.0100get 0.0013% / 1h38m 20s$159K$441K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against StandX. 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
$21
Price spread: −0.009% → +0.012%
−$2.12
Slippage, 4 orders
−$24.33
Fee StandX: 4 bp × 2 orders
−$8
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
−$23.45
Costs to cover
0.423%
Break-even
14.8 days
Slippage from StandX: live order book, 1 min ago; ApeX Omni: live order book, 19 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 StandX live order book, 1 min ago5.19 bp10.4 bp −$1013.3 bp −$133doesn't fitdoesn't fit
Sell ApeX Omni live order book, 19 min ago5.18 bp11.1 bp −$1134.0 bp −$340doesn'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 −0.0185% / S +0.0350%1h789.65−0.041%$46K200xas long as short
Hotstuff BNB-PERP−0.0080%1h789.40−0.073%$4K$4225xas long as short
StandX BNB-USDlong0.0000%1h789.98long leg$854K$3.2M30x
gTrade (Gains Network) BNB/USDL +0.0007% / S −0.0007%1h789.61−0.047%$9.5M150xas long as short
Injective BNB/USDC PERP+0.0033%1h805.09+1.913%$19K$789K30xas long as short
Aster BNBUSDT+0.0040%8h789.70−0.035%$6.1M$18.7M200xas long as short
BingX BNB-USDT+0.0054%8h789.66−0.041%$34.4Mas long as short
Coinbase International BNB-PERP-INTX+0.0064%1h789.45−0.067%$582K$1.9M50xas long as short
Binance BNBUSDT+0.0066%8h790.26+0.035%$493.2M$788.9M75xas long as short
MEXC BNB_USDT+0.0066%8h790.50+0.066%$80.2M$12.3M200xas long as short
Show all 46 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Phemex BNBUSDT+0.0066%8h789.48−0.063%$69.1M$49.9M50xas long as short
Lighter BNB+0.0096%1h789.25−0.093%$2.7M$3.8M20xas long as short
Orderly PERP_BNB_USDC+0.0100%8h789.81−0.022%$266K$492K50xas long as short
Nado BNB-PERP+0.0100%1h788.80−0.149%$1.5M$2.6M20xas long as short
Hyperliquid BNB+0.0100%1h790.28+0.038%$51.9M$17.5M10xas long as short
Pacifica BNB+0.0100%1h789.29−0.087%$1.2M$931K20xas long as short
Bybit BNBUSDT+0.0100%8h789.50−0.061%$138.8M$74.7M75xas long as short
OKX BNB-USDT-SWAP+0.0100%8h789.40−0.073%$53.4M$111.1M50xas long as short
Arcus BNB-USD+0.0100%1h789.50−0.061%$52K$130K10xas long as short
Gate BNB_USDT+0.0100%8h789.55−0.054%$35.4M$56.7M75xas long as short
KuCoin BNBUSDTM+0.0100%8h789.11−0.110%$27.6M$10.3M75xas long as short
Bitget BNBUSDT+0.0100%8h789.24−0.094%$76.4M$30.1M75xas long as short
Backpack BNB_USDC_PERP+0.0100%1h789.25−0.092%$2.2M$6.1M40xas long as short
Variational Omni BNB+0.0100%8h788.90−0.136%$4.1M$4.6Mas long as short
edgeX BNBUSDC+0.0100%4h790.18+0.025%$4.1M$73.5M30xas long as short
ApeX Omni BNBUSDTshort+0.0100%1h789.91−0.009%$159K$441K50x
Polymarket Perps BNB-USD+0.0100%1h789.60−0.048%$133K$950K10xas long as short
Derive BNB-PERP+0.0100%1h789.90−0.011%$31K$12K10xas long as short
SunX BNB-USDT+0.0100%8h789.66−0.041%$12K$1.5M50xas long as short
SoDEX BNB-USD+0.0100%1h789.60−0.048%$388K$1.0M10xas long as short
HTX BNB-USDT+0.0100%8h789.71−0.034%$8.1M$9.4M75xas long as short
Paradex BNB-USD-PERP+0.0101%8h789.79−0.024%$77K$17K50xas long as short
Extended BNB-USD+0.0104%1h789.10−0.111%$1.8M$5.9M50xas long as short
Aevo BNB-PERP+0.0104%1h789.84−0.017%$379K$110K10xas long as short
Phoenix BNB+0.0117%1h789.39−0.075%$170K$35K10xas long as short
dYdX BNB-USD+0.0124%1h788.93−0.133%$160K$64K10xas long as short
GRVT BNB_USDT_Perp+0.0137%8h789.99+0.001%$2.9M$28.2M10xas long as short
Kalshi KXBNBPERP+0.0180%8h790.10+0.015%$124K$2.7M4.8xas long as short
BloFin BNB-USDT+0.0187%8h789.44−0.068%$18.1M$2.2M75xas long as short
01 Exchange BNBUSD+0.0224%1h790.09+0.014%$28K$4K10xas long as short
Kraken Futures PF_BNBUSD+0.0263%1h789.24−0.094%$2.5M$1.2M50xas long as short
Bulk BNB-USD+0.0272%1h789.78−0.025%$640K$9K10xas long as short
Reya BNBRUSDPERP+0.0326%1h789.30−0.086%$6K$3K40xas long as short
Deribit BNB_USDC-PERPETUAL+0.0400%1h790.26+0.036%$1.5M$143K25xas long as short
RISEx BNB/USDC+0.0461%1h789.64−0.042%$1.1M$973K20xas long as short
Hibachi BNB/USDT-P+0.0472%1h789.36−0.079%$67K$38K12xas long as short