Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.015%

Price spread now: Variational Omni against Bitget−0.003%7-day average +0.011% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Bitget Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.064%−$6 on $10k

Price spread, last 7 days+0.006%+$1 · spread now −0.003%, 7d avg +0.011%

Together, before fees−0.057%+ Points / potential airdropVariational Omni: Active · farm board−$6 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget BNBUSDT	790.84	0.0100	pay 0.0100% / 8h	4h 55m	$76.6M	$30.3M	75x
Short	Variational Omni BNB	790.82	0.0100	get 0.0100% / 8h	4h 55m	$4.1M	$4.6M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Bitget. 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 BitgetbpFee Variational OmnibpOrdersPrice spread, now −0.003%Rate

Funding earned: $0
Price spread: −0.003% → +0.011%: −$1.35
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$13.35
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Bitget: live order book, 3 min ago; Variational Omni: RFQ quote, 3 min ago. Net counts fees only.

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 Bitget live order book, 3 min ago	0.06 bp	7.1 bp −$7	10.2 bp −$102	18.4 bp −$1,844	doesn't fit
Sell Variational Omni RFQ quote, 3 min ago	3.34 bp	doesn't fit	5.9 bp −$59	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 −0.0182% / S +0.0347%	1h	791.08	+0.030%	$46K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	791.22	+0.048%	$4K	$42	25x	as long as short
StandX BNB-USD	0.0000%	1h	791.67	+0.105%	$856K	$3.1M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	791.13	+0.036%	$9.7M	—	150x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+1.802%	$19K	$789K	30x	as long as short
Aster BNBUSDT	+0.0047%	8h	791.84	+0.127%	$6.1M	$18.7M	200x	as long as short
BingX BNB-USDT	+0.0056%	8h	791.31	+0.059%	—	$34.3M	—	as long as short
Phemex BNBUSDT	+0.0058%	8h	791.78	+0.119%	$69.3M	$50.0M	50x	as long as short
Coinbase International BNB-PERP-INTX	+0.0064%	1h	790.64	−0.025%	$583K	$1.9M	50x	as long as short
Binance BNBUSDT	+0.0070%	8h	791.68	+0.106%	$494.1M	$790.1M	75x	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	+0.0071%	8h	791.90	+0.134%	$80.4M	$12.1M	200x	as long as short
Lighter BNB	+0.0096%	1h	791.33	+0.062%	$2.8M	$3.8M	20x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	791.21	+0.047%	$266K	$498K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	790.50	−0.043%	$1.5M	$2.6M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	791.77	+0.118%	$52.0M	$17.6M	10x	as long as short
Pacifica BNB	+0.0100%	1h	791.26	+0.053%	$1.2M	$931K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	790.90	+0.008%	$139.1M	$75.2M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	790.90	+0.008%	$53.5M	$111.8M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	791.30	+0.058%	$52K	$130K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	791.15	+0.039%	$35.5M	$56.4M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	790.90	+0.008%	$27.7M	$10.3M	75x	as long as short
Bitget BNBUSDTlong	+0.0100%	8h	790.84	long leg	$76.6M	$30.3M	75x
Backpack BNB_USDC_PERP	+0.0100%	1h	791.65	+0.102%	$2.2M	$6.1M	40x	as long as short
Variational Omni BNBshort	+0.0100%	8h	790.82	−0.003%	$4.1M	$4.6M	—
edgeX BNBUSDC	+0.0100%	4h	790.75	−0.011%	$4.1M	$74.9M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	790.94	+0.013%	$159K	$441K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	791.16	+0.040%	$134K	$950K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	791.33	+0.061%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	791.55	+0.090%	$12K	$1.5M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	791.30	+0.058%	$389K	$1.0M	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	790.90	+0.008%	$8.1M	$9.3M	75x	as long as short
Paradex BNB-USD-PERP	+0.0101%	8h	791.79	+0.120%	$77K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	790.58	−0.033%	$1.8M	$5.9M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	791.04	+0.026%	$380K	$110K	10x	as long as short
Phoenix BNB	+0.0107%	1h	791.15	+0.039%	$170K	$35K	10x	as long as short
dYdX BNB-USD	+0.0110%	1h	791.17	+0.041%	$160K	$64K	10x	as long as short
GRVT BNB_USDT_Perp	+0.0139%	8h	791.07	+0.029%	$3.0M	$28.0M	10x	as long as short
Kalshi KXBNBPERP	+0.0182%	8h	792.30	+0.185%	$113K	$2.7M	4.8x	as long as short
BloFin BNB-USDT	+0.0191%	8h	791.01	+0.021%	$18.2M	$2.2M	75x	as long as short
01 Exchange BNBUSD	+0.0224%	1h	791.68	+0.106%	$28K	$4K	10x	as long as short
Kraken Futures PF_BNBUSD	+0.0263%	1h	791.09	+0.031%	$2.5M	$1.2M	50x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	791.69	+0.108%	$1.5M	$143K	25x	as long as short
Reya BNBRUSDPERP	+0.0327%	1h	790.91	+0.008%	$6K	$3K	40x	as long as short
Bulk BNB-USD	+0.0338%	1h	790.78	−0.008%	$640K	$9K	10x	as long as short
RISEx BNB/USDC	+0.0461%	1h	791.53	+0.087%	$1.1M	$979K	20x	as long as short
Hibachi BNB/USDT-P	+0.0552%	1h	790.80	−0.005%	$68K	$38K	12x	as long as short