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 0.000%

Price spread now: ApeX Omni against Gate+0.067%7-day average +0.080% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$40as in the Price arb table

costs, in and out, $10k−$390.390% of the position

Long on Gate Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.045%+$5 on $10k

Price spread, last 4 days (all we have)+0.112%+$11 · spread now +0.067%, 7d avg +0.080%

Together, before fees+0.157%+$16 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate BNB_USDT	786.40	0.0100	pay 0.0100% / 8h	5h 27m	$41.7M	$54.2M	75x
Short	ApeX Omni BNBUSDT	786.93	0.0100	get 0.0013% / 1h	27m 27s	$158K	$460K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Gate. 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 GatebpFee ApeX OmnibpOrdersPrice spread, now +0.067%Rate

Funding earned: $0
Price spread: +0.067% → +0.080%: −$1.22
Slippage, 4 orders: −$13.98
Fee Gate: 7.5 bp × 2 orders: −$15
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$40.21
Costs to cover: 0.390%
Break-even: never at this rate

Slippage from Gate: live order book, 5 min ago; ApeX Omni: live order book, 18 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 Gate live order book, 5 min ago	0.32 bp	9.5 bp −$10	12.2 bp −$122	25.9 bp −$2,594	54.9 bp −$27.5K
Sell ApeX Omni live order book, 18 min ago	5.20 bp	10.2 bp −$10	33.1 bp −$331	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	786.63	+0.029%	$43K	—	200x	as long as short
Kraken Futures PF_BNBUSD	−0.0086%	1h	786.51	+0.014%	$2.5M	$1.2M	50x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	787.94	+0.196%	$4K	—	25x	as long as short
Aster BNBUSDT	0.0000%	8h	786.99	+0.075%	$6.0M	$16.9M	200x	as long as short
GRVT BNB_USDT_Perp	0.0000%	8h	786.44	+0.005%	$2.9M	$26.3M	10x	as long as short
Kalshi KXBNBPERP	0.0000%	8h	787.00	+0.076%	$155K	$2.5M	4.8x	as long as short
StandX BNB-USD	0.0000%	1h	787.54	+0.145%	$849K	$3.0M	30x	as long as short
Deribit BNB_USDC-PERPETUAL	0.0000%	1h	786.81	+0.053%	$1.5M	$146K	25x	as long as short
Bybit BNBUSDT	+0.0002%	8h	786.10	−0.038%	$138.5M	$65.7M	75x	as long as short
BingX BNB-USDT	+0.0005%	8h	786.52	+0.015%	—	$50.3M	—	as long as short

Show all 45 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	786.56	+0.020%	$9.5M	—	150x	as long as short
MEXC BNB_USDT	+0.0012%	8h	788.00	+0.203%	$83.3M	$11.8M	200x	as long as short
Binance BNBUSDT	+0.0012%	8h	786.98	+0.074%	$480.6M	$759.7M	75x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.377%	$19K	$789K	30x	as long as short
BloFin BNB-USDT	+0.0050%	8h	787.12	+0.092%	$18.5M	$2.2M	75x	as long as short
Phemex BNBUSDT	+0.0085%	8h	787.23	+0.106%	$68.4M	$50.9M	50x	as long as short
Lighter BNB	+0.0096%	1h	786.48	+0.011%	$2.7M	$3.3M	20x	as long as short
Nado BNB-PERP	+0.0100%	1h	786.14	−0.033%	$1.4M	$2.3M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	787.02	+0.079%	$51.8M	$16.9M	10x	as long as short
Pacifica BNB	+0.0100%	1h	786.56	+0.020%	$1.2M	$930K	20x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	786.30	−0.013%	$53.3M	$101.2M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	786.80	+0.051%	$57K	$122K	10x	as long as short
Gate BNB_USDTlong	+0.0100%	8h	786.40	long leg	$41.7M	$54.2M	75x
KuCoin BNBUSDTM	+0.0100%	8h	786.28	−0.015%	$28.2M	$9.6M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	786.13	−0.034%	$75.7M	$31.0M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	787.10	+0.089%	$2.2M	$6.0M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	785.47	−0.119%	$4.3M	$4.4M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	787.00	+0.076%	$4.1M	$72.0M	30x	as long as short
ApeX Omni BNBUSDTshort	+0.0100%	1h	786.93	+0.067%	$158K	$460K	50x
Polymarket Perps BNB-USD	+0.0100%	1h	786.37	−0.004%	$128K	$905K	10x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	786.44	+0.005%	$264K	$297K	50x	as long as short
SunX BNB-USDT	+0.0100%	8h	787.17	+0.098%	$12K	$1.3M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	786.80	+0.051%	$387K	$926K	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	786.78	+0.049%	$8.0M	$9.9M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	786.75	+0.044%	$78K	$899K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	785.90	−0.063%	$1.8M	$5.6M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	786.17	−0.030%	$378K	$110K	10x	as long as short
Phoenix BNB	+0.0120%	1h	786.99	+0.075%	$158K	$45K	10x	as long as short
Coinbase International BNB-PERP-INTX	+0.0120%	1h	787.08	+0.086%	$548K	$1.9M	50x	as long as short
01 Exchange BNBUSD	+0.0208%	1h	787.05	+0.083%	$28K	$3K	10x	as long as short
Bulk BNB-USD	+0.0305%	1h	787.61	+0.154%	$638K	$811	10x	as long as short
Reya BNBRUSDPERP	+0.0316%	1h	786.05	−0.044%	$6K	$3K	40x	as long as short
Hibachi BNB/USDT-P	+0.0336%	1h	786.64	+0.030%	$67K	$37K	12x	as long as short
RISEx BNB/USDC	+0.0393%	1h	786.78	+0.048%	$1.1M	$904K	20x	as long as short
dYdX BNB-USD	+0.1175%	1h	786.11	−0.037%	$158K	$34K	10x	as long as short