Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: ApeX Omni against KuCoin−0.097%52s7-day average +0.080% · you buy dearer than you sell

Net, funding: paid 7d − costs−$39as 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−$420.424% of the position

Long on KuCoin Short on ApeX Omni

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)+0.287%+$29 · spread now −0.097%, 7d avg +0.080%

Together, before fees+0.320%+$32 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 0.177% cheaper against KuCoin than usual: you would sell low and buy high, −$18 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	KuCoin BNBUSDTM	786.96	0.0100	pay 0.0100% / 8h	3h 06m	$27.6M	$10.3M	75x
Short	ApeX Omni BNBUSDT	786.20	0.0100	get 0.0013% / 1h	6m 46s	$158K	$441K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against KuCoin. 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 KuCoinbpFee ApeX OmnibpOrdersPrice spread, now −0.097%Rate

Funding earned: $0
Price spread: −0.097% → +0.080%: −$17.7
Slippage, 4 orders: −$20.43
Fee KuCoin: 6 bp × 2 orders: −$12
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$60.13
Costs to cover: 0.424%
Break-even: never at this rate

Slippage from KuCoin: live order book, 7 min ago; ApeX Omni: live order book, 46 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 KuCoin live order book, 7 min ago	0.57 bp	9.8 bp −$10	18.5 bp −$185	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 46 min ago	4.81 bp	10.6 bp −$11	32.6 bp −$326	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 −0.0192% / S +0.0356%	1h	786.44	−0.066%	$46K	—	200x	as long as short
Kraken Futures PF_BNBUSD	−0.0124%	1h	786.80	−0.020%	$2.5M	$1.2M	50x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	786.81	−0.019%	$4K	$42	25x	as long as short
Kalshi KXBNBPERP	0.0000%	8h	787.00	+0.005%	$122K	$2.7M	4.8x	as long as short
StandX BNB-USD	0.0000%	1h	786.49	−0.060%	$848K	$3.1M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	786.52	−0.056%	$9.5M	—	150x	as long as short
Aster BNBUSDT	+0.0022%	8h	787.84	+0.112%	$6.1M	$19.1M	200x	as long as short
BingX BNB-USDT	+0.0033%	8h	787.32	+0.046%	—	$22.3M	—	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.304%	$19K	$789K	30x	as long as short
Phemex BNBUSDT	+0.0040%	8h	787.13	+0.022%	$68.8M	$50.7M	50x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC BNB_USDT	+0.0041%	8h	788.30	+0.170%	$79.9M	$12.1M	200x	as long as short
Binance BNBUSDT	+0.0043%	8h	787.91	+0.121%	$490.5M	$804.2M	75x	as long as short
Coinbase International BNB-PERP-INTX	+0.0072%	1h	788.00	+0.132%	$579K	$1.9M	50x	as long as short
dYdX BNB-USD	+0.0076%	1h	787.22	+0.033%	$159K	$61K	10x	as long as short
Phoenix BNB	+0.0092%	1h	786.26	−0.089%	$169K	$35K	10x	as long as short
Lighter BNB	+0.0096%	1h	787.39	+0.054%	$2.7M	$3.9M	20x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	786.76	−0.025%	$265K	$491K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	786.30	−0.084%	$1.5M	$2.6M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	787.78	+0.105%	$51.7M	$17.5M	10x	as long as short
Pacifica BNB	+0.0100%	1h	787.60	+0.082%	$1.2M	$934K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	787.20	+0.030%	$138.3M	$74.1M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	787.10	+0.018%	$53.4M	$111.6M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	787.50	+0.069%	$52K	$133K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	787.15	+0.024%	$36.1M	$58.3M	75x	as long as short
KuCoin BNBUSDTMlong	+0.0100%	8h	786.96	long leg	$27.6M	$10.3M	75x
Bitget BNBUSDT	+0.0100%	8h	786.89	−0.009%	$76.1M	$30.6M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	787.41	+0.057%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNB	+0.0100%	8h	787.00	+0.006%	$4.1M	$4.6M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	786.48	−0.061%	$4.1M	$74.3M	30x	as long as short
ApeX Omni BNBUSDTshort	+0.0100%	1h	786.20	−0.097%	$158K	$441K	50x
Polymarket Perps BNB-USD	+0.0100%	1h	786.55	−0.052%	$131K	$956K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	786.83	−0.016%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	787.11	+0.019%	$12K	$1.5M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	786.80	−0.020%	$387K	$1.0M	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	785.98	−0.125%	$8.1M	$9.7M	75x	as long as short
Paradex BNB-USD-PERP	+0.0100%	8h	787.52	+0.072%	$77K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	786.90	−0.008%	$1.8M	$6.3M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	786.77	−0.025%	$378K	$110K	10x	as long as short
BloFin BNB-USDT	+0.0161%	8h	787.40	+0.056%	$17.7M	$2.2M	75x	as long as short
GRVT BNB_USDT_Perp	+0.0179%	8h	786.55	−0.052%	$2.9M	$28.8M	10x	as long as short
Bulk BNB-USD	+0.0201%	1h	787.88	+0.117%	$639K	$10K	10x	as long as short
01 Exchange BNBUSD	+0.0240%	1h	787.44	+0.061%	$28K	$4K	10x	as long as short
Reya BNBRUSDPERP	+0.0324%	1h	786.39	−0.072%	$6K	$3K	40x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0400%	1h	787.22	+0.033%	$1.5M	$143K	25x	as long as short
RISEx BNB/USDC	+0.0431%	1h	787.00	+0.005%	$1.1M	$907K	20x	as long as short
Hibachi BNB/USDT-P	+0.0432%	1h	786.01	−0.120%	$67K	$39K	12x	as long as short