Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: KuCoin against ApeX Omni−0.118%52s7-day average −0.080% · you buy dearer than you sell

Net, funding: paid 7d − costs−$44as 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−$410.406% of the position

Long on ApeX Omni Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.033%−$3 on $10k

Price spread, last 4 days (all we have)+0.017%+$2 · spread now −0.118%, 7d avg −0.080%

Together, before fees−0.015%−$2 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: KuCoin is 0.038% cheaper against ApeX Omni than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of −0.080%. The two prices were read 52 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	786.93	0.0100	pay 0.0013% / 1h	58m 28s	$158K	$438K	50x
Short	KuCoin BNBUSDTM	786.00	0.0100	get 0.0100% / 8h	58m 28s	$27.7M	$10.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.118%Rate

Funding earned: $0
Price spread: −0.118% → −0.080%: −$3.79
Slippage, 4 orders: −$18.62
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$44.4
Costs to cover: 0.406%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 44 min ago; KuCoin: live order book, 10 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, 44 min ago	5.15 bp	10.3 bp −$10	33.7 bp −$337	doesn't fit	doesn't fit
Sell KuCoin live order book, 10 min ago	0.44 bp	9.4 bp −$9	15.6 bp −$156	46.6 bp −$4,660	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 −0.0170% / S +0.0337%	1h	786.48	−0.057%	$43K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	786.89	−0.005%	$4K	$42	25x	as long as short
Kraken Futures PF_BNBUSD	−0.0050%	1h	786.50	−0.054%	$2.5M	$1.2M	50x	as long as short
StandX BNB-USD	0.0000%	1h	787.41	+0.061%	$849K	$2.7M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	786.50	−0.055%	$9.5M	—	150x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.308%	$19K	$789K	30x	as long as short
BingX BNB-USDT	+0.0046%	8h	786.38	−0.070%	—	$22.3M	—	as long as short
Aster BNBUSDT	+0.0048%	8h	786.86	−0.009%	$6.1M	$18.8M	200x	as long as short
MEXC BNB_USDT	+0.0057%	8h	787.60	+0.085%	$81.0M	$11.9M	200x	as long as short
Binance BNBUSDT	+0.0057%	8h	786.83	−0.012%	$489.0M	$821.2M	75x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX BNB-USD	+0.0060%	1h	786.64	−0.037%	$159K	$62K	10x	as long as short
Phemex BNBUSDT	+0.0075%	8h	787.13	+0.025%	$68.8M	$51.3M	50x	as long as short
Lighter BNB	+0.0096%	1h	786.54	−0.050%	$2.7M	$3.8M	20x	as long as short
Nado BNB-PERP	+0.0100%	1h	786.15	−0.099%	$1.4M	$2.7M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	786.88	−0.006%	$51.5M	$17.7M	10x	as long as short
Pacifica BNB	+0.0100%	1h	786.55	−0.048%	$1.2M	$934K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	786.20	−0.093%	$138.3M	$75.0M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	786.20	−0.093%	$53.5M	$113.1M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	786.50	−0.055%	$52K	$129K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	786.35	−0.074%	$38.0M	$57.4M	75x	as long as short
KuCoin BNBUSDTMshort	+0.0100%	8h	786.00	−0.118%	$27.7M	$10.2M	75x
Bitget BNBUSDT	+0.0100%	8h	785.97	−0.122%	$76.7M	$31.6M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	786.88	−0.006%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	785.91	−0.129%	$4.0M	$4.8M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	786.76	−0.021%	$4.1M	$76.6M	30x	as long as short
ApeX Omni BNBUSDTlong	+0.0100%	1h	786.93	long leg	$158K	$438K	50x
Polymarket Perps BNB-USD	+0.0100%	1h	786.18	−0.095%	$131K	$953K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	786.53	−0.051%	$265K	$454K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	787.05	+0.015%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	787.09	+0.020%	$12K	$1.5M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	786.70	−0.029%	$387K	$977K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0100%	1h	786.93	0.000%	$1.5M	$145K	25x	as long as short
HTX BNB-USDT	+0.0100%	8h	786.63	−0.037%	$8.0M	$10.2M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	786.85	−0.011%	$78K	$18K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	785.93	−0.127%	$1.8M	$5.9M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	786.52	−0.052%	$378K	$110K	10x	as long as short
Coinbase International BNB-PERP-INTX	+0.0104%	1h	787.43	+0.064%	$564K	$1.9M	50x	as long as short
Kalshi KXBNBPERP	+0.0117%	8h	787.00	+0.009%	$171K	$2.7M	4.8x	as long as short
Phoenix BNB	+0.0135%	1h	786.67	−0.033%	$169K	$34K	10x	as long as short
BloFin BNB-USDT	+0.0177%	8h	787.39	+0.058%	$17.7M	$2.2M	75x	as long as short
GRVT BNB_USDT_Perp	+0.0226%	8h	787.06	+0.016%	$2.9M	$28.6M	10x	as long as short
Bulk BNB-USD	+0.0230%	1h	786.88	−0.006%	$638K	$831	10x	as long as short
01 Exchange BNBUSD	+0.0288%	1h	786.88	−0.006%	$28K	$4K	10x	as long as short
Reya BNBRUSDPERP	+0.0321%	1h	786.00	−0.118%	$6K	$3K	40x	as long as short
RISEx BNB/USDC	+0.0350%	1h	786.57	−0.045%	$1.1M	$915K	20x	as long as short
Hibachi BNB/USDT-P	+0.0456%	1h	786.82	−0.014%	$67K	$39K	12x	as long as short