Settings8H · net · $10k
Funding arb · Price arb /

BNB

all BNB markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.00 per $10,000 · paid last 24h +0.002%
Price spread now: ApeX Omni against Coinbase International+0.179%7-day average +0.077% · you sell dearer than you buy
Net, funding: paid 7d − costs−$26as in the Funding arb table
Net, price: spread back to 7d avg − costs−$28as in the Price arb table
costs, in and out, $10k−$380.382% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.117%+$12 on $10k
Price spread, last 3 days (all we have)+0.003%$0 · spread now +0.179%, 7d avg +0.077%
Together, before fees+0.120%+$12 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: ApeX Omni is 0.102% dearer against Coinbase International than usual: you sell high and buy low, +$10 on $10k if it goes back to its 7-day average of +0.077%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongCoinbase International BNB-PERP-INTX799.100.0096pay 0.0012% / 1h7m 24s$608K$992K50x
ShortApeX Omni BNBUSDT800.530.0100get 0.0013% / 1h7m 24s$161K$442K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against Coinbase International. 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

Funding earned
$0.84
Price spread: +0.179% → +0.077%
$10.17
Slippage, 4 orders
−$18.15
Fee Coinbase International: 5 bp × 2 orders
−$10
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
−$27.14
Costs to cover
0.382%
Break-even
233.2 days
Slippage from Coinbase International: live order book, 11 min ago; ApeX Omni: live order book, 10 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Coinbase International live order book, 11 min ago3.62 bp9.0 bp −$913.2 bp −$132doesn't fitdoesn't fit
Sell ApeX Omni live order book, 10 min ago4.55 bp9.7 bp −$1034.8 bp −$348doesn't fitdoesn't fit

BNB on 46 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GMX BNB/USD [WBTC.b-USDC]L −0.0201% / S +0.0372%1h799.08−0.003%$47K200xas long as short
Hotstuff BNB-PERP−0.0080%1h799.59+0.061%$4K$1K25xas long as short
GRVT BNB_USDT_Perp0.0000%8h800.27+0.147%$3.0M$29.0M10xas long as short
StandX BNB-USD0.0000%1h800.56+0.183%$865K$2.9M30xas long as short
gTrade (Gains Network) BNB/USDL +0.0008% / S −0.0007%1h799.05−0.006%$9.7M150xas long as short
Variational Omni BNB+0.0030%8h799.14+0.005%$4.2M$5.4Mas long as short
BingX BNB-USDT+0.0052%8h799.24+0.018%$34.8Mas long as short
Bybit BNBUSDT+0.0065%8h798.80−0.038%$138.8M$78.7M75xas long as short
Aster BNBUSDT+0.0096%8h799.67+0.071%$6.3M$18.9M200xas long as short
Lighter BNB+0.0096%1h799.12+0.002%$2.8M$4.2M20xas long as short
Show all 46 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Coinbase International BNB-PERP-INTXlong+0.0096%1h799.10long leg$608K$992K50x
Nado BNB-PERP+0.0100%1h798.80−0.038%$1.4M$2.7M20xas long as short
Pacifica BNB+0.0100%1h799.06−0.005%$1.2M$926K20xas long as short
OKX BNB-USDT-SWAP+0.0100%8h798.80−0.038%$54.6M$113.6M50xas long as short
Arcus BNB-USD+0.0100%1h799.60+0.063%$53K$151K10xas long as short
Gate BNB_USDT+0.0100%8h798.90−0.025%$35.7M$58.9M75xas long as short
KuCoin BNBUSDTM+0.0100%8h798.90−0.025%$28.0M$10.3M75xas long as short
Bitget BNBUSDT+0.0100%8h798.90−0.025%$80.6M$26.6M75xas long as short
edgeX BNBUSDC+0.0100%4h800.16+0.133%$4.2M$77.2M30xas long as short
ApeX Omni BNBUSDTshort+0.0100%1h800.53+0.179%$161K$442K50x
Polymarket Perps BNB-USD+0.0100%1h799.14+0.005%$121K$872K10xas long as short
Orderly PERP_BNB_USDC+0.0100%8h799.07−0.004%$386K$489K50xas long as short
Derive BNB-PERP+0.0100%1h799.06−0.005%$32K$5K10xas long as short
SunX BNB-USDT+0.0100%8h800.47+0.172%$13K$1.7M50xas long as short
SoDEX BNB-USD+0.0100%1h799.00−0.013%$393K$1.0M10xas long as short
HTX BNB-USDT+0.0100%8h799.09−0.001%$8.2M$7.9M75xas long as short
Paradex BNB-USD-PERP+0.0100%8h799.54+0.055%$78K$19K50xas long as short
Kalshi KXBNBPERP+0.0100%8h799.90+0.100%$123K$2.9M4.8xas long as short
Extended BNB-USD+0.0104%1h798.44−0.083%$1.9M$6.3M50xas long as short
Aevo BNB-PERP+0.0104%1h799.12+0.002%$384K$40K10xas long as short
MEXC BNB_USDT+0.0116%8h800.00+0.113%$83.1M$13.9M200xas long as short
Phemex BNBUSDT+0.0116%8h799.46+0.045%$69.9M$51.2M50xas long as short
Binance BNBUSDT+0.0116%8h799.79+0.086%$502.3M$818.1M75xas long as short
Phoenix BNB+0.0155%1h800.03+0.116%$172K$35K10xas long as short
Deribit BNB_USDC-PERPETUAL+0.0200%1h799.37+0.033%$1.6M$165K25xas long as short
Kraken Futures PF_BNBUSD+0.0207%1h798.75−0.044%$2.6M$966K50xas long as short
Hibachi BNB/USDT-P+0.0216%1h799.27+0.021%$71K$48K12xas long as short
BloFin BNB-USDT+0.0236%8h800.36+0.158%$18.3M$2.5M75xas long as short
Bulk BNB-USD+0.0298%1h800.20+0.138%$650K$21K10xas long as short
Injective BNB/USDC PERP+0.0311%1h805.09+0.750%$19K$789K30xas long as short
RISEx BNB/USDC+0.0318%1h799.45+0.043%$1.1M$1.4M20xas long as short
Hyperliquid BNB+0.0319%1h799.95+0.106%$51.7M$21.6M10xas long as short
01 Exchange BNBUSD+0.0320%1h799.61+0.064%$28K$1K10xas long as short
Reya BNBRUSDPERP+0.0332%1h798.81−0.037%$6K$3K40xas long as short
dYdX BNB-USD+0.0351%1h799.29+0.024%$161K$62K10xas long as short
Backpack BNB_USDC_PERP+0.0570%1h799.79+0.086%$2.7M$5.7M40xas long as short