Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: SunX against ApeX Omni+0.144%73s7-day average +0.016% · you sell dearer than you buy

Net, funding: paid 7d − costs−$64as 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−$640.639% of the position

Long on ApeX Omni Short on SunX

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)−0.172%−$17 · spread now +0.144%, 7d avg +0.016%

Together, before fees−0.172%−$17 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: SunX is 0.129% dearer against ApeX Omni than usual: you sell high and buy low, +$13 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	ApeX Omni BNBUSDT	802.77	0.0100	pay 0.0013% / 1h	45m 47s	$162K	$442K	50x
Short	SunX BNB-USDT	803.93	0.0100	get 0.0100% / 8h	45m 47s	$13K	$1.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.144%Rate

Funding earned: $0
Price spread: +0.144% → +0.016%: $12.86
Slippage, 4 orders: −$45.93
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: −$51.07
Costs to cover: 0.639%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 32 min ago; SunX: live order book, 9 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, 32 min ago	4.55 bp	9.6 bp −$10	38.4 bp −$384	doesn't fit	doesn't fit
Sell SunX live order book, 9 min ago	14.81 bp	23.2 bp −$23	30.5 bp −$305	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 −0.0201% / S +0.0372%	1h	803.28	+0.064%	$48K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	803.55	+0.097%	$4K	$1K	25x	as long as short
Kraken Futures PF_BNBUSD	−0.0074%	1h	803.22	+0.056%	$2.6M	$969K	50x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	803.05	+0.034%	$3.0M	$28.0M	10x	as long as short
StandX BNB-USD	0.0000%	1h	803.38	+0.076%	$868K	$2.9M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	803.33	+0.070%	$9.8M	—	150x	as long as short
Variational Omni BNB	+0.0029%	8h	802.05	−0.090%	$4.2M	$5.4M	—	as long as short
BingX BNB-USDC	+0.0052%	8h	803.05	+0.035%	—	$13.3M	—	as long as short
Bybit BNBUSDT	+0.0063%	8h	802.72	−0.006%	$139.4M	$78.6M	75x	as long as short
Coinbase International BNB-PERP-INTX	+0.0072%	1h	800.72	−0.255%	$607K	$995K	50x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter BNB	+0.0096%	1h	803.60	+0.103%	$2.8M	$4.1M	20x	as long as short
Nado BNB-PERP	+0.0100%	1h	802.81	+0.005%	$1.4M	$2.7M	20x	as long as short
Pacifica BNB	+0.0100%	1h	803.23	+0.057%	$1.2M	$926K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	802.80	+0.004%	$54.7M	$113.7M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	803.40	+0.078%	$53K	$133K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	802.95	+0.022%	$35.9M	$57.7M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	803.02	+0.031%	$28.1M	$10.3M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	802.80	+0.004%	$79.6M	$27.4M	75x	as long as short
edgeX BNBUSDC	+0.0100%	4h	803.19	+0.052%	$4.2M	$77.8M	30x	as long as short
ApeX Omni BNBUSDTlong	+0.0100%	1h	802.77	long leg	$162K	$442K	50x
Polymarket Perps BNB-USD	+0.0100%	1h	803.01	+0.030%	$119K	$873K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	803.31	+0.067%	$388K	$497K	50x	as long as short
Derive BNB-PERP	+0.0100%	1h	803.57	+0.100%	$32K	$5K	10x	as long as short
SunX BNB-USDTshort	+0.0100%	8h	803.93	+0.144%	$13K	$1.7M	50x
HTX BNB-USDT	+0.0100%	8h	802.98	+0.026%	$8.2M	$8.0M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	803.69	+0.115%	$78K	$19K	50x	as long as short
Aster BNBUSDT	+0.0104%	8h	803.91	+0.142%	$6.4M	$19.0M	200x	as long as short
Extended BNB-USD	+0.0104%	1h	802.68	−0.011%	$1.9M	$6.4M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	803.37	+0.074%	$386K	$40K	10x	as long as short
Phemex BNBUSDT	+0.0110%	8h	803.95	+0.147%	$70.3M	$51.0M	50x	as long as short
Kalshi KXBNBPERP	+0.0113%	8h	803.60	+0.103%	$110K	$2.9M	4.8x	as long as short
Binance BNBUSDT	+0.0125%	8h	803.75	+0.122%	$502.7M	$817.8M	75x	as long as short
MEXC BNB_USDT	+0.0125%	8h	804.00	+0.153%	$83.6M	$13.5M	200x	as long as short
SoDEX BNB-USD	+0.0125%	1h	803.40	+0.078%	$395K	$1.0M	10x	as long as short
Phoenix BNB	+0.0127%	1h	803.03	+0.032%	$173K	$36K	10x	as long as short
Hibachi BNB/USDT-P	+0.0232%	1h	802.49	−0.035%	$71K	$49K	12x	as long as short
Hyperliquid BNB	+0.0244%	1h	803.93	+0.144%	$52.1M	$21.4M	10x	as long as short
BloFin BNB-USDT	+0.0245%	8h	803.42	+0.081%	$18.2M	$2.6M	75x	as long as short
RISEx BNB/USDC	+0.0258%	1h	803.33	+0.070%	$1.1M	$1.4M	20x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	803.80	+0.128%	$1.6M	$165K	25x	as long as short
Injective BNB/USDC PERP	+0.0306%	1h	805.09	+0.289%	$19K	$789K	30x	as long as short
Bulk BNB-USD	+0.0309%	1h	803.58	+0.101%	$653K	$20K	10x	as long as short
Reya BNBRUSDPERP	+0.0332%	1h	802.71	−0.007%	$6K	$3K	40x	as long as short
Backpack BNB_USDC_PERP	+0.0359%	1h	804.14	+0.171%	$2.7M	$5.7M	40x	as long as short
01 Exchange BNBUSD	+0.0376%	1h	803.92	+0.143%	$28K	$1K	10x	as long as short
dYdX BNB-USD	+0.0482%	1h	802.89	+0.015%	$162K	$62K	10x	as long as short