Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: edgeX against ApeX Omni−0.028%7-day average +0.004% · you buy dearer than you sell

Net, funding: paid 7d − costs−$34as in the Funding arb table

Net, price: spread back to 7d avg − costs−$37as in the Price arb table

costs, in and out, $10k−$340.340% of the position

Long on ApeX Omni Short on edgeX

What this pair did over the last

the charts below follow

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

Price spread, last 4 days (all we have)+0.015%+$1 · spread now −0.028%, 7d avg +0.004%

Together, before fees+0.015%+ Points / potential airdropedgeX: Active · farm board+$1 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: edgeX is 0.032% cheaper against ApeX Omni than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.004%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni BNBUSDT	788.44	0.0100	pay 0.0013% / 1h	21m 10s	$159K	$442K	50x
Short	edgeX BNBUSDC	788.22	0.0100	get 0.0050% / 4h	3h 21m	$4.1M	$74.0M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now −0.028%Rate

Funding earned: $0
Price spread: −0.028% → +0.004%: −$3.24
Slippage, 4 orders: −$14.99
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$37.23
Costs to cover: 0.340%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 31 min ago; edgeX: live order book, 3 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, 31 min ago	4.81 bp	10.6 bp −$11	32.1 bp −$321	doesn't fit	doesn't fit
Sell edgeX live order book, 3 min ago	1.90 bp	6.4 bp −$6	6.4 bp −$64	9.6 bp −$962	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	787.65	−0.100%	$46K	—	200x	as long as short
Kraken Futures PF_BNBUSD	−0.0124%	1h	787.60	−0.106%	$2.5M	$1.2M	50x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	788.00	−0.056%	$4K	$42	25x	as long as short
Kalshi KXBNBPERP	0.0000%	8h	788.10	−0.043%	$126K	$2.7M	4.8x	as long as short
StandX BNB-USD	0.0000%	1h	788.54	+0.013%	$850K	$3.1M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	787.64	−0.101%	$9.5M	—	150x	as long as short
Aster BNBUSDT	+0.0024%	8h	788.09	−0.044%	$6.1M	$18.8M	200x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.112%	$19K	$789K	30x	as long as short
BingX BNB-USDT	+0.0036%	8h	787.61	−0.105%	—	$22.3M	—	as long as short
MEXC BNB_USDT	+0.0043%	8h	788.40	−0.005%	$79.9M	$12.0M	200x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance BNBUSDT	+0.0043%	8h	787.96	−0.061%	$491.3M	$800.7M	75x	as long as short
Phemex BNBUSDT	+0.0045%	8h	787.91	−0.067%	$68.9M	$50.6M	50x	as long as short
Coinbase International BNB-PERP-INTX	+0.0072%	1h	787.19	−0.159%	$588K	$1.9M	50x	as long as short
Phoenix BNB	+0.0092%	1h	788.22	−0.028%	$169K	$35K	10x	as long as short
dYdX BNB-USD	+0.0096%	1h	787.16	−0.163%	$159K	$63K	10x	as long as short
Lighter BNB	+0.0096%	1h	787.61	−0.105%	$2.7M	$3.9M	20x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	787.73	−0.090%	$265K	$492K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	787.40	−0.132%	$1.5M	$2.6M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	787.91	−0.067%	$51.7M	$17.4M	10x	as long as short
Pacifica BNB	+0.0100%	1h	787.98	−0.058%	$1.2M	$933K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	787.30	−0.145%	$138.5M	$73.9M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	787.20	−0.157%	$53.5M	$111.6M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	787.90	−0.068%	$52K	$133K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	787.30	−0.145%	$35.9M	$57.8M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	787.51	−0.118%	$27.6M	$10.3M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	787.34	−0.140%	$76.2M	$30.6M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	787.75	−0.088%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	787.50	−0.119%	$4.1M	$4.8M	—	as long as short
edgeX BNBUSDCshort	+0.0100%	4h	788.22	−0.028%	$4.1M	$74.0M	30x
ApeX Omni BNBUSDTlong	+0.0100%	1h	788.44	long leg	$159K	$442K	50x
Polymarket Perps BNB-USD	+0.0100%	1h	787.61	−0.105%	$132K	$955K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	787.76	−0.086%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	788.40	−0.005%	$12K	$1.5M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	787.80	−0.081%	$387K	$1.0M	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	787.46	−0.125%	$8.1M	$9.6M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	788.10	−0.043%	$77K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	787.28	−0.147%	$1.9M	$6.3M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	787.72	−0.092%	$378K	$110K	10x	as long as short
BloFin BNB-USDT	+0.0163%	8h	788.23	−0.027%	$17.7M	$2.2M	75x	as long as short
GRVT BNB_USDT_Perp	+0.0174%	8h	788.49	+0.006%	$2.9M	$28.7M	10x	as long as short
Bulk BNB-USD	+0.0193%	1h	788.28	−0.020%	$638K	$10K	10x	as long as short
01 Exchange BNBUSD	+0.0240%	1h	788.41	−0.004%	$28K	$4K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	788.11	−0.041%	$1.5M	$143K	25x	as long as short
Reya BNBRUSDPERP	+0.0324%	1h	787.34	−0.139%	$6K	$3K	40x	as long as short
Hibachi BNB/USDT-P	+0.0408%	1h	787.20	−0.158%	$67K	$39K	12x	as long as short
RISEx BNB/USDC	+0.0431%	1h	788.09	−0.044%	$1.1M	$893K	20x	as long as short