Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0022%/8h= −2.4% APRpaid last 24h −0.015%

Price spread now: Variational Omni against edgeX−0.087%7-day average −0.084% · you buy dearer than you sell

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

Long on edgeX Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.069%−$7 on $10k

Price spread, last 7 days−0.003%$0 · spread now −0.087%, 7d avg −0.084%

Together, before fees−0.071%+ Points / potential airdropedgeX: Active · Variational Omni: Active · farm board−$7 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.084%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX BNBUSDC	788.50	0.0100	pay 0.0050% / 4h	1h 42m	$4.1M	$77.0M	30x
Short	Variational Omni BNB	787.81	0.0078	get 0.0078% / 8h	5h 42m	$4.1M	$4.7M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against edgeX. 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 edgeXbpFee Variational OmnibpOrdersPrice spread, now −0.087%Rate

Funding earned: −$4.62
Price spread: −0.087% → −0.084%: −$0.29
Slippage, 4 orders: no order book: not counted
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$13.91
Costs to cover: 0.090%
Break-even: never at this rate

Slippage unknown: edgeX: live order book, 1 min ago; Variational Omni: RFQ quote, 1 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 edgeX live order book, 1 min ago	2.53 bp	7.0 bp −$7	7.0 bp −$70	11.8 bp −$1,180	doesn't fit
Sell Variational Omni RFQ quote, 1 min ago	3.34 bp	doesn't fit	7.6 bp −$76	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 −0.0167% / S +0.0335%	1h	788.74	+0.030%	$46K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	788.72	+0.028%	$4K	$239	25x	as long as short
StandX BNB-USD	0.0000%	1h	789.10	+0.076%	$853K	$3.2M	30x	as long as short
gTrade (Gains Network) BNB/USD	L +0.0008% / S −0.0007%	1h	788.84	+0.043%	$9.6M	—	150x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.104%	$19K	$789K	30x	as long as short
Aster BNBUSDT	+0.0040%	8h	789.79	+0.163%	$6.2M	$18.7M	200x	as long as short
Coinbase International BNB-PERP-INTX	+0.0048%	1h	789.09	+0.075%	$618K	$1.8M	50x	as long as short
BingX BNB-USDC	+0.0055%	8h	788.70	+0.025%	—	$13.3M	—	as long as short
Phemex BNBUSDT	+0.0071%	8h	789.40	+0.114%	$69.1M	$51.0M	50x	as long as short
MEXC BNB_USDT	+0.0072%	8h	790.10	+0.203%	$80.4M	$12.4M	200x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance BNBUSDT	+0.0073%	8h	790.01	+0.191%	$494.3M	$806.6M	75x	as long as short
Variational Omni BNBshort	+0.0078%	8h	787.81	−0.087%	$4.1M	$4.7M	—
Kraken Futures PF_BNBUSD	+0.0091%	1h	789.23	+0.092%	$2.5M	$1.2M	50x	as long as short
Lighter BNB	+0.0096%	1h	789.47	+0.123%	$2.8M	$3.9M	20x	as long as short
Gate BNB_USDT	+0.0096%	8h	789.05	+0.070%	$35.3M	$56.8M	75x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	788.95	+0.057%	$265K	$497K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	788.85	+0.044%	$1.5M	$2.6M	20x	as long as short
Hyperliquid BNB	+0.0100%	1h	789.76	+0.160%	$51.8M	$18.4M	10x	as long as short
Pacifica BNB	+0.0100%	1h	789.18	+0.086%	$1.2M	$909K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	789.27	+0.098%	$138.8M	$77.4M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	789.20	+0.089%	$53.5M	$112.5M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	789.20	+0.089%	$52K	$130K	10x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	789.02	+0.066%	$27.7M	$10.4M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	789.15	+0.082%	$76.9M	$30.0M	75x	as long as short
Backpack BNB_USDC_PERP	+0.0100%	1h	789.48	+0.124%	$2.2M	$6.1M	40x	as long as short
edgeX BNBUSDClong	+0.0100%	4h	788.50	long leg	$4.1M	$77.0M	30x
ApeX Omni BNBUSDT	+0.0100%	1h	788.65	+0.019%	$159K	$439K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	788.68	+0.023%	$137K	$944K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	789.32	+0.103%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	789.33	+0.105%	$12K	$1.6M	50x	as long as short
HTX BNB-USDT	+0.0100%	8h	789.07	+0.072%	$8.1M	$9.1M	75x	as long as short
Paradex BNB-USD-PERP	+0.0103%	8h	789.71	+0.154%	$77K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	789.04	+0.069%	$1.8M	$5.9M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	789.22	+0.091%	$379K	$110K	10x	as long as short
Phoenix BNB	+0.0107%	1h	788.34	−0.020%	$169K	$35K	10x	as long as short
GRVT BNB_USDT_Perp	+0.0122%	8h	788.59	+0.012%	$2.9M	$28.3M	10x	as long as short
SoDEX BNB-USD	+0.0167%	1h	789.30	+0.101%	$388K	$1.0M	10x	as long as short
Kalshi KXBNBPERP	+0.0183%	8h	789.50	+0.127%	$95K	$2.8M	4.8x	as long as short
BloFin BNB-USDT	+0.0193%	8h	789.60	+0.139%	$18.2M	$2.3M	75x	as long as short
dYdX BNB-USD	+0.0244%	1h	788.96	+0.058%	$160K	$63K	10x	as long as short
01 Exchange BNBUSD	+0.0304%	1h	789.59	+0.138%	$28K	$4K	10x	as long as short
Reya BNBRUSDPERP	+0.0328%	1h	788.60	+0.013%	$6K	$3K	40x	as long as short
RISEx BNB/USDC	+0.0361%	1h	789.17	+0.086%	$1.1M	$1.0M	20x	as long as short
Bulk BNB-USD	+0.0373%	1h	788.05	−0.057%	$638K	$13K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0500%	1h	789.68	+0.150%	$1.5M	$152K	25x	as long as short
Hibachi BNB/USDT-P	+0.0576%	1h	788.44	−0.008%	$67K	$38K	12x	as long as short