Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.017%

Price spread now: ApeX Omni against BingX+0.034%7-day average +0.048% · you sell dearer than you buy

Net, funding: paid 7d − costs−$27as in the Funding arb table

Net, price: spread back to 7d avg − costs−$33as in the Price arb table

costs, in and out, $10k−$310.312% of the position

Long on BingX Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.043%+$4 on $10k

Price spread, last 4 days (all we have)+0.168%+$17 · spread now +0.034%, 7d avg +0.048%

Together, before fees+0.212%+$21 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX BNB-USDT	787.71	0.0100	pay 0.0100% / 8h	5h 56m	—	$50.2M	—
Short	ApeX Omni BNBUSDT	787.98	0.0100	get 0.0013% / 1h	56m 55s	$159K	$444K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against BingX. 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 BingXbpFee ApeX OmnibpOrdersPrice spread, now +0.034%Rate

Funding earned: $0
Price spread: +0.034% → +0.048%: −$1.34
Slippage, 4 orders: −$11.22
Fee BingX: 5 bp × 2 orders: −$10
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$32.57
Costs to cover: 0.312%
Break-even: never at this rate

Slippage from BingX: live order book, 10 min ago; ApeX Omni: live order book, 53 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 BingX live order book, 10 min ago	0.13 bp	5.1 bp −$5	5.4 bp −$54	9.3 bp −$933	23.1 bp −$11.6K
Sell ApeX Omni live order book, 53 min ago	4.07 bp	11.0 bp −$11	36.5 bp −$365	doesn't fit	doesn't fit

BNB on 45 exchanges

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 −0.0166% / S +0.0336%	1h	787.51	−0.026%	$43K	—	200x	as long as short
Kraken Futures PF_BNBUSD	−0.0085%	1h	787.51	−0.026%	$2.5M	$1.2M	50x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	788.09	+0.048%	$4K	—	25x	as long as short
Aster BNBUSDT	0.0000%	8h	788.10	+0.049%	$6.0M	$17.1M	200x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	787.97	+0.033%	$2.9M	$26.4M	10x	as long as short
Kalshi KXBNBPERP	0.0000%	8h	787.90	+0.024%	$139K	$2.5M	4.8x	as long as short
StandX BNB-USD	0.0000%	1h	788.38	+0.085%	$850K	$2.9M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	787.45	−0.033%	$9.5M	—	150x	as long as short
Binance BNBUSDT	+0.0017%	8h	788.10	+0.050%	$481.8M	$767.3M	75x	as long as short
MEXC BNB_USDT	+0.0017%	8h	789.20	+0.189%	$83.4M	$11.7M	200x	as long as short

Show all 45 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.206%	$19K	$789K	30x	as long as short
Bybit BNBUSDT	+0.0052%	8h	787.24	−0.060%	$138.6M	$67.2M	75x	as long as short
BloFin BNB-USDT	+0.0067%	8h	788.01	+0.038%	$18.4M	$2.2M	75x	as long as short
Phemex BNBUSDT	+0.0090%	8h	788.18	+0.060%	$68.5M	$51.1M	50x	as long as short
Phoenix BNB	+0.0094%	1h	787.95	+0.030%	$158K	$45K	10x	as long as short
Lighter BNB	+0.0096%	1h	787.70	−0.002%	$2.7M	$3.3M	20x	as long as short
Nado BNB-PERP	+0.0100%	1h	787.15	−0.071%	$1.4M	$2.4M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	788.16	+0.057%	$51.9M	$16.9M	10x	as long as short
Pacifica BNB	+0.0100%	1h	787.66	−0.007%	$1.2M	$932K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	787.40	−0.039%	$53.3M	$102.3M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	787.60	−0.014%	$57K	$122K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	787.45	−0.033%	$41.1M	$53.7M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	787.37	−0.043%	$28.2M	$9.6M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	787.37	−0.043%	$75.7M	$30.8M	75x	as long as short
BingX BNB-USDTlong	+0.0100%	8h	787.71	long leg	—	$50.2M	—
Backpack BNB_USDC_PERP	+0.0100%	1h	787.96	+0.032%	$2.2M	$6.0M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	787.17	−0.069%	$4.3M	$4.5M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	787.96	+0.032%	$4.1M	$75.4M	30x	as long as short
ApeX Omni BNBUSDTshort	+0.0100%	1h	787.98	+0.034%	$159K	$444K	50x
Polymarket Perps BNB-USD	+0.0100%	1h	787.39	−0.041%	$130K	$905K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	787.59	−0.015%	$265K	$297K	50x	as long as short
SunX BNB-USDT	+0.0100%	8h	787.90	+0.024%	$12K	$1.3M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	787.70	−0.001%	$387K	$926K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0100%	1h	787.91	+0.026%	$1.5M	$157K	25x	as long as short
HTX BNB-USDT	+0.0100%	8h	787.86	+0.019%	$8.0M	$10.0M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	787.85	+0.017%	$78K	$356K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	787.09	−0.078%	$1.8M	$5.6M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	787.52	−0.024%	$378K	$110K	10x	as long as short
Coinbase International BNB-PERP-INTX	+0.0120%	1h	788.03	+0.041%	$545K	$1.9M	50x	as long as short
01 Exchange BNBUSD	+0.0240%	1h	787.88	+0.022%	$28K	$3K	10x	as long as short
Bulk BNB-USD	+0.0277%	1h	788.58	+0.110%	$639K	$0	10x	as long as short
Reya BNBRUSDPERP	+0.0317%	1h	786.90	−0.102%	$6K	$3K	40x	as long as short
Hibachi BNB/USDT-P	+0.0320%	1h	787.75	+0.005%	$67K	$37K	12x	as long as short
RISEx BNB/USDC	+0.0393%	1h	787.84	+0.017%	$1.1M	$901K	20x	as long as short
dYdX BNB-USD	+0.1122%	1h	787.47	−0.030%	$158K	$34K	10x	as long as short