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

BNB

all BNB markets
SwapBacktest
Alert: funding
Measured
My alerts

Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Alert: spread
My alerts

Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding you earn now, next payment 07:00 UTC+0.0024%/8h= +2.6% APRpaid last 24h +0.004%
Price spread now: ApeX Omni against Phemex−0.056%7-day average −0.005% · you buy dearer than you sell
Net, funding: paid 7d − costs−$23as in the Funding arb table
Net, price: spread back to 7d avg − costs−$38as in the Price arb table
costs, in and out, $10k−$330.331% of the position
Long on PhemexShort on ApeX Omni
What this pair did over the last
the charts below follow
Funding, last 7 days+0.103%+$10 on $10k
Price spread, last 4 days (all we have)+0.041%+$4 · spread now −0.056%, 7d avg −0.005%
Together, before fees+0.143%+$14 on $10k · with fees, hour by hour
Funding pays, the price is against you. ApeX Omni is 0.051% cheaper against Phemex than usual: you would sell low and buy high (spread −0.056% now, against its 7-day average of −0.005%). If the spread goes back, that is −$5 on $10k: about 7.1 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.103% in total) that is about 3.5 days.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPhemex BNBUSDT787.940.0076pay 0.0076% / 8h1h 11m$68.9M$51.2M50x
ShortApeX Omni BNBUSDT787.500.0100get 0.0013% / 1h11m 29s$159K$438K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against Phemex. 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
$5.05
Price spread: −0.056% → −0.005%
−$5.13
Slippage, 4 orders
−$11.05
Fee Phemex: 6 bp × 2 orders
−$12
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
−$33.13
Costs to cover
0.331%
Break-even
52.9 days
Slippage from Phemex: live order book, 3 min ago; ApeX Omni: live order book, 31 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 Phemex live order book, 3 min ago0.06 bp6.2 bp −$66.3 bp −$6311.2 bp −$1,123doesn't fit
Sell ApeX Omni live order book, 31 min ago5.15 bp10.3 bp −$1032.1 bp −$321doesn't fitdoesn't fit

BNB on 45 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 −0.0170% / S +0.0337%1h787.24−0.088%$43K—200xas long as short
Hotstuff BNB-PERP−0.0080%1h787.66−0.036%$4K$4225xas long as short
StandX BNB-USD0.0000%1h788.21+0.034%$850K$2.8M30xas long as short
gTrade (Gains Network) BNB/USDL +0.0007% / S −0.0007%1h787.34−0.076%$9.5M—150xas long as short
Injective BNB/USDC PERP+0.0033%1h805.09+2.177%$19K$789K30xas long as short
BingX BNB-USDT+0.0049%8h787.43−0.065%—$22.3M—as long as short
Aster BNBUSDT+0.0050%8h787.89−0.006%$6.1M$18.8M200xas long as short
MEXC BNB_USDT+0.0060%8h788.50+0.071%$81.1M$12.1M200xas long as short
Binance BNBUSDT+0.0060%8h787.89−0.006%$490.4M$819.5M75xas long as short
dYdX BNB-USD+0.0065%1h787.28−0.083%$160K$62K10xas long as short
Show all 45 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Phemex BNBUSDTlong+0.0076%8h787.94long leg$68.9M$51.2M50x
Coinbase International BNB-PERP-INTX+0.0080%1h787.30−0.081%$568K$1.9M50xas long as short
Lighter BNB+0.0096%1h787.44−0.063%$2.7M$3.9M20xas long as short
Nado BNB-PERP+0.0100%1h787.15−0.100%$1.4M$2.7M20xas long as short
Hyperliquid BNB+0.0100%1h788.02+0.010%$51.6M$17.7M10xas long as short
Pacifica BNB+0.0100%1h787.61−0.042%$1.2M$933K20xas long as short
Bybit BNBUSDT+0.0100%8h787.19−0.095%$138.6M$74.9M75xas long as short
OKX BNB-USDT-SWAP+0.0100%8h787.10−0.107%$53.6M$113.1M50xas long as short
Arcus BNB-USD+0.0100%1h787.50−0.056%$52K$129K10xas long as short
Gate BNB_USDT+0.0100%8h787.30−0.081%$37.8M$59.5M75xas long as short
KuCoin BNBUSDTM+0.0100%8h786.92−0.129%$27.7M$10.2M75xas long as short
Bitget BNBUSDT+0.0100%8h787.21−0.093%$76.2M$31.2M75xas long as short
Backpack BNB_USDC_PERP+0.0100%1h787.78−0.020%$2.2M$6.1M40xas long as short
Variational Omni BNB+0.0100%8h787.11−0.105%$4.1M$4.8M—as long as short
edgeX BNBUSDC+0.0100%4h787.81−0.016%$4.1M$76.3M30xas long as short
ApeX Omni BNBUSDTshort+0.0100%1h787.50−0.056%$159K$438K50x
Polymarket Perps BNB-USD+0.0100%1h787.24−0.089%$132K$951K10xas long as short
Orderly PERP_BNB_USDC+0.0100%8h787.31−0.080%$265K$470K50xas long as short
SunX BNB-USDT+0.0100%8h787.83−0.014%$12K$1.5M50xas long as short
SoDEX BNB-USD+0.0100%1h787.50−0.056%$387K$979K10xas long as short
HTX BNB-USDT+0.0100%8h787.55−0.050%$8.0M$10.2M75xas long as short
Paradex BNB-USD-PERP+0.0100%8h788.00+0.008%$78K$18K50xas long as short
Extended BNB-USD+0.0104%1h786.93−0.129%$1.8M$5.9M50xas long as short
Aevo BNB-PERP+0.0104%1h787.35−0.074%$378K$110K10xas long as short
Kalshi KXBNBPERP+0.0120%8h787.70−0.030%$170K$2.7M4.8xas long as short
Phoenix BNB+0.0135%1h787.80−0.018%$169K$35K10xas long as short
BloFin BNB-USDT+0.0180%8h787.92−0.003%$17.7M$2.2M75xas long as short
Deribit BNB_USDC-PERPETUAL+0.0200%1h787.76−0.022%$1.5M$145K25xas long as short
Kraken Futures PF_BNBUSD+0.0205%1h787.34−0.076%$2.5M$1.2M50xas long as short
Bulk BNB-USD+0.0222%1h787.85−0.012%$639K$83110xas long as short
GRVT BNB_USDT_Perp+0.0228%8h788.10+0.020%$2.9M$29.3M10xas long as short
01 Exchange BNBUSD+0.0248%1h787.940.000%$28K$4K10xas long as short
Reya BNBRUSDPERP+0.0321%1h787.00−0.119%$6K$3K40xas long as short
RISEx BNB/USDC+0.0438%1h787.57−0.048%$1.1M$915K20xas long as short
Hibachi BNB/USDT-P+0.0488%1h787.54−0.051%$67K$39K12xas long as short