BNB

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0156%/8h= +17.0% APRnext payment +$0.19 per $10,000 · paid last 24h +0.044%

Price spread now: Bulk against ApeX Omni−0.039%55s7-day average +0.032% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$280.284% of the position

Long on ApeX Omni Short on Bulk

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.237%+$24 on $10k

Price spread, last 4 days (all we have)−0.020%−$2 · spread now −0.039%, 7d avg +0.032%

Together, before fees+0.217%+$22 on $10k · with fees, hour by hour

Funding pays, the price is against you. Bulk is 0.071% cheaper against ApeX Omni than usual: you would sell low and buy high (spread −0.039% now, against its 7-day average of +0.032%). If the spread goes back, that is −$7 on $10k: about 36 hours of funding at the current rate (+$5 a day). The two prices were read 55 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	ApeX Omni BNBUSDT	786.54	0.0100	pay 0.0013% / 1h	34m 00s	$158K	$438K	50x
Short	Bulk BNB-USD	786.23	0.0256	get 0.0032% / 1h	34m 00s	$637K	$10K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bulk against ApeX Omni. 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 ApeX OmnibpFee BulkbpOrdersPrice spread, now −0.039%Rate

Funding earned: $32.68
Price spread: −0.039% → +0.032%: −$7.09
Slippage, 4 orders: −$11.36
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Bulk: 3.5 bp × 2 orders: −$7
Net: −$2.78
Costs to cover: 0.284%
Break-even: 7.6 days

Slippage from ApeX Omni: live order book, 14 min ago; Bulk: live order book, 15 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 ApeX Omni live order book, 14 min ago	5.15 bp	10.9 bp −$11	32.9 bp −$329	doesn't fit	doesn't fit
Sell Bulk live order book, 15 min ago	0.06 bp	3.6 bp −$4	3.7 bp −$37	9.2 bp −$916	21.9 bp −$11.0K

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	785.09	−0.185%	$46K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	786.02	−0.066%	$4K	$42	25x	as long as short
StandX BNB-USD	0.0000%	1h	787.58	+0.132%	$849K	$3.0M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	785.13	−0.179%	$9.5M	—	150x	as long as short
Aster BNBUSDT	+0.0030%	8h	785.74	−0.101%	$6.1M	$19.0M	200x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.358%	$19K	$789K	30x	as long as short
BingX BNB-USDT	+0.0041%	8h	785.32	−0.155%	—	$22.1M	—	as long as short
Phemex BNBUSDT	+0.0048%	8h	785.61	−0.118%	$68.7M	$50.7M	50x	as long as short
MEXC BNB_USDT	+0.0052%	8h	786.10	−0.056%	$79.7M	$11.8M	200x	as long as short
Binance BNBUSDT	+0.0053%	8h	785.59	−0.121%	$489.0M	$808.8M	75x	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	785.05	−0.190%	$2.5M	$1.2M	50x	as long as short
Coinbase International BNB-PERP-INTX	+0.0080%	1h	786.23	−0.039%	$576K	$1.9M	50x	as long as short
Lighter BNB	+0.0096%	1h	785.29	−0.159%	$2.7M	$3.8M	20x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	785.15	−0.177%	$264K	$490K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	785.40	−0.145%	$1.4M	$2.7M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	785.73	−0.103%	$51.6M	$17.5M	10x	as long as short
Pacifica BNB	+0.0100%	1h	785.92	−0.079%	$1.2M	$933K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	785.00	−0.196%	$137.9M	$74.5M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	784.90	−0.209%	$53.3M	$112.0M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	785.80	−0.094%	$52K	$129K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	785.15	−0.177%	$36.3M	$58.4M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	784.82	−0.219%	$27.5M	$10.2M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	784.60	−0.247%	$75.9M	$30.7M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	785.75	−0.100%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	786.03	−0.065%	$4.0M	$4.9M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	786.25	−0.036%	$4.1M	$75.0M	30x	as long as short
ApeX Omni BNBUSDTlong	+0.0100%	1h	786.54	long leg	$158K	$438K	50x
Polymarket Perps BNB-USD	+0.0100%	1h	785.33	−0.154%	$131K	$952K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	785.24	−0.165%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	786.06	−0.061%	$12K	$1.5M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	785.20	−0.170%	$386K	$994K	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	785.33	−0.154%	$8.0M	$10.0M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	785.98	−0.072%	$76K	$17K	50x	as long as short
dYdX BNB-USD	+0.0100%	1h	785.67	−0.110%	$159K	$61K	10x	as long as short
Extended BNB-USD	+0.0104%	1h	784.69	−0.235%	$1.8M	$6.4M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	785.08	−0.186%	$377K	$110K	10x	as long as short
Phoenix BNB	+0.0107%	1h	786.44	−0.013%	$169K	$35K	10x	as long as short
Kalshi KXBNBPERP	+0.0142%	8h	786.10	−0.056%	$141K	$2.7M	4.8x	as long as short
BloFin BNB-USDT	+0.0173%	8h	787.24	+0.089%	$17.8M	$2.2M	75x	as long as short
GRVT BNB_USDT_Perp	+0.0205%	8h	786.66	+0.015%	$2.9M	$29.3M	10x	as long as short
Bulk BNB-USDshort	+0.0256%	1h	786.23	−0.039%	$637K	$10K	10x
01 Exchange BNBUSD	+0.0288%	1h	786.11	−0.055%	$28K	$4K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	785.46	−0.137%	$1.5M	$143K	25x	as long as short
Reya BNBRUSDPERP	+0.0323%	1h	785.26	−0.163%	$6K	$3K	40x	as long as short
RISEx BNB/USDC	+0.0432%	1h	785.91	−0.080%	$1.1M	$909K	20x	as long as short
Hibachi BNB/USDT-P	+0.0480%	1h	786.93	+0.049%	$67K	$39K	12x	as long as short