Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: ApeX Omni against SunX−0.245%73s7-day average −0.016% · you buy dearer than you sell

Net, funding: paid 7d − costs−$71as 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−$710.712% of the position

Long on SunX Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 3 days (all we have)+0.252%+$25 · spread now −0.245%, 7d avg −0.016%

Together, before fees+0.252%+$25 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 0.229% cheaper against SunX than usual: you would sell low and buy high, −$23 on $10k if it goes back to its 7-day average of −0.016%. The two prices were read 73 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	SunX BNB-USDT	800.78	0.0100	pay 0.0100% / 8h	7h 26m	$13K	$1.7M	50x
Short	ApeX Omni BNBUSDT	798.82	0.0100	get 0.0013% / 1h	26m 09s	$161K	$436K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against SunX. 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 SunXbpFee ApeX OmnibpOrdersPrice spread, now −0.245%Rate

Funding earned: $0
Price spread: −0.245% → −0.016%: −$22.88
Slippage, 4 orders: −$53.22
Fee SunX: 4 bp × 2 orders: −$8
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$94.1
Costs to cover: 0.712%
Break-even: never at this rate

Slippage from SunX: live order book, 9 min ago; ApeX Omni: live order book, 46 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 SunX live order book, 9 min ago	15.06 bp	22.0 bp −$22	29.4 bp −$294	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 46 min ago	2.06 bp	18.0 bp −$18	39.1 bp −$391	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 −0.0159% / S +0.0335%	1h	800.16	−0.078%	$48K	—	200x	as long as short
Kraken Futures PF_BNBUSD	−0.0120%	1h	800.13	−0.081%	$2.5M	$1.0M	50x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	799.06	−0.215%	$4K	$239	25x	as long as short
BingX BNB-USDT	−0.0024%	8h	800.18	−0.075%	—	$35.0M	—	as long as short
Bybit BNBUSDT	−0.0009%	8h	799.80	−0.122%	$139.0M	$75.6M	75x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	799.48	−0.162%	$3.0M	$27.5M	10x	as long as short
StandX BNB-USD	0.0000%	1h	799.70	−0.135%	$864K	$2.9M	30x	as long as short
Phemex BNBUSDT	0.0000%	8h	800.48	−0.037%	$69.9M	$50.1M	50x	as long as short
Variational Omni BNB	+0.0003%	8h	799.72	−0.132%	$4.1M	$5.2M	—	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	800.14	−0.080%	$9.8M	—	150x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate BNB_USDT	+0.0023%	8h	799.85	−0.116%	$35.8M	$56.4M	75x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+0.538%	$19K	$789K	30x	as long as short
Coinbase International BNB-PERP-INTX	+0.0048%	1h	800.35	−0.054%	$616K	$1.1M	50x	as long as short
Aster BNBUSDT	+0.0060%	8h	800.69	−0.011%	$6.2M	$19.3M	200x	as long as short
MEXC BNB_USDT	+0.0081%	8h	800.90	+0.015%	$83.3M	$13.6M	200x	as long as short
Binance BNBUSDT	+0.0081%	8h	800.57	−0.026%	$496.8M	$810.3M	75x	as long as short
Lighter BNB	+0.0096%	1h	800.46	−0.040%	$2.8M	$4.0M	20x	as long as short
Phoenix BNB	+0.0099%	1h	798.91	−0.233%	$172K	$36K	10x	as long as short
Nado BNB-PERP	+0.0100%	1h	799.30	−0.185%	$1.5M	$2.7M	20x	as long as short
Pacifica BNB	+0.0100%	1h	799.65	−0.141%	$1.2M	$924K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	799.90	−0.110%	$54.3M	$111.2M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	799.70	−0.135%	$53K	$133K	10x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	800.00	−0.097%	$27.9M	$10.1M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	799.96	−0.102%	$78.9M	$27.8M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	798.99	−0.223%	$4.2M	$76.2M	30x	as long as short
ApeX Omni BNBUSDTshort	+0.0100%	1h	798.82	−0.245%	$161K	$436K	50x
Polymarket Perps BNB-USD	+0.0100%	1h	800.01	−0.096%	$117K	$878K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	800.09	−0.086%	$387K	$458K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	800.36	−0.052%	$32K	$5K	10x	as long as short
SunX BNB-USDTlong	+0.0100%	8h	800.78	long leg	$13K	$1.7M	50x
SoDEX BNB-USD	+0.0100%	1h	800.40	−0.047%	$394K	$1.0M	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	799.40	−0.172%	$8.2M	$8.3M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	800.29	−0.062%	$78K	$18K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	799.82	−0.119%	$1.8M	$6.3M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	800.14	−0.079%	$384K	$110K	10x	as long as short
Bulk BNB-USD	+0.0127%	1h	799.28	−0.188%	$649K	$10K	10x	as long as short
RISEx BNB/USDC	+0.0155%	1h	799.74	−0.130%	$1.1M	$1.4M	20x	as long as short
Kalshi KXBNBPERP	+0.0156%	8h	800.40	−0.047%	$90K	$2.8M	4.8x	as long as short
Hibachi BNB/USDT-P	+0.0200%	1h	799.61	−0.146%	$69K	$38K	12x	as long as short
BloFin BNB-USDT	+0.0201%	8h	799.28	−0.187%	$18.1M	$2.6M	75x	as long as short
01 Exchange BNBUSD	+0.0208%	1h	800.19	−0.074%	$28K	$1K	10x	as long as short
dYdX BNB-USD	+0.0225%	1h	799.33	−0.181%	$161K	$63K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	800.74	−0.005%	$1.6M	$161K	25x	as long as short
Hyperliquid BNB	+0.0308%	1h	800.93	+0.019%	$53.2M	$20.7M	10x	as long as short
Reya BNBRUSDPERP	+0.0330%	1h	799.76	−0.127%	$6K	$3K	40x	as long as short
Backpack BNB_USDC_PERP	+0.0393%	1h	800.89	+0.014%	$2.7M	$5.7M	40x	as long as short